Economics
South Korea's LG Chem may extend maintenance at Yeosu naphtha cracker
South Korean petrochemical operator LG Chem may extend maintenance at its naphtha cracker for a month into December, a company official said on Wednesday, to deal with unattractive cracking margins.
Phillips 66 plans to lay off 1,100 workers by end-2022
Refiner Phillips 66 said on Wednesday, it plans to reduce its employee headcount by 1,100 to help cut costs and meet its savings target of $500 MM by end-2022.
Italy's plans to secure financing for Lukoil refinery face obstacles, sources say
Italy's efforts to secure financing to keep an Italian oil refinery owned by Lukoil up and running despite new sanctions on Russia kicking in next month have hit obstacles.
Indonesia targets sugar self-sufficiency in 5 yrs, eyes ethanol production
Indonesia will expand its sugar plantation area to try to become self-sufficient in the next five years and is eyeing development of renewable sugar-based ethanol afterwards, President Joko Widodo said.
French energy minister says fuel supply crisis over
Supply at French petrol stations is returning to normal with only one TotalEnergies refinery at Feyzin in Southern France still on strike, Energy Minister Agnes Pannier-Runacher said on Thursday.
UK sanctions four Russian steel and petrochemical tycoons
Britain has sanctioned four Russian steel and petrochemical business owners, including the former head of steel producer Evraz, the government said on Wednesday, its latest measures taken against Moscow over the war in Ukraine.
Leading capital projects in a VUCA environment
A convergence of events has disrupted the construction industry.
Mexico's Pemex reports narrower quarterly loss, growing fuel sales
Mexican state oil company Pemex reported its third quarter net loss narrowed to $2.58 B but said it had suffered from increased sales costs as well as currency exchange losses as the peso weakened against the dollar.
Dr. Sultan Al Jaber calls for maximum energy, minimum emissions in ADIPEC opening address
ADIPEC is taking place against the backdrop of complexities which the world is facing and H.E. Dr. Al Jaber sought the wise counsel of the UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, in deciding whether to dwell on the challenges or focus on the opportunities in his remarks.
Chevron's $11.2 B quarterly profit soars past estimates
Chevron reported its second-highest ever quarterly profit, blasting past analysts' estimates, driven by soaring global demand for its oil and gas and rising production from its U.S. oilfields.
- AVTL to develop ammonia terminal in Pipavav, India 6/20
- Chevron seeks buyers for 50% stake in Singapore refinery 6/20
- Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict 6/20
- Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade 6/20
- Italy's Eni eyes new unit to manage oil refineries 6/20
- Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future 6/20
