Economics
Return of U.S. oil sanctions on Venezuela to hit revenue, fuel imports
The return of U.S. sanctions on Venezuela's oil and gas sectors would hurt the OPEC country's ability to collect cash from its oil exports, crimp new energy investments and raise the risks of domestic fuel scarcity.
Nextchem awarded licensing and engineering design package for Norsk e-fuel’s first industrial scale e-fuel plants located in Norway
NextChem has signed a contract with Paul Wurth S.A. and Norsk e-Fuel AS for a licensing and engineering design package relating to NX CPO to be applied in the first industrial scale plant able to produce SAF from green hydrogen and biogenic CO2 in Mosjøen, Norway.
Sonichem launches project to transform the automotive industry with bio-based plastics
A consortium led by sustainable technology innovator Sonichem has been granted nearly $760,000 in funding from Innovate UK’s 'Resource efficiency for materials and manufacturing' program.
Red Sea worries cause spike in refined fuel prices, but market will adjust
The main impact from the escalating tensions in the Middle East and the threat to ships transiting the Red Sea isn't on crude oil prices, but rather on the heightened vulnerability of refined fuels.
Linde starts up supply of captured CO2 to Celanese for methanol production
Linde announced that it has started supplying clean hydrogen and captured CO2 to Celanese for its production of methanol.
Cathay welcomes the launch of the Hong Kong Sustainable Aviation Fuel Coalition as co-initiator
Cathay further demonstrated today its steadfast commitment to contributing towards the decarbonization of the aviation industry and establishing itself as a sustainability leader as it proudly welcomed the successful launch of the Hong Kong Sustainable Aviation Fuel Coalition as its co-initiator.
Tanker with Russian diesel to discharge at the port of Venezuela
Sea Maverick with about 33,000 metric tons of ultra-low sulfur diesel loaded at the end of December 2023 at the Russian Baltic port of Primorsk is discharging at the El Palito port in Venezuela.
POET's U.S. Midwest ethanol plants to join Summit Carbon pipeline project
POET LLC, the world's largest ethanol producer, said it will partner with Summit Carbon Solutions to capture carbon dioxide emissions at 17 of POET's U.S. Midwest ethanol plants as part of Summit's multi-state pipeline project.
Fuel tanker is loaded at Novatek's Ust-Luga terminal
A tanker called Breeze is being loaded with fuel at Novatek's terminal at the Baltic Sea's port of Ust-Luga, where the company's fuel-producing complex was damaged earlier this month.
Russia's Novak says NORSI refinery repairs to take at least a month
Russian Deputy Prime Minister Alexander Novak said that repair work on Lukoil's NORSI oil refinery will take at least a month or a month and a half, in another setback for Russia's oil refining industry.
- Relevant Industrial announces acquisition of Loy Instrument Inc. 12/26
- Indian state refiners may buy Middle East spot oil to replace Russian shortfall 12/26
- Stellantis unit to pay $4.2 MM to resolve California (U.S.) emissions probe 12/26
- Japan's Taiyo Oil to shut two CDUs at Shikoku refinery for maintenance 12/26
- Indian Oil to invest $7 B in naphtha cracker project 12/26
- Mexico's oil and gas output drops to lowest level all year in November 12/26
