Europe
MOL Group, KazMunayGas partner on exploring petrochemical production
MOL Group and Kazakhstani national oil company KazMunayGas have signed a cooperation agreement to jointly explore opportunities in the oil, gas and petrochemicals sector. This agreement builds on the successful JV in Kazakhstan, where MOL, KMG and Sinopec have been producing gas and gas condensate at the Rozhkovskoye field.
Solvay uses waste wood to power soda ash and bicarbonate plant in Germany
Solvay announced the official inauguration of the second biomass boiler at its Rheinberg soda ash and bicarbonate plant in Germany, phasing out the use of thermal coal for energy use at the site. With the commissioning of this new boiler, Rheinberg became the world’s first soda ash plant powered by locally sourced waste wood.
Willis Sustainable Fuels selects McDermott for sustainable aviation fuel facilities in the UK
McDermott has been awarded a master services agreement (MSA) by Willis Sustainable Fuels (UK) Limited (WSFL) for sustainable aviation fuel (SAF) facilities in the UK.
ClonBio Group selects Seeq for enterprise-wide analytics
Seeq, a leader in industrial analytics, AI and monitoring, and ClonBio Group Ltd., an Irish agribusiness company, have announced a multi-year commercial agreement for the Seeq Industrial Analytics and AI platform to be leveraged across ClonBio’s biorefinery assets in Europe and its principal asset in the U.S. to further accelerate digital transformation outcomes.
European oil giants step back from renewables path
Almost five years ago, bp embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals, revive its share price and allay investor concerns over future profits.
Spain's Moeve swings to quarterly loss on weak refining margins
Spain's second-largest oil company, Moeve, formerly known as Cepsa, posted a third-quarter loss after a sharp decline in refining margins hit its energy business.
Asia naphtha supply expected to remain tight over next two years
Naphtha is expected to remain in short supply in Asia over the next couple of years as more crackers come online and as demand for blending the fuel with gasoline rises.
SOCAR, Baker Hughes partner on integrated gas recovery, H2S removal system at the Heydar Oil Refinery
Baker Hughes and SOCAR signed a contract for an integrated gas recovery and hydrogen sulfide (H2S) removal system that will significantly reduce downstream flaring at SOCAR’s Heydar Aliyev Oil Refinery in Baku, Azerbaijan.
Germany blocks oil firms from using past emissions credits to support biofuel industry
The German cabinet approved reforms to restrict oil companies from carrying excess emissions reductions credits forward, in a step aimed at boosting the biofuel industry that was hit by a quick drop in carbon prices in recent years.
Digital Exclusive: U.S. flip-flop jeopardizes global treaty to end plastic pollution
Rob Benedict, Vice President, Petrochemicals and Midstream, American Fuel and Petrochemical Manufacturers (AFPM), details the Biden administration's (U.S.) flip-flop on allowing individual countries to take their own path to tackle plastics pollution, and instead, wants universal plastic production caps and the banning of certain chemicals. Mr. Benedict details why this approach will only hurt the global objective to end plastic pollution.
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
- Day 2 of WGLC 2024 begins with Chevron speaker’s inspiring, relatable message 11/21
- MOL Group, KazMunayGas partner on exploring petrochemical production 11/21
- WGLC: Innovating AI adoption 11/21
- Solvay uses waste wood to power soda ash and bicarbonate plant in Germany 11/21
- Syensqo expands U.S. production capacity for advanced polymers 11/21
