Europe
ExxonMobil to close Scottish chemicals plant in 2026 amid market uncertainty
European chemicals producers, the European Union's fourth-biggest exporting sector after machinery, automotive and pharmaceuticals, have come under pressure from soaring energy costs following Russia's invasion of Ukraine and aging infrastructure, deepening their reliance on imports of key feedstocks such as ethylene and propylene.
BASF, ExxonMobil join forces to advance low-emissions hydrogen through methane pyrolysis technology
The companies have signed a joint development agreement to co-develop methane pyrolysis technology, including plans to construct a demonstration plant aimed at commercial readiness.
Serbia has a week to resolve NIS refinery crisis, President Vucic says
Washington is seeking complete Russian divestment from NIS, which operates Serbia's only refinery, and on Saturday gave the company's owners three months to find a buyer.
Lukoil-Moldova grants free use of airport fuel terminal to government amid U.S. sanctions
The move aims to secure fuel supplies for stable airport operations as U.S. sanctions against the Russian-owned company take effect later this month.
Croatia rejects Russian vacuum gasoil cargo after U.S. sanctions
According to traders and LSEG shipping data, the Malta-flagged tanker Hope A loaded about 30,000 metric tons (t) of vacuum gasoil at Russia’s Black Sea port of Tuapse on October 22 and sailed toward Croatia.
Bulgaria wins UK sanctions reprieve on refinery, petrol stations
The UK last month announced sanctions on Russia's two biggest oil companies, Rosneft and Lukoil, and a week later the U.S. followed suit in a bid to squeeze the financing of Moscow’s war effort in Ukraine.
- HIF Global and German eFuel One GmbH sign HoA for e-methanol offtake 2/20
- Venezuela's refineries boost processing to 35% of capacity 2/20
- New Trinidad gas projects could provide necessary feedstock for country's petchem and LNG sectors 2/20
- MK-Polymer delivers ethylene-propylene rubber to JSC Kazenergokabel 2/20
- Mexican authorities shut down 22-m long tunnel used in illegal smuggling of fuel supplies 2/20
- Digital Feature: First-stage ejector nozzle retrofit achieves meaningful performance improvement 2/20
