Europe
Russia's Rosneft may delay refinery modernization due to high interest rates, taxes
Rosneft, Russia's largest oil producer, said it may delay modernizing its refineries due to high interest rates and taxes, as its nine-month profit fell 13.9% year on year to $8.7 B.
Germany's BSW pushes to restore Russian oil to Schwedt refinery, seeks regional legitimacy
Germany's leftist Sahra Wagenknecht Alliance (BSW), set to join a new Social Democrat-led regional state government in Brandenburg, announced plans on Wednesday to push for the main refinery that supplies most of Berlin's needs to be supplied with Russian oil once more.
easyJet, Renavia and WFS sign MoU for long-term supply of SAF
easyJet, Braathens Renavia, in partnership with Mana Group and World Fuel Services singed a Memorandum of Understanding for the long-term supply of sustainable aviation fuel for easyJet’s operations in Europe and the UK. The agreement provides easyJet access to up to 150,000 tons of SAF (including up to 75,000 tons of e-SAF) from 2030.
Orlen has lost $1.2 B on petrochemical project, state audit finds
Polish refiner Orlen is estimated to have lost 5 B zlotys ($1.22 B) on the Olefins petrochemicals project, State Assets Minister Jakub Jaworowski said on Wednesday as he presented the results of an audit of state companies.
Air Liquide strengthens partnership with TotalEnergies through renewable H2 project in France
Air Liquide has announced a renewable hydrogen (H2) production project at La Mède (Provence-Alpes-Côte d'Azur region in France). In the context of a long-term contract, Air Liquide will cover the H2 needs of TotalEnergie's biorefinery.
U.S. October gasoline imports hit post-pandemic low on slump in European shipments
U.S. waterborne gasoline imports fell in October to their lowest since the COVID-19 pandemic, with European shipments to the U.S. Northeast hitting a record low and Asian cargoes more than halved from a year ago.
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.
- India not to raise petrol, diesel retail prices despite tax hike 4/7
- China teapot oil refiners improve run rates but demand woes, sanctions weigh 4/7
- U.S. refiners' shares hit near 2-yr lows as Trump tariffs spur fuel demand fears 4/7
- Update: India's fuel demand hits 10-month high in March 4/7
- Oil and gas investor Afreximbank earmarks $3 B to support locally-refined products 4/7
- China's Wanhua Chemical starts operation at new east China cracker 4/4
