Europe
Steeper Energy, Silva Green Fuel to build advanced biofuel project
COPENHAGEN, Denmark — Steeper Energy, a Danish-Canadian clean-fuel company, is partnering with Silva Green Fuel, a Norwegian-Swedish JV, to construct a EUR 50.6 MM (DKK 377 MM) industrial scale demonstration plant at a former pulp mill located in Tofte, Norway leading to a future commercial scale project.
Oiltanking commissions new terminal in Mozambique
HAMBURG, Germany — Oiltanking GmbH is pleased to announce the commissioning of its new terminal in Matola, Mozambique. In parallel, Oiltanking will expand its investment in the ports of Matola and Beira by increasing its ownership share in Oiltanking Mozambique.
Nigeria's rush for petrol could save Europe's sagging margins
LONDON (Reuters) — Nigeria's rush to keep its citizens supplied with fuel is expected to boost purchases of European gasoline in December, offering a potential respite to European refineries and storage terminals threatened by an oversupply that has battered margins.
Ineos sticks with 2–4 week Forties pipeline repair estimate, assessing damage
LONDON (Reuters) — Repairing Britain's Forties crude oil pipeline in the North Sea is still expected to take two to four weeks, operator Ineos said on Monday, as assessment continues a week after it was closed down.
Russian oil exports to China via Skovorodino seen jumping 57% in 1Q
MOSCOW (Reuters) — Russian ESPO Blend oil exports to China via the Skovorodino-Mohe pipeline are expected to jump by 57% to 6.7 MMt in the first quarter of 2018 compared with the previous three months, sources familiar with the loading schedule told Reuters on Friday.
Oil prices edge higher on Forties outage, falling stocks
SINGAPORE/LONDON (Reuters) — Oil prices rose on Friday, supported by the continuing outage of the Forties pipeline in the North Sea and falling inventories due to OPEC-led production cuts, but climbing US output kept a lid on gains.
UK Forties oil cargoes delayed for weeks by pipeline shutdown
LONDON (Reuters) — The loading dates of cargoes of Forties crude, which help set the global Brent benchmark, have been delayed by at least two weeks and further hold-ups are likely, trade sources said, following the closure of the North Sea Forties pipeline for repairs.
Honeywell implements advanced process control at Bashneft refineries
MOSCOW — Honeywell Process Solutions (HPS) announced its advanced process control (APC) at the Bashneft oil refining complex (part of Rosneft Oil Company) has demonstrated high efficiency, paying for itself in the first year of operation.
Italmatch Chemicals acquires specialty chemicals company
GENOA, Italy — Italmatch Chemicals, a global specialty chemical group with leadership in the production and marketing of performance additives for industrial lubricants, water & process treatment, oil & gas, and plastics, has acquired Detrex Corporation, an American company headquartered in Cleveland (Ohio) and specialized, through its subsidiary The Elco Corporation, in the production of high performance lubricant additives, for industrial applications and high purity hydrochloric acid.
Ineos considers shifting refinery work due to Forties outage
LONDON (Reuters) — Ineos may bring forward maintenance work at its Grangemouth refinery in Scotland due to the unplanned outage at its Forties North Sea crude pipeline, which threatens to choke the plant's feedstock, industry sources said on Wednesday.
- Kumho Mitsui Chemicals to increase capacity of MDI production facilities 12/15
- ABS, Eneos, NYK Line and Seacor Holdings launch joint study to develop a methanol marine fuel supply network in the U.S. 12/15
- ENEOS accelerates AI-driven materials discovery of immersion cooling fluids and novel catalysts Using NVIDIA ALCHEMI 12/15
- SAMSUNG E&A wins FEED contract for nearly $5-B SAF plant in the U.S. 12/15
- KBR wins green ammonia project by IGNIS in Spain 12/15
- Phillips 66 announces $2.4-B capital budget for 2026 12/15
