Europe
OPEC in no rush on deeper oil output cut, to look at in July
LONDON (Reuters) — OPEC will not rush into making a further cut in oil output or end some countries' exemptions to output limits, OPEC delegates said, although a meeting in Russia next month is likely to consider further steps to support the market.
Gunvor refinery completes modernization project with Implico
HAMBURG/INGOLSTADT — Software and consulting company Implico announced the successful completion of a major modernization project for loading processes at the Gunvor refinery in Ingolstadt. Field equipment for tank truck filling was replaced on all 12 loading bays. Work on the project was completed early this year.
Total launches second ‘Plant 4.0’ incubator on IIoT with five new partners
PARIS — Total is today launching its second Plant 4.0 start-up incubator, joined this year by Air Liquide, AREVA, Eiffage, Solvay and VINCI Energies. This is the very first multicorporate Plant 4.0 start-up incubator in the world. The partners’ common goal is to accelerate the deployment of digital technology in industry.
Poland's PKN, Lithuania's railways to sign transport fees deal
WARSAW (Reuters) — The Lithuanian unit of state-run Polish refiner PKN, Orlen Lietuva, and Lithuanian railways firm Lietuvos Gelezinkeliai will on Wednesday sign an agreement in Vilnius ending a long dispute over PKN's costs for fuel transportation in Lithuania, Puls Biznesu daily said quoting unnamed sources.
Germany to create national diesel forum to cut emissions
BERLIN (Reuters) — Germany's transport and environment ministers announced a joint plan on Tuesday to find ways to reduce pollution from diesel engines, which has become a sensitive subject since the Volkswagen emissions scandal.
Oil holds above November lows but under threat from US supply
LONDON (Reuters) — Oil edged up for a third straight session on Monday, climbing off last week's seven-month lows but with gains capped by the relentless rise in US supply and bloated global inventories.
Wood Group extends Librestream collaboration on O&G digital solutions
Wood Group has signed an extension to its collaborative agreement with Canadian technology company Librestream Technologies to continue its exclusive industry partnership, providing advanced digitally-enabled solutions for oil and gas customers.
Berlin demands costly German recall of 12 MM diesel cars
BERLIN (Reuters) — Germany's Transport Ministry is in talks with car manufacturers about updating the engine management software of up to 12 MM diesel vehicles, people familiar with the talks told Reuters on Monday.
Tanker firm Frontline drops DHT pursuit and steers away from deals
OSLO (Reuters) — Oslo-listed oil tanker firm Frontline has abandoned its pursuit of New York-listed rival DHT Holdings and is not working on any alternative acquisitions, Frontline's CEO told Reuters on Monday.
Russia keeps top spot as China oil supplier in May, Angola pips Saudi again
BEIJING (Reuters) — For the third month in a row, Russia has maintained its spot as China's top crude oil supplier and Angola clung onto the second spot over Saudi Arabia, data from Chinese customs for May imports showed on Friday.
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- NOVA Chemicals commercializes two new recycled polyethylene grades 2/24
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