Europe
Outlook bleak for Europe, US refiners at end of dismal year
A dismal year for the European and US refining market is set to end on a sour note as profit margins are squeezed by high oil prices and lackluster product demand.
Russia’s Novatek to double gas output by 2020
Russian natural gas producer OAO Novatek expects to more than double output to around 115 billion cubic meters a year by 2020, according to company officials.
Eni CEO: Italy can cope with EU ban on Iran crude
Italy could cope with a potential European Union ban on Iranian crude imports, the top executive of Italian oil major Eni said Thursday, but added that oil payments from the Islamic republic were more of a concern if an embargo was imposed. The EU is mulling an oil embargo against Iran as a sanction against the country's nuclear program.
Chevron to spend record $32.7 billion on capital projects in 2012
Chevron said it expects to spend a record $32.7 billion on capital projects in 2012 as it continues to invest in massive oil and gas projects worldwide. Rivals ConocoPhillips and Marathon Oil recently announced double-digit capital budget increases for next year, showing major oil companies are confident about the sustainability of high oil prices.
IEA says nations must act independently on climate
With little hope for significant progress on a major international climate agreement at this week's climate negotiations, nations must take it upon themselves to reduce emissions and mitigate climate change, the head of the IEA said Tuesday. To limit rising temperatures to an average of 2 degrees Celsius, global growth would have to come with just a 20% rise in emissions in the years ahead, she said.
Iran says EU ban on crude imports to hurt Europe
Iran doesn't expect Europe to follow through on its threat to ban imports of oil from the Islamic republic because it would hurt the euro zone's energy security.
Shale gas gives rise to era of energy independence
A boom in shale gas output has lifted US gas supplies to record levels, creating an environment to sustain low prices and offering a new era in energy independence.
Optimize capacity for large ethylene oxide reactors
Many factors must be considered in fine-tuning unit design
Selecting the right steam methane reformer: Can vs. box design
Simulating various configurations and cost estimates aids in the selection of a steam methane reformer for hydrogen production
Investment roadmap: Planning for carbon capture and storage
Reducing emissions can be approached with a similar method to any other new capital project
- Envision sets sail with world's first commercial green ammonia cargo to South Korea 2/27
- Eni takes FID on biorefinery conversion project in Sannazzaro 2/27
- Valmet launches Valmet FlexBatch 8, the latest version of its advanced batch automation and recipe management software 2/27
- AFPM to the U.S. EPA: Please, no last-minute RVP waivers in 2026 2/27
- Druzhba pipeline carried Ukrainian and Russian oil before January attack 2/27
- Motiva buys cargo of Venezuelan heavy oil for March delivery; first purchase since 2019 2/27
