Gasoline
California ban on gas & diesel cars and trucks should concern every American
“California’s radical ban on gasoline- and diesel-fueled cars and trucks will have devastating implications for consumers, energy security and the U.S. manufacturing economy. "
TotalEnergies Marine Fuels completes COSCO SHIPPING Lines’ first bunkering of marine biofuel
TotalEnergies Marine Fuels has successfully completed the first refueling of a COSCO Shipping Lines containership with sustainable marine biofuel. This operation marks TotalEnergies’ first biofuel bunkering operation for a containership in Singapore.
U.S. court upholds Conoco's $8.7 B award for loss of Venezuela assets
A U.S. court upheld a tribunal's $8.75 B award to U.S. oil producer ConocoPhillips over the expropriation of its Venezuelan oil assets, granting a default judgment in the case.
Brazil's antitrust watchdog postpones decision on Petrobras' refinery sale
Brazil's state-run oil company Petrobras said it has signed a contract to sell the REMAN refinery in the northern state of Amazonas for $189.5 MM to Ream Participações S.A., a subsidiary of distributor Atem.
API statement on House passage of the Inflation Reduction Act
"While the Inflation Reduction Act takes important steps toward new oil and gas leasing and investments in carbon capture and storage, it falls well short of addressing America’s long-term energy needs and further discourages needed investment in oil and gas..."
How China manages refined fuel exports
China's refined fuel exports are likely to sink in 2022 to the lowest in seven years as the country seeks to maintain ample domestic supplies while refinery output posts a rare decline.
History of the HPI: The 1990s: Clean fuels and emissions mitigation, M&A, GTL and the fieldbus wars
Much like several initiatives passed in the 1970s and 1980s, the 1990s were a decade heavily focused on environmental issues, with many new regulations being enacted to not only mitigate industrial and vehicle emissions but also to advance the production of clean fuels globally.
U.S. Department of Energy announces $32 MM to reduce methane emissions from oil and gas sector
The U.S. Department of Energy announced up to $32 MM in funding toward the research and development of new monitoring, measurement, and mitigation technologies to help detect and reduce methane emissions across oil and natural gas producing regions.
The downstream rundown: In case you missed it 08/05
In case you missed any downstream news, here are the top stories from last week.
Online Exclusive: How chemical manufacturers can navigate inflation
At the macroeconomic level, inflation will influence M&A through its impact on monetary policy and financial markets.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
