Refining
ADNOC and OMV advance formation of Borouge Group International AG
The formation of Borouge Group International AG, through the combination of Borouge Plc and Borealis, and acquisition of Nova Chemicals, is progressing according to plan, with the transactions close expected by the end of March 2026, subject to customary conditions.
Petrobras signs on with Baker Hughes for sweeping gas turbines service agreement
Baker Hughes has announced a substantial 60-month service award from Petrobras to support critical turbomachinery equipment for Brazil’s offshore operations as well as a major refinery.
Universal Fuel Technologies demonstrates fully drop-in synthetic aviation fuel using HEFA byproducts
Cambodia turns to Singapore, Malaysia for fuel as Vietnam, China restrict supplies
Vietnam and China have restricted fuel exports until at least the end of March to arrest potential domestic shortages. Cambodia and neighboring Thailand stopped fuel trade after the onset of an armed conflict in July.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
