Refining

Russia says refineries to postpone maintenance to saturate market

In September, Russia imposed a partial ban on diesel exports and extended a gasoline export ban, which applies to all exporters, until the end of the year.

UK sanctions Russia's Lukoil and Rosneft, targets shadow fleet

Lukoil and Rosneft were designated under Britain's Russia sanctions laws for what London described as their role in supporting the Russian government. They are subject to an asset freeze, director disqualification, transport restrictions, and a ban on British trust services.

Some Indian refiners to move away from Russian oil

India and China are the biggest buyers of Russian sea-borne crude, taking advantage of discounted prices Russia was forced to offer after losing sales to Europe following Moscow's invasion of Ukraine in 2022.

StormFisher Hydrogen acquires Recyclage Carbone Varennes to launch North America's first large-scale low-carbon methanol plant

Scheduled for operation in 2028, the facility will supply low-carbon fuels to global maritime, aviation, and chemical markets.

Indian-backed oil refinery in Mongolia should begin operations in 2028

Mongolia's first oil refinery is being built with a $1.7-B Indian line of credit and will have the capacity to process 1.5 metric MMtpy of crude oil, or 30,000 bpd.

Cognite to unleash next-gen industrial AI with NVIDIA

Cognite, a global leader in industrial AI, has announced that the Cognite Industrial AI and Data Platform, which includes Cognite Atlas AI™ and Cognite Data Fusion®, is now integrated with NVIDIA accelerated computing and software to unlock new levels of efficiency, intelligence and innovation for asset-heavy industries.

Strathcona Resources terminates takeover bid over for MEG Energy Corp.

Update: ExxonMobil restarts FCCU at Texas refinery

Study: Methane emissions from crude oil and gas supply chains significantly underestimated

Global methane emissions from oil production are now reported to be 15 times higher in International Energy Agency (IEA) data compared to IOGP figures, with discrepancies for Russia reaching 10-fold and for Saudi Arabia an astonishing 40-fold.

Sanctions-hit Nayara scrambles to sustain operations, with New Delhi's help

Shut out of many international markets because of crippling sanctions imposed by the European Union on July 18, the Russian-owned refinery has had to divert more fuel to the domestic market and find new export customers, among numerous workarounds, big and small, forced by the bloc's penalty.