Refining
Indian Oil to invest $7 B in naphtha cracker project
Indian Oil Corp. (IOC) will invest 610 B rupees ($7 B) to establish a naphtha cracker project in Paradip in the eastern state of Odisha.
Mexico's oil and gas output drops to lowest level all year in November
Mexico's production of liquid hydrocarbon and natural gas in November fell to the lowest levels recorded all year and was well below last year's averages.
Portugal's Galp plans to start producing biofuels in 2026
Portugal's Galp Energia expects to start producing biodiesel and biojet fuel from waste in an industrial-scale unit it is building at its Sines refinery in 2026.
Prax and Shell call off deal on stake in PCK Schwedt oil refinery
Prax and Shell have decided not to proceed with the sale of Shell's share in the PCK Schwedt oil refinery in Germany to Prax.
Nigeria's Dangote Refinery hits 85% refining capacity
Nigeria's Dangote Refinery is now operating at 85% capacity and is on course to deliver European-standard products by January, an executive said on Friday.
India's BPCL buys first Argentinian crude oil cargo for Feb. delivery
India's Bharat Petroleum Corp Ltd. (BPCL) has bought its first crude oil cargo from Argentina, two trade sources said on Friday, part of the company's effort to diversify the grades processed at its refineries.
Sinopec's Zhenhai oil refinery expands capacity to 40 MMtpy
Sinopec's Zhenhai refinery has completed its expansion of oil refining capacity to 40 metric MMtpy, or about 800,000 bpd.
Oil via Russia's Druzhba pipeline halted by technical problems
Russian and Kazakh oil flows to Hungary, Slovakia, the Czech Republic and Germany via the Druzhba pipeline have stopped since Thursday due to technical problems at a Russian pumping station.
Verde Clean Fuels receives $50-MM investment from Cottonmouth Ventures for the potential development of GTG plants in the Permian Basin (U.S.)
Proceeds from the investment are expected to be used to further the development and construction of potential natural gas-to-gasoline production plants in the Permian Basin (U.S.). The proposed plants would produce fully-refined gasoline utilizing Verde’s patented STG+® process from associated natural gas feedstock supplied from Diamondback's operations in the Permian Basin.
India to surpass China as the top source of global oil consumption growth in 2024 and 2025
India has emerged as the leading source of growth in global oil consumption in 2024 and 2025, overtaking China this year, according to the U.S. EIA's December Short-Term Energy Outlook.
- AFPM response to U.S. EPA actions on RFS small refinery waiver backlog 8/25
- Indonesia urges EU to remove biodiesel import curbs after WTO ruling 8/25
- Canada's Alberta eyes investment in Japan's refining to boost oil exports 8/25
- U.S. EPA approves biofuel waivers for small refiners, stirring concerns over demand 8/25
- Update: Russian oil supplies to Slovakia may resume as soon as today 8/25
- Liquid Sun launches eSAF production pilot with ABB, Finnair, Fortum and Finavia 8/25
