Refining
Russia's Ryazan oil refinery partially resumes operations
Russia's Ryazan oil refinery partially resumed oil processing and loading of motor fuels to railway tanks on February 11 after staying idle for 18 days.
U.S. Republican senators call for $1,000 tax on new EV sales to pay for road repairs
A group of Senate Republicans on Wednesday proposed a $1,000 tax on new electric vehicle purchases to account for the cost of federal road repairs. Most revenue for federally funded road repairs is collected through taxes on diesel and gasoline, which EVs do not pay.
Chevron to lay off up to 20% of global workforce
Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said, as it seeks to cut costs, simplify its business and complete a major acquisition.
MOL Group successfully tested the production of HVO and SAF at Eastern European refinery
MOL Group has produced a diesel fuel containing hydrotreated vegetable oil and sustainable aviation fuel at its refinery in Slovnaft, Bratislava, readying the production of alternative synthetic fuels, which is part of the company’s long-term SHAPE TOMORROW strategy.
Pacific Future Energy officially cancels refinery project in British Columbia, Canada
Pacific Future Energy has officially cancelled its proposal to build a 200,000-bpd refinery on the West Coast of Canada aimed at exporting refined petroleum products to Asia.
Alternative Chinese terminals emerge to take in sanctioned tankers
A handful of newer Chinese terminals recently began receiving oil tankers sanctioned by the U.S., according to five sources and shipping data, providing logistics relief after a major port operator unexpectedly banned such deliveries last month.
Finland's Neste to slash around 600 jobs as quarterly core profit slumps on excess renewable fuel supply
Finnish oil refiner and biofuel maker Neste will slash around 600 positions as excess supply in the renewable fuel market caused a slump in quarterly core profit.
Magnon project in Huelva to capture biogenic CO2 to produce renewable fuels
Magnon Green Energy, the Ence Group’s energy subsidiary, is promoting a pioneering project for the capture and recovery of biogenic carbon dioxide (CO2) at its biomass-based renewable electricity generation plant in Huelva, Spain.
PBF refineries to operate up to 76% of capacity in Q1
Independent U.S. refiner PBF Energy plans to operate its seven refineries up to 76% of their combined production capacity of 1 MMbpd in the first quarter of 2025.
Honeywell, AM Green collaborate to advance carbon capture and sustainable aviation fuel In India
Honeywell and AM Green signed a memorandum of understanding during India Energy Week 2025 to assess the techno-economic feasibility of producing sustainable aviation fuel from ethanol, green methanol from various carbon dioxide emission sources, and green hydrogen.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
