South America
Neste, Braskem partner on supply of renewable and recycled feedstocks for polymers and chemicals production
Braskem will use more sustainable feedstocks from Neste to produce circular and bio-circular polymer resins and chemicals, which will be sold in South America under Braskem’s Wenew brand.
Petrobras inks deal to supply Vale with fuel with renewable content
Petrobras has agreed to sell diesel with renewable content to Vale in a deal that might also include the supply of other low-carbon fuels going forward.
Brazil: TotalEnergies sells its fuel distribution activities to SIM Distribuidora
TotalEnergies has signed an agreement to sell its fuel distribution activities in Brazil to SIM Distribuidora, a Brazilian company.
At least 21 injured in fire at Venezuela's La Salina oil terminal
At least 21 people including workers, neighbors and firefighters were injured on Tuesday in a fire at a crude storage tank in Venezuela's La Salina oil terminal, operated by state company PDVSA.
Trader Vitol sells Venezuelan oil to Indian refiners
Two Indian state refiners have bought 2 MMbbl of Venezuelan crude from trading house Vitol for November delivery, as shipments to what previously was Venezuela's second largest oil market continue to grow.
Exxon director joins Elliott group seeking to acquire Citgo Petroleum
ExxonMobil board director Gregory Goff recently joined a newly formed Elliott Investment Management-backed company seeking to acquire control of Venezuela-owned oil refiner Citgo Petroleum.
Catalytic cracker, distillation units at Venezuela's Amuay refinery resume operations
A catalytic cracker and two distillation units at Venezuela's Amuay refinery, the country's largest, have resumed operations following a power interruption earlier this month.
Global refiners face profit slump as new plants come online
Oil refiners in Asia, Europe and the U.S. are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand.
Venezuela's biggest refinery suffering power outage since Sept. 12
Venezuela's Amuay refinery, the country's largest, is almost completely offline following a power outage last week.
Colombia's diesel price hike leads to trucker strike and unrest
Colombia's decision to reverse a diesel price hike that sparked a strike by truckers could adversely affect public finances, as majority state-owned energy company Ecopetrol said it would begin shutting off some operations amid the unrest.
- South Korea's S-Oil says Q1 refining margins to stay robust 1/26
- Few refineries report problems as deep cold seizes U.S. Gulf Coast 1/26
- INEOS launches new Recycl-IN grade with 70% recycled content for greener packaging 1/26
- AES Andes abandons $10-B green hydrogen project in Chile 1/26
- Biofuels firm Ecoceres running new 420,000-tpy Malaysia plant at near full capacity 1/26
- NEXTCHEM and Siemens Energy cooperate to advance low-carbon fuel solutions and circularity 1/26
