South America
EIA: Global oil market will be in supply deficit next year
Global oil demand will outpace supply next year, the U.S. Energy Information Administration (EIA) said on Tuesday, reversing a prior forecast for a surplus.
New DNV survey highlights oil and gas sector paradox
The latest DNV survey, “The Paradox of Petroleum—How the oil and gas sector is transforming through uncertainty,” gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector.
Global Project Data
Spotlight on Asia
bp to acquire full ownership of bp Bunge Bioenergia while refocusing plans for new biofuels projects
bp has agreed to acquire Bunge’s 50% holding interest in its bp Bunge Bioenergia S.A. joint venture, one of Brazil’s leading biofuels-producing companies.
Red Sea ships attacks push 47% more crude oil, fuels, refined products around Africa
Global crude oil and oil products shipments taking the long route between Asia, the Middle East and the West are up 47% since attacks began on vessels using the shorter Red Sea route.
Consortia target Citgo's Texas refinery as auction deadline looms
Citgo Petroleum's smallest and least profitable oil refinery has been thrust into the spotlight as a potential breakout candidate ahead of next week's court auction to pay over $20 B in Venezuela-related claims.
Goldman Sachs: Global LNG market to grow by 50% by 2029
Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.
Brazil's Raizen launches second-generation ethanol plant, mulls new contracts
Brazil's Raizen inaugurated its second cellulosic ethanol plant as part of a plan in which four more production units will be opened by the 2025/26 harvest.
HIF Global selects Johnson Matthey’s methanol technology for the largest e-methanol plant in South America
Johnson Matthey has been selected by HIF Global as the methanol licensor for HIF Global’s $4-B Paysandú eFuels project in Uruguay, the largest e-methanol plant in South America.
HIF Global secures nearly $165-MM in investments to develop eFuels
HIF Global announced a combined investment from existing shareholders and the Japanese energy company Idemitsu Kosan, securing $164 MM to fund its eFuels projects.
- Petrobras wrapping up due diligence to buy back refinery from Mubadala 7/26
- US court rejects EPA denials of 2022 small refinery biofuel waivers 7/26
- Mexico seeks more 2025 fuel import deals after refinery delays 7/26
- PETRONAS, Eni and Euglena reach FID to construct a biorefinery in Malaysia 7/26
- ExxonMobil signs carbon capture agreement with CF Industries in Mississippi (U.S,) 7/26
- WoodMac: LNG truck sales impacting Chinese road diesel demand 7/26
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
