Storage
European glut weighs on global gasoline margins
Gasoline stocks in Europe have hit a record high as exports dropped due to higher refinery runs in the U.S. and Nigeria, resulting in gasoline profit margins at European and U.S. oil refineries falling to a 15-month low in January.
Ammonia decomposition—Hydrogen carrier value chain
Ammonia (NH3) is emerging as one of the most promising H2 carriers, offering solutions to several critical challenges associated with H2 storage and transportation. As H2 is increasingly recognized as a pivotal component in the transition to a carbon-free energy future, efficient storage and transportation systems have become crucial for its widespread adoption.
Monetizing carbon capture, transport and storage
At the time of this publication, Gulf Energy Information’s Global Energy Infrastructure (GEI) database was tracking more than 440 active carbon capture projects around the world. These projects include carbon capture projects, hubs and storage facilities. An alternative market for the captured carbon and subsequent credits are the commitments by companies to reduce overall emissions, or even achieve net-zero operations. Such a company may choose to purchase CO2 removal credits to offset their emissions. These credits can be generated and sold by capturing emitted carbon and permanent sequestration. For either system to work, a digital trail must be accurate for companies to buy and sell carbon, as explained in this work.
Mabanaft to convert tanks at the Port of Hamburg to methanol storage
Mabanaft plans to convert four of its tanks at the Blumensand tank terminal in the Port of Hamburg over the next two years to methanol and facilitate the import of low-carbon methanol to northern Germany.
Oman Oil Marketing Co. and TFG Marine establish bunker fuel supply JV
Oman Oil Marketing Co. (OOMCO) and TFG Marine, a leading international marine fuel joint venture (JV) founded by Trafigura, Frontline and Golden Ocean, have established a bunker fuel JV to supply vessels visiting Oman’s ports of Duqm, Muscat and Sohar.
EIA: U.S. crude stocks fall, gasoline and distillate inventories rise
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.
Poland's Orlen plans to invest up to nearly $92 B by 2035
The company aims to meet all of Poland's domestic natural gas demand over the next decade by increasing production and boosting LNG contracting, as well as adding gas-fired power generation capacity, energy storage and other infrastructure.
EIA: U.S. crude stocks fall, fuel inventories rise
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.
Xodus Group environmental statement supports Northern Endurance Partnership move to financial close
A key planning document, developed by Xodus Group, helped to pave the way for a major carbon capture and storage (CCS) project to become the UK’s first to reach financial close.
EIA update: U.S. crude stocks fall, gasoline and distillate inventories rise
U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending December 27, the U.S. Energy Information Administration (EIA) said on Thursday.
- Petron to use Verdagy's electrolyzers to power its biorefinery for SAF, renewable diesel and e-methanol production 1/23
- Evonik, Oerlikon Barmag partner to promote chemically recycled PET 1/23
- Ren-Gas selects MAN Energy Solutions’ methanation technology for its Tampere eMethane plant 1/23
- Mitsubishi integrates phased array ultrasonic testing into steam turbine maintenance 1/23
- European glut weighs on global gasoline margins 1/23
- India's BPCL sees March Russian oil intake down 20% as it awaits offers 1/23
