U.S.
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.
U.S. speeds up purchasing for Strategic Petroleum Reserve as oil prices dip
U.S. President Joe Biden's administration said on Friday it has increased purchasing of crude oil to replenish the Strategic Petroleum Reserve following its historic sale from the stockpile in 2022.
Cerilon GTL advances engineering work, with FID scheduled for mid-2026
Cerilon announced today that it has successfully completed front-end-loading (FEL 2) for its gas-to-liquids (GTL) facility in North Dakota and is moving into front-end engineering design (FEED), the last stage before the company makes a final investment decision (FID) for its foundational GTL project.
Element Fuels readies site for H2-powered refinery in south Texas (U.S.)
Located within the Port of Brownsville, the complex is designed to exclusively process domestic high-gravity shale oil into high-octane, low-carbon fuels and low-carbon hydrogen, produce reliable electricity.
Technip Energies, Turner Industries awarded contract by ExxonMobil for Louisiana CCS project (U.S.)
Technip Energies, in consortium with Turner Industries, has been awarded the engineering, procurement and construction (EPC) contract by ExxonMobil Low Carbon Solutions Onshore Storage LLC. Technip Energies will oversee the engineering and procurement while Turner Industries will be responsible for the construction.
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.
Lummus Technology takes lead position in RWDC Industries, accelerating development of first commercial-scale PHA facility
Lummus Technology has taken a lead investor position in RWDC Industries' convertible bond round, further strengthening the partnership between the two companies to bring polyhydroxyalkanoates (PHA) to the global market.
KBR, Sumitomo form technology licensing alliance for sustainable propylene oxide production
KBR and Sumitomo Chemical announced that they have signed an alliance agreement to make KBR an exclusive licensing partner for Sumitomo Chemical's state-of-the-art propylene oxide by cumene (POC) technology.
DuPont announces plan to separate into three separate companies
DuPont announced a plan to separate into three distinct, publicly traded companies.
EIA: U.S. crude stocks, gasoline and distillate inventories rise
U.S. crude stocks, gasoline and distillate inventories rose last week, the U.S. Energy Information Administration (EIA) said on Wednesday.
- Axens tapped for 3 new Vegan® licenses for SAF and renewable diesel production 1/8
- Neste, KPI OceanConnect and Global Energy collaborate for first delivery of Neste MY Renewable Diesel to Singapore marine sector 1/8
- Neste, Bayer collaborate to develop novel vegetable oils for possible renewable fuels production 1/8
- EIA: U.S. crude stocks fall, fuel inventories rise 1/8
- Sinopec's Zhenhai refinery says fire at crude unit has been put out 1/8
- U.S. Gulf Coast fuel oil imports hit record low as Latin America deliveries slow 1/8
