Economics
Prada Group announces first investment in SAF credits in partnership with DHL Global Forwarding
Prada Group announces its first investment in SAF credits, utilizing DHL Global Forwarding’s GoGreen Plus service.
JX to join forces with Sumitomo at large scale SAF project in Louisiana (U.S.)
JX Nippon Oil & Gas Exploration Corporation and Sumitomo Corporation executed consortium agreements to manage investment in the Louisiana Green Fuels BECCS project at Port of Columbia, Caldwell Parish, Louisiana (U.S.).
ClassNK awards approval in principle for methanol fuel supply system developed by Mitsui E&S Shipbuilding
ClassNK reviewed Mitsubishi Shipbuilding's system conceptual design based on part A of its "Guidelines for Ships Using Alternative Fuels," integrating IMO Interim Guidelines, and issued the AiP upon confirming compliance with prescribed requirements.
Astrid Maersk arrives in Shanghai for first green methanol bunkering in China
Maersk achieved a milestone as the large methanol-enabled vessel “Astrid Maersk” berths at Yangshan port in Shanghai, for the first green methanol bunkering with simultaneous cargo and bunkering operations in China.
Maersk names second vessel of its large methanol-enabled fleet “Astrid Maersk” in Japan
In a ceremony held in Yokohama, Japan today, the world's second large methanol-enabled container vessel was named "Astrid Mærsk".
Singapore fuel oil stockpiles extend slide to five-week low
Singapore's onshore fuel oil stockpiles extended declines to a five-week low, although inventory levels continued to average higher compared to last month.
UAE's ADNOC recently eyed bp as takeover target, sources say
The United Arab Emirates' state-owned oil company recently considered buying Britain's bp but the deliberations did not progress beyond preliminary discussions.
Russian oil and products trapped on tankers hit by new Iran-related sanctions
Russian oil and products have become trapped at sea on four tankers after the U.S. hit the vessels with fresh Iran-related sanctions
Sinopec starts production at 3 MMtpy PTA plant
Chinese state-owned oil and gas giant Sinopec has started production at a 3 MMtpy PTA plant in eastern Jiangsu province.
Russia begins diesel exports to Sudan
Russia has begun diesel exports to Sudan as Moscow seeks new markets for its refined products after an EU embargo.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
