Economics
Nigeria's NNPC allocates four February crude oil cargoes to Dangote refinery
Nigeria's state oil company NNPC is expected to supply four crude cargoes from its February program to the $20-B Dangote refinery, which is poised to begin operations after years of construction delays.
thyssenkrupp Uhde signs Master Agreement with Ma’aden and Metso on phosphogypsum recycling and CO2 capture project
thyssenkrupp Uhde has signed a master agreement with Ma’aden for the development, engineering and licensing of a calcination plant for phosphogypsum processing.
8 Rivers announces Cormorant Clean Energy Project, the first commercial deployment of 8RH2 ultra-low carbon hydrogen technology
The ultra-low-carbon ammonia production facility located in Port Arthur, Texas will produce an estimated 880,000 tons of ammonia per year and accelerate decarbonization of transportation, industrial processes, and agriculture across the Gulf Coast region.
China's oil production rises to 208 MMt in 2023
China's crude oil production rose to 208 MMt in 2023, equivalent to 4.16 MM bpd.
Oil tankers continue Red Sea movements despite Houthi attacks
Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants.
Nigeria's Dangote refinery set for test runs after getting more crude
Nigeria's Dangote oil refinery could begin test runs as early as this week after receiving a sixth crude cargo, company officials said, finally bringing the 650,000 bpd plant to life after years of construction delays.
Brazil's Cape Igarassu chlor-alkali plant is greener with thyssenkrupp nucera's BM2.7 technology
Cape Igarassu, a company managed by Chlorum Solutions, is converting its chlor-alkali plant in Igarassu in the Brazilian metropolitan region of Recife to a more environmentally friendly and safe solution for the supply of chlorine and its derivatives.
KBR green ammonia technology selected by Lotte Chemical Corporation for H2biscus Project in Malaysia
KBR announced that its K-GreeN technology has been selected by a consortium consisting of Lotte Chemical, Korea National Oil Corp and Samsung Engineering for Lotte Chemical's H2biscus green ammonia project development in Sarawak, Malaysia.
ADNOC makes strategic investment in Storegga, broadening its carbon management portfolio
ADNOC announced it has taken a 10.1% equity stake in Storegga to become a lead investor in the UK-based company that focuses on the development of global carbon capture and storage projects.
India's ONGC sees oil production rise 11% after east coast block starts output
India's Oil and Natural Gas Corp said it expected total oil output to climb 11% after its project off the country's east coast started producing oil.
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- Valmet to deliver Valmet DNA DCS to a bio-based process plant in Portugal 7/2
- EIA: U.S. crude and gasoline inventories rise, distillates draw down 7/2
- Indonesia's Pertamina seeks spot gasoline, including Singapore cargoes 7/2
