Economics
Proactive Decision-Making for Emissions Management: The Roadmap to Net Zero
Industry leaders have committed to achieving net-zero carbon emissions by 2050.
India defers $602-MM plan to fill parts of strategic petroleum reserve
India has deferred a $601.78 MM plan to fill parts of its strategic petroleum reserve, keeping in mind emerging trends in oil markets.
China's 2023 low-sulfur marine fuel exports up 3% from 2022
China's exports of low-sulfur marine fuels last year rose 3.2% from 2022.
OMV, ADNOC to iron out terms of deal for chemicals tie-up
Abu Dhabi National Oil Co and Austria's OMV are poised to resume talks to agree final terms of a tie-up that would create a chemicals group with more than $20 B in combined annual sales.
Operations at damaged Russian fuel complex seen resuming within weeks
Russian energy company Novatek is likely to resume large-scale operations at its Ust-Luga processing complex and Baltic Sea terminal within weeks, following a suspected drone attack seen disrupting naphtha flows to Asia
Saudi's SABIC gives go-ahead for $6.4-B China petrochemical plant
Saudi Basic Industries Corp will go ahead with building a petrochemical complex in southeastern China's Fujian province, shoring up Saudi ties with China, the world's top oil importer.
Biden administration taking heat from all sides over Louisiana LNG project
The Biden administration faces mounting pressure over whether to approve a massive new Louisiana LNG export project, with environmentalists saying the facility would undermine U.S. climate goals and business interests arguing it is essential for global energy security.
Riding the wave of transition to a sustainable chemical industry
The chemical industry has shown resilience in addressing economic turbulence and supply chain disruptions after the COVID 19 pandemic.
Norsk e-Fuel closes e-fuels agreements with Norwegian Air Shuttle and Cargolux
Norsk e-Fuel achieved key partnership milestones by finalizing substantial agreements for offtake and investment, securing commitments from international airlines Norwegian Air Shuttle and Cargolux Airlines International S.A. to purchase fossil-free aviation fuel.
Azure announces plans to develop SAF-focused renewable fuel production facility in Canada
Azure Sustainable Fuels Corp. continues to reach milestones in its development of a renewable fuel production facility in Canada that will produce approximately 20,000-bpd of predominantly SAF with first production targeted for 2027.
- 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
