Economics
HIF Global awarded first U.S. approval for e-Fuels design pathway
HIF Global announced that it has been awarded the first U.S. approval for an e-Fuels pathway. The Tier II Design Pathway Certification, granted under the California Air Resource Board’s (CARB) Low Carbon Fuel Standard (LCFS) Program, strengthens the market for e-Fuels production.
ADNOC eyes international listing of XRG
Abu Dhabi National Oil Company is considering listing its international investment arm XRG on an exchange outside of the United Arab Emirates, potentially creating one of the largest listed energy companies globally.
PetroChina in preliminary agreement with Germany's Mabanaft on expanding fuel sales to Europe
PetroChina International's London unit signed a preliminary agreement with German energy company Mabanaft to expand sales of Chinese refined fuel products to Europe, the Chinese state oil and gas trader said.
Morocco approves green hydrogen projects worth $32.5 B
A Moroccan government committee approved green hydrogen projects aiming to produce ammonia, steel and industrial fuel worth a total of 319 billion dirhams ($32.5 B).
U.S. estimates it will take $20 B and years to refill strategic oil reserve
U.S. Energy Secretary Chris Wright estimates it would take $20 B and years to accomplish President Donald Trump's goal of refilling the Strategic Petroleum Reserve to its maximum capacity, the U.S. Energy Department said.
China SAF plants push back start-up amid lack of policy
Several Chinese builders of sustainable aviation fuel (SAF) plants are postponing start up as a lack of government policy guidance restrains them from marketing the fuel domestically or exporting it.
Cosmo to launch Japan's first sustainable aviation fuel production
Cosmo Energy Holdings is set to launch Japan's first domestic production of sustainable aviation fuel in April, a step toward the country's goal of replacing 10% of jet fuel with a cleaner alternative, though cost-cutting challenges remain.
North Ammonia, Höegh Evi to explore a clean ammonia supply chain from Norway to Europe
North Ammonia, a developer of renewable fuels of non-biological origin (RFNBO) ammonia facilities in Norway, and Höegh Evi, a global leader in marine energy infrastructure, have signed an agreement to explore a value chain for supplying hydrogen to European industrial users using green ammonia produced in Norway.
Citgo Petroleum's profit plummeted to $305 MM in 2024
Venezuela-owned U.S. refiner Citgo Petroleum reported on Thursday a $305-MM net income last year, below the $2-B profit of 2023, following a $146-MM loss in the fourth quarter.
Sparta Commodities launches advanced fuel oil intelligence tools to empower global traders
Designed specifically for traders and analysts, this new vertical introduces live blending intelligence, dynamic arbitrage tracking, and AI-driven analytics, providing actionable intelligence across global fuel oil blending and bunkering hubs.
- Chiyoda, AVEVA forge strategic partnership to power plantOS with AVEVA CONNECT 6/27
- SABIC announces closure of Olefins 6 facility in Teesside, UK 6/27
- LyondellBasell's polyolefin technologies selected by SHCCIG Yulin for petrochemicals complex in China 6/27
- Damaged unit of Iran's South Pars refinery back operating 6/27
- hte conducts research for JGC to advance decarbonization by identifying suitable catalysts for ammonia cracking 6/26
- TES and CPC Finland to develop 500-MW e-NG project in Finland 6/26
