Economics
Lummus launches ethanol-based SAF technology
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the commercial availability of its ethanol to SAF process technology.
Nigerian state oil company says Eni unit did not obtain its consent in Oando sale
Nigerian state oil firm NNPC Ltd says a subsidiary of Italy's Eni did not obtain its consent prior to announcing a deal to sell onshore oil assets to local firm Oando PLC, a failure that could have breached terms of a joint operating agreement.
Oil falls as concerns about China outweigh extended cuts
Oil prices eased as an uncertain economic outlook for China outweighed expectations of tighter supplies from extended supply cuts in Saudi Arabia and Russia.
Net Zero: Saipem launches Bluenzyme, the most sustainable solution for CO2 capture
Saipem has launched Bluenzyme with the release of the first industrialized product, Bluenzyme 200, a ready-to-use package aimed at small and medium emitters, which has a nominal capture capacity of 200 tons of CO2 per day.
Online Exclusive: Advanced hydrocracking unit flow scheme optimization and integration approach to maximize refinery margins for a residue upgrading project
The integration of a solvent deasphalting (SDA) and hydrocracking upgrading complex provides a favorable techno-economic return for residue upgradation at relatively lower capital expenditures vs. other alternatives for a brownfield project.
U.S. airlines flag high fuel costs, Southwest's August bookings disappoint
Southwest Airlines flagged softer August leisure bookings and joined two other U.S. airlines in warning of higher fuel costs in the third quarter due to a jump in crude prices.
Oil prices shuffle back as markets shrug off supply jitters
Oil prices reversed course after rising over 1% in the previous session, on a firmer dollar and as investors shrugged off jitters arising from supply cuts from Saudi Arabia and Russia.
Russian farm minister says fuel shortages threaten harvest and sowing
Russian Agriculture Minister Dmitry Patrushev said that fuel shortages threaten to disrupt autumn harvesting and sowing and urged a suspension of petroleum product exports, Interfax news agency reported.
India's August fuel consumption perks up on strong manufacturing
India's fuel consumption in August inched up from a 10-month low as strong factory activity in the world's third-biggest oil importer and consumer offset the usual monsoon lull.
Biden admin to delay SAF subsidy guidance until December
President Joe Biden's administration likely will delay until December a decision on whether to make it easier for SAF made from corn-based ethanol to qualify for subsidies under the White House's signature climate law.
- 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
