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Economics

Croatia's Janaf, MOL sign transport deal for 500,000 tons of crude

Croatia's oil pipeline operator Janaf has signed a transport agreement with Hungary's energy group MOL for shipments of 500,000 tons of crude on the Adriatic pipeline.

EU countries set to finalize first green aviation fuel goals

European Union countries are set to finalize targets for airlines to increase their use of sustainable fuels as an initial step towards curbing CO2 emissions from aviation, a final version of the law showed.

Reliance courts Indian diesel market with cheaper supply

India's Reliance Industries Ltd has turned its sights on the domestic market, offering a high-performance diesel at a lower price than fuel sold by state-owned retailers, the operator of the world's biggest refining complex said.

Summit Next Gen to use Honeywell Ethanol-to-Jet Fuel technology for production of SAF

Honeywell today announced that Summit Next Gen will create a sustainable aviation fuel production platform using Honeywell Ethanol-to-Jet Fuel processing technology.

Venezuela's PDVSA to ramp up refining by 20% in 2023

Venezuelan state energy company PDVSA's new management expects to boost the country's oil production to 1.17 million bpd by year end while increasing refining and exploration activities, an internal planning document showed.

Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy

Technip Energies is pleased to announce that a joint venture, led by Technip Energies in partnership with Consolidated Contractors Company, has won a major Engineering, Procurement, Construction and Commissioning contract by QatarEnergy for the onshore facilities of the North Field South Project.

ORLEN PoĊ‚udnie plant makes propylene glycol production more sustainable based on BASF technology

ORLEN Południe has recently concluded the first year of operation of its BioPG plant, converting glycerol, a by-product of biodiesel production, into renewable propylene glycol.

Samsung Engineering and OMV sign MoU to jointly develop sustainable projects based on modularization

Samsung Engineering and OMV announced the signing of an MoU to cooperate on projects from the early development stage.

US pipeline operator ONEOK moves into oil, products with $18.8-B Magellan deal

ONEOK Inc agreed to buy U.S. pipeline operator Magellan Midstream Partners in a cash-and-stock deal valued at about $18.8 B including debt, bringing natural gas-focused ONEOK into transporting refined products and oil.

Singapore April bunker sales hit three-month high on better prices

Sales of marine fuel, also known as bunker fuel, hit three-month highs in the world's biggest refueling hub Singapore in April as prices were more competitive than regional ports.