Economics
Norway approves more than $18 B in oil, gas investments
Norway's government said it has given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of the country's strategy to extend production for decades to come.
Malaysia's Petronas sees domestic oil, gas output peaking by 2024
Malaysia's state energy firm Petronas sees its domestic oil and gas production peaking at about 2 million barrels of oil equivalent per day (boepd) by 2024, its exploration executives said.
Biden-Harris admin funds homegrown biofuels in California, investing in America agenda
U.S. Department of Agriculture Rural Development California State Director Maria Gallegos Herrera announced that USDA plans to invest up to $500 MM from President Biden’s Inflation Reduction Act to increase the availability of domestic biofuels and give Americans additional cleaner fuel options at the pump.
Axens builds on ExxonMobil MTBE Decomposition Technology for high purity isobutylene production
ExxonMobil Catalysts and Licensing LLC and Axens have signed an exclusive licensing alliance agreement allowing Axens to include ExxonMobil’s MTBE Decomposition Technology for high purity isobutylene in its portfolio.
BASF Venture Capital invests in startup DePoly SA
BASF Venture Capital GmbH announced an investment in the Swiss startup DePoly SA, a sustainable plastic solutions provider developing a unique chemical recycling technology.
Kent wins FEED contract for ExxonMobil’s large-scale plastic waste advanced recycling program
Kent has been appointed as the Front-End Engineering Design contractor for potential expansion of ExxonMobil’s advanced recycling facilities.
Lummus Technology and MOL Group establish partnership for advanced waste plastic recycling
Lummus Technology and MOL Group have announced their agreement to cooperate in the deployment and integration of chemical recycling of plastics at MOL's assets in Hungary and Slovakia.
BASF and thyssenkrupp Uhde cooperate to reduce greenhouse gas emissions
BASF and thyssenkrupp Uhde announced their cooperation in the marketing and further development of catalyst and process design for thyssenkrupp Uhde’s leading EnviNOx technology for N2O and NOx abatement.
INEOS Energy charters two LNG carriers to create virtual LNG pipeline from the U.S. to Europe
INEOS Energy Trading has today signed agreements with Mitsui O.S.K. Lines for two new build LNG carriers, to be used for the import of LNG into Germany from the United States.
Maersk orders six methanol-powered container vessels
Shipping group A.P. Moller-Maersk said it had ordered from China's Yangzijiang Shipbuilding Group six mid-size container vessels capable of running on green methanol.
- Topsoe and Sasol bring advanced SAF technology to Allied Biofuel’s landmark project in Uzbekistan 7/14
- Siemens Energy begins preparations for the launch of an independent brand 7/14
- Emerson helps Romania’s largest refinery reduce control system alarms by over 95% 7/14
- Bunker One executes Latin America's first bioethanol bunkering of a deep-sea container vessel 7/14
- Kognitiv Spark advances the future of connected field worker collaboration 7/14
- EIA: Global LNG trade volumes reached record high in 2025 7/14
