Economics
Uniper, thyssenkrupp Uhde partner to build large-scale ammonia cracker in Germany
thyssenkrupp Uhde and Uniper are entering into a strategic partnership to bring a key technology for global hydrogen trading to industrial maturity: the large-scale ammonia cracker. In a first step, a demonstration plant with a capacity of 28 tpd ammonia will be built at Uniper’s Gelsenkirchen-Scholven site in Germany.
Canada shift crude oil exports to China, an unintended consequence of U.S. energy tariffs
If there is a law of unintended consequences, then a good example is how commodity markets are adjusting to both the realities and the perceived threats of the tariff war launched by U.S. President Donald Trump. An example of this is seaborne exports of crude oil from Canada, which have shifted away from the United States and towards China, even though Trump backed away from his initial plan to impose a 10% tariff on energy imports from Canada.
Saudi Arabia's refining boom helps it weather oil price war
Saudi Arabia has been cranking up oil refining operations to capture strong profit margins, helping the kingdom offset revenue lost from declining crude prices and exports.
SOCAR, Gunvor, Bin Butti to bid for refiner Italiana Petroli
State Oil Company of Azerbaijan (SOCAR), global commodity trader Gunvor and Abu Dhabi-based Bin Butti Group are expected to submit binding offers for Italian oil refiner Italiana Petroli (IP) next week.
Saudi Aramco considers asset sales to free up funds
Saudi state oil giant Aramco is exploring potential asset sales to free up funds, as it pursues an international expansion and weathers lower crude prices.
Phillips 66's Los Angeles (U.S.) refinery layoffs to begin in December, sources say
Phillips 66 is expected to lay off most workers at its 139,000-barrel-per-day Los Angeles-area refinery in December.
Johnson Matthey to sell Catalyst Technologies business to Honeywell for £1.8 B
Johnson Matthey Plc. is pleased to announce that it has reached an agreement to sell its Catalyst Technologies business to Honeywell International Inc. at an enterprise value of £1.8 B on a cash and debt-free basis.
U.S. says there are significant undiscovered oil and gas resources in Wyoming
A new federal assessment has identified significant undiscovered, technically recoverable oil and gas resources in parts of Wyoming, Utah and Colorado, the U.S. Interior Department said on Wednesday.
Saudi Arabia crude exports fall to 5.754 MMbpd in March
Saudi Arabia's crude exports in March fell to 5.754 MMbpd from 6.547 MMbpd in February.
India's Russian oil imports hit 10-month high on strong demand for ESPO crude
India's Russian crude oil imports will hit close to 1.8 MMbpd in May, the highest in 10 months, ship tracking data from Kpler showed, after refiners snapped up more light grades such as ESPO Blend.
- 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
