Europe
Business Trends: Anticipated market and pricing impacts from new marine fuel regulations
In October 2016, the International Maritime Organization (IMO) announced that it will implement a new regulation that calls for the sulfur content in marine fuels to be reduced from 3.5% to 0.5%. The new regulation will go into effect in January 2020. This action by the IMO will have a profound impact on the maritime and refining industries worldwide, as well as on the environment. This month’s Business Trends section provides an overview on the anticipated impacts of the IMO’s decision on petroleum product markets.
Industry Perspectives: Global desulfurization capacity to skyrocket over the long term
According to OPEC’s World Oil Outlook 2016, desulfurization capacity additions represent the largest capacity increases among all process units to 2040. This trend is due to increased regulations on the amount of sulfur allowed in transportation fuels.
Refining: Europe’s refineries: Walking dead or happy valley?
Unloved and increasingly unneeded, Europe’s oil refining sector has been under duress for an astonishing four decades.
Editorial Comment: The future of refining lies in clean fuels
Each year, <sub>Hydrocarbon Processing</sub> devotes an issue to the topic of clean fuels—and rightly so. As the world continues to welcome more vehicles on the road, and as emerging economies invest in civil, industrial and energy projects, global fuels demand is forecast to increase through the end of the decade.
Neste sells Pietarsaari terminal to Swedish company Wibax Ab
Neste has sold its terminal in Pietarsaari to the Swedish company Wibax Ab. The terminal has not been used for Neste's own operations for many years because the tanks and other facilities are not suitable for storing oil products without investments.
GE O&G '17: Snam CEO foresees LNG boost from 30 new markets
FLORENCE, ITALY—Near the conclusion of GE Oil & Gas' Annual Meeting 2017, Marco Alverà, CEO of Snam Group, spoke on Tuesday about fueling the future with natural gas.
GE O&G '17: Oil and gas execs tout need for digitization, data analytics
FLORENCE, ITALY—During a late-morning panel discussion on the second day of GE Oil & Gas' Annual Meeting 2017, representatives from GE Oil & Gas, Aker BP, Woodside, Petronas, RasGas and SBM Offshore discussed how digitization and big data are driving trends in the oil and gas industry.
GE O&G '17: Reliance Industries CIO talks digital optimization, big data
FLORENCE, ITALY—Manoj Chouthai, CIO of Reliance Industries Ltd., spoke about the digital optimization of his company's operations on the second day of GE Oil & Gas' Annual Meeting 2017.
Oil steady as rising US output offsets OPEC-led cuts
LONDON (Reuters) -- Oil prices steadied on Tuesday as rising US drilling activity helped undermine efforts by OPEC and other producers to cut output to try to prop up the market.
Sulfur-rich crudes, usually discounted, shine after OPEC cuts
LONDON (Reuters) -- Efforts to stem the world's surplus of crude oil have thus far only moderately balanced the market -- but have turned typically lower-quality crude into the most sought after barrels.

- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22