Refining
Spanish oil company Moeve's profit falls on blackout impact
The company attributed the core profit decline mainly to the cost of halting and restarting its two oil refineries during and after the April 28 blackout.
EU-sanctioned Indian refiner Nayara takes Microsoft to court over outage
Russia-backed Indian refiner Nayara Energy Monday said it has started legal proceedings against Microsoft following the abrupt and unilateral suspension of critical services by the U.S.-headquartered software giant.
U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses
The shake-up in trade flows reflects a shortage of medium and heavy crude grades at the key Gulf Coast refining hub, which has struggled in recent months to secure adequate supplies amid Mexican production and quality challenges, and Washington's pressure strategy on Venezuela's sanctioned energy industry.
CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions
The reshuffle at the top is the latest disruption for the company since the EU announced a new round of sanctions last Friday directed at Russia over its war in Ukraine.
PetroChina makes FID for new northeast refinery complex
The new complex comprises a 200,000-bpd crude oil refinery, a 1.4-metric MMtpy ethylene complex as well as a variety of downstream petrochemical units such as polyethylene, polypropylene and polyolefin elastomer.
Valero Energy beats Q2 profit estimates as refining margins improve
Refiner Valero Energy beat Wall Street estimates for second-quarter profit as a rebound in refining margins helped cushion the loss in its renewable diesel unit.
SWISS becomes world’s first airline to integrate Synhelion solar fuel into its flight operations
Swiss International Air Lines (SWISS) has become the first airline in the world to integrate the solar fuel manufactured by the Swiss-based Synhelion clean-tech company into its regular flight operations.
Finland's Neste tops earnings forecast on soaring SAF sales
Finnish biofuel maker and oil refiner Neste reported stronger than expected core earnings for the second quarter driven by soaring sales of sustainable aviation fuel (SAF), sending its shares rising.
Shell restarts hydrodesulphurization unit at Pernis oil refinery after unplanned outage
Shell has restarted a hydrodesulphurization unit at its 400,000 barrel per day Pernis oil refinery in Rotterdam after an unplanned outage on July 19.
Orlen's Unipetrol will start commissioning ethylene unit after power outage experienced earlier in July
The company expects full resumption of operations in the petrochemical part of the complex and simultaneous increase of production in the refinery section to standard levels by the beginning of next week.
- 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
