Americas
Financial alliances build as Citgo share auction enters last mile
At least five groups of investors submitted binding bids this month in a U.S. court-ordered auction of shares in Citgo Petroleum's parent, and three have secured financing commitments for Venezuela's foreign crown jewel.
U.S. oil refining capacity rises for second year in a row, reaching > 18.3 MMbpd
U.S. crude oil refining capacity rose 1.5% to 18.38 MMbpd this year, a government report showed on Friday as a major new expansion in Texas boosted capacity.
U.S. court to allow Citgo share-auction bidders to raise offers
A U.S. court overseeing the auction of shares in Venezuela-owned Citgo Petroleum's parent has told bidders seeking to acquire the seventh-largest U.S. oil refiner they may raise their offers after Tuesday's filing deadline.
Red Sea ships attacks push 47% more crude oil, fuels, refined products around Africa
Global crude oil and oil products shipments taking the long route between Asia, the Middle East and the West are up 47% since attacks began on vessels using the shorter Red Sea route.
Cerilon GTL advances engineering work, with FID scheduled for mid-2026
Cerilon announced today that it has successfully completed front-end-loading (FEL 2) for its gas-to-liquids (GTL) facility in North Dakota and is moving into front-end engineering design (FEED), the last stage before the company makes a final investment decision (FID) for its foundational GTL project.
Element Fuels readies site for H2-powered refinery in south Texas (U.S.)
Located within the Port of Brownsville, the complex is designed to exclusively process domestic high-gravity shale oil into high-octane, low-carbon fuels and low-carbon hydrogen, produce reliable electricity.
Technip Energies, Turner Industries awarded contract by ExxonMobil for Louisiana CCS project (U.S.)
Technip Energies, in consortium with Turner Industries, has been awarded the engineering, procurement and construction (EPC) contract by ExxonMobil Low Carbon Solutions Onshore Storage LLC. Technip Energies will oversee the engineering and procurement while Turner Industries will be responsible for the construction.
Consortia target Citgo's Texas refinery as auction deadline looms
Citgo Petroleum's smallest and least profitable oil refinery has been thrust into the spotlight as a potential breakout candidate ahead of next week's court auction to pay over $20 B in Venezuela-related claims.
Lummus Technology takes lead position in RWDC Industries, accelerating development of first commercial-scale PHA facility
Lummus Technology has taken a lead investor position in RWDC Industries' convertible bond round, further strengthening the partnership between the two companies to bring polyhydroxyalkanoates (PHA) to the global market.
U.S. Department of Energy reopens $15-MM voucher program for clean energy technology
The U.S. Department of Energy Office of Technology Transitions, in collaboration with the Offices of Clean Energy Demonstrations, Fossil Energy and Carbon Management, and Energy Efficiency and Renewable Energy announced the reopening of five voucher opportunities to accelerate clean energy technology adoption and launch two new VOs with $15 MM in available funding.
- Shell, CNOOC take FID on 1.6-MMtpy petrochemical complex expansion in China 1/15
- Russian oil products trapped at sea by U.S. sanctions 1/15
- California (U.S.) withdraws clean truck EPA waiver request ahead of Trump inauguration 1/15
- Amazon orders 200 new electric heavy trucks from Daimler for Germany, UK 1/15
- Colonial Pipeline shuts main gasoline artery after potential gasoline spill 1/15
- U.S. issues partial guidance on clean fuel subsidies, chafing ethanol makers 1/15
