Americas
Technip Energies and LanzaTech to collaborate on CO2-to-ethylene tech
Technip Energies and LanzaTech Global, Inc. signed a Joint Collaboration Agreement to create a new pathway to sustainable ethylene utilizing their combined technologies.
Oil dips on Chinese and U.S. data, but OPEC+ cuts limit fall
Oil prices dipped after weak economic data from top consumers the United States and China, though expected crude supply cuts from Saudi Arabia and Russia limited losses.
Fertilizer companies race to U.S. Gulf to make low-emissions ammonia
Fertilizer companies are leading the race to build plants along the U.S. Gulf of Mexico to produce ammonia, a compound mainly used for fertilizer, while capturing most of the carbon dioxide emissions.
Biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast
Last year, U.S. West Coast distillate consumption, as measured by product supplied, was at its lowest since 2002 and is on track to fall further this year.
Fertilizer company OCI bets big on climate-friendly ammonia
Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1-B plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy government subsidies, new markets and a contingency plan.
Oil prices up 2% to 6-week high on supply concerns
Oil prices climbed about 2% to a six-week high as supply concerns outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil.
U.S. crude, gasoline inventories fall more than expected
U.S. crude stocks drew more than expected on strong refining demand, while gasoline inventories posted a large draw after an increase in driving last week, the Energy Information Administration said.
Venezuela's PDVSA freezes petcoke deliveries to Maroil amid contract dispute
Venezuela's state-run oil company PDVSA has suspended deliveries of petroleum coke to a company owned by a Venezuelan shipping magnate amid a commercial dispute over a sales contract, two sources with knowledge of the decision said.
bp expands investment in bioenergy, collaborating with U.S. biofuels developer WasteFuel
bp expanded its investment in bioenergy today as bp ventures committed $10 MM, leading the Series B investment round, in WasteFuel, a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as bio-methanol.
Bunge, Chevron acquire Argentina's Chacraservicios to meet renewable diesel demand
Grains merchant Bunge and oil major Chevron said they have acquired Argentina-based agricultural product company Chacraservicios, as the companies look to expand their renewable energy footprint.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
