Canada
Global refiners face profit slump as new plants come online
Oil refiners in Asia, Europe and the U.S. are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand.
Babcock & Wilcox awarded FEED contract for Canada’s first waste-to-energy plant with CCS
Babcock & Wilcox has been awarded a contract to conduct front-end engineering and design (FEED) for Varme Energy Inc.’s planned waste-to-energy with carbon capture and sequestration (CCS) project in Alberta, Canada.
Trans Mountain oil pipeline expansion pushes rivals to cut rates, for now
Pipelines that historically carry Canadian crude to the U.S. are cutting rates and looking to ship different grades of crude oil due to rising competition from the newly expanded Trans Mountain pipeline.
Linde to invest $2 B in Canada to supply hydrogen to Dow's Alberta chemical complex
Industrial gases firm Linde said it would invest more than $2 B to build a clean hydrogen facility for supplying to Dow's Path2Zero production complex in Alberta, Canada.
U.S. West Coast refiners still waiting for TMX margin boost
Canada's expanded Trans Mountain (TMX) oil pipeline, which commenced commercial operations in May, so far has had little impact on crude costs at refineries on the U.S. West Coast.
GlobalData: North America to dominate global renewable refinery capacity additions through 2028
Global consumption of renewable fuels produced in refineries is increasing due to environmental concerns about fossil fuels, technological advances and growing regulations on carbon emissions.
Canada's Suncor Q2 report shows increased refinery throughput and refined product sales
So far Suncor is tracking above the high end of its forecasts for 2024 oil production, refining throughout and refined product sales, Kruger told analysts on an earnings call.
Canada's Suncor on track to exceed 2024 oil production, refinery guidance
Canada's Suncor Energy could exceed its 2024 guidance on oil production and refinery throughput.
Canada's crude oil has an increasingly significant role in U.S. refineries
Crude oil imports from Canada have become increasingly important to U.S. oil refineries, now making up most U.S. imports.
Canada's Trans Mountain Pipeline weighs debt deal ahead of potential sale
Oil pipeline operator Trans Mountain plans to borrow in the bond market to refinance some of its outstanding debt before the Canadian government eventually sells it.
- INEOS Acetyls and Sandpiper Chemicals announce $1.7-B, 1.1-MMtpy low-carbon methanol project in Texas (U.S.) 4/29
- Envision joins AEA Ammonia Certification System pilot to accelerate global clean ammonia trade 4/29
- BASF and Nutrien collaborate on expanding access to low-carbon biofuel markets 4/29
- India proposes rules to allow higher ethanol-blended fuels in vehicles 4/29
- Indian refiners' March crude processing slips 1.8% from a year earlier 4/29
- Sinopec refinery utilization drops, but chemical exports rise due to Iran war 4/29
