Economics
Ukraine hits Russia's Volgograd oil refinery in latest drone attack
Two Ukrainian attack drones struck the largest oil refinery in southern Russia in the latest in a series of long-range attacks on Russian oil facilities.
Shell agrees to develop Nigeria gas field for Dangote fertilizer
Shell Plc has made a final investment decision to build a gas supply facility in Nigeria to feed a fertilizer plant owned by Africa's richest man, Aliko Dangote.
Tecnimont awarded a FEED contract for an integrated green hydrogen and ammonia plant in Portugal
Tecnimont has been awarded a FEED contract by MadoquaPower2X to develop an integrated green hydrogen and green ammonia plant located in the industrial zone of Sines, Portugal.
U.S. Energy Department selects Delek's refinery for pilot carbon capture project
Delek US Holdings said the U.S. Department of Energy has selected its Big Spring refinery for a pilot carbon capture project and would provide up to $95 MM of federal funding to support its development.
Sugar Valley Energy bio-refinery to address SAF market
Valley Energy, a new 160-acre bioenergy campus planned in California’s Imperial Valley, intends to produce SAF for the airline industry.
Lhyfe and SAF+ International Group sign a MoU to produce e-SAF
Lhyfe and SAF+ sign a MoU to combine their expertise to develop the production of e-SAF from green and renewable hydrogen, at a production site located in the Le Havre area.
Enerkem to retire its Edmonton Biofuels facility
Enerkem announced that it will be retiring its Enerkem Alberta Biofuels plant in Edmonton.
SOCAR ships Azeri BTC oil to Thailand via Cape of Good Hope
Azerbaijan's state oil company SOCAR is shipping Azeri BTC oil to Thailand via Africa's Cape of Good Hope to avoid the Red Sea.
LyondellBasell beats Q4 profit estimates as lower ethane costs benefit
LyondellBasell LYB.N beat Wall Street estimates for fourth-quarter profit on Friday, on stable demand for its chemicals in the U.S. polyethylene market.
U.S. manufacturers poised for resumed growth, diesel shortage
Consumption of diesel and other distillate fuel oils is closely correlated with the manufacturing and freight cycle so the business upturn is very likely to result in renewed growth in distillate use in 2024.
- 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
