Economics
Black Sea storm disrupts Russian and Kazakh oil exports
A severe storm in the Black Sea region has disrupted up to 2-MM bpd of oil exports from Kazakhtsan and Russia, according to state's officials and port agent data.
European airlines secure supplies of low-carbon jet fuel
European airlines are ramping up investments and signing agreements to secure supply of SAF needed to meet targets set by the European Union aimed at curbing the aviation sector's carbon footprint.
Neste has been granted energy investment aid for its green hydrogen project at the Porvoo refinery
The Ministry of Economic Affairs and Employment in Finland granted Neste an energy investment aid of EUR 1.96 MM for heat recovery from the green hydrogen production being planned for the Porvoo refinery.
OPEC head accuses IEA of vilifying fossil fuel industry
OPEC Secretary General Haitham Al Ghais accused the International Energy Agency of vilifying the oil and gas industry, in the latest clash between the groups over climate policy.
DORIS, Axens, AWT International, SeaQuester and Surbana Jurong announce the CCS Hub Alliance decarbonization solution for hard-to-abate CO2 emitters
DORIS, Axens, AWT International, Sea-Quester Offshore and Surbana Jurong Infrastructure announce the formation of the CCS Hub Alliance, a partnership dedicated to delivering cost-effective and risk-reduced decarbonization solutions to hard-to-abate CO2 emitters.
ABB upgrades Repsol butane plants without any downtime in operations
Repsol Butano entered into an agreement with ABB to upgrade its Distributed Control Systems at 12 of the energy company’s butane factories across Spain.
The Royal Australian Air Force’s aerobatic display team Roulettes flies on SAF for the first time supported by Neste, Viva Energy and Vitol
During the Williamtown Air Show in Australia, the Roulettes, the Royal Australian Air Force's aerobatic display team, performed a first public display using Neste MY Sustainable Aviation Fuel.
BASF shares rise on report ADNOC exploring Wintershall Dea deal
Shares in chemicals giant BASF rose after a report that ADNOC is exploring an acquisition of the German group's energy business Wintershall Dea.
UN-led talks weigh goal to reduce aviation emissions
A UN-led conference in Dubai is weighing goals to reduce carbon emissions from international aviation through less polluting fuel, as a rebound in traffic thrusts airlines back into the conversation over carbon emissions.
China oil demand growth poised to slow to around 4% in H1 2024
China's oil demand growth likely to ease in H1 2024 to around 4% with resurgent consumption from the aviation and petrochemical sectors offset by weaker diesel usage.
- 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
