Economics
Nigeria gets refineries investment, forex pledge from Saudi Arabia
Nigeria and Saudi Arabia agreed to a series of investment and cooperation deals, including a pledge by the Saudi government to invest in the revamp of Nigeria's oil refineries and provide financial support to sustain the government's foreign-exchange reforms.
Nigeria restores 275,000 bpd production at TotalEnergies JV
Nigeria's state oil firm NNPC Ltd said it had restored 275,000 bpd of oil production at its joint venture unit with Total Energies after negotiating an end to industrial action by workers.
LNG export capacity from North America is likely to more than double through 2027
EIA expects North America’s LNG export capacity to expand to 24.3 Bcfd from 11.4 Bcfd today as Mexico and Canada place their first LNG export terminals into service and the United States adds to its existing LNG capacity.
Russian diesel and gasoline export ban to be lifted next week
Russian fuel producers have been told by the government to prepare for the scrapping of all remaining restrictions on the export of diesel and gasoline.
Petronas and Dorna Sports to introduce new sustainable fuel for 2024 Moto2 and Moto3 season
Petronas and Dorna Sports today announced the usage of a new sustainable fuel for Moto2 and Moto3 on the opening day of the Petronas Grand Prix of Malaysia 2023.
AirFrance-KLM invests in DG Fuels' U.S. SAF production plant
French-Dutch airline AirFrance-KLM has made a $4.7 MM investment in DG Fuels' SAF production plant in the U.S. state of Louisiana, a step towards its 10% SAF incorporation target for 2030.
Japan, South Korea to set up joint ammonia, hydrogen supply network
Japan and South Korea will establish a joint supply network for carbon-neutral fuels such as ammonia and hydrogen.
Shell to boost U.S. green aviation fuel output
Shell PLC is looking to scale up SAF production in the United States, a country it sees as attractive for development of such low-emission forms of energy
Boeing joins aireg, the German initiative for SAF
Boeing has joined Aviation Initiative for Renewable Energy in Germany, underscoring the company’s commitment to partner towards a more sustainable future for air travel and progress on SAF.
China-Brunei JV inks new deal for Phase 2 petrochemical project
The Implementation Agreement sets out the parameters, outlined jointly by PA and BEDB, which relates to the development, implementation and operations of Hengyi Industries’ Phase 2 Refinery and Petrochemical Complex at the PMB Industrial Park.
- 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
