Economics
Vietnam seeks Saudi Aramco's investment in petrochemicals, oil refining
Vietnam is seeking investment from oil giant Saudi Aramco in its petrochemical and oil refinery projects, the Southeast Asian country's government said.
Russian railway gasoline exports fell by 80% in first half October
Russia's fuel export ban led to an 80% fall in railway exports of gasoline in the first 15 days of October from the same period in September to some 37,000 tons.
Russia's Lukoil says no talks to sell Bulgarian oil refinery
Litasco, a trading arm of Russia's No.2 oil producer Lukoil, said that it had not received any offer for its refinery in Bulgaria and there were no talks to sell it, amid mounting pressure from Bulgarian authorities.
U.S. oil refiners crank out diesel, further squeezing margins for gasoline
U.S. oil refiners have cranked up output of diesel, heating oil and jet fuel for winter but are struggling to turn a profit because gasoline margins have fallen over 80% since the summer driving season ended.
China and India struggle to curb fossil fuels
China and India are burning record amounts of fossil fuels this year, even as they also install record renewable power generation capacity, highlighting the slow pace and enormous inertia to be overcome in the energy transition.
Technip Energies has complied at all times with applicable sanctions in relation to the Arctic LNG 2 Project
As of February 24, 2022, the date of the invasion of Ukraine, Technip Energies was overseeing the Arctic LNG 2 project in Gydan, northern Russia. The contract, awarded in 2019, covered engineering, equipment procurement and the construction of three LNG trains.
Proman, Mitsubishi sign MoU to develop world-scale ultra low-carbon ammonia plant in Lake Charles (U.S.)
Proman has signed an MoU with Mitsubishi Corporation to explore building a world-scale ultra low-carbon ammonia facility in Lake Charles, Louisiana.
KBR launches PureM, an advanced green methanol technology
KBR announced that it has developed an advanced green methanol technology, PureM, augmenting its leading portfolio of clean ammonia and hydrogen technologies.
Honeywell Engine using 100% SAF successfully tested on Embraer business jet
Honeywell announced today that Embraer has successfully tested Honeywell's HTF7500 turbofan engine on its Praetor 600 aircraft using 100% SAF.
China's September oil refinery throughput surges to record daily rate
China's oil refinery throughput in September hit a record daily rate up 12% from a year earlier as refiners increased run rates to cater for strong demand for transport fuel over the Golden Week holiday and improving manufacturing.
- 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
