Economics
ExxonMobil to sell French subsidiary Esso to Canadian energy group
ExxonMobil France Holding has entered into exclusive negotiations with North Atlantic France SAS for both the proposed sale of its 82.89% majority shareholder interest in Esso Société Anonyme Française SA as well as the proposed sale of ExxonMobil Chemical France SAS.
UPM cancels second Rotterdam biomass-to-fuels refinery
UPM plans to discontinue the development of its potential second biomass-to-fuels refinery at the Port of Rotterdam. UPM plans to halt all engineering work related to the CAPEX investment and withdraw from all site-related commitments associated with the Rotterdam investment
Uniper, thyssenkrupp Uhde partner to build large-scale ammonia cracker in Germany
thyssenkrupp Uhde and Uniper are entering into a strategic partnership to bring a key technology for global hydrogen trading to industrial maturity: the large-scale ammonia cracker. In a first step, a demonstration plant with a capacity of 28 tpd ammonia will be built at Uniper’s Gelsenkirchen-Scholven site in Germany.
Canada shift crude oil exports to China, an unintended consequence of U.S. energy tariffs
If there is a law of unintended consequences, then a good example is how commodity markets are adjusting to both the realities and the perceived threats of the tariff war launched by U.S. President Donald Trump. An example of this is seaborne exports of crude oil from Canada, which have shifted away from the United States and towards China, even though Trump backed away from his initial plan to impose a 10% tariff on energy imports from Canada.
Saudi Arabia's refining boom helps it weather oil price war
Saudi Arabia has been cranking up oil refining operations to capture strong profit margins, helping the kingdom offset revenue lost from declining crude prices and exports.
SOCAR, Gunvor, Bin Butti to bid for refiner Italiana Petroli
State Oil Company of Azerbaijan (SOCAR), global commodity trader Gunvor and Abu Dhabi-based Bin Butti Group are expected to submit binding offers for Italian oil refiner Italiana Petroli (IP) next week.
Saudi Aramco considers asset sales to free up funds
Saudi state oil giant Aramco is exploring potential asset sales to free up funds, as it pursues an international expansion and weathers lower crude prices.
Phillips 66's Los Angeles (U.S.) refinery layoffs to begin in December, sources say
Phillips 66 is expected to lay off most workers at its 139,000-barrel-per-day Los Angeles-area refinery in December.
Johnson Matthey to sell Catalyst Technologies business to Honeywell for £1.8 B
Johnson Matthey Plc. is pleased to announce that it has reached an agreement to sell its Catalyst Technologies business to Honeywell International Inc. at an enterprise value of £1.8 B on a cash and debt-free basis.
U.S. says there are significant undiscovered oil and gas resources in Wyoming
A new federal assessment has identified significant undiscovered, technically recoverable oil and gas resources in parts of Wyoming, Utah and Colorado, the U.S. Interior Department said on Wednesday.
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Honeywell to supply integrated automation systems for flagship UK carbon capture projects 12/4
- Aduro Clean Technologies collaborates with ECOCE to advance plastics recycling in Mexico 12/4
- FincoEnergies launches GoodFuels B15: A reliable and compliant drop-in biofuel for inland shipping 12/4
- DevvStream, Southern Energy Renewables target low-cost, carbon-negative SAF and green methanol 12/4
- AFPM: Revised fuel economy standards would put CAFE back on solid legal footing 12/4
