Economics
North Asian refiners to get full allocation of Saudi crude in October
Saudi Aramco has notified at least three North Asian buyers that it will supply full contractual volumes of crude in October, sources with knowledge of the matter said on Monday.
The downstream rundown: In case you missed it 09/09
In case you missed any downstream news, here are the top stories from last week.
Online Exclusive: Strategies for dealing with rising construction costs
Thorough risk assessment and evaluation of alternatives are keys to success as capital projects continue to experience delays and the potential for cost overruns.
ExxonMobil to sell its share of Aera Energy joint venture
ExxonMobil affiliates have signed an agreement to sell all of ExxonMobil’s interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV.
Iraq oil exports unaffected by political turmoil
Iraq's oil exports are unaffected by the current political turmoil in the country.
Oil firm Neptune Energy aims for IPO, but not this year
Neptune, founded by the former head of Britain's Centrica Sam Laidlaw, was working on being "IPO ready" but current conditions on financial markets made it difficult to launch one at the moment, CEO Pete Jones said in an interview.
U.S. energy secretary urges refiners not to increase fuel exports
The U.S. Energy Secretary urged domestic oil refiners this month to not further increase exports of fuels like gasoline and diesel, adding that the Biden administration may need to consider taking action if the plants do not build inventories.
India's top refiner to spend $25-B for 2046 net-zero goal
Indian Oil Corp, the country's top refiner, plans to invest more than $25 B to achieve net-zero emissions from its operations by 2046, its chairman S. M. Vaidya said at an annual shareholders meeting.
California ban on gas & diesel cars and trucks should concern every American
“California’s radical ban on gasoline- and diesel-fueled cars and trucks will have devastating implications for consumers, energy security and the U.S. manufacturing economy. "
Major traders, banks cut business ties with Russia-backed Indian refiner
Many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia's invasion of Ukraine.
- ABB enhances AI capabilities of flagship industrial device digital solutions 4/17
- XCF, DevvStream, Southern Energy Renewables partner to bring transferable 45Z clean fuel credits to market 4/17
- HyOrc completes independent process and technology verification for waste-to-methanol platform 4/17
- Bottled lightning makes a cleaner fuel: Research shows how bursts of plasma convert methane into methanol without high heat and pressures 4/17
- Evonik launches high performance isodewaxing catalysts for fuels and lubricants production 4/16
- BASF to increase its price for neopentylglycol in the U.S. and Canada 4/16
