Economics
ExxonMobil agrees to supply Japan's Marubeni with low-carbon ammonia
ExxonMobil has signed a long-term agreement to supply 250,000 metric tpy of low-carbon ammonia to Japanese trading house Marubeni, representing ExxonMobil's first signed customer agreement for its planned hydrogen facility in Baytown, Texas.
TotalEnergies seeks permit for $16-B green hydrogen/ammonia project in Chile
The project, run by the Chilean subsidiary TEC H2 MAG, is expected to begin operations in 2030 and includes a wind farm, seven electrolysis centers for green hydrogen, a desalination plant, an ammonia plant and maritime infrastructure for shipping.
U.S. sustainable aviation fuel production takes off as new capacity comes online
Sustainable aviation fuel (SAF) production is growing in the U.S. as new capacity comes online. U.S. production of Other Biofuels, the category the U.S. EIA uses to capture SAF, approximately doubled from December 2024 to February 2025.
SunGas Renewables' $2-B Beaver Lake Renewable Energy Project enters final stage of development
SunGas Renewables Inc. announced the start of front-end engineering design (FEED), marking the beginning of the final stage of development for its flagship project, Beaver Lake Renewable Energy.
Top U.S. refiner Marathon Petroleum swings to quarterly loss on lower margins
Marathon Petroleum swung to a loss in the first quarter, the company reported on Tuesday, the latest U.S. refiner hit by lower refining margins during a period marked by elevated maintenance and turnaround activity across the industry.
EIA: Supply issues, compliance costs drive up California (U.S.) fuel prices
Drivers in California pay higher prices at the pump than any other state in the country due to supply issues, costs from environmental compliance and fuel requirements, and high state taxes and fees,
Vioneo appoints Wood to design world’s first industrial scale fossil-free plastics facility
Vioneo has awarded Wood a contract to deliver the front-end engineering design for its revolutionary plant which will produce fossil-free plastics using green methanol.
Sunoco to acquire Parkland in $9-B deal as Americas fuel market consolidates
Sunoco will buy Canada-based Parkland in a deal valued at about $9.1 billion, including debt in a move the companies said would create the largest independent fuel distributor in the Americas.
Hydrocarbon value chain optimization: Non-CAPEX opportunities to improve gross margins for the downstream sector—Part 2
Part 2 will outline additional opportunities across quality giveaway reduction, hydrocarbon loss measurement, refinery mass balance and energy management in downstream functions without the need for capital expenditure (CAPEX) or software infrastructure upgrades.
Methanex announces the successful restart of 1.8-MMtpy Geismar 3 plant in Louisiana (U.S.)
Methanex Corporation announced that its 1.8-MMtpy methanol plant, Geismar 3 (G3), in Geismar, Louisiana (U.S.) has successfully restarted and begun producing methanol following an unplanned outage in late February.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
