The Danish Straits and Turkish Straits, together transited by a combined volume of more than 5 MMbpd in 2016, are important chokepoints for Europe’s crude oil and petroleum liquids supply.
MOSCOW (Reuters) — Russian mid-sized oil producer Tatneft plans to double the capacity of its TANEKO oil refinery to 14 MMt this year, TANEKO General Director Leonid Alekhin told Reuters.
Repsol will invest 5 MM euros in its Puertollano lubricants plant as part of the company’s objective to increase sales in both domestic and international markets. Production will be increased until maximum capacity is reached.
GOTHENBURG, Sweden/MUNICH, Germany — Technology company The Linde Group has been awarded with the engineering and supply of a modular hydrogen manufacturing unit for St1 Refinery in Gothenburg, Sweden. Linde’s Engineering Division will start the engineering and construction of the unit immediately, with the completion estimated for the end of 2018.
LONDON (Reuters) — Oil prices fell on Tuesday, extending a heavy sell-off after a surge in the dollar and weighed down by signs of weaker demand in China, the world's second-largest consumer.
UK company MeadCo launched ScriptX 8.0 to the oil and gas industry. ScriptX provides consistent printing of daily reports, equipment lists and all critical documents, both on and off shore, from Internet Explorer.
BERLIN (Reuters) — German efforts to overcome a diesel scandal were dealt a blow on Tuesday after prosecutors widened a Volkswagen probe and a key environmental group said steps proposed by automakers to cut pollution remained inadequate.
Neste MY Renewable Diesel, produced entirely from waste and residues, will reduce the amount of greenhouse gas emissions produced in UFF's logistics chain. UFF is an organization that recycles clothing for non-profit purposes, and the organization's logistics chain covers the whole of Finland. In collecting clothes for recycling and reuse, UFF clocks up about 800,000 km–900,000 km annually with its own vehicles.
BRUSSELS (Reuters) — Traffic to and from Antwerp, Europe's second-biggest port, was halted on Monday after a container ship ran aground on the banks of the river Scheldt which connects the port to the North Sea.
AMSTERDAM (Reuters) — Oil prices fell on Monday as a slowdown in Chinese refining raised concerns about demand in the world's second-biggest consumer, while an increase in US drilling capacity could deepen a global supply glut.