Europe
HyOrc and Start Lda form JV to launch national green methanol platform in Portugal
The project supports Europe’s transition away from fossil fuels and aligns with decarbonization goals in shipping and heavy industry.
Fatal accident at Mongstad refinery
The deceased was employed by Crane Norway, a supplier of crane and lifting services at Mongstad.
Summer diesel margins tighten with European supply shift
This summer, Europe’s increased reliance on imports from the Middle East, coupled with conflict-related disruptions to refineries and escalating geopolitical tensions, contributed to a tightened global diesel market.
INEOS Inovyn to mothball its chloromethane production facility in Tavaux, France
INEOS Inovyn announced that is has mothballed its chloromethane production facility in Tavaux, France. The decision reflects persistently weak market demand, regulatory challenges and increased operational and energy costs.
Update: SOCAR inks deal to buy oil refiner Italiana Petroli
People close to the matter had previously said that Italy's Brachetti Peretti family was seeking an enterprise value of around €2.5 B ($3 B) for the company, which holds some €500 MM in cash.
MOL Petrochemicals conducts first circular feedstock test at its Tiszaújváros site in Hungary
MOL Group has achieved a significant milestone in its SHAPE TOMORROW Strategy by successfully completing its first ISCC PLUS-certified production run using circular feedstock at its MOL Petrochemicals site in Tiszaújváros, Hungary.
Ukraine to curb Indian diesel imports amid Russian oil ties
Ukraine will restrict imports of diesel fuel originating in India, which purchases a significant portion of its crude oil from Russia starting October 1, Ukrainian energy consultancy Enkorr said.
EU brings forward review of 2035 zero-emissions vehicles target
The European Union has set a target of 100% reduction of CO2 emissions for new cars and vans by 2035, which has been taken to mean the end of the internal combustion engine for new vehicles.
EU may list independent Chinese refineries in new Russia sanctions package
The Commission may propose the new package as soon as Friday after an EU delegation returns from sanctions talks in Washington.
- 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
