Europe
Global refinery margins fall to multi-year seasonal lows in September
Refinery margins for petroleum refiners across the world are shrinking, indicating reduced profitability from refining crude oil and selling petroleum products.
Phillips 66 agrees to sell interest in Switzerland-based joint venture
Phillips 66 has announced that its subsidiary, Phillips 66 Ltd., has entered into a definitive agreement to sell its 49% non-operated equity interest in Coop Mineraloel AG (CMA) to its Swiss joint venture partner.
Orlen's Lithuanian Mazeikiai oil refinery undergoing October maintenance
Orlen's Mazeikiai oil refinery in Lithuania is undergoing October maintenance works on several of its units.
TotalEnergies expands global LNG bunkering footprint
TotalEnergies has signed a charter contract with Spanish shipowner Ibaizabal for a new LNG bunker vessel of 18,600 m3 capacity. This new vessel will expand the Company’s global presence in bunkering hubs.
Oil group MOL's refineries shift to non-Russian crude faces delay
Hungarian oil group MOL expects its refineries to be able to process both Russian and non-Russian crude oils by the end of 2026, a year later than planned as some adjustment projects have been delayed.
QatarEnergy signs 20-yr naphtha supply deal with Shell
QatarEnergy has entered into a long-term naphtha supply agreement with Shell, supplying up to 18 MMt of naphtha over 20 years from April 2025.
Ineos' Ratcliffe: 600 jobs at stake at Geel PTA plant due to overzealous regulations
The INEOS purified terephthalic acid (PTA) plant at Geel in Belgium is threatened with closure as regulators aim to impose unattainable environmental targets on a factory that has already committed to an 80% reduction in cobalt levels.
Poland's Orlen's petchem project's capex continues to rise
Poland's Orlen's flagship petrochemicals project may see further losses due to problems in the planning and construction process, increasing total capex from $2.11 B to > $6.3 B.
bp abandons goal to cut oil output, resets strategy
bp has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence.
Russia considers diesel export ban for non-producers
Russian oil companies have held talks with the government on whether firms that do not produce diesel should be banned from exporting it because of concern the refiners may be losing subsidies.
- Axens, IFPEN and JEPLAN launch commercial licensing of the Rewind® PET process 10/22
- ProSep to deliver its Multiphase Adjustable Xtreme test units to Polish refiner 10/22
- BGEN signs five-year contract with INEOS O&P UK 10/22
- Wizz Air and Airbus to launch SAF trial ahead of EU mandates 10/22
- Four new petroleum liquids pipelines have been completed in the U.S. since 2023 10/22
- Australia fuel supplier Viva Energy's retail and refining challenges continue to hurt 10/22
