Europe
Air Liquide strengthens partnership with TotalEnergies through renewable H2 project in France
Air Liquide has announced a renewable hydrogen (H2) production project at La Mède (Provence-Alpes-Côte d'Azur region in France). In the context of a long-term contract, Air Liquide will cover the H2 needs of TotalEnergie's biorefinery.
U.S. October gasoline imports hit post-pandemic low on slump in European shipments
U.S. waterborne gasoline imports fell in October to their lowest since the COVID-19 pandemic, with European shipments to the U.S. Northeast hitting a record low and Asian cargoes more than halved from a year ago.
MOL Group, KazMunayGas partner on exploring petrochemical production
MOL Group and Kazakhstani national oil company KazMunayGas have signed a cooperation agreement to jointly explore opportunities in the oil, gas and petrochemicals sector. This agreement builds on the successful JV in Kazakhstan, where MOL, KMG and Sinopec have been producing gas and gas condensate at the Rozhkovskoye field.
Solvay uses waste wood to power soda ash and bicarbonate plant in Germany
Solvay announced the official inauguration of the second biomass boiler at its Rheinberg soda ash and bicarbonate plant in Germany, phasing out the use of thermal coal for energy use at the site. With the commissioning of this new boiler, Rheinberg became the world’s first soda ash plant powered by locally sourced waste wood.
Willis Sustainable Fuels selects McDermott for sustainable aviation fuel facilities in the UK
McDermott has been awarded a master services agreement (MSA) by Willis Sustainable Fuels (UK) Limited (WSFL) for sustainable aviation fuel (SAF) facilities in the UK.
ClonBio Group selects Seeq for enterprise-wide analytics
Seeq, a leader in industrial analytics, AI and monitoring, and ClonBio Group Ltd., an Irish agribusiness company, have announced a multi-year commercial agreement for the Seeq Industrial Analytics and AI platform to be leveraged across ClonBio’s biorefinery assets in Europe and its principal asset in the U.S. to further accelerate digital transformation outcomes.
European oil giants step back from renewables path
Almost five years ago, bp embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals, revive its share price and allay investor concerns over future profits.
Spain's Moeve swings to quarterly loss on weak refining margins
Spain's second-largest oil company, Moeve, formerly known as Cepsa, posted a third-quarter loss after a sharp decline in refining margins hit its energy business.
Asia naphtha supply expected to remain tight over next two years
Naphtha is expected to remain in short supply in Asia over the next couple of years as more crackers come online and as demand for blending the fuel with gasoline rises.
SOCAR, Baker Hughes partner on integrated gas recovery, H2S removal system at the Heydar Oil Refinery
Baker Hughes and SOCAR signed a contract for an integrated gas recovery and hydrogen sulfide (H2S) removal system that will significantly reduce downstream flaring at SOCAR’s Heydar Aliyev Oil Refinery in Baku, Azerbaijan.
- 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
