Europe
In plea to EU, Stellantis chairman warns European car industry risks 'irreversible decline'
The European Commission is due to present a package of proposals for its scheduled review of EU carbon emissions regulation for the auto industry on December 10.
Russia sees scope for oil exports boost to China, urges cooperation in LNG
China and India have become the main buyers of Russian oil since the start of Russia's military campaign in Ukraine in February 2022.
Greenlyte launches world’s first LiquidSolar eFuel plant
Greenlyte Carbon Technologies is inaugurating the worldwide first LiquidSolar SNG plant in Duisburg, marking a decisive step from development towards industrial production of synthetic fuels (eFuels).
China's Unipec agrees to jet fuel term supply deal with Lufthansa
Unipec's jet fuel supplies have until now covered aviation hubs in Western Europe and North Africa.
Lukoil's Finnish fuel chain Teboil files for corporate restructuring
The United States last month hit Lukoil with sanctions over Moscow's war in Ukraine, disrupting the company's international business.
Armstrong International to double heat pump production capacity in Herstal, Belgium
Armstrong International is updating its plans for the expansion of its manufacturing site in Herstal, Belgium. Initially planned for an annual production of 50 MW of industrial high-temperature heat pumps, the project is being adapted to double its capacity to 100 MW per year by 2027.
India's Reliance stops importing Russian crude for refinery operations
The Indian conglomerate, which has a long-term deal to buy nearly 500,000 bpd of crude from Russian major Rosneft, had said it would abide by sanctions against Moscow while maintaining ties with current oil suppliers.
Lukoil trading arm shrinks fast under Western sanctions
The measures, which also target state-owned Rosneft, took effect on Friday as Washington seeks to choke off Moscow’s ability to fund its war in Ukraine. They have thrown Lukoil’s global operations into limbo, from oilfields in the Middle East to fuel pumps and refineries across Europe.
Tecnimont attends ground-breaking ceremony of Tengiz Gas separation Complex in Kazakhstan
The facility is designed to recover at least 98% of ethane from dry gas, and its output will feed the second phase of the Silleno petrochemical complex, focused on polyethylene production—another major project being executed by Tecnimont.
Hungary's MOL and refiner Slovnaft accuse Croatia's JANAF of breach of contract
MOL said it and Slovnaft told the European Commission in a letter that JANAF would only deliver crude oil already purchased and scheduled for delivery if the two companies agreed to purchase additional volumes as technical amounts to inject into JANAF's system.
- 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
