Refining

Venezuela's refineries down to 31% of crude processing capacity

The South American country has increased oil output and exports since it agreed to a flagship supply pact with the U.S. government in January, but limited power service, outages and need for major repairs and maintenance are creating obstacles to recovering refining operations.

TotalEnergies extends its fuel price cap policy in France until the end of April

AFR selects Axens as technology provider for Texas (U.S.) refinery

Fluor awarded engineering and design contract for America First Refining's refinery in South Texas

Climate Investment leads $27-MM Series B investment in Membrane Technology and Research (MTR) to scale its use in industrial applications

This funding will enable MTR to continue its leadership in membrane research and development, expand manufacturing capacity, and accelerate the deployment of its fully commercialized membrane technologies that provide economical solutions for hydrocarbon recovery, hydrogen separation, natural gas sweetening, and fuel gas conditioning.

Trump's shipping waiver does not boost oil flows within U.S.; fuel exports soar

Last month, Trump waived Jones Act limitations for 60 days starting March 17, hoping the move would help tame the surge in fuel prices caused by the Iran war by increasing shipments from the U.S. Gulf Coast to other coastal markets in the country.

EIB and Eni sign €500-MM in financing for new biorefinery in Sannazzaro de’ Burgondi

India's Reliance buys Venezuelan oil directly from PDVSA

Since Caracas signed a flagship oil supply deal with Washington after the U.S. capture of President Nicolas Maduro in January, only a small group of companies have been able to buy cargoes directly from PDVSA.

Japan to boost intermediate chemical imports amid tighter naphtha supply

About 40% of domestic naphtha consumption is met by domestic production, with another 40% sourced from the Middle East and 20% from other regions, but the war in the Middle East has made imports from that region difficult.

Five EU countries call for windfall tax on energy companies

Such a measure could help fund relief for consumers in the face of high energy prices and be a signal that "we stand united and are able to take action", they said.