South America
Mubadala's Acelen secures $1.5 B to launch Brazil SAF biorefinery project
The refinery is expected to start operations in 2029 and produce up to 1 B liters per year of sustainable aviation fuel (SAF) and renewable diesel.
Venezuela's PDVSA controlling fire at Cardon refinery's cracker
Power outages and fires are frequent at PDVSA's deteriorated refineries, which typically work at a fraction of capacity.
ATOME announces FID for $665-MM green hydrogen project in Paraguay
Construction of the plant is expected shortly following FID with full production projected to commence by or before October 2029.
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.
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.
Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction
Brazilian state-run oil firm Petrobras has delivered liquefied petroleum gas auctioned off at high prices, even after President Luiz Inacio Lula da Silva said the government would annul it to protect consumers from fuel spikes.
- ADNOC deploys heavy-duty inspector robot for hazardous environments 5/21
- Indonesia to roll out ethanol-blended gasoline, B50 biodiesel from July 1 5/21
- Australia plans biofuel mandates to boost its energy security 5/21
- HyOrc commences fabrication for Porto waste-to-methanol plant and advances European project pipeline 5/21
- Kremlin sees no risk to fuel supply in Russia amid attacks on refineries 5/21
- Oil market clock is ticking as supply crunch looms 5/21
