Storage
EIA: U.S. crude stockpiles fall, fuel builds as refiners hike output
U.S. crude oil stockpiles fell last week as oil refiners ramped up production with the start of the summer driving season, while fuel inventories rose amid weaker demand, data from the U.S. Energy Information Administration (EIA) showed on Wednesday.
ABS approves first of its kind LCO2 barge for U.S. operation
ABS has awarded approval in principle (AIP) to Overseas Shipholding Group Inc. (OSG), the parent company of Aptamus Carbon Solutions, for its preliminary design of a liquefied carbon dioxide (LCO2) barge.
U.S. crude and fuel inventories fall, Nigerian crude imports jump
U.S. crude and fuel inventories all fell last week, while crude imports from Nigeria hit their highest level in nearly six years.
Asia's refined fuel imports drop, but margins still hold
Asia's imports of key refined fuels such as gasoline and diesel fell to the lowest in four years in April, driven by a combination of refinery maintenance and weaker demand in the top-importing region.
SP Chemicals plans to raise ethane use at eastern China petchem plant
SP Chemicals is studying plans to increase ethane use as feedstock at its petrochemical complex in eastern China's Jiangsu province to up to 90% from 75%, its CEO Chan Hian Siang said on Thursday.
EIA: U.S. crude stocks rise with bigger imports, fuel inventories fall
U.S. crude stocks rose as the nation imported more oil, while gasoline and distillate inventories fell last week ahead of summer driving season.
Petrobras doubles processing capacity at UPGN in Boaventura Energy Complex
The second module of the natural gas processing unit of the Boaventura Energy Complex, located in Itaboraí, has begun commercial operations. In addition to the first module, inaugurated last year, the unit's total processing capacity reaches 21 million m³/day.
First European-built offshore CO2 carrier to be christened and launched on May 14
The completion of Europe’s first offshore carbon dioxide (CO2) carrier marks a pivotal milestone in the energy transition and the advancement of carbon capture and storage (CCS) infrastructure within Europe.
EIA: U.S. crude, gasoline stockpiles fall; distillates build last week
U.S. crude oil and gasoline stocks fell, while distillate inventories rose last week, the U.S. Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 2.7 MMbbl to 440.4 MMbbl in the week ended April 25, the EIA said, compared with analysts' expectations for a 429,000-bbl rise.
Official approval granted for Hydrogenious LOHC’s ‘Hector’ storage plant
Hydrogenious LOHC has achieved a significant milestone towards designing, building and operating the world's largest hydrogenation plant for the safe and efficient storage of H2 in the LOHC benzyltoluene (LOHC-BT) at Chempark Dormagen in North Rhine-Westphalia, Germany: Project ’Hector’ has now received the official building and operating permit for the storage plant in accordance with §4 of the German Federal Immission Control Act (Bundes-Immissionsschutzgesetz - BImSchG).
- Hanwha Ocean signs strategic MoU with Kanata Clean Power for proposed $15.7-B, 12-MMtpy FLNG project in Canada 6/18
- Burckhardt Compression secures milestone order for first industrial scale liquefied CO₂ carrier supporting Northern Lights CCS project 6/18
- Dynelectro dispatches 250-kW electrolyzer unit to Syntholene’s Iceland eSAF project 6/18
- EIA: U.S. crude inventories decline for tenth week to over 40-yr low 6/18
- Australia opens first carbon refinery, making new products from captured CO2 6/18
- ABB expands non-invasive sensing portfolio to advance simpler, safer temperature measurement 6/18
