Economics
Chevron to lay off up to 20% of global workforce
Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said, as it seeks to cut costs, simplify its business and complete a major acquisition.
MOL Group successfully tested the production of HVO and SAF at Eastern European refinery
MOL Group has produced a diesel fuel containing hydrotreated vegetable oil and sustainable aviation fuel at its refinery in Slovnaft, Bratislava, readying the production of alternative synthetic fuels, which is part of the company’s long-term SHAPE TOMORROW strategy.
Pacific Future Energy officially cancels refinery project in British Columbia, Canada
Pacific Future Energy has officially cancelled its proposal to build a 200,000-bpd refinery on the West Coast of Canada aimed at exporting refined petroleum products to Asia.
Alternative Chinese terminals emerge to take in sanctioned tankers
A handful of newer Chinese terminals recently began receiving oil tankers sanctioned by the U.S., according to five sources and shipping data, providing logistics relief after a major port operator unexpectedly banned such deliveries last month.
Finland's Neste to slash around 600 jobs as quarterly core profit slumps on excess renewable fuel supply
Finnish oil refiner and biofuel maker Neste will slash around 600 positions as excess supply in the renewable fuel market caused a slump in quarterly core profit.
Lummus announces first commercial award for SAP technology
Lummus Technology, a global leader in process technologies and value-driven energy solutions, announced an award from SHCCIG Yulin Chemical Co., Ltd., a subsidiary of the SHCCIG Group, for its superabsorbent polymer technology.
Honeywell, AM Green collaborate to advance carbon capture and sustainable aviation fuel In India
Honeywell and AM Green signed a memorandum of understanding during India Energy Week 2025 to assess the techno-economic feasibility of producing sustainable aviation fuel from ethanol, green methanol from various carbon dioxide emission sources, and green hydrogen.
NH3 Clean Energy, Pilbara Ports sign a MoU on ammonia shipment for WAH2 Project (Australia)
NH3 Clean Energy Limited signed a Memorandum of Understanding with The Pilbara Ports Authority, exploring the options for the loading and export of 600,000 tpy of clean ammonia from the company’s WAH2 Project.
Some U.S. Gulf refiners paying premium prices for Trinidad's Molo crude
Some U.S. Gulf Coast refiners have recently paid prices over the Brent LCOc1 crude benchmark for Trinidad and Tobago's Molo heavy sour crude.
Trump administration approves SAF refinery loan
President Donald Trump’s energy department said on Tuesday it approved the disbursement of a loan guarantee that had been finalized days before he took office to Calumet for the expansion of a sustainable aviation fuel (SAF) refinery in Montana.
- Braskem Siam partners with Mitr Phol Bio Fuel to use ethanol to produce bio-ethylene/polyethylene 3/21
- Wison Engineering signs FEED contract with WasteFuel for Ankara Green Methanol project in Turkey 3/21
- U.S. slaps Iran-related sanctions on oil tankers, China 'teapot' refinery 3/21
- Regulations needed to spur airlines to use SAF, Japan oil refiners group head says 3/21
- Russia replaces UAE as the top naphtha supplier to India in 2024–25 3/21
- Asia's sour crude demand to rebound on completed regional refinery maintenance and upgrades 3/20
