Economics

History of the HPI: The 1990s: Clean fuels and emissions mitigation, M&A, GTL and the fieldbus wars

Nichols, Lee, Hydrocarbon Processing Staff

Much like several initiatives passed in the 1970s and 1980s, the 1990s were a decade heavily focused on environmental issues, with many new regulations being enacted to not only mitigate industrial and vehicle emissions but also to advance the production of clean fuels globally.

Russia's Novoshakhtinsk refinery fully resumes operations

The Novoshakhtinsk oil refinery in Russia's southern Rostov region has fully resumed operations after it was struck by drones in June.

India cuts fuel export taxes, hikes tax on local crude

India has cut fuel export taxes for the second time in less than two weeks and increased a windfall tax on locally produced crude oil, a government notification said.

Online Exclusive: How chemical manufacturers can navigate inflation

At the macroeconomic level, inflation will influence M&A through its impact on monetary policy and financial markets.

The downstream rundown: In case you missed it 7/29

In case you missed any downstream news, here are the top stories from last week.

U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks

The two largest U.S. oil companies, ExxonMobil and Chevron, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier.

Eni confident it will replace Russian gas by 2025

Italian energy group Eni believes it will be able to completely replace Russian gas imports by 2025 as uncertainty over Moscow's energy supplies to Europe forces countries to seek alternative sources.

Shell slashes gas intake at Dutch, German refineries

Shell has slashed its use of gas at Europe's largest oil refinery, Rotterdam's 404,000 bpd Pernis site, by 40% and at its German refineries by 70%.

PetroChina begins $4.5-B refinery expansion

PetroChina has launched a $4.52 B program to expand a subsidiary refinery in southern China into an integrated petrochemicals complex.

4AIR and NATA collaborate for first-ever SAF delivery receipt for business aviation

The National Air Transportation Association (NATA) in partnership with 4AIR announced the release of a first-ever SAF receipt for business aviation.