Africa
Vivo Energy to invest over $550 MM in South Africa, continue supply contracts with local refineries
Vivo Energy, owned by global commodities trader Vitol, will invest an initial 10 B rand ($550.79 MM) in its South African operations following its merger with Engen.
Nigeria's Dangote refinery tenders for steady supply of U.S. crude oil
Nigeria's Dangote refinery is in the market for 2 MMbbl of West Texas Intermediate (WTI) Midlands crude every month for a year starting in July.
Singapore middle distillate stocks tumble to nearly three-month low
Singapore's middle distillates stocks slid to a nearly three-month low this week, falling below 11 MMbbl for the first time in a month as gains in jet fuel/kerosene net exports offset declines in diesel/gasoil net exports.
Itochu to buy green ammonia from HIVE's $5.9-B Coega facility
A division of Hive Energy Ltd. announced that a consortium led by Japanese trading giant Itochu Corp. is on the verge of finalizing an agreement to purchase environmentally friendly ammonia from a project located in South Africa.
Ethylene downcycle puts nearly 25% of capacity at risk of closure
A series of unprecedented challenges to the global ethylene industry means that as much as 24% of global capacity is now under some threat of permanent closure according to new research by Wood Mackenzie.
Shell to exit South Africa's downstream businesses
Shell will divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses across all regions.
Global Project Data
Gulf Energy Information’s Global Energy Infrastructure (GEI) database is tracking more than 1,200 active projects in the hydrocarbon processing industry.
Vitol to charter supertankers from U.S. to Nigeria's Dangote refinery
Commodities trader Vitol has agreed to charter two supertankers to deliver crude oil to Nigeria's giant Dangote refinery from the U.S. in May, according to a shipping source and fixtures data.
Nigeria's NNPC partners local firm on new 100,000 bpd refinery
Nigeria's state-owned oil firm NNPC Ltd signed an agreement allowing a local refiner to build and operate a 100,000 bpd refinery within NNPC's Port Harcourt Refinery complex in the south of the country.
Stranded cargo shows credit challenges at Nigeria's Dangote refinery
Chinese state energy major PetroChina has been waiting to unload a cargo of U.S. crude at Nigeria's giant new refinery for nearly a month due to payment issues.
- Envision Energy powers world's first green marine ammonia bunkering 7/25
- New catalyst breakthrough could make clean ammonia easier to produce 7/25
- U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses 7/25
- CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions 7/25
- PetroChina makes FID for new northeast refinery complex 7/25
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
