Americas
Alberta premier says province open to providing carbon capture tax credits
Canada's main oil-producing province Alberta is open to bolstering tax credits for carbon capture and storage (CCS) technology but also wants the federal government to increase financial support, Premier Danielle Smith said this week.
ExxonMobil sells interest in Esso Thailand
ExxonMobil has reached an agreement with Bangchak Corporation to sell its interest in Esso Thailand that includes the Sriracha Refinery, select distribution terminals, and a network of Esso-branded retail stations.
BASF breaks ground on MDI capacity expansion project at Geismar site
BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate expansion project at its Verbund site in Geismar, Louisiana.
API unveils plan to make, move and improve American energy
The American Petroleum Institute (API) President and CEO Mike Sommers today released a new report and outlined the policies needed to make, move and improve American energy and prioritize U.S. natural gas and oil.
Chevron's first cargo of Venezuelan oil after license departs to U.S.
Chevron Corp's first cargo of Venezuelan crude after a U.S. license received in November has departed from a ship-to-ship transfer hub near Aruba to its Pascagoula, Mississippi refinery.
Oil dives 4%, trade choppy on worries about China, global economy
Oil prices tumbled 4% in volatile trade, pressured by weak demand data from China, a gloomy economic outlook and a stronger U.S. dollar.
JPMorgan sets 2030 emissions targets for polluting industries
JPMorgan said it had set targets to cut emissions tied to its finance and dealmaking in the iron and steel, cement and aviation sectors, as those emissions linked to oil and gas usage rose.
TC Energy has submitted plan to restart Keystone pipeline after spill
TC Energy Corp has submitted its plan to restart the Keystone pipeline to U.S. regulators, a source familiar with the matter said on Tuesday, nearly two weeks after the line ruptured in the worst oil spill in the United States in nine years.
Adding EVs to U.S. biofuels law is environmental agency's 2023 task
The Biden administration could change the nation's biofuel blending law next year to offer lucrative credits to electric vehicle manufacturers like Tesla, a major rewrite that the oil industry criticizes as subsidizing the EV industry.
U.S. begins buying back oil for strategic reserve
The U.S. Energy Department said on Friday it will begin buying back oil for the Strategic Petroleum Reserve, or SPR, the first purchase since this year's record 180 MM barrel release from the stockpile.
- Borouge to supply advanced polyolefin solutions for next-generation vehicles 11/18
- BGN announces strategic MoU with XCF Global to produce and supply SAF 11/17
- KazMunayGas and Uzbekneftegaz partner to build 50,000-tpy linear alkylbenzene plant 11/17
- Chevron joins race to explore potential purchase of Lukoil assets, including refineries 11/17
- Abra Group and Sumitomo sign MoU to advance affordable SAF in Brazil 11/17
- Sonatrach signs contract for unit with Sinopec subsidiary to boost gasoline production capacity 11/17
