Economics
ABEL Energy accelerates Townsville green methanol for Singapore MPA's shipping fuel
ABEL Energy completed the Singapore Port MPA tender for the supply of green methanol and was pleased to hear the recent news from Hon PM Albanese that a green and digital shipping corridor is being established, which will help decarbonize and digitalize shipping routes between Singapore and Australia.
Global LNG market will 'be tight' until 2026 - TotalEnergies CEO
The global LNG market will be tight until 2026, Patrick Pouyanne, CEO of TotalEnergies, said at a conference in Houston.
Oil prices edge down as Russia lifts supplies, jet fuel demand stirs caution
Oil prices edged down early after gaining in the previous trading session, due in part to the prospect of rising supply from Russia as well as the possibility of slower-than-expected downstream demand in sectors such as jet fuel.
New ASEAN Energy and ACTUAL sign cooperation agreement to develop net-zero plan for the new $5-B Pengerang Energy Complex
New ASEAN Energy and ACTUAL have formed an agreement, leveraging ACTUAL’s AI-driven capital planning technology to develop a comprehensive net-zero emissions strategy for The Pengerang Energy Complex.
TES partners with 7 large international companies to create a global e-NG coalition
TES has entered into an MOU with other large international companies to sponsor the creation of a global coalition, the e-NG Coalition, which is exclusively dedicated to electric natural gas (e-NG or e-natural gas), also referred to as e-methane.
Colombia cops seize 7.3-MM gallons of crude in raids on illegal refineries
Colombian police have seized more than seven million gallons of crude oil in raids on illegal refineries, in an operation targeting production of bootleg fuel in Norte de Santander province.
bp's Indiana (U.S.) refinery back to normal operations after Feb outage
bp’s 435,000-bpd Whiting, Indiana (U.S.), refinery has returned to normal operations for the first time since a February plantwide power outage.
Iraq to curb oil exports to compensate for overproduction
Iraq will reduce its crude exports to 3.3 MM bpd in the coming months to compensate for any rise above its OPEC+ quota in January and February.
Belgian government delays export fuel quality legislation
The Belgian government could pass its proposed legislation to tighten the quality of exported fuels as late as June now, missing its previous target of the second half of March 2024.
Italy's Saras reports drop in 2023 core profit of refined products ahead of Vitol's takeover
Saras reported a 41% fall in its full-year comparable core earnings due partly to weaker profitability of refined products, as global commodity trader Vitol prepares to take over the Italian oil refiner later this year.
- Ducor Petrochemicals, Blue Circle Olefins partner to create a fully circular supply chain for polypropylene 11/18
- World's first: Air Liquide’s innovative technology converts ammonia into hydrogen at industrial scale 11/18
- Borouge to supply advanced polyolefin solutions for next-generation vehicles 11/18
- ASTM International signs MoU with Gulf Cooperation Council Laboratory Company for Technical Services (GCC Lab TSCo.) 11/18
- KBC launches Visual MESA Energy Management System 7.3 11/18
- MHI Compressor secures steam turbine contract at Baton Rouge (U.S.) olefins plant 11/18
