Economics
Australia’s Ampol to upgrade Lytton refinery, posts 1.1% rise in annual profit
Australia’s Ampol Ltd said it intends to upgrade its Lytton refinery located in Queensland to align its gasoline production quality to comply with the latest standards for both regular and premium gasoline grades.
Topsoe ammonia technology to boost Approtium's hydrogen production in South Korea
Topsoe has signed an engineering agreement with Approtium to deliver its proven ammonia cracking technology, H2RETAKE, converting low-carbon ammonia, also referred to as blue ammonia, back into hydrogen.
UAE's Fujairah January marine bunker sales rise to five-month highs
Marine bunker fuel sales at Fujairah port in the United Arab Emirates recovered to five-month highs in January, latest data showed, in line with stronger refueling demand globally following Red Sea events.
Singapore to impose green fuel levy on flights from 2026
Travelers will need to bear the cost of the transition towards green jet fuel, Singapore's transport minister said as he announced the city state's plans for a levy on flight ticket prices as the aviation industry seeks a viable funding model.
Aircastle announces investment commitment to SAF fund
Aircastle Limited announced that it has made an investment commitment to the United Airlines Ventures' Sustainable Flight Fund.
Evergreen Marine and X-Press Feeders sign MOA for green methanol shipping routes in Europe
Evergreen Marine Corporation has signed a MOA with X-Press Feeders to place its containers on X-Press Feeders’ new dual fuel green methanol vessels.
Russia cuts fuel oil supplies by rail for further export by 1.2% in January
Russia reduced fuel oil supplies via rail for further export by 1.2% in January from the same month a year ago and by 6.2% from December amid refinery outages.
India resumes buying Russian Sokol oil after 2-month hiatus
India has resumed imports of Russian Sokol oil after a two-month gap with at least two refiners so far taking deliveries of the light sweet crude in February.
Fire at Equinor's Mongstad, Norway oil refinery extinguished
Equinor said in a statement that the fire, in an electrical kiosk at the refinery, had been extinguished and that emergency personnel were sent for routine medical follow-up.
U.S. refinery M&A stalls as buyers shun aging assets, uncertain future
The U.S. oil industry saw nearly $200 B in upstream deals last year, but the refining sector missed out despite plenty of willing sellers as the energy transition away from fossil fuels accelerates and casts doubt over the long-term value of aging U.S. refineries.
- 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
