Economics
Oil and gas investor Afreximbank earmarks $3 B to support locally-refined products
The African Export–Import Bank (Afreximbank), a key investor in oil and gas projects, has earmarked $3 B to finance the purchase of refined products within Africa as part of broader plans to boost refining capacity.
Brookfield Infrastructure announces the acquisition of Colonial Enterprises for $9 B
Brookfield Infrastructure Partners L.P. and its institutional partners reached a definitive agreement to acquire 100% of Colonial Enterprises, which includes the Colonial Pipeline, for an enterprise value of approximately $9 B. Colonial is comprised of the largest refined products system in the U.S., spanning approximately 5,500 miles between Texas and New York.
Japan to curb gasoline prices from June to cushion U.S. tariff blow
Japan's ruling coalition agreed to curb gasoline prices to help cushion households against wider economic pain stemming from U.S. tariffs
Oil, gas and refined product imports exempted from Trump’s sweeping tariffs
The exemption will come as a relief to the U.S. oil industry, which had expressed concerns that new levies could disrupt flows and raise costs on everything from Canadian crude oil serving Midwest refineries to European cargoes of gasoline and diesel to the eastern seaboard.
Reliance: India's gasoline demand to peak by 2035, diesel by 2041
India's gasoline demand is expected to peak by 2035, and gasoil (diesel) consumption by 2041 or beyond as motorists shift to cleaner fuels, an executive at Reliance Industries said.
Clariant’s MegaMax 900 catalyst: Powerful start at European Energy’s e-methanol plant
Clariant announced the successful startup of its MegaMax 900 methanol synthesis catalyst at European Energy’s e-methanol plant in Kasso, Denmark. The facility uses biogenic CO2 and green hydrogen to produce up to 42,000 tpy of green methanol
Carbon Clean announces successful completion of world’s first industrial deployment of CycloneCC
Carbon Clean announced the successful completion of the world’s first industrial deployment of CycloneCC. The modular unit has achieved the major milestone of around 4,000 operating hours over a six-month period, delivering a high-purity CO2 product
Colombia's Ecopetrol to invest up to $700 MM in SAF production plant
Colombia's state-run energy company Ecopetrol plans to invest up to $700 MM to build a plant at the Barrancabermeja refinery to produce sustainable aviation fuel
Ergon to invest $400 MM to expand gasoline production at Vicksburg refinery (U.S.)
Ergon Refining Inc. has announced plans to invest $400 MM to expand processing capabilities at our Vicksburg, Mississippi, refinery to include gasoline production, which is expected to come online during the first quarter of 2027.
DB Schenker to use Neste's renewable diesel to decarbonize logistics in Asia
Neste and DB Schenker, one of the world’s leading logistics service providers, have collaborated to work towards expanding DB Schenker’s adoption of Neste MY Renewable Diesel in Asia-Pacific. This partnership underscores the shared commitment of both companies to progress towards lower-emission logistics.
- 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
