Economics
China’s petroleum trade subdued at start of 2023
China’s petroleum trade has disappointed bulls hoping for a rebound at the start of the year to tighten global crude inventories, which helps to explain why benchmark oil prices have fallen progressively since late January.
Lummus acquires water and wastewater treatment technologies from Siemens Energy
Lummus Technology announced that it has reached an agreement with Siemens Energy to acquire assets from their water solutions portfolio including intellectual property and copyrights, trade secrets, and research and development properties. The technologies address water and wastewater needs of the oil and gas industry using carbon adsorption, biological treatment and hydrothermal processes.
Iraq awaits final answer from Turkey to resume exports
Iraq is still waiting for a final answer from Turkey to resume its northern oil exports, which run from the semi-autonomous Kurdistan region to the Turkish port of Ceyhan, Iraq's oil minister Hayan Abdel-Ghani said.
Methane hunters tap new technology to reshape policing of U.S. greenhouse emissions
Charlie Barrett walks through an oilfield in New Mexico's southeastern desert, where the air smells of rotten eggs and old pumpjacks sit among shrub oaks, and turns on an infrared camera that can detect emissions from oil and gas equipment.
Czechs take next step to eliminate Russian oil from Polish-owned refineries
The Czech Republic can cover its oil needs through shipments via the Transalpine Pipeline pipeline from 2025, Prime Minister Petr Fiala said after the country signed a deal to boost capacity along the link.
Oil rises on supply outlook, Saudi speculator warning
Oil rose supported by optimism the U.S. would avoid a debt default, a tighter market outlook and a warning from the Saudi energy minister to speculators that raised the prospect of further OPEC+ cuts to support the market.
SAR Technology Inc. contracts MECS for spent e-grade acid regeneration plant
SAR Technology Inc., located in Tainan, Taiwan, has contracted with MECS, Inc., a subsidiary of Elessent Clean Technologies, for the supply of MECS proprietary technology and equipment in support of a new spent acid regeneration plant.
GenH2 and ZeroAvia sign MoU to develop liquid hydrogen technologies for airports
GenH2 has executed an MOU with hydrogen-electric propulsion developer ZeroAvia to develop liquid hydrogen aviation infrastructure solutions for use in airport environments.
Syzygy Plasmonics selects Emerson to automate electrification of chemical production processes
Global technology and software company Emerson has been chosen by Syzygy Plasmonics to automate its innovative catalyst reactor technology that uses light instead of thermal energy, such as heat generated from burning fossil fuels, for chemical manufacturing.
Oil steady as U.S. default risk offsets demand outlook
Oil prices were steady as caution relating to U.S. debt ceiling talks dragged on optimism over demand later in the year and offset support from lower supplies from Canada and OPEC+ producers.
- HIF Global and German eFuel One GmbH sign HoA for e-methanol offtake 2/20
- Venezuela's refineries boost processing to 35% of capacity 2/20
- New Trinidad gas projects could provide necessary feedstock for country's petchem and LNG sectors 2/20
- MK-Polymer delivers ethylene-propylene rubber to JSC Kazenergokabel 2/20
- Mexican authorities shut down 22-m long tunnel used in illegal smuggling of fuel supplies 2/20
- Digital Feature: First-stage ejector nozzle retrofit achieves meaningful performance improvement 2/20
