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Economics

Trafigura, Vitol might step up trade in Russian oil

Global energy traders Trafigura and Vitol still help to export limited supplies of Russian refined products within the rules of international sanctions, but they are considering whether to resume more trade in Russia's oil

CF Industries to buy Incitec Pivot's U.S. ammonia plant in $1.68 B deal

CF Industries Holdings, the world's top ammonia producer, will buy the U.S. manufacturing facility of Australia's Incitec Pivot Ltd in a $1.68 B deal, the companies said on Monday.

Technip Energies commences study for Texas green fuels export complex

Technip Energies has been selected by Texas Green Fuels (TGF) to commence pre-FEED (Front-End Engineering and Design) for the TGF Galveston Bay clean fuels export project.

Mexican state seeks to punish Pemex for emissions from refinery

Mexico's northern state Nuevo Leon warned that it would seek penalties for state oil company Pemex after a dramatic increase in visible emissions from its Cadereyta refinery.

China still adding to crude inventories even as oil refining jumps

China still added more crude oil to inventories in the first two months of the year, despite lower imports and higher refinery processing rates.

European diesel tightens, crude weakens as French refinery outages linger

European diesel markets are flashing warnings of tightening supply while crude oil markets are weakening after nearly two weeks of disruptions at French refineries due to strike action

Technip Energies awarded a contract for a low-CO2 mega ethylene plant for Huizhou Phase III Project in China

Technip Energies has been awarded a contract by CNOOC and Shell Petrochemicals Company Ltd. (CSPC) for the Huizhou Phase III project, a mega liquid ethylene cracker located in Huizhou, Guangdong Province, China.

Finnair reduces carbon emissions from flights departing Helsinki Airport with Neste MY Sustainable Aviation Fuel

Finnair has purchased 750 tons of Neste MY Sustainable Aviation Fuel from Neste to reduce the carbon emissions from flights departing from Helsinki Airport in Finland.

McDermott Awarded EPsCm Contract from Slovnaft

McDermott has been awarded an engineering, procurement services and construction management (EPsCm) contract from Slovnaft, a.s., for the steam cracker intensification off-gas processing project at its plant in Bratislava, Slovakia.

CPChem invests in Closed Loop Partners' Circular Plastics Fund

Closed Loop Partners’ Circular Plastics Fund announced Tuesday the addition of two new investors– Chevron Phillips Chemical (CPChem) and Charter Next Generation (CNG)–bringing the fund’s total capital to $45 M in an effort to support the development of plastics recycling and recovery infrastructure in North America.