Europe
Sweden to cut biofuel additives in gasoline and diesel
Sweden's minority coalition has agreed to lower the amount of biofuel mixed in diesel and gasoline, a move it says will cut prices for cash-strapped drivers, but which climate groups say will increase C02 emissions.
Russia's Lukoil completes sale of ISAB oil refinery in Italy
Russia's second-largest oil producer Lukoil said its subsidiary LITASCO had completed the sale of the ISAB oil refinery in Sicily to Cypriot private equity firm G.O.I. Energy following approval by Italian authorities.
Russia sticking to its oil output cuts says deputy Prime Minister Novak
Deputy Prime Minister Alexander Novak said Russia was abiding by its voluntary pledge to cut oil output by 500,000 bpd from February until the end of the year.
Kazakhstan to ban oil products supplies via rail to Russian port of Taman
Kazakhstan Railways will ban transportation of oil products to the Russian Black Sea port of Taman in 2023, according to a document from the state-owned railway operator.
Phillips 66 beats profit estimates as refining margins soar
U.S. refiner Phillips 66 beat Wall Street estimate for first-quarter profit, joining rivals in gaining from elevated margins on sustained fuel demand amid tight crude supplies.
Oerlikon orders fall as soft China demand hits polymers
Swiss industrial group OC Oerlikon said its orders fell nearly 14% in the first quarter, as weak filament demand in China led to postponements at its polymer business.
Neste moves forward in its renewable hydrogen project in Porvoo, Finland
In accordance with its ambition to reach carbon neutral production by 2035, Neste is working on a 120 MW electrolyzer project to produce renewable hydrogen at its Porvoo refinery in Finland.
Jet Aviation partners with FlyORO to bring blended sustainable aviation fuel to Singapore
Jet Aviation announced that it has partnered with FlyORO to offer custom blends of SAF at its Singapore Fixed Base Operation at Seletar Airport.
Business Trends: In uncertain times, how can industry balance energy security, sustainability and affordability?
What happened in 2022 has challenged assumptions about the energy transition.
Oil group MOL disputes hikes to pipeline fees through Ukraine, Croatia
Hungarian oil group MOL expects to be able to choose between Russian or non-Russian crude for its refineries by 2026 by implementing substantial investments.
- px Group signs LOIs for major SAF and green hydrogen/ammonia projects in Europe 6/19
- How TotalEnergies is utilizing hydrogen to decarbonize its refineries in Europe 6/19
- Oil tanker market signals more Middle East energy disruption ahead 6/19
- Yokogawa collaborates with Shell on robotics and AI technology for plant maintenance 6/19
- Alder Process Technology uses APS to produce low-carbon marine fuels 6/19
- Yokogawa celebrates 50th anniversary of CENTUM DCS: A pioneering achievement 6/19
