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Europe

Cepsa to invest more than $3.8 B in sustainable energy/mobility by 2027

Spanish oil and gas company Cepsa plans to nearly double its investments over the next three years to a total of 3.6 B euros ($3.82 B), with more than half of that amount going to sustainable energy and mobility.

Tunisia imported record number of Russian diesel/gasoil in February

Tunisia imported record volumes of Russian gasoil and diesel last month as an EU embargo forced Moscow to find new customers for its oil products.

Saudi Aramco buys minority stake in company focused on more fuel-efficient gasoline engines

Saudi Aramco has agreed to take a minority stake in a new powertrain engine company that French car maker Renault SA and China's Geely Automobile Holdings Ltd plan to set up jointly.

Germany has mixed feelings about EU ICE ban

German Transport Minister Volker Wissing called into question a bid by the European Union to ban new cars with internal combustion engines from 2035, saying the use of synthetic fuels should remain possible after the deadline.

Russia's oil/gas revenues fall 40% in January

Russia's revenues from oil and gas exports dropped by nearly 40% in January as price caps and Western sanctions squeezed the proceeds from Moscow's most lucrative export, the International Energy Agency said on Tuesday.

bp pulse and APCOA to build EV hubs across Europe

bp pulse and APCOA Parking Group have signed a strategic pan-European frame agreement to open more than 100 EV fast charging hubs across Europe.

How a ban on Russian crude affects EU's refining industry

A look at how a ban on Russian crude affects oil exports and the EU's refining industry

Neste has introduced a new ReNew lubricant product family produced with renewable/re-refined base oils

Neste is introducing a new Neste ReNew™ lubricant product family in Finland, Sweden, the Baltic countries and Poland during the first quarter of 2023. The new lubricants are produced with renewable or re-refined base oils and high-quality additives.

Neste to supply sustainable aviation fuel to Wizz Air

Neste will provide Wizz Air with 36,000 tpy of Neste-produced sustainable aviation fuel over a period of three years for the airline to use across its route network in Europe and the UK.

Bell Textron completes first helicopter flight using SAF

Bell Textron has completed its first flight fueled solely by 100% sustainable aviation fuel (SAF) with its Bell 505 becoming the first-ever single engine helicopter to fly using 100% SAF.