Europe
No, TotalEnergies does not produce kerosene for the Russian army
As a shareholder of Novatek, TotalEnergies asked the management of Novatek on August 25 for information on what happens of the gas condensates produced by the Termokarstovoye field in Russia, in order to shed the fullest light on the recent controversy initiated by French daily newspaper, Le Monde.
Aer Lingus welcomes new IAG SAF deal which will power its San Francisco flights
IAG, parent company of both Aer Lingus and British Airways will purchase a total of 78,400 tons of SAF over seven years, enough to reduce CO2 emissions by up to 248,000 tons (the equivalent of taking over 16,000 cars off the road) across the same time period.
Major traders, banks cut business ties with Russia-backed Indian refiner
Many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia's invasion of Ukraine.
Preem plans September maintenance at oil refinery in Sweden
Swedish refiner Preem is planning a partial closure of its 228,000 bpd Lysekil oil refinery in Sweden for maintenance in September for around one month, a company spokesperson said.
PDVSA pauses oil-for-debt shipments to Europe, wants product swaps
Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy's Eni and Spain's Repsol to provide it with fuel in exchange for future cargoes.
The downstream rundown: In case you missed it 08/12
In case you missed any downstream news, here are the top stories from last week.
Maire Tecnimont wins contracts for approximately $96 MM
Maire Tecnimont announced that its subsidiaries Tecnimont and Stamicarbon have been awarded several new contracts and order variations for licensing, engineering services and EPC activities for an overall value of approximately $96 MM.
High fuel prices could erode public support for energy transition, Chevron CEO says
Europe's plan to double down on renewable fuels in response to rising fuel costs could have the unintended short-term effect of increasing prices and slow down the energy transition, Chevron Corp Chief Executive Michael Wirth said.
Croatia ready to increase Adriatic oil pipeline capacity, Hungary says
Croatia is ready to increase the capacity of the Adriatic oil pipeline to supply Hungary and Slovakia with crude in case of any disruptions to imports from Russia via the Druzhba pipeline.
Oil tops $120 a barrel on Saudi pricing despite OPEC+ deal
Oil prices were largely unchanged after choppy trade on Monday, buoyed by Saudi Arabia raising its July crude prices but amid doubts a higher output target for OPEC+ oil producers would ease tight supply.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
