Europe
Baker Hughes, KBC partner on integrated process, operational software solutions
PARIS — Baker Hughes, a GE company and KBC a wholly owned subsidiary of Yokogawa Electric Corporation, announced a preferred partnership that will provide a combination of process simulation, asset performance management and operational software solutions to the oil and gas industry.
EU confirms reduced import duties for Argentine biodiesel
BRUSSELS (Reuters) — The European Union will lower import duties on Argentine biodiesel following a World Trade Organization ruling against initial measures in place, it said on Tuesday.
China's Unipec to ship first VLCC of diesel to Europe
SINGAPORE (Reuters) — Unipec, the trading arm of China’s state-owned Sinopec, is shipping its first very large crude carrier (VLCC) of diesel from China to Europe, two sources close to the matter said on Friday.
CNPC, Eni sign new cooperation agreement
ROME — China National Petroleum Corporation (CNPC) and Eni signed cooperation agreement in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals. The partnership will regard both China and overseas activities.
EIA: Global use of liquid fuels to grow by nearly a fifth by 2040
NEW YORK (Reuters) — Global use of petroleum and other liquid fuels will grow by nearly a fifth by 2040, driven by the transportation and industrial sectors, the US government said on Thursday.
GE awards INEOS for water technology at Scottish petchem plant
TREVOSE, PA. — GE Water & Process Technologies has honored INEOS with its prestigious Ecomagination Leadership and Return on Environment (ROE) awards to recognize the petrochemical manufacturer for its noteworthy reductions in water usage and associated costs savings on its KG ethylene plant at its petrochemical complex in Grangemouth, Scotland.
Ecoslops and Galp giving a new life to oil residues
SINES — Ecoslops, a technology company that regenerates ship-generated hydrocarbon residues (or slops) into valuable new fuels and light bitumen, announced the implementation of a long-term agreement with Galp for the supply of refined cut to the Sines Refinery of Galp.
Greek oil spill spreads to Athens Riviera
ATHENS (Reuters) — Crews scrambled on Wednesday to clean up an oil spill from a sunken tanker which had spread to some of Athens's most popular beaches.
EU carmakers offer conditional 20% CO2 cut by 2030
FRANKFURT/BRUSSELS (Reuters) — European carmakers have offered a further 20% cut in average carbon dioxide emissions for their vehicles in the next round of EU goals currently being drawn up, but said full compliance should wait until 2030 and remains conditional on consumer uptake of electrified cars.
IEA: Global oil inventories shrinking on robust demand
LONDON (Reuters) — The global oil surplus is beginning to shrink due to stronger-than-expected European and US demand growth, as well as production declines in OPEC and non-OPEC countries, the International Energy Agency said on Wednesday.
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