Europe
GE O&G '17: "The future is not what it used to be"
FLORENCE, ITALY—Changes in the energy mix were on top of the agenda of the first day of GE Oil & Gas' Annual Meeting 2017. We covered viewpoints from key executives and leaders from GE, the IEA and Total, as well as the CEO of BP.
GE O&G '17: BP chief says digitization is future of O&G industry
FLORENCE, ITALY—Following the plenary keynotes of GE Oil & Gas' Annual Meeting 2017 on Monday, January 30, a "fireside chat" was hosted by GE Chairman and CEO Jeffrey R. Immelt and BP Group CEO Robert "Bob" Dudley (Fig. 1; Mr. Dudley pictured on top screen).
Traveling sauna in US will run on Neste renewable diesel
When traveling the US roads in 2017, drivers may encounter a surprise amidst the conventional cars, trucks, and 18-wheelers. Throughout the year until December, a fully-functional Finnish sauna on wheels will travel 12,000 miles across the country. Neste is a sponsor of the Traveling Sauna, which is one of the many ways in which Finland celebrates its 100 years of independence in 2017.
Eni, SONATRACH sign agreement to study feasibility of petchem complex in Algeria
San Donato Milanese -- Versalis (Eni) and SONATRACH signed today in Algiers a Memorandum of Understanding to carry out joint feasibility studies for an integrated petrochemical complex to be built in Algeria.
Unipetrol profits jump after cracker restarted, impairment reversed
PRAGUE (Reuters) -- Czech oil refiner Unipetrol's fourth-quarter net profit jumped to 4.17 billion crowns ($166.15 million) after the restart of some facilities and the reversal of an impairment allowance, the company said on Thursday.
Russia beats Saudi Arabia as China's top crude oil supplier in 2016
BEIJING (Reuters) -- Russia overtook Saudi Arabia in 2016 to became China's biggest crude oil supplier for the first year ever, customs data showed on Monday, boosted by robust demand from independent Chinese "teapot" refineries.
10,000 liters of Neste renewable diesel produced from waste ham fat
Last Christmas, 40,000 Finnish households donated the waste fat from their Christmas hams to the charity campaign "Kinkkutemppu," which literally translates into Ham Trick. From this waste ham fat, Neste produced 10,000 liters of Neste MY Renewable Diesel at its Porvoo refinery for sale at Neste stations. Neste donates the value of the product to Hope, an association which helps low-income families, and to Icehearts, a sports club which aims to prevent social exclusion and promote well-being.
Statoil says mistakes, lack of maintenance led to Troll, Mongstad accidents
OSLO (Reuters) -- Operational mistakes and a lack of maintenance led to two near-fatal accidents at Norway's Troll field and at the Mongstad refinery, operator Statoil said on Friday.
Novozymes cuts jobs, says US policy, Monsanto deal pose risks
COPENHAGEN (Reuters) -- Enzymes maker Novozymes will cut 198 jobs and invest more in emerging markets, it said on Wednesday, adding it could time take to recapture past growth rates amid uncertainty over US renewable energy policy and the takeover of a key partner.
Oil price slides on prospect of rising US production
LONDON (Reuters) -- Oil prices fell on Wednesday on expectations that US producers would boost output, just as OPEC signaled that a global supply-reduction deal will shrink the oil glut this year.
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