Europe
Technip, Chemetry sign cooperation agreement for EDC technology
Technip and Chemetry have signed an exclusive cooperation agreement for the licensing and engineering of Chemetry’s eShuttle technology for the production of ethylene dichloride (EDC). EDC is a commodity chemical produced worldwide and used primarily for PVC plastic production.
OPEC, non-OPEC agree first global oil pact since 2001
VIENNA (Reuters) -- OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries.
Saudis order oil cuts to US, Europe before non-OPEC talks
VIENNA/SINGAPORE (Reuters) -- Saudi Arabia has told its US and European customers it will reduce oil deliveries from January as Russia signaled that a commitment from non-OPEC producers to join OPEC's output limits still faced challenges.
Rosneft says it has enough oil as Glencore raises stakes in Russia
MOSCOW (Reuters) -- Rosneft said on Friday it has enough oil to fulfill new contracts with Swiss trader Glencore as markets gear up for a fierce battle between some of the world's largest merchants for supplies from the Russian company.
Urals and CPC Blend differentials softened, Azeri Light exports surge in January
MOSCOW (Reuters) -- Urals and CPC Blend crude differentials to dated Brent weakened on Thursday, as sellers were eager to get rid of December barrels, while Azeri Light loading plan for January showed healthy build in exports next month.
Linde AG resume merger talks with Praxair, Inc., CEO resigns
MUNICH – The Executive Board of Linde AG has decided to resume talks over the terms of a potential merger of equals between the company and American company Praxair, Inc., after consulting with the Supervisory Board.
PKN ORLEN increases crude oil supplies to Czech refinery
PKN ORLEN signed an annex with Tatneft Europe AG to the agreement for crude oil supplies to Czech refinery in Litvinov that provides the extension of contractual period and increases the possible maximum volume of the crude oil delivered.
McKinsey report forecasts global refining capacity growth to exceed demand until 2020
LONDON, UK -- McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight and support to the global energy industry, forecasts that until 2020, global refining will move towards lower utilization and margins as capacity growth exceeds demand. Post-2020 market conditions are expected to improve with higher demand for distillates due to marine pollution (MARPOL) regulations.
Outages brighten European refineries' year-end profit prospects
LONDON (Reuters) -- European oil refiners are enjoying healthy profits in the fourth quarter compared with other regions due to unplanned maintenance in the Atlantic basin that has eroded inventories, offsetting typically weaker year-end demand.
Saras shuts down catalytic reforming unit at refinery for failure
(Reuters) -- Italian refiner Saras said that due to a failure, it was necessary to shutdown one of the two Catalytic Reforming units of the Sarroch refinery (the CCR unit), which produces high-octane gasoline blending components, as well as hydrogen to be used in the desulphurisation processes, due to a failure.
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- BASF adds ISCC EU certification to certified biomass-balanced methanol portfolio 11/19
- Siam Cement to invest an additional $500 MM in Long Son chemical complex 11/19
- LanzaJet produces first jet fuel from ethanol at a commercial scale 11/19
- Ducor Petrochemicals, Blue Circle Olefins partner to create a fully circular supply chain for polypropylene 11/18
- World's first: Air Liquide’s innovative technology converts ammonia into hydrogen at industrial scale 11/18
