Europe
INEOS Enterprises completes the sale of INEOS Composites to KPS Capital Partners for €1.7 B
INEOS Enterprises has completed the sale of its composites business to KPS Capital Partners for approximately €1.7 B. The composites business is a global leader in producing resins and gelcoats that are used to make strong, lightweight composite plastics found in everything from cars and boats to buildings and electronics.
Maersk names dual-fuel methanol vessel “Adrian Mærsk” at Rotterdam flagship terminal
Maersk has celebrated the naming of the dual-fuel methanol ship Adrian Mærsk at its APM Terminals Maasvlakte II terminal in Rotterdam.
Russia increases fuel, diesel supply to Bolivia amid rising energy crisis
Russia is increasing exports of motor fuels to Bolivia, according to data from LSEG vessel tracking and industry sources, as an energy crisis worsens in the Latin American country and Moscow needs to expand sales hit by Western sanctions.
bp plans to sell its mobility and convenience business in Austria
bp announced its intention to sell its mobility and convenience business in Austria.The marketing process will begin immediately, with the aim of reaching sale completion by the end of 2025, subject to regulatory and all relevant approvals.
Eni, Saipem extend collaboration agreement in biorefining
Eni, Saipem extend collaboration agreement in biorefining. Eni will further develop its biorefining capacity through the development of new initiatives for producing biofuels for both aviation and land/maritime transportation.
BASF, Forestal collaborate on advanced e-methanol production using OASE® technology
BASF and Forestal have signed an early disclosure agreement aimed at advancing the production of e-methanol through carbon capture solutions. Under this strategic partnership, BASF has been selected to share its proprietary OASE® blue technology for use in Forestal’s pioneering Triskelion project in Galicia, Spain.
Signature Aviation brings blended sustainable aviation fuel to six new European locations
Signature Aviation has announced the expansion of its blended sustainable aviation fuel (SAF) offering at six new locations across Europe following multiple blended SAF supply agreements.
Farnborough Airport, Hydrogen Refinery sign landmark SAF deal to help kick-start UK domestic refining sector
Farnborough Airport, the birthplace of British aviation and Europe’s leading airport for premium air travel connectivity, has signed a landmark deal with Hydrogen Refinery for 12.5 MM liters (l) 10,000 tpy of sustainable aviation fuel (SAF) produced locally from waste.
Portugal's Galp confident it will find alternative gasoline markets if U.S. tariffs bite
Portuguese oil company Galp Energia's gasoline exports to the United States could be curtailed if U.S. President Donald Trump imposes tariffs on European goods, but the company is confident it can find alternative destinations.
Update: Russia's idle oil refining capacity revised up 21% in March
Russia's offline primary oil refining capacity for March was revised up 21% from the previous estimates for this month to 3.6 MM tonnes (t) amid maintenance period extension on several refineries.
- Asian gasoline margin spikes to highest since August 2023 11/14
- Lukoil-Moldova grants free use of airport fuel terminal to government amid U.S. sanctions 11/14
- Croatia rejects Russian vacuum gasoil cargo after U.S. sanctions 11/14
- Bulgaria wins UK sanctions reprieve on refinery, petrol stations 11/14
- China's Sinochem shuts one crude unit at Quanzhou after fire 11/14
- Enbridge approves $1.4-B project to boost Canadian oil flows to U.S. refiners 11/14
