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Refining

Russia's oil/gas revenues fall 40% in January

Russia's revenues from oil and gas exports dropped by nearly 40% in January as price caps and Western sanctions squeezed the proceeds from Moscow's most lucrative export, the International Energy Agency said on Tuesday.

U.S. EPA's proposal would allow a higher ethanol blend in Midwest states

The U.S. Environmental Protection Agency proposed a rule that would allow sales of gasoline with a higher ethanol blend in certain U.S. Midwest states.

Methanex-Mitsui complete first net-zero voyage fueled by bio-methanol

Methanex Corporation and Mitsui O.S.K. Lines, Ltd. announced the dual-fuel vessel “Cajun Sun” successfully completed the first-ever net-zero voyage fueled by bio-methanol.

Motiva shuts coker at Port Arthur refinery (U.S.) for repairs

Motiva Enterprises shut down its coker at the 626,000-bpd Port Arthur, Texas, refinery to repair piping.

Brazil to resume taxes on fuels

The Brazilian government is set to resume the collection of federal taxes on fuels this week, the Finance Ministry said on Monday.

How a ban on Russian crude affects EU's refining industry

A look at how a ban on Russian crude affects oil exports and the EU's refining industry

Neste has introduced a new ReNew lubricant product family produced with renewable/re-refined base oils

Neste is introducing a new Neste ReNew™ lubricant product family in Finland, Sweden, the Baltic countries and Poland during the first quarter of 2023. The new lubricants are produced with renewable or re-refined base oils and high-quality additives.

Luberef signs EPC contract for Yanub Growth 2 project

Luberef signs a nearly $150-MM EPC contract to increase Group 2 base oils production in Yanbu.

Yulong Petrochemical signs feedstock deal for its 400,000-bpd integrated complex with bp and Chevron

China's Yulong Petrochemical has signed memorandum of understanding agreements with bp and Chevron to supply its 400,000-bpd greenfield refinery in northern China.

Ecopetrol selects Honeywell Technology for advanced solvent carbon capture study on FCCUs in Colombia

Honeywell has been selected by Ecopetrol S.A. (Ecopetrol), the largest company in Colombia and one of the main diversified energy companies on the American continent, to develop a prefeed engineering study for an Advanced Solvent Carbon Capture (ASCC) modular demonstration unit, which will be used to evaluate carbon dioxide (CO2) capture from Ecopetrol fluid catalytic cracking units (FCCUs).