South America
Copersucar revenue to grow by $1.5 B after Eco-Energy deal with Green Plains
Brazilian company Copersucar's annual revenue will grow by $1.5 B after its majority-held subsidiary Eco-Energy reached a deal to sell and distribute ethanol produced at Green Plains' plants in the United States.
As Brazilian president visits China, $1-B SAF deal announced
Brazil announced two Chinese partnerships on Monday, including a $1-B investment by China's Envision Energy to produce sustainable aviation fuel (SAF), as the country's president visits China.
HIF, Porsche AG and Shell sign e-Fuels supply agreement for Haru Oni facility
HIF Global, through its subsidiary HIF Chile, signed an agreement with Porsche AG and Shell for the delivery of e-Fuels produced by HIF’s Haru Oni e-Fuels facility in Punta Arenas, Chile.
Digital Feature: How consensus-based standards are shaping the future of oil and natural gas worldwide
With its cross-border projects, interconnected supply chains and technical systems spanning continents, the global oil and natural gas industry is indeed complex. And while managing safety, sustainability, efficiency and reliability across these diverse environments has never been simple, the challenges continue to grow as expectations rise and technologies evolve.
Venezuela restarts Carbon refinery's FCCU after a year out of service
Venezuela's second largest refinery, Cardon, restarted its fluid catalytic cracker which had been out of service for more than a year due to a failure and lack of raw materials
Petrobras doubles processing capacity at UPGN in Boaventura Energy Complex
The second module of the natural gas processing unit of the Boaventura Energy Complex, located in Itaboraí, has begun commercial operations. In addition to the first module, inaugurated last year, the unit's total processing capacity reaches 21 million m³/day.
Venezuela loses 20% of oil exports after cargo cancellations to Chevron
Venezuela's oil exports fell almost 20% to some 700,000 bpd in April, the lowest level in nine months, as cargo cancellations to U.S.-based producer Chevron forced ships to return and left some ports empty.
Venezuela restarts Amuay refinery's FCC after El Palito halts unit
Venezuela's state-run oil company PDVSA has restarted the fluid catalytic cracker unit (FCCU) at the country's largest refinery, the 645,000-bpd Amuay, expanding its capacity to produce motor fuels.
EIA: Distillate and jet fuel contribute to record U.S. petroleum product exports in 2024
In 2024, U.S. exports of total petroleum products increased to a record 6.6 MMbpd annual average, according to the U.S. Energy Information Administration (EIA). Annual U.S. petroleum product exports increased by 495,000 bpd as U.S. exports of distillate fuel oil—typically sold as diesel—and jet fuel increased compared with 2023, while exports of total motor gasoline decreased.
Declining prices enable Brazil to raise biodiesel blend to 15%
Declining vegetable oil prices are clearing the way for Brazil to increase its mandatory biodiesel blend into diesel to 15%, up from 14%.
- Envision Energy powers world's first green marine ammonia bunkering 7/25
- New catalyst breakthrough could make clean ammonia easier to produce 7/25
- U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses 7/25
- CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions 7/25
- PetroChina makes FID for new northeast refinery complex 7/25
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
