Crude oil prices fell in 2025 amid oversupply
The US EIA has reported that crude oil prices generally declined in 2025 with supplies in the global crude oil market exceeding demand.
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In this latest Hydrocarbon Engineering Spotlight Interview, Senior Editor, Callum O'Reilly is joined by Felicitas Cokoja and Francisco Amaral of Clariant Catalysts.
NEXTCHEM acquires 100% of Ballestra Group
NEXTCHEM has agreed to acquire 100% of Ballestra Group, composed of Ballestra S.P.A. (Italy), Buss Chemtech Ag (Switzerland), and Ballestra Engineering and Projects Pvt (India).
PETRONAS signs supply agreement with CNOOC
PETRONAS has entered into a sale and purchase agreement with CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd for the supply of 1 million tpy of LNG.
Phillips 66 Ltd agrees to acquire Lindsey Oil Refinery assets
Phillips 66 has said that key facilities will be integrated into the Humber Refinery rather than restarting standalone refinery operations at the Lindsey site.
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Upcoming hydrocarbon events
21st International Conference & Exhibition on Liquefied Natural Gas (LNG2026)
02 Feb 2026 - 05 Feb 2026
Qatar National Convention Centre (QNCC),
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Qatar
76th Annual Laurance Reid Gas Conditioning Conference
17 Feb 2026 - 20 Feb 2026
Norman,
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Technip Energies acquires Ecovyst's AM&C business
Technip Energies has announced the completion of its acquisition of the Advanced Materials & Catalysts (AM&C) business from Ecovyst Inc., a global leader in specialty catalysts and advanced materials.
INA completes construction of key systems for new refinery unit
The Rijeka refinery upgrade project has entered its final phase of implementation as construction works on the key systems of the new processing units have been completed, Croatia.
Tasnee announces scheduled maintenance at joint venture plant
Tasnee has announced the planned periodic maintenance shutdown at the Saudi Ethylene and Polyethylene Co. (SEPC), which will coincide with the extended shutdown related to the ethylene cracker expansion project.
MAIRE inaugurates new premises in MyReplast’s upcycling plant
NEXTCHEM has inaugurated its new premises at its MyReplast upcycling plant in Bedizzole, Brescia, Italy, during a ceremony attended by local authorities and company top management.
Revolutionise efficiency
Shaista Mallik, Seeq, explores how modern software tools, such as AI, ML, and advanced analytics, are empowering processors to drive efficiency and profitability throughout their enterprises.
Creating a circular carbon economy
Miro Cavkov, Euro Petroleum Consultants (EPC), explores how carbon capture, utilisation, and storage (CCUS) technology can be used by refiners as a tool for decarbonisation, by preserving and reusing the carbon molecule.