The decision by OPEC+ to extend current production cuts, and an additional voluntary 1 million bpd reduction from Saudi Arabia in July 2023, should provide support for prices during the rest of 2023, according to Wood Mackenzie.
Linden Cogeneration has successfully completed the commissioning process of its hydrogen blending initiative which stands to curb refineries' CO2 emissions.
After extensive repairs due to a fire, workers at Cenovus' Toledo refinery in Ohio, US, hope to restart the facility's crude 1 sour unit this week, followed by the sequential start-up of the rest of the facility.
Taiwanese refinery, CPC Taoyuan, was the recent recipient of the 22nd Public Construction Golden Quality Award for the successful start-up and continuous operation of a MECS® DynaWave® wet gas scrubbing system for flare gas desulfurisation.
The EIA expects global oil production to be lower than previously expected after OPEC+ announced that it will extend its crude oil production cuts, and Saudi Arabia announced an additional cut of 1 million bpd.
New research by DNV has revealed that the energy industry is boosting its cybersecurity spending, as heightened geopolitical tensions and the accelerating adoption of digitally-connected infrastructure have sparked concerns over the sector’s vulnerabilities.
DNV and Siemens Energy's global additive manufacturing (AM) business unit are joining forces to create a quality assurance platform for the 3D printing industry.
LyondellBasell has announced plans to delay its refining business exit from year-end 2023 to no later than the end of 1Q25.
Worley has announced the completion of the sale of the turnaround and maintenance business in North America to CAM Industrial Solutions.
RINA and Eni have signed an agreement to jointly develop initiatives that can contribute to the energy transition and decarbonisation of their respective operations, particularly maritime transport.
Shell Global Solutions International B.V. has awarded Worley an enterprise framework agreement (EFA) to provide services to Shell’s projects across the globe.
The American Fuel & Petrochemical Manufacturers (AFPM) has issued a statement following California’s request to ban sales of new gasoline and diesel vehicles by 2035.
Chevron Lummus Global (CLG) and TAQAT Development Co. have announced a license and engineering agreement for a needle coke/synthetic graphite complex.
Lummus Technology has announced that it has reached an agreement with Siemens Energy to acquire assets from its water solutions portfolio including intellectual property and copyrights, trade secrets, and research and development properties.
The Fergana oil refinery in Uzbekistan has made significant progress with its ambitious renovations.