Refining

INEOS Energy has agreed to sell its Norwegian oil and gas business to PGNiG for US$615 million.

EIA reports that China’s refineries processed more crude oil than US refineries for most of 2020.

Siemens Energy will supply eight topside modules and support for a floating production storage and offloading (FPSO) vessel offshore South America.

‘Carbon Capture, Utilization, and Storage (CCUS) 2021 – 2040’, a new report from IDTechEx, has explored the technical and commercial factors key to the success of CCUS.

Clean Planet Energy have unveiled two new ultra-clean marine fuels made from non-recyclable plastic waste.

SNC-Lavalin has been awarded a framework contract to provide engineering and consultancy services to Vopak LNG in support of their liquefied natural gas (LNG) growth strategy.

Clariant Catalysts has opened a new research and development (R&D) centre at its new One Clariant Campus (OCC) in Shanghai.

Sulzer has enhanced its production capabilities in its Kotka factory in Finland.

The US EIA has projected that jet fuel consumption will not increase as quickly as air travel demand.

Ecopetrol has invested in Aspen technology solutions as part of its digitalisation initiative to improve refining margins.

HyNet North West has received £72 million in funding from the UK government to help transition the country to ‘net zero’ greenhouse gas emissions by 2050.

Vopak LNG is investing in the feasibility of developing an LNG import terminal for Victoria, Australia.

The EIA expects crude oil prices to rise through April because of lower OPEC production.

PKN ORLEN has signed an oil supply contract with Rosneft, with the monthly contract volume amounting to 300 000 t of oil.

MOL Group has become a biofuel producer through the realisation of its investment in the Danube refinery.