Refining

US energy-related CO2 emissions drop 25% to 38% below what they were in 2005 by 2030, according to the EIA’s ‘Annual Energy Outlook 2023’.

Aramco and Linde Engineering have signed an agreement to jointly develop a new ammonia cracking technology.

The global energy market is showing 'surprising resilience' despite predictions of a crisis prompted by the war in Ukraine, says climate technology company, Kayrros.

Baker Hughes will collaborate with BP to further define and develop Cordant – a new Baker Hughes integrated suite of solutions for asset performance management and process optimisation.

The rollercoaster ride of the COVID-19 pandemic appears to be coming to an end, with contract activity returning to normal for the global oil and gas industry, despite the ongoing Russia-Ukraine conflict and volatility in crude oil prices.

The API has released a statement underlining that America’s economy and energy sector needs more investment, not less.

BP has launched the green hydrogen cluster of the Valencia, Spain region (HyVal) at its Castellón refinery.

The only petroleum refinery in Colorado, US, shut down in late December 2022 after sustaining damage. The outage has tightened the supply of gasoline and diesel, leading to higher retail prices for both.

Honeywell has been selected by Ecopetrol to develop an engineering study for an Advanced Solvent Carbon Capture (ASCC) modular demonstration unit to be used to evaluate CO2 capture from FCC units.

AVEVA has launched its AVEVA Predictive Analytics software – purpose-built for predictive monitoring of industrial assets in oil and gas, power, chemicals, mining and minerals, and manufacturing.

In 2022, refiners in China processed less crude oil than they did in 2021, which was the first year-over-year decrease in processing according to data going back to 2000.

The companies have entered into definitive agreements to partner in a 50-50 JV, St. Bernard Renewables LLC, for a biorefinery co-located with PBF Energy's Chalmette refinery in Louisiana, US.

Flowserve, a provider of flow control products and services for the global infrastructure markets, and Velan, a manufacturer of industrial valves, have entered into a definitive agreement under which Flowserve will acquire Velan.

The EIA forecasts that US refinery utilisation will remain similar to 2022, at above 90% over the next two years, as the industry returns to more typical rates after low refinery utilisation in 2020 and 2021.

WSG has extended its reach into the European gas and petrochemicals sector with the acquisition of Nitrovia for an undisclosed sum.