Refining

In 1H23, natural gas spot prices at Texas hubs traded closer to the US benchmark, Henry Hub, than in the second half of 2H22.

The EIA has reported that refiners in China processed and imported record volumes of crude oil in 1H23, sourcing much of the additional crude oil runs from Russia, Iran, Brazil, and the US.

US natural gas pipeline exports to Mexico set a new record in June 2023, surpassing the previous record set in June 2021.

The EIA reports that energy trade between the US and Canada totalled US$190 billion when adjusted for inflation, compared with US$134 billion in 2021.

The production of renewable diesel has restarted at the expanded part of Neste’s Singapore refinery after operational shutdown.

Sarens has replaced the heat exchanger at Hengyuan Refinery's oil plant in Port Dickson, Malaysia, as part of maintenance works.

Shandong Haike Chemical Co. Ltd, has selected Axens’ Vegan technology to produce sustainable aviation fuel (SAF).

The API has released a statement after the Biden Administration failed to include representatives from the natural gas and oil industry in the White House Methane Summit.

Indonesia’s oil and gas sector must undergo a major overhaul in the way it operates if it is to realise the full potential of the country’s natural resources and support a successful energy transition, according to Wood Mackenzie.

US refining capacity has increased slightly for the first time since the COVID-19 pandemic, reversing two years of decline, according to the EIA's annual Refinery Capacity Report.

ClearSign Technologies' collaboration partner, Narion, has been awarded a US$250 000 grant from the US Department of Energy to develop a technology that will enable the efficient and complete combustion of flared waste gas.

VTTI will work with Wastefront on the deployment of eight world-scale tyre recycling plants at VTTI sites, using Wastefront’s Blueprint licence.

The US Energy Information Administration (EIA) has forecast higher oil prices in 2H23, and into 2024.

Gemcorp, Africa Finance Corp. and Afreximbank have announced the financial close of the Cabinda Oil Refinery with a US$335 million project financing facility.

Asia is expected to witness the highest refinery fluid catalytic cracking unit capacity additions globally during 2023 – 2027, says GlobalData.