Refining

Chevron Lummus Global (CLG) has been awarded a new licensing contract for HPCL's integrated hydrocracker and catalytic dewaxing unit.

Neste has been included in the Corporate Knights 2024 Global 100 Index of the most sustainable companies.

Last year proved the power of global markets. Alan Gelder, Wood Mackenzie, UK, presents the company’s refining, petrochemicals and oil market outlook for the new year ahead.

The Dangote petroleum refinery has commenced production of diesel and aviation fuel.

Global oil demand is due to rise by almost 2 million bpd in 2024, according to a report by Wood Mackenzie.

The American Petroleum Institute (API) has released a statement after the US Environmental Protection Agency (EPA) unveiled a proposed rule to establish a fee on methane emissions.

The API has called on policymakers to focus on a long-term energy plan that strengthens energy independence and accelerates energy innovation.

The EIA forecasts average annual crude oil prices in 2024 and 2025 will remain near their 2023 average, with global supply and demand for petroleum liquids expected to be relatively balanced over the next two years.

Curtiss-Wright’s Actuation Division has announced that its new Exlar Tritex EVA electric valve actuator has achieved CSA Class 1, Division 2 (C1D2) Hazardous Location certification.

Black Bay Energy Capital has announced the acquisition of Merichem's technology business unit, comprised of Merichem Process Technologies and Merichem Catalyst Products.

The EIA reports that US retail gasoline prices in 2023 averaged US$0.43 per gal. less than in 2022.

Petrobras has received communication from Mubadala Capital, proposing the formalisation of recent discussions on the formation of a potential strategic partnership.

The EIA reports that the price of Brent crude oil averaged US$83/bbl in 2023, down from US$101/bbl in 2022.

MAIRE's subsidiary, Tecnimont, has successfully achieved the mechanical completion of the rehabilitation works of the old plant (Area 5) for a subsidiary of the Nigerian National Petroleum Company (NNPC).

Topsoe has been selected by Essar to provide technology for a £360 million carbon capture project.