Refining

VARO Energy has announced the divestment of its German subsidiary, VARO Energy Direct GmbH, to Hoyer SE (Hoyer).

As of 1 July 2024, state taxes and fees on gasoline and diesel fuel averaged US$0.33 per gallon (gal) of gasoline and US$0.35/gal of diesel fuel, according to the EIA's federal and state motor fuel taxes table.

Neste is expanding its logistics infrastructure for liquefied recycled raw materials at its refinery in Porvoo, Finland, including materials such as liquefied waste plastic and liquefied rubber tires.

The US Energy Information Administration's (EIA) estimates of diesel consumption in China totalled 3.9 million bpd in June 2024, a decline of 11% from June 2023.

Lummus Technology has announced an award for multiple technologies from Bharat Petroleum Corp. Ltd. (BPCL) for a new world-scale ethylene plant and associated downstream units in Bina, Madhya Pradesh State, India.

The Environmental Partnership has released its sixth annual report highlighting the US oil and natural gas industry’s collaborative efforts to reduce methane emissions and advance environmental progress.

In 2023, 7% more natural gas was consumed in China than in 2022, after a decline of 1.1% in 2022 when economic growth was slower, mainly due to China’s zero-COVID policies, leading to a reduction in natural gas consumption.

BASF has announced the commercial launch of Fourtiva™, a new fluid catalytic cracking (FCC) catalyst for gasoil to mild resid feedstock.

Zeeco Europe has announced the successful commencement of operations at its new office in Germany.

Wood Mackenzie reports that replacing Norway’s oil and gas supplies to Europe with imports would significantly increase emissions between 2024 - 2040.

The US Energy Information Administration (EIA) expects that US residential electricity prices will increase by about 1% in 2024, the slowest rate of year-over-year growth since 2020.

TotalEnergies has signed an agreement to sell its 50% stake in Total PARCO Pakistan Limited (TPPL) to Gunvor Group, a leading global commodities trading company.

ABB has been commissioned to upgrade one of the turbine control systems at the 1300 MW Keppel Merlimau Cogen (KMC) combined cycle gas turbine on Jurong Island in Singapore, to improve efficiency and reliability.

The US Energy Information Administration (EIA) reports that crude oil imports from Canada have become increasingly important to US oil refineries, now making up most US imports.

This partnership aims to accelerate the use of artificial intelligence (AI) to streamline and contextualise data management and asset performance across the oil and gas, energy, petrochemicals, and manufacturing industries.