Neste has signed a renewable power purchase agreement with Statkraft, who will begin the wind power deliveries to Neste's Porvoo refinery in Finland in mid-2022.
Woodside Petroleum Ltd (Woodside) and BHP Group (BHP) have entered into a merger commitment deed to combine their respective oil and gas portfolios by an all-stock merger.
Vertech Group’s tank inspection portfolio is set to expand, having recently been awarded a national bulk liquid storage tank inspection contract for onstream and offstream inspection services.
According to GlobalData, China is expected to register the highest refinery hydrotreater capacity additions in Asia between 2021 and 2025, contributing about 50% of the total capacity additions by 2025.
Honeywell has announced that its cloud-based Honeywell Enraf Inventory Calculation Module (HEICM) has been integrated into Royal Vopak’s MyService Terminal Management System (TMS).
Trinidad Petroleum Holdings Ltd (TPHL) has commenced a broad-based process for a transaction involving the Guaracara Refining Co. Ltd's refining assets, and the restart of the refinery.
McKinsey & Co. predicts that demand for light product, which largely drives refining utilisation, will plateau by the mid-2020s – even in the case of a delayed energy transition.