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AI could cut LNG production costs by $80bn a year by 2050
By 38 min ago 3 min read AI-adopting LNG producers could save up to $80bn a year by 2050, according to new research from Honeywell and MIT Center for Sustainability…
Sinopec awarded FEED contract for huge Uzbekistan e-fuels project
By 48 min ago 2 min read Chinese state-owned conglomerate Sinopec Engineering Group will conduct front-end engineering design (FEED) for Allied Biofuels’ 400,000 tonne-per-year green hydrogen-based fuels plant in Khorezm,…
Rosneft Proposes Oil Firms to Refine 30% of Crude in Russia to Ease Fuel Crunch
Russia should require its oil companies to refine at least 30% of their crude domestically to ease the fuel supply crunch, according to Igor Sechin, chief executive of Russia’s state-controlled…
Moscow Refinery May Stay Offline Until 2027
The Moscow Oil Refinery is highly unlikely to resume production before 2027 after suffering extensive structural damage from multiple strikes by Ukraine’s long-range drones, dealing a further blow to a…
Euro Sinks To One-Year Low As Oil Price Drop Fuels ECB Rate Cut Bets
The euro has sunk to a one-year low, with easing of tensions between the United States and Iran helping to cool oil prices and raise expectations that the European Central…
Air Liquide to build two nitrogen units for Silleno plant in Kazakhstan
By 13 min ago 2 min read Air Liquide Karabatan Tech Gases (ALKTG) will build two nitrogen production units to supply Kazakhstan-based petrochemicals firms Silleno’s planned polyethylene plant in Kazakhstan’s…
Irish developer eyes exclusive rights to manufacture CPH2 electrolysers
By 37 min ago 2 min read Clean Power Hydrogen (CPH2) is in talks to hand over manufacturing of its electrolyser to Irish developer Hidrigin after its flagship membrane-less system…
Arc3 Gases brings helium purifier online in Virginia
By 45 min ago 1 min read North Carolina-based industrial gases, welding equipment and welding supplies company Arc3 Gases has brought a helium purifier online at its Chester, Virginia, facility.…
Iran, Oman to Coordinate Hormuz Transits
Shippers can transit the Strait of Hormuz via Iranian or Omani and US-coordinated waters, according to the International Maritime Organization, part of a broader plan to evacuate stranded vessels. The…
