Partners to design new large-scale LNG bunkering vessel
Classification society Lloyd’s Register and ship builder HD Hyundai Mipo (HMD) will design a large-scale liquefied natural gas (LNG) bunkering vessel to meet the rising demand for LNG bunkering. Having…
Nikkiso targets ammonia with new high-capacity pump
Nikkiso Clean Energy & Industrial Gases Group (Nikkiso) has launched a new submerged ammonia pump designed to meet the growing demand for ammonia across a range of applications. The pump,…
Iraq Explores Global Crude Storage with Exxon
Iraq’s state oil marketing firm is in discussions with Exxon for potential crude storage sites close to demand markets in Asia, the United States, and Europe, Bloomberg reports, citing a…
China’s Curbs to Excess Refining Capacity Could Take Years
It could be years until China sees the results of the ongoing push to curb excess refining capacity and tackle price wars and disorderly competition, one of the biggest independent…
U.S. Tariffs Could Slash Global Petrochemicals Trade
Global petrochemicals trade could decline by 15% due to the U.S. tariffs upending destination flows, executives from the industry told Reuters on the sidelines of the APPEC conference in Singapore.…
European ethanol plants captured 1.5m tonnes of CO2 in 2024
European renewable ethanol producers are now a major source of captured carbon dioxide, with more than half of the sector’s installed capacity fitted with CO2 capture systems. In 2024, European…
Canada backs three CCUS projects with $5.8m funding
The government of Canada is spending $5.8m to support carbon capture, utilisation and storage (CCUS) projects in British Columbia. Tim Hodgson, Minister of Energy and Natural Resources, announced yesterday (8…
Saudi Arabia Cuts Asia Oil Prices
Saudi Arabia has once again reduced the price of crude oil it sells to Asia, with the premium for the flagship Arab Light at $2.20 a barrel over the Dubai/Oman…
Kurdistan Has Lost $28 Billion From Its Oil Dispute
Kurdistan has lost some $28 billion from a dispute between the government of the semi-autonomous region, the central Iraqi government, and Turkey that has been running for over two years…
Maersk Executive Sees Risk of Lower Oil Prices From OPEC+ Hike
A senior executive from shipping major Maersk has joined the chorus of bearish oil price predictions following OPEC+’s decision last Sunday to extend their production hikes for another month. “I…
