IEA: new refineries will increase global refining capacity in 2022 and 2023
In its June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 million bpd in 2022, and by an additional 1.6 million bpd in 2023.
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Technip Energies has been awarded a contract by Neste for the expansion of its renewable products production capacity in Rotterdam, the Netherlands.
BASF SE has announced its final approval for the construction of the planned Verbund site in Zhanjiang, China. The focus will now be on building the core of the Verbund, which includes a steam cracker and several downstream plants for the production of petrochemicals.
ADNOC and TotalEnergies have signed an agreement to deepen their long-standing partnership and explore new opportunities for growth across the energy value chain.
Headquartered in Abu Dhabi, UAE, the new JV aims to support the energy transition in the UAE, the broader Middle East region, and North Africa, by providing added-value services in blue and green hydrogen and related decarbonisation projects.
A fire at Freeport LNG’s natural gas liquefaction plant led to the full shutdown of the facility, which reduced US export capacity by an estimated 2.0 billion ft3/d.
Dragos has announced the expansion of its global agreement with Emerson. With this agreement, Emerson has validated the Dragos Platform within its DeltaVTM distributed control system, providing organisations with greatly enhanced ICS/OT cybersecurity.
Boeing and Alder Fuels have announced a new partnership to expand production of SAF around the world.
Wood Mackenzie reports that China’s LNG imports are set to fall over 14% year-on-year to 69 million t in 2022, the largest decline since it began LNG imports.
Rystad Energy discusses how Africa is poised for a downstream refining revival, as Europe prepares for the phase out of Russian oil and focuses on the energy transition.
