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EIA: At least 9 new refinery projects to come online before end of 2023 in Asia and Middle East; 2.9 MMb/d

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In the International Energy Agency’s (IEA) June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 The new refinery projects would increase production of refined products, such as gasoline and diesel, and in turn, they might reduce the current high prices for these products.

Asia 418
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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. Global demand for refined products dropped substantially in 2020 as a result of the COVID-19 pandemic. million b/d in 2023.

Global 448
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Plug Power expands hydrogen supply chain partner network in Spain with CLH

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a provider of hydrogen fuel cell systems and fueling solutions enabling e-mobility, announced a new agreement with Spanish hydrogen production and distributor Compañía Logística de Hidrocarburos (CLH). The CLH Group is a leading international company in the transport and storage fuel products in Europe. Plug Power Inc.,

Spain 186
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GECF: more than a quarter of 2050 natural gas supply untapped

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. —Secretary General Sentyurin.

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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

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CCC and Fusion Fuel have agreed to cooperate on projects involving the production of green hydrogen for potential clients in the refining and petrochemical industries in order to reduce their carbon footprint. The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar.

Fusion 170
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Oxea launches new phthalate-free plasticizer as C8/C10 trimellitate replacement

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Oxsoft L9 is suited for special applications where products must meet the most rigid demands, such as the manufacture of resilient and durable high temperature automotive cables that comply with the most severe requirements in this industry. In modern automobiles, stringent demands are placed on internal cables.

Oman 150
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IHS Markit identifies 5 billion barrels of oil equivalent in short-cycle opportunities outside North America

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New energy research from business information provider IHS Markit has identified more than five billion barrels of oil equivalent (BOE) in numerous smaller, previously bypassed, or underperforming reservoirs outside North America that offer oil and gas operators a shorter-cycle path to production than new, frontier projects in undeveloped areas.