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

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Global demand for refined products dropped substantially in 2020 as a result of the COVID-19 pandemic. Less petroleum demand and the associated lower petroleum product prices encouraged refinery closures, reducing global refining capacity, particularly in the United States, Europe, and Japan. million b/d in 2022 and by an additional 1.6

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Saudi Arabia And Iran Reignite The Oil Price War

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The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. sanctions on Iranian oil. The Saudis are also cutting their prices to the prized Asian market to lure more customers as they increase supply. efforts to curb Iranian production.

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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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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.,

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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.

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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. Oxea is owned by Oman Oil Company S.A.O.C.

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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

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Ichthys will develop approximately 3 billion barrels oil equivalent of reserves, including around 500 million barrels of condensate. First production is expected at the end of 2016. Ichthys will provide a long-term stable supply of cleaner energy to. The entire annual production of LNG from the Ichthys project (8.4

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