The US Energy Information Administration says production averaged 1.107 million barrels a day, the second-highest average on record, and an increase of 1,000 barrels on the week and 56,000 on the year. The high of 1.108 million barrels a day was set in early December 2017. Margins have improved recently and plant capacity is reportedly
As Glasgow welcomes leaders from around the world to the United Nations climate summit, COP26, the founder of a Scottish biotech company is calling for action, not targets. Professor Martin Tangney’s company, Celtic Renewables, turns left-over waste from whisky-making into the kind of everyday chemicals that are normally made in oil refineries, without drilling for
India’s biggest oil refiners are finalizing plans to cut down on emissions from their facilities while remaining optimistic about the future of petroleum fuels in the country. State-run majors from Indian Oil Corp. to Hindustan Petroleum Corp. are opting for low-carbon operations with the use of green hydrogen and clean power. They are also installing
Pollution occurs in every phase of the oil refining process. In this series, we analyze the impacts of pollution in three categories: direct pollution from the refinery operations themselves; “upstream” and “downstream” pollution from transporting crude oil and refined products;1 and indirect pollution from consuming the refineries’ products. It’s important to consider all three categories
No, there’s no difference in gasoline itself but brands mix in different additives, which some studies have shown may impact the quality or wear and tear on your engine over time. Gas is a shared commodity, says Gas Buddy petroleum analyst Patrick De Haan, with a handful of refineries storing it in common containers before
Specially equipped ships could filter plastic from the ocean and convert it into a fuel that would provide power not only for the conversion, but also to drive the ship, creating a self-sustaining clean-up operation. As much as 12.7 million tonnes of plastic enter the oceans each year and it is eventually ground into tiny
Brazil was No. 1 buyer of US LNG for the third month in a row in October amid severe drought that has drained its hydroelectric resources, while Spain was a close second as pipeline gas supplies faced constraints, S&P Global Platts Analytics data showed. Power data from Brazil’s National Electric System operator showed that hydro
Proponents of LNG as shipping’s interim future fuel will face another barrage today with the White House the latest institution to go on the attack. President Joe Biden is to unveil plans today at COP26, the major international climate summit taking place in Glasgow, to limit global methane emissions by 30% from 2020 levels by
The 650,000bpd Dangote Petroleum Refinery, Nigerian National Petroleum Corporation (NNPC) and other modular refineries are expected to be the major drivers of Nigeria’s demand for petroleum products, which is projected to grow massively in the nearest future. Speaking at the just concluded 15th Oil Trading and Logistics (OTL) Africa Downstream Week in Lagos, the Group
Prime Minister Narendra Modi surprised delegates at the COP26 climate summit with a bold pledge: the world’s third-biggest emitter will reach net-zero by 2070. The announcement injected new life into talks that had been set back by a disappointing outcome from the Group of 20 meeting in Rome this weekend. Though India’s goal is two