New $140m US programme for first-of-a-kind critical minerals refinery

Rare earth element and critical minerals are essential materials used in a broad range of technologies such as advanced aircraft, wind turbines, EVs, semiconductors and hydrogen fuel cells

Essar to build ‘UK’s first’ refinery-based hydrogen furnace

The £45 furnace is forecast to help the refinery save nearly 17,000 tonnes of carbon dioxide per year

INEOS to invest £1bn in achieving net zero by 2045

It is investing the money in its Grangemouth site and is targeting a 60% reduction in carbon emissions by 2030

Greek petroleum giant acquires 12 wind parks

Located in central and northern Greece, the projects will have a total capacity of 240MW

Global spending in hydrogen projects to reach $300bn by 2030

More than 200 large-scale projects are already in the pipeline, new report estimates

Finnish biofuel producer to cut up to 470 jobs due to ‘operational restructuring’

Neste says it is exploring the shutdown of its refinery operations in one of its plants and the transformation of another

Fire breaks out at Stanlow Oil Refinery

The blaze started at a chemical manufacturing building on the site and has not affected refinery operations

Statoil’s Mongstad refinery partially shut after leak

Norwegian oil giant Statoil has evacuated staff after a leak was detected at its Mongstad production facility. The incident was reported to its emergency centre at 7.14am this morning and parts of the plant have been shut down. The firm confirmed the leak has now been stopped and the cause of the incident is being […]

Statoil to shut down ‘unprofitable’ CHP plant

Statoil has announced plans to shut down its combined heat and power (CHP) plant at Mongstad, Norway at the end of next year. The decision to close the plant follows “several years of unprofitable operations”. It was developed in 2010 to improve the energy efficiency at the Mongstad refinery and secure energy supply to industrial […]

Oil imports to OECD countries fell until March

Imports of crude oil from OPEC countries to OECD nations declined during the first quarter of the year. There were shipments coming only from Iran – which increased by 30% – Iraq and Kuwait, which accounted for a 10% rise, new figures from the International Energy Agency (IEA) revealed. Production of crude oil, natural gas […]