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 […]

BP to pay $275k for alleged water and air violations

BP Products North America has agreed to pay more than $275,000 (£194,668) in penalties to resolve alleged air and water violations in Indiana. The company will also take steps to reduce around 23,500 pounds of emissions annually from the Whiting petroleum refinery. Located on the southwestern shore of Lake Michigan, BP operates the nation’s sixth […]

ExxonMobil to boost US crude refinery output

ExxonMobil has announced plans to invest in increasing crude oil capacity in the US. It will expand its Beaumont refinery in Texas, boosting capacity by 20,000 barrels a day. The facility currently processes 365,000 barrels of crude oil per day and produces 2.8 billion gallons of gas every year. The company said the increase is […]

Power plant at Grangemouth refinery sold to Ineos

Finnish energy firm Fortum has sold its power plant at Grangemouth to the refinery’s owner, Ineos. Ineos handed over £54 million for the Combined Heat and Power (CHP) plant. Able to generate up to 145 megawatts (MW) of electricity and 257 MW of heat, it provides power and steam to the petrochemical and refining plant. Excess […]

Blaze at BP refinery

A fire broke out at British oil giant BP’s Whiting refinery in Indiana, USA last night. The blaze began at around 9pm local time with the refinery’s on-site fire team putting it out just before 11pm. A spokesperson told ELN it had “no real impact” on operations, adding it was far too early to know […]