Latest News for: Hydrocarbon

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BW Energy: Hibiscus South pilot well confirms hydrocarbons

Oilfield Technology 10 May 2024
The Hibiscus South deposit has been confirmed to extend into the northern part of the field with good reservoir quality, increasing reserve estimates ... .
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DEADLINE ALERT: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Next Bridge Hydrocarbons, Inc. Investors to Secure Counsel Before Important May 14 Deadline in Securities Class Action

PR Newswire 10 May 2024
NEW YORK, May 10, 2024 /PRNewswire/ -- . WHY. Rosen Law Firm, a global investor rights law firm, reminds acquirers of Next Bridge Hydrocarbons, Inc ... The case is against Next Bridge Hydrocarbons, Inc., Ken Rice, George Palikaras, Robert L ... .
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Citgo Petroleum reports Q1 profit of $410 MM

Hydrocarbon Processing 10 May 2024
Oil refiner Citgo Petroleum reported its first quarter net fell 56% to $410 MM, from $937 MM in the same period a year ago ....
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Golden Pass LNG in discussions with contractor, may delay startup

Hydrocarbon Processing 10 May 2024
Golden Pass LNG, a JV between QatarEnergy and Exxon Mobil, said it was in ongoing talks with a contractor that could have near-term impacts on activity at its site ....
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Vertex Energy pauses renewable diesel output to switch back to fossil fuels, citing macroeconomic woes

Hydrocarbon Processing 10 May 2024
U.S. refiner Vertex Energy will pause renewable�diesel�production at its refinery in Mobile, Alabama, and convert it to produce fossil fuels instead, citing macroeconomic woes which might persist through next year ....
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Russia's refined oil product exports to Singapore to hit highest this year in May

Hydrocarbon Processing 10 May 2024
Russia's exports of naphtha to Singapore are on track to rise to their highest level this year in May as Russian refineries recover from drone attacks, with the trend poised to continue as more capacity comes online ....
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SAFFiRE Renewables biofuel pilot plant to be developed in Kansas

Hydrocarbon Processing 10 May 2024
On its path to opening a facility designed to turn agriculture residue into a scalable biofuel business, SAFFiRE Renewables, LLC plans to break ground on its pilot plant near Liberal, Kansas, in late 2024 ....
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EBRD backs Ukraine's green biofuels project with €60-MM loan

Hydrocarbon Processing 10 May 2024
The European Bank for Reconstruction and Development (EBRD) has agreed to provide a €60-MM loan to Lan-Oil LLC, a company established by fuel retailer OKKO Group in Ukraine, for the construction of a greenfield biofuels project ....
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Dana Gas Q1 profit dips on lower hydrocarbon prices

Arabian Business 09 May 2024
Net profit down 24% to $38 million compared to $50 million last year; Revenue at $97 million ....
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Diesel profit margins decline amid lower demand, more capacity

Hydrocarbon Processing 09 May 2024
Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern hemisphere and slow economic activity eat into demand, putting oil prices under further downward pressure ....
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