News Commentary | August 19, 2019
In our model of refinery product output, we expect a 24% rise in marine fuel demand by 2040 that would likely be fulfilled through low‑sulfur distillates due to IMO 2020 regulations. While Neste's product, Neste Marin 0.5, is not part of its renewable fuels portfolio, this announcement exhibits the ... Not part of subscription
News Commentary | May 19, 2020
In line with its growing LNG business, Total has made its first venture into LNG‑powered vessels after signing chartering agreements for two new builds with Malaysian shipowner AET. With an expected delivery date in Q1 2022, the very large crude carriers (VLCCs) will add a combined 600,000‑ton ... Not part of subscription
News Commentary | July 23, 2020
In what could be one of the greatest corporate evolutions in recent history, Reliance is now directing the same energy responsible for its Jio success toward its oil and gas business. In 2018, it completed a $16 billion expansion at the world's largest refinery to expand its crude‑to‑chemicals ... Not part of subscription
by Holly Havel
Eni has released its long-term plans to reduce its GHG emissions by 80% by 2050 following similar announcements from Repsol, Equinor, and BP in recent months. While Eni's strategy does involve renewables and alternative fuels, the Italian supermajor will focus on natural gas as a major driver of the energy transition, with plans to grow its gas portfolio to make up 85% of production by 2050. As these European majors set the stage for the industry, clients can expect to see players across the supply chain start to roll out decarbonization strategies and prepare for a future that is less dependent on fossil fuels. We are already beginning to see signs of this with recent commitments from Cenovus and Schlumberger.
For the original news article, click here .