Essar Oil announced that its fiscal-year (FY) 2015 profit after tax soared to $2.37 billion, up from $197 million in FY 2014 as refining margins hit an all-time record of $8.37 per barrel.
The U.S. Energy Information Administration (EIA) found in a May 26 analysis of the U.S. Environmental Protection Agency’s proposed “Clean Power Plan” for existing power plants that natural gas would be the big winner—and coal the big loser.
To meet environmental emissions restrictions without reducing efficiency or increasing operational costs, Compañia Española de Petróleos (CEPSA) has adopted new General Electric gas-turbine technology at its Gibraltar-San Roque refinery in Spain.
On the heels of a crucial technology development agreement more than two years ago with Cormetech Inc., Tenneco debuted a marine diesel urea-selective catalytic reduction (SCR) system that enables ships to comply with International Maritime Organization Tier III limits on NOX.
Miami, Fla.-based commercial fleet management and leasing firm Ryder System Inc. recently announced that it expanded its natural-gas vehicle offering into Arkansas for the first time.
Legislation sponsored by Washington State Rep. Chad Magendanz (R-Issaquah) offering financial incentives for utilities to build electric vehicle (EV) charging-station infrastructure was recently signed into law by Gov. Jay Inslee..
Refining NZ announced May 28 that Chevron has sold its 11.37% stake in New Zealand’s only oil refinery, the 115,000-barrel-per-day unit at Whangarei, North Island.