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1. Indiian October gasoline, gasoil sales exceed pre-coronavirus
levels
MOSCOW (MRC) -- India�s gasoil consumption in October rose 6.6%
from a year earlier, the first such increase since COVID-19 restrictions were
imposed in late March, preliminary data showed on Sunday, signaling a pick-up in
industrial activity, reported Reuters. Diesel sales by the country"s three state
fuel retailers totaled 6.17 million tons in October, according to provisional
data compiled by Indian Oil Corp (IOC), the country"s biggest refiner and fuel
retailer. Sales of gasoil, which account for about two-fifths of India�s fuel
demand, rose 27.5% from September.
http://www.mrcplast.com/news-news_open-378785.html
2.
Exxon presses Australia to release aid to oil refiners by January
MOSCOW
(MRC) -- Exxon Mobil Corp is urging the Australian government to start releasing
aid to the country"s oil refineries by January after a decision last week by BP
plc to shut the nation"s biggest refinery, said Reuters. Exxon owns Australia�s
oldest refinery at Altona near Melbourne, which can process 90,000 barrels per
day of oil, the smallest of the nation�s four refineries. The site supplies
about half of the fuel for the state of Victoria, which has been subject to one
of the world�s longest and tightest coronavirus lockdowns.
http://www.mrcplast.com/news-news_open-378770.html
3.
DSM reports results first nine months 2020
MOSCOW (MRC) -- DSM"s net
profit fell in the third quarter amid significant negative foreign exchange
effects, the Dutch life sciences and chemicals producer said. Adjusted EBITDA
from continuing operations at its materials business fell by 31% year on year in
the third quarter. "Trading conditions during Q3 were in line with expectations
as communicated in August with the Q2 results," the company said. "Materials,
whilst still impacted by COVID-19, showed an improving volume trend relative to
the prior quarter, especially in September," it said. Trading conditions during
Q3 were in line with expectations as communicated in August with the Q2 results.
Nutrition performed well, despite a significant negative foreign exchange effect
of minus 6%. Materials, whilst still impacted by COVID-19, showed an improving
volume trend relative to the prior quarter, especially in September.
http://www.mrcplast.com/news-news_open-378805.html
4.
Oil and gas EPC majors shift to cleaner energy
MOSCOW (MRC) -- Major oil
and gas engineering, procurement, and construction (EPC) companies are
increasingly shifting their strategies toward cleaner energy segments, according
to Hydrocarbonprocessing. With a bleak investment outlook for the sector in the
wake of COVID-19, now is seen as good a time as any for major oil and gas
companies to make strategic shifts in energy transition, according to analysis
by GlobalData. Major oil and gas EPCs, which have traditionally relied on
projects within the oil and gas value chain and have had relatively little
exposure to renewables, are now looking to renewables and other clean energy
sectors for future growth.
http://www.mrcplast.com/news-news_open-378790.html |
