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...The Quest plant is operated by Shell Canada and owned by Canadian Natural Resources, Chevron and Shell Canada, and is part of the Scotford processing and refining complex....
...Refining metals including zinc still accounts for most of Korea Zinc’s revenues, but the company expects its battery materials business to generate sales from next year....
...ExxonMobil’s chief financial officer said the US oil major was closely watching the “pretty troubling” geopolitical events in the Middle East and Russia as the company reported first-quarter profits that...
...It is one of the biggest western refining companies, with 12 plants spread across the US and Europe....
...It blamed lower volumes of crude oil sales and weakening refining and chemicals margins. Analysts had expected net income of $27.6bn, according to figures compiled by the company....
...of the world’s rare-earth mining and close to 90 per cent of processing and refining, according to the International Energy Agency....
...Analysts had expected net income of $27.6bn, according to figures compiled by the company....
...“For refiners that can be the last standing, and for companies with a higher risk appetite that are acquiring these ageing assets, there is arguably more money to be made than ever refining crude in Europe...
...It was backed by several deep-pocketed investors, including BlackRock, US oil refiner Valero Energy and Poet, a top US biofuel refiner....
...Weakness there bodes ill for the integrated oil companies — and for the global economy....
...“Under its new board, it is not just developing but is refining an AGI to maximise profits for Microsoft, rather than for the benefit of humanity.” OpenAI declined to comment....
...Auchincloss, meanwhile, pointed to the 30 final investment decisions that are waiting to be made on oil, gas, refining and energy transition projects....
...Elsewhere, the company said it would bank $25mn (£20mn) this year from changes to its system fund arrangements....
...Exxon reported first-quarter net profit of $8.2bn, which was down 28 per cent from $11.4bn on the same period last year because of lower gas prices and refining margins....
...steelmaker SSAB is among the European winners of a series of US government investments in an $6bn effort to decarbonise manufacturing, across high polluting sectors such as steel, cement, chemicals and fuel refining...
...Ambani’s long-running strategy is to diversify Reliance, one of India’s largest conglomerates, beyond its core assets in oil and gas refining into consumer-facing digital businesses....
...Shell’s $54.2bn in cash flow from operations was the second highest in the company’s history....
...Shell said the sale was part of the company’s strategy to cut down its global refining portfolio and focus on large sites integrated with its chemicals and trading businesses....
...But turning spodumene into lithium concentrates for electric vehicle batteries also requires understanding of processing and refining....
...That compares with the average of 100,000 a day that were offline because of maintenance work in December, and is about a tenth of the US’s total refining capacity of about 10mn barrels a day....
...The first point is that — unlike makers of smaller, flexible electrolysers — its hulking alkaline machines are designed for industrial applications such as refining and steelmaking....
...Malmendier Legal said that the economy ministry had informed it on Tuesday this week that it was considering expropriating shares in Rosneft Deutschland GmbH and RN Refining & Marketing GmbH....
...It will work with the market on refining the CO₂ threshold and measurement methodologies for low carbon nickel to help identify the premium, it added in the notice....
...“Potential actions may include, but are not limited to, refining the process to leverage the scale, efficiency and flexibility of the multi-class structure and manage flows, cash balances and portfolio rebalances...
...China has about two-thirds of the world’s lithium refining capacity. But switching battery suppliers to South Korean and Japanese rivals, which charge more, could mean higher costs for automakers....
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