Europe's Oil Refiners Miss Out as Maintenance Season Starts
Around 7 percent of Europe's refining capacity will go off line for maintenance this spring with some plants set to miss out on a rare rally in profit margins prompted by…
Finland's Neste Oil Plan Refinery Integration
Neste Oil will invest about 250 million euro in the integration of its two Finnish refineries in order to lower costs and reduce its dependency on Russian feedstock. The…
U.S. Tax Credit Brightens Neste Oil Outlook
The Finnish oil refiner Neste Oil has lifted its full-year profit guidance by about 37.5 percent on the back of a reinstatement of the renewable fuel tax credit in the United States…
Neste Oil Seeks to Cash in on EU Renewables Targets, Russia Tensions
Finnish refiner Neste Oil said its biofuel business stands to gain from higher EU renewable energy targets and Europe's attempt to reduce reliance on Russian oil and gas.
Neste Shuts Porvoo Diesel Production Line
Finnish oil refiner Neste Oil has shut diesel production line 4 at its Porvoo refinery because of an unexpected mechanical failure, dealing a blow to second-quarter results in its oil products business…
Southern Finland Refinery to Get Add-On
German industrial gases maker Linde will build a hydrogen production unit at Neste Oil's Porvoo, southern Finland, refinery, Neste Oil said on Monday. Linde's AGA unit will…
Arctic Energy Exploration Efforts Heat Up
Oil and gas—and also mining—are the drivers today propelling Arctic maritime operations and the construction of new vessels able to operate in extreme latitudes. While the…
