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Tag: crude oil

Burning MV Sounion too risky to tow, says EU mission

Burning MV Sounion too risky to tow, says EU mission

September 4, 2024 |

In Singapore, Manifold Times reports the Greek-flagged oil tanker MV Sounion, which has been ablaze since August 23, 2024, following a reported Houthi attack, has been deemed unsafe to tow, according to a statement from the EU military mission EUNAVFOR ASPIDES. Private salvage companies overseeing the operation concluded that the conditions for towing were too […]

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Neste plans to invest $2.74B in Porvoo’s complete transition to renewables by mid-2030s

Neste plans to invest $2.74B in Porvoo’s complete transition to renewables by mid-2030s

December 20, 2023 |

In Finland, Neste has completed the strategic study launched in September 2022, and begins a gradual transformation of its crude oil refinery in Porvoo, Finland into a leading renewable and circular solutions refining hub. The planned transformation will proceed in phases, and requires multiple separate investment decisions during the next decade before targeted completion in […]

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