Volume 121, Issue 9a

Sept. 11, 2023 | Petróleo Brasileiro SA signed a memorandum of understanding with Abu Dhabi-based Mubadala Investment Co. (MIC) subsidiary Mubadala Capital to explore potential investment in a biorefinery project currently under development at MIC-owned Refinaria de Mataripe SA’s (REFMAT) 300,000-b/d refinery in the Recôncavo Baiano region of Bahia, Brazil. The proposed biorefinery would produce renewable diesel and sustainable aviation fuel from a feedstock of macaúba palm, a native Brazilian crop. Acelen, which operates the REFMAT refinery, anticipates final investment decision on the planned $2.4-billion biorefinery by yearend 2023. Photo from Acelen.

Digital Edition

OGJ Newsletter

Sept. 11, 2023

A roundup of General Interest, Exploration & Development, Drilling & Production, Processing, and Transportation news from around the industry.

Economics & Markets

Second-quarter 2023 earnings down from 2022 on lower commodity prices

Sept. 11, 2023

A sample of 48 US-based oil and gas producers and refiners recorded a total net income of $31.08 billion for second-quarter 2023, compared with earnings of $76.03 billion in the...