Mass production of aviation biofuel is less economically viable than producing aviation fuel from oil and unless a carbon tax is introduced it cannot compete with traditional fuel, a leading expert on metabolic engineering said
The two largest U.S. oil companies, created from the break-up of Standard Oil more than a century ago, have considered a merger – against the background of the COVID pandemic. But the talks produced no breakthrough – for now.
The world’s biggest sovereign wealth fund, Norway’s Government Pension Fund Global, has sold off all its assets linked to geological exploration and oil and gas production.
The Gazprom Neft Science and Technology Centre, together with Slavneft-Megionneftegaz, have completed testing of Russia’s first oil-treatment technology involving the use of industrial ultrasound.