Page 3 - Downstream Operations News Today

To print this article, all you need is to be registered or login on Mondaq.com. In this article, we review the significant changes being proposed to the Companies Income Tax Act (CITA) and its likely impact on companies. On Thursday 8 October 2020, His excellency, President Muhammadu Buhari presented the 2021 Budget Proposals to the Joint session of the National Assembly. The 2021 Budget Proposal was themed "Nigerias Budget of Economic Recovery & Resilience". The key bud...

Petrochemical investments at Burghausen Refinery 1/20/2021 OMV, the integrated, international oil, gas and petrochemicals company headquartered in Vienna, is expanding and modernizing its cracker units and petrochemical cold section at its Burghausen Refinery in Germany. The measures aim to increase the site’s ethylene and propylene production capacity. Following the planned turnaround of the refinery, the upgraded units are expected to go live in the third quarter of 2022, whereby the initia...

OMV announces expansion and upgrades at Burghausen refinery By Mary Page Bailey | January 20, 2021 OMV AG (Vienna, Austria)  is expanding and modernizing its cracker units and petrochemical cold section at its Burghausen Refinery in Germany. The measures aim to increase the site’s ethylene and propylene production capacity. Following the planned turnaround of the refinery, the upgraded units are expected to go live in the third quarter of 2022, whereby the initial groundwork is already unde...

Order Reprints Text size The three major U.S. stock indexes closed with nominal losses. Investors, however, remain upbeat about the trajectory of the economy, based on the strength in value and small-cap stocks. The three major U.S. stock indexes were mixed Thursday, but beneath the surface, there was strength in the market. The S&P 500 slid 14.30 points, or 0.38%, to end at 3,795.54, and the Nasdaq Composite fell 16.31 points, or 0.12%, to close at 13,112.64. The b...

Order Reprints Print Article Space is cold, but space investing is heating up. Space-linked stocks are rocketing higher Wednesday because a well-known Tesla bull has turned her gaze upward. ARK Invest, founded by technology disruption guru Cathie Wood, is planning a new exchange-traded fund focused on space stocks, based on filings with the Securities and Exchange Commission. Wood,... Close Space is cold, but space investing is heating up. From

Investors don’t have to guess, explains Julian Emanuel, chief equity and derivatives strategist at BTIG. A stock with a high short interest may pop after earnings because numbers that elicit a shrug could be enough to put upside pressure on a stock—and force short sellers to buy back their borrowed stock. Earnings revisions—the changes analysts are making to their estimates—are also a good way to judge whether a company faces high or low expectations. If revisions have been rising, the...

By Solomon Asowata The year 2020 has undoubtedly been one of the most difficult years for the oil and gas industry globally in the last few decades. It saw the Coronavirus pandemic grip nations across the globe, necessitating countries and states to lock down their borders for some time, thereby preventing movement of persons, goods and services for months unless under special circumstances. This restriction of movement affected many sectors of the economy, but one of the worst hit was the oil ...

20.12.2020 OMV: OMV, the integrated, international oil, gas and petrochemicals company headquartered in Vienna, currently investing in the Schwechat Refinery so it will be able to substitute large quantities of fossil diesel with biodiesel in an innovative co-processing approach. With this process, the hydrogenated vegetable oil should lead to an annual reduction in OMV’s carbon footprint of up to 360,000 metric tons of fossil CO2. This is equivalent to the annual emissions of around 200,000 ...

OMV invests €200M in biofuel production New production at Schwechat Refinery will convert up to 160,000 metric tons of liquid biomass into carbon-neutral fuels. Last update: December 18, 2020 Austrian oil company OMV will invest around €200 million in the Schwechat Refinery to substitute large quantities of fossil diesel with biodiesel in an innovative co-processing approach. With this process, the hydrogenated vegetable oil should lead to an annual reduction in OMV’s carbon footprin...

OMV invests around EUR 200 mn in biofuel production at Schwechat Refinery édité le 16/12/2020 - Plus de news de "OMV" - Voir la fiche entreprise de "OMV" OMV, the integrated, international oil, gas and petrochemicals company headquartered in Vienna, is committed to the Paris Agreement and EU climate targets and has set itself ambitious climate goals. OMV has pledged to reach net-zero emissions in operations (Scope 1 and 2) by 2050 or sooner. On its long-term path to net zero, OMV has set conc...