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According to an article titled "OMC GRMs likely to moderate for second consecutive year in FY25," domestic oil marketing companies in India are expected to face margin pressures in the coming year due to a reduction in Gross Refining Margins (GRMs). This is primarily due to a decrease in product cracks, particularly in diesel, and shrinking discounts on Russian crude oil. The average GRM of Indian refiners has already decreased from $16-18 per barrel in FY23 to $10-12 in FY24, and it is expected to further moderate to $6-8 per barrel in FY25. Additionally, marketing margins are expected to decrease due to a reduction in retail prices of petrol and diesel. [Extracted from the article]

The article discusses that Energy Soldiers of HPCL Rajasthan Refinery Limited, along with collaborators from EIL, L&T, HRRL, and other partners, has achieved a significant milestone in the construction of the PFCC (Petrochemical Fluidized Catalytic Cracking) Unit.

The article reports that England on Tuesday was facing the possibility of serious disruption to its transportation networks as temperatures were poised 10 creep to new highs.

The article reports that Dongying Qirun Chemical Co. Ltd. will license Honeywell UOP, oil industry’s ‘Unicracking’ technology for the development of diesel and naphtha at its refinery in China. It mentions that Dongying is focused on fulfilling the domestic demand for transportation fuels. It states that the Unicracking technology offers the flexibility to change feedstock to high-quality naphtha, kerosene and diesel.

The article reports on the disappointment expressed by the elected officials and economic developers of West Virginia in response to the announcement made by Shell Chemicals Ltd. on their decision to locate a multi billion dollar ethane cracker plant in Pennsylvania. It informs that though the political leaders and Senators are disappointed by the company's decision but are also optimistic that the facility will create job opportunities for West Virginia workers and resources.

The article discusses aspects of the Senate Bill 465, known as the Marcellus Gas Manufacturing and Development Act, which is considered as a positive step of the West Virginia Legislature. It notes that the act provides foundation in the further development of the natural gas industry that are viable in the state due to the abundance of bi-product known ethane. Moreover, the act allows the state to position itself in capturing one or more ethane cracking facilities.

The article focuses on the petrochemical fluidised catalytic cracking (PFCC) unit commissioned by Mangalore Refinery & Petrochemicals Ltd. (MRPL), a subsidiary of Oil & Natural Gas Corp. Ltd. (ONGC), in India. The PFCCU will enable MRPL to triple its production of liquefied petroleum gas (LPG) from 15-million tons per annum (mtpa) grassroot refinery. The public sector Engineers India Ltd. (EIL) executed the project and licensed from engineering firm Technip Stone & Webster International Inc.

The author discusses aspects on the environmental impact of the Appalachian Shale Cracker Enterprise (ASCENT) to Athens County, Ohio. He is critical of the economic and environmental benefits and cost of the project to the county. Also investigated the ongoing debate on various issues such as oil-and-gas leasing, drilling, and wastewater storage in the county.

The article focuses on crack spread or the chemical process of separating, or cracking crude to create usable fuels. According to it, the formula for calculating the crack spread is subtracting the price of three barrels of crude from the price of a barrel of heating oil and two barrels of preblended gasoline. It states that the crack spread is currently around $13 a barrel.

The article focuses on an agreement finalized by the oil and gas exploration company Woodside Petroleum Ltd. to farm-in to the prospective basin of Lake Tanganyika in western Tanzania. Company's chief executive officer Peter Coleman states that securing this highly prospective acreage represents another step forward in building Woodside's global exploration portfolio.

The article focuses on an agreement between Whiting Petroleum Corp. and Kodiak Oil and Gas Corp. in which Whiting will acquire Kodiak in an all-stock transaction valued at 6.0 billion dollar. Whiting's Chairman, Chief Executive Officer and President James J. Volker states that they believe this transaction represents a significant opportunity for both Whiting and Kodiak shareholders to benefit from the strength of our combined company.

The article reports that Borneo Energy Oil And Gas Ltd. to be purchased by the Malaysian upstream oil and gas company Sumatec Resources for 250 million dollar. It states that the agreement signed by the Borneo Energy's owners Abu Talib Abdul Rahman and Murat Safin and mentions that Borneo Energy owns Kazahk upstream oil and gas firm Buzachi Neft.

The article focuses on the update provided by the oil and gas exploration company Oilex Ltd. on the operation of Cambay-77H well drilling. Ron Miller, Managing Director of Oilex, states that he is pleased that the milling operations were successful and all the fractures are now connected to the wellbore.

The article reports on the agreements between Engineers India Ltd. (EIL) with Dangote Group necessary for the Project Management Consultancy (PMC) and Engineering, Procurement and Construction Management (EPCM). It states that petroleum refinery and polypropylene facilities project comprise of Crude Distillation Unit, Cracking Unit, and Alkylation Unit. It mentions that EIL is one of the largest consultancy organization in the petroleum, pipelines, and mining industries.