Marine fuel drives ExxonMobil European refinery investment
A substantial investment in a Norway refinery following reduction in allowed sulphur content in marine fuel
ExxonMobil gave the go-ahead for a substantial investment at its Slagen, Norway, refinery in September, just two months after it said it would spend more than $1 billion at its Antwerp, Belgium, facility. Behind both investments is the sharp reduction, taking effect in January next year, in the allowed sulphur content of marine fuel oil used in the world’s control areas. The company is to construct a residue flash-tower - a vacuum distillation unit - at Slagen to extract vacuum gasoil from the refinery’s heavy fuel oil stream. The vacuum gasoil will in turn be upgraded into road diesel or marine fuels, while the remaining heavy fuel oil will be sent to the existing Visbreaker for upgrading i
Also in this section
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
