Petrochemicals

UK sanctions Russia's Lukoil and Rosneft, targets shadow fleet

Lukoil and Rosneft were designated under Britain's Russia sanctions laws for what London described as their role in supporting the Russian government. They are subject to an asset freeze, director disqualification, transport restrictions, and a ban on British trust services.

U.S. ethane exports are expected to grow through 2026

Cognite to unleash next-gen industrial AI with NVIDIA

Cognite, a global leader in industrial AI, has announced that the Cognite Industrial AI and Data Platform, which includes Cognite Atlas AI™ and Cognite Data Fusion®, is now integrated with NVIDIA accelerated computing and software to unlock new levels of efficiency, intelligence and innovation for asset-heavy industries.

Strathcona Resources terminates takeover bid over for MEG Energy Corp.

Borealis expands cross-linked polyethylene production in Sweden

Indorama launches $210-MM investment program to boost domestic phosphate and fertilizer production

Study: Methane emissions from crude oil and gas supply chains significantly underestimated

Global methane emissions from oil production are now reported to be 15 times higher in International Energy Agency (IEA) data compared to IOGP figures, with discrepancies for Russia reaching 10-fold and for Saudi Arabia an astonishing 40-fold.

BASF, Carlyle reach agreement on €7.7-B coatings business transaction to create a leading standalone company

Solvay launches IUCN RHINO pilot at its soda ash and sodium bicarbonate plant in France

Latest U.S. sanctions on Iranian oil deal blow to China's Sinopec

The latest U.S. sanctions on Iranian petroleum exports deal a blow to Chinese refining giant Sinopec by targeting a terminal through which the state major handles one-fifth of its crude oil imports.