Refining
Nigeria to block oil export permits for producers who do not fill refinery quotas
Nigeria's upstream oil regulator said on Monday it would deny export permits for oil cargoes from producers who fail to meet their stipulated supply quota to local refineries, including the Dangote Refinery, Africa's largest.
Kurita America to merge with Avista Technologies
Kurita America, part of the Kurita Group, a leading global provider of water treatment solutions, has announced its pending merger with sister company, Avista Technologies, Inc. This merger will officially take effect on April 1, 2025.
Ukrainian drone strikes trigger fires at major oil and gas facilities in Russia
Ukraine struck energy facilities in southern Russia with dozens of drones launched on Monday, triggering fires at a major oil refinery and gas processing plant and disrupting flights from the Volga to the Caucasus Mountains, Russian and Ukrainian officials said.
Analysis: Trump's oil tariffs a boost for European and Asian refiners
U.S. President Donald Trump's trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive advantage against their U.S. rivals, analysts and market participants said.
bp and Iberdrola choose Toledo-based Imefy to supply the main transformer for green H2 plant
bp and Iberdrola have awarded the Toledo-based company Imefy the contract to manufacture and supply the transformer for the largest renewable H2 production plant in Spain (25 MW), which will be located at the bp refinery in Castellón.
Russia's Lukoil eyes $2 B from Bulgaria refinery sale
Russia's second-largest oil producer Lukoil plans to raise around $2 B from the sale of its Burgas oil refinery in Bulgaria.
Syensqo and Ardent partner to accelerate point source carbon capture innovation
Syensqo and Ardent have formalized their strategic partnership, building upon more than two years of successful collaboration in advancing carbon capture and olefin-paraffin separation solutions. The partnership includes a licensing agreement and establishes Syensqo as a strategic supply chain partner to Ardent, marking a significant milestone in both companies' commitment to driving innovation in sustainable energy technologies.
IEA comes under pressure from former oil market chief to cut energy transition focus
The International Energy Agency's former oil industry and market chief criticized the agency's focus on the global energy transition in a report released on Wednesday, and said the IEA should concentrate on oil and gas supplies.
Emerson to acquire remaining outstanding shares of AspenTech
Emerson will acquire all outstanding shares of common stock of AspenTech not already owned by Emerson for $265/share pursuant to an all-cash tender offer. The transaction values the minority stake being acquired at $7.2 B, and values the total company at a fully diluted market capitalization of $17 B with an enterprise value of $16.8 B.
Indian state studies plan to ban petrol, diesel vehicles in Mumbai to control pollution
The western Indian state of Maharashtra has formed a panel to study a proposal to ban petrol and diesel vehicles in Mumbai city amid worsening air quality and only allow electric or gas driven vehicles, it said in an order.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
