Europe
Bulgaria's president vetoes law to seize Lukoil refinery amid U.S. sanctions
Bulgaria's President Rumen Radev returned the legislation to parliament for further discussion, saying the changes failed to provide protection against future financial claims against the state, violated Bulgaria's constitution and posed a risk to public finances.
ABB awarded highest certification for industrial safety management
The TÜV Rheinland FSMS Certificate ML 5 is granted to the ABB Energy Industries division Safety Execution Centers (SEC) in Germany, Italy, Norway and Singapore, which provide safety support to high hazard industrial sectors.
INEOS prepares 10 anti-dumping cases to EU commission in unprecedented move
Europe’s chemical sector, the foundation of modern manufacturing, is being drowned by a tidal wave of low-cost imports from Asia, the Middle East and the United States. These products are undercutting European producers who face the world’s highest energy prices and escalating, unilateral carbon costs.
U.S. urges Europe to stick to oil and gas, not renewables
The U.S. has become Europe's top oil and gas supplier on the back of the U.S. shale boom and its companies are seeking to boost the share as the European Union moves to fully cut off remaining Russian energy imports.
Slovak refiner Slovnaft says Croatia's Janaf cuts supply of non-Russian crude
Slovnaft, part of Hungary's oil and gas group MOL, mostly processes Russian oil and an exemption to EU sanctions that allowed it to export products to the Czech Republic derived from those deliveries expired in June.
Russia's Volgograd oil refinery halts operations after Ukrainian drone attack
Ukraine has for several months been striking Russian oil refineries, depots and pipelines, while Ukrainian energy infrastructure has also been the target of Russian strikes in a war that is approaching its fourth year.
- 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

