Management

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

Update: Nigeria oil union calls off strike after talks with Dangote Petroleum

The strike was called after the Dangote refinery—Africa's largest with a crude processing capacity of 650,000 bpd—dismissed more than 800 unionized staff.

Update: Nigerian oil union launches nationwide strike after Dangote refinery dismisses workers

The walkout, launched on Monday, has escalated tensions in Africa's top oil producer, with analysts warning that if the dispute spreads to other unions, it could disrupt oil field operations, halt product flows and lead to fuel shortages at petrol stations.

Occidental Petroleum in talks to sell OxyChem chemical unit for at least $10 billion

Occidental Petroleum has announced that it is in advanced talks to sell its chemical division, OxyChem, for at least $10 billion.

Indonesia's Pertamina to merge refinery, shipping and retail operations

Indonesian state energy firm PT Pertamina will merge the operations of its refinery, shipping and retail units to improve efficiency in its core business, CEO Simon Aloysius Mantiri said.

BlackRock-led group in talks to raise around $10.3 billion for Aramco deal

Ecovyst announces agreement to sell its Advanced Materials & Catalyst segment to Technip Energies for $556 MM

75% of critical infrastructure organizations endorse ‘secure by operations’ strategy to defend against OT cyberattacks

HAZOP study exploiting the benefits of artificial intelligence

India's ONGC to keep buying Russian oil if prices economical

Indian explorer Oil and Natural Gas Corporation said its refining units will continue to buy Russian oil if available at economical prices.