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.
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.
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.
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.
- 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
