Latest news

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  12 May 2026

  TotalEnergies signs MoU with Syrian Petroleum Company for Block 3 offshore exploration

  MoU creates a framework for technical review and commercial discussions to assess exploration of offshore Block 3 in Syria's Mediterranean.
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  12 May 2026

  Boehringer Ingelheim licenses Immunitas preclinical antibody program for chronic inflammatory diseases

  Global license of a preclinical antibody that targets pathogenic cells at inflammation sites to provide durable control in chronic immune diseases; includes milestones to €407.5M +royalties
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  12 May 2026

  Novo Nordisk: Wegovy cuts weight and reduces cardiovascular and migraine risk across menopausal stages

  Trials and real‑world data: semaglutide gave 19.7–22.6% weight loss, 15–17.5% waist reduction, ~42% MACE risk reduction in perimenopause, 42–45% lower migraine and 25% lower depression risk
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  12 May 2026

  ABO Energy achieves restructuring milestones and defines strategic priorities

  Restructuring draft finds firm viable; sets strategic action areas. Targets sustainable financing by end-July. Won 7.8 MW solar tariff, bid >150 MW wind, sold 16.8 MW farm and 4.5 MW turbine.
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  12 May 2026

  Eni and MSC Cruises test Enilive HVO diesel on cruise ship

  Pure HVO ran ~2,000 hours on a ship engine with no modifications; matched fuel performance, cut NOx ~16% and particulates, and cut lifecycle GHG ~80%. Validated by maker and independent certifier.
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  12 May 2026

  Coolbrook appoints Dr Frank Eulitz CTO to lead industrial scale-up

  Veteran turbomachinery expert brings 30+ years' R&D and OEM experience to lead scale-up and manufacturing of RotoDynamic electrification tech for high-temperature, fossil-free industrial heat

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  12 May 2026

  Iberdrola grows Italy renewable capacity to 450 MW with 40 MW Basilicata wind acquisition

  Commissioned in 2018, the plant has long‑term incentives ensuring stable cash flows. Near Lucania Complex, it complements Montelungo (20 MW), Etruria and Fenix (243 MW).
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  12 May 2026

  Novo Nordisk: Wegovy 7.2 mg yields ~28% weight loss in early responders

  STEP UP trial: early responders (≥15% at 24w) sustained major weight loss at 72w; higher dose reached goals faster than 2.4 mg; 84% of lost weight was fat and muscle function preserved.
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  12 May 2026

  Uniper posts Q1 2026 results, reaffirms 2026 earnings guidance

  Q1 adjusted EBITDA €407m, adjusted net income €231m; operating cash flow €1,588m; net cash €4,394m. Segments: Green €250m, Flexible €156m, Greener Commodities €66m. Stable amid market volatility.
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  12 May 2026

  DOMO Engineered Materials joins RadiciGroup to create global tier‑1 compounder

  Acquisition closed; combined global tier‑1 compounding platform serving diverse end markets. TECHNYL brand and teams remain; CEO appointed; focus on innovation and sustainability.
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  12 May 2026

  EWE awards Bilfinger contract for Emden hydrogen plant

  Final major contract fixes cost and planning for a 320 MW electrolyser, enabling long-term green-hydrogen supply deals. First production slated late 2027; stable regulation needed.
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  12 May 2026

  Asahi Kasei to Realign Material Supply by FY2030

  Streamline Mizushima Works by FY2030; no immediate supply impact. Exiting low-margin derivative businesses (¥116.2bn 2025) to boost margins, free capital for pharma, healthcare, homes, electronics.
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  12 May 2026

  PETRONAS LNG signs 20-year charter with MISC for five LNG carriers

  174,000-cbm newbuild LNG vessels to be built in Shanghai, delivery 2029–2030; will use XDF2.1 propulsion, shaft generators and onboard reliquefaction; project and ship management arranged.
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  12 May 2026

  Asahi Kasei, Mitsui Chemicals and Mitsubishi Chemical agree 45/45/10 equity split for western Japan ethylene JV

  Plan to integrate western Japan ethylene assets: close Mizushima plant by 2030 and consolidate operations at a single site to decarbonize, optimize capacity and strengthen competitiveness.
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  11 May 2026

  Worley partners with Baker Hughes to deliver integrated LNG solutions

  Non-exclusive MOU to jointly develop integrated, lower-carbon LNG projects - combining EPCM/EPCI delivery, modular liquefaction, advanced turbomachinery and digital tools to derisk and speed delivery
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  11 May 2026

  Covestro to install Dormagen steam compressor, cutting Germany energy use 2%

  Heat-pump upgrade will save ~40,000 t CO2/yr, cut low three-digit GWh energy use; investment low double-digit million euros; expected operation mid-2027.
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  11 May 2026

  LanzaTech selects North Sea Port, Ghent for Europe’s first commercial ATJ SAF plant

  €500M ATJ project targeting 79,000 t/yr SAF and 9,000 t/yr renewable diesel; EIA scoping filed; ~50 permanent jobs and ~300 FTE construction; FEED complete; EU Horizon support.
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  11 May 2026

  BASF Agricultural Solutions opens BioHub fermentation plant in Ludwigshafen

  High double‑digit €m investment started commercial fermentation of biological crop actives (B. amyloliquefaciens, P. coprobium), boosting production flexibility and supply resilience.
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  11 May 2026

  RIFT expands Iron Fuel plans to Rotterdam

  Reserved Maasvlakte with Port of Rotterdam to advance commercial-scale Iron Fuel projects; Rotterdam complements Antwerp with infrastructure, logistics and low-carbon hydrogen
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  11 May 2026

  Ørsted and PGE start Baltica 2 offshore installation

  First foundations installed for a 1.5 GW offshore wind farm. 111 monopiles (107 turbine, 4 substation) to be installed through Q4 2026; commissioning expected in 2027; 25-yr CfD.
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  11 May 2026

  GSK partners with Sino Biopharmaceutical (CTTQ) for exclusive China launch of bepirovirsen

  Potential first-in-class CHB treatment under priority review in China; deal provides access to 5,000+ medical centres at launch, local import/distribution, hospital access and initial 5.5-yr supply.
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  11 May 2026

  Aurubis reports stronger Q2 and raises full-year forecast

  Q2 operating EBT €121m (+15% q/q); H1 EBT €226m; H1 EBITDA €351m (+3%). Net cash flow €161m, down on higher inventories. ROCE 8.1% as €1.7bn projects near completion; new recycling plants ramping up.
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  11 May 2026

  Sumitomo Corporation: Noirmoutier 500 MW Offshore Wind Farm in France Begins Commercial Operation

  Construction complete; commercial operation started. 12 km offshore; ~25‑yr life. Annual output ≈ supply for 800k users. Power sold under long‑term fixed‑price PPA; financed via syndicated loan.
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  11 May 2026

  Sinopec’s first deep coal‑seam gas well surpasses 50 million m³ cumulative production

  First deep coal-seam gas risk-exploration well: >50M m³ cumulative, 27,000 m³/day. Deployed 2022, producing since 2023; data-driven optimization and fluid/sand/fines control sustain stable production.
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  11 May 2026

  Shanghai Petrochemical commissions phase‑one of 30,000‑t large‑tow carbon fiber project — China’s largest 48K single‑line

  Phase-one (2 lines) of a 30,000-t large-tow carbon-fiber project in Ordos began production. Single-line >3,000 t (48K); +50% capacity, 188-day build, >60% green power
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  9 May 2026

  Uniper demolishes Scholven towers D & E for H2-ready CCGT

  Two 114 m cooling towers were demolished at 11:00; ~15,000 t of concrete will be recycled for site backfill. Demolition used a coordinated safety plan; no resident evacuations.
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  8 May 2026

  Petrobras RNEST sets April diesel S‑10 record — 385 million L

  Upgrades (2025 revamp) raised capacity to 130 kb/d, lifting refined‑fuel output ~60% y/y; R$12bn to finish train‑2 to reach 260 kb/d by 2029, boosting energy security and cutting imports.
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  8 May 2026

  INA, MOL and Syrian Petroleum Company discuss reactivating INA’s Syria operations

  Three-day talks assessed restarting oil and gas operations. Joint experts will evaluate technical, operational, commercial and regulatory prerequisites and set a reactivation roadmap.
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  8 May 2026

  Clariant Q1 2026: Resilient performance amid Middle East conflict

  Q1 sales down 2% (CHF918m); EBITDA margin fell to 17.5% (-130bp). Free cash-flow conversion rose to 54%. CHF80m savings program on track; 2026 guidance unchanged amid conflict
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  8 May 2026

  MOL Group Q1 2026: USD 212m profit amid supply disruptions and price controls

  Higher hydrocarbon prices lifted upstream; production 95.5 mboepd. Downstream hit by lower refining volumes and feedstock scarcity; Rijeka delayed coker opened. Consumer services and circulars rose.