Financial Performance and Strategy news (page 2)

27 May 2026

PTT Global Chemical wins IFR Asia 2025 Thailand Capital Markets Deal award

Awarded IFR Asia's Thailand Capital Markets Deal for a $1.1bn subordinated hybrid debenture (5.25- & 10-yr), 8x demand; boosts financial flexibility and supports low-carbon growth strategy.
27 May 2026

Petrobras to invest R$2.8bn in Amazonas for Urucu gas expansion and Transpetro fleet

R$2.8bn to expand Urucu gas (R$2.5bn for new wells, ~40 km lines) and add 18 barges + 18 pushers to insource bunker logistics, create jobs and boost regional energy supply
27 May 2026

ORLEN opens 300,000‑tonne HVO plant using domestic feedstocks

HVO plant cuts transport GHGs ≥65%, raises national biofuel capacity to ~700kt (target 1.1Mt by 2030), reduces imports, strengthens domestic feedstock supply and farming partnerships.
27 May 2026

Sumitomo Corporation and Gresham House to develop 694 MW UK BESS portfolio

JV will fund five utility-scale BESS projects with phased buildout (first three starting this fiscal year), expanding capacity and improving grid resilience.
27 May 2026

AkzoNobel to file SEC F-4 for Axalta merger; rejects Nippon Paint/Sherwin-Williams cash offer

Boards said the proposal undervalued the company, lacked regulatory/divestment certainty and failed to protect stakeholders; they unanimously back the planned merger and will provide updates.
27 May 2026

Sinopec Shengli Jiyang shale oil zone surpasses 2 million tons, advances low‑maturity development

59 wells >100 t/day (max 263); output rising to 700,000 t in 2025; drilling cut 133→17 days for 6,000m wells; proven reserves 327M t, resources 1.05B t; target 3M t/yr.

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