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Mergers, Acquisitions, and Partnerships news
18 August 2026
Equinor takes 17.4% stake in Chevron-operated PEL 90, Namibia
Entry into Namibia via PEL 90 gives access to a drill-ready Orange Basin prospect scheduled for testing in 2026; closing subject to regulatory approvals.
18 August 2026
Clariant opens two Additives R&D labs in China
Two new labs in Huizhou and Shanghai add full local synthesis and pilot-scale R&D for flame retardants and performance additives, strengthening China and APAC support.
18 August 2026
Aramco and Maaden JV to explore copper and energy‑transition minerals in Saudi Transition Zone
Explore ~182,000 km² Transition Zone (~10% of Saudi land) for copper and other energy‑transition minerals using AI and high‑performance computing; subject to regulatory approvals.
18 August 2026
Chugai licenses anti‑dengue antibody AID351 to GSK
Partner will lead clinical development, manufacturing and global commercialization of AID351, an anti‑dengue antibody active across four serotypes; originators retain royalty and sublicence share.
18 August 2026
dsm-firmenich proposes Richard Ridinger as new chair after Thomas Leysen retirement
Board chair Thomas Leysen will retire; shareholders will vote on Richard Ridinger at an Extraordinary General Meeting on 19 Oct 2026.
17 August 2026
Mitsui Chemicals completes acquisition of Ultradent Products, Inc.
Acquisition closed on Aug 14, 2026 after earlier-than-expected regulatory clearances; oral-care global HQ to move to a U.S. holding company; financial impact under review.
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17 August 2026
Mitsui Chemicals completes acquisition of Ultradent
Acquisition closed early; PMI will integrate Ultradent and Kulzer, shift oral-care HQ to the US and target >$40M annual synergies by fiscal 2030.
17 August 2026
SONATRACH and Eni sign protocol to cut oil and gas emissions in Algeria
Letter of intent to identify and implement decarbonisation and methane‑reduction measures across Algeria's oil & gas sector, building on a 2023 MoU.
16 August 2026
Sonatrach and SONIDEP start joint marketing of Nigerien Meleck crude
First jointly marketed cargo of Niger’s Meleck crude loaded from Sémé terminal in Benin on 14 August 2026.
14 August 2026
WuXi Biologics to divest 51.1% stake in Bestchrom
Selling 51.1% stake in Bestchrom; deal expected by December 2026. Bestchrom supplies chromatography resins, columns and downstream process development services.
14 August 2026
SOCAR posts 86.3 billion manat revenue and 10.9 billion manat EBITDA in 2025
Revenues 86.3bn manats; total profit 12.6bn and net profit ~3.0bn. EBITDA rose 26%. Major field acquisitions and a 136% jump in operating cash flow.
14 August 2026
LanzaTech Q2 2026 financial results
Cost cuts and an equity valuation gain lift results; advancing ISCC EU recycled-fuel certification in China and selecting Ghent for a commercial-scale SAF facility.
14 August 2026
SOCAR 2025 results: AZN 86.3bn revenue, AZN 10.9bn EBITDA
Revenue driven by crude, petroleum and gas sales; EBITDA rose 26% and net profit ≈AZN 3.0bn amid major field acquisitions and stronger operating cash flow.
13 August 2026
Brenntag to exclusively distribute Cargill Beauty in Mexico
Exclusive distribution expands Mexican personal-care lineup with nature-derived ingredients for skin, hair, color and oral formulations, plus improved supply reliability and formulation support.
13 August 2026
bp awarded Loran Phase 2 licence in Venezuela's Plataforma Deltana
Phase 2 holds an estimated 4 trillion cubic feet of recoverable gas; bp will operate a three-way joint venture and signed MoUs to pursue further offshore exploration.
13 August 2026
XRG enters Venezuela with stake in Loran offshore gas licence
Adds a material share in over 4 Tcf proven gas in the Loran‑Manatee area, links resources to existing infrastructure and strengthens the Atlantic Basin gas portfolio.
13 August 2026
thyssenkrupp Q3 2025/26: sales up and adjusted EBIT improves as strategic realignment advances
Order intake fell to €7.7bn; adjusted EBIT forecast raised to €600–900m; shareholders approved tk accelis spin-off; TKMS backlog >€20bn with major July contract wins.
12 August 2026
Saipem signs €500m LNTP with Sonatrach for Phase 1 of Algeria PPI
Limited Notice to Proceed for Phase 1 of Algeria’s integrated phosphate-to-fertiliser complex, covering early works, FEED completion, long‑lead procurement and local partnerships.
12 August 2026
Bilfinger Q2 2026 financial results
Revenue rose 7% to €1,450m while orders fell 16% to €1,498m; EBITA margin 5.3%. Outlook confirmed: revenue €5.4–€5.9bn, FCF €250–€300m (includes Teknokon).
12 August 2026
Brenntag Q2 2026 results — sales €4.3bn; guidance raised
Sales up 11% to €4.3bn; operating EBITDA +41% to €463m; gross margin rose to 26.9%. Guidance increased to €1,350–1,450m for 2026.
11 August 2026
Topsoe to supply dynamic synthesis technology for First Ammonia’s Victoria, Texas green ammonia project
Dynamic synthesis tech allows ramping 10–100% in 30 minutes; plant will use electrolytic green hydrogen for export and US markets; financial close expected late‑2026, operations in 2029.
10 August 2026
PTT Global Chemical (GC) starts new growth chapter — petrochemicals, specialty & Green‑Bio, Map Ta Phut
Q2 adjusted EBITDA THB 26.932bn; ethane imports from the US due 2029; portfolio shift to 70:30 specialty by 2030; USD 300m EBITDA uplift target by 2030.
10 August 2026
Covestro joins KOLLEKT to develop fully recyclable automotive lighting
Three-year, €4.371m consortium will design headlamps for circularity using recyclable polycarbonates, AI-driven robotic dismantling and digital twins to enable industrial-scale plastics recycling.
10 August 2026
PTT Global Chemical strengthens petrochemicals, accelerates Specialty and Green & Bio; positions Map Ta Phut as APAC growth base
Reinforces integrated petrochemical core, starts ethane imports in 2029, shifts toward higher‑value Specialty and Green & Bio, and expands Map Ta Phut as a regional hub.
10 August 2026
Novo Nordisk and AWS establish AI co‑innovation hub in London
Strategic cloud and AI tie‑up to speed drug discovery, deploy agentic AI, and compress time from target to first human dose via a London co‑innovation hub.
7 August 2026
Chugai and UCSF establish master collaboration for drug discovery research
Multi-year framework to streamline early-stage target discovery and therapeutic development using antibody engineering, macrocyclic peptides and small-molecule platforms.
7 August 2026
MOL Group Q2 2026 results
Q2 profit USD 786m; strong oil and gas prices plus higher refining and petrochemical margins offset fuel price caps and operational outages.
7 August 2026
Viva Energy and Nestlé use recycled polypropylene for KitKat wrappers
Proof-of-concept converts soft-plastics pyrolysis oil into food-grade polypropylene for a limited KitKat wrapper run, with full processing completed in Victoria.
6 August 2026
argenx launches $77-per-share tender offer for Forte
Commences cash offer of $77 per share; merger to follow subject to HSR clearance and a >50% tender condition.
6 August 2026
bp to acquire Woodside’s 70% stake in Calypso (Block TTDAA 14)
Acquisition will raise ownership to 100% and operatorship of the Calypso deepwater gas project offshore Trinidad and Tobago; deal expected to close by end‑2026 pending approvals.
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