Mergers, Acquisitions, and Partnerships news (page 15)

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  7 May 2026

  Eni’s Geliga‑1 DST confirms ~200 MMSCFD gas and 10,000 bpd condensate offshore Indonesia

  Large Miocene gas/condensate discovery in Kutei Basin (~5 Tcf gas, 300mmbbl condensate); adjacent Gula adds ~2 Tcf. POD to fast‑track a third hub; studies assess adding Bontang LNG capacity
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  7 May 2026

  Vopak to acquire majority stake in Green Energy Storage to accelerate Dutch battery storage

  Agreement to buy a majority stake to accelerate large-scale battery storage in the Netherlands, backing a 200 MW/800 MWh Oosterhout project and expanding the project pipeline; subject to FID/approvals
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  7 May 2026

  UPM, Michelman and BOBST launch EU‑compliant bio‑based paper packaging concepts

  Two paper packaging concepts for EU SUPD: fiber papers with bio-based coatings giving moisture/mineral-oil and oxygen barriers, wide heat-seal window, recyclable/compostable, production-ready.
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  7 May 2026

  Roche to acquire PathAI for AI-driven digital pathology

  Adds best‑in‑class Image Management System and AI pathology tools to diagnostics, boosting lab automation, companion diagnostics and biomarker discovery. Deal closes H2; $750M + up to $300M
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  7 May 2026

  Sinopec and Nanjing University Form Strategic Partnership

  Agreement deepens R&D, platforms, talent training and think‑tank work; aligns industry‑university‑research‑use to speed innovation and support energy security and green, low‑carbon transition.
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  7 May 2026

  TA’ZIZ Secures $2B Financing for UAE’s First World-Scale Methanol Plant

  Oversubscribed financing via 11-bank syndicate with conventional and Islamic facilities, priced to benchmarks. EPC awarded; construction under way for 2028, boosting domestic chemicals value chain.

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  7 May 2026

  MAIRE’s Nextchem awarded licensing and PDP for urea-to-DEF plant in Virginia

  Licensing & PDP won for a 700 STPD urea melt plant in Virginia, fully integrated to convert all urea to DEF; FID/NTP targeted H1 2027; reflects rising DEF demand from tighter emissions.
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  7 May 2026

  Statkraft Q1 results strong despite lower production

  Strong Q1 driven by higher Nordic power prices despite lower hydropower output; underlying EBITDA NOK13.3bn, net profit NOK8.1bn, net debt down NOK8.3bn, ROACE 12.3%
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  6 May 2026

  Trafigura to develop 300,000 tpa smelter and 150,000 tpa anode plant at Nag Hammadi

  Exclusive talks launched to build a 300,000 tpa primary aluminium smelter and 150,000 tpa anode plant at Nag Hammadi with investment of USD 750–900m.
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  6 May 2026

  LanzaTech partners with DTU BRIGHT to build C1 biofoundry

  Multi-year deal to design and install a next-gen C1 biofoundry, accelerating gas fermentation R&D to convert CO, CO2 and methane into fuels, chemicals and materials.
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  6 May 2026

  Borouge: First XLPE from Borouge 4 to support UAE energy sector

  New plant doubles output (+100,000 t/yr), awarded ~$600M in local contracts, expands site capacity by 1.4M t and is expected to deliver up to $400M net profit over three years.
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  6 May 2026

  Topsoe and BioVeritas partner on second‑generation renewable fuels

  Deal enables conversion of second-gen feedstocks (woody biomass, corn stover, straw, wastes) into KEYTones for processing with HydroFlex, allowing scalable renewable fuels and SAF in existing plants.
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  6 May 2026

  ORLEN partners with AWS for cloud-based digital transformation

  Migrate IT to cloud and adopt cloud-native apps to improve efficiency, scalability and security; use AI/ML, analytics and ISV solutions; multi-cloud strategy and staff upskilling.
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  6 May 2026

  Delfin Midstream secures 20‑year, 0.3 Mtpa LNG deal with Gunvor

  LNG delivered FOB from an FLNG facility 40 nm off Louisiana, using a brownfield deepwater port, UTOS pipeline acquisition and federal approvals to support long-term exports.
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  6 May 2026

  TA’ZIZ and Alpha Dhabi to invest $10bn in UAE chemicals

  Study to develop up to 14 industrial chemicals, adding ~2.2 mtpa capacity in Al Ruwais to support import substitution, local supply‑chain resilience and MIITE industrial strategy.
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  6 May 2026

  Equinor Q1 2026 results

  Adjusted operating income USD 9.77bn; adjusted net income USD 3.70bn. Record production +9% (2,313 mboe/d). Seven NCS discoveries, Raia drilling, Q1 dividend $0.39/sh, $375m buy-back tranche.
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  6 May 2026

  Aramco and solutions by stc to deploy next-generation Upstream supercomputer

  Next-gen supercomputer will boost Upstream compute—7× capacity—for seismic imaging and reservoir simulation, improving hydrocarbon discovery, recovery and field life; delivery 2027
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  6 May 2026

  CATL and HyperStrong sign 60GWh sodium‑ion energy‑storage supply pact

  Three-year sodium‑ion energy-storage deal to industrialize mass production: higher energy density, manufacturing fixes for consistent output, improved safety, and Li‑ion form‑factor compatibility
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  6 May 2026

  Heidelberg Materials Q1 2026: solid start

  Q1 revenue and RCO down; cost measures & Transformation Accelerator saved €405m; acquisitions in Australia and Turkey; new efficient kiln; dividend +9% and buyback continue; outlook confirmed.
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  5 May 2026

  Merck acquires Terns Pharmaceuticals

  Adds TERN‑701, an oral allosteric BCR::ABL1 TKI with FDA Breakthrough for certain CML patients. Bought via $53/share tender and merger; ~$5.8B R&D charge; Terns now delisted and private.
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  5 May 2026

  INEOS Energy and Shell to explore Gulf of America

  Joint investment to pursue exploration and development near Appomattox platform—acquire 21% interest in tieback assets, targeting Fort Sumter, Sisco well and a further well by 2030.
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  5 May 2026

  INEOS and Shell to jointly explore Appomattox-area oil and gas in Gulf of America

  Acquire 21% interest in Appomattox-tieback assets; target Fort Sumter pre-FID, Sisco well, and another exploration well by 2030 to add production, control costs and share risk
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  5 May 2026

  TA’ZIZ signs $28.5bn offtake and feedstock agreements to expand UAE chemicals ecosystem

  Long-term offtake and feedstock deals worth $28.5bn secure global markets and local inputs for methanol, PVC, EDC/VCM, caustic soda, salt and gas, supporting 4.7 mtpa chemicals output by 2028
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  5 May 2026

  Statkraft and SUNCATCHER to market three German solar‑battery projects

  Agreement to market three hybrid solar+storage sites (34.5 MWp PV, 12 MW/24 MWh batteries) to be commissioned H2 2026; batteries solar‑charged; profit‑share model; runs to 2031.
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  5 May 2026

  Worley appointed Owner’s Engineer for Holcim CCUS projects in EU and UK

  MSA covers 14 CCUS projects in EU/UK (7 backed by European Innovation Fund). Provides owner’s engineering—oversight, project management, technical integration. Targets ~5 Mt CO2/yr by 2030.
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  4 May 2026

  Perpetual Next names JPB Logistics for Farmsum biomethanol storage

  Planned storage for a 220,000 tons/year biomethanol plant in Farmsum; 21,000–35,000 gross m³ tanks proposed; pipelines and inland shipping planned, truck backup; subject to FID.
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  4 May 2026

  DOMO Engineered Materials acquired by Lone Star Funds; TECHNYL® included

  Fund affiliate buys engineered materials unit: three EU plants, global subsidiaries, IP/brand, sales, application center and masterbatch ops; Belle Étoile excluded; leadership continuity planned.
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  4 May 2026

  Equinor extends NOK 17bn drilling and well-services contracts on Norwegian continental shelf

  Exercises 1–2 year options on drilling and well-service contracts; secures specialist frameworks to sustain production, preserve ~2,500 jobs and raise pace, efficiency and standardisation.
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  4 May 2026

  UPM and BASF advance recyclable fiber-based packaging

  Barrier papers paired with Joncryl HPB coatings enable high-performance, recyclable fiber-based packaging; samples to be shown at interpack 2026, supporting design-for-recycling rules.
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  2 May 2026

  thyssenkrupp AG, Jindal pause talks on thyssenkrupp Steel stake

  Steel unit's outlook improves after restructuring and IG Metall agreement; EU trade protections and CBAM increase stability. Goal: autonomous, profitable steel business; parent may keep minority stake