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Mergers, Acquisitions, and Partnerships news
(page 7)
7 May 2026
Borouge expands UAE logistics network with Gulftainer and Etihad Rail partnerships
Agreements secure East Coast export access, streamline inland logistics, and create an integrated rail corridor from Ruwais to ports—boosting multimodal resilience, predictability and lower emissions.
7 May 2026
Moeve Q1 2026 Clean CCS EBITDA €506m, ramps Spain energy-transition capex
Q1 net income €147m; capex €272m (69% to energy transition); operating cash flow €283m; FID for 300MW Andalusian green hydrogen; non-binding talks with Galp; net debt €2.56bn (1.6x).
7 May 2026
Iberdrola sells 5 TWh in Italy via long-term PPAs
Signed five agreements with major Italian chemical, manufacturing and food firms, backed by 90 MW new PV under Energy Release 2.0 to provide stable, competitive, decarbonised supply.
7 May 2026
SPIE Joins Consortium to Build PanTera Actinium‑225 Production Facility in Mol
Consortium to build facility boosting production of a cancer radioisotope; scope includes HVAC, sanitation and technical gases. Construction started; equipment integration planned late 2026.
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
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.
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
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.
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.
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.
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%
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.
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.
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.
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.
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.
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.
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.
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
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
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.
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.
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.
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
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
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.
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.
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.
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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