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Operational Changes and Investments news
(page 20)
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
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.
6 May 2026
PureCycle Technologies Q1 2026 Results
Ironton turnaround finished early/under budget; record 8.4M lb production (~10M lb feedstock); 5th consecutive revenue growth; two P&G approvals; Q1 net loss $33.4M; liquidity $131M.
6 May 2026
OMV invests €65m in Schwechat Innovation Hub
New Schwechat hub (8,120 m²) will house labs, pilot plants and a technical centre with 50 workstations and space for up to 15 test facilities. Construction 55% done; start-up H1 2027.
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
Eli Lilly commits $4.5B to Indiana manufacturing, opens first genetic‑medicine facility
Buildout now totals $21B in Indiana since 2020; upgrades at Lebanon API to produce Foundayo, Zepbound/Mounjaro and retatrutide; project to scale API capacity and boost regional jobs and GDP.
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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.
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.
6 May 2026
Ørsted Q1 2026: Strong operational performance
EBITDA DKK 9.5bn; offshore generation +27% y/y. First power from Revolution Wind; Sunrise Wind turbines installed; monopiles started at Hornsea 3/Baltica 2. FY EBITDA guidance > DKK28bn
5 May 2026
Iberdrola upgrades Valdecañas pumped storage, adding 355 MW and 210 GWh
Valdecañas pumped-storage started pumping, linking Alcántara and Valdecañas reservoirs into a gigabattery with a hybrid battery, aiding renewables integration, grid stability and flood control
5 May 2026
Heidelberg Materials commissions 1.25 Mt/yr Airvault kiln line to improve efficiency and reduce CO2
1.25 Mt/yr dry kiln replaces old lines; enables ~90% alternative fuels, reduces electricity ~10% and CO2 ~30%; €350M upgrade includes calcined-clay use and CCUS (1 Mt/yr).
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
Equinor starts Eirin gas production to Europe
Eirin field started gas exports to Europe via Gina Krog/Sleipner A. ~27.6 million boe, NOK4.5bn cost; tied-back subsea built in three years; extends Gina Krog life to 2036; ~3 kg CO2/boe.
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.
4 May 2026
ADNOC launches Industrial Resilience Program to strengthen UAE manufacturing and supply chains
Five initiatives to boost local manufacturing, prioritize Made in the Emirates, add ICV+ incentives and a Multiplier tool, plus long-term demand visibility to shore up supply-chain resilience
4 May 2026
OMV Petrom & ROMGAZ begin Neptun Deep pipelaying in the Black Sea
Pipelaying begins for 160 km Neptun Deep subsea gas line; Castoro 10 on site. ~50-vessel mobilization; subsea systems, platform and wells targeted to deliver first gas in 2027
4 May 2026
Amgen invests $300M more in U.S. manufacturing, nearly $2B over past year
Expands Puerto Rico biologics facility to boost U.S. production, deploy next‑gen technologies, support workforce development and construction jobs, and strengthen medicine supply‑chain resilience
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.
4 May 2026
Siemens expands digital portfolio for water & waste management
Real-time water-quality monitoring, SIWA Treatment Optimizer (digital twin) cutting energy/emissions up to 25%, soft sensors, integrated control center and expanded waste-management automation
3 May 2026
ADNOC to award AED200 billion in projects to accelerate strategy
Accelerates project delivery (2026–28), boosts UAE manufacturing and In‑Country Value by linking EPCs with 70 vetted local suppliers; launches Value Connect to match ~1,000 firms
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
1 May 2026
Algol Chemicals to distribute THOR in Finland and Baltics
Distribution of Acticide and Microcare in Finland and the Baltics transfers May–June 2026, expanding supply for coatings, hygiene and cosmetics.
1 May 2026
Petrobras starts Búzios 8 (P-79) production
Brought online three months early, FPSO adds 180,000 bpd and 7.2M m³/d compression, raising field capacity to ~1.33M bpd; 14 wells planned and up to 3M m³/d gas export.
1 May 2026
Perpetual Next selects JPB Logistics for Delfzijl biomethanol storage
MoU to negotiate storage/handling for a 220,000 t/y biomethanol plant; planned tank capacity 21,000–35,000 m³; logistics via inbound pipeline, outbound barge, trucks as backup; final on FID.
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