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(page 40)
13 May 2026
Novo Nordisk: Wegovy pill yields 21.6% weight loss in early responders and doubles mobility improvement
Nearly 29% were early responders (≥10% by 16w), averaging 13.2% loss at 16w; non-responders still lost 11.5% by wk64. Overall mean 17% vs 2.7% placebo. Outperformed orforglipron; GI AEs mostly mild.
13 May 2026
bp takes 40% stake in North Ustyurt PSA, Uzbekistan
40% stake acquired in North Ustyurt PSA; remaining interests split 30%/30% with operator holding 30%. PSA covers six blocks; seismic exploration started after signing in Tashkent.
13 May 2026
bp joins Ustyurt PSA with 40% stake
At OGU 2026, accession documents signed for the Ustyurt PSA covering Boyterak, Terengquduq, Birqori, Kharoy, Qoraqalpoq and Qulboy. Project at early stage; operator conducting seismic surveys.
12 May 2026
Ketjen and Imubit introduce real-time catalyst intelligence for FCC and hydroprocessing
Delivers live process and catalyst data, near‑real‑time analytics and advisory guidance to help refiners stabilise and optimise unit performance.
12 May 2026
SPIE partners with SkyNRG on DSL-01 SAF plant in Delfzijl
100,000 t/yr SAF plus 35,000 t/yr sustainable by‑products; CO₂ savings up to 80%; construction started and operation expected mid‑2028.
12 May 2026
Messer Belgium builds sustainable air separation plant at North Sea Port
€60M investment creates 30 jobs to produce oxygen, nitrogen and argon; construction starts mid‑May, commissioning by 2028, CO2‑free operation using green electricity; serves Lille‑Rotterdam axis
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Project Updates and Milestones
New Projects and Expansions
Mergers, Acquisitions, and Partnerships
Innovation and Product Development
Operational Changes and Investments
Sustainability and Environmental Initiatives
Financial Performance and Strategy
Executive Appointments and Governance Changes
Regulatory and Compliance Updates
Workforce and Corporate Social Responsibility (CSR)
Crisis and Risk Management
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12 May 2026
Lilly: Foundayo and reduced-dose Zepbound maintain weight loss after switching from high-dose injectables
Two late-phase trials: switching from high-dose injectable incretins to an oral GLP-1 or reducing injectable dose preserved most prior weight loss at 1 year; safety matched prior Phase 3
12 May 2026
TotalEnergies signs MoU with Syrian Petroleum Company for Block 3 offshore exploration
MoU creates a framework for technical review and commercial discussions to assess exploration of offshore Block 3 in Syria's Mediterranean.
12 May 2026
Boehringer Ingelheim licenses Immunitas preclinical antibody program for chronic inflammatory diseases
Global license of a preclinical antibody that targets pathogenic cells at inflammation sites to provide durable control in chronic immune diseases; includes milestones to €407.5M +royalties
12 May 2026
Novo Nordisk: Wegovy cuts weight and reduces cardiovascular and migraine risk across menopausal stages
Trials and real‑world data: semaglutide gave 19.7–22.6% weight loss, 15–17.5% waist reduction, ~42% MACE risk reduction in perimenopause, 42–45% lower migraine and 25% lower depression risk
12 May 2026
ABO Energy achieves restructuring milestones and defines strategic priorities
Restructuring draft finds firm viable; sets strategic action areas. Targets sustainable financing by end-July. Won 7.8 MW solar tariff, bid >150 MW wind, sold 16.8 MW farm and 4.5 MW turbine.
12 May 2026
Eni and MSC Cruises test Enilive HVO diesel on cruise ship
Pure HVO ran ~2,000 hours on a ship engine with no modifications; matched fuel performance, cut NOx ~16% and particulates, and cut lifecycle GHG ~80%. Validated by maker and independent certifier.
12 May 2026
Coolbrook appoints Dr Frank Eulitz CTO to lead industrial scale-up
Veteran turbomachinery expert brings 30+ years' R&D and OEM experience to lead scale-up and manufacturing of RotoDynamic electrification tech for high-temperature, fossil-free industrial heat
12 May 2026
Iberdrola grows Italy renewable capacity to 450 MW with 40 MW Basilicata wind acquisition
Commissioned in 2018, the plant has long‑term incentives ensuring stable cash flows. Near Lucania Complex, it complements Montelungo (20 MW), Etruria and Fenix (243 MW).
12 May 2026
Novo Nordisk: Wegovy 7.2 mg yields ~28% weight loss in early responders
STEP UP trial: early responders (≥15% at 24w) sustained major weight loss at 72w; higher dose reached goals faster than 2.4 mg; 84% of lost weight was fat and muscle function preserved.
12 May 2026
Uniper posts Q1 2026 results, reaffirms 2026 earnings guidance
Q1 adjusted EBITDA €407m, adjusted net income €231m; operating cash flow €1,588m; net cash €4,394m. Segments: Green €250m, Flexible €156m, Greener Commodities €66m. Stable amid market volatility.
12 May 2026
DOMO Engineered Materials joins RadiciGroup to create global tier‑1 compounder
Acquisition closed; combined global tier‑1 compounding platform serving diverse end markets. TECHNYL brand and teams remain; CEO appointed; focus on innovation and sustainability.
12 May 2026
EWE awards Bilfinger contract for Emden hydrogen plant
Final major contract fixes cost and planning for a 320 MW electrolyser, enabling long-term green-hydrogen supply deals. First production slated late 2027; stable regulation needed.
12 May 2026
Asahi Kasei to Realign Material Supply by FY2030
Streamline Mizushima Works by FY2030; no immediate supply impact. Exiting low-margin derivative businesses (¥116.2bn 2025) to boost margins, free capital for pharma, healthcare, homes, electronics.
12 May 2026
PETRONAS LNG signs 20-year charter with MISC for five LNG carriers
174,000-cbm newbuild LNG vessels to be built in Shanghai, delivery 2029–2030; will use XDF2.1 propulsion, shaft generators and onboard reliquefaction; project and ship management arranged.
12 May 2026
Asahi Kasei, Mitsui Chemicals and Mitsubishi Chemical agree 45/45/10 equity split for western Japan ethylene JV
Plan to integrate western Japan ethylene assets: close Mizushima plant by 2030 and consolidate operations at a single site to decarbonize, optimize capacity and strengthen competitiveness.
11 May 2026
Sunfire to install SOEC test facility at BASF’s Industriepark Lausitz, Schwarzheide
Test plant will validate high‑temperature SOEC electrolysis under industrial conditions to advance low‑cost green hydrogen deployment for large industrial projects.
11 May 2026
Petrobras posts R$32.7 billion net profit in 1Q26
Net profit R$32.7bn; adjusted EBITDA R$59.6bn; investments R$26.8bn. Production and refining records supported cash generation and higher derivatives output.
11 May 2026
Sasol to restart Augusta ISOSIV paraffin unit
Restart responds to constrained n‑Paraffin supply for LAB; preparatory work starts soon and beneficial operation is expected in H2 2026, subject to approvals.
11 May 2026
Ecovyst adds $100M Term Loan B to fund INEOS Calabrian sulfur business acquisition
Plans a $100M Term Loan B add-on to finance acquisition of INEOS’s Calabrian sulfur dioxide and related sulfur derivatives business; close targeted end-Q2 2026 with ~2x net leverage.
11 May 2026
ASPİLSAN Enerji A35 3500 mAh 18650 silicon/graphite cell
New 18650 lithium‑ion cell delivers 3500 mAh using a silicon/graphite composite anode; shown at SAHA 2026 and positioned for defense, mobility and global markets, including the USA.
11 May 2026
POSCO Holdings invests USD 765m for 30% stake in Australian lithium JV with Mineral Resources
Secures rights to 30% of spodumene concentrate from Wodgina and Mt. Marion; aims to link upstream mining supply with downstream processing and capture dividend income.
11 May 2026
PTT Global Chemical Tops S&P Global Sustainability Ranking for 7th Year
Ranked Top 1% in S&P Global CSA for seven consecutive years; the first company to do so. Named Sustainability Yearbook Member 13 years and added to Dow Jones Best‑in‑Class World and Emerging indices.
11 May 2026
Worley partners with Baker Hughes to deliver integrated LNG solutions
Non-exclusive MOU to jointly develop integrated, lower-carbon LNG projects - combining EPCM/EPCI delivery, modular liquefaction, advanced turbomachinery and digital tools to derisk and speed delivery
11 May 2026
Covestro to install Dormagen steam compressor, cutting Germany energy use 2%
Heat-pump upgrade will save ~40,000 t CO2/yr, cut low three-digit GWh energy use; investment low double-digit million euros; expected operation mid-2027.
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