4,698 results found
BP dilutes climate plans with renewed investment in oil and gas
BP has dialled back its climate commitment, signalling it will increase investments in oil and gas production as it reported historic earnings on the back of high energy prices.
Type: News
NNPC signs JV deals with Chevron, Shell
THE Nigerian National Petroleum Corporation (NNPC) has signed financing agreements with its joint venture partners to develop the Sonam and Santolina projects.
Type: News
Saudi Aramco gives go ahead for largest ever stock listing
SAUDI Aramco has announced its intention to proceed with its long-awaited public stock listing, which is expected to be the world’s largest.
Type: News
BP protects jobs for three months
BP has announced that it will not be cutting any jobs due to the coronavirus pandemic.
Type: News
Pfizer adds AZ antibiotics to portfolio
Includes Zaficefta and Merrem for serious infections
Type: News
NOVARTIS, the pharmaceuticals group, has announced plans to cut more than 2,000 jobs in the UK and Switzerland. The decision was made as part of a global programme to lower production costs and increase profitability.
Type: News
UK government’s failure to invest in Tata Steel criticised by Welsh first minister
THE Welsh first minister, Carwyn Jones, has accused the UK government of failing to secure the future of Tata Steel operations at the Port Talbot steelworks in Wales.
Type: News
Sizewell C looks at capturing CO2 from the atmosphere using nuclear heat
SIZEWELL C, in the UK, is developing plans to demonstrate how heat from a nuclear plant could be used to power direct air capture (DAC) technology to suck CO2 emissions from the atmosphere.
Type: News
Wood and Computer Modelling Group team up to advance carbon capture storage solutions
WOOD, the global engineering and consulting company, has signed a memorandum of understanding (MoU) with Computer Modelling Group (CMG), to advance carbon capture storage solutions.
Type: News
Rockwell forcefully rejects Emerson takeover bid
ROCKWELL AUTOMATION has rejected a third takeover offer from Emerson Electric, arguing that the deal undervalues the firm.
Type: News
OPEC agrees to cut global oil by 10% but there are fears it is not enough
OPEC has agreed to cut global oil output by around 10% in response to the coronavirus pandemic, ending the oil price war between Saudi Arabia and Russia that has halved the value of crude.
Type: News
ExxonMobil will cut 1,600 jobs in Europe
EXXONMOBIL has announced that it will cut 1,600 jobs in Europe as the oil industry struggles with the drop in demand caused by Covid-19.
Type: News
Steel coalition calls for emissions standard that ignores production process
A COALITION of steelmakers has called for a global process-agnostic emissions standard, warning that planned proposals could see higher-emission steel erroneously labelled as “green”.
Type: News
Celanese and Blackstone form acetate tow JV
CELANESE is forming a joint venture with Blackstone to create a global acetate tow supplier – as they seek to cut costs in the face of falling demand for cigarettes.
Type: News
Sinopec to upgrade Iran’s Abadan refinery
SINOPEC ENGINEERING has won an engineering, procurement and construction (EPC) contract to upgrade Iran’s ageing Abadan refinery.
Type: News
Linde-Praxair merger in doubt following regulator demands
A MERGER to create the world’s largest industrial gases firm is in doubt after anti-trust authorities demanded that Linde and Praxair sell off more assets to secure approval.
Type: News
