bp has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of ...

Russian oil companies have held talks with the government on whether firms that do not produce diesel should be banned from exporting it because of concern the refiners may be losing subsidies.

Poland's Orlen's flagship petrochemicals project may see further losses due to problems in the planning and construction process, increasing total capex from $2.11 B to > $6.3 B.

QatarEnergy has entered into a long-term naphtha supply agreement with Shell, supplying up to 18 MMt of naphtha over 20 years from April 2025.

The INEOS purified terephthalic acid (PTA) plant at Geel in Belgium is threatened with closure as regulators aim to impose unattainable environmental targets on a factory that has already committed to ...

Lummus Technology announced new analytical services for per- and polyfluoroalkyl substances (PFAS), providing accurate detection of a wide range of PFAS compounds, helping water and wastewater ...

Italy's Eni will decide about additional stake sales in its renewable and biofuel units, its CEO said, keeping in mind that it wants to list them on the stock market and retain the majority of their ...

Iraq's Kerbala refinery is under extensive maintenance and has been non-operational since Sept. 25, knocking out 150,000 bpd of processing capacity.

Shell's refining profit margins dropped by nearly 30% in the third quarter from the previous three months as global demand sagged, while oil product trading earnings also weakened.

BASF and Evonik have agreed on the first delivery of BASF’s ammonia BMBcert grade. Thereby, both chemical companies demonstrate their commitment to offer products with a reduced product carbon ...

A consortium led by Mason Capital Management announced that it has entered into a definitive agreement to acquire the CB&I storage solutions business from McDermott International, Ltd.

The Czech Republic will seek European Union partners to help it contend with tougher EU carbon dioxide (CO2) emissions rules next year.