Management

Ineos' Ratcliffe: 600 jobs at stake at Geel PTA plant due to overzealous regulations

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 an 80% reduction in cobalt levels.

bp abandons goal to cut oil output, resets strategy

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.

Lummus launches PFAS analytical services

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 operators assess contamination levels and monitor progress of their treatment systems.

Consortium to purchase CB&I from McDermott

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.

Russia's Tuapse oil refinery suspends processing due to low margins

Shell's Q3 refining margins drop sharply

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.

Iraq's Kerbala refinery non-operational due to maintenance

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

Eni may sell more stakes in renewable, biofuel units retaining majority

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 capital.

OCI Global completes $2.35-B sale of clean ammonia to Woodside

OCI Global announced the completion of the sale of 100% of its equity interests in its 1.1 MMtpy Clean Ammonia project under construction in Beaumont, Texas to Woodside Energy Group Ltd for $2.35 B.

Digital Exclusive: Unlocking the power of hydrogen processing: Ensuring safety and driving profits

Harnessing the potential of hydrogen for energy generation requires a deep understanding of the associated safety considerations. When it comes to hydrogen processing, it’s important to examine hydrogen’s unique challenges and the innovative approaches that business leaders can adopt to ensure safety while driving profitability in the hydrogen processing industry.