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ADNOC closes acquisition of 24.9% stake in OMV

ADNOC announced that it has formally closed the acquisition of a 24.9% shareholding in OMV AG, a global energy and chemicals group, headquartered and listed in Vienna, Austria, from Mubadala Investment Company.

Biden-Harris administration (U.S.) allocates $366 MM to reduce energy costs and boost security in rural areas nationwide

As part of President Biden’s Investing in America agenda, the U.S. Department of Energy announced more than $366 MM for 17 projects across 20 states and 30 Tribal Nations and communities to accelerate clean energy deployment in rural and remote areas across the country.

Honeywell adds augmented reality to its Immersive Field Simulator

Honeywell today announced it is adding augmented reality to its Immersive Field Simulator (IFS), a platform that uses a digital twin of a physical facility to provide targeted, on-demand training for the industrial workforce.

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Hydrocarbon Processing Staff: Rhodes, Mike

Linde board elects Paula Rosput Reynolds as new Director

Sir Ratcliffe warns Europe is “sleepwalking towards offshoring its industry, jobs, investments”

Sir Jim Ratcliffe, Chairman and Founder of INEOS, has written to Ursula von der Leyen, President of the European Commission, warning that Europe is “sleepwalking towards offshoring its industry, jobs, investments, and emissions.” 

Editorial Comment: Digital transformation: The many pathways to operational and project excellence

Hydrocarbon Processing Staff: Nichols, Lee

Throughout the history of the modern refining and petrochemicals industries, asset owners, project developers, and equipment and service companies have devoted countless expenditures in the research and development of new technologies.

Marathon's Detroit refinery workers aim to work out contract without strike, union says

Teamsters, one of America's biggest unions, said it wants to negotiate a new contract with Marathon Petroleum for its members at the Detroit refinery without having to go on a strike.

ERIKS North America honors founding legacy with rebrand to LGG Industrial

ERIKS North America, a provider of fluid handling, sealing, and material conveyance solutions, is rebranding to LGG Industrial.

France drops plan to decrease farmers' diesel discount but protests to continue

The French government dropped plans to gradually reduce state subsidies on agricultural diesel but that seems not enough for angry farmers surrounding Paris and still threatening to converge on the capital in their tractors.

Mexico president admits fuel production still short to reach energy self-sufficiency

Mexico will be short of the fuel it needs to meet President Andres Manuel's Lopez Obrador goal of energy self-sufficiency when his term ends this year, he said during a recent press conference.