Press Releases

bp has announced the start of production from the second development phase of the Raven field, offshore Egypt, which involves the subsea tieback of additional Raven infill wells to its existing onshore infrastructure as part of the West Nile Delta (WND) project. bp, the operator, holds an 82.75% stake in the project, while Harbour Energy owns the remaining 17.25%. The new wells are expected to produce approximately 220 billion cubic feet of gas and 7 million barrels of condensate. The project

The EuroPack Summit, an invitation-only premium forum for packaging excellence in the FMCG sector, will take place on March 20-21, 2025, at the Hôtel Martinez in Cannes, France. The summit will bring together leading packaging executives, innovative suppliers, and solution providers to address key industry challenges and market developments. The two-day event will focus on critical topics shaping the future of packaging, including: Material transformation for

 Prism Worldwide, a leader in innovative material solutions that is dedicated to advancing end-of-life tire recycling technology, and Sherwood Industries, a family-owned sheet extruder of thermoplastics, today announced a partnership to introduce Prism's sustainable thermoplastic elastomers (TPEs) into extruded TPE sheets. Extruded TPE rubber sheets are widely used across multiple industries, including automotive, where they serve as materials for bin mats, mud flaps, and wheel well

ChampionX Corporation announced today its Board of Directors has declared a regular quarterly dividend of $0.095 per share on the company’s common stock, par value $0.01 per share, to be paid on April 25, 2025 to shareholders of record on April 4, 2025. About ChampionX: ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and produce oil and gas sa

Vertimass LLC's Chief Operating Officer John Hannon, Ph.D., has joined the board of directors for Advanced Biofuels USA, an educational nonprofit dedicated to the understanding, development and use of advanced biofuels in the U.S. and around the world. "Hannon's work with technology scale-up, licensing, business development, and intellectual property related to Vertimass' novel ethanol-to-fuels and chemical catalytic conversion technologies, his experience as a prin

Prism Worldwide, a leader in innovative material solutions that is dedicated to advancing end-of-life tire recycling technology, and Sherwood Industries, a family-owned sheet extruder of thermoplastics, today announced a partnership to introduce Prism's sustainable thermoplastic elastomers (TPEs) into extruded TPE sheets. Extruded TPE rubber sheets are widely used across multiple industries, including automotive, where they serve as materials for bin mats, mud flaps, and wheel well protec

The Surface Treatment global business unit of BASF’s Coatings division, operating under the Chemetall brand, has switched its electricity supply for its production site Blackman Township in Jackson County, Michigan, USA, to 100% renewable electricity*. The energy provided by the partner BASF Renewable Energy is generated by a subset of renewable resources, including solar and wind, resulting in an approximate reduction of 950 tons of CO2 emissions** in 2025. The partnership wi

Oil and Natural Gas Corporation Limited (ONGC) and bp have signed a contract under which bp will serve as the Technical Services Provider (TSP) for the Mumbai High field, India’s largest and most prolific offshore oil field. ONGC will retain ownership and operational control of the field. Under the terms of the contract, bp will receive a fixed fee for a period of two years for its deployed personnel, followed by a service fee linked to incremental oil and gas production. bp w

Air Products will highlight how its industrial gases, such as hydrogen, can help the power industry generate a cleaner future and reach its decarbonization goals at POWERGEN International, at the Kay Bailey Hutchison Convention Center in Dallas, Texas. With more than 80 years of industrial gas experience, and as the world’s largest supplier of hydrogen, Air Products has the expertise needed to be a decarbonization partner to the power generation industry as it works to transit

Allied Energy Corporation proudly announces a transformative Natural Gas Purchase and Sale Agreement with River Energy Group, LLC and Louis Energy Gas Texas, Inc. This collaboration positions Allied Energy at the forefront of both the energy and digital economies, helping to power the next generation of cryptocurrency data centers while embracing sustainable and efficient natural gas usage. With exclusive rights granted to Louis Energy Gas Texas, Inc. to purchase natural gas from th

Dow has declared a dividend of 70 cents per share, payable March 14, 2025, to shareholders of record on February 28, 2025. This marks the 454th consecutive dividend paid by the Company or its affiliates since 1912. About Dow Dow (NYSE: DOW) is one of the world's leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration

Kraton Corporation and Formosa Petrochemical Corporation are pleased to announce the ISCC PLUS certification of their HSBC Joint Venture plant in Mailiao, Taiwan. As the inventor of styrenic block copolymers (SBC), Kraton remains committed to delivering innovation and sustainable solutions for customers worldwide. Kraton's Mailiao certification expands its portfolio of certified SBC manufacturing sites beyond Europe and North America into Asia. The Taiwan facility can now produc