Press Releases

Aramco, one of the world’s leading integrated energy and chemicals companies, has been recognized on the global stage for its innovative deployment of digital technology to enhance the lives of its employees.  The company’s digital engagement platform, myCommunity, was named the winner of the Innovation Award during the World Smart City Awards 2024, an annual event that recognizes pioneering projects, ideas and strategies intended to make cities around the world mor

Halten East is an ongoing offshore development located in the Kristin-Åsgård area in the Norwegian Sea. The development comprises six gas discoveries and three prospects, which will utilise existing infrastructure and processing capacity at Åsgård B. The recoverable reserves in Halten East are estimated to be around 100 million barrels of oil equivalents, of which approximately 60% is gas that will be exported to Europe via Kårstø. &ldq

Steven Larkin was just beginning his career when he experienced something unforgettable. That experience? Helping discover the oil and gas potential of an offshore field, now called Tahiti, in the U.S. Gulf of Mexico. This feat remains a professional highlight, 26 years later. “I had a mentor who said to me, ‘I want you to understand that this doesn’t happen very often, and it may never happen again in your career,’” recalled Larkin, who was a

Sinopec Star Co., Ltd., a clean energy subsidiary of China Petroleum & Chemical Corporation has received  the grid access permit for its medium and deep geothermal power generation pilot project (the "Project") in Xianyang, Shaanxi Province, which is officially connected to the grid to produce power. The Project, which is now connected to the grid and generating power, marks Sinopec's first foray into geothermal electricity production and represents China'

Huntsman Corporation announced today that its Board of Directors has declared a $0.25 per share cash dividend on its common stock. The dividend is payable on December 31, 2024, to stockholders of record as of December 13, 2024. About Huntsman: Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2023 revenues of approximately $6 billion. Our chemical products number in the thousands and a

BASF recently officially opened its new production line for water-based dispersions in Heerenveen, the Netherlands. Thanks to this new line, production capacity will be increased, without additional CO2 emissions. The expansion has taken place on the basis of the existing infrastructure and buildings. The installation will be electrically powered and supplied with green electricity from the Hollandse Kust Zuid wind farm, which BASF operates in a joint venture with Vattenfall and Allianz.

As part of its strategy to grow its Liquefied Natural Gas (LNG) business, TotalEnergies announces today the signing of a sales agreement (HoA) with Sinopec for the delivery of 2 million tons of LNG per year for 15 years, starting in 2028. Thanks to this major agreement with one of the leading LNG players in the country, TotalEnergies strengthens its long-term position in the LNG market in China, the largest market in the world. This agreement comes within the strategic cooperation a

CNOOC Limited announced that Mero3 Project has commenced production safely. Mero field is located in the Santos Basin pre-salt southeastern offshore Brazil, about 180 kilometers away from Rio de Janeiro, in a water depth of between 1,800 and 2,100 meters. Mero3 Project will be developed by the traditional deep-water Pre-salt development mode, FPSO+Subsea. 15 development wells are planned to be commissioned, including 8 production wells and 7 injectors. The production capacity of the

In a move aimed at increasing plastic recycling and reducing the overall consumption of packaging, the Waste Management and Recycling Association of Singapore (WMRAS) and Singapore Logistics Association (SLA) will sign a memorandum of understanding (MoU) to formalise their collaboration. The signing will take place on the opening day of the Plastics Recycling Show Asia, taking place at Marina Bay Sands, Singapore from 13-14 November 2024, where Dr Amy Khor, Senior Minister of State for the Mi

Worth $2.56 billion in 2024, packaging manufacturers and users are increasing demand for a new generation of polymers that are also biodegradable or compostable. This transition is being powered by consumer preference, brand owner’s corporate citizenship commitments, and a suite of new regulatory requirements. A dedicated new study from Smithers – The Future of Biodegradable and Compostable Packaging to 2029 – forecasts sales value will increase at a +9.1% compound

LongueVue Capital is pleased to announce the launch of Innotex Packaging Solutions, a new integrated flexible packaging solutions provider uniting Summit Plastics ("Summit"), ClearView Packaging ("ClearView"), and Fredman Packaging ("Fredman"). This strategic rebranding brings together the complementary capabilities of these three companies to form a vertically integrated flexible packaging leader with expertise in blown film production, flexographic printing, ad

OCSiAl, the global leader in graphene nanotube technology, has opened its first European production facility. The facility, located in Serbia will produce TUBALL™ nanotubes and nanotube-based products, marking a significant step forward in integrating nanomaterials into various industries. More than 1,500 companies worldwide, including leading rubber and plastic manufacturers, already use graphene nanotubes in their production lines. “This facility’s strategic loca