The US Energy Information Administration has reported that many US states slightly increased their taxes and fees on gasoline in 2025, with highs recorded in California and lows in Alaska.
EIA forecasts that production of petroleum and other liquids will continue to exceed global demand, which results in Brent crude oil prices falling from an average of US$69/bbl in 2025 to US$58/bbl in 2026 and US$53/bbl in 2027.
ABB has launched a new software-as-a-service (SaaS) option for its energy management and optimisation platform, ABB AbilityTM OPTIMAX® 7.0, alongside improved advanced process control software.
Axens has announced the closing of the acquisition of 100% of Eurecat, following the completion of the required regulatory approvals.
Binh Son Refining and Petrochemical JSC (BSR) has signed several memoranda of understandings (MoUs) with leading US energy firms, marking a fresh step forward in bilateral energy cooperation.
Baker Hughes has announced an agreement with Marathon Petroleum to become its preferred provider for hydrocarbon treatment products and services at refineries across the US.
Bilfinger has been awarded a contract for the assembly and installation of BP’s 100 MW green hydrogen electrolyser plant in Lingen, Germany.
Petrobras has renewed and expanded crude oil sales contracts with India’s main state-owned refiners during a global energy industry leaders’ meeting, held in the city of Goa, India.
Dow has announced a comprehensive plan to simplify how it operates and streamline its end-to-end processes, targeting at least US$2 billion in near-term operational EBITDA.
BASF has announced plans to open a global Digital Hub in Hyderabad, India, in 1Q26, sharpening BASF’s existing global Digital Hub network in Europe and the Asia-Pacific region.
Baker Hughes has announced the latest release of Cordant™ (Release 26.1) industrial software, featuring expanded capabilities to help operational reliability, performance consistency, and sustainability initiatives.
Repsol will install its second 100 MW electrolyser at its Petronor refinery in Muskiz, Northern Spain, advancing its industrial decarbonisation strategy.
Plug Power has completed the installation of 100 MW GenEco Electrolyser Units at Galp’s Sines Refinery, Portugal.
The American Petroleum Institute (API) has called for swift congressional action on year-round E15 and refinery certainty.
Yokogawa has announced that it has increased its investment in Semantum Oy, a company that provides digital solutions in areas such as industrial plant data modelling, simulation, optimisation, and engineering automation.