Alfa Laval to double capacity at Richmond, Virgina, facility by 2028
In response to accelerating demand across key industrial markets in North America, Alfa Laval announced a major expansion of its manufacturing facility in Richmond, Virginia, USA.
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Wood Mackenzie: oil prices could hit US$100/bbl as Strait of Hormuz traffic halts
Higher oil and gas prices are certain as the closure of the Strait of Hormuz threatens to disrupt 15% of global oil supply and 20% of global LNG supply if tanker flows are not quickly restored, according to Wood Mackenzie.
Wood Mackenzie: Big Oil faces production cliff edge
Wood Mackenzie analysis reveals 30 of the world's largest oil and gas companies face a combined 22 million boe/d production shortfall by 2040 to maintain their market share of oil and gas demand.
Honeywell amends agreement to acquire Johnson Matthey’s catalyst technologies business
Honeywell has announced that it has entered into an amended agreement to acquire Johnson Matthey's Catalyst Technologies business segment, which adjusts the total consideration from £1.8 billion to £1.325 billion and extends the long stop date to 21 July 2026.
Aramco signs MoU with Microsoft to help advance digital solutions
Aramco and Microsoft have signed a non-binding MoU to help Aramco explore digital initiatives designed to accelerate industrial AI adoption, enhance digital capabilities, and strengthen workforce development in Saudi Arabia.
ABB launches integrated carbon capture measurement solution
ABB has announced the launch of its first fully integrated gas analyser package for carbon capture, utilisation, and storage applications for the decarbonisation of hard-to-abate industries.
KBR and Petro Rabigh announce 10 year contract
KBR and Petro Rabigh have announced a strategic 10 year general maintenance services contract covering Petro Rabigh Polymer I and Polymer II plants at Rabigh in the Kingdom of Saudi Arabia.
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Dangote and XCMG partner for industrial collaboration
Dangote Industries Ltd has entered into a strategic cooperation agreement with XCMG Construction Machinery Co. Ltd in a move aimed at strengthening infrastructure delivery, industrial capacity, and green project development across Africa.
EIA: maritime exports of petroleum products increased in January 2026
US exports of refined petroleum products have increased steadily over 2025, with exports totalling 6.3 million bpd in January 2026, about 10% more than in January 2025 and near record highs, according to data from Vortexa.
ExxonMobil advances plastics recycling unit at Baytown
ExxonMobil’s third advanced recycling unit at it's complex in Baytown, Texas, US, is now operational.
Geoinform signs strategic cooperation agreement with Baker Hughes
Geoinform Ltd has signed a strategic cooperation agreement with Baker Hughes to various introduce oil and gas technologies aimed at of meeting emerging market demands and improving operational efficiency.
EIA: many US states slightly increased taxes and fees on gasoline in 2025
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 lower oil prices in 2026 and 2027 due to persistent stock builds
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 introduces SaaS option for software
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 completes acquisition of Eurecat
Axens has announced the closing of the acquisition of 100% of Eurecat, following the completion of the required regulatory approvals.