Neste has become the first Finnish company to be granted IPCEI (Important Project of Common European Interest) status by the European Commission, which enables national public funding for Neste's clean hydrogen projects at Porvoo refinery.
Sulzer is investing £1 million to expand and upgrade the Ellon facility in Aberdeenshire, Scotland, creating an advanced rotating equipment service centre with the capability to overhaul electric motors, pumps, gearboxes and turbocompressors under one roof.
According to GlobalData, the rapid digitalisation of the oil and gas industry has made it increasingly vulnerable to cyberattacks, and so companies must fortify their cybersecurity posture in line with their digitalisation strategy.