
BASF confirms exploratory talks regarding potential takeover of Evonik
BASF SE has confirmed exploratory talks with RAG-Stiftung and Evonik Industries AG regarding a potential takeover of Evonik.
Browse the latest downstream contract news news and articles.

BASF SE has confirmed exploratory talks with RAG-Stiftung and Evonik Industries AG regarding a potential takeover of Evonik.

Petrobras has signed a Memorandum of Understanding (MoU) with Mozambique’s National Hydrocarbon Company (ENH) to establish the foundation for strategic cooperation between the two companies in the oil and gas sector, across the full value chain.

Engineers India Ltd (EIL) have extended its partnership with the Dangote Group for an upcoming mega greenfield refinery and petrochemical project in Kenya.

Transnet National Ports Authority has issued a request for proposals for the appointment of a terminal operator for the Port of East London, South Africa.

MOL has completed construction work on the AV3 unit at the Danube Refinery, Hungary, which was damaged in a fire last autumn.

Ebara Elliott Energy (EEE) has launched its expanded Houston Center of Excellence, establishing a single-source hub for turbomachinery repair, testing, and restoration, US.

The Rijeka Refinery Upgrade Project has reached another major milestone with the new delayed coker unit (DCU) achieving start-up.

Technip Energies has launched a standardised, fully modular and electrified LNG solution enabled by Honeywell Technologies and Siemens Energy.

CB&I and AG&P Industrial have completed and commissioned two 60 000 m3 full containment LNG storage tanks at the LNGPH Ilijan LNG facility in the Philippines.

Perpetual Next has announced the appointment of Bilfinger as Owner’s Engineer for the further development of its DeltaTorr and DeltaNor projects in Delfzijl, the Netherlands.

Oil markets remain under intense pressure as disruptions to crude and refined product supplies from the Strait of Hormuz crisis continue to ripple through global markets, the IEA has reported.

Following the licence agreement signed between S-Oil and Axens in late 2024 for Axens’ Liquid Phase Xylene Isomerization (LPI) technology, the project has now reached final investment decision.