Industry News

Missile attacks on Qatar’s Ras Laffan Industrial City on 18 and 19 March 2026 have knocked out approximately 17% of Qatar’s liquefied natural gas (LNG) export capacity, with QatarEnergy estimating annual revenue losses of USD 20 billion and repair timelines

bp has reached an agreement to sell its Gelsenkirchen refinery and related businesses to Klesch Group, an independent European refiner, in a transaction the British energy major says accelerates its strategy to simplify its downstream portfolio and strengthen its balance

South Korean carmaker Kia Corporation has renewed its global cooperation agreement with TotalEnergies for a further five years, extending a partnership that has been in place for more than two decades and

The American Petroleum Institute (API) has formally approved its Proposed Category 12 (PC-12) heavy-duty engine oil specification, which it has incorporated into API 1509,

Specialty chemicals company LANXESS AG has announced a price increase of 50% or more for diphenylamine (DPA) and alkylated diphenylamine (ADPA) with immediate effect for all non-contractual volumes. The adjustment reflects significantly higher costs for energy, critical raw

A large number of trucks, buses, tractors, and construction vehicles are already approved for higher biodiesel blends, according to an updated approval list published by the Association Quality Management Biodiesel (AGQM), in

The Independent Lubricant Manufacturers Association (ILMA) has formally requested emergency relief from General Motors for lubricant manufacturers participating in the dexos engine oil licensing programme, as military conflict in the

Ultrapar is in advanced talks with Chevron Corp. to sell a 30% stake in Ipiranga, Brazil’s fuel distribution arm, according to two sources familiar with the matter cited by the Brazil Journal. Neither Ultrapar nor Chevron has issued an official

FatHopes Energy (FHE), in collaboration with Bin Zayed International (BZI) Group, has appointed Technip Energies — through its consulting arm Genesis — and Wison Engineering Ltd. to independently conduct a Technical Feasibility Study (TFS) for its proposed sustainable aviation fuel

Chevron Lummus Global (CLG) has expanded its technology licensing portfolio with the addition of Fischer-Tropsch (FT) liquid upgrading solutions, taking over direct licensing of technologies previously held by Chevron U.S.A. Inc. and positioning the company to serve growing demand for