Air Products sees helium price pressure holding steady next year
Air Products has speculated that the worst of the helium downturn for producers may be nearing an end. It is forecasting what it sees as a manageable 4% earnings hit…
OSC appoints Vice-President of Sales and Marketing
Packaged gases and welding supply company Oxygen Service Company (OSC) has appointed Jim Klose as Vice-President of Sales and Marketing to strengthen vendor relations and enhance customer satisfaction. Klose has…
ADNOC Awards $15B Contracts to Emirati Suppliers
Abu Dhabi National Oil Co PJSC (ADNOC) said Wednesday it has awarded AED 54 billion ($14.7 billion) worth of contracts to suppliers operating in the United Arab Emirates in the…
Indian Refiner Reliance Offers Rare Sale of Middle East Crude
India’s Reliance Industries, the top private refiner in the country, is looking to sell some UAE and Iraqi crude in a rare spot market offer, trade sources told Bloomberg on…
Australia Hits Milestone as Renewables Overtake Fossil Fuels
Australia generated more electricity from sources including wind and solar than it did from coal and natural gas power plants last month, Ember has reported, as cited by Reuters. This…
Nigeria’s $300 Billion Oil Theft Scandal
Nigeria has lost $300 billion to oil theft, auditors appointed by the Nigerian parliament said this week. The oil was sold illegally both at home and abroad, the Senate committee…
Air Products reports $877m loss in full-year 2025 financials
Industrial gas major Air Products has reported an annual operating loss of $877m after it took a $3.7bn – $3bn after tax – hit early in the financial year in…
UK chemical firm delivers record MOF order for gas storage
UK-based chemical firm Promethean Particles recently shipped four tonnes of metal-organic frameworks – or MOFs – to a company developing an energy-efficient gas storage application in Europe. It is a…
Masdar buys stake in Austria’s largest green hydrogen project
UAE energy firm Masdar is raising its profile in Europe after buying a 49% stake in Austria’s largest green hydrogen project, according to agency reports. Austrian integrated energy and petrochemicals…
Energy Transfer Seeks LNG Project Partners Before FID
Energy Transfer will only make the final investment decision on the Lake Charles LNG project after it finds buyers for 80% of its equity, the company said in its third-quarter…
