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Shell to invest in Bonga North project in Nigeria

Shell Nigeria Exploration and Production Company has made a final investment decision on the Bonga North deep-water project off Nigeria’s coast.
The project will involve 16 wells, FPSO modifications, and subsea hardware installation.
With an estimated 300 million barrels of recoverable oil and peak production of 110,000 barrels per day, production is expected to begin by the decade’s end.Read More

18.12.2024Comments Off,
EnBW & Abu Dhabi National Oil Company sign long term LNG contract

EnBW has finalised a binding LNG supply contract with ADNOC to receive 0.8 bcm/a from the Ruwais project, set to begin in 2028.
The plant, powered by low-carbon energy and AI-driven efficiency, will produce lower-carbon LNG.
The partnership strengthens EnBW’s LNG portfolio and supports decarbonisation, highlighting ADNOC’s role in sustainable energy solutions.Read More

18.12.2024Comments Off,
Italy’s OVS SpA posts $436 mn Q3 2024 net sales, up 12.8% YoY

OVS SpA has reported net sales of €414.7 million (~$436.0 million) in Q3 of 2024, up 12.8 per cent YoY, with PBT at €24.1 million, up by 70.9 per cent YoY.
EBITDA rose to €46.2 million (+€11.1 million).
For 9M 2024, net sales hit €1,176.3 million (~$1,236.8 million), up 6.7 per cent YoY.
PBT in 9M period was €72.3 million up 20.4 per cent, and adjusted EBITDA reached €135.2 6million.Read More

18.12.2024Comments Off,
Mixed trend prevails in India’s man-made yarn, viscose up in Mumbai

India’s man-made yarn market saw mixed trends. Viscose yarn prices rose in Mumbai due to a weaker dollar but fell in Surat due to slow demand.
Polyester yarn dropped by ₹1/kg in Surat, while Ludhiana’s PC and polyester spun yarn remained stable.
Cotton prices in North India were steady, with spinning mills cautious on new buying amid expectations of year-round supply.Read More

18.12.2024Comments Off,
BASF’s Symbiocell gets approved for use in China’s cosmetic market

BASF’s personal care business has secured a new cosmetic ingredient notification in China for Symbiocell, an ingredient proven to soothe sensitive skin.
Clinically tested, it reduced skin reactivity and discomfort in 31 women, outperforming a benchmark anti-redness product.
Symbiocell addresses growing demand for sensitive skin solutions, particularly in Asia Pacific.Read More

18.12.2024Comments Off,