Energy, Oil & Gas

Fertiglobe, Covestro, Ta’ziz ink MoU for ammonia collaboration

Covestro, Fertiglobe, and Ta’ziz signed an MoU to explore collaboration across ammonia and nitric acid value chains. They will assess short-term ammonia supply to Covestro’s China and US sites and longer-term low-carbon and green ammonia options for Europe, China, and the US, leveraging carbon capture and renewable technologies. ...

Energy, Oil & Gas

Acwa signs green ammonia corridor MoU with German counterparts

Acwa, a leader in energy transition, has signed a Memorandum of understanding (MoU) with EnBW Energie Baden-Württemberg, Rostock Port, and VNG, to create a green ammonia corridor from Acwa’s Yanbu project to the Port of Rostock where VNG plans to convert ammonia to green hydrogen for injection into the national core network....

Energy, Oil & Gas

OQ Group signs $598m deals to develop Oman downstream industries

Oman’s OQ Group has signed strategic agreements worth over RO230 million ($598 million) with two global companies - Germany-based MAK and Indian group Deepak - for the development of advanced downstream manufacturing projects in the cities of Sohar and Salalah in the sultanate. ...

Energy, Oil & Gas

Fertiglobe reports revenues of $758m in Q3 2025

Fertiglobe, a seaborne urea and ammonia exporter under Adnoc, announced strong Q3 2025 revenues of $758 million, up 53 per cent year-over-year. Adjusted EBITDA rose 69 per cent to $286 million, and adjusted net profit surged to $134 million from $28 million last year....