Shell to convert German refinery into lubricant feedstock facility by 2025
Shell has announced plans to shut down its oil refinery in Wesseling, Germany, by 2025 and repurpose the site for the production of lubricant feedstock, [more…]
Category: Business
Mexico and Venezuela strengthen hydrocarbons collaboration with memorandum signing
Mexico’s state-owned oil company, PEMEX, and Venezuela’s oil authorities have recently signed a significant memorandum of understanding (MoU) aimed at enhancing their cooperation in the [more…]
Pemex debt recovery, SLB gets back $560 million of more than $1 billion owed
In a recent development, Schlumberger (SLB), the world’s largest oil services company, announced that it has successfully recovered $560 million of the $1.015 billion owed [more…]
Pokemon company launches investigation into ‘Palworld’ game controversy
In a clash that pits pocket monsters against pistols, The Pokemon Company has vowed to investigate and tackle any encroachment on its intellectual property, following [more…]
Spotify to offer audiobooks and subscriptions in Europe, bypassing Apple’s fees
Spotify announced on Wednesday that starting in March, its European users will be able to purchase audiobooks and subscription plans directly within the music-streaming app. [more…]
Homeplus prepares for Lunar New Year gift sales amidst rising inflation
As South Korea gears up to celebrate the Lunar New Year, Homeplus, a leading discount store chain, has announced its plans to offer a wide [more…]
Amazon fined for intrusive worker monitoring in France
France’s privacy watchdog, CNIL, has wielded its authority, slapping Amazon’s French warehouse business with a hefty 32 million euro fine ($35 million) for what it [more…]
Netflix surges as subscriber numbers soar and WWE deal announced
Shares of Netflix soared by 7% after the closing bell on Tuesday following the company’s announcement of a substantial increase in subscribers during the fourth [more…]
Procter & Gamble’s SK-II brand hit by anti-Japanese sentiment in China
Procter & Gamble (P&G) faced a significant setback as its high-end SK-II skin-care brand experienced a sharp 34% decline in sales within the greater China [more…]
Aramco awards $3.3 billion gas contract in Saudi Arabia to China and Spain
Saudi Aramco, the world’s largest oil exporter, has recently awarded contracts worth over $3.3 billion to Chinese company Sinopec and Spain’s Tecnicas Reunidas. The contracts [more…]