Varo Energy, backed by private equity giant Carlyle Group and the world's biggest trading house Vitol, said it had agreed to buy Swedish refiner Preem, betting on growing demand for biofuels.

INEOS Enterprises has completed the sale of its composites business to KPS Capital Partners for approximately €1.7 B. The composites business is a global leader in producing resins and gelcoats that ...

Uganda signed an oil refinery agreement with UAE-based Alpha MBM Investments for a 60% stake in a crude oil refinery in Kabaale, Hoima District.

Johnson Matthey announced that Willis Sustainable Fuels (WSF) has selected JM and bp’s award-winning Fischer Tropsch CANS™ technology for WSF’s sustainable aviation fuel project in Teesside, Northeast ...