Phillips 66 Limited has completed the acquisition of the assets and associated infrastructure of Prax Lindsey Oil Refinery Limited (in Liquidation). The transaction followed the company’s agreement to the deal in January, when it stated its intention to integrate key assets into its Humber Refinery operations. Paul Fursey, Phillips 66 Limited UK lead executive, said that completing the transaction would allow Phillips 66 to play a stronger role in supporting the UK’s fuel supply and the resilience of critical energy infrastructure. He described the move as strategic, noting it would unlock new growth opportunities for traditional and renewable fuels while helping to protect UK energy security at a time when domestic production is under pres…

Shell plc has signed a $22-billion deal to acquire ARC Resources Ltd., bringing together the lead partner in Canada’s first operating liquefied natural gas project with a major producer in one of the continent’s most profitable shale regions. The purchase price of $32.80 per share, payable 75 per cent in ordinary Shell shares and 25 per cent in cash, represents a 27 per cent premium to ARC’s closing price on the Toronto Stock Exchange on April 24, 2026. Under the terms of the deal, ARC shareholders will receive 0.40247 of a Shell share and CAD $8.20 in cash for each ARC share held. Why Shell Is Buying ARC The acquisition is a strategic move by Shell to deepen its presence in Canada’s Montney shale basin, one of North America’s largest and …

Italian robotics company Gerotto is set to accelerate its push into AI-driven innovation at IFAT 2026, the international environmental technologies trade fair taking place in Munich from 4 to 7 May. The event draws more than 3,200 exhibitors from over 60 countries and serves as a global benchmark for cutting-edge solutions in water management, waste recycling, and the circular economy. Gerotto will occupy two booths at the fair, indoor stand C4.321 and outdoor area C34.25, presenting its full range of robotic solutions for tank cleaning, industrial cleaning, and environmental remediation. Introducing the Gerotto AI-Ecosystem The centrepiece of Gerotto’s presence at IFAT 2026 will be the debut of the first phase of its AI-Ecosystem, on disp…

Transnet SOC Ltd has named Mohammed Abdool as the new chief executive of Transnet National Ports Authority (TNPA), effective 1 May 2025, bringing nearly three decades of financial and strategic leadership experience to the role. Abdool steps into the position, having served as acting chief executive of TNPA and, before that, as the authority’s chief financial officer for more than 16 years, making him one of the most seasoned figures in South Africa’s ports sector. A Career Built Inside the System His appointment is notable for its continuity. Rather than an outside hire, Transnet has elevated an insider with deep institutional knowledge of the authority he now leads. Over the course of his career, Abdool has overseen some of the most comp…

International energy consultancy Penspen has been awarded a critical research project designed to look into how hydrogen can support the transition of the UK’s industrial clusters. Hydrogen Transition Pathways for Industrial Clusters is a research and decision-support project for the Future Energy Networks (FEN), Energy Innovation Centre, Northern Gas Networks (NGN), and Xoserve. FEN’s current members include National Gas and the four Gas Distribution Networks: Cadent, NGN, SGN and WWU. Experts from Penspen’s asset integrity and engineering teams in the UK will carry out a comprehensive study to help determine where, how and under what conditions hydrogen should support the transition of industrial clusters and surrounding communities, alo…