BG has made an oil discovery in the North Sea, the Norwegian Petroleum Directorate (NPD) said on Thursday. The find was located some 25 km northeast of the Snorre field, said the NPD. It did not give the prospective size of the discovery. The license for the well is shared between operator BG, with a 45% share, BASF unit Wintershall and Petoro, which have 20% respectively, and Premier Oil, which has 15%.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
BASF sells a majority stake in its coatings business to the investor Carlyle.
