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Friday, October 23, 2026
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Ofgem approves deal to maintain UK gas import capacityUK energy regulator Ofgem approved an agreement between Interconnector Limited and National Gas to maintain gas import capacity via the Belgium-Britain pipeline, addressing rising costs and ensuring supply flexibility.
Indonesia's financial regulator OJK imposed record fines totaling $116.67 million on three listed companies for stock market violations. The penalties target firms in mining and energy sectors, including Barito Renewables and Petrindo, following warnings from MSCI regarding market integrity.
Hexcel reported an 87.4% surge in Q3 net income to $38.6 million, driven by an 8.8% sales increase fueled by strong commercial aerospace orders from Boeing and Airbus. Full-year guidance remains unchanged.
The US Office of Foreign Assets Control has extended the deadline for purchasing Lukoil's foreign assets to November 21 following Carlyle Group's withdrawal. Washington imposed sanctions on the Russian oil major last October to limit funding for its military campaign in Ukraine.
Saudi Aramco CEO Amin Nasser announced plans to partner with nations to expand strategic oil stockpiles amid rising demand linked to the Iran conflict. The company also highlighted improved incident response capabilities and alternative export route studies.
JSW Paints plans to raise approximately 30 billion rupees through 4-5 year bonds to refinance its previous acquisition of Akzo Nobel India. Merchant bankers indicate the sale could occur within weeks amidst strong investor demand for corporate debt.
Pirelli and Balkrishna Industries agreed to produce up to 800,000 Pirelli-branded tyres in India by 2030 via a joint venture for high-value car tyres.
Aliko Dangote promotes his three daughters to senior leadership roles within his conglomerate, planning major IPOs for its refinery, cement, and fertilizer units that could boost his fortune to $58 billion.
Malta-based trader Alkagesta acquired Turkish firm Energy Petrol, securing its first eight bunker vessels to expand distribution in the Mediterranean. The deal increases storage capacity and market share amidst volatile global energy conditions.
Ampol and Viva Energy reported significant profit surges driven by increased refining margins, while Inpex forecasts record LNG earnings. These gains occur amidst a cost-of-living crisis, raising questions on corporate pricing and social responsibility.
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