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Rankings: Research and Development

This category includes organisations that have demonstrated a commitment to the research and development of new products and processes

Shell plans to divest oil assets in UK North Sea

The assets planned to be put up for sale include stakes in two BP-operated oil fields and a stake in a discovery field.

Petrobras receives $1.9bn payment from CNOOC for stake in Brazilian field

CNOOC Petroleum Brasil’s stake in the Buzios field offshore Brazil will increase to 10%.

IOCL and seed equity partners to form JV to develop refinery in India

The Nagapattinam refinery in Tamil Nadu will have a capacity of nine million tonnes per annum.

Aramco’s base oil subsidiary gets regulatory approval for IPO

Luberef intends to offer 50.045 million of its shares to investors, equivalent to 29.66% of its share capital.