(Oilandgaspress) A senior Iranian official reportedly told Reuters that transit through the strait of Hormuz will be through ‘designated safe lanes’ which Iran deems safe for maritime navigation.Stocks have opened higher in New York, with the Dow Jones industrial average jumping by 578 points, or...
(Oilandgaspress) United States announced tighter sanctions on Iran’s oil sector as tensions escalate over Tehran’s continued closure of the Strait of Hormuz. “Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) intensified pressure on Iran’s illicit oil transportation infrastructure by sanctioning more than...
(Oilandgaspress) -– The reductions have been realized through extensive energy efficiency and decarbonization upgrades on Trans Sol and Trans Hav, two large cargo vessels operated by Sea‑Cargo and used by Hydro to transport low‑carbon aluminium products from Norway to customers in Europe. The initiative contributes towards...
(Oilandgaspress) -– With the world premiere of the first all-new electric C‑Class on 20 April 2026, Mercedes-Benz is once again redefining the segment. Shaped by extensive customer feedback, it is the best and sportiest C-Class ever. Uncompromisingly engineered around the driver, it raises performance and...
(Oilandgaspress) -– Stellantis and Microsoft announced a five‑year strategic collaboration aimed at accelerating Stellantis’ digital transformation through the co‑development of advanced AI, cybersecurity and engineering capabilities. Building on a longstanding alliance, this collaboration will bring together Stellantis’ automotive engineering expertise, multi-brand scale and global operations with...
(Oilandgaspress) -– Eni S.p.A. and CDP Equity S.p.A., in view of Saipem S.p.A. Shareholders’ Meeting convened for 12 May 2026, on single call, to resolve, inter alia, on the appointment of the Statutory Auditors, will present a joint slate, as required by the current Shareholders’...
(Oilandgaspress) -– Eni Ghana, together with its OCTP partners - Vitol Upstream Ghana Ltd (Vitol) and the Ghana National Petroleum Corporation (GNPC) – has launched today a livelihood enhancement program to strengthen artisanal canoe fishing, targeting over 1,000 verified canoe owners across 14 coastal districts...
(Oilandgaspress) -– Rimac Automobili has today released an extended film documenting the preparation and technical engineering behind Red Bull athlete Dario Costa's world-first plane landing on a moving cargo train. It was a project that required months of collaboration between Costa, the Rimac engineering team,...
(Oilandgaspress) -– Hyundai Motor Group today announced a long-term partnership with the Exploratorium, San Francisco’s world-renowned museum of science, art and human perception. The collaboration officially launches a plan to build a new, experiential science museum in Seoul.Aligned in their belief that personal curiosity fosters...
(Oilandgaspress) -– They are preparing the market launch of a fully integrated Vehicle-to-Grid (V2G) offer for private customers in Germany. From the fourth quarter of 2026, Volkswagen customers can not only just charge their electric vehicles, but also actively integrate them into the energy system...
(Oilandgaspress) Oil prices held steady as US inventory draws offset ongoing geopolitical uncertainty in the Middle East. US crude oil inventories for the week ended Apr. 10, excluding the Strategic Petroleum Reserve, decreased by 900,000 bbl from the previous week, according to data from the...
(Oilandgaspress) -– Bentley Motors has introduced new ‘Dream Factory’ workwear. Designed for use within electrostatic protected areas, the new workwear prevents the build-up of static electricity that could impact sensitive electronic and battery components, ensuring precision and quality across electric vehicle production. The launch of electrostatic...