London, October 28, 2024, (Oilandgaspress) ––– Daimler Truck and Volvo Group intend to create a joint venture to develop a common software-defined vehicle platform and dedicated truck operating system, providing the basis for future software-defined commercial vehicles. The two leading companies in the commercial vehicle...
London, October 28, 2024, (Oilandgaspress) ––– Italian Prime Minister Giorgia Meloni plans to cut by some 4.6 billion euros ($5 billion) the funds set aside to support Italy's automotive industry between 2025 and 2030, the text of next year's budget showed, triggering widespread criticism. The move...
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.13 per share of Class A common stock, and a cash distribution of $0.13 per Class B unit, p...
London, October 28, 2024, (Oilandgaspress) ––– LG Energy Solution announced it signed supply agreements with Ford Motor Company (“Ford”) to power the electrified models of Ford commercial vans in Europe. Under the contracts, LG Energy Solution is forecasted to supply a total of 109 GWh of...
The company to effectively address EV/ESS market needs...
London, October 28, 2024, (Oilandgaspress) ––– Toyota and Hyundai jointly hosted the "Hyundai N x TOYOTA GAZOO Racing FESTIVAL" at the Everland Speedway in Yongin, Gyeonggi Province, Korea on October 27. The event attracted around 2,800 motorsport enthusiasts and featured thrilling driving demonstrations by both...
London, October 28, 2024, (Oilandgaspress) ––– Neste has appointed a new Leadership Team as of today. The members of the Leadership Team are: Heikki Malinen, who in addition to his President and CEO role, takes the lead of Neste’s Renewable Products business area, which will play...
London, October 28, 2024, (Oilandgaspress) –––Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday significant contracts with Petrobras to provide 77 km of flexible pipe systems to be deployed in Brazil’s pre-salt fields. The agreement was signed Oct. 15, 2024, following an open tender. The...
Selling of crude oil, led by WTI, while the distillate (diesel) short in London and New York both rose. A week of heavy natural gas selling saw the net flip back to a short....
London, October 28, 2024, (Oilandgaspress) –––The President of the Arab Republic of Egypt, Abdel Fattah el-Sisi met today with Eni Chief Executive Officer Claudio Descalzi to follow up on Eni's ongoing activities in the country and discuss areas of common interest and collaboration. Also in...
CINCINNATI--(BUSINESS WIRE)--Synthica Energy, a leading developer of anaerobic digestion facilities that convert organic waste into renewable natural gas (RNG), has selected Archer Western Construction as its partner for development of Synthica’s new f...
HOUSTON--(BUSINESS WIRE)--1PointFive, a carbon capture, utilization, and sequestration (CCUS) company, and Enterprise Products Partners L.P. (NYSE: EPD) today announced an agreement for the development of a carbon dioxide (CO2) transportation network t...