(Oilandgaspress) Oil prices fell after President Donald Trump said discussions to end the Iran conflict were underway, though Tehran denied any talks. Tanker traffic through Hormuz is still severely constrained, with shipowners reluctant to resume transit amid ongoing security concerns. European natural gas prices also...
(Oilandgaspress) Vestas is proud to announce the following orders as part of our Q1 order intake: CountryRegionCustomerProject nameMWTurbine variantService agreementDelivery & commissioningFranceMEDUndisclosedUndisclosed453 x V136-4.5 MW7 x V150-4.5 MWAOM 5000 20 yearsDelivery and Commissioning Q2 2027FranceMEDUndisclosedUndisclosed143 x V150-4.5 MWAOM 5000 20 yearsDelivery and Commissioning Q2 2027 Information Source:...
(Oilandgaspress) -Orbital Marine Power (Orbital) and Eauclaire Tidal invite interested parties to attend a supply chain engagement event introducing the Orbital technology and Eauclaire Tidal project. The six-turbine tidal energy array, planned for deployment at the Fundy Ocean Research Centre for Energy (FORCE) in Nova...
(Oilandgaspress) -Octopus Energy unveiled a revolutionary new tool proving that heat pumps aren’t just the future – they’re cheaper right now. The Cosy Heat Pump Fleet Performance Dashboard* streams up-to-date efficiency and cost data from all Cosy heat pumps in thousands of real British homes, providing...
(Oilandgaspress) -Following successful pilot projects and the first full-scale installation on a seagoing vessel, the Vertom Tula, Wattlab is now taking the next step: scaling its Solar Flatrack solution towards the international bulk shipping market. Currently, Solar Flatracks can be deployed on vessels up to...
(Oilandgaspress) -Saab today announced the signing of a Memorandum of Understanding (MOU) with Canadian AI company, Cohere on advanced AI collaboration. The MOU establishes a framework for collaboration on artificial intelligence technologies in support of GlobalEye. The agreement is directly connected to the GlobalEye opportunity in...
(Oilandgaspress) -Toyota Motor North America, Inc., Toyota's North American headquarters, today announced a 1 billion USD investment in its Kentucky and Indiana plants to better meet diverse customer needs in the United States. The investment is part of the up to 10 billion USD additional investment...
(Oilandgaspress) -His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, Chairman of Masdar and Executive Chairman of XRG, said today weaponizing the Strait of Hormuz is an act of economic terrorism with global impact...
(Oilandgaspress) -TotalEnergies has signed settlement agreements with the United States Department of the Interior (DOI) to relinquish its Carolina Long Bay lease (Lease OCS-A 0545) and its New York Bight lease (Lease OCS-A 0538), both awarded in 2022, along with its partners. As a result,...
(Oilandgaspress) Oil prices plunged and the FTSE 100 is up after Donald Trump suggested the US and Iran were close to ending the war in the Middle East. .Trump had issued a 48-hour ultimatum to the Iranian regime on Saturday night, where he called for...
(Oilandgaspress) - In the fourth quarter of 2025, XPeng Motors delivered a total of 116,249 vehicles, a 27.0% increase compared to 91,507 vehicles in the same period of 2024, setting a new record for quarterly deliveries. Total revenue for the fourth quarter of 2025 was RMB 22.25 billion,...
(Oilandgaspress) -Equinor has acquired the ready to build 230 MW Esquina do Vento onshore wind complex from Vestas. With this investment Equinor expands its broad energy offering in Brazil, further strengthening its integrated power portfolio for long-term growth in one of the company’s core markets. The...