(Oilandgaspress) - KBR announced it has been awarded a contract by Zallaf Exploration, Production and Refining of Oil and Gas Company to provide project management and technical services for the South Refinery Project in Ubari, Southwest Libya. Under the terms of the contract, KBR will provide...
(Oilandgaspress) - Equinor delivered adjusted operating income* of USD 27.6 billion, and adjusted net income* of USD 6.43 billion in 2025. Net operating income was reported at USD 25.4 billion and net income at USD 5.06 billion. Strong operational performance across the portfolio led to equity...
(Oilandgaspress) - bp today reached an agreement to sell its Gelsenkirchen refinery and related businesses to Klesch Group, an independent European refiner. The transaction represents another significant milestone in bp’s acceleration of its strategy, including simplifying the portfolio, strengthening the balance sheet and focusing the...
(Oilandgaspress) Oil prices rose above $110 (£82.78) a barrel after Iranian media reported an airstrike hitting a facility on the world's largest natural gas field. Iran's oil ministry said a fire at the petrochemical complex was under control, according to Tasnim, a news agency affiliated...
(Oilandgaspress) - Bentley Motors reported a seventh consecutive year of profitability, demonstrating resilient underlying performance amid a challenging global market environment, while continuing to self-fund significant capital investment at its historic Pyms Lane site in preparation for electrification. While headline financial results were impacted by a...
(Oilandgaspress) - Bentley today introduces its pinnacle in-car audio system – Naim for Mulliner – across a dedicated series of cars built around it. The Virtuoso Collection is an exclusive series of cars featuring the Naim for Mulliner system combined with refined materials, unique embroidery,...
(Oilandgaspress) - Bako Motors is a Tunisia based manufacturer of solar electric vehicles suited to micro-mobility and last-mile delivery across Africa. As pioneers in this field, they state they are committed to democratizing sustainable transportation, making eco-friendly mobility accessible to all. Bako's main objective is to...
(Oilandgaspress) - Equinor has awarded Bristow Norway AS a contract for helicopter services in Bergen, Norway. The agreement covers two S‑92 helicopters that will provide offshore transport services from Flesland Airport. The contract will commence on 1 May, with a duration of one year and options...
(Oilandgaspress) - Baker Hughes announced Wednesday a substantial 60-month service award from Petrobras to support critical turbomachinery equipment for Brazil’s offshore operations as well as a major refinery. The agreement was signed in February in Rio de Janeiro, following an open tender process, and covers...
(Oilandgaspress) - Eni has taken the Final Investment Decisions (FIDs) for the Gendalo and Gandang gas project (South Hub) and for the Geng North and Gehem fields (North Hub), only 18 months after the approval of the Projects of Development (PODs) in 2024. The milestone...
(Oilandgaspress) - Wintermar’s Operating Profit for FY2025 jumped by 31% YOY to US$23.3 million, reflecting margin expansion through a better fleet mix. Core Profit increased by 19.2% YOY to US$18. Owned Vessel DivisionOwned vessel revenue rose by 13.8% YOY to US$70.7 million as gross margins for...
(Oilandgaspress) - Eni has signed a new 5-year revolving credit facility of €9 billion, with an option to extend for another 2 years, refinancing the previous credit facilities of €6 billion and €3 billion signed in 2022 and 2023, respectively. The new facility will maintain...