(Oilandgaspress) -– Porsche has agreed to sell its equity stakes in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, a New York-based investment firm. The relevant transaction agreements were signed on April 24th. Completion of the transaction remains subject to customary...
(Oilandgaspress) -– Eni, in collaboration with Doctors with Africa CUAMM, today announces the results of the “Projet Santé pour Tous”, a three-year initiative launched in 2023 to strengthen Côte d’Ivoire’s healthcare system, with a particular focus on maternal and child health and nutrition. The project has...
(Oilandgaspress) -– Air|Water 2026 brings together Porsche’s past, present and future. More than 9,500 people from around the world travelled to Costa Mesa, California, at the weekend, confirming Air|Water 2026 as a permanent fixture on the area’s vibrant automotive calendar. Returning to the OC Fair...
(Oilandgaspress) -– United Arab Emirates (UAE) has announced its decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+ alliance after more than five decades of membership. The decision will take effect on May 1. The UAE's departure represents a milestone for...
(Oilandgaspress) -– KBR announced today its Mission Technology Solutions business has been awarded a new Indefinite Delivery/Indefinite Quantity (IDIQ) multi-award contract with a ceiling value of $510 million to provide high-impact joint data and analytic support services to the Office of the Secretary of...
(Oilandgaspress) -–TRATON GROUP got off to a slow start to 2026, yet anticipates improved business performance in the coming quarters due to an increase in incoming orders and confirms its full-year forecast. While unit sales dropped by 6% to 68,600 vehicles (3M 2025: 73,000 vehicles)...
(Oilandgaspress) Oil prices were up on Wednesday with Brent rising to over $114 and WTI exceeding $100 per barrel, due to the stalled U.S.-Iran negotiations and the possibility of an extended U.S. blockade outside the Strait of Hormuz. U.S. President Donald Trump has reportedly instructed...
(Oilandgaspress) -–The United Arab Emirates will leave OPEC and OPEC+ - the world's largest oil-producing blocs, which control roughly 40-50 per cent of global output and influence prices through production quotas - from May 1, the country's state-run WAM news agency reported on Tuesday. This signals...
TechnipFMC plc (NYSE: FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on June 3, 2026 to shareholders of record as of the close of business on the New York Stock Exchange on...
(Oilandgaspress) -–Hydro’s adjusted EBITDA for the first quarter of 2026 was NOK 8,668 million, down from NOK 9,516 million in the same quarter last year. Lower raw material costs, higher all in metal prices, and increased alumina and metal sales volumes, were partly offset by...
(Oilandgaspress) -–Hydro Energi AS and Statkraft have signed two long-term power purchase agreements (PPA) for the total delivery of 0.9 TWh per year in 2029 and 2030, and 1.3 TWh per year in the period from 2031 to 2038. The PPAs secure a total supply of...
(Oilandgaspress) -–Aker Solutions AS has signed a Memorandum of Understanding (MoU) with Rolls-Royce SMR Ltd within the small modular reactor (SMR) market. The MoU establishes a partnership to develop Aker Solutions’ offering of non-nuclear parts of framed modules for Rolls-Royce SMR’s portfolio, leveraging Aker Solutions’...