Strong financial performance in volatile markets – focus on operational reliability continues First quarter in brief: Comparable EBITDA totaled EUR 861 (210) million EBITDA totaled EUR 903 (200) million Renewable Products' comparable sales margin was USD 856 (310)/ton Oil Products' total refining margin was USD 23.0 (9.9)/bbl Cash flow before financing...
Vestas is proud to announce the following orders as part of our Q2 order intake: CountryRegionCustomerProject nameMWTurbine variantService agreementDelivery & commissioningGermanyEMEAUndisclosedUndisclosed50 MW7 x V172-7.2 MW20-year AOM 4000 Service AgreementDelivery planned to begin in Q2 2027; commissioning scheduled to begin in Q4 2027 ...
(Oilandgaspress) -–Delcy Rodriguez, Acting President of Bolivarian Republic of Venezuela, in the presence of the Venezuelan Minister of Hydrocarbons, Paula Henao, and the CEO of the state-owned company PDVSA, Héctor Obregón, met with Eni CEO, Claudio Descalzi, today in Caracas. Eni CEO updated the Acting...
(Oilandgaspress) -– Hydro is supplying low-carbon, recycled aluminium made from Hydro CIRCAL to the reECONIC Mercedes-Benz Trucks project, demonstrating how circular aluminium solutions can reduce emissions while keeping critical materials in continuous use in commercial vehicle manufacturing. The vehicle, based on the eEconic battery electric waste...
(Oilandgaspress) -– – POWWR, a respected energy software provider, today released its tenth Quarterly Energy Barometer Report, revealing that UK businesses are paying 9.3% more for their electricity than last quarter. The average bill of £5192 per annum is 6.3% more than this time last...
(Oilandgaspress) -– Bluepoint Wind, a 2.4GW project on the east coast from developers Ocean Winds and Global Infrastructure Partners, and Golden State Wind, a 2GW California floating wind farm also from Ocean Winds in partnership with Reventus, will get a refund on money they spent...
(Oilandgaspress) -– Reports Strong financial performance: 1Q 2026 underlying RC profit $3.2 billion; operating cash flow $2.9 billion after taking into account a $6.0 billion adjusted working capital* build(c) largely driven by the rising price environment in addition to the seasonal inventory builds. Strong upstream operations:...
(Oilandgaspress) -–Vestas has received a 186 MW order from EDF power solutions North America to supply 28 EnVentus V162-6.2 MW wind turbines and two EnVentus V162-6.0 MW wind turbines for the Forêt Domaniale wind project in Québec, Canada. The order includes a 10-year Active Output...
Hyundai topped the U.S. News and World Report 2026 Best Hybrid and Electric Cars List, with three models recognized. The Tucson Hybrid (Best Compact Hybrid SUV) and IONIQ 5 (Best Compact Electric SUV) each earned their third consecutive titles, while the IONIQ 9 secured top...
Volvo Trucks continues to excel in Euro NCAP’s safety ratings with yet another test awarding Volvo FM with the maximum result of five stars. Seven Volvo truck models have now received a five-star rating from Euro NCAP, emphasizing Volvo’s no-compromise focus on safety. The latest...
Odfjell announces that it has signed agreements to purchase four 40,000 dwt fully stainless-steel vessels to be built at Kitanihon Shipbuilding in Japan. The vessels will be purchased from a Japanese shipowner upon completion and are scheduled for delivery from 1Q 2027 until 2Q 2029....
(Oilandgaspress) US President Donald Trump has invoked the Defense Production Act (DPA) to accelerate domestic oil and gas development, directing federal support toward upstream production, refining and critical energy infrastructure. In two presidential determinations issued April 20, the administration said expanded U.S. energy capacity is essential...