(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...
(Oilandgaspress) -Baker Hughes and ST LNG, LLC announced Monday an agreement under which Baker Hughes will supply critical gas compression, power generation equipment, and project development support for ST LNG’s proposed 8.4 million tonnes per annum (MTPA) liquefied natural gas (LNG) export terminal offshore of...
(Oilandgaspress) -Equinor, through its subsidiary Rio Energy, acquires the 230 MW Esquina do Vento wind project from Vestas and signs a turbine supply agreement with Vestas for the project, which is located in the state of Rio Grande do Norte, northeast of Brazil. Vestas will supply...
(Oilandgaspress) -The ongoing conflict in the Middle East has placed European energy systems under significant strain as gas prices surge to a 13‑month high, intensifying concerns around market volatility, grid adequacy and geopolitical risk. As governments across the EU and in the UK grapple with...
(Oilandgaspress) The International Energy Agency today set out a range of demand-side actions that governments, businesses and households can take to alleviate the economic impacts on consumers of the disruptions to oil markets stemming from the war in the Middle East. A new IEA report...
(Oilandgaspress) -Toyota Motor Corporation (Toyota) will exhibit at the Automobile Council 2026 classic car enthusiast event, to be held at Makuhari Messe in Chiba from April 10 through April 12. The Toyota exhibit will include three classic sports cars displayed at the Toyota booth and...
(Oilandgaspress) -KBR announced a strategic investment in UK-based Applied Computing, marking a significant step forward in KBR’s AI driven growth strategy. As part of the investment, KBR has also secured a board position in the company. The investment strengthens KBR’s commitment to delivering advanced, explainable artificial...
(Oilandgaspress) -On February 18, the Japan Automobile Manufacturers Association (JAMA) held a special board meeting, followed by a briefing for the press. With Toyota’s Koji Sato taking over as chairman in 2026, the new leadership team had convened its first meeting and briefing on January 23....