(Oilandgaspress) - Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI), the Honda motorcycle production and sales subsidiary in India, will add a third production line to its second plant (Tapukara, Alwar district, Rajasthan) in India. The new line is scheduled to become operational in 2028,...
(Oilandgaspress) The Strait of Hormuz, a critical global shipping route that remains largely closed, disrupting the flow of oil and gas supplies worldwide. Iran has reportedly attacked an American F-35 fighter jet and Bazan oil refinery in the Israeli port city of Haifa as Tehran...
(Oilandgaspress) -SLB announced that its OneSubsea™ joint venture has been awarded a multi-well, integrated engineering, production, and construction (EPC) contract by China National Offshore Oil Corporation (CNOOC). The contract encompasses 20 wells and covers the delivery of integrated subsea production systems for the deepwater Kaiping...
(Oilandgaspress) -Thor offshore wind farm off Denmark’s west coast near Jutland delivered electricity into the Danish grid for the first time. The grid is operated by Energinet. Danske Commodities A/S delivers route-to-market services for Thor’s electricity on behalf of RWE. Sven Utermöhlen, Chief Executive Officer RWE...
(Oilandgaspress) -Eni has initiated a reorganization of Plenitude's shareholding structure, together with the existing shareholders Ares Management Alternative Credit funds (“Ares”) and Energy Infrastructure Partners. The aim is to establish a new governance framework based on joint control between Eni and Ares, resulting in the...
(Oilandgaspress) - Eni's Board of Directors held on March 18, 2026, chaired by Giuseppe Zafarana, has resolved to submit a proposal to the Shareholders' Meeting of 6 May 2026, called in ordinary session, to authorize the purchase of treasury shares (the "new buyback Program") for...
(Oilandgaspress) - Ithaca Energy Reported Adjusted EBITDAX of $2.0bn (2024: $1.4bn), net cash flow from operations of $1.7bn (2024: $0.9bn) and free cash flow of $683.3 million (2024: 260.8 million)Highlights:Profit before tax of $840.3 million (2024: $334.3 million). A one-off, non-cash deferred tax charge of $327.6...
(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) - Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, has expanded its lineup in the "Hydrolution EZY" series of air-to-water (ATW) heat pumps for the European market that utilize R290 natural refrigerant. New models with...
(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...