(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...
(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...