(Oilandgaspress) -– Scania sold 6% fewer vehicles in the first quarter of 2026 than in the prior-year quarter, weighed down by a sharp decline in unit sales in South America, particularly in Brazil. MAN Truck & Bus grew unit sales by 14% on the back of...
(Oilandgaspress) -–TotalEnergies and Türkiye Petrolleri Anonim Ortaklığı (TPAO) signed today a Memorandum of Understanding (MoU) on exploration opportunities. The MoU provides a framework for technical collaboration, including a joint assessment of exploration opportunities in the Black Sea region of Türkiye as well as internationally. We are pleased...
(Oilandgaspress) -– Baker Hughes has entered into an agreement to sell its Waygate Technologies business to Hexagon, a global leader in measurement technologies. The all-cash transaction is valued at approximately $1.45 billion, before customary closing adjustments. Waygate Technologies, part of Baker Hughes’ Industrial & Energy Technology...
(Oilandgaspress) -– bp has agreed to acquire a 60% interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas as part of bp’s strategy to grow its upstream portfolio. Subject to Namibian government approvals, bp will be the operator of three blocks...
(Oilandgaspress) -– TotalEnergies EP Congo (63.5%, operator) announces a hydrocarbon discovery on the Moho license, offshore the Republic of Congo, following the drilling of the MHNM-6 NFW exploration well targeting the Moho G structure. The well encountered a hydrocarbon column of approximately 160 meters in good-quality...
(Oilandgaspress) How have we come so perilously close to climate catastrophe, with spring temperatures in the Western United States already shattering records — and yet governments are spending over a trillion dollars a year subsidizing the fossil fuel industry and banks have channeled over $3...
(Oilandgaspress) QatarEnergy is moving to restore liquefied natural gas (LNG) output following a production halt in March 2026 triggered by military attacks on its facilities. According to a Reuters report on April 8, 2026, the state-owned energy giant has already restarted operations on two of...
U.S. Rig Count is down 3 from last week to 545 with oil rigs unchanged at 411, gas rigs down 3 to 127 and miscellaneous rigs unchanged at 7Canada Rig Count is down 7 from last week to 135 with oil rigs down 5 to...
(Oilandgaspress) -– Iberdrola is launching a new edition of the Shareholders´ Day with a series of live events to be held in various cities across Spain before the Annual General Meeting scheduled for 29 May. Following the success of recent years, the Group has tripled the...
(Oilandgaspress) -– Following the auction relating to the takeover bid launched on 24 November – a standard procedure for this type of transaction in Brazil – Iberdrola will acquire an additional 14,2 % stake in its subsidiary Neoenergia, bringing its total stake to 98 %. The...
(Oilandgaspress) -– ScottishPower Renewables, part of the subsidiary of the Iberdrola Group in the UK, has unveiled the initial design for a new operations and maintenance (O&M) base for the East Anglia THREE offshore wind farm, a key strategic project in the UK’s offshore wind...
(Oilandgaspress) -– Plenitude and ACEA announce the completion of Plenitude’s acquisition of 100% of the share capital of Acea Energia S.p.A. and 50% of the share capital of Umbria Energy S.p.A. Plenitude will gain approximately 1.2 million customers as part of the deal, which was approved...