(Oilandgaspress) - Hitachi, Ltd. announced today that it has received an order from Chubu Electric Power Grid for Hitachi Energy’s EconiQⓇ 550 kilovolt (kV) sulfur hexafluoride (SF6)-free gas-insulated switchgear (GIS). This is set to be the world’s first project with 550 kV GIS*1 in which...
(Oilandgaspress) Iranian explosive-laden boats appear to have attacked two fuel tankers in Iraqi waters setting them ablaze and killing one crew member on Wednesday, after projectiles struck three vessels in Gulf waters, said port, maritime security and risk firms. The ships targeted in late-night armed...
(Oilandgaspress) - The T-4 Capacity Market auction has concluded, for delivery in 2029/30. The EMR Delivery Body (NESO) has announced that the capacity auction has cleared at £27.10/kW/year, and 40,108.608 MW of capacity has been secured for Great Britain. A provisional list of the GB assets...
(Oilandgaspress) - KBR announced it has been awarded a landmark seven-year General Maintenance Services (GMS) contract, with an optional three-year extension, from Saudi Aramco Total Refining and Petrochemical Company (SATORP) for its strategic petrochemical expansion complex in Jubail, Kingdom of Saudi Arabia. Under the agreement, KBR...
(Oilandgaspress) - Wayve, Uber and Nissan today announced the signing of a memorandum of understanding to collaborate on the development of robotaxis and commence activities to realize the deployment of robotaxi services. The parties will begin preparations for a pilot deployment in Tokyo by late...
(Oilandgaspress) - Baker Hughes Company successfully issued $6.5 billion in debt consisting of five tranches of senior unsecured notes and €3 billion in debt consisting of four tranches of senior unsecured notes (collectively, the “notes”): $500 million 4.050% Senior Notes due 2029$1.25 billion 4.350% Senior Notes...
(Oilandgaspress) - Plenitude launches Goodnight Light, a new communication project designed to encourage energy saving by helping children overcome their fear of the dark. The initiative aligns with Plenitude’s mission as a Benefit Corporation, promoting a positive impact on people and the environment while engaging...
(Oilandgaspress) - TotalEnergies is closely monitoring the highly volatile oil markets since the start of the Gulf War. This has led to significant tensions in global diesel markets, a fuel that France imports extensively and whose supply depends on international prices. In this context, TotalEnergies...
(Oilandgaspress) - TotalEnergies announces the restart of production at the Mabruk oil field in Libya, in which the Company holds an interest of 37.5%. The Mabruk field is located onshore, in concession C17, around 130 km south of Sirte. Production from the field was stopped...
(Oilandgaspress) The International Energy Agency (IEA) announced member nations would release a total of 400 million barrels from their strategic reserves of oil, as the war in Iran continues to cause the worst disruption to energy markets in decades. The unanimous decision by the members...
(Oilandgaspress) - – SAFE S.p.A., confirms its commitment to supporting energy transition through technologies dedicated to biomethane and hydrogen. SAFE operates internationally with a portfolio of solutions covering the entire value chain: from production to compression, all the way to storage and distribution. In...
(Oilandgaspress) - Adjusted net income : $104.7 billion (FY 2025) / $25.1 billion (Q4)Cash flow from operating activities: $136.2 billion (FY 2025) / $40.8 billion (Q4)Free cash flow1: $85.4 billion (FY 2025) / $27.5 billion (Q4)Gearing ratio1: 3.8% as at December 31, 2025 (end of...