(Oilandgaspress) - Subsea 7 S.A. announced today results of Subsea7 Group (the Group, Subsea7) for the fourth quarter and full year which ended 31 December 2025. Unless otherwise stated the comparative period is the full year which ended 31 December 2024. Highlights Fourth quarter Adjusted EBITDA of...
(Oilandgaspress) - 4Q ‘25 Group proforma adjusted EBIT was €2.87 bln above 2024 despite a 15% decline in crude oil prices and a 9% appreciation in the EUR/USD rate, aided by volume growth and cost efficiencies. The Group reported an adjusted net profit of €1.2...
(Oilandgaspress) - Unibail-Rodamco-Westfield (URW) and Ingka Centres today announce the launch of the Sustainable Retail Index Association, an independent organization that will establish a recognized common standard for measuring and improving sustainability across retail real estate portfolios. The association will equip retail landlords with comprehensive...
(Oilandgaspress) - Hyundai Motor Group is continuing in its efforts to protect the public and firefighters through the donation of four Unmanned Firefighting Robots designed for high-risk environments to South Korea’s National Fire Agency. A donation ceremony for the remote fire suppression robots was held on...
(Oilandgaspress) - INEOS announced a €300 million investment supported by French government grants that will deliver the next phase of its Lavera regeneration plan and cut carbon dioxide emissions by 331,000 tonnes per annum, the equivalent of taking over 70,000 cars off the road each...
(Oilandgaspress) - Wayve, the leader in embodied AI for autonomous driving announced it has raised $1.2 billion in a Series D investment round, bringing its post-money valuation to $8.6 billion. The funding accelerates the company’s shift from AI research leadership to scaled commercial deployment...
(Oilandgaspress) Oil prices up as the threat of military conflict between the U.S. and Iran threatening to disrupt supply continues to worry investors even as talks between the parties are set for Thursday. Oil and Gas BlendsUnitsOil PriceChangeCrude Oil (WTI) OilpriceUSD/bbl$66.13UpCrude Oil (Brent)USD/bbl$71.35UpBonny Light 24/02/26 CBNUSD/bbl$73.35--DubaiUSD/bbl$68.23DownNatural...
(Oilandgaspress) - Eni announces a further important strategic investment in biorefining. In addition to the Priolo project, the final investment decision (FID) has also been approved for Eni's plan to convert certain units of the Sannazzaro de’ Burgondi refinery (Pavia, Lombardy) into a biorefinery. Both projects...
(Oilandgaspress) The daily rate for hiring a very large crude carrier (VLCC) capable of shipping 2 million barrels of crude jumped to as much as $170,000 on Tuesday, tripling since the beginning of 2026. Supertanker rates to ship crude on the key Middle East-to-China route...
(Oilandgaspress) - KBR announced a strategic initiative within its Mission Technology Solutions business to expand digital engineering capabilities for the U.S. military, rapidly modernizing processes and capabilities in response to emerging threats and technological advancements. KBR’s growth in its digital engineering capabilities includes investing in cutting-edge...
(Oilandgaspress) - Ampere, the EV and software pure player from Renault Group, has entered into a Joint Development Agreement with Basquevolt, to accelerate the development and validation of Lithium metal-based batteries for future electric vehicles. Basquevolt's lithium metal-based battery technology offers a transformative leap in energy density compared...
(Oilandgaspress) - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has shipped an ammonia fuel supply system (AFSS) and an ammonia gas abatement system (AGAS) for Japan Engine Corporation (J-ENG). Both systems are designed for the first ammonia-fueled marine engine model...