(Oilandgaspress) -The President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, and Eni Chief Executive Officer, Claudio Descalzi, met today in Abuja to discuss the company’s ongoing activities in the country and to outline new initiatives aimed at strengthening Nigeria’s deep offshore development. A central...
(Oilandgaspress) Oil and defence stocks up, while airlines and banks stocks down in trading leading to overall declines across markets. Gas prices have risen since the outbreak of the war in Ukraine and now after Qatar halted production of liquefied natural gas following attacks by...
(Oilandgaspress) -The Volkswagen Group won ten out of 25 categories in the 50th edition of the “Best Cars” reader poll conducted by the German trade magazine auto motor und sport, setting a historic record. In the overall ranking, the Volkswagen brand secured three victories, one...
(Oilandgaspress) -The UK automotive sector is gravely concerned by today’s “Made in Europe” proposals set out in the European Commission’s Industrial Accelerator Act. As drafted, it would discriminate against UK-made vehicles and components, damaging a trading relationship worth almost £70 billion annually. It is a position...
(Oilandgaspress) -Volkswagen Group has reached another milestone in its successful electrification strategy. In 2025, the Group was one of the top five BEV manufacturers worldwide and was the clear BEV market leader in its home market of Europe with a market share of around 27...
(Oilandgaspress) -Ingka Group announced a new project that will be transforming an existing wind park in Portugal into a powerful hybrid hub by adding solar panels to the same location, utilizing the same grid connection. The existing wind park currently consists of 25 wind turbines with...
(Oilandgaspress) -Further to the announcement by QatarEnergy to stop production of liquefied natural gas (LNG) and associated products, QatarEnergy has declared Force Majeure to its affected buyers. QatarEnergy values its relationships with all of its stakeholders and will continue to communicate the latest available information. Information Source:...
(Oilandgaspress) - KBR and Rabigh Refining & Petrochemical Company (Petro Rabigh) today announced a strategic 10-year general maintenance services contract, with an optional two-year extension, covering Petro Rabigh Polymer I and Polymer II plants at Rabigh in the Kingdom of Saudi Arabia. Under the agreement, KBR,...
(Oilandgaspress) -Mercedes Benz is making artificial intelligence the standard of the digital workplace – worldwide, all employees in administrative and production related areas will gain access to Microsoft 365 Copilot. With this company-wide rollout, the initiative ranks among the largest, most comprehensive AI deployments in...
(Oilandgaspress) Israel reportedly ordered the temporary shutdown of some natural gas fields after launching an attack on Iran in a joint operation with the U.S. The halt is a security measure, the Energy Ministry said in a statement, without specifying the fields affected. Energean Plc,...
(Oilandgaspress) -Britain's Financial Conduct Authority fined Wood Group nearly £13m ($17.39 million) for publishing inaccurate information in its financial results for 2022, 2023 and the first half of 2024 The financial watchdog said following the poor performance of certain projects, the company's accounting judgments...
(Oilandgaspress) -Traderoot has formed a strategic partnership with Halo Dot, who provides certified, secure and modular SoftPOS software that enables merchants to accept contactless payments directly on mobile devices. Together, the companies aim to make secure, mobile-first SoftPOS payments more widely available. Android smartphones become secure...