(Oilandgaspress) -Archer Aviation Inc. announced it is On-track for piloted vertical take-off and landing operations as part of the White House’s eVTOL Integration Pilot Program (eIPP) and Archer’s UAE commercial launch program. Ended 2025 with record liquidity of circa $2.0B. SUMMARY FINANCIALS(In millions; unaudited) QUARTER ENDEDYEAR ENDED DEC...
(Oilandgaspress) Oil prices rose 3% on Wednesday as the U.S.-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump suggested the U.S. Navy could escort vessels through the Strait of Hormuz. Iraq, the second-largest...
(Oilandgaspress) -KBR announced today it has been awarded a 10-year catalyst supply contract by Indorama Eleme Fertilizer & Chemicals FZE for its entire ammonia plant portfolio. This marks the first long‑term catalyst agreement for KBR in the ammonia sector, further reinforcing the company’s position as...
(Oilandgaspress) -In 2025, the was able to limit the decline in sales revenue to 7% despite a 9% decrease in unit sales to 305,500 vehicles (2024: 334,200 vehicles) in a difficult market environment. Sales revenue thus came in at €44.1 billion (2024: €47.5 billion). This...
(Oilandgaspress) -Renault is confirming its move upmarket on the C and D segments with top-spec versions making up the majority of sales. With European flagship Rafale, for example, the Esprit Alpine and Atelier Alpine finishes account for 85% of sales.In 2025, Austral, Espace and Rafale...
(Oilandgaspress) -Renault is continuing its international offensive as it reveals the name of its new show-car: Bridger Concept. Illustrating Renault's global ambitions, this vehicle is the forerunner to a production model – an urban SUV of new proportions – designed to better meet the needs...
(Oilandgaspress) -Subsea7 today announced that John Evans will retire from his position as CEO on the 30 June 2026 and will be succeeded from 1 July 2026 by Stuart Fitzgerald who is currently CEO of Seaway7, part of the Subsea7 Group. The Board will propose...
(Oilandgaspress) Energy bills could soar to £2,500 a year for UK Citizens as the ongoing Middle East war sends gas prices rocketing to a three-year high. Wholesale gas prices are up 32%, one of the highest levels markets have seen in almost three years.Analysts have...
(Oilandgaspress) -Hyundai Motor America reported record-breaking total February sales of 65,677 units, a 6% increase compared with February 2025. This marks the company’s third consecutive month of record total sales. Hyundai’s SUV lineup, including Tucson, Santa Fe, Palisade, and Kona, once again represented the majority...
(Oilandgaspress) -Equinor has completed the investigation of a well control incident on the “Deepsea Bollsta” drilling rig on 23 September 2025. The incident is classified in the company's highest category of severity. The incident occurred in connection with plugging a well on the Troll field, while...
(Oilandgaspress) -Plenitude, through its subsidiary Plenitude On The Road, has entered into a strategic partnership with Pininfarina to transform the design of the areas hosting its electric vehicle charging infrastructure. The collaboration aims to redefine future charging spaces by combining functionality, aesthetics, ease of use,...
(Oilandgaspress) -SolarDuck, a pioneer in Offshore Floating Solar Technology, today announced the launch of a high-level Advisory Board to accelerate the integration of its solutions within the offshore CCS (Carbon Capture and Storage) and offshore energy sectors. The board, composed initially of two distinguished industry...