(Oilandgaspress) -Moeve’s Board of Directors has approved the final investment decision to begin construction in the coming weeks of the Andalusian Green Hydrogen Valley. The first phase, known as Onuba, will be the largest in Southern Europe with 300 MW of capacity and the option...
(Oilandgaspress) -Clean CCS EBITDA reached €1,685m in 2025, reflecting a steady performance from the Group’s Energy and Upstream businesses and a softening in Chemicals compared to the previous year. Clean CCS EBITDA for Q4’25 stood at €493m, a 33% increase from the same quarter of...
(Oilandgaspress) U.S. and Israeli forces also launched hundreds of missile and bomb strikes that affected at least 14 Iranian cities. An Israeli military official told media outlets that this is a much more wide-ranging campaign than the previous U.S.-Israeli attack on Iran in the 12-day...
(Oilandgaspress) The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 1 March 2026, to review global market conditions and outlook. In view of a steady global...
(Oilandgaspress) - Equinor and its partners have made a commercial oil discovery in the Snorre area in the North Sea. The partnership has already planned for a rapid and cost‑effective development. The well, drilled by the Deepsea Atlantic rig, has confirmed hydrocarbons. Preliminary volume estimate is...
(Oilandgaspress) Oil prices under threat as U.S. and Israel launch strikes across Iran, including Tehran on Saturday (28 February), in a “preventative attack”. Oil and Gas BlendsUnitsOil PriceChangeCrude Oil (WTI) OilpriceUSD/bbl$67.02DownCrude Oil (Brent)USD/bbl$72.87UpBonny Light 27/02/26 CBNUSD/bbl$72.94--DubaiUSD/bbl$68.34--Natural GasUSD/MMBtu$2.85UpMurbanUSD/bbl$74.24UpOPEC basket 26/02/26 OPECUSD/bbl$69.64--At press time February 28, 2026 . In the UK, VAT on public...
(Oilandgaspress) - Aramco announced major progress in its ambitious gas expansion strategy, with the start of production at Jafurah, the Middle East’s largest unconventional gas field, and the commencement of operations at Tanajib Gas Plant, one of the largest gas plants in the world. This will...
(Oilandgaspress) - U.S. Rig Count is down 1 from last week to 550 with oil rigs down 2 to 407, gas rigs up 1 to 134 and miscellaneous rigs unchanged at 9.Canada Rig Count is down 10 from last week to 214 with oil rigs...
(Oilandgaspress) - Lyten, a global leader in lithium-sulfur batteries and energy storage, announced today that it has completed the acquisition of Northvolt Ett and Ett Expansion (Skellefteå, Sweden) and Northvolt Labs (Västerås, Sweden). The Northvolt Sweden acquisition includes 16 GWh of existing battery manufacturing capacity,...
(Oilandgaspress) - Bugatti introduces an open-top masterpiece shaped by performance, artistry and heritage, the Bugatti W16 Mistral represents the ultimate chapter of the legendary W16 era. Through the exquisite personalization courtesy of Bugatti’s Sur Mesure offering, this extraordinary roadster becomes a canvas for the most...
(Oilandgaspress) - Automobili Lamborghini announces the appointment of Douglas Arrighi Pereira as Chief People, Culture and Organization Officer. Arrighi Pereira takes on the role following the departure of Umberto Tossini, who, after a long and successful career, has left the company to pursue new professional...
(Oilandgaspress) - Stellantis reported Net revenues of €153.5 billion, down 2% from 2024 due to strong FX headwinds and H1 2025 net pricing declines, which were partially offset by higher volume and mix. The Company posted a Net loss of €22.3 billion, driven by €25.4...