(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...
(Oilandgaspress) Oil prices up as U.S.-Iran Standoff Triggers Higher 2026 Forecasts. The potential for war premium, OPEC+ supply policy, and the fundamentals in supply-demand balances will determine the direction of oil prices this year. Oil and Gas BlendsUnitsOil PriceChangeCrude Oil (WTI) OilpriceUSD/bbl$67.13UpCrude Oil (Brent)USD/bbl$72.70UpBonny Light 27/02/26...
(Oilandgaspress) - BMW Group is consistently advancing the digitalisation and use of artificial intelligence in production. A key element in this effort is “Physical AI”, which combines digital artificial intelligence (AI) with real machines and robots. This enables intelligent systems such as humanoid robots to...
(Oilandgaspress) - Coterra Energy Inc. reported fourth-quarter and full-year 2025 results, provided full-year 2026 guidance, and declared a quarterly dividend of $0.22 per share. The Company ended the year with a cash balance of $114 million and no debt outstanding under its $2.0 billion revolving credit...
(Oilandgaspress) - Honda Motor Co., Ltd. announced a summary of automobile production, Japan domestic sales, and export results for the month of January 2026. World Production January 2026YOYJanuary 2025Japan51,081 units113.9%44,857 unitsOutside of Japan223,265 units99.8%223,771 unitsTotal274,346 units102.1%268,628 units Production in Main Regions North America139,348 units115.7%120,466 units USA86,367 units134.5%64,202 units Asia73,026 units77.2%94,573 units China38,125 units72.8%52,364...