(Oilandgaspress) -TotalEnergies has signed an agreement with Allianz Global Investors (AllianzGI) for the sale of a 50% stake in a portfolio of 11 battery storage projects with a total capacity of 789 MW – 1628 MWh. With this agreement, the partners will deliver an investment...
(Oilandgaspress) -IKEA China has introduced self-driving vehicles in Anhui Province after a pilot saw average customer waiting times reduced by two-thirds, improving both the customer experience and creating a more efficient workplace for co-workers. IKEA China worked with a local supplier to test self-driving vehicles that...
(Oilandgaspress) -Due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City in the State of Qatar, QatarEnergy has ceased production of liquefied natural gas (LNG) and associated products. QatarEnergy values its relationships with all of its stakeholders and will...
(Oilandgaspress) -The Alpine A110 has taken victory in the Sports Car category of the Auto Motor und Sport Magazine Best Cars 2026 readers' poll. With 11.8 percent of the votes, the iconic sports car won the prestigious award for an impressive eighth time. A total of...
(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...