(Oilandgaspress) - ENGIE today announces the signing of an agreement to acquire 100% of UK Power Networks (UKPN), the best-in-class electricity distributor in the UK, for an equity value1 of £10.5 billion. This acquisition marks a major milestone in ENGIE’s ambition to become the best energy transitionutility,...
(Oilandgaspress) - Reported Fourth Quarter Fiscal 2025 Revenues of $1.9 billion, down 11%, due to the slower pace of awards and contingency EUCOM scope reductionsNet income attributable to KBR of $111 million, up 46%; Operating income of $191 million, up 36% with an Operating income...
(Oilandgaspress) - Rimac Technology today announced a leadership transition as the company enters its next phase of growth as a global Tier 1 supplier to the automotive industry. Nurdin Pitarević, previously Chief Operating Officer, has been appointed Chief Executive Officer, while Marko Brkljačić, formerly Deputy...
(Oilandgaspress) During 2024 and 2025, Hydro has donated more than 10,000 pieces of flame retardant workwear to Ukrainian fire and rescue services. The donation is the result of a broad collaboration between Hydro's Norwegian aluminium plants and the inclusive business Sogn Vekst in Årdal. The...
(Oilandgaspress) - Nel ASA reported revenues from contracts with customers of NOK 330 million in the fourth quarter of 2025, down 20% versus the same quarter last year. Total revenue and income was NOK 361 million (Q4 2024: 450) and EBITDA in the quarter came...
(Oilandgaspress) - Subsea 7 S.A. announced today results of Subsea7 Group (the Group, Subsea7) for the fourth quarter and full year which ended 31 December 2025. Unless otherwise stated the comparative period is the full year which ended 31 December 2024. Highlights Fourth quarter Adjusted EBITDA of...
(Oilandgaspress) - 4Q ‘25 Group proforma adjusted EBIT was €2.87 bln above 2024 despite a 15% decline in crude oil prices and a 9% appreciation in the EUR/USD rate, aided by volume growth and cost efficiencies. The Group reported an adjusted net profit of €1.2...
(Oilandgaspress) - Unibail-Rodamco-Westfield (URW) and Ingka Centres today announce the launch of the Sustainable Retail Index Association, an independent organization that will establish a recognized common standard for measuring and improving sustainability across retail real estate portfolios. The association will equip retail landlords with comprehensive...
(Oilandgaspress) - Hyundai Motor Group is continuing in its efforts to protect the public and firefighters through the donation of four Unmanned Firefighting Robots designed for high-risk environments to South Korea’s National Fire Agency. A donation ceremony for the remote fire suppression robots was held on...
(Oilandgaspress) - INEOS announced a €300 million investment supported by French government grants that will deliver the next phase of its Lavera regeneration plan and cut carbon dioxide emissions by 331,000 tonnes per annum, the equivalent of taking over 70,000 cars off the road each...
(Oilandgaspress) - Wayve, the leader in embodied AI for autonomous driving announced it has raised $1.2 billion in a Series D investment round, bringing its post-money valuation to $8.6 billion. The funding accelerates the company’s shift from AI research leadership to scaled commercial deployment...
(Oilandgaspress) Oil prices up as the threat of military conflict between the U.S. and Iran threatening to disrupt supply continues to worry investors even as talks between the parties are set for Thursday. Oil and Gas BlendsUnitsOil PriceChangeCrude Oil (WTI) OilpriceUSD/bbl$66.13UpCrude Oil (Brent)USD/bbl$71.35UpBonny Light 24/02/26 CBNUSD/bbl$73.35--DubaiUSD/bbl$68.23DownNatural...