(Oilandgaspress) -– Equinor delivered an adjusted operating income* of USD 9.77 billion and USD 2.86 billion after tax* in the first quarter. The results are positively impacted by higher production, higher liquids prices and higher US gas prices, partly offset by lower European gas prices. The...
(Oilandgaspress) -–The Board of Directors of Vestas Wind Systems A/S has decided to initiate a new share buy-back programme of up to DKK 747m (approx. EUR 100m). The share buy-back programme is initiated pursuant to the authorisation granted to the Board of Directors by the Annual...
(Oilandgaspress) -–Quarterly revenue of EUR 4bn with an EBIT margin before special items of 3.2 percent. Order intake of EUR 5.2bn and combined order backlog of EUR 76.1bn. Full-year guidance maintained. In the first quarter of 2026, Vestas generated revenue of EUR 3,966m – an increase...
Orrön Energy owns renewables assets directly and through joint ventures and associated companies and is presenting proportionate financials in addition to the consolidated financial reporting under IFRS to show the net ownership and related results of these assets. The purpose of the proportionate reporting is...
(Oilandgaspress) -–Honda officially opened its new motorcycle production factory in Aliağa, Izmir, marking a significant milestone in the company’s long-term commitment to Turkey and to the expansion of its global motorcycle business. Operated by Honda Türkiye A.S., the new facility is Honda’s 38th motorcycle production facility...
(Oilandgaspress) -–Capricorn notes that Waldorf Production UK Plc’s restructuring plan under Part 26A of the Companies Act has now been sanctioned by the Court. Following sanction and subject to completion of the associated transaction, including a further restructuring plan in Scotland in respect of Waldorf CNS...
Vestas is proud to announce the following orders as part of our Q2 order intake: CountryRegionCustomerProject nameMWTurbine variantService agreementDelivery & commissioningGermanyEMEABVNON Dienstleistungs- und Projektentwicklungs GmbHNienwohlde31 MW5 x V162-6.2 MW25-year AOM 4000 Service AgreementDelivery planned to begin in Q2 2027; commissioning scheduled to begin in Q4 2027GermanyEMEABoreas...
C-Kore Systems Limited from Escrick, York have been honoured with The King’s Award for Enterprise - Innovation 2026, recognising the company’s outstanding work in the field of optical fibre testing of subsea systems. This achievement marks C-Kore’s fourth award in just over 7 years, having...
(Oilandgaspress) -– KBR, Inc. announced its first quarter fiscal 2026 results. “KBR delivered a solid start to the year, reflecting disciplined execution and resilient operations in a dynamic environment,” said Stuart Bradie, President and Chief Executive Officer. “We remain focused on consistently executing well and...
(Oilandgaspress) -– Capricorn announces that it has fully repaid its $30m Junior Debt Facility loan two years ahead of schedule, following $81m in collections from the Egyptian General Petroleum Corporation year to date. Information Source: Read More ...
(Oilandgaspress) -–Aker Solutions has been awarded a front-end engineering and design (FEED) contract by Equinor to prepare the Kvitebjørn platform for production from the Atlantis subsea tie-in project.Atlantis is a gas condensate discovery in the northern North Sea, 35 kilometers southeast of the Gullfaks field....
(Oilandgaspress) -–INEOS Energy and Shell Offshore Inc., a subsidiary of Shell plc, have today agreed to jointly invest in exploration and development opportunities, strengthening their collaboration and supporting long-term energy security, from areas in tieback distance to the Appomattox platform in the Gulf of America. INEOS...