(Oilandgaspress) -] Volvo’s gas-powered trucks are growing in volume as more markets are embracing alternative fuels that enable significant reduction of CO2 emissions. 2025 was Volvo’s best sales year ever for trucks powered by gas thanks to leading products and the favorable supply and cost...
(Oilandgaspress) -] Neste and World Fuel Services (World Fuel) have extended their existing relationship with a five-year agreement that will expand the availability of Neste-supplied sustainable aviation fuel (SAF) at more than 100 airports across World Fuel’s UK and European network. The extended agreement helps support...
(Oilandgaspress) -] HELLENiQ UPSTREAM Holdings S.A. in partnership with Chevron, has signed Lease Agreements with the Hellenic Republic concerning the exploration of four offshore blocks located south of Crete and the Peloponnese. This new concession agreement complements and consolidates the Company’s exploration & production portfolio...
(Oilandgaspress) -] ElevenEs has completed the first closing of its Series B investment round, backed by Caterpillar Venture Capital, Inc. a wholly owned subsidiary of Caterpillar Inc. (NYSE: CAT), the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial...
(Oilandgaspress) U.S. Rig Count is unchanged from last week at 551 with oil rigs down 3 to 409, gas rigs up 3 to 133 and miscellaneous rigs unchanged at 9. Canada Rig Count is down 6 from last week to 222 with oil rigs down...
(Oilandgaspress) -] Chevron Corporation , via its four Dutch subsidiaries, together with HELLENiQ ENERGY has today signed Lease Agreements with the Hellenic Republic which will enable exploration of four blocks offshore Greece. The blocks are located south of Crete (South Crete 1, South Crete 2) and...
(Oilandgaspress) -] Reliance Industries Limited, the Mukesh Ambani-led company has received a US general licence to buy Venezuelan crude oil directly. The deal would help RIL to resume imports of discounted heavy feedstock that aligns with its Jamnagar refinery configuration and optimises refining margins. Reliance Industries,...
(Oilandgaspress) -] Mitsubishi Heavy Industries, Ltd. (MHI) has conducted a demonstration of an integrated production process for synthesizing liquid fuels from carbon dioxide, water, and electricity, successfully producing liquid synthetic fuels through an integrated production system. The demonstration was conducted at MHI's Research & Innovation...
(Oilandgaspress) -] Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, convened the Energy Forward Forum at the Fairmont Hotel Jakarta, Indonesia, bringing together policymakers, utilities, power producers, and industry stakeholders to exchange perspectives on Indonesia's evolving energy landscape and the practical pathways needed...
(Oilandgaspress) -] Maritime decarbonization legislation and directives continue to increase and diversify. This places elevated demands upon shipowners and operators to provide meaningful, transparent and traceable data to legislative bodies, in order to substantiate their hopefully decreasing carbon-footprint and increasing compliance performance. Since its launch in...
(Oilandgaspress) -] Saab and the Joint Stock Company “Ukrainian Defense Industry” (JSC UDI) have signed a Memorandum of Understanding (MoU) regarding their intention to collaborate in the areas of aviation and airborne surveillance, in which they have complementary expertise. The aim is to strengthen Ukraine’s...
(Oilandgaspress) -] bp can confirm an oil discovery in the Algaita-01 exploration well offshore Angola, reported by Azule Energy. Block 15/06, where the well was drilled, is operated by Azule Energy – a 50:50 joint venture between bp and Eni. The Algaita-01 well marks the fourth...