(Oilandgaspress) OPEC+ reportedly is leaning towards resuming increases to oil output from April, three OPEC+ sources said, as the group prepares for peak summer demand and price strength is bolstered by tensions over U.S.-Iran relations. The resumption of production increases will allow OPEC leader Saudi...
(Oilandgaspress) -] Jumbo Offshore has completed mooring pre-installation activities for the FPSO Errea Wittu for Exxon Mobil Guyana Ltd. at Uaru Field, Stabroek Block, Offshore Guyana, on behalf of Modec. The scope of work included the installation of suction anchors and the pre-lay of mooring...
(Oilandgaspress) -] The energy distributed by Iberdrola worldwide during the 2025 financial year increased by 7.5% to a record 255,976 gigawatt-hours (GWh), driven by the United Kingdom (+52.2%, which already includes the contribution from SP Electricity North West), according to information submitted to the Spanish...
(Oilandgaspress) -] Aker BP delivered solid operational and financial performance in the fourth quarter of 2025, with high production efficiency, low costs and low emissions, and continued progress across all major development projects. The company further strengthened its long‑term outlook through successful exploration, the maturation...
(Oilandgaspress) Global oil demand is expected to rise by 850,000 barrels per day this year, the International Energy Agency (IEA) reportedly said today as it cut its growth estimate from 930,000 bpd expected last month. All the 850,000 bpd growth this year is poised to...
(Oilandgaspress) -] The European truck market on the other hand, dominated by a handful of players.Three of them are German: Daimler, MAN, and Scania – both Scania and MAN are owned by Volkswagen. In addition, there is Sweden’s Volvo, America’s DAF, and Italy’s Iveco have...
(Oilandgaspress) -] Odfjell SE today reported preliminary full-year and fourth-quarter 2025 results, delivering a resilient financial result that demonstrates a robust business model. Odfjell also made continued progress on sustainability, achieving a record low AER of 6.8 for 2025 and launching the first operational green...
(Oilandgaspress) -] With reference to the Odfjell SE 4Q25 report of 11 February 2026. The Board of Directors have approved a dividend payment of USD 0.50 per share based on the Company's second half 2025 financial result.Key information relating to the dividend payment:Declared dividend:...
(Oilandgaspress) -] Chinese scientists have helped create a new safety system for automated driving systems that can sometimes react to hazards more quickly than the human brain. The study details how scientists from China, Britain, Hong Kong, Saudi Arabia, and the United States built a hardware-based...
(Oilandgaspress) -] Dana Incorporated today announced that its board of directors has appointed Byron Foster as Chief Executive Officer, effective July 1, 2026. This planned effective date allows for a structured transition period. R. Bruce McDonald, who has served as Chairman and CEO since 2024,...
(Oilandgaspress) -] Eni, YPF and XRG, the foundational project partners, today announced they have signed a binding Joint Development Agreement (JDA) to advance Argentina LNG. This large-scale integrated gas and liquefaction project will unlock Argentina’s Vaca Muerta shale basin and help position the country as...
(Oilandgaspress) -] TotalEnergies Board of Directors met on February 10, 2026, and decided, following the conversion of the Company's ADRs into ordinary shares, and subject to Board of Directors and the Shareholders' Meeting decisions which will approve the 2025 financial statements, allocation of earnings and...