(Oilandgaspress) The war in the Middle East is creating the largest supply disruption in the history of the global oil market. With crude and oil product flows through the Strait of Hormuz plunging from around 20 mb/d before the war to a trickle currently, limited...
(Oilandgaspress) - The new Ferrari Amalfi Spider was unveiled today: a V8 2+ spider with a front-mid-mounted engine that embodies the perfect balance between contemporary sportiness and versatility within the Ferrari range. Designed for those who want a more dynamic driving experience without compromising comfort...
(Oilandgaspress) The Volkswagen Group’s Brand Group Core (BGC) implemented its strategic goals as planned in 2025 – and reported an operating result of 6.8 billion euros – close to the prior year level despite significant negative special items. Adjusted for additional expenses for restructuring, the...
(Oilandgaspress) - With the all-new electric VLE, Mercedes-Benz is ushering in a new era. As the first vehicle to be built on the newly developed modular, flexible and scalable Van Architecture, the result is a completely redefined Grand Limousine. Among other things, it benefits from...
(Oilandgaspress) - Hitachi Energy announced an additional $150 million USD investment to expand its power transformer manufacturing across Latin America, boosting capacity to meet surging global demand for electrification and accelerate grid infrastructure. The investment deepens Hitachi Energy’s manufacturing footprint and reinforces the region’s role...
(Oilandgaspress) - Hitachi, Ltd. announced today that it has received an order from Chubu Electric Power Grid for Hitachi Energy’s EconiQⓇ 550 kilovolt (kV) sulfur hexafluoride (SF6)-free gas-insulated switchgear (GIS). This is set to be the world’s first project with 550 kV GIS*1 in which...
(Oilandgaspress) Iranian explosive-laden boats appear to have attacked two fuel tankers in Iraqi waters setting them ablaze and killing one crew member on Wednesday, after projectiles struck three vessels in Gulf waters, said port, maritime security and risk firms. The ships targeted in late-night armed...
(Oilandgaspress) - The T-4 Capacity Market auction has concluded, for delivery in 2029/30. The EMR Delivery Body (NESO) has announced that the capacity auction has cleared at £27.10/kW/year, and 40,108.608 MW of capacity has been secured for Great Britain. A provisional list of the GB assets...
(Oilandgaspress) - KBR announced it has been awarded a landmark seven-year General Maintenance Services (GMS) contract, with an optional three-year extension, from Saudi Aramco Total Refining and Petrochemical Company (SATORP) for its strategic petrochemical expansion complex in Jubail, Kingdom of Saudi Arabia. Under the agreement, KBR...
(Oilandgaspress) - Wayve, Uber and Nissan today announced the signing of a memorandum of understanding to collaborate on the development of robotaxis and commence activities to realize the deployment of robotaxi services. The parties will begin preparations for a pilot deployment in Tokyo by late...
(Oilandgaspress) - Baker Hughes Company successfully issued $6.5 billion in debt consisting of five tranches of senior unsecured notes and €3 billion in debt consisting of four tranches of senior unsecured notes (collectively, the “notes”): $500 million 4.050% Senior Notes due 2029$1.25 billion 4.350% Senior Notes...
(Oilandgaspress) - Plenitude launches Goodnight Light, a new communication project designed to encourage energy saving by helping children overcome their fear of the dark. The initiative aligns with Plenitude’s mission as a Benefit Corporation, promoting a positive impact on people and the environment while engaging...