(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...
(Oilandgaspress) -] Vestas announced the initiation of a share buy-back programme, cf. Company Announcement No. 02/2026. The programme is implemented in accordance with Regulation No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and the Commission...
(Oilandgaspress) -] Mercedes‑Benz is strengthening its position in China with a focused plan that expands local R&D partnerships and accelerates next‑level localisation across the supply chain, innovating in China for China. Building on a strong 7 million customer base, direct customer insight continues to shape China-specific...
(Oilandgaspress) -] Mercedes-Benz Group delivered annual results within guidance, supported by sales of Top-End Vehicles and rigorous cost discipline, driving cash generation and enabling the company to navigate a complex and dynamic global landscape in 2025. Top‑End cars reached 15% of overall sales for Mercedes-Benz...
(Oilandgaspress) -] Based on the preliminary results for the 2025 financial year published today, eligible Mercedes-Benz employees are expected to receive a profit-sharing bonus of up to 3,139 euros. In doing so, the company is sharing the jointly achieved results of the previous financial year...