(Oilandgaspress) -–In the first three months of this year, Porsche generated a group operating profit of 595 million euros (previous year: 762 million euros). This is in line with expectations and supports the forecast for the full year. The group operating return on sales of...
(Oilandgaspress) -–MHP has continuously evolved – from an SAP implementation partner to a process and IT consultancy, and ultimately into an internationally operating management and IT consultancy. Shaped by its roots in the automotive and manufacturing industries, MHP has always combined technological execution capabilities with...
(Oilandgaspress) -–Mercedes‑Benz is celebrating the successful ramp-up of three of its new top-end models – the S‑Class, Mercedes‑Maybach S‑Class and EQS – at its Sindelfingen site, together with representatives from local politics. The successful launch of series production for three models within three months demonstrates...
U.S. Rig Count is up 3 from last week to 547 with oil rigs up 1 to 408, gas rigs up 1 to 130 and miscellaneous rigs up 1 to 9.Canada Rig Count is down 7 from last week to 123 with oil rigs down...
(Oilandgaspress) U.S. President Donald Trump said on Friday he would increase tariffs on cars and trucks from the European Union to 25%, saying the bloc had not complied with its trade deal with Washington. "Based on the fact the European Union is not complying with our...
(Oilandgaspress) The Organization of the Petroleum Exporting Countries (OPEC) launched the 2026 edition of its Annual Statistical Bulletin (ASB) on Wednesday, 29 April 2026, at 14:00 (CEST) at the OPEC Secretariat in Vienna, Austria. The event was held via videoconference. The publication and its key...
(Oilandgaspress) -–Woodside Energy has appointed Breyden Lonnie as Executive Vice President and Chief Operating Officer Australia. Mr Lonnie has acted in the role since December 2025, with responsibility for Woodside’s portfolio of operations and projects in Western Australia and the Bass Strait. Mr Lonnie has 24...
(Oilandgaspress) -–Hyundai Motor Company (Hyundai Motor) reinforced its long-term commitment to the Chinese market at Auto China 2026 (Beijing Auto Show), unveiling the all-new IONIQ V and officially launching its all-electric IONIQ lineup brand. As the global automotive industry undergoes rapid transformation — with China at...
(Oilandgaspress) -–Hyundai Motor America reported April total sales of 80,157 units, a 2% decrease compared with April 2025. Industrywide, year over year April sales comparisons were impacted by pre tariff pull ahead purchases last year. Against this backdrop, Hyundai expects to outperform the U.S. auto...
(Oilandgaspress) -– Occidental today announced that its Board of Directors, as part of its management succession planning, has named Senior Vice President and Chief Operating Officer Richard Jackson to succeed Vicki Hollub as President and Chief Executive Officer upon her retirement. Hollub will retire effective June...
(Oilandgaspress) -– The first large scale vehicle-to-grid system – coupled with an electric car share service and located in the so-called European solar capital – has been deemed a success, and proof that V2G is now ready to roll out at scale. The scheme, in Utrecht,...
(Oilandgaspress) -– Chevron Corporation reported earnings of $2.2 billion ($1.11 per share - diluted) for first quarter 2026, compared with $3.5 billion ($2.00 per share - diluted) in first quarter 2025. Included in the quarter was a net loss of $360 million related to a...