(Oilandgaspress) -–Chevron Corporation announced it has, through its subsidiaries with interests in Venezuela, agreed to an asset swap with Petroleos de Venezuela, S. A. (“PDVSA”) and subsidiaries of PDVSA in a mutually beneficial agreement which will consolidate all parties’ focus on strategic assets in the...
(Oilandgaspress) -–Halliburton announced it was awarded a multibillion-dollar contract by YPF to provide bundled unconventional completions services in the Vaca Muerta, one of the world’s most prolific shale resources outside North America. The award, which resulted from a competitive process, establishes a dedicated, exclusive, and...
(Oilandgaspress) -– Equinor ASA has divested an 8.07 percent shareholding in Scatec ASA at a price of NOK 125 per share. Total consideration amounts to around NOK 1.6 billion. Following the transaction, Equinor holds an 8.05 percent share in Scatec. Equinor has also entered into a...
(Oilandgaspress) -– CoreMarine & Jumbo Offshore announced the award of a significant contract to perform the transport and installation of the soft-yoke (SSY) mooring systems, and hook-up of both the Hilli Episeyo FLNG and MKII FLNG vessels, in Argentina’s Golfo San Matías. The award...
(Oilandgaspress) -– 2.05 million vehicles global deliveries after three months, down 4 percent from the previous year (2.13 million vehicles) Growth in South America (+7 percent), Western Europe (+4 percent) and Central and Eastern Europe (+8 percent) partially offset declines in China (-15 percent) and North...
The board of directors of Equinor ASA has today decided to propose to the general meeting of the company that the company’s share capital is reduced through cancellation of own shares and redemption of shares belonging to the Norwegian State. The proposal is made as a...
(Oilandgaspress) -– Scania sold 6% fewer vehicles in the first quarter of 2026 than in the prior-year quarter, weighed down by a sharp decline in unit sales in South America, particularly in Brazil. MAN Truck & Bus grew unit sales by 14% on the back of...
(Oilandgaspress) -–TotalEnergies and Türkiye Petrolleri Anonim Ortaklığı (TPAO) signed today a Memorandum of Understanding (MoU) on exploration opportunities. The MoU provides a framework for technical collaboration, including a joint assessment of exploration opportunities in the Black Sea region of Türkiye as well as internationally. We are pleased...
(Oilandgaspress) -– Baker Hughes has entered into an agreement to sell its Waygate Technologies business to Hexagon, a global leader in measurement technologies. The all-cash transaction is valued at approximately $1.45 billion, before customary closing adjustments. Waygate Technologies, part of Baker Hughes’ Industrial & Energy Technology...
(Oilandgaspress) -– bp has agreed to acquire a 60% interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas as part of bp’s strategy to grow its upstream portfolio. Subject to Namibian government approvals, bp will be the operator of three blocks...
(Oilandgaspress) -– TotalEnergies EP Congo (63.5%, operator) announces a hydrocarbon discovery on the Moho license, offshore the Republic of Congo, following the drilling of the MHNM-6 NFW exploration well targeting the Moho G structure. The well encountered a hydrocarbon column of approximately 160 meters in good-quality...
(Oilandgaspress) How have we come so perilously close to climate catastrophe, with spring temperatures in the Western United States already shattering records — and yet governments are spending over a trillion dollars a year subsidizing the fossil fuel industry and banks have channeled over $3...