(Oilandgaspress) -] 2025 underlying RC profit $7.5bn delivered against a weaker oil price environment. Operating cash flow $24.5bn, including $2.9bn adjusted working capital* build(c).Strong operations and progress across upstream* and downstream: Record full year upstream plant reliability 96.1%; 2025 underlying production* held broadly flat vs....
(Oilandgaspress) -] Following the World Premiere of the New S-Class on 29 January 2026, three new S-Class saloons have set off on a global drive spanning more than 50,000 kilometres across six continents. The journey will visit a symbolic 140 locations, each reflecting a chapter...
(Oilandgaspress) -] Skyworth Auto officially delivered the first batch of 249 hydrogen fuel cell buses in Guangzhou, marking a significant milestone in the city's transition toward cleaner public transportation.The delivery was completed in collaboration with HTWO Guangzhou, Hyundai Motor Group's hydrogen fuel cell system subsidiary,...
(Oilandgaspress) -] The consortium consisting of Palatina GeoCon and Neptune Energy has successfully drilled and tested the Römerberg 10 well at Clusterplatz II on Franz-Kirrmeier-Straße in the north-east of Speyer. The initial results show promising quantities of oil. The partners are thus continuing their investment...
(Oilandgaspress) -] - Subsea 7 S.A. announced the award of a substantial1 contract by Chevron for subsea installation in the Eastern Mediterranean.Subsea7’s scope includes the transport and installation of approximately 17 kilometres of subsea flowlines and umbilicals. Project management and engineering will commence immediately and...
(Oilandgaspress) Oil and gas prices Up on average as markets continue to respond to geopolitical-driven uncertainty. Oil and Gas BlendsUnitsOil Price (02/09/26 PM)ChangeCrude Oil (WTI) OilpriceUSD/bbl$64.67UpCrude Oil (Brent)USD/bbl$69.27UpBonny Light 06/02/26 CBNUSD/bbl$71.25DownDubaiUSD/bbl$68.10--Natural GasUSD/MMBtu$3.15DownMurbanUSD/bbl$69.76UpOPEC basket 06/02/26 OPECUSD/bbl$67.49UpAt press time February 09, 2026 Mitsui & Co., Ltd. has launched a...
(Oilandgaspress) -] At the Indonesia International Motor Show (IIMS) 2026, VinFast officially opened reservations for the VF MPV 7, a premium 7-seater electric MPV designed for individual customers. Featuring a modern design, spacious interior, and a wide range of advanced technologies, the VF MPV 7...
(Oilandgaspress) -] VinFast today officially announced its entry into Indonesia’s e-scooter market through the signing of a Memorandum of Understanding (MoU) with strategic dealers in the country. The milestone marks a significant step in VinFast’s international expansion of its electric two-wheeler business and reaffirms the...
(Oilandgaspress) -] Transocean Ltd. and Valaris Limited announced the signing of a definitive agreement to combine the two companies under which Transocean will acquire Valaris in an all-stock transaction valued at approximately $5.8 billion (all currency in USD). The shareholding percentages of the combined...
(Oilandgaspress) -] The Volkswagen Group has reached a milestone in producing five million electric drive units worldwide. This collective achievement by the Győr, Kassel, Tianjin and Zuffenhausen plants underscores the performance capabilities of the Group-wide technology and production alliance as well as the systematic scale-up...
(Oilandgaspress) -] KBR announced it has been awarded two firm-fixed-price task orders totaling $103 million under the United States Space Force (USSF) – Decision Support for Headquarters (HQ) USSF Analysis contract. These follow on awards from the Chief Technology & Innovation Office (CTIO) will be...
(Oilandgaspress) -] Eni, together with CDP Venture Capital, invested €550,000 and announced a collaboration with the startup EXE Engineering in the field of carbon offsetting initiatives in Africa. This new investment will enable the startup to accelerate its roadmap and support the expansion of its...