(Oilandgaspress) -The UK automotive sector is gravely concerned by today’s “Made in Europe” proposals set out in the European Commission’s Industrial Accelerator Act. As drafted, it would discriminate against UK-made vehicles and components, damaging a trading relationship worth almost £70 billion annually. It is a position...
(Oilandgaspress) -Volkswagen Group has reached another milestone in its successful electrification strategy. In 2025, the Group was one of the top five BEV manufacturers worldwide and was the clear BEV market leader in its home market of Europe with a market share of around 27...
(Oilandgaspress) -Ingka Group announced a new project that will be transforming an existing wind park in Portugal into a powerful hybrid hub by adding solar panels to the same location, utilizing the same grid connection. The existing wind park currently consists of 25 wind turbines with...
(Oilandgaspress) -Further to the announcement by QatarEnergy to stop production of liquefied natural gas (LNG) and associated products, QatarEnergy has declared Force Majeure to its affected buyers. QatarEnergy values its relationships with all of its stakeholders and will continue to communicate the latest available information. Information Source:...
(Oilandgaspress) - KBR and Rabigh Refining & Petrochemical Company (Petro Rabigh) today announced a strategic 10-year general maintenance services contract, with an optional two-year extension, covering Petro Rabigh Polymer I and Polymer II plants at Rabigh in the Kingdom of Saudi Arabia. Under the agreement, KBR,...
(Oilandgaspress) -Mercedes Benz is making artificial intelligence the standard of the digital workplace – worldwide, all employees in administrative and production related areas will gain access to Microsoft 365 Copilot. With this company-wide rollout, the initiative ranks among the largest, most comprehensive AI deployments in...
(Oilandgaspress) Israel reportedly ordered the temporary shutdown of some natural gas fields after launching an attack on Iran in a joint operation with the U.S. The halt is a security measure, the Energy Ministry said in a statement, without specifying the fields affected. Energean Plc,...
(Oilandgaspress) -Britain's Financial Conduct Authority fined Wood Group nearly £13m ($17.39 million) for publishing inaccurate information in its financial results for 2022, 2023 and the first half of 2024 The financial watchdog said following the poor performance of certain projects, the company's accounting judgments...
(Oilandgaspress) -Traderoot has formed a strategic partnership with Halo Dot, who provides certified, secure and modular SoftPOS software that enables merchants to accept contactless payments directly on mobile devices. Together, the companies aim to make secure, mobile-first SoftPOS payments more widely available. Android smartphones become secure...
(Oilandgaspress) -Archer Aviation Inc. announced it is On-track for piloted vertical take-off and landing operations as part of the White House’s eVTOL Integration Pilot Program (eIPP) and Archer’s UAE commercial launch program. Ended 2025 with record liquidity of circa $2.0B. SUMMARY FINANCIALS(In millions; unaudited) QUARTER ENDEDYEAR ENDED DEC...
(Oilandgaspress) Oil prices rose 3% on Wednesday as the U.S.-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump suggested the U.S. Navy could escort vessels through the Strait of Hormuz. Iraq, the second-largest...
(Oilandgaspress) -KBR announced today it has been awarded a 10-year catalyst supply contract by Indorama Eleme Fertilizer & Chemicals FZE for its entire ammonia plant portfolio. This marks the first long‑term catalyst agreement for KBR in the ammonia sector, further reinforcing the company’s position as...