(Oilandgaspress) Shell Plc reportedly is in discussions with partners over the potential development of the Bonga South West oil field offshore Nigeria, a project that could involve around $20 billion of investment if it advances to a final investment decision. Following engagements with Nigeria's President...
(Oilandgaspress) -] SLB concluded the year with very strong fourth-quarter results driven by Production Systems, Digital and Reservoir Performance. “Fourth-quarter revenue increased sequentially across all four geographies for the first time since the second quarter of 2024, reflecting stabilized global upstream activity. We saw revenue...
(Oilandgaspress) -] Baker Hughes Company announced results today for the fourth-quarter and full-year 2025. Full-year highlights Orders of $29.6 billion, including record $14.9 billion of IET orders.Revenue of $27.7 billion, flat year-over-year.Attributable net income of $2,588 million.GAAP diluted EPS of $2.60 and adjusted diluted EPS* of $2.60.Adjusted EBITDA*...
(Oilandgaspress) -] On January 24th, during the Libya Energy & Economy Summit in Tripoli, Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies signed an agreement extending the Waha Concessions up to December 31, 2050, in the presence of Abdul Hamid Dbeiba, Prime Minister of...
(Oilandgaspress) The UK, Ireland, Germany, France, Belgium, Luxembourg, the Netherlands, Denmark, and Norway will pledge on Monday at the international North Sea Summit in Hamburg, Germany, to accelerate offshore wind power via large-scale cross-border projects, according to a draft declaration of the summit seen by...
(Oilandgaspress) -] McDermott has been awarded a major* contract by ADNOC for engineering, procurement, construction and installation (EPCI) services for the Nasr-115 Expansion Project, located approximately 130 kilometers (81 miles) northwest of Abu Dhabi in the United Arab Emirates (UAE). The Nasr-115 Expansion Project is a...
(Oilandgaspress) -] Iberdrola has completed the sale of its business in Hungary after obtaining all the necessary authorisations to carry out the transaction. The company has sold 100% of the shares in Iberdrola Renovables Magyarország KFT, the owner of its business in Hungary, to a...
(Oilandgaspress) -] Ekienea, a company led by Iberdrola España, a subsidiary of the Iberdrola Group in Spain, has obtained prior administrative authorisation from the Ministry for the Ecological Transition and the Demographic Challenge, marking a key milestone for the project and strengthening its plans to...
(Oilandgaspress) -] Iberdrola España, a subsidiary of the Iberdrola Group in Spain, has commissioned the first two large-scale battery storage systems in Spain, located in Alarcón (Cuenca). With a storage capacity of 60 MWh and a power output of around 30 MW each, the Romeral...
(Oilandgaspress) U.S. Rig Count is up 1 from last week to 544 with oil rigs up 1 to 411, gas rigs unchanged at 122 and miscellaneous rigs unchanged at 11.Canada Rig Count is up 5 from last week to 231 with oil rigs up 8...
(Oilandgaspress) -] Nissan and Chery SA have reached agreement on the acquisition of Nissan’s manufacturing assets in Rosslyn, South Africa. Subject to the fulfilment of certain conditions, including regulatory approvals, Chery SA will purchase the land, buildings and associated assets of the Nissan facilities, including of...
(Oilandgaspress) -] Between January 6 and 16, 2026, Livigno hosted the latest edition of Lamborghini Accademia Neve, the world’s most exclusive ice-driving experience. Launched in 2012, Accademia Neve is the stage where performance and style meet, offering participants the opportunity to master driving Lamborghini models...