(Oilandgaspress) -] Drax announced that it has signed a tolling agreement with West Burton C Limited, a company owned by Fidra Energy (“Fidra”, an independent Battery Energy Storage Systems “BESS” developer)(1), for 250MW (500MWh) of new BESS capacity. Under the agreement Fidra will retain responsibility for...
(Oilandgaspress) -] Thomas Illner, currently COO of Porsche Germany, will assume the position of CEO Porsche Latin America starting in March 2026. Ragnar Schulte, currently Director of Experiential Marketing at Porsche AG, will take over as CEO Porsche Asia Pacific as of May 2026. Information Source:...
(Oilandgaspress) -] Delta Electronics, Inc. announced a partnership with MODEC (MODEC, Inc.) and fuel cell developer Eld Energy AS (“Eld energy”) to advance maritime energy transition. Under the agreement, Delta will supply Solid Oxide Stacks, Power Conditioning Systems (PCS), and converters for Eld Energy’s...
Oil prices rose to its highest level yet since summer last year due to Iran concerns and a weak U.S.dollar.Gold prices are also up as hitting a new all-time high of just under $5,595/oz. Silver also set a new record @ $120/oz. Investors are reportedly...
(Oilandgaspress) -] Ingka Group, the largest IKEA retailer, today released its Annual Summary and Sustainability Report (ASSR) for Financial Year 2025 (FY25). The company continues to strengthen its commitment to building a more resilient business, while serving more customers and enabling them to live more...
(Oilandgaspress) -] The Chairman and CEO of TotalEnergies, met today in Afungi with His Excellency Daniel Chapo, President of the Republic of Mozambique, and together announced the full restart of Mozambique LNG project activities. This restart of project activities onshore and offshore follows the decision made...
(Oilandgaspress) -] Saab’s Seaeye Lynx subsea vehicle played a critical role in the survey and documentation of the 18th-century galleon San José, a Colombian cultural heritage asset.Often referred to as the “Holy Grail of shipwrecks,” San José sank in 1708 off the coast of Colombia...
(Oilandgaspress) -] Bentley launched the new Continental GT S and GTC S, inspired by the limited edition Supersports and extending the breadth of choice in the Continental line-up. Combining dramatic visual presence with the latest hybrid powertrain and the Continental GT Speed’s chassis technology, the...
(Oilandgaspress) -] Global investment firm Carlyle announced that it has agreed to sell Iwasaki Electric Co. Ltd. (“Iwasaki”), a leading Japanese provider of light sources, lighting fixtures, optical and environmental equipment, and related solutions, to Stanley Electric Co. Ltd. (“Stanley Electric”), a Japanese manufacturer...
(Oilandgaspress) -] The Danish Energy Agency granted a 30-year electricity production licence to Thor offshore wind farm, marking a significant milestone for what will become Denmark’s largest offshore wind project. With a total installed capacity exceeding one gigawatt, Thor is expected to supply renewable electricity...
(Oilandgaspress) -] RWE and Aneo have signed a transaction agreement concerning RWE’s Swedish wind activities. This includes RWE's onshore wind development pipeline (1.8 gigawatts), its onshore wind farms with a total operational capacity of 124 megawatts, the operational Karehamn offshore wind farm (48 megawatts), part...
(Oilandgaspress) -] Mitsubishi Heavy Industries, Ltd. (MHI) has been recognized with awards at the 2025 Energy Conservation Grand Prize awards, organized by the Energy Conservation Center, Japan (ECCJ) and sponsored by the Ministry of Economy, Trade and Industry (METI). Mitsubishi Heavy Industries Thermal Systems, Ltd....