(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....
(Oilandgaspress) -] The Porsche magazine ORIGINALE – invites readers to learn more about legendary vehicles, moving stories and dedicated craftsmanship – and to get to know the people who put their heart and soul into preserving this heritage. The spotlight is placed on two special highlights....
(Oilandgaspress) -] Tobias Sühlmann (46) will take over as Head of Design at Porsche from 1 February 2026. He succeeds Michael Mauer (63), who has been responsible for Porsche design for more than two decades. Sühlmann comes from the British sports car manufacturer McLaren. He...
(Oilandgaspress) -] ADNOC and Abu Dhabi National Energy Company PJSC (TAQA), today announced the signing of a 27-year Utilities Purchase Agreement to supply critical utilities to the TA’ZIZ Industrial Chemicals Zone in Ruwais Industrial City, Abu Dhabi. The duration of the agreement includes the offtake...
(Oilandgaspress) -] Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), today announced the successful completion of an upgraded reliability package at the 812MW natural gas-fired gas turbine combined cycle (GTCC) power generation plant at Damhead Creek Power Station, which is owned...
(Oilandgaspress) -] Scientists at the RMIT University in Australia have simplified the conversion of carbon emissions into jet fuel by combining the removal and conversion processes into a single step. To demonstrate the industrial applicability of the technology, the team has built a 3-kilowatt (kW)...
(Oilandgaspress) -] Volkswagen Group China delivered the China Electronic Architecture (CEA) on schedule. This paves the way for the successful roll-off of its first CEA-based model, the VW ID. UNYX 07. The tech trailblazer marks Volkswagen Group’s entry into full cycle Software-Defined Vehicle production in...
(Oilandgaspress) -] With more investment predictability, a de-risked investment framework, and a coordinated build-out plan of up to 15 GW per year in Europe, Ørsted and the offshore wind industry is committed to bringing down the cost of electricity from offshore wind by 30 %...
(Oilandgaspress) -] Baker Hughes and Hydrostor, a leading global long duration energy storage (LDES) developer and operator, announced Wednesday a strategic technology solutions and equity agreement. Baker Hughes will deepen its relationship with Hydrostor, integrating Baker Hughes’ technology capabilities as part of Hydrostor’s core design...