(Oilandgaspress) Joby Aviation, Inc., a company developing electric air taxis for commercial passenger service, announced it has signed an agreement to acquire a manufacturing facility in the Dayton, Ohio area spanning more than 700,000 square feet. The facility, which is ready for immediate use, will...
(Oilandgaspress) BW Energy will publish its financial results for the fourth quarter of 2025 on 5 February 2025. Today, the company provides preliminary operational figures. Net production attributable to BW Energy was 2.3 million barrels of oil (mmbbls) in the fourth quarter of 2025, equivalent to...
(Oilandgaspress) Chevron Corporation by its subsidiary, Chevron Mediterranean Limited (CML), and the working interest owners of the Leviathan natural gas reservoir have reached a Final Investment Decision (FID) to expand the production capacity of the strategic Leviathan production platform located offshore Israel. The Leviathan expansion project...
(Oilandgaspress) Eni announced today in Geoje, South Korea, the hull launch of the Coral North FLNG, fully in line with the project schedule. Coral North will be the second state-of-the-art floating LNG facility to be deployed in the Rovuma Basin waters, offshore Cabo Delgado, north...
(Oilandgaspress) Indian Oil, led by Chairman A.S. Sahney, aims for 20-30% revenue from non-fuel sectors like gas, petrochemicals, lubricants, and renewables by 2030, shifting from an oil-centric model to become a diversified energy major, potentially through acquisitions, focusing on high-growth areas like specialty chemicals, City...
(Oilandgaspress) U.S. forces have reportedly seized another oil tanker in the Caribbean Sea, the Motor Tanker Veronica, which the Trump administration claims has ties to Venezuela. This action forms part of a broader U.S. effort to assert control over the South American nation’s oil resources. Homeland...
(Oilandgaspress) The U.S. District Court for the District of Columbia today granted Empire Offshore Wind LLC (Empire) a preliminary injunction that allows construction activities to resume on the Outer Continental Shelf for the Empire Wind project. The underlying lawsuit challenging the U.S. Department of the Interior’s...
Hyundai Motor Group (the Group) concluded Consumer Electronics Show (CES) 2026 with major announcements and industry recognition that underscore its leadership in human-centered, artificial intelligence-driven robotics and Physical AI. The Group’s CES 2026 activities focused on strategy, real-world deployment, product validation, and global partnerships with AI leaders under the theme ‘Partnering...
(Oilandgaspress) The all-new Hyundai PALISADE has been named the 2026 North American Utility Vehicle of the Year™ by the North American Car, Utility and Truck of the Year (NACTOY) jury, reaffirming Hyundai Motor’s leadership in delivering family-focused SUVs with premium quality, advanced technology and everyday...
(Oilandgaspress) Hyundai Motor Company’s all-electric SUV IONIQ 9 has received the prestigious title of World’s Best Large SUV at the 2026 Women’s Worldwide Car of the Year (WWCOTY) Awards. This accolade underscores Hyundai Motor’s continued commitment to excellence, innovation and sustainability within the large SUV...
(Oilandgaspress) According to the updated forecast, in 15 minutes, crude oil's (WTI) price will increase by 0.07% to $59.41. Then will reverse, and 15 minutes later, the price will rise to $59.39. After one hour, Crude oil (WTI) price is expected to be $59.39, which...
(Oilandgaspress) The Volkswagen Group is committed to further enhancing safety for all road users across Europe. Building on successful experiences in Germany, the Group aims to expand its program for utilizing sensor and image data from customer vehicles to around 40 European countries. The goal...