(Oilandgaspress) Baker Hughes announced the successful closing of the sale of its Precision Sensors & Instrumentation (PSI) product line to Crane Company . PSI includes the Druck, Panametrics and Reuter-Stokes brands, and the Company had announced the divesture in July 2025. With the recently announced formation...
(Oilandgaspress) – Nigerian National Petroleum Company Limited (NNPC Ltd.) announced the successful restoration of the Escravos–Lagos Pipeline System (ELPS) in Warri, Delta State. Following the unexpected explosion on December 10, 2025, we immediately activated our emergency response, deployed coordinated containment measures, and worked tirelessly with...
(Oilandgaspress) Vestas has received an order totalling 102 MW for two wind projects in Italy from long-standing partner Edison. The projects form part of a broader 400 MW frame agreement, with the remaining capacity to be confirmed and announced as it becomes firm and unconditional.The...
(Oilandgaspress) Hyundai Motor Group announced key executive appointments in its Software and IT divisions, underscoring its commitment to advancing as a software defined mobility group. Eunsook Jin, Executive Vice President and Head of ICT Management Division, has been promoted to President, effective January 1st, 2026....
(Oilandgaspress) Hyundai Motor Group (the Group) has reaffirmed its global leadership in automotive safety by securing a combined 21 TOP SAFETY PICK (TSP) and TOP SAFETY PICK+ (TSP+) awards in the 2025 Insurance Institute for Highway Safety (IIHS) evaluations ¬— the highest total among automotive...
(Oilandgaspress) One challenge that Renault set itself at the beginning of 2025 was to drive an electric vehicle more than 1,000 km, with a battery the same size as Scenic's, at realistic motorway speeds, without stopping to charge. The first attempt was scheduled in October...
(Oilandgaspress) CB&I today announced that it has entered into a sale agreement to acquire Petrofac’s Asset Solutions business, a leading provider of operations, maintenance and decommissioning services for onshore and offshore energy assets. The acquisition strengthens CB&I’s portfolio with a complementary reimbursable contracting model business,...
London, December 22, 2025, (Oilandgaspress) –Venezuela’s National Assembly on Tuesday approved a measure that criminalizes a broad range of activities that can hinder navigation and commerce in the South American country, such as the seizure of oil tankers. The bill — introduced, debated and approved within...
(Oilandgaspress) CNOOC Limited announced that the Company has made a major oilfield discovery of Qinhuangdao 29-6 in the shallow Neogene formations of the Bohai Sea, which adds over a hundred million tons of oil equivalent in-place. Qinhuangdao 29-6 Oilfield is located in central Bohai Sea. The main oil-bearing...
(Oilandgaspress) –Castrol, bp has reached an agreement to sell a 65% shareholding in Castrol to Stonepeak, at an enterprise value of $10.1 billion. This represents an implied EV / LTM EBITDA of around 8.6x reflecting the strength of the business and future growth potential. The...
U.S. Rig Count is up 3 from last week to 545 with oil rigs up 3 to 409, gas rigs unchanged at 127 and miscellaneous rigs unchanged at 9.Canada Rig Count is down 67 from last week to 118, with oil rigs down 60 to...
(Oilandgaspress) Baidu on Monday announced that a pilot of its Apollo Go robo-ride service will take place in London sometime in the first half of 2026, with help from Uber.Backed by hundreds of millions of autonomous kilometers, and a global footprint in 22 cities —...