(Oilandgaspress) 1PointFive announced today that Bain & Company purchased 9,000 metric tons of carbon dioxide removal (CDR) credits over three years enabled by Direct Air Capture (DAC). The agreement is Bain’s first purchase of DAC removal credits as a solution to address residual operational emissions...
(Oilandgaspress) DNO ASA, the Norwegian oil and gas operator, today announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 17 exploration licenses, of which four are operatorships, under Norway's Awards in Predefined Areas (APA) 2025 licensing round.Of the 17 new licenses,...
(Oilandgaspress) Equinor has been awarded 35 new production licenses by the Ministry of Energy in this year's APA, Awards in Predefined Areas. Equinor will gain access to attractive acreage in the North Sea, the Norwegian Sea and the Barents Sea, strengthening the foundation for the company's...
US federal court grants preliminary injunction(Oilandgaspress) U.S. District Court for the District of Columbia granted the preliminary injunction sought by Revolution Wind, LLCregarding the December 22, 2025 suspension order issued by the Department of the Interior’s Bureau of Ocean Energy Management (BOEM). The court’s action will...
(Oilandgaspress) A U.S. court cleared Orsted to resume work on its nearly completed Revolution Wind project, easing fears of multibillion-dollar losses. The ruling comes after repeated disruptions to offshore wind projects under U.S. President Donald Trump, who has criticised wind turbines as ugly, costly and...
(Oilandgaspress) The Golf GTI is the world’s most original and successful compact sports car: in its class. More than 2.5 million units have been produced to date. In 2026. The Golf GTI will turn 50 – and this will be celebrated with a variety of national...
(Oilandgaspress) Volkswagen is opening the doors to the all-new ID. Polo for the first time, offering an exciting glimpse into the interior of its future models. The new holistic design approach, shaped especially by customer feedback, will define the cockpit of upcoming ID. models. Features...
(Oilandgaspress) Volkswagen brand deliveries virtually matched the prior-year level amid challenging market conditions (–1.4 percent). While a positive trend could be observed particularly in Europe (+5.1 percent) and South America (+18.5 percent), the market environment in China (–8.4 percent) remains challenging. US tariffs also had a...
(Oilandgaspress) Oil prices up, in wake of Donald Trump placing an immediately effective 25 per cent tariff on all nations “doing business with the Islamic Republic of Iran.” Though there has been no official policy presented so far, the president wrote on social media: “Any...
(Oilandgaspress) Traditional fuel-powered trucks will not be able to be sold, ministers have announced, also ruling out allowing the use of low-carbon or synthetic fuels. This means they will have to be electric from 2040. The 2040 cut-off date for petrol trucks was put forward...
(Oilandgaspress) Masdar has signed a Power Purchase Agreement (PPA) for the 150-megawatt (MW) Quipungo Solar Photovoltaic project in Angola, marking Masdar’s first PPA in the country. The Quipungo project represents the first contracted site under Project Royal Sable, a planned 500MW renewable energy programme across...
(Oilandgaspress) The price of gold has soared to a new record high as concerns about fresh threats to the independence of the US central bank fuel demand for the asset. Gold broke through $4,600/ounce for the first time on Monday, while silver also hit a...