(Oilandgaspress) The update gives an overview of current expectations for the fourth quarter. Outlooks presented may vary from the actual fourth quarter 2025 results and are subject to finalisation of those results, which are scheduled to be published on February 5, 2026. Unless otherwise indicated,...
London, January 06, 2026, (Oilandgaspress) –US forces have seized a Venezuela-linked oil tanker surrounded surrounded by a Russian escort, in a move that could see Donald Trump risk a dispute with Vladimir Putin. Anonymous US officials told NBC News the US military and Coast Guard have...
(Oilandgaspress) Orrön Energy AB announced further progress across its greenfield platform, strengthening the value and maturity of its project portfolio. Following the conclusion of the UK grid reform process, the Company has secured grid connections for six large-scale projects with an estimated combined capacity of...
(Oilandgaspress) Artificial intelligence (AI) contributed to value creation and savings for Equinor and its partners amounting to USD 130 million in 2025. AI is now utilized on offshore platforms and land facilities to solve industrial tasks on a large scale in a safe, efficient, and...
(Oilandgaspress) Sunrise Wind LLC, a wholly owned subsidiary of Ørsted, will file a complaint in the U.S. District Court for the District of Columbia, challenging the lease suspension order issued on December 22, 2025 by the U.S. Department of the Interior’s Bureau of Ocean Energy...
(Oilandgaspress) Corteva Inc. and bp today announced the launch of Etlas, their new 50:50 joint venture that will produce oil from crops – including canola, mustard and sunflower – for use in the production of biofuels like sustainable (or synthetic) aviation fuel (SAF)...
(Oilandgaspress) Aker Solutions expects activity levels to decrease in 2026 compared to 2025.To adapt to the market situation and prepare for the future, Aker Solutions will reduce capacity and headcount in certain areas.“We still see many opportunities both in Norway and internationally, but the anticipated...
(Oilandgaspress) Baker Hughes announced the final closing of its previously announced joint venture with a subsidiary of Cactus, Inc., in which Baker Hughes has contributed its surface pressure control (SPC) product line. Cactus, a global manufacturer and service provider of pressure control equipment for oil and...
(Oilandgaspress) Saipem has been awarded a new offshore contract by Turkish Petroleum OTC for additional activities as part of the extension of the third phase of the Sakarya gas field development project in Turkish sector of Black Sea. The value of the contract is approximately...
(Oilandgaspress) XPeng Motors has recently undergone a series of upgrades to its localization strategy in the Middle East and Africa: successfully entering the Qatari market, establishing a strategic partnership with a partner in Mauritius, and simultaneously launching new showrooms and service centers in Abu Dhabi,...
(Oilandgaspress) From January to December 2025, XPeng Motors delivered a total of 429,445 new vehicles, representing a year-on-year increase of 126%. In December 2025, XPeng Motors delivered 37,508 new vehicles, achieving both year-on-year and month-on-month growth. The vehicles delivered by XPeng Motors throughout 2025 are...
(Oilandgaspress) –The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 4 January 2026, to review global market conditions and outlook. The eight participating countries reaffirmed their...