(Oilandgaspress) The UK is to bring forward its review of electric vehicle sales targets from 2027 to next year, as the government said it would listen to the concerns of the car industry according to latest news reports. The news came as ministers said they would...
(Oilandgaspress) The UK’s Labour government looks set to ignore motorists once again by pressing ahead with its controversial ban on new petrol and diesel cars, even as the European Union appears to be retreating from similar policies. According to the Financial Times, ministers intend to do...
(Oilandgaspress) –The UK Government’s decision in the November Budget to maintain the Energy Profits Levy (EPL) at 38%—pushing the headline tax rate on North Sea producers to 78%—has placed the future of the industry in immediate jeopardy. Domestic oil and gas production is already faltering under...
(Oilandgaspress) :Renault Group After-Sales, together with its strategic partner Castrol, proudly announces the launch of its new co-branded Renault Castrol GTX range formulated with Re-Refined Base Oils (RRBO). With this launch, Renault Group becomes the first automotive manufacturer to introduce this advanced technology to its latest...
(Oilandgaspress) PowerCo SE today commissioned the Salzgitter gigafactory as planned and produced the first Unified Cells "made in Europe". The commencement of production marks a milestone for the Volkswagen Group and the European battery industry: PowerCo is designing, developing and producing battery cells entirely in...
(Oilandgaspress) Casa dos Ventos, one of Brazil’s largest renewable energy companies, and Vestas, the global leader in wind energy solutions, announce a new stage in their business partnership for renewable projects in Brazil, with the 828 MW order for the Dom Inocêncio wind complex. The...
(Oilandgaspress) In line with its renewables business model, TotalEnergies has closed the sale to Asterion Industrial Partners of 50% of its 424 MW wind and solar portfolio in Greece. This transaction values the portfolio at €508 million, equivalent to approximately €1.2 million per MW installed. TotalEnergies...
(Oilandgaspress) Octopus Energy customers can now get their account credit back faster than ever before, thanks to a new tie-up with fintech company GoCardless. Octopus has completed one of the largest Direct Debit migrations in UK history, moving 5.5 million accounts and £12 billion of payments...
(Oilandgaspress) Forest has named Octopus Energy as its official energy partner, with the supplier set to power Forest’s 20,000-strong London e-bike fleet with zero-carbon electricity from December. The partnership makes Forest the only London e-bike operator running both its bikes and service vehicles entirely on...
(Oilandgaspress) Shell Offshore has taken final investment decision on a waterflood project at its Kaikias field in the US Gulf of America to boost oil recovery and extend the life of the Ursa platform. Water injection is expected to start in 2028, supporting higher recovery...
(Oilandgaspress) Masdar has reportedly withdrawn from a consortium seeking to take Nasdaq-listed ReNew Energy Global private, causing the proposed buyout to collapse. ReNew said all discussions were terminated following Masdar’s exit, despite months of negotiations that raised the offer price to $8.15 per share. The...
(Oilandgaspress) The President of the Republic of Uzbekistan, His Excellency Shavkat Mirziyoyev, inaugurated the Nur Bukhara project, the country’s first utility-scale integrated solar and battery project, developed by Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader. The President also formally ‘broke...