(Oilandgaspress) China’s top market regulator has unveiled draft rules aimed at curbing aggressive pricing practices in the automotive sector. The State Administration for Market Regulation warned automakers against using steep discounts to undercut rivals or dominate market share. The draft focuses on price compliance across...
(Oilandgaspress) —Porsche is introducing a full range of modular tools throughout the entire development cycle to do so. The tools can be flexibly adapted to the individual requirements of each project. Industry customers benefit from significantly shorter development cycles, especially when they make maximum use...
(Oilandgaspress) Showcases the new Cayenne Electric for the first time in Turkey.A collaboration between Porsche Central and Eastern Europe (PCEE) and Doğuş Otomotiv (Porsche Türkiye), Porsche Studio Istanbul blends the brand’s design DNA, modern luxury philosophy, and racing spirit with the iconic cultural heritage and...
(Oilandgaspress) Bentley Motors supported more than 270 charitable projects in 2025, partnering with 144 charities across the UK and investing in 24 key local initiatives. Through its Advancing Life Chances strategy, the company reached over 18,500 people, supporting young people and communities in Crewe and...
(Oilandgaspress) XPeng Motors signed an agreement with Malaysia's EPMB Group to officially launch its localized production project in Malaysia. This is XPeng's third localized production project globally, following Indonesia and Austria. The project is scheduled to achieve mass production in 2026, aiming to create a...
(Oilandgaspress) Subsea 7 S.A. announced a contract award by Chevron Australia. The contract covers subsea installation on the Gorgon Stage 3 (GS3) Project, offshore Australia. Subsea7’s scope of work includes project management, engineering, procurement, fabrication, transportation, installation and pre-commissioning of subsea equipment and associated infrastructure...
(Oilandgaspress) KBR announced that it has been awarded a contract for its PureMSM green methanol technology by Fikrat Al-Tadweer for a pioneering biomethanol plant in Saudi Arabia for transforming landfill-gas into clean fuels. KBR’s PureM solution is designed for commercial-scale deployment with a low cost of...
(Oilandgaspress) –Chevron has lowered prices for Venezuelan crude sold to U.S. refiners following the seizure of a tanker by U.S. forces in the Caribbean and amid softer global oil prices. The discounted sale occurred a day after the vessel Skipper was intercepted off Venezuela’s coast,...
Sharpens EV and hybrid strategy, cuts larger EV plans(Oilandgaspress) Ford is refocusing its Ford+ strategy by redeploying capital toward higher-return opportunities, including expanding trucks, vans and launching a new battery energy storage business. The automaker will drop plans for select larger electric vehicles, citing weaker...
(Oilandgaspress) Enel Green Power Germany GmbH has closed the acquisition of a portfolio consisting of two onshore wind farms in Germany with a total installed capacity of 51 MW. The transaction contributes approximately €10m per year to the Group's ordinary EBITDA through a tariff regulated within...
MVV Energie Investments totalling more than €500 m channelled into heat transition, electricity transition and green customer solutions (Oilandgaspress) MVV Energie AG posted solid financial results despite operating in a challenging environment. Although lower wholesale prices meant that MVV’s adjusted sales of Euro 6.1 billion for the 2025 financial year (1 October 2024 to 30 September 2025) fell short of the previous year (Euro 7.2 billion), the company achieved...
(Oilandgaspress) Centrica plc announced the sale of Spirit Energy Limited’s remaining 15% interest in the Cygnus gas field1, and all other producing assets in the Greater Markham Area2 and Southern North Sea3, to Serica Energy plc . The total value of the transaction to Spirit Energy...