(Oilandgaspress) -– Bluepoint Wind, a 2.4GW project on the east coast from developers Ocean Winds and Global Infrastructure Partners, and Golden State Wind, a 2GW California floating wind farm also from Ocean Winds in partnership with Reventus, will get a refund on money they spent...
(Oilandgaspress) -– Reports Strong financial performance: 1Q 2026 underlying RC profit $3.2 billion; operating cash flow $2.9 billion after taking into account a $6.0 billion adjusted working capital* build(c) largely driven by the rising price environment in addition to the seasonal inventory builds. Strong upstream operations:...
(Oilandgaspress) -–Vestas has received a 186 MW order from EDF power solutions North America to supply 28 EnVentus V162-6.2 MW wind turbines and two EnVentus V162-6.0 MW wind turbines for the Forêt Domaniale wind project in Québec, Canada. The order includes a 10-year Active Output...
Hyundai topped the U.S. News and World Report 2026 Best Hybrid and Electric Cars List, with three models recognized. The Tucson Hybrid (Best Compact Hybrid SUV) and IONIQ 5 (Best Compact Electric SUV) each earned their third consecutive titles, while the IONIQ 9 secured top...
Volvo Trucks continues to excel in Euro NCAP’s safety ratings with yet another test awarding Volvo FM with the maximum result of five stars. Seven Volvo truck models have now received a five-star rating from Euro NCAP, emphasizing Volvo’s no-compromise focus on safety. The latest...
Odfjell announces that it has signed agreements to purchase four 40,000 dwt fully stainless-steel vessels to be built at Kitanihon Shipbuilding in Japan. The vessels will be purchased from a Japanese shipowner upon completion and are scheduled for delivery from 1Q 2027 until 2Q 2029....
(Oilandgaspress) US President Donald Trump has invoked the Defense Production Act (DPA) to accelerate domestic oil and gas development, directing federal support toward upstream production, refining and critical energy infrastructure. In two presidential determinations issued April 20, the administration said expanded U.S. energy capacity is essential...
(Oilandgaspress) -– KBR announced today its Mission Technology Solutions division entered a strategic alliance with AI-driven defense tech company Tagup to accelerate the delivery of advanced AI solutions across U.S. military operations, modernizing readiness and using digital tools for analyzing data that provides outputs for...
(Oilandgaspress) Iran has warned the world that it cannot and would not guarantee safe passage through the Strait of Hormuz if the United States continues to attempt to restrict Tehran’s oil exports.“The security of the Strait of Hormuz is not free. One cannot restrict Iran’s...
(Oilandgaspress) -– Eni announces a new giant gas discovery made by the Geliga‑1 exploration well, drilled in the Ganal block in the Kutei Basin, offshore Indonesia, approximately 70 km from the East Kalimantan coast. Preliminary estimates indicate in-place resources of approximately 5 trillion cubic feet...
(Oilandgaspress) -– Repsol has signed an agreement with the Venezuelan Ministry of Hydrocarbons and the state-owned company Petróleos de Venezuela (PDVSA), subject to conditions being met, that will allow it to increase production of oil at Petroquiriquire (60% PDVSA, 40% Repsol), ensure payment mechanisms, and...
U.S. Rig Count is down 2 from last week to 543 with oil rigs down 1 to 410, gas rigs down 2 to 125 and miscellaneous rigs up 1 to 8.Canada Rig Count is down 5 from last week to 130 with oil rigs down...