(Oilandgaspress) -–Hydro’s adjusted EBITDA for the first quarter of 2026 was NOK 8,668 million, down from NOK 9,516 million in the same quarter last year. Lower raw material costs, higher all in metal prices, and increased alumina and metal sales volumes, were partly offset by...
(Oilandgaspress) -–Hydro Energi AS and Statkraft have signed two long-term power purchase agreements (PPA) for the total delivery of 0.9 TWh per year in 2029 and 2030, and 1.3 TWh per year in the period from 2031 to 2038. The PPAs secure a total supply of...
(Oilandgaspress) -–Aker Solutions AS has signed a Memorandum of Understanding (MoU) with Rolls-Royce SMR Ltd within the small modular reactor (SMR) market. The MoU establishes a partnership to develop Aker Solutions’ offering of non-nuclear parts of framed modules for Rolls-Royce SMR’s portfolio, leveraging Aker Solutions’...
Strong financial performance in volatile markets – focus on operational reliability continues First quarter in brief: Comparable EBITDA totaled EUR 861 (210) million EBITDA totaled EUR 903 (200) million Renewable Products' comparable sales margin was USD 856 (310)/ton Oil Products' total refining margin was USD 23.0 (9.9)/bbl Cash flow before financing...
Vestas is proud to announce the following orders as part of our Q2 order intake: CountryRegionCustomerProject nameMWTurbine variantService agreementDelivery & commissioningGermanyEMEAUndisclosedUndisclosed50 MW7 x V172-7.2 MW20-year AOM 4000 Service AgreementDelivery planned to begin in Q2 2027; commissioning scheduled to begin in Q4 2027 ...
(Oilandgaspress) -–Delcy Rodriguez, Acting President of Bolivarian Republic of Venezuela, in the presence of the Venezuelan Minister of Hydrocarbons, Paula Henao, and the CEO of the state-owned company PDVSA, Héctor Obregón, met with Eni CEO, Claudio Descalzi, today in Caracas. Eni CEO updated the Acting...
(Oilandgaspress) -– Hydro is supplying low-carbon, recycled aluminium made from Hydro CIRCAL to the reECONIC Mercedes-Benz Trucks project, demonstrating how circular aluminium solutions can reduce emissions while keeping critical materials in continuous use in commercial vehicle manufacturing. The vehicle, based on the eEconic battery electric waste...
(Oilandgaspress) -– – POWWR, a respected energy software provider, today released its tenth Quarterly Energy Barometer Report, revealing that UK businesses are paying 9.3% more for their electricity than last quarter. The average bill of £5192 per annum is 6.3% more than this time last...
(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...