Global markets continues to brace itself for seemingly unending disruption to energy supplies. As the U.S. continues to tighten its naval blockade of Venezuela with the seizure of a second oil tanker and the pursuit of a third While Ukrainian drone intensifies strikes on Russian...
(Oilandgaspress) Baker Hughes received a Full Notice To Proceed from Technip Energies on behalf of Commonwealth LNG to supply primary liquefaction equipment for Commonwealth LNG’s 9.5 million tonnes per annum (MTPA) export facility currently under development in Cameron, Louisiana. The award, which includes six refrigerant turbo...
(Oilandgaspress) OMV Petrom together with Complexul Energetic Oltenia (CE Oltenia), announced the photovoltaic projects have entered into the construction phase. Located in Ișalnița, Tismana, and Rovinari, the parks will have a total installed capacity of approximately 550 MW. The four parks are expected to become operational in...
(Oilandgaspress) Hyundai Motor Group (the Group) today released a teaser image previewing its upcoming participation at CES 2026, where it will unveil its Group-level AI Robotics Strategy under the theme, ‘Partnering Human Progress.’ Detailed announcements about the Group’s AI Robotics Strategy will be presented during Hyundai...
(Oilandgaspress) Hyundai Motor Company has announced the debut of the Hyundai ELANTRA N TCR in the globally renowned racing simulation game, Gran Turismo 7.This announcement, made during the Gran Turismo World Series 2025 World Final at Fukuoka International Congress Center, commemorates a decade of successful...
(Oilandgaspress) Prysmian and Versalis, Eni’s chemical company, have signed a strategic partnership to give new life to plastic cable scrap, through an innovative chemical recycling process, developing a dedicated supply chain. Following this agreement, Prysmian will collect plastic scrap from its own production as well as...
(Oilandgaspress) Severn Group, one of Britain’s longest-established valve manufacturers, today announced that it has been acquired for $480 million dollars by Valmet, a Finland-listed global industrial leader. Contour Holdings International Limited, known as “Severn Group,” is the holding corporation for Severn Glocon, ValvTechnologies and LB...
(Oilandgaspress) Watson Farley & Williams (“WFW”) advised VPI on securing a loan facility from a syndicate of UK and international banks to refinance existing debt for its UK combined combustion gas turbine portfolio of over 2GW, including plants at Damhead Creek, Rye House, Shoreham and...
(Oilandgaspress) INEOS Energy (21% WI) has announced a new oil Norphlet discovery in the Gulf of America. The Shell (79% WI) operated well, Nashville, marks INEOS' first successful exploration well in the region. The Nashville exploration well was drilled more than five miles beneath the seabed and confirmed...
(Oilandgaspress) Harbour Energy announced that it has entered into an agreement to acquire substantially all the subsidiaries of Waldorf Energy Partners Ltd and Waldorf Production Ltd, currently in administration, for $170 million1. The consideration will be funded through readily available sources of liquidity. The acquisition is...
(Oilandgaspress) Harbour announces that it has entered into an agreement to acquire LLOG Exploration Company LLC ("LLOG") from LLOG Holdings LLC for $3.2 billion (the “Acquisition”), comprising $2.7 billion of cash and $0.5 billion of Harbour’s voting ordinary shares. The Acquisition marks Harbour’s strategic entry...
London, December 22, 2025, (Oilandgaspress) –Oil prices rose after Donald Trump intensified a blockade on Venezuela, with U.S. forces boarding one tanker and pursuing another just weeks after seizing a vessel. Venezuela condemned the latest boarding on Saturday. CNOOC Limited today announced that Xijiang Oilfields 24...