(Oilandgaspress) –AMEA Power together with Kyuden International Corporation of Japan, today announced a partnership with the International Finance Corporation (IFC) and other partners to deliver a large-scale solar PV and battery energy storage project, supporting Egypt’s energy security and power system resilience. With a total project...
(Oilandgaspress) –Glencore has reportedly agreed to acquire a majority stake in Dutch fuel supplier FincoEnergies for an undisclosed sum, the Dutch company said on Monday. Glencore will use the deal to expand its footprint in Northwest European fuel markets, industry sources said. Finco is a major...
London, December 22, 2025, (Oilandgaspress) –Glencore Peru Holding, a Peruvian entity controlled by Glencore, has announced the acquisition of 100% of the shares of Compañía Minera Quechua S.A., including full ownership of the Quechua copper project located in Espinar, Cusco. “The addition of the Quechua project...
Ukraine carried out multiple strikes against Russian targets on Monday, damaging an oil terminal, pipeline, two fighter jets and two vessels, according to Ukrainian officials. Ukraine's General Staff said Monday that forces struck the Tamanneftegaz oil terminal, an ammunition storage facility and a drone launch site...
(Oilandgaspress) Mercedes-Benz Group AG and its subsidiary Mercedes-Benz USA LLC (MBUSA) have reached agreement with multiple U.S. state attorneys general to resolve civil environmental and consumer protection claims related to the emission control systems of Model Year 2009 to 2016 BlueTEC II diesel passenger cars...
(Oilandgaspress) Orrön Energy AB announced that it has entered into an agreement with Gülermak Renewables Deutschland Holding GmbH (“Gülermak”), 100% subsidiary of Gülermak Renewables Ltd to sell three solar energy development projects in Germany, with a combined estimated installed capacity of 234 MW, for a...
(Oilandgaspress) Estimates for progress and costs for the Snøhvit Future project have been updated. The project has been postponed compared to the original plan and cost estimates have increased by approximately NOK four billion since 2024. Cost estimates for the Snøhvit Future project were not ready...
(Oilandgaspress) Saab has signed an agreement and received an order from the Swedish Material Administration (FMV) for a number of the artillery locating radar Arthur including support for the Swedish Armed Forces. The order value is approximately SEK 1.1 billion and deliveries will take place...
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...