(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...
(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...