UK vehicle production fell by -14.3% in November with 65,932 units leaving factory lines, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). The decline was driven by a slight reduction in car output, down -1.7% to 63,126...
UK vehicle manufacturing fell for a fourth consecutive month in November, reflecting factory retooling for EVs, production disruptions and consolidation in van manufacturing, according to new SMMT data. Despite the slowdown, industry confidence is growing, with a return to growth expected in 2026. A key...
Vestas is proud to announce the following order as part of our Q4 order intake: CountryRegionCustomerProject nameMWTurbine variantService agreementDelivery & commissioningAustraliaAPACUndisclosedUndisclosed20533 x V162-6.2 MW30-years AOM 5000 Service AgreementDelivery and Commissioning in 2027 Information Source: Read More ...
(Oilandgaspress) Saab has received an order from the Swedish Defence Materiel Administration, FMV, to support the future development of the Gripen system. The order relates to operations during 2026-2028. The order value is approximately SEK 2.5 billion. The order from FMV enables continued development of the...
(Oilandgaspress) Iberdrola has reached an agreement to acquire 100% of the Ararat Wind Farm, located in the state of Victoria, Australia, from Partners Group and OPTrust. The project, with an installed capacity of 242 MW, has been operational since 2017. The asset sells most of its...
U.S. Rig Count is down 6 from last week to 542 with oil rigs down 8 to 406, gas rigs unchanged at 127 and miscellaneous rigs up 2 to 9.Canada Rig Count is down 7 from last week to 185, with oil rigs down 4...
Saab has received an order for a Sirius passive sensor system for SIGINT (Signals Intelligence) and surveillance, including related services from a European NATO-country. The order value is approximately EUR 130 million and deliveries will take place until 2030. Sirius sensor solutions provide the end user...
EU Scientists Turn Tomato Waste into Sustainable Jet Fuel European researchers, coordinated by TU Graz in Austria, have launched the ToFuel initiative to convert tomato processing residues into sustainable aviation fuel (SAF). The four-year EU-backed project aims to develop a waste-free, climate-neutral biorefinery. By-products of the process will...
Britain has imposed new sanctions targeting 24 individuals and entities linked to Russia, including its largest remaining unsanctioned oil companies: Tatneft, Russneft, NNK-Oil, and Rusneftegaz. The measures also target Canadian-Pakistani billionaire Murtaza Lakhani. This action aims to tighten pressure on Moscow over the Ukraine war and make...
(Oilandgaspress) Toyota Motor Corporation aims to begin introducing three models produced in the United States―the Camry sedan, Highlander SUV, and Tundra pickup truck―to the Japanese market from 2026. By selling these three popular American models in Japan, Toyota will be able to meet the diverse...
(Oilandgaspress) Subsea 7 S.A. announced the award of a sizeable1 extension of an existing frame agreement by Equinor for subsea inspection, maintenance and repair services (IMR), for vessel Seven Viking.This is the latest extension to the frame agreement, first signed in 2018. Under the terms...
London, December 19, 2025, (Oilandgaspress) –BP's appointment of Meg O’Neill as its next chief executive from April, signalled a strategic pivot back toward oil and gas. Backed by new chairman Albert Manifold and activist investor Elliott Management, the move reflects BP’s retreat from green energy...