Strengthens Supervisory BoardLondon, December 12, 2025, (Oilandgaspress) ––Mercedes-Benz Group AG announces upcoming changes to its Supervisory Board. Katharina Beumelburg and Rashmi Misra will be proposed for election to the Supervisory Board at the 2026 Annual General Meeting. They will succeed Dame Polly Courtice and Prof....
London, December 12, 2025, (Oilandgaspress) ––TechnipFMC has been awarded a sizeable contract for Subsea 2.0® production systems by Chevron for the Gorgon Stage 3 brownfield project. This contract marks the introduction of the first 7-inch series of Subsea 2.0® horizontal subsea trees. In addition, TechnipFMC will...
Strategic entry into offshore AngolaLondon, December 12, 2025, (Oilandgaspress) ––BW Energy has in a consortium with Maurel & Prom signed an agreement to acquire a combined 20% non-operated interest in Block 14 and 10% in Block 14K offshore Angola from Azule Energy. Within this transaction,...
Plans to impose an effective ban on selling new cars with combustion engines in the European Union have been abandoned, a senior EU lawmaker told German mass tabloid Bild on Thursday. Instead, there will be more flexible rules to achieve a reduction in carbon dioxide emissions...
London, December 11, 2025, (Oilandgaspress) –––Oil Prices Drop as Ukraine reported its SBU drones struck Russian oil infrastructure in the Caspian Sea for the first time, targeting Lukoil-linked assets expandingthe conflict’s energy front. Oil and Gas BlendsUnitsOil PriceChangeCrude Oil (WTI) OilpriceUSD/bbl$57.40DownCrude Oil (Brent)USD/bbl$61.07DownBonny Light 11/12/25 CBNUSD/bbl$63.74DownDubaiUSD/bbl$62.74DownNatural GasUSD/MMBtu$4.23DownMurbanUSD/bbl$62.20DownOPEC...
London, December 11, 2025, (Oilandgaspress) ––Eni's Board of Directors, chaired by Giuseppe Zafarana, today approved the possible issue of one or more hybrid subordinated bonds, to be placed with institutional investors, with a value up to a maximum aggregate amount of 1 billion euro, to...
London, December 11, 2025, (Oilandgaspress) ––Serica Energy Plc announced that, following receipt of NSTA consent for change of control, the acquisition of PUL from Prax Exploration & Production has now completed.Serica has settled the consideration of £14.5 million ($18.9 million) for the acquisition, and has...
London, December 11, 2025, (Oilandgaspress) ––Great British Energy (GBE) has today launched a landmark initiative to strengthen the UK’s clean energy industry and secure long-term economic growth. The £1 billion Energy Engineered in the UK (EEUK) programme will mobilise public and private investment to unlock critical...
Atlantis Drill Center 1 expansion in US Gulf of America supports bp’s strategy to grow the upstream business. London, December 11, 2025, (Oilandgaspress) ––bp successfully delivered first oil from the Atlantis Drill Center 1 expansion project in the US Gulf of America, its seventh upstream major...
London, December 11, 2025, (Oilandgaspress) ––Waymo says its autonomous ride-hailing service delivered more than 14 million fully driverless trips in 2025, tripling last year’s total and putting the company on track to exceed 20 million lifetime rides by year-end. The company reached a major milestone...
London, December 11, 2025, (Oilandgaspress) ––The Drax Power Station site comprises over 1,000 acres and 4GW of capacity and grid access, with 2.6GW of active dispatchable generation, cooling systems, and proximity to the UK fibre network. The Group is focused on options to maximise value from...
London, December 11, 2025, (Oilandgaspress) ––Archer Aviation revealed its plans for a Miami metropolitan area based air taxi network designed to transform how residents and visitors move across one of the nation’s fastest growing regions. Archer’s goal is to connect major population and business...