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...
(Oilandgaspress) SSE is marking a significant milestone in the delivery of its industry-leading initiative supporting communities across the UK and Ireland, as it celebrates investing more than £100,000 through its Thermal Community Benefit Fund. Supporting around 70 projects from Guides groups and hedgehog rescue organisations to...
(Oilandgaspress) TechnipFMC has been awarded a substantial Engineering, Procurement, Construction, and Installation contract by Eni S.p.A. for the Coral North development, the second floating liquefied natural gas (FLNG) project offshore Mozambique, in water depths of approximately 2,000 meters. Jonathan Landes, President, Subsea for TechnipFMC, commented: “We...
(Oilandgaspress) Hyundai Motor Group (the Group) today announced executive appointments for 2026 to accelerate its transformation into a software-driven mobility group and strengthen its leadership in core technology and R&D. Appointments to accelerate transformation into a software-driven mobility group⋯ Manfred Harrer promoted to President and Head...
(Oilandgaspress) Stellantis Pro One will showcase its full professional lineup at the 102nd Brussels Motor Show, alongside major new developments in micromobility and customization. Key Highlights: European Debut of Fiat Professional TRIS – A fully electric three-wheeler designed for urban mobility and last-mile delivery, combining compact dimensions...
(Oilandgaspress) The new Opel Astra and Astra Sports Tourer will celebrate their world premieres at the 102nd edition of the international motor show. The compact class bestsellers ‘made in Germany’ are sharper and more technical than ever, featuring the permanently illuminated Opel Blitz in the...
(Oilandgaspress) Mercedes-Benz and Dubai-based developer Binghatti announce their second branded real-estate collaboration: Mercedes‑Benz Places | Binghatti City. Planned in the Meydan area of Dubai, the project marks Binghatti’s first masterplanned community and extends Mercedes‑Benz Places into a multi‑tower district of 9 million square feet. The...
(Oilandgaspress) Subsea 7 S.A. announced the award of a large1 contract by ConocoPhillips Skandinavia AS (ConocoPhillips) for the Previously Produced Fields (PPF) development, offshore Norway.Subsea7’s scope covers engineering, procurement, construction and installation (EPCI) of subsea structures, umbilicals, risers and flowlines (SURF). It follows the...
(Oilandgaspress) Abu Dhabi National Oil Company (ADNOC) in partnership with Eni S.p.A. and PTT Exploration and Production Public Company Limited (“PTTEP”), today announced the successful signing of a landmark structured financing transaction of up to $11 billion (AED 40.4 billion), to monetize Hail and...