London, December 11, 2025, (Oilandgaspress) ––Norway’s DNO ASA has crossed 500 million barrels of cumulative production from the Tawke license in the Kurdistan region and is restarting drilling after a 2.5-year pause. Two rigs have been mobilized to drill eight wells through 2026, aiming to...
London, December 11, 2025, (Oilandgaspress) ––Equinor, Vår Energi and Petoro will invest just over NOK four billion in the first discovery tied back to the Johan Castberg field in the Barents Sea. The decision was made eight months after Johan Castberg came on stream. Recoverable oil...
London, December 10, 2025, (Oilandgaspress) –––Communities across Scotland, Wales and Northern Ireland are set to benefit from an expanded renewable energy investment package from publicly owned Great British Energy. The company, which recently committed to supporting more than 1,000 local and community energy projects over...
London, December 10, 2025, (Oilandgaspress) ––Mercedes-Benz and Momenta are pioneering a new era of automated driving with the introduction of an SAE-Level 4 robotaxi experience. The car manufacturer along with its ADAS partner for China has just announced a driverless shuttle service using the new...
London, December 10, 2025, (Oilandgaspress) ––Vertical Aerospace (NYSE: EVTL), today announced plans with Skyports Infrastructure (Skyports) and Bristow Group (NYSE: VTOL), to launch the UK’s first electric air-taxi routes between Canary Wharf and major transport hubs. Proposed routes to and from Canary Wharf at launch...
London, December 10, 2025, (Oilandgaspress) ––Vertical Aerospace has revealed Valo, its next-generation electric vertical take-off and landing (eVTOL) aircraft designed to redefine urban air mobility. The new commercial eVTOL aircraft will enter into service following regulatory approval. Valo is the aircraft that succeeds Vertical’s VX4 prototype...
the DoC has become one of the most significant and long-running collaborative frameworks in the global energy sector. ...
London, December 10, 2025, (Oilandgaspress) ––Watson Farley & Williams advised Borr Drilling Limited on its US$360m acquisition of five premium jack-up rigs from Noble Corporation Plc, comprising three Friede & Goldman JU-3000N design rigs and two Gusto MSC CJ50 design rigs. The acquisition is expected...
London, December 10, 2025, (Oilandgaspress) –––WTI Crude (January Contract) US$58.58 Oil and Gas BlendsUnitsOil PriceChangeCrude Oil (WTI) OilpriceUSD/bbl$58.39DownCrude Oil (Brent)USD/bbl$62.05DownBonny Light 05/12/25 CBNUSD/bbl$65.77--DubaiUSD/bbl$63.35DownNatural GasUSD/MMBtu$4.55DownMurbanUSD/bbl$63.58DownOPEC basket 09/12/25 OPECUSD/bbl$62.39DownAt press time December 10, 2025 . Summary of Weekly Petroleum Data for the week ending November 28, 2025U.S. commercial crude...
London, December 10, 2025, (Oilandgaspress) ––The NNPC/Heirs Energies OML 17 Joint Venture today advanced Nigeria’s gas commercialisation and environmental stewardship agenda with the symbolic signing of Gas Flare Commercialisation Agreements under the Nigerian Gas Flare Commercialisation Programme (NGFCP) and approved Non-NGFCP frameworks. The ceremony marks a...
London, December 10, 2025, (Oilandgaspress) ––NNPC E&P Limited (NEPL), the upstream arm of NNPC Ltd., achieved a major milestone on December 1, 2025, reaching 355,000 barrels of oil per day — its highest daily output in 36 years. The company’s average production has risen sharply, climbing...
London, December 10, 2025, (Oilandgaspress) ––Hystar AS announced a strategic collaboration with McDermott to develop a comprehensive 100-megawatt (MW) green hydrogen plant design. This collaboration marks a significant milestone in Hystar’s mission to accelerate global deployment of its large-scale green hydrogen solution. Under the agreement,...