(Oilandgaspress) On January 6, XPeng Motors and the Guangdong Branch of the Industrial and Commercial Bank of China (ICBC) signed a strategic cooperation agreement at the XPeng Science and Technology Park. According to the agreement, the Guangdong branch of the Industrial and Commercial Bank of China...
(Oilandgaspress) U.S.WTI for February rose 9 cents, or 0.15%, to $59.53 a barrel. That contract expires on Tuesday and the more active March contract was at $59.39, up 5 cents, or 0.08%.Crude stocks were up by 3.4 million barrels in the week ended January 9,...
(Oilandgaspress) ENGIE has achieved a new milestone in its India growth journey by winning its first hybrid project, combining 200 MW of solar PV with a 100 MW / 600 MWh Battery Energy Storage System (BESS). Awarded under SECI’s (Solar Energy Corporation of India) national...
(Oilandgaspress) ENGIE and Masdar have reached financial close on the 1.5-gigawatt (GW) Khazna Solar PV project, located between Abu Dhabi and Al Ain. This milestone marks a turning point in one of the region’s largest solar projects and ENGIE’s largest photovoltaic plant worldwide. The project, awarded...
(Oilandgaspress) Calls are reportedly growing louder for the European Union to deploy its trade bazooka against the United States after President Trump said he would impose fresh tariffs on Denmark and its European allies until it agrees to sell Greenland in an unprecedented escalation. European leaders...
Mitsubishi Corporation announced that, at a meeting of the Board of Directors held on January 16, 2026, it resolved to acquire all equity interests in Aethon III LLC, Aethon United LP, and related entities and interests (collectively, “Aethon”). In connection with this acquisition, the Company will...
(Oilandgaspress) U.S. Rig Count is down 1 from last week to 543 with oil rigs up 1 to 410, gas rigs down 2 to 122 and miscellaneous rigs unchanged at 11.Canada Rig Count is up 29 from last week to 226 with oil rigs up...
Mitsubishi Corporation (“MC”) has agreed to acquire all equity interests in Aethon III LLC, Aethon United LP, and related entities and interests (collectively “Aethon”). This transaction marks MC’s entry into the U.S. shale gas business across the value chain, from upstream ownership through domestic sales...
(Oilandgaspress) Reliance is entering a new phase of value creation with its initiatives in the AI and New Energy domains. Quarterly Performance (3Q FY26 vs 3Q FY25) Gross Revenue increased by 10.0% Y-o-Y to ₹ 293,829 crore ($ 32.7 billion) JPL revenue increased by 12.7% Y-o-Y led...
(Oilandgaspress) Japan's Ministry of Economy, Trade and Industry (METI) has awarded its first international low-carbon ammonia projects under the government's hydrogen Contract-for-Difference (CfD) scheme, marking a pivotal shift from small-scale domestic projects to large-scale international supply chains, according to Wood Mackenzie. The two projects, led by...
(Oilandgaspress) A wave of new liquefied natural gas (LNG) supply could reverse a decade of European industrial decline, cutting annual energy costs by €39 billion by 2032 and delivering cumulative savings of €180 billion, equivalent to 1% of EU’s current GDP according to Wood Mackenzie's...
(Oilandgaspress) Oil prices were slightly up on Friday with both Brent and U.S. West Texas Intermediate up a few cents after the likelihood of a U.S. strike on Iran receded.on Thursday, US President announced that Tehran's crackdown on the protesters was easing, allaying worries over...