(Oilandgaspress) –Chevron has lowered prices for Venezuelan crude sold to U.S. refiners following the seizure of a tanker by U.S. forces in the Caribbean and amid softer global oil prices. The discounted sale occurred a day after the vessel Skipper was intercepted off Venezuela’s coast,...
Sharpens EV and hybrid strategy, cuts larger EV plans(Oilandgaspress) Ford is refocusing its Ford+ strategy by redeploying capital toward higher-return opportunities, including expanding trucks, vans and launching a new battery energy storage business. The automaker will drop plans for select larger electric vehicles, citing weaker...
(Oilandgaspress) Enel Green Power Germany GmbH has closed the acquisition of a portfolio consisting of two onshore wind farms in Germany with a total installed capacity of 51 MW. The transaction contributes approximately €10m per year to the Group's ordinary EBITDA through a tariff regulated within...
MVV Energie Investments totalling more than €500 m channelled into heat transition, electricity transition and green customer solutions (Oilandgaspress) MVV Energie AG posted solid financial results despite operating in a challenging environment. Although lower wholesale prices meant that MVV’s adjusted sales of Euro 6.1 billion for the 2025 financial year (1 October 2024 to 30 September 2025) fell short of the previous year (Euro 7.2 billion), the company achieved...
(Oilandgaspress) Centrica plc announced the sale of Spirit Energy Limited’s remaining 15% interest in the Cygnus gas field1, and all other producing assets in the Greater Markham Area2 and Southern North Sea3, to Serica Energy plc . The total value of the transaction to Spirit Energy...
Vestas is proud to announce the following order as part of our Q4 order intake: CountryRegionCustomerProject nameMWTurbine variantService agreementDelivery & commissioningFinlandNCEOX2 ABKannisto12420 x V162-6.2 MW25-year AOM 5000 Service AgreementDelivery planned to begin in Q2 2027; commissioning scheduled to begin in Q3 2027FinlandNCEOX2 ABKorkeamaa10815 x V162-6.4 MW,...
(Oilandgaspress) TotalEnergies has closed an agreement to divest to PTTEP an indirect interest of 9.998% in block SK408 in Malaysia. Further to this transaction, TotalEnergies keeps a 30.002% interest in block SK408. This partnership with PTTEP in block SK408 marks a new milestone for TotalEnergies in...
(Oilandgaspress) TotalEnergies has signed a new long-term renewable power purchase agreement with Google to supply clean electricity to data centers, strengthening both companies’ commitments to decarbonisation and reliable low-carbon energy. TotalEnergies and Google have signed a 21-year Power Purchase Agreement (PPA) to supply Google with a...
(Oilandgaspress) Saft, a subsidiary of TotalEnergies for almost a decade, develops high-performance batteries that can withstand extreme conditions. From the freezing polar cold to scorching desert heat, the company's expertise has established it as a market leader. We take you to faraway places where Saft...
(Oilandgaspress) Equinor has appealed a penalty notice issued by Norway’s economic crime authority Økokrim, disputing allegations related to the case. The company said it disagrees with the assessment and will pursue the appeal through the legal process while continuing to cooperate with authorities. Equinor Mongstad received...
(Oilandgaspress) Uniper will launch the sale of its 20% stake in the regulated OPAL gas pipeline, in accordance with the European Commission’s state aid approval decision of 20th December 2022. The transaction perimeter covers 100% of the shares in Lubmin-Brandov Assets GmbH & Co. KG (“LBA...
(Oilandgaspress) Uniper Global Commodities SE and Vermilion Energy Germany GmbH & Co. KG have entered into a two-year contract for the supply of Vermilion’s natural gas production in Germany to Uniper. Under the agreement, Vermilion will sell all low and high calorific natural gas from...