Volvo Trucks continues to excel in Euro NCAP’s safety ratings with yet another test awarding Volvo FM with the maximum result of five stars. Seven Volvo truck models have now received a five-star rating from Euro NCAP, emphasizing Volvo’s no-compromise focus on safety. The latest...
Odfjell announces that it has signed agreements to purchase four 40,000 dwt fully stainless-steel vessels to be built at Kitanihon Shipbuilding in Japan. The vessels will be purchased from a Japanese shipowner upon completion and are scheduled for delivery from 1Q 2027 until 2Q 2029....
(Oilandgaspress) US President Donald Trump has invoked the Defense Production Act (DPA) to accelerate domestic oil and gas development, directing federal support toward upstream production, refining and critical energy infrastructure. In two presidential determinations issued April 20, the administration said expanded U.S. energy capacity is essential...
(Oilandgaspress) -– KBR announced today its Mission Technology Solutions division entered a strategic alliance with AI-driven defense tech company Tagup to accelerate the delivery of advanced AI solutions across U.S. military operations, modernizing readiness and using digital tools for analyzing data that provides outputs for...
(Oilandgaspress) Iran has warned the world that it cannot and would not guarantee safe passage through the Strait of Hormuz if the United States continues to attempt to restrict Tehran’s oil exports.“The security of the Strait of Hormuz is not free. One cannot restrict Iran’s...
(Oilandgaspress) -– Eni announces a new giant gas discovery made by the Geliga‑1 exploration well, drilled in the Ganal block in the Kutei Basin, offshore Indonesia, approximately 70 km from the East Kalimantan coast. Preliminary estimates indicate in-place resources of approximately 5 trillion cubic feet...
(Oilandgaspress) -– Repsol has signed an agreement with the Venezuelan Ministry of Hydrocarbons and the state-owned company Petróleos de Venezuela (PDVSA), subject to conditions being met, that will allow it to increase production of oil at Petroquiriquire (60% PDVSA, 40% Repsol), ensure payment mechanisms, and...
U.S. Rig Count is down 2 from last week to 543 with oil rigs down 1 to 410, gas rigs down 2 to 125 and miscellaneous rigs up 1 to 8.Canada Rig Count is down 5 from last week to 130 with oil rigs down...
(Oilandgaspress) -– XPeng Group released its " 2025 Environmental, Social and Governance Report" (hereinafter referred to as the "ESG Report"), comprehensively showcasing its actions and achievements in the field of sustainable development over the past year. In 2025, XPeng Group not only upgraded its corporate...
(Oilandgaspress) A senior Iranian official reportedly told Reuters that transit through the strait of Hormuz will be through ‘designated safe lanes’ which Iran deems safe for maritime navigation.Stocks have opened higher in New York, with the Dow Jones industrial average jumping by 578 points, or...
(Oilandgaspress) United States announced tighter sanctions on Iran’s oil sector as tensions escalate over Tehran’s continued closure of the Strait of Hormuz. “Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) intensified pressure on Iran’s illicit oil transportation infrastructure by sanctioning more than...
(Oilandgaspress) -– The reductions have been realized through extensive energy efficiency and decarbonization upgrades on Trans Sol and Trans Hav, two large cargo vessels operated by Sea‑Cargo and used by Hydro to transport low‑carbon aluminium products from Norway to customers in Europe. The initiative contributes towards...