(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...
(Oilandgaspress) -– With the world premiere of the first all-new electric C‑Class on 20 April 2026, Mercedes-Benz is once again redefining the segment. Shaped by extensive customer feedback, it is the best and sportiest C-Class ever. Uncompromisingly engineered around the driver, it raises performance and...
(Oilandgaspress) -– Stellantis and Microsoft announced a five‑year strategic collaboration aimed at accelerating Stellantis’ digital transformation through the co‑development of advanced AI, cybersecurity and engineering capabilities. Building on a longstanding alliance, this collaboration will bring together Stellantis’ automotive engineering expertise, multi-brand scale and global operations with...
(Oilandgaspress) -– Eni S.p.A. and CDP Equity S.p.A., in view of Saipem S.p.A. Shareholders’ Meeting convened for 12 May 2026, on single call, to resolve, inter alia, on the appointment of the Statutory Auditors, will present a joint slate, as required by the current Shareholders’...
(Oilandgaspress) -– Eni Ghana, together with its OCTP partners - Vitol Upstream Ghana Ltd (Vitol) and the Ghana National Petroleum Corporation (GNPC) – has launched today a livelihood enhancement program to strengthen artisanal canoe fishing, targeting over 1,000 verified canoe owners across 14 coastal districts...