Plans to impose an effective ban on selling new cars with combustion engines in the European Union have been abandoned, a senior EU lawmaker told German mass tabloid Bild on Thursday. Instead, there will be more flexible rules to achieve a reduction in carbon dioxide emissions...
London, December 11, 2025, (Oilandgaspress) –––Oil Prices Drop as Ukraine reported its SBU drones struck Russian oil infrastructure in the Caspian Sea for the first time, targeting Lukoil-linked assets expandingthe conflict’s energy front. Oil and Gas BlendsUnitsOil PriceChangeCrude Oil (WTI) OilpriceUSD/bbl$57.40DownCrude Oil (Brent)USD/bbl$61.07DownBonny Light 11/12/25 CBNUSD/bbl$63.74DownDubaiUSD/bbl$62.74DownNatural GasUSD/MMBtu$4.23DownMurbanUSD/bbl$62.20DownOPEC...
London, December 11, 2025, (Oilandgaspress) ––Eni's Board of Directors, chaired by Giuseppe Zafarana, today approved the possible issue of one or more hybrid subordinated bonds, to be placed with institutional investors, with a value up to a maximum aggregate amount of 1 billion euro, to...
London, December 11, 2025, (Oilandgaspress) ––Serica Energy Plc announced that, following receipt of NSTA consent for change of control, the acquisition of PUL from Prax Exploration & Production has now completed.Serica has settled the consideration of £14.5 million ($18.9 million) for the acquisition, and has...
London, December 11, 2025, (Oilandgaspress) ––Great British Energy (GBE) has today launched a landmark initiative to strengthen the UK’s clean energy industry and secure long-term economic growth. The £1 billion Energy Engineered in the UK (EEUK) programme will mobilise public and private investment to unlock critical...
Atlantis Drill Center 1 expansion in US Gulf of America supports bp’s strategy to grow the upstream business. London, December 11, 2025, (Oilandgaspress) ––bp successfully delivered first oil from the Atlantis Drill Center 1 expansion project in the US Gulf of America, its seventh upstream major...
London, December 11, 2025, (Oilandgaspress) ––Waymo says its autonomous ride-hailing service delivered more than 14 million fully driverless trips in 2025, tripling last year’s total and putting the company on track to exceed 20 million lifetime rides by year-end. The company reached a major milestone...
London, December 11, 2025, (Oilandgaspress) ––The Drax Power Station site comprises over 1,000 acres and 4GW of capacity and grid access, with 2.6GW of active dispatchable generation, cooling systems, and proximity to the UK fibre network. The Group is focused on options to maximise value from...
London, December 11, 2025, (Oilandgaspress) ––Archer Aviation revealed its plans for a Miami metropolitan area based air taxi network designed to transform how residents and visitors move across one of the nation’s fastest growing regions. Archer’s goal is to connect major population and business...
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...