(Oilandgaspress) Occidental announced it has completed the sale of its chemical business, OxyChem, to Berkshire Hathaway (NYSE: BRK.A, BRK.B) for $9.7 billion in cash, subject to customary purchase price adjustments. As previously disclosed, an Occidental subsidiary, Environmental Resource Holdings, LLC (ERH), has retained OxyChem’s legacy tort...
(Oilandgaspress) Petrobras celebrates , on January 5th , the 20th anniversary of the Santos Basin Unit (BS) , a historic milestone in oil and gas production in the Brazilian pre-salt layer. To celebrate this trajectory, the Petrobras Santos Basin Space will be inaugurated on January...
(Oilandgaspress) Petrobras and Vale have signed a contract for the supply of diesel to the mining company's operations in Minas Gerais . The agreement involves the supply of S10 diesel , produced by Petrobras, with the addition of the mandatory biodiesel component, currently at 15%....
(Oilandgaspress) Eni announces that, as of January 1, 2026, the business branch of the Refining Evolution & Transformation unit has been transferred to the new company Eni Industrial Evolution S.p.A., which will aim to ensure the management of traditional assets (refineries and depots) in Europe...
(Oilandgaspress) KBR announced it has been awarded a Technical Support Services Contract (TSSC) by the U.S. Geological Survey (USGS), with a $350 million ceiling, to deliver advanced technical solutions for the Earth Resources Observation and Science (EROS) Center in Sioux Falls, South Dakota. The award...
(Oilandgaspress) TechnipFMC has been awarded a large(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by bp for its greenfield Tiber development in the Gulf of America. This direct award leverages the engineering and equipment in progress for bp’s first 20,000 psi (20K) Paleogene project, Kaskida,...
(Oilandgaspress) Baker Hughes announced the successful closing of the sale of its Precision Sensors & Instrumentation (PSI) product line to Crane Company . PSI includes the Druck, Panametrics and Reuter-Stokes brands, and the Company had announced the divesture in July 2025. With the recently announced formation...
(Oilandgaspress) – Nigerian National Petroleum Company Limited (NNPC Ltd.) announced the successful restoration of the Escravos–Lagos Pipeline System (ELPS) in Warri, Delta State. Following the unexpected explosion on December 10, 2025, we immediately activated our emergency response, deployed coordinated containment measures, and worked tirelessly with...
(Oilandgaspress) Vestas has received an order totalling 102 MW for two wind projects in Italy from long-standing partner Edison. The projects form part of a broader 400 MW frame agreement, with the remaining capacity to be confirmed and announced as it becomes firm and unconditional.The...
(Oilandgaspress) Hyundai Motor Group announced key executive appointments in its Software and IT divisions, underscoring its commitment to advancing as a software defined mobility group. Eunsook Jin, Executive Vice President and Head of ICT Management Division, has been promoted to President, effective January 1st, 2026....
(Oilandgaspress) Hyundai Motor Group (the Group) has reaffirmed its global leadership in automotive safety by securing a combined 21 TOP SAFETY PICK (TSP) and TOP SAFETY PICK+ (TSP+) awards in the 2025 Insurance Institute for Highway Safety (IIHS) evaluations ¬— the highest total among automotive...
(Oilandgaspress) One challenge that Renault set itself at the beginning of 2025 was to drive an electric vehicle more than 1,000 km, with a battery the same size as Scenic's, at realistic motorway speeds, without stopping to charge. The first attempt was scheduled in October...