(Oilandgaspress) CB&I today announced that it has entered into a sale agreement to acquire Petrofac’s Asset Solutions business, a leading provider of operations, maintenance and decommissioning services for onshore and offshore energy assets. The acquisition strengthens CB&I’s portfolio with a complementary reimbursable contracting model business,...
London, December 22, 2025, (Oilandgaspress) –Venezuela’s National Assembly on Tuesday approved a measure that criminalizes a broad range of activities that can hinder navigation and commerce in the South American country, such as the seizure of oil tankers. The bill — introduced, debated and approved within...
(Oilandgaspress) CNOOC Limited announced that the Company has made a major oilfield discovery of Qinhuangdao 29-6 in the shallow Neogene formations of the Bohai Sea, which adds over a hundred million tons of oil equivalent in-place. Qinhuangdao 29-6 Oilfield is located in central Bohai Sea. The main oil-bearing...
(Oilandgaspress) –Castrol, bp has reached an agreement to sell a 65% shareholding in Castrol to Stonepeak, at an enterprise value of $10.1 billion. This represents an implied EV / LTM EBITDA of around 8.6x reflecting the strength of the business and future growth potential. The...
U.S. Rig Count is up 3 from last week to 545 with oil rigs up 3 to 409, gas rigs unchanged at 127 and miscellaneous rigs unchanged at 9.Canada Rig Count is down 67 from last week to 118, with oil rigs down 60 to...
(Oilandgaspress) Baidu on Monday announced that a pilot of its Apollo Go robo-ride service will take place in London sometime in the first half of 2026, with help from Uber.Backed by hundreds of millions of autonomous kilometers, and a global footprint in 22 cities —...
(Oilandgaspress) Eni continues as a Premium Partner of the Milano Cortina 2026 Olympic and Paralympic Winter Games with the aim of supporting this major Italian event also through sustainability-related initiatives aimed at reducing greenhouse gas (GHG) emissions. Eni aims to achieve carbon neutrality by 2050, and...
(Oilandgaspress) Vestas says the following orders are part of our Q4 order intake: CountryRegionCustomerProject nameMWTurbine variantService agreementDelivery & commissioningGermanyEMEAWindkraft Presen-Burgstaaken GmbH & Co. KGPresen-Burgstaaken437 x V162-6.2 MW20-year AOM 5000 Service AgreementDelivery planned to begin in Q1 2027; commissioning scheduled to begin in Q2 2027GermanyEMEAProjekt Projektierungsgesellschaft für...
January 6, 2026(Oilandgaspress) TechnipFMC announced today that Doug Pferdehirt, Chair and Chief Executive Officer, will speak at the Goldman Sachs Energy, CleanTech & Utilities Conference 2026 on Tuesday, January 6, 2026, at 1:40 p.m. ET in Aventura, FL. Information Source: Read More ...
(Oilandgaspress) –AMEA Power together with Kyuden International Corporation of Japan, today announced a partnership with the International Finance Corporation (IFC) and other partners to deliver a large-scale solar PV and battery energy storage project, supporting Egypt’s energy security and power system resilience. With a total project...
(Oilandgaspress) –Glencore has reportedly agreed to acquire a majority stake in Dutch fuel supplier FincoEnergies for an undisclosed sum, the Dutch company said on Monday. Glencore will use the deal to expand its footprint in Northwest European fuel markets, industry sources said. Finco is a major...
London, December 22, 2025, (Oilandgaspress) –Glencore Peru Holding, a Peruvian entity controlled by Glencore, has announced the acquisition of 100% of the shares of Compañía Minera Quechua S.A., including full ownership of the Quechua copper project located in Espinar, Cusco. “The addition of the Quechua project...