(Oilandgaspress) Watson Farley & Williams (“WFW”) advised VPI on securing a loan facility from a syndicate of UK and international banks to refinance existing debt for its UK combined combustion gas turbine portfolio of over 2GW, including plants at Damhead Creek, Rye House, Shoreham and...
(Oilandgaspress) INEOS Energy (21% WI) has announced a new oil Norphlet discovery in the Gulf of America. The Shell (79% WI) operated well, Nashville, marks INEOS' first successful exploration well in the region. The Nashville exploration well was drilled more than five miles beneath the seabed and confirmed...
(Oilandgaspress) Harbour Energy announced that it has entered into an agreement to acquire substantially all the subsidiaries of Waldorf Energy Partners Ltd and Waldorf Production Ltd, currently in administration, for $170 million1. The consideration will be funded through readily available sources of liquidity. The acquisition is...
(Oilandgaspress) Harbour announces that it has entered into an agreement to acquire LLOG Exploration Company LLC ("LLOG") from LLOG Holdings LLC for $3.2 billion (the “Acquisition”), comprising $2.7 billion of cash and $0.5 billion of Harbour’s voting ordinary shares. The Acquisition marks Harbour’s strategic entry...
London, December 22, 2025, (Oilandgaspress) –Oil prices rose after Donald Trump intensified a blockade on Venezuela, with U.S. forces boarding one tanker and pursuing another just weeks after seizing a vessel. Venezuela condemned the latest boarding on Saturday. CNOOC Limited today announced that Xijiang Oilfields 24...
London, December 20, 2025, (Oilandgaspress) –Takeover speculation is set to resume at BP as a ban on Shell bidding for its oil and gas rival ends on Boxing Day. BP remains a target despite last week dramatically hiring its first outsider as chief executive...
(Oilandgaspress) Porsche has always seen itself as part of society and embraces this responsibility. That is why numerous charitable initiatives were supported again in 2025. Even in challenging times, the sports car manufacturer considers it essential to engage socially. CEO Dr. Oliver Blume and Board...
(Oilandgaspress) Starting with Paris Fashion Week® Menswear Fall/Winter 2026-2027, Mercedes‑Benz will join the Fédération de la Haute Couture et de la Mode (FHCM) as its exclusive mobility partner. The iconic three-pointed star brand will provide a fleet of luxury vehicles, delivering an elevated mobility experience...
(Oilandgaspress) Aramco Europe showcased its growing use of polymers and nonmetallic materials in next-generation energy projects at two UK industry events in London and Cambridge. The company highlighted how polymers reduce corrosion, improve durability and perform better in harsh environments, helping extend asset lifecycles and...
(Oilandgaspress) Aramco Europe and Orion Valves have celebrated the Guinness World Records certification of the largest wedge gate valve ever built. The feat was marked at an event held at the Trieste headquarters of the Italian valve manufacturer, which was attended by some 600 participants, including...
(Oilandgaspress) ADNOC has signed a $2 billion (AED 7.34 billion) green financing agreement backed by Korea Trade Insurance Corporation (K-SURE) to fund lower carbon projects across its operations. The deal reinforces ADNOC’s ambition to integrate sustainable finance into its growth plans. The agreement was announced...
(Oilandgaspress) Lamborghini presents The Dinner, the 2025 Christmas video celebrating its employees and their stories. Each year Automobili Lamborghini creates a Christmas video to express, through a narrative language, its core values and beliefs and in recent years, exploring meaningful social themes that closely reflect...