Aker b

Norway

Norwegian Oil and Gas Company Aker BP Achieves Oil Production from New Reservoir in North Sea Nine Months Ahead of Schedule

Aker BP announced that the Symra oil field in the Norwegian North Sea has commenced production. The project started nine months earlier than originally planned,…

Electric Vehicles

Spain the Frontrunner for Chinese Carmaker BYD’s Third European Plant

China’s leading automaker BYD is considering Spain as the top candidate for its third car manufacturing plant in Europe, according to people familiar with…

Electric Vehicle Charging

BMW, E.ON Offer Bidirectional EV Charging Tariff

At the International Motor Show (IAA) in Munich, German utility E.ON and carmaker BMW unveiled what they described as Germany’s first commercial vehicle-t…

Battery

New Battery Maker Builds Czech Factory With European Software

A new battery manufacturer, GAZ Energy, has been established in Bohumín, a city in eastern Czech Republic near the Polish border. The facility, launched …

Metal

Nippon Steel’s Purchase of U.S. Steel Closes, With Big Role for Trump

On Wednesday, Nippon Steel, a major Japanese steel company, completed its $14.9 billion acquisition of U.S. Steel, a historic American steelmaker based in Pitts…

Oil Field

New Oil Discovery Springs up in Norwegian Waters

Aker BP, a Norwegian oil and gas company, has announced a new oil discovery in the Norwegian Sea, approximately 6 kilometers southwest of the Skarv field’…

Metal

China’s BYD, Tsingshan Scrap Plans for Chile Lithium Plants

On Wednesday, Chile’s economic development agency, Corfo, announced that Chinese automaker BYD and metals group Tsingshan have withdrawn from multimillion-doll…

Electric Vehicles

Chinese Electric Vehicle Maker Byd Reports 2024 Revenue Over Us$100B, Topping Tesla’s Sales

Chinese electric vehicle maker BYD logged a record 777.1 billion yuan (US$107 billion) in revenue last year as its sales of battery electric and hybrid vehicles…

Oil&Gas Drilling

Aker BP Gets Green Light for Drilling Ops in Norwegian Sea

The Norwegian Offshore Directorate has granted Aker BP two drilling permits for wildcat wells in the Norwegian Sea.The permits are for wellbore 6306/6-3 S in pr…

Electric Vehicles

Chinese Carmaker BYB Revs up Brazil’s Enthusiasm for EVs

Visitors check out a BYD electric car at an exhibition in Salvador, the capital of Brazil's Bahia state, on July 4. WANG TIANCONG/XINHUAA 40-minute drive we…

Electric Vehicle Battery

BMW Cancels $2 Billion Battery Cell Order From Northvolt

German automaker BMW said today that it has canceled a €2 billion ($2.15 billion) order for EV battery cells with Northvolt.German media Handelsblatt and m…

Electric Vehicle Battery

BYD Postpones Plans for 2025 Chile Lithium Cathode Plant

Chinese carmaker BYD Co has postponed plans to produce lithium cathodes for electric vehicle (EV) batteries in Chile by 2025, the firm’s Americas head told Reu…

Oil Field

Aker BP's North Sea Field Comes on Stream

Norwegian oil and gas player Aker BP has started production from a field in the North Sea, which has been tied back to an existing platform off the coast of Nor…

Electric Vehicles

BYD to Kick off EV Production at New Thailand Plant in Q3 as Overseas Expansion Accelerates

Leading EV maker BYD is quickly expanding overseas after dominating its home market. BYD is now set to begin production at its new EV plant in Thailand in the t…

Solar Power Plant

BYD to Install 26.5 MW of Solar Power for Brazilian Raizen Gera

Chinese batteries and electric vehicles maker BYD Company Ltd (HKG:1211) announced this week it will install 26.5 MW of solar power capacity for Brazilian compa…