Oilandgaspress Energy / Automotive News to June 03, 2025, Rig Count: U.S. -3 to 563 Canada -2 to 112
Oilandgaspress Energy / Automotive News to June 03, 2025, Rig Count: U.S. -3 to 563 Can
London, June 03, 2025 (Oilandgaspress) –-The Trump administration is moving to repeal Biden-era curbs blocking oil drilling across most of the mammoth petroleum reserve in Alaska that’s home to an estimated 8.7 billion barrels of recoverable oil.
Interior Secretary Doug Burgum announced the planned policy shift late Sunday at a town hall in Utqiagvik, a village on the Chukchi Sea coast, as he and fellow members of President Donald Trump’s cabinet visit Alaska to promote energy development in the region. The measure would open up new opportunities for oil and gas development in the 23-million-acre National Petroleum Reserve-Alaska, an Indiana-sized parcel in the northwest of the state that was set aside as a source of energy for the Navy a century ago.
The action responds to a directive Trump issued after his inauguration in January, when he signed an executive order compelling a host of policy changes meant to expand oil, natural gas and mineral development in Alaska.
Trump’s measure would repeal a 2024 rule imposed under former President Joe Biden, which designated 13 million acres of the reserve as “special areas,” limiting future oil and gas leasing, while maintaining leasing prohibitions on 10.6 million acres of the NPR-A.
The rule has complicated future oil drilling and production in the reserve where companies including ConocoPhillips, Santos Ltd., Repsol SA and Armstrong Oil & Gas Inc. have been active. ConocoPhillips is developing its 600-million-barrel Willow project in the refuge, which is expected to produce first oil in 2029. .The new proposal will give the public 60 days to comment, setting the stage for a potentially rapid reversal and new leasing in the reserve. Conservationists who cheered the original protections could seek to challenge the pivot in federal court. . Read More
Baker Hughes Rig Count: U.S. -3 to 563 Canada -2 to 112
U.S. Rig Count is down 3 from last week to 563 with oil rigs down 4 to 461, gas rigs up 1 to 99 and miscellaneous rigs unchanged at 3.
Canada Rig Count is down 2 from last week to 112, with oil rigs down 2 to 69, gas rigs unchanged at 43 and miscellaneous rigs unchanged at 0.
| Region | Period | Rig Count | Change |
| U.S.A | 31 May 2025 | 563 | -3 |
| Canada | 31 May 2025 | 112 | -2 |
| International | April 2025 | 891 | -8 |
Daimler Truck expands its sales and service location in Würzburg Daimler Truck has expanded the Mercedes-Benz Würzburg commercial vehicle center. A new section of the building was officially opened last week in the presence of customers, representatives of the construction companies involved and the site’s workforce. The site is now even better equipped for trucks and buses with battery and fuel cell technology.
The site is now even better equipped for trucks and buses with battery and fuel cell technology. The expansion is a clear commitment to the mobility of the future: the new workshop hall complements the existing range of maintenance and repair services for trucks and buses with specialized services for battery-electric and hydrogen-powered commercial vehicles. Covering an area of around 250 square meters, the new building now offers additional space for specialized high-voltage workstations – for example, for professional servicing of models such as the Mercedes-Benz eActros 600, eEconic, the FUSO eCanter and the Mercedes-Benz eCitaro electric city bus. Around 90 employees work at the site, which is now also prepared for the requirements of new drive technologies thanks to the expansion.Electric charging stations have been planned for the site: a total of three charging stations with six charging points are available for employee and customer cars. For trucks and buses, a charging station with two charging points for charging currents of up to 300 kilowatts is available for the time being, where customer vehicles can be charged after leaving the service centre and CharterWay rental vehicles can be charged. This charging station is accessible to the public around the clock, seven days a week.
Porsche Products in custom colors The demand for Porsche vehicles with custom paint jobs has been surging for years, which is why the company began expanding the already extensive range of series and special colors long ago. The new model year offers more than 190 colors to choose from across all the different model ranges. A key focus is on the availability of the typical Porsche colors that are familiar from the past and configurable via the so-called Paint to Sample programme. In addition, for models produced at the Porsche plant in Zuffenhausen, customers have the option to create their very own color – Paint to Sample Plus – when they place an order for a new car. When it comes to this Sonderwunsch option, the sky’s the limit. A technical assessment determines whether the vision can become a reality. Customers who already own a Sonderwunsch vehicle and plan to turn it into a factory one-off or are interested in a factory renovation can request a Paint to Sample Plus color even if the model was not produced in Zuffenhausen.
Painting individual vehicles in special colors in accordance with Porsche’s usual high-quality standards is a complicated process requiring a high degree of manual work and experienced employees. “Every shade of color must be deemed suitable for many different surfaces and materials, ultimately requiring a perfect color matching,” explains Boris Apenbrink, Director of Limited Series and Options at Exclusive Manufaktur. “We’ve therefore developed a unique process of workshop manufacturing and industrialization. In addition to the large selection of colors, customers also benefit from the extraordinary quality of the paint.”
The main factory in Stuttgart-Zuffenhausen specializes in custom paint jobs and is home not only to the largest selection of Porsche paint samples and prototype vehicles with a Paint to Sample paint job, but also a color mixing bank, where painting experts mix the desired colors for the 911 and Taycan models from several dozen components with precision down to the milligram. Every batch is divided into two paint cans – one for the body and one for add-on parts. Most of the vehicle surfaces painted are made from aluminum, plastic, or carbon- or glass-fiber composite materials.
Porsche defends championship lead in Detroit The two Porsche 963 from Porsche Penske Motorsport wrapped up the 100-minute Detroit street race in third and fourth. In a thrilling fifth round of the IMSA WeatherTech SportsCar Championship, Matt Campbell (Australia) and Mathieu Jaminet (France) clinched a podium spot with the No. 6 car. During the first pit stop around the 40-minute mark, the Porsche Penske Motorsport crew delivered another stellar performance, sending both 963 back out on the track faster than their rivals. At halfway, the No. 7 car led the race, while the No. 6 was battling for a podium spot in fourth. But with just 15 minutes left on the clock, the situation shifted: Nasr lost two positions in a spirited battle for the lead and ultimately had to let the No. 6 move up to third.
China’s top auto dealers urge end to price war China’s top auto dealer association urged all automakers to stop cutthroat competition in a rare public announcement on Tuesday, saying the race to the bottom is threatening the survival of dealerships and undermining the broader push for high-quality growth in the automotive sector.
The China Auto Dealers Chamber of Commerce, which is under the All-China Federation of Industry and Commerce, said that China’s car dealers, a crucial link between manufacturers and consumers, are grappling with mounting pressures, including weakening margins, rising inventory levels, tighter liquidity, and overall operational stress. In response, the chamber released a proposal urging industry reform, calling to reject reckless discounting and return to fair, rational competition to preserve industry health.
Solar-Powered Desalination System An engineering team from MIT have designed a solar-powered groundwater desalination device that could supply over 1,000 gallons per day and doesn’t require batteries.
Envisioned as a way to provide water to communities whose groundwater is too brackish to drink, the device’s real trick is that it adjusts its desalination activity in response to the amount of solar power it’s producing.
Multiple times every second, the central control module takes readings of the strength of the sunlight and pumps correspondingly more or less water through the electrodialysis membrane stack. This innovation allows the whole package to skip the necessity for battery storage for times when the panels are producing more energy than the system is using.
No batteries means much lower costs and shipping weight, making it ideal for rural communities in arid parts of the Global South or southern United States with ample yearly sunshine and brackish groundwater.
China to tackle ‘involution-style’ competition in auto sector China’s Ministry of Industry and Information Technology (MIIT) said Saturday it will intensify efforts to tackle “involution-style” competition in the country’s auto industry, vowing to strengthen oversight and safeguard a fair and orderly market environment. The announcement came after the China Association of Automobile Manufacturers (CAAM) launched an initiative calling on companies to maintain fair competition and foster healthy industry growth.
In response, the MIIT voiced support for the proposal and warned that recent disorderly price wars have significantly disrupted normal business operations and posed a threat to the industry’s healthy and sustainable development, according to an official with the ministry. All companies should strictly adhere to the principles of fair competition, while leading enterprises should not seek to squeeze the space of other players for the purpose of gaining monopoly, it said.
Apart from lawful price adjustments, firms must not sell their products below cost, engage in deceptive marketing practices, or disrupt market order in ways that harm the fundamental interests of the industry and consumers, according to the CAAM.
Viridien sets new seismic data acquisition standard Viridien has launched the Sercel Accel – the industry’s first onshore drop node solution – which will revolutionize land seismic data acquisition. Unveiled at the EAGE Annual Conference and Exhibition in Toulouse, France, Accel is designed to overcome the challenges of today’s complex, high-density seismic operations by accelerating survey deployment, increasing operational efficiency gains and consistently delivering the highest quality data. Accel sets a new standard for onshore seismic data acquisition by eliminating the need for nodes to be buried or planted in the field and thereby drastically reducing deployment time and labor requirements. With its unique droppable design, compact size, and integrated smart portable deployment system, Accel streamlines logistics, improves in-field agility and helps to reduce operational costs by up to -30% and significantly lower HSE risk.
At its core, Accel is powered by the industry-leading Sercel QuietSeis® MEMS sensor, a long-standing benchmark of total data integrity. Built-in, field-proven Sercel Pathfinder QC technology also provides near real-time quality control status monitoring and ensures reliable node retrieval.
Accel also brings a new level of flexibility to land seismic data acquisition with the introduction of modular Accel Solution Packs which combine nodes, software and services. These are designed to meet wide-ranging survey needs, from initial exploration to large-scale mega-crews. With this approach, customers can tailor and scale their required Accel Solution Packs based on project duration, complexity and strategic goals, bringing unmatched agility to their field operations.
Equinor Announce: Share buy-back Transactions made under the second tranche of the 2025 share buy-back programme for Equinor ASA.
Date on which the buy-back tranche was announced: 30 April 2025.
The duration of the buy-back tranche: 16 May to no later than 21 July 2025.
From 26 May to 30 May 2025, Equinor ASA has purchased a total of 1,739,493 own shares at an average price of NOK 244.9058 per share.
Vestas announces 102 MW order in Argentina Vestas is proud to announce the following order as part of our Q2 order intake:
Country Region Customer Project name MW Turbine varaint Service agreement Delivery & commissioning
Argentina Americas Undisclosed Undisclosed 102 V162-6.4 MW 10-year AOM5000 Service Agreement Delivery and commissioning are planned for the fourth quarter of 2026
Bigster mild hybrid G-140 (new bi-fuel petrol and LPG engine) Dacia’s Bigster includes all the essentials expected by customers in the C-SUV segment in terms of equipment, emphasizing comfort and practicality, with a wide range of equipment available depending on the trim level.
Bigster mild hybrid G-140 prices start from €24,990. This engine, available from the trim level “Essential” can be ordered from June 3rd, 2025.
With Bigster, Dacia is breaking new ground with a powertrain combining dual fuel with a 48V mild hybrid system. The mild hybrid system supports the 1.2-litre 3-cylinder turbocharged engine, whether running on petrol or LPG, during the start-up and acceleration phases, for enhanced driving pleasure and efficiency. The mild hybrid-G 140 engine can operate on either gasoline or liquefied petroleum gas (LPG), with a dedicated tank for each.
Running on LPG, Bigster mild hybrid-G 140 emits on average 10% less CO2 than an equivalent non-hybrid petrol engine. With two tanks containing a total of 100 liters of fuel (50 liters of petrol and 50 liters of LPG), it has a range of up to 1,450 km. Installed under the boot floor, the LPG tank has no impact on load space. A dashboard switch enables a fast and seamless transition from one fuel type to the other.
At equivalent trim level, Bigster mild hybrid G-140 is offered at the same price as Bigster mild hybrid 140. The reduction in CO2 emissions is reflected in more advantageous taxation.
Dacia, the only carmaker to offer dual fuel petrol and LPG powertrains across its line-up – except on 100% electric vehicles – has sold more than 1 million LPG vehicles since 2010.
Hyundai America Donates $40,000 to Dixboro Historic School House Hyundai America Technical Center, Inc. (HATCI) has announced a donation of $39,500 to Superior Charter Township. This contribution will support the revitalization of the Dixboro Historic School House, a beloved community landmark in Dixboro, Michigan. The announcement was made on Friday, May 30, during the Dixboro Market Day event.A picturesque hamlet within Superior Township and just minutes from Ann Arbor, Dixboro’s New England-style charm, historic landmarks and deep-rooted community spirit make it a hidden gem in Southeast Michigan. With this contribution, Hyundai reaffirms its continued efforts to preserve and celebrate the historical and cultural significance of local communities.
The Dixboro Historic School House, once a one-room learning center, now serves as a community gathering space—hosting performances, farmers markets and cultural events. This investment will help support critical restoration efforts, including the installation of a bathroom facility to expand usability, reparation and replacement of historic windows and interior cosmetic upgrades to increase functionality for community events and performances.
Toyota to Accelerate Collaboration Towards Transforming into a Mobility Company Toyota Group, with its mission of “producing happiness for all,” is taking on the challenge of “transforming into a mobility company” and aiming to contribute to the development of the mobility industry in Japan and the world through these challenges.
Toyota Fudosan Co., Ltd. announced “Notice Concerning Planned Commencement of Tender Offer for the Share Certificates, Etc. of Toyota Industries Corporation”. Toyota Motor Corporation , AISIN Corporation , DENSO CORPORATION, and Toyota Tsusho Corporation are participating in a series of transactions aimed at a tender offer for the shares of Toyota Industries Corporation (“Toyota Industries”) and related transactions (the “Transactions”) to privatize Toyota Industries as stated in the announcement.
In order to privatize Toyota Industries, a new holding company will be established. Toyota Fudosan, whose shares are held by Toyota Group companies, will invest approximately 180 billion yen for the purpose of collaboration and cooperation with Toyota Group. Mr. Akio Toyoda will invest 1 billion yen as a commitment to the Transactions. Additionally, Toyota Motor will invest approximately 700 billion yen in non-voting preferred shares. The plan is for these investments to be implemented by reinvesting a portion of the amount obtained by selling the shares of Toyota Industries in the Transactions which have been held by Toyota Fudosan, Mr. Akio Toyoda, and Toyota Motor since Toyota Industries was listed.
Furthermore, Toyota Motor, AISIN, DENSO, and Toyota Tsusho will sell their shares in Toyota Industries in the Transactions, and simultaneously, will acquire their shares held by Toyota Industries through the tender offers for their treasury shares. This will dissolve the cross-shareholding between Toyota Industries and those four companies, except Toyota Motor will continue to invest in Toyota Industries in the form of preferred shares mentioned above.
New Galileo CEO Jesús Grande is championing Galileo’s potential role in global energy transition Galileo Technologies CEO Jesus Grande, believes the business’s unique set of gas solutions have the potential to play a key role in the global energy transition going forward. This is due to the fact the world is currently struggling to reach its climate change targets and move away from the use of dirtier fuels.
To make the most out of gas, rather than dirtier fossil fuels such as oil and coal, US based Galileo Technologies have developed a number of solutions that are designed to help the global energy transition by making natural gas and biogas more accessible and commercially viable for communities and businesses worldwide. Through these innovative, modular solutions, Galileo Technologies addresses one of the most urgent challenges of our time: delivering clean, affordable energy to regions disconnected from traditional pipeline networks or burdened by reliance on oil, coal, and diesel.
Jesús Grande, who has taken on the role of CEO at Galileo Technologies, brings extensive experience in defining and implementing strategies that drive sustainable improvements in results. With a focus on managing talent, processes, technology, systems, and communication, he has built a strong track record in the oil and gas services and operations sectors.
Galileo Technologies is now leading the charge in advancing U.S. energy technology while contributing to the global energy transition. The company envisions a future where its cutting-edge solutions play a pivotal role in delivering clean energy to regions with limited infrastructure. By going beyond traditional pipeline networks, Galileo’s innovative virtual pipeline model transports natural gas via cryogenic iso-tanks to remote areas, including sub-Saharan Africa and Brazil.
Nigeria to boost oil investments, revenue Nigeria’s President Bola Tinubu signed an executive order aimed at drawing investment in the oil sector by lowering project costs, while protecting government revenue as the West African nation looks to grow output.
The new directive caps available tax credits at 20% of a company’s annual tax liability, and introduces a performance-based tax incentive for upstream operators, the president said in a statement late Thursday. Implementation guidelines are pending.
The policy was also expected to fast-track the development of natural gas, displace fossil fuels used for transportation and boost energy security.
U.S. cancels $3.7 billion for clean energy The Energy Department is canceling some $3.7 billion in government support for clean energy projects it said did not warrant continued backing from the Trump administration. The agency said the move came after it found the projects “failed to advance the energy needs of the American people, were not economically viable and would not generate a positive return on investment of taxpayer dollars.” Sixteen of the 24 projects were awarded during the Biden administration between Election Day and President Donald Trump’s Jan. 20 inauguration, the department said in a statement. Among the canceled awards was $331 million to Exxon Mobil Corp. for a project to use hydrogen instead of natural gas at the company’s Baytown, Texas, Olefins Plant.
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all-new third generation Nissan LEAF Nissan Motor Co., Ltd. today commenced a three-part short video series featuring members of the planning, design and engineering team responsible for creating the all-new Nissan LEAF. A true, third-generation electric vehicle, the all-new LEAF is built upon learnings accumulated since the debut of the pioneering first generation model in 2010. In the 15 years since, Nissan has sold close to 700,000 units of LEAF globally, with owners estimated to have traveled a cumulative total of approximately 28 billion kilometers. Learnings from first- and second-generation models were a source of valuable insight for the planning and engineering team members as they reimagined the all-new third generation model. The LEAF is regarded as one of Nissan’s “heartbeat models,” a globally renowned nameplate representing the brand’s “do what others don’t dare to do” ethos since its arrival as the world’s first mass-market electric car. With its innovative technologies, the LEAF serves to reinforce Nissan’s brand image.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $62.73 | Down |
| Crude Oil (Brent) | USD/bbl | $64.81 | Down |
| Bonny Light 28/05/25 CBN | USD/bbl | $66.18 | — |
| Dubai | USD/bbl | $63.65 | — |
| Natural Gas | USD/MMBtu | $3.69 | Down |
| Murban | USD/bbl | $64.65 | Down |
| OPEC basket 02/06/25 | USD/bbl | $64.50 | Up |
bp deepens and progresses in Azerbaijan bp, together with its partners, has entered into a series of agreements that will build and expand on its major oil and gas interests in Azerbaijan, paving the way for growth and additional production while deepening its partnership with the country and state oil company, SOCAR.
The agreements, signed during Baku Energy Week, include the final investment decisions for the next major phase of development of the giant Shah Deniz gas field – Shah Deniz Compression – as well as for two projects – for terminal electrification and solar power – that together are expected to enable operational emissions reduction. They also include agreements for bp to access to two new exploration and development licences and introduce a new partner to accelerate exploration on a third.
These agreements represent progress against bp’s strategy to grow long-term shareholder value, contributing to its goal of growing its upstream business, as well as underlining bp’s continuing commitment to Azerbaijan.
bp has been active in Azerbaijan for 33 years. It led the development of the Azeri-Chirag-Deepwater Gunashli (ACG) oil field, the Shah Deniz gas field, and the major Sangachal processing and export terminal, all three of which it also operates. bp was also a lead in the development of the associated export pipelines, the Baku-Tblisi-Ceyhan (BTC) oil pipeline and the Southern Gas Corridor (SGC) gas pipeline network.
TotalEnergies acquires a pipeline of solar and battery projects TotalEnergies announces the acquisition from Low Carbon, a leading renewable energy company, of a pipeline of 8 solar projects with a capacity of 350 MW and 2 battery storage projects with a capacity of 85 MW.
As the solar projects are at an advanced stage of development, the target is that they could be operational by 2028. They will produce more than 350 GWh/year of renewable electricity, equivalent to the electricity consumption of around 100,000 UK households.
Aramco announces completion of $5 billion bond issuance Aramco, one of the world’s leading integrated energy and chemicals companies, announced that it has successfully completed a $5 billion issuance of bonds across three tranches under its Global Medium Term Note Program.
The tranches include:
$1.5 billion senior notes maturing in 2030 with a coupon rate of 4.750%;
$1.25 billion senior notes maturing in 2035 with a coupon rate of 5.375%; and
$2.25 billion senior notes maturing in 2055 with a coupon rate of 6.375%.
The transaction was priced on May 27, 2025, and the notes were listed on the London Stock Exchange.
ADNOC Expands its STEM Education Program ADNOC has expanded its Science, Technology, Engineering and Mathematics (STEM) education program to empower UAE students in artificial intelligence (AI) and advanced technology through an initiative called ‘STEM for Life: Future of AI Schools Challenge’ which held the finals today at the Abu Dhabi Energy Center.Launched in January 2025, the Future of AI Schools Challenge received 14,500 applicants from 351 schools across the country, with 896 teachers helping students to design, build and pitch AI solutions that addressed one of three themes: creating real-world impact, demonstrating blue sky thinking or winning the hearts and minds of local communities. A total of 1,500 submissions were received, with 80 students in 27 teams selected to attend the final.
During the final, ADNOC and AIQ showcased how ENERGYai, the world’s first agentic AI solution for the energy industry, can be deployed to improve decision making, unlock value and drive operational efficiencies.
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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