Oilandgaspress Energy / Automotive News,
London, August 06, 2025, (Oilandgaspress) –––Oil prices climbed on Wednesday, recovering from a five-week low the previous day, as concerns about potential supply disruptions mounted following US president Donald Trump’s threats of tariffs against India over its Russian crude purchases.The Trump administration’s pressure on India to halt its Russian oil purchases is part of a broader effort by Washington to economically pressure Moscow into pursuing peace in Ukraine. On Tuesday, Trump warned that tariffs on Indian goods could be imposed within 24 hours if New Delhi does not comply. He also suggested that falling energy revenues might eventually force Russian president Vladimir Putin to end the war. Read More
A long-standing research collaboration to understand and conserve Western Australia’s marine biodiversity has been extended for a further five years to enable marine research to continue in areas of ecological importance along the Gascoyne coastline. For 28 years, Woodside Energy has supported the Western Australian Museum’s marine biodiversity research off the Western Australian coast.This long-standing collaboration has supported extensive biodiversity research, including in the Dampier Archipelago and off the Kimberley coast. It has led to the discovery and description of numerous new species, and significantly increased understanding of the marine environment of Western Australia. Woodside, the WA Museum and the Foundation for the WA Museum have confirmed that this important collaboration has been extended for a further five years to enable targeted research to continue along the Gascoyne coastline. The research will provide new insights into marine conservation and increase cultural and historical knowledge. It is expected to lead to the discovery of many new species. The first phase of the project will focus on the examination of legacy material held in the WA Museum’s collections. This will allow the research team to assess existing collections, identify knowledge gaps and determine key focus areas for research and fieldwork in the years ahead. Read More
Orrön Energy Report for the six-month period ended 30 June 2025
Proportionate power generation amounted to 439 GWh for the reporting period, and in addition, the Company had 20 GWh of compensated volumes relating to ancillary services and availability warranties, bringing the total proportionate power generation, including these compensated volumes, to 459 GWh.
• In July 2025, the Company completed the sale of a 76 MW solar project in Germany for a total consideration of MEUR 4.0, with MEUR 2.0 paid at closing and the remaining consideration contingent upon municipal and legislative approvals.
• Reached the ready-to-permit milestone for a second solar project in Germany of 93 MW, and advanced seven large-scale solar and battery projects in the UK towards final grid confirmation under the ongoing grid reform.
• Entered into financial hedges covering approximately 40 percent of the second-half 2025 expected proportionate power generation volumes in the SE3 and SE4 price areas at an average price of EUR 52 per MWh.
• The Company delivered in line with expenditure guidance for the reporting period, with the exception of operating expenses which were impacted by elevated balancing costs during the first half of 2025, resulting in an increase to the Company’s full-year operating expenses guidance from MEUR 17 to MEUR 19. Read More
Europe’s ageing coal and gas fired power plants can look forward to a more high-tech future as big tech players, such as Microsoft and Amazon, seek to repurpose them as data centres, with ready-made access to power and water.
Companies such as France’s Engie (ENGIE.PA), opens new tab, Germany’s RWE (RWEG.DE), opens new tab, and Italy’s Enel (ENEI.MI), opens new tab are looking to benefit from a surge in AI-driven energy demand by converting old power sites into data centres and securing lucrative long-term power supply deals with their operators..Read More .
During the period from 28 July to 1 August 2025, Eni acquired on the Euronext Milan no. 3,380,247 shares (equal to 0.11% of the share capital), at a weighted average price per share equal to 14.7918 euro, for a total consideration of 49,999,987.15 euro within the treasury shares program approved by the Shareholders’ Meeting on 14 May 2025, previously subject to disclosure in accordance with applicable legislation.
On the basis of the information provided by the intermediary appointed to make the purchases, here below a synthesis of transactions for the purchase of treasury shares on the Euronext Milan on a daily basis: Read More
TotalEnergies announces that its affiliate Total Austral has signed an agreement with YPF SA for the sale of its 45% operated interest in two unconventional oil and gas blocks in Argentina, Rincon La Ceniza and La Escalonada, for an amount of USD 500 million at a valuation of around 10,000 USD/acre. Located in the Vaca Muerta area in the Neuquén Basin, these concessions (51,000 net acres) are currently in a pilot development phase. Total Austral’s partners in these concessions are Gas y Petroleo de Neuquen (10%) and O&G Developments LTD S.A (45%), owned by Shell. Read More TotalEnergies divests its interest in two Vaca Muerta unconventional blocks
Minister of Oil, Hayan Abdul Ghani, inaugurated today, Wednesday, a number of development and rehabilitation projects at oil stations in Kirkuk Province, confirming that oil exports via the Turkish Ceyhan pipeline will resume today or tomorrow.
Speaking to the Iraqi News Agency (INA), the Minister said: “A number of oil station development and rehabilitation projects have been inaugurated in Kirkuk Province,” noting that “we will resume oil exports via the Turkish Ceyhan pipeline today or tomorrow, with an initial phase of exporting 80,000 barrels per day, following the agreement with the Kurdistan Region.”
He added, “We have managed to increase production at the wet oil station by 25,600 barrels per day,” confirming that “the total capacity of the wet oil station in northern Kirkuk has now reached 90,000 barrels per day.” Read More Oil Exports via Turkey’s Ceyhan Pipeline
The Ministry of Oil announced on Tuesday that several of the world’s leading energy companies have confirmed their participation in the upcoming Baghdad International Energy Forum, scheduled to take place in the Iraqi capital on September 6–7.
“The attendance includes giant international firms, including BP, TotalEnergies, Chevron, Eni, and Shell, underscoring growing global interest in Iraq’s energy sector,” said the Ministry in a statement received by the Iraqi News Agency – INA.
The statement included, “This extensive participation reflects the confidence of international companies in Iraq’s oil and gas industry, the promising investment opportunities it presents, and the country’s strategic role in global energy markets.”
The Ministry added that these companies will be represented by senior executives and high-level delegations who will take part in specialized dialogue sessions at the forum.
These sessions will cover critical topics such as oil market dynamics, energy security, sustainability, and the global transition to renewable energy sources.
The forum, held under the patronage of the State Oil Marketing Organization SOMO will also feature the participation of energy ministers, policymakers, and international experts. Read More Baghdad International Energy Forum .
The Iraqi Oil Marketing Company, SOMO, announced on Tuesday that Iraq’s recent increase in oil production under OPEC is a calculated and fully considered move, affirming that the adjustment will not affect global oil prices.
“The increase in Iraq’s production, as approved by OPEC, is a fully considered decision based on careful assessment of global market conditions, including production levels, demand trends, and the overall supply-demand balance,” said Ali Nizar, SOMO’s General Manager, to the Iraqi News Agency – INA. He clarified that the production hike will be implemented only after ensuring the market’s capacity to absorb the additional supply. “The increase comes as part of voluntary reductions being eased—not from the original mandatory cuts—according to agreements between OPEC member states and their allies.”
Nizar emphasized that the adjustment “is aimed at benefiting the member countries by gradually regaining portions of their market share, including Iraq’s, within the global oil market. At the same time, oil prices remain on an upward trajectory, supported by robust demand, particularly during the third quarter of this year.” Read More Iraq’s OPEC Production increase
Dana Incorporated announced today it will participate in the J.P. Morgan Auto Conference on August 12. Beginning at 1:25 p.m. EDT, Dana’s Chairman and Chief Executive Officer R. Bruce McDonald will host a fireside chat for approximately 35 minutes.. Read More Dana Incorporated to Participate in the J.P. Morgan Auto Conference.
Hyundai has pondered on the prospect of launching its luxury range of cars under the Genesis brand for a long time. However, there has been no official update from the South Korean carmaker until now. Hyundai now has officially confirmed that it is evaluating the introduction of Genesis in India. This comes after the second largest car manufacturer in India announced earlier in May this year that it will launch 26 new models in the country by the end of this decade. The luxury car market in India has seen a boom and Hyundai expects to disrupt the market with its Genesis models. In its latest annual report, Tarun Garg, Whole-time Director & Chief Operating Officer, Hyundai Motor India Limited (HMIL), said, “HMIL is strategically evaluating the introduction of Genesis, Hyundai’s global luxury marque, to redefine luxury through innovation, design and differentiated experiences. This aligns with our aspiration to serve the evolving expectations of discerning Indian consumers.” Read More Hyundai evaluating launch of Genesis luxury cars in India
At Daimler Truck Campus, the headquarters of the truck and bus manufacturer in Leinfelden-Echterdingen: the first truck ever built; or, more precisely, a highly detailed replica of that historic vehicle. With the start of the summer holidays in Baden-Württemberg, the popular exhibit, which celebrates its 130th birthday next year, is taking a break for the summer. The truck, which is considered a technical milestone in automotive history, will be refurbished at the Philipp-Matthäus-Hahn-Schule in Nürtingen over the next few weeks. The handcrafted vehicle will be restored to working order under the guidance of experienced instructors and as part of the additional qualification in classic and modern classic cars by specially trained automotive apprentices. The project thus combines automotive tradition, modern training, and intergenerational exchange within the craft in a unique way.
At the Philipp Matthäus Hahn School in Nürtingen, one of the leading schools for classic and modern classic cars in the Stuttgart region, authenticity is paramount. The experts want to ensure that the anniversary vehicle is not only preserved in a museum, but can also drive again on its own wheels. The return to Leinfelden-Echterdingen is scheduled for the end of August 2025, just in time for the planned appearance at the Spitzkraut Classics in the fall. There, this special piece of technological history will not only be on display, but can also be experienced in motion. Read More Reproduction of the first truck in history
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $65.60 | Up |
| Crude Oil (Brent) | USD/bbl | $68.10 | Up |
| Bonny Light 05/08/25 CBN | USD/bbl | $71.54 | Down |
| Dubai | USD/bbl | $69.56 | Down |
| Natural Gas | USD/MMBtu | $3.04 | Up |
| Murban | USD/bbl | $70.44 | Up |
| OPEC basket 05/08/25 | USD/bbl | $70.73 | Down |
Xpeng Motors held its ” THE NEXT All-New Xpeng P7 · China Debut” press conference in Beijing today, officially unveiling the new car and opening pre-orders. Three models were released: a 702km long-range version, an 820km ultra-long-range version, and a 750km high-performance version. From August 6, 2025, until the launch of the all-new Xpeng P7, pre-order customers can enjoy a 99 yuan deposit to offset a 3,000 yuan purchase price, which can be combined with launch benefits. A milestone in China’s new energy sedan market, the original Xpeng P7 shattered the aesthetic barrier for pure electric coupes with its groundbreaking, original design. Now, the all-new Xpeng P7, a stylish luxury coupé combining trendy design with intelligent capabilities, defies the homogeneity of pure electric vehicles with its groundbreaking original design and robust AI technology, ushering in the next generation of AI coupes. Actresses Zhong Chuxi and Michelle Chen, singer Zhu Zhengting, and world champion swimmer Ning Zetao gathered at the launch event to create a fashion feast of technology and aesthetics. Breaking free from the constraints of homogeneity, the all-new Xpeng P7 adheres to original design, creating a stylish luxury coupe that “shakes imagination.” The vehicle utilizes a minimalist curved structure, integrating functional modules such as lights, partitions, and sensors into the contours of the surface, achieving a harmonious balance of aesthetics and functionality. A width-to-height ratio of 1.40, a length-to-height ratio of 3.57, and a wheel-to-height ratio of 0.52 create a wider, lower, and more slender body proportion. Combined with a mid-mounted electric drive layout consistent with supercars, it creates a coupe-like stance that combines speed and stability. The vehicle underwent over 40 rounds and 1,000 simulation optimizations, as well as four rounds of wind tunnel testing, achieving a true drag coefficient as low as Cd 0.201, demonstrating extreme performance beneath its stance. Read More The new Xiaopeng P7 is officially unveiled
Bentley returns to California for this year’s Monterey Car Week with an array of past, current and future exhibits – many being revealed for the first time across the Peninsula. Bentley’s design vision concept, EXP 15, will be presented to the public for the first time on the concept lawn at the Pebble Beach Concours d’Elegance on 17 August. The five-metre-plus concept has an iconic upright grille, long ‘endless’ bonnet and rearward cabin reminiscent of the 1930 Bentley Speed Six Gurney Nutting Sportsman coupe, often known as the “Blue Train”, which also joins Bentley’s programme of activities in Monterey for the first time. This iconic Bentley will be spotted on the road throughout the event, and on select days will appear at the returning Home of Bentley – adjacent to the Pebble Beach Lodge. The Home will feature a new display of the latest models from Crewe, deep dives into the world of Bentley craftsmanship, and a dedicated space for customers to work with Bentley designers on their own co-creations.
At ‘The Quail, a Motorsport Gathering’, the latest fourth-generation Continental GT, GTC and Flying Spur core and Azure models will be shown alongside the new Bentayga Speed – all making their US public show debut. The Continental GT Speed showcases a new ‘ombre’ paint technology, which blends two colours on the car front-to-back in a new personal commissioning option available through Mulliner, Bentley’s in-house bespoke and coachbuilding division. Mulliner will also be showcasing the new Batur Convertible, in another US public debut.
The latest fourth-generation models will not only be on display at ‘The Quail’ but cars will be available for test drive during the week for customers and guest to experience. The new Continental GT and Azure models mark the arrival of Bentley’s new High Performance Hybrid powertrain, which unites an advanced 4.0-litre V8 engine and powerful electric motor to develop a maximum power output of 680 PS and a maximum torque output of 930 Nm. With the arrival of the new models alongside the acclaimed Speed and Mulliner variants, Bentley customers can now choose the Continental GT, GT Convertible or Flying Spur that most closely reflects their aesthetic values and driving priorities.
Read More Bentley At Monterey Car Week
Open-air Cinema at the Mercedes-Benz Museum will be offering screen enjoyment with 17 films from mid-August. “VfB inTeam – We’ve Got The Cup”, which sees VfB Stuttgart celebrating winning the DFB Cup 2025, kicks off on 15 August. Fans can also take photos that evening with the original DFB Cup and a Mercedes-Benz CLE Cabriolet that was used in the motorcade. There will also be a draw for two tickets for the Franz Beckenbauer Supercup 2025 on 16 August at the VfB stadium. Tickets for this performance are already sold out.
The Open-air Cinema programme continues from 16 August with “Wunderschöner” (lit. “More Beautiful”), a subtle portrait about love, life crises and new perspectives. A total of 17 film evenings are on the programme, ranging from Hollywood blockbusters to documentaries. In the film “Like a Complete Unknown” on 31 August, the audience can look forward to the supporting programme, with Bob Dylan songs played by Rick Black and his band. A highlight for all motorsport fans is “F1” with Brad Pitt on 2 September. One of the producers of the racing film is Lewis Hamilton, record-breaking world champion with Mercedes-AMG. The Formula 1 film is also already sold out.
Admission is from 7 p.m., with the performances starting at sunset. Read More Open-air Cinema 2025 at the Mercedes-Benz Museum
In the city of Ziyang, Sichuan province, a logistics company has hired three “employees” who never take lunch breaks and could work around the clock without any complaints. They are autonomous delivery vans, each capable of carrying between 600 and 800 parcels. They navigate the winding roads between villages located 10 to 30 kilometers from the distribution center at a steady pace of 15-20 km/h.
They stop dutifully at red lights, dodge obstacles with algorithmic precision, and can be remotely monitored — even overridden — via smartphone or laptop. When one such vehicle arrived in Zhenshu village after its 90-minute journey, site manager Luo Diwen demonstrated the unloading process with a few taps on his phone. “Open the app, select the license plate, tap to unlock — it’s that simple,” he said, as the van autonomously prepared for its next stop after scanning a confirmation QR code.
The real payoff comes in the ledgers. According to Liu Gang, general manager of the local logistics company, the driverless fleet has slashed labor costs and reduced fuel consumption by nearly half.
These three driverless vehicles hail from Neolix, an autonomous vehicle company headquartered in Beijing Economic-Technological Development Area. Read More Autonomous driving for smarter logistics in China
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole , victor@oilandgaspress
OilandGasPress.com is a website that provides news, updates, and information related to the oil and gas industry. It covers a wide range of topics, including exploration, production, refining, transportation, distribution, and automotive market trends within the global energy sector. Visitors to the site can find articles, press releases, reports, and other resources relevant to professionals and enthusiasts interested in the energy, oil and gas industry.
Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases
“Stay informed with Oilandgaspress.com—your independent source for global energy, oil, gas, EV, and automotive industry news and analysis.”
Submit your Releases or contact us now!, victor@oilandgaspress
Follow us: on Twitter | Instagram
Your Daily Source for Oil, Gas, Renewables & EV Market Insights :
latest oil and gas updates
