Global Energy/Automotive News to September 10, 2025
London, September 10, 2025, (Oilandgaspress) –––Oil prices rose after reports of an Israeli military strike in Qatar raised fresh concerns about growing conflict in the Middle East. Oil was already on the rise as global stock markets gained, fueled by hopes that the U.S. Federal Reserve might cut interest rates soon.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $63.10 | Up |
| Crude Oil (Brent) | USD/bbl | $66.85 | Up |
| Bonny Light 09/09/25 CBN | USD/bbl | $68.56 | Up |
| Dubai | USD/bbl | $69.03 | Down |
| Natural Gas | USD/MMBtu | $3.11 | Down |
| Murban | USD/bbl | $70.15 | Up |
| OPEC basket 09/09/25 | USD/bbl | $69.88 | Up |
| At press time September 10, 2025 , The price of OPEC basket of twelve crudes according to OPEC Secretariat calculations |
One million connected Volvo trucks on the road
Trucks that keep moving, are safe and deliver maximum uptime and productivity for their owners. This is what Volvo Trucks wants to achieve with its digital and connected services for customers. Volvo offers connected services within two major areas: Uptime and Productivity. Uptime services involve using wireless connectivity to, for example, monitor and track vehicles remotely and anticipate potential faults, with the goal to optimize truck operation and reduce downtime. The wear on important components in the truck can be monitored, enabling an optimized service plan and ensuring the vehicle gets the right service at the right time. Uptime services also include updates of the trucks’ software over the air to avoid unnecessary workshop visits.
Volvo’s Productivity services are about improving customers’ operations and reducing costs, for example, through fleet management systems and planning tools. The services also include providing drivers with solutions that can improve fuel efficiency and safety, as well as infotainment and convenience features.
Connected trucks benefit innovation
Connected trucks also play an important role when it comes to Volvo’s innovation and product development. The data that can be extracted from the trucks can be analyzed and provide insights into the truck’s behavior, ultimately resulting in faster product development and innovative new solutions. Read More
Sherbet, one of the UK’s leading electric black taxi firms, has secured up to £40 million in growth capital from European private equity group Hoplon Investment Partners. The deal represents the largest single investment ever made in the licensed London taxi industry. Founded in 2013 by former black cab driver Asher Moses, Sherbet has built the UK’s fastest-growing electric taxi fleet with 550 vehicles now on the road. The funding will be used to grow the fleet, expand Sherbet’s digital platform and strengthen its market position against ride-hailing apps. The company also intends to support the Knowledge training pipeline, enhance driver earnings opportunities, and provide advanced vehicle data to London authorities to help shape future traffic, safety and environmental policies.
Sherbet taxis is best known for its fully electric fleet of licensed black cabs in the UK. The model combines heritage and regulation with modern technology, aiming to create a more sustainable and competitive service for drivers and passengers. The fleet retains all of the black cab’s accessibility features, including full wheelchair access, while introducing new connected services. Read More
Momentick, an emissions intelligence company, today announced its strategic partnership with Sompo Japan Insurance Inc., a global provider of property, casualty, and specialty insurance and reinsurance; Sompo Risk Management, a strategic risk management company; and JGC Corporation, a global engineering firm providing emissions quantification and consulting services (HiGHGuardTM) including on-site methane MRV (Measurement, Reporting, Verification). Together, they are launching the world’s first methane detection solution integrated with insurance, now available to Sompo Japan’s local and international clients.
This partnership comes at a pivotal time. In June, the 2025 LNG Producer-Consumer Conference confirmed commitments to decarbonizing the LNG value chain. Meanwhile, the Global Methane Pledge, launched in 2021, sets a 2030 target to reduce methane emissions by 30% from 2020 levels, now just five years away.
To support these climate goals and address the growing risks faced by companies in both LNG-producing and consuming countries, Sompo Japan and Sompo Risk are promoting satellite-based methane detection to encourage proactive emissions management, in cooperation with Momentick, as part of their climate action initiative. This collaboration aims to empower energy companies to take greater control of their exposure to risks, improve the accuracy and effectiveness of methane measurement, and strengthen compliance and early risk prevention, all while advancing key sustainability goals.
“We’re proud to contribute to this strategic partnership by bringing Sompo Japan clients our advanced frequent monitoring solution and actionable methane emission insights at a time when accountability and transparency are more critical than ever,” said Daniel Kashmir, CEO and Co-founder of Momentick. “Sompo’s approach shows how integrating emissions intelligence can strengthen the role of insurers in reducing risk and supporting environmental accountability in high-impact sectors.”
Momentick’s proprietary SaaS platform provides advanced methane detection by analyzing satellite imagery to identify the precise location and measure the amount of methane emissions around insured assets. This will enable Sompo Risk to accurately assess exposure to methane leaks and generate detailed risk reports. For companies seeking advanced solutions, Sompo Japan will facilitate access to high-precision greenhouse gas (GHG) measurement and consulting services including ground-level measurements and Drone based measurements provided by JGC Corporation. These insights allow Sompo Japan and its clients to identify high-risk areas and take informed action to mitigate emissions and manage environmental risks effectively.
Future versions of the risk report will incorporate data from the GOSAT-GW satellite, launched on June 29, 2025, with technical design developed in collaboration with the National Institute for Environmental Studies and Japan’s Ministry of the Environment. Read More
Ethiopia has inaugurated Africa’s largest hydroelectric dam, a project that could transform the country’s energy sector but may also increase tensions with neighbouring Egypt.
State media showed prime minister Abiy Ahmed touring the site of the Grand Renaissance dam (GERD) in Guba district with Kenyan president William Ruto, Somali president Hassan Sheikh Mohamud and African Union chairperson Mahmoud Ali Youssouf. Towering 170 metres (550 feet) high and stretching nearly 2km (1.2 miles) across the Blue Nile, the dam is designed to hold 74bn cubic metres of water and generate 5,150 megawatts of electricity, which is more than double the country’s capacity. The megastructure is the largest by power capacity in Africa and among the 20 largest hydroelectric dams in the world.
It cost $4bn, with Ethiopia’s central bank providing 91% of that figure and the rest coming from Ethiopians through bond sales and gifts, local media reported. Read More
Egyptian Supreme Council of Energy held a meeting chaired by Mostafa Madbouly, the Prime Minister to discuss securing energy supplies from diverse sources to support the state’s objectives across key productive and developmental sectors. The meeting also emphasized aligning with Egypt’s sustainable development vision and attracting more domestic and foreign investments.
It was attended by Karim Badawi, Minister of Petroleum and Mineral Resources; and Mahmoud Esmat, Minister of Electricity and Renewable Energy, among other ministers.
During the meeting, attendees highlighted the state’s efforts, in cooperation with numerous global companies and private sector institutions, to implement more energy projects, particularly in the field of renewables, supporting the state’s economic and social development plans and the efforts to diversify the energy mix. This would also help meet the growing demand for electricity, and aligns with general policies aimed at supporting various sectors, especially industry and agriculture.
The meeting further reviewed the implemented plans and ongoing projects, in cooperation with the Egyptian private sector and global companies to enhance the quality of electricity production and distribution networks, as well as reduce loss rates. Read More
ADNOC Gas plc and its subsidiaries announced that its shares have been selected for inclusion in the FTSE Emerging Index (the “Index”) – part of the FTSE Russell Global Equity Index Series (GEIS) – with inclusion effective when markets open on September 22, 2025.
ADNOC Gas believes this milestone will enhance its visibility among global institutional investors, broaden its shareholder base, and support liquidity on the Abu Dhabi Securities Exchange (ADX). Market analysts estimate that inclusion may result in up to $250 million in incremental investment. The FTSE Emerging Index is widely tracked by international investors and measures the performance of large and mid-cap companies across advanced and secondary emerging markets within the FTSE GEIS. Read More
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has chaired a meeting of the Executive Committee of the ADNOC Board of Directors.
During the meeting at ADNOC’s headquarters, His Highness reviewed ADNOC’s financial performance and its strategic priorities, including deploying artificial intelligence (AI) as it aims to become the most AI-enabled energy company, executing domestic growth projects and international expansion through its international energy investment company, XRG, diversifying revenue streams, and unlocking value from Abu Dhabi’s oil and gas resources.
His Highness underlined the importance of sustaining ADNOC’s development strategies to ensure the company remains resilient and competitive, reinforcing its position to generate and maximise long-term value in a rapidly evolving global energy landscape.
His Highness highlighted that ADNOC’s international expansion is integral to this and the company, through XRG, has already closed several important international deals in 2025, including Arcius Energy, its joint venture with bp for upstream gas in Egypt, its stake in the Absheron gas and condensate field in Azerbaijan, and its participation in Offshore Block 1 in Turkmenistan.
His Highness evaluated how ADNOC is building new revenue streams, expanding trading activities and exploring digital asset opportunities as it continues to maximise value from oil and gas production. A key part of its success has been the expansion of ADNOC’s global trading footprint, which marked a major milestone with the recent opening of a trading office in Geneva, Switzerland.
His Highness noted that in the five years since ADNOC’s trading businesses were launched, they have created significant value for the country, equipped UAE Nationals with new skills and experience in international commodity trading and strengthened the UAE and Abu Dhabi’s role as a global trading hub. Building on these efforts, His Highness gave directives to further leverage AI to optimise trading operations, enhance operational efficiency and competitiveness, and future-proof the company. His Highness was also updated on how ADNOC is reinforcing business continuity and empowering UAE Nationals to lead in critical roles. Read More
Uber and Chinese autonomous driving company Momenta have selected Munich as the launch city for their joint Robotaxi project, with commercial operations slated to begin in 2026. Following the launch, local residents will be able to summon Momenta Robotaxi vehicles via the Uber app, offering a safe and reliable autonomous mobility experience. The announcement, which was made on Monday, marks a milestone in the companies’ strategic partnership and sets the stage for a broader rollout of Robotaxi services across Europe. Read More
Horizon Robotics announced the establishment of its European headquarters in Munich, Germany, marking a pivotal step in localizing its global operations. The company made the announcement at the IAA, where it is showcasing a range of its products including the Journey 6 computing platform and its latest HSD system for urban roads.
Another highlight at its booth is the European version of Nio’s Firefly model—equipped with Horizon’s proprietary Journey computing platform—highlighting its commitment to delivering responsive, safe, and premium intelligent-driving experiences tailored to European standards.
So far, Horizon has offered solutions to over 400 models from over 40 Chinese and overseas brands including BYD and Volkswagen.
The company has underscored its capability to provide full-chain technological support—from adaptation to homologation—ensuring compliance with international and EU safety standards. . Read More
CATL unveiled its latest generation of electric vehicle (EV) batteries here for the European market, highlighting a growing presence and commitment in the region. The launch came two days before the opening of the 2025 IAA Mobility show in Munich, Europe’s leading auto industry gathering.
The new battery, dubbed “Shenxing Pro,” is based on lithium iron phosphate (LFP) chemistry and will be offered in two versions tailored to the European market. A long-life model is designed for up to 12 years or 1 million km of use and offers a maximum driving range of 758 km, well above the 300-to-500 km level typically delivered by LFP batteries. The other version is a fast-charging model, which can add 478 km of range in just 10 minutes of charging. Read More .
Baker Hughes Rig Count: : International -3 to 1076, :U.S. +1 to 537 Canada +6 to 181
U.S. Rig Count is up 1 from last week to 537 with oil rigs up 2 to 414, gas rigs down 1 to 118 and miscellaneous rigs unchanged at 5.
Canada Rig Count is up 6 from last week to 181, with oil rigs up 3 to 123, gas rigs up 3 to 58 and miscellaneous rigs unchanged.
International Rig Count is down 3 from last month to 1,076 with land rigs down 3 to 833, offshore rigs unchanged.
The Worldwide Rig Count for August was 1,793, up 7 from the 1,786 counted in July 2025, and down 153, from the 1,946 counted in July 2024.
| Region | Period | Rig Count | Change |
| U.S.A | September 05, 2025 | 537 | +1 |
| Canada | September 05, 2025 | 181 | +6 |
| International | August 2025 | 1076 | -3 |
| Baker Hughes |
Woodside Energy Trading Singapore Pte Ltd (Woodside) and PETRONAS LNG Ltd (PLL), a subsidiary of Petroliam Nasional Berhad (PETRONAS), have finalised a fully termed sale and purchase agreement (SPA) for the supply of 1 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) to Malaysia from 2028 for a period of 15 years.
This milestone marks the successful conversion of the non-binding Heads of Agreement (HOA) signed in June 2025 into a binding commitment, reinforcing the shared ambition of both companies to deepen cooperation across the LNG value chain. Under the agreement, LNG will be supplied from Woodside’s global portfolio, which may include volumes from the recently approved Louisiana LNG project in the United States. The SPA also supports PETRONAS’ efforts to enhance energy security in Peninsular Malaysia by integrating upstream gas developments with LNG imports to meet rising demand from the power and industrial sectors, driven by data centre growth, the wider adoption of artificial intelligence technologies and the transition away from coal-fired generation. Read More
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
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