Global news updates and expert commentary on the energy and automotive sectors
London, September 10, 2025, (Oilandgaspress) –––ExxonMobil expects the European Union to sign multi-decade U.S. gas contracts under its pledge to buy billions of dollars of American energy, the Financial Times reported on Wednesday. The EU in July pledged to buy $750 billion of U.S. energy by 2028 as part of a sweeping trade pact with Washington.(Reuters) Read More
Under EU rules, manufacturers must cut average CO2 emissions by 15% in 2025 compared to 2019 levels.
Unlike carmakers, however, truckmakers can comply with the emission regulations by improving diesel efficiency and using regulatory flexibilities rather than selling large volumes of electric vehicles. Five of the seven largest EU truckmakers – DAF, Scania, MAN, Volvo Trucks and Renault Trucks – are on course to meet the target without further improvements, the ICCT said.
Daimler Truck and Iveco are lagging but could avoid penalties with modest changes. Scania, along with Volvo Trucks, met the 2025 target two years ago, largely by cutting emissions from internal combustion engine (ICE) trucks. Read More
NIO Inc. announced a proposed offering (the “Equity Offering”) relating to a total of up to 181,818,190 Class A ordinary shares of the Company, which consists of an offering of American depositary shares (“ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”) and an offering of Class A ordinary shares (the “Ordinary Share Offering”). The ADSs and/or Class A ordinary shares offered in the Equity Offering will be allocated between the ADS Offering and the Ordinary Share Offering based on investor interests.
The Company intends to grant the underwriters in the Equity Offering a 30-day option to purchase up to an additional 27,272,729 ADSs, which, if exercised, will be settled solely in ADSs.
The Company currently plans to use the net proceeds from the Equity Offering to invest in the research and development of core technologies for smart electric vehicles, develop future technology platforms and vehicle models across its brands, expand its battery swapping and charging network, further strengthen its balance sheet, and for general corporate purposes.
Morgan Stanley Asia Limited, UBS Securities LLC, UBS AG Hong Kong Branch and Deutsche Bank AG, Hong Kong Branch are acting as representatives for the underwriters for the Equity Offering. The ADSs and Class A ordinary shares will be offered under the Company’s shelf registration statement on Form F-3 which was filed with the Securities and Exchange Commission (the “SEC”) and automatically became effective on May 21, 2024. A preliminary prospectus supplement related to the proposed Equity Offering has been filed with the SEC. Read More
The new Ferrari 849 Testarossa and Ferrari 849 Testarossa Spider. The 849: Testarossa has been developed with the aim of improving performance while maintaining a high level of driving pleasure. While embracing state-of-the-art technology, the 849 Testarossa uses plug-in hybrid technology to produce a total power output of 1050 cv – 50 cv more than the SF90 Stradale.The engine block and cylinder heads are new, the exhaust manifolds and intake plenums thoroughly upgraded, while the turbochargers are the largest ever fitted to a Ferrari road car.
The result is 830 cv alone for the V8, with the hybrid powertrain adding a further 220 cv for a total 1050 cv. The huge output allows the 849 Testarossa to accelerate from 0-100km/h in under 2.3 seconds, go on to a top speed beyond 330km/h where legal and lap the Fiorano test track in just 1 minute and 17.5 seconds. With its 7.45kWh lithium-ion battery fully charged, the 849 Testarossa can also drive for up to 25km on nothing but electricity. Naturally the 849 Testarossa’s chassis has been thoroughly revised to complement the increased performance, including with the introduction of the ABS Evo braking system, and revised springs and dampers to sharpen handling while preserving comfort. Read More
Daimler Buses sends its first coach with hydrogen‑based fuel cell drive on test drives. The technology carrier “H₂ Coach” from the Setra brand paves the way for the future of locally emission‑free longer coach travel, in addition to battery‑electric coaches. Daimler Buses plans to have battery‑electric coaches in its portfolio by the end of the decade; with fuel-cell coaches set to go into series production in the next step. The technology of the H₂ Coach is largely based on the drive components of the Mercedes‑Benz GenH2 Truck fuel cell truck from the Daimler Truck parent company. The range of the H₂ Coach with a full tank is defined as a minimum of 800 kilometers.
The heart of the 13.9 meter‑long high‑decker with the model designation S 517 HD is a combination of two hydrogen tanks with a total tank capacity of 46 kilograms and the cellcentric fuel cell unit. Together with the Volvo Group, Daimler Truck is pursuing the objective of becoming a world-leading fuel cell manufacturer with the cellcentric joint venture and thus making a decisive contribution to sustainable transportation by 2050.
The fuel cell unit with a total output of 300 kW converts the hydrogen into electrical energy, which is converted into mechanical drive energy by the central motor. The electric motor is designed for a continuous output of 320 kW and a maximum output of 400 kW, with a torque of 1,368 Nm and 2,470 Nm respectively. The integrated battery pack serves to temporarily store the electrical energy and to provide situational power support in order to operate the fuel cell with optimum efficiency.
The S 517 HD converted into an H₂ Coach with a permissible gross vehicle weight of 24.7 tons has been approved as a test vehicle on the basis of the TÜV report, in accordance with Section 19.6 of the German Regulations Authorizing the Use of Vehicles for Road Traffic, which, in addition to the test series on the internal testing grounds of Daimler Buses, also permits test drives on public roads. Read More
The future Audi F1 Team and adidas are announcing a multi-year partnership that will see the German sporting goods manufacturer become the team’s official apparel partner. The collection, which will be released before the start of the 2026 season, aims to combine stylish designs, which impress thanks to their clarity and precision, together with cutting-edge technology.
As part of the partnership, adidas and the future Audi F1 Team are working closely together to develop a comprehensive collection of high-performance equipment – fulfilling specific requirements – for the drivers, mechanics, engineers, and other team members at the track. The common goal is to create functional products that provide the team with the best possible support for their daily work and promote peak output. In a sport that thrives on continuous progress, the collection also sets new trends in motorsport culture – characterized by state-of-the-art adidas technology and a fresh, innovative approach for the paddock and beyond.
As fans are at the heart of this partnership, adidas and the future Audi F1 Team have embraced their passion for the sport from the very beginning, shaping a collaboration that goes beyond the mere development of apparel. United by a shared cultural passion for sports and innovation and emotional design, the two brands will launch an exclusive product line of apparel, footwear, and accessories worldwide — even before the first race — giving fans the opportunity to show their solidarity with the team. Read More
Volkswagen of America, Inc. is spotlighting the new Black Package available for the 2025 Volkswagen ID.4, giving the all-electric SUV an even bolder, more distinctive look. Available on S and S Plus trims, the package adds black mirror caps, door handles, badging and flitzer, along with 20-inch black painted aluminum-alloy wheels; S Plus models also include an auto-dimming driver’s side mirror.
Assembled in Chattanooga, Tenn., the 2025 Volkswagen ID.4 builds on last year’s upgrades with new technology, and styling choices, including the Black Package. Prices start at $45,095 for the 82-kWh ID.4 Pro. The majority of production for the 2025 model year is available in five trims: two Entry (Pro, AWD Pro); two S (Pro S, AWD Pro S); and one S Plus (AWD Pro S Plus, all with 82 kWh batteries. Starting with models produced in mid-April, all models add updated software which adds a door opening warning, enhanced seatbelt reminder, and available Premium Speech functionality. Mountain Lake Blue is a new exterior color for 2025. Read More
Mercedes-Benz sets new benchmarks in electric mobility with an extraordinary demonstration drive, impressively showcasing the potential and everyday usability of a future battery technology: A lightly modified EQS test vehicle was used for the journey. It was equipped with a lithium-metal solid-state battery. At the end of August, the vehicle completed the 1,205-kilometer trip from Stuttgart in Germany to Malmö in Sweden.
Remarkably, it did so without a single charging stop. This real-world achievement proves that the technology performs not only in the lab but also on the road. The EQS surpassed the previous record set by the Vision EQXX on its Stuttgart–Silverstone route by three kilometres (Link Media Site). It arrived in Malmö with an impressive remaining range of 137 km, too. This combination of long range, efficiency, and technological maturity marks a milestone for solid-state battery development and highlights its potential for future production vehicles. As the inventor of the automobile, Mercedes-Benz once again underscores its ambition to actively shape the future of mobility through this pioneering achievement. The solid-state battery system was developed in close collaboration with Mercedes-AMG High Performance Powertrains (HPP), the Formula 1 technology centre of the Mercedes-Benz Group in Brixworth, UK. The lithium-metal cells used in the vehicle come from U.S.-based manufacturer Factorial Energy and are based on FEST® technology (Factorial Electrolyte System Technology).
To support the cells during the volume changes typical of this technology and to ensure the necessary contact pressure on the cells, the solid-state battery is equipped with pneumatic actuators. These actuators respond to the changes in cell volume during charging and discharging, thereby ensuring the flawless operation of the battery over time. The usable energy content of the battery was increased by 25%, while the weight and size of the battery remain comparable to the standard EQS battery. Additional weight and energy efficiency is achieved through passive airflow cooling. Read More
The saddlers from the Mercedes-Benz Classic Center and the tailors from Henry Poole & Co from London’s Savile Row delighted the audience at the Concours of Elegance at Hampton Court Palace, London, last weekend. In a joint demonstration workshop, the experts for classic automobiles showed how to rebuild and reupholster the leather seat of a Mercedes-Benz 300 SL (W 198) from scratch during a full restoration. Directly adjacent to this, the tailors from Henry Poole sewed a made-to-measure suit jacket. The Concours of Elegance was founded in 2012, with the premiere at Windsor Castle. Hampton Court Palace has been the venue of the event since 2017. Earlier in 2025 Mercedes-Benz UK Ltd. received a Royal Warrant of Appointment to His Majesty The King, recognising the consistent supply of Mercedes-Benz motor vehicles to the Royal Household.Read More
Porsche’s latest model returns to one of the brand’s oldest stomping grounds: a prototype of the upcoming Cayenne Electric made an appearance at the FAT Mankei Season Closing on the Großglockner High Alpine Road – a legendary route that has played a central role in the development of Porsche sports cars since the very beginning. The specific example that appeared on the High Alpine Road – at times amidst snow and rain – was the very same car that earlier this year thrilled crowds at the Goodwood Festival of Speed and that also took more than four seconds off the previous SUV record at the historic Shelsley Walsh Hill Climb. On those occasions, TAG Heuer Porsche Formula E Team simulator and development driver Gabriela Jílková was behind the wheel. Read More
Connecting the two fields opens wide prospects for Cyprus to export gas to Europe through Egypt and reinforces Egypt’s position as a regional hub for energy trade and distribution. Karim Badawi, the Minister of Petroleum and Mineral Resources, met with Cypriot Minister of Energy and Industry George Papanastasiou to look into accelerating the connection of Cypriot natural gas fields Cronos and Aphrodite to Egypt’s energy infrastructure by 2027. The meeting took place on the sidelines of the GASTECH 2025 conference and exhibition in Milan, Italy. In the meeting, the two ministers reaffirmed their commitment to providing all necessary support to ensure the success of joint strategic projects in the best interest of both sides. Read More .
American economist Noah Smith. It’s fascinating because Smith is, in his own country, a passionate supporter of renewable energy, and an eloquent critic of Donald Trump’s hostility to wind and solar power. Yet on his Substack platform last week, Smith wrote: ‘To see how a mismanaged and misguided push for green energy can hurt a country’s economy, you have to look no further than the UK
‘The UK was one of those small special cases where it really did make sense to keep using fossil fuels. The UK is a relatively small nation, so this wouldn’t have made much of a difference to climate change. Now, expensive energy is causing a political backlash in the UK. And why shouldn’t it? The UK chose to deprive its citizens and companies in order to produce a totally performative emissions reduction, setting an example that almost no other countries followed.’ Yes, it’s performative, because we have simply offshored our emissions: for example by taking colossal quantities of ‘renewable’ wood from North America to burn in the mighty Drax power station, rather than British coal it used to burn. As for no other countries following, it’s more than that: countries or leaders who previously took a similar line, have smartly reversed. Read More
Volkswagen Group united industry leaders at the 4th Semiconductor Summit during IAA Mobility in Munich to provide insights on its semiconductor procurement strategy while strengthening partnerships and advancing innovation between the automotive and semiconductor industries. A highlight of this year’s Summit was Volkswagen Group’s new level procurement model with Rivian and Volkswagen Group Technologies, covering more than 50 semiconductor categories. These include core components such as microcontrollers, power transistors, and printed circuit boards that power and connect modern vehicles. The initiative reflects the Group’s proactive approach to expand its supplier base, build resilient partnerships, and strengthen its ambition to become the Global Automotive Tech Driver. Semiconductors are a key driver of automotive innovation, powering electrification, enhancing performance and safety, and shaping the user experience. Their importance has grown dramatically: the first-generation Volkswagen Golf relied on about 30 semiconductors, while today’s model contains roughly 8,000. That number continues to rise, reaching around 18,000 in the latest fully electric models such as the ID.7. In certain applications, the focus has shifted from basic chips prioritizing reliability to advanced components that enable sophisticated features, similar to those used in high-tech industries such as aerospace. Read More
INEOS announced its decision to relocate its corporate headquarters from the United Kingdom. The move reflects the company’s long-term strategic priorities and its commitment to strengthening its global operations in a rapidly evolving industrial landscape. INEOS emphasized that while the headquarters will move abroad, it will maintain a significant presence in the UK through its existing plants, refineries, and workforce. The decision will not affect day-to-day operations at its UK facilities, which remain critical to both domestic and European supply chains.
INEOS has recently expanded its portfolio with major investments in hydrogen, carbon capture, and advanced recycling technologies. The new headquarters location will enhance the company’s ability to accelerate these projects, attract international talent, and build new partnerships with governments and industries driving the transition to cleaner energy. Read More
During the period from 1 to 5 September 2025, Eni acquired on the Euronext Milan no. 2,655,726 shares (equal to 0.08% of the share capital), at a weighted average price per share equal to 15.0618 euro, for a total consideration of 39,999,999.29 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
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $63.29 | Up |
| Crude Oil (Brent) | USD/bbl | $67.06 | Up |
| Bonny Light 09/09/25 CBN | USD/bbl | $68.56 | Up |
| Dubai | USD/bbl | $69.50 | Up |
| Natural Gas | USD/MMBtu | $3.02 | Down |
| Murban | USD/bbl | $70.47 | Up |
| OPEC basket 09/09/25 | USD/bbl | $69.88 | Up |
| At press time September 10, 2025 |
For the launch of the new BMW iX3, BMW and its lead agency Jung von Matt Hamburg are presenting an international campaign that marks the start of a new era. The claim “The first of a new era” serves to position the BMW iX3 as the first model based on the future-forward Neue Klasse platform. This new chapter in the history of BMW puts the focus on electric mobility, digitalisation and sustainability while exploring new facets of the Sheer Driving Pleasure that has always been a key part of the BMW brand DNA. The focal point of the campaign is a brand film, which, following the premiere of the BMW iX3 at the IAA Mobility 2025 (9 to 14 September 2025), will be used in all global markets – on TV as well as the brand’s digital channels.
The film recalls the unique history of BMW using legendary models such as the BMW 1800, the BMW M1, the BMW 3 Series, the BMW X5 and the electrified BMW i8. These vehicles are literally “coming home” to the BMW Headquarters so they can witness the birth of the new BMW iX3. As a new milestone, this vehicle provides a bridge between a past steeped in tradition and an electric, digital and sustainable future. The film was produced by Tempomedia.
It is accompanied by ten product short films, one product launch film, and content optimised for social media. Illustrating the hallmark BMW driving enjoyment for the digital age, these can be deployed globally. Read More
Octopus Energy is turning up the heat on Germany’s automotive industry by launching its successful EV business, Octopus Electric Vehicles (‘Octopus EV’), bringing the UK’s leading all-in-one EV package to German soil.
Following the success of Octopus Energy in Germany, which now boasts more than 800,000 customers, Octopus is now stepping into the automotive arena – ready to challenge the market and supercharge EV adoption with simplicity, affordability, and state-of-the-art tech.
Octopus EV is not just another leasing option – German drivers will soon be able to get their electric car, home charger, access to the world’s fastest-growing roaming service, Octopus Electroverse, and the smartest energy tariff all in one seamless bundle.
Thanks to Octopus’ market-leading Intelligent Octopus smart tariff, drivers could save up to €450 annually compared to a standard tariff by automatically charging when energy is cheapest and greenest. Read More
BYD recently unveiled the Super-e Platform, featuring a “flash-charge” version of its Blade Battery that can add over 400 km of range in just five minutes by using a 1,000 kW charging system, aiming to match the speed of filling a fuel car. The company is also developing a new, high-energy-density solid-state battery technology, which is in road testing and is expected to enter mass production around 2030, potentially offering up to 1,500 km of range. The Blade Battery also passed other extreme test conditions, such as being crushed, bent, being heated in a furnace to 300°C and overcharged by 260%. None of these resulted in a fire or explosion. Read More
SMMT’s latest Trade Report, Unmarked Routes: Britain’s Pathway to Stronger Automotive Trade, sets out how the UK sector remains a global trading powerhouse, generating £115 billion in imports and exports last year. The sector is on course to generate more than £110 billion in trade for the third year running, shipping vehicles, parts and components around the world, in the face of incredibly tough conditions with tariff barriers, rising protectionism, and geopolitical uncertainty.1
While Brexit can be viewed as one challenge among many, leaving the EU has fundamentally altered trade conditions between the UK, the EU and other major trading partners. The industry has had to absorb significant costs from new customs and border requirements, while facing additional regulatory and tariff barriers and trying to secure billions to invest in electrification and other new technologies. Despite the EU-UK Trade and Cooperation Agreement (TCA) being signed almost five years ago, uncertainty still remains, with lack of clarity on trade definitions for key battery components and tougher rules of origin for electric vehicles due to kick in in less than 16 months’ time.
While many factors have affected global trade performance since Brexit, bilateral UK-EU automotive trade has underperformed compared with the UK’s trade with the rest of the world. This has been most visible in a slowdown in both export and import values with the bloc. Given the export focus of the sector, growing trade with all export markets is important but, with more than half of UK car exports heading into the EU and the vast majority of cars bought in Britain coming from Europe, the importance of cross-Channel trade is stark.
The UK and EU sectors remain inextricably linked, despite Brexit delivering a seismic change in trading conditions. £68.4 billion in annual automotive trade was generated between the two markets last year, representing by far the bulk (59.7%) of all UK Automotive trade value. A closer relationship would help safeguard this critical business – business that is increasingly driven by electrified vehicles (EVs) – with battery electric, plug-in hybrid and hybrid models now the largest proportion of cross border automotive trade. Read More
Five years on from Brexit – a seismic shock to the UK’s global trading relationships of itself – and the UK automotive industry faces further global trade, political and economic challenges. Tariffs have upended the established order, competition is getting ever more fierce, the shift to electrification is far from smooth and geopolitical tensions are rising. Throughout it all, the sector has shown remarkable resilience, generating £115 billion worth of trade in 2024 and is on track to remain above the £110 billion threshold for the third year running. In the first half of 2025, UK shipments of motor vehicles and parts represented 12.6% of all British manufactured goods exported, the second most valuable commodity across all UK industrial products. These exports range from high-value, state-of-the-art vehicles to precision-engineered components and emerging mobility technologies, all produced by globally recognised and trusted brands.
While overall vehicle production volumes are down as the sector retools and restructures for an electric future, the UK remains a force in global automotive trade, exporting to all corners of the world. We remain open to imports and produce a diverse range of cars, vans, buses, trucks, taxis, and even specialist and off-road vehicles that are often world renown and increasingly utilising low and zeroemission technologies. Most of these products continue to be exported to global markets. It is why strong, fair, and open trade is essential—particularly with Europe.
The EU remains the UK’s largest trading partner, receiving more than half of all UK exported passenger cars and supplying seven-in-10 of the cars sold in the UK. Whilst recent deals with the US and India are critically important, maintaining a tariff free and, indeed, closer relationship with our EU partners must be a priority. This trade is increasingly driven by imports and exports of electric and hybrid vehicles – products greater in value than their combustion engine equivalents so particular attention must be given to ensuring this trade can grow in both directions.. Read More
SMMT will be taking member companies to the world’s two biggest vehicle producers and markets – China and the USA. Both these visits are rare opportunities to engage directly with overseas manufacturing plants, including introductions with senior staff, all supported by SMMT.
In China, our visit includes stops at Hefei and Wuhan for meetings with major manufacturers, followed by the World New Energy Vehicle Congress in Haikou, including a special presentation session. In October, meanwhile, we will be in Alabama and Tennessee, attending the Southern Automotive Conference before visiting Mazda-Toyota Manufacturing, Nissan and Volkswagen. 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 |
China has rolled its first domestically developed 110-megawatt heavy-duty gas turbine off the assembly line and delivered the initial commercial unit, marking the start of full commercial application for the country’s most powerful homegrown machine in its class.
The turbine, referred to as Taihang 110 or AGT-110, was completed on Monday and is headed for commercial delivery, according to the Aero Engine Corporation of China (AECC) and a Xinhua News Agency report .. Read More
U.S. tariff storm disrupted Africa’s commercial landscape, the continent has responded by actively strengthening regional integration, diversifying markets and enhancing its role in industrial and supply chains. Most African economies are now subject to tariffs of 15 percent, while South Africa and several others face duties of up to 30 percent. Despite the mounting pressure from the U.S. trade policy, Africa has demonstrated remarkable adaptability and resilience in navigating the shifting global trade environment. China-Africa trade continues to lead, acting as a stable anchor in Africa’s trade structure. In 2024, bilateral trade reached 295.6 billion dollars, setting a new record for the fourth consecutive year. China has remained Africa’s largest trading partner for 16 straight years. . Read More
The summer of 2025 saw exceptional heat waves across Europe, with Spain recording extreme temperatures as high as 46 degrees Celsius, which shattered records dating back to 1965. France, meanwhile, issued orange alerts for 88 percent of provinces nationwide for the first time in its history. Against this backdrop, the value of China’s air conditioner exports to countries in the European Union climbed to 3.76 billion U.S. dollars in the first half of the year — up 43.2 percent year on year and a new record for the period, according to China’s General Administration of Customs.
With air conditioners evolving from luxury products to household necessities, Chinese manufacturers are expanding their footprint in the European market with their ability to combine competitive pricing with reliable performance, said Raul Rodriguez, managing director of FEGiCAT, which is one of Spain’s leading federations representing air conditioning installers. Chinese manufacturers such as Midea and Hisense have developed innovative portable air conditioners. These units do not require fixed installation and can be moved easily, which allows European households to avoid high installation costs and regulatory restrictions.
PortaSplit, Midea’s latest model tailored to the European market, has gained significant popularity in countries such as Germany, France, Italy and the Netherlands, according to Zhu Zhou, director of the company’s air conditioning division in Europe. Read More
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole , victor@oilandgaspress
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