Energy / Automotive News and Analysis OPEC $68.35/bbl, WTI Crude $65.21/bbl
London, July 01, 2025 (Oilandgaspress) –-India has more than doubled its crude oil imports from the United States since the start of this year as it seeks to avoid devastating tariffs under President Donald Trump’s plan to “fix” trade imbalances with foreign partners. The FT reported today, citing official data, that India had reduced purchases of Russian, Saudi, and Iraqi oil by as much as 70% in the first four months of the year, while imports from the U.S. rose by 120%. Still, Russia remains India’s biggest oil supplier, followed by Iraq and Saudi Arabia, with the United States replacing the UAE to become the country’s fourth-largest oil supplier. Read More
First cargo leaves LNG Canada Shell Canada Energy, an affiliate of Shell plc (“Shell”), announced that the first cargo of liquefied natural gas (LNG) has left the LNG Canada facility on the west coast of Canada. At 40%, Shell has the largest working interest in the LNG Canada joint venture. Located in Kitimat, British Columbia, the facility will export LNG from two processing units or “trains” with total capacity of 14 million tonnes per annum (mtpa). As Asian markets transition away from coal, exports from LNG Canada are well positioned to play a crucial role in global decarbonisation efforts. LNG is a lower-carbon alternative to coal when used for electricity generation and a partner for intermittent renewables.
Trump administration’s massive Gulf lease sale The Energy Workforce & Technology Council (EWTC) has released the following statement praising the Trump Administration’s announcement of a historic offshore lease sale in the Gulf of America, covering an area larger than the entire United Kingdom. The lease sale is slated to offer nearly 80 million acres for oil and gas development, signaling a clear shift back to American energy dominance.
“This is exactly the kind of leadership our industry and economy need,” said EWTC President Tim Tarpley. “By unlocking vast offshore reserves, the Administration is sending a loud and clear message: America is open for energy business again, and we’re doing it with American workers, American equipment, and American innovation. This isn’t just about crude barrels. It’s about jobs across Texas, Louisiana, Mississippi, and beyond. It’s about supply chains that stretch from Permian drilling tools to Gulf Coast ports. And it’s about reminding the world that American energy doesn’t play small.”
The sale, expected in December, includes more than 15,000 blocks in federal waters and could tap into an estimated 48 billion barrels of oil and 54 trillion cubic feet of natural gas, offering long-term energy security while reducing reliance on hostile foreign sources.
Energy Workforce & Technology Council represents over 650,000 workers across the energy services sector, many of whom directly support offshore development. The lease sale will drive investment in rigs, vessels, advanced subsea systems, and workforce training programs across the Gulf region.
Dangote Plans to List Oil Refinery by Next Year Aliko Dangote plans a stock listing for his Nigerian crude oil refinery by the end of next year to widen the company’s investor base.
Dangote also plans this year to list the group’s urea plant, which has a capacity to produce 2.8 million tons of the crop nutrient per annum, Dangote told the African Export-Import Bank’s annual general meeting in Nigeria’s capital, Abuja, on Friday.
The oil facility can processes 650,000 barrels of crude a day, making it the continent’s biggest refinery.
Nigeria’s downstream regulator and fuel marketers have accused Dangote of seeking to become a monopoly with his new refinery.
Lindsey oil refinery owner Prax falls into administration One of the UK’s largest oil refineries – and the only big one owned by a British company – has collapsed into administration, prompting calls for the government to intervene urgently to protect fuel supplies and jobs.
State Oil, which owns the Prax Lindsey refinery in north Lincolnshire, called in administrators on Monday, Sky News reported first, prompting concern from the trade union Unite.
The failure is likely to cause a headache for government officials, given that the company’s 5.4m tonne-a-year capacity represents nearly a tenth of the national total. About 180 people work at State Oil, and 440 more are employed at the Prax Lindsey refinery, according to Sky.
Renault Group’s stake in Nissan As of June 30, 2025, Renault Group will change the way it accounts for its stake in Nissan. Previously accounted for using the equity method, this investment will now be a financial asset measured at fair value through equity (estimated on the basis of Nissan’s stock price).
Accounting impacts of the change in method
The implementation of this new accounting treatment, resulting from the recent changes in the terms and conditions for the exercise by Renault Group of its rights related to its stake in Nissan, will result in the recognition of a loss estimated at €9.5 billion1, which will be recognized in the income statement, mostly as “other operating income and expenses” at the date of the change, with no cash impact and no impact on the calculation of the dividend paid by Renault Group.
This amount corresponds to the difference between the present carrying value of the investment and its estimated fair value based on Nissan’s stock price as of June 30, 2025, plus the impact of the recycling of conversion reserves and net investment hedges related to Nissan’s equity‑accounted securities.
Thereafter, any change in the fair value of the stake in Nissan (estimated on the basis of Nissan’s stock price) will be directly recognized in equity, with no impact on Renault Group’s net income.
This approach aligns the value of the stake in Nissan in Renault Group’s financial statements with the value of Nissan’s share price.
A pragmatic and business-oriented approach
Although this accounting change implies a significant adjustment to Renault Group’s financial statements, it does not change the strategic and operational commitments between Renault Group and Nissan.
The two partners continue to work on joint industrial and technological development programs, as evidenced by the new strategic projects announced on March 31, 2025.
These initiatives illustrate a relationship based on pragmatic and business-oriented decisions and show a common desire to maximize synergies and create value for both companies, while allowing each to maintain flexibility and efficiency for their operations.
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole , victor@oilandgaspress
Vestas wins 115 MW order in Germany Vestas has secured an order from ENERTRAG for V172-7.2 WM wind turbines for two projects in Brandenburg, Germany, totalling 115 MW. It is the largest order of V172-7.2 MW turbines to date for Vestas.
Led by strong momentum in Germany, Vestas’ +7MW wind turbines, consisting of the V162-7.2 MW and V172-7.2 MW, has surpassed 1 GW of firm order intake in May 2025 with the first commercial installations of these wind turbines successfully completed.
“We’re thrilled to have closed these two projects with ENERTRAG, one of Germany’s leading and most innovative project developers”, says Jens Kück, Senior Vice President, NCE Sales Onshore. “Our partnership with ENERTRAG builds on a long-standing, trusted relationship and mirrors our strong strategic alignment and shared commitment to innovation.”
“With this order, we are realising two major wind projects in our home region of Brandenburg. Both projects will become part of the ENERTRAG Verbundkraftwerk, supporting our strategy for a secure and 100% renewable energy supply. Thanks to Vestas latest turbine technology, we can deliver more energy with fewer installations – strengthening regional supply and reducing land use. The projects will power around 85,000 households and cut over 200,000 tons of CO₂ annually. Together with Vestas, we are advancing performance, innovation and local benefit,” says Dr. Gunar Hering, CEO ENERTRAG.
The agreement is for the supply, installation, and commissioning of twelve V172-7.2 MW wind turbines for the 86 MW Malchow Ost project, and four wind turbines of the same type for the 29 MW Tantow 1 wind farm. Upon completion, Vestas will service the turbines under a 25-year Active Output Management 5000 (AOM 5000) service agreement designed to ensure optimised performance of the assets.
Turbine delivery is expected to begin in the first half of 2027 with commissioning scheduled for completion in the second half of 2027.
Eni Côte d’Ivoire and the Italian Agency for Development Cooperation join forces Eni Côte d’Ivoire signed today a Letter of Intent (LoI) with the Italian Agency for Development Cooperation (AICS) to create positive synergies and maximize the impact of the parties’ actions to improve the well-being of communities in Côte d’Ivoire.
Potential areas of cooperation include economic development and diversification, education, technical and vocational training, water, sanitation and hygiene, community health and youth employability and entrepreneurship.
The agreement reflects Eni and Italian Cooperation shared commitment to sustainable development and inclusive growth in Côte d’Ivoire. By working together, the parties aim to strengthen their collaboration, contributing to the long-term well-being of the communities and to the United Nations 2030 Agenda for Sustainable Development that guide the Italian Cooperation actions.
Letters of Intents have also been signed between Eni subsidiaries and AICS in Nairobi (Kenya), Cairo (Egypt), Maputo (Mozambique) and Tripoli (Libya).
Vestas strengthens its market leadership in Romania Eurowind Energy has placed a 143 MW order for Frumusita, Vector and Pecineaga Northeast wind parks, located in Romania. The contract includes the supply and installation of 23 V162-6.2 MW wind turbines from the EnVentus platfrom. Vestas will also provide long-term service for the projects through a 20-year Active Output Management 5000 (AOM 5000) service agreement.
Vestas Mediterranean East General Manager, Srdan Cenic, says: “We are proud to partner with Eurowind Energy on this project, and we are grateful for their trust in us. This order demonstrates the strength of our local execution and service expertise, and our ability to deliver the latest wind technology in support of Romania’s energy transition”.
As Romania accelerates its energy transition through regulatory reforms, upcoming CfD auctions, and grid enhancements, Vestas continues to strengthen its presence in the market. With its Eastern Europe regional headquarters based in Bucharest, Vestas employs over 550 people across Romania, including a highly skilled team of service technicians supporting projects.
Since entering the Romanian market in 2009, Vestas has played a pivotal role in driving wind energy deployment across the country. With over 1.5 GW of installed capacity and under-construction projects, Vestas is currently the leading OEM in Romania’s wind sector. The company also services more than 1.2 GW, supported by a strong local infrastructure that includes five service hubs and a regional training center
“Romania is a core market for us, and we are happy to take the next step with this order. Frumusita, Vector and Pecineaga Northeast are very important projects for us and we look forward to building on our long-standing relationship with Vestas by realising the projects together,” says Morten Gaarde, Director for EPC, Eurowind Energy.
Turbine delivery is planned for the second half of 2026, while commissioning is scheduled for second half of 2027.
Hyundai Motor Group Tops 2025 J.D. Power U.S. Initial Quality Study Hyundai Motor Group (the Group) has been ranked as the top corporation in the J.D. Power 2025 U.S. Initial Quality Study (IQS) for the second consecutive year, underscoring its continued leadership in product quality and customer satisfaction across its Hyundai Motor, Kia and Genesis brands.
In the 2025 IQS, Hyundai Motor Group tied[1] for the highest overall ranking among all corporations, reflecting its ongoing commitment to customer-focused innovation and continuous quality improvement. Now in its 39th year, the results of the J.D. Power 2025 U.S. IQS are based on responses from 92,694 purchasers and lessees of new 2025 model-year vehicles, collected during the first 90 days of ownership. The study measures the number of problems experienced per 100 vehicles (PP100), with a lower score indicating higher quality.
Among individual brand results, Hyundai ranked third overall and second among mass-market brands. The SANTA CRUZ once again was named best in the Midsize Pickup segment[2]. Kia placed eighth overall, with the Telluride named the segment winner in the Upper Midsize SUV category. Genesis, meanwhile, improved to ninth place overall while retaining its position as the third-highest ranked premium brand.
Hyundai Motor Group also demonstrated manufacturing excellence in the 2025 IQS, with three of its production facilities recognized for exceptional build quality and low levels of defects and malfunctions.
• Hyundai Motor Ulsan Plant 5 and Kia AutoLand Gwangju Plant 1 in Korea tied for second place in the Asia-Pacific assembly plant rankings.
• Kia Mexico (KMX) ranked third among American assembly plants.
Hyundai Motor Group’s strong performance in the 2025 study reflects the success of its long-term R&D investments and its rigorous focus on quality at every stage of vehicle development and production.
Figures released on Friday by the Society of Motor Manufacturers and Traders (SMMT) revealed that UK factories produced a mere 49,810 cars and vans in May, marking a 33 per cent year-on-year decrease and the poorest monthly performance in 76 years, excluding the COVID-19 shutdowns of 2020, as reported by City AM.
This downturn follows Trump’s imposition of hefty tariffs on foreign-made cars, leading British companies like Aston Martin and Jaguar Land Rover to suspend shipments to the US from April. Aston Martin halts US exports amid Trump tariffs Aston Martin experienced a sharp downturn in its shares, from 119p to under 60p, amidst the chaos of tariffs which led the company to significantly cut exports to the US at the end of April. In light of the turbulence, the stock, listed on the FTSE 250, mounted a near 13 per cent recovery on the day of the announcement but has since struggled to climb out of its slump, ending at 70p on Wednesday.
In a scramble to take advantage of the new trade opportunity, Aston Martin’s CEO, Adrian Hallmark, detailed the firm’s aggressive plans: “It comes live on the 30th June… so we’re planning to invoice three months’ worth of sales in a 24-hour period.”
Hallmark also voiced relief over the agreement, remarking that UK car manufacturers were now “less worse off than some of (their) European and non-European competitors.”
British Gas, EDF, EON and Octopus customers urged to take photo of meter before midnight Customers of every major energy supplier including British Gas, EDF, EON and Octopus Energy are being urged to take a photo of their energy meter before midnight.
That’s because the Ofgem energy price cap is set to drop from Tuesday, July 1, meaning the average cost of gas and electricity for everyone on a standard tariff – which is still most UK households – will go down by 7%, or £129, from midnight.
That means if you used gas and electricity on Monday, June 30, but don’t take a meter reading tonight, your energy supplier could mistakenly think you used electricity and gas that you use on Tuesday, when prices are lower, on Monday when prices were higher, and inadvertently overcharge you.
European Geothermal Congress (EGC) Date: 6-10 October 2025, Location: Zurich, Switzerland Tickets are now on sale for EGC 2025 – the must-attend event for Europe’s geothermal sector! Held every three years, this flagship congress brings together 1200+ industry leaders, policymakers, and innovators for a week of collaboration, discovery, and impact.
Taking place from 6 to 10 October 2025 in Zürich, the European Geothermal Congress (EGC) is a premier event that not only unites the entire European geothermal sector but also elevates it to new heights. As the key event for the energy transition, the EGC aims to integrate geothermal energy into the European energy mix, playing a crucial role in the decarbonisation of the EU and enhancing energy independence.
EGC serves as a comprehensive platform for presenting and discussing the latest developments in the market, technology, science, industry, and policy of geothermal energy across Europe. It brings together all the key actors, including industry leaders, researchers, policymakers, and financiers, facilitating robust dialogue and collaboration.
New energy vehicles drive overseas growth China’s automobile exports are experiencing a remarkable surge driven by logistic upgrades and new energy vehicle dominance.
Chinese leading NEV maker BYD received its sixth roll-on/roll-off ship on Tuesday. Named BYD Changsha, the vessel is capable of carrying 9,200 vehicles.
Three days before that, the company received another ship with the same capacity named BYD Xi’an. That ship has set sail from Taicang, Jiangsu province, in eastern China. It is heading toward European countries including Italy, the United Kingdom, Spain, and Belgium.
With two more vessels scheduled for delivery this year, BYD will boost the fleet’s annual capacity to more than 60,000 vehicles, enhancing overseas delivery efficiency, cutting costs and transport cycles for BYD. The logistics expansion also mirrors the broader industry’s push to conquer global markets. This maritime upgrade comes as China’s automobile exports hit 2.83 million units from January to May, growing 16 percent year-on-year, according to data from the China Passenger Car Association.
In the first five months, the primary destinations for these exports included Mexico, the United Arab Emirates, Russia, Brazil, and Belgium.
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole , victor@oilandgaspress
Early in Europe, Brent crude had risen to $67.91 a barrel, while WTI was at $65.15. The prices has since dropped as the market continues to fluctuate due to continued conflict in the Middle East, with investors monitoring the shaky ceasefire.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $65.21 | Down |
| Crude Oil (Brent) | USD/bbl | $66.88 | Down |
| Bonny Light 23/06/25 CBN | USD/bbl | $80.92 | — |
| Dubai | USD/bbl | $65.56 | — |
| Natural Gas | USD/MMBtu | $3.42 | Down |
| Murban | USD/bbl | $68.20 | Down |
| OPEC basket 30/06/25 | USD/bbl | $68.35 | — |
Four-strong works team for Le Mans Classic recreates famous 1929 Bentley Boys photo Four modern Mulliner-built and race prepared Continuation Series Bentleys will contest their class in the Le Mans Classic on July 3-6. Three Blower Continuation Series cars and one Speed Six Continuation Series example will be in action, making this the largest Bentley works team to race at the La Sarthe circuit since 1930. The owners of the four-strong squad have been supported by Mulliner through its classic racing programme, with preparation including race practice over several months. To celebrate, the owners and their cars gathered in London to recreate an iconic photograph taken in 1929.
All four Bentleys have been painstakingly prepared by the Mulliner Classic team, and each driver will be supported by a dedicated duo of engineer and mechanic from Bentley. Responsibility for the smooth running of all four entries will be in the capable hands of Race Manager Dave Argent, whose CV includes several seasons as a technical manager for the successful Bentley Motorsport Continental GT3 race team.
Reviving a pre-war Bentley works team tradition, the works Continuation Series Bentleys, their drivers and team manager assembled on 24 June at Mount Street in Mayfair for a team photo. This location was the backdrop to a famous photograph of the works Bentley team after the 1929 24 Hours of Le Mans, and is just 150m from the Mayfair apartment owned by Bentley Boy Bernard Rubin.
Mitsubishi Corporation announced that the LNG Canada Project (“the Project”), has shipped its first LNG cargo as of June 30th, local time.
The Project is Canada’s first large-scale LNG project with a production capacity of 14 million tons per annum (mtpa). MC will offtake 15% of the LNG produced (approximately 2.1 mtpa) and supply it to customers across Asia, with Japan as the primarily destination, through its wholly-owned LNG marketing subsidiary, Diamond Gas International Pte. Ltd.
As cleaner-burning energy sources, LNG and natural gas are increasingly seen as realistic solutions for the energy transition toward a decarbonized society. Their role is especially critical amid growing global energy demand driven by economic development, population growth, and rising electricity consumption from emerging technologies such as artificial intelligence.
With its abundant natural gas reserves and geographic proximity to Asia, Canada is expected to play a pivotal role in ensuring a stable energy supply to the region.
MC and its partners are also exploring opportunities to double the Project’s LNG production capacity and remain committed to creating long-term value that benefits our stakeholders and society.
More than 2,500 Mercedes-Benz eCitaro buses in use by European transport companies The Mercedes-Benz eCitaro reaches a new milestone: More than 2,500 units of the low-floor electric bus have rolled off the production line in Mannheim since the start of series production at the end of 2018 and have been delivered to customers. Numerous large orders from German cities such as Stuttgart, Hamburg, Bonn, Dresden, Bremen, Wiesbaden, Nuremberg or Mannheim, but also transport companies in France, Italy, Sweden, Austria, Switzerland, Poland and many other European countries prove: trust in the electric bus with the three-pointed star has made it a real model of success.
“Thanks to ongoing further development, the battery-electric Mercedes-Benz eCitaro has continuously expanded and continued its success story,” says Mirko Sgodda, Head of Marketing, Sales and Customer Services Daimler Buses. “We have continuously improved it in terms of drive variants, safety and range – and the success speaks for itself: the eCitaro is attractive, safe, reliable and economical to operate. On request, Daimler Buses supports customers in the transition to electromobility with turnkey solutions f0, 2365+rom a single source consisting of electric buses, charging infrastructure and depot management.”
Constantly growing number of variants for European public transport
The Mercedes-Benz eCitaro combines the tried and tested platform of the Citaro, the best-selling Mercedes-Benz city bus of all time, with new technological solutions and a novel design. The powerful and locally CO2-free low-floor electric bus covers demanding routes and almost 100% of all transport companies’ requirements for maximum range.
Test vehicle Setra TopClass S 516 HDHSetra – the name has been the epitome of premium coaches for more than seven decades. The exclusive TopClass HDH models take coach travel to a new level. They combine maximum long-distance comfort, individual luxury and technical excellence to create a true travel experience. The exciting design and the latest assistance systems make the current Setra coaches the flagships of every fleet.
The Setra family face: form and function perfectly combined
Premium brands such as Setra are characterized by a high recognition value – whether across generations or within the model range. The current Setra family face is an outstanding example of this – form and function are perfectly combined with design elements typical of the brand. The brand lettering is three-dimensionally carved out in chrome and appears to float on its glossy black background. The advantage of the dark rear: the radar technology for assistance systems is concealed inconspicuously behind it, and the previously clearly visible cut-out for it is barely recognizable. Two chrome clasps frame the dark area with the brand lettering like a piece of jewelry. Above this, a Kässbohrer brand badge now confidently emphasizes the origin and long tradition of the Setra brand.
Ingenious: The curved braces merge into a full LED lighting element at the side. The blinker, daytime running light and position light are combined in this light guide. A Setra is not only elegant, it is also always practical: the lighting elements are identical on the left and right – experts refer to this as a cover component. This makes it easier to keep a stock of spare parts and thus to replace them if they have to be changed during a bumpy day on the coach. Below the lighting elements, new, even brighter LED headlights with a technical design similar to a theater headlight also set visual accents. The same applies to their black chrome housing. Attentive observers will also spot the Setra brand lettering here. The result is an unmistakably independent brand face from a single source, harmonious and self-confident at the same time. Whether in the rear-view mirror of a vehicle in front or when the coach is approaching a waiting group – a Setra is unmistakable.
Baker Hughes Rig Count: U.S.-7 to 547 Canada +1 to 140
U.S. Rig Count is down 7 from last week to 547 with oil rigs down 6 to 432, gas rigs down 2 to 109 and miscellaneous rigs up 1 to 6.
Canada Rig Count is up 1 from last week to 140, with oil rigs up 1 to 94, gas rigs unchanged at 46 and miscellaneous rigs unchanged at 0.
| Region | Period | Rig Count | Change |
| U.S.A | June 27, 2025 | 547 | -7 |
| Canada | June 27, 2025 | 140 | +1 |
| International | May 2025 | 886 | -5 |
TOYOTA ARENA TOKYO Construction Completed Toyota Fudosan Co., Ltd. (Toyota Fudosan), the owner of TOYOTA ARENA TOKYO (the Arena), held a construction completion ceremony on June 30. The arena project is being developed in collaboration with Toyota Motor Corporation (Toyota) and Toyota Alvark Tokyo Corporation (Toyota Alvark Tokyo).
In addition, Toyota Fudosan has set the Arena’s opening date for October 3 (opening day of the Resona Group B.LEAGUE 2025-26 Alvark Tokyo home game).
After the opening, Toyota Alvark Tokyo will be responsible for the operation of the Arena. It will be used as a home court by Alvark Tokyo, a member of the B.LEAGUE, and will also serve as a multi-purpose arena that can accommodate various events centering on sports.
Toyota Arena Tokyo will be the first arena in Japan to receive the international environmental LEED certification (the target this time is Gold)
Equinor and its partners are investing NOK 13 billion in the third phase of Johan Sverdrup , one of the world’s most carbon-efficient oil fields. New subsea infrastructure will increase recovery by 40–50 million barrels of oil equivalent (boe).
“By building on the technologies, solutions, and infrastructure from phases 1 and 2 of Johan Sverdrup, we can carry out an efficient development with a rapid start-up of production. The project increases the recovery rate and value creation from Johan Sverdrup, one of the world’s most carbon-efficient oil and gas fields. At the same time, it contributes to stable energy supplies to Europe,” says Trond Bokn, senior vice president for project development in Equinor. The development includes two new subsea templates which will be tied into existing infrastructure via new pipelines. The investment will increase recoverable volumes from the field by 40–50 million boe, with production expected to start in the fourth quarter of 2027.
To ensure optimal resource utilisation, the project leveraged artificial intelligence to analyse field layouts and well paths. This technology has enabled faster decision-making and resulted in cost savings of NOK 130 million for the phase 3 project.
The project also facilitates future value creation at Johan Sverdrup by adding extra well slots, and opportunities for connecting additional subsea templates..
Meren Energy Inc. announces that Mr. John Craig has stepped down from the Company’s Board and has been replaced by Ms. Cheryl Sandercock. As previously communicated, Mr. Craig, a Director of the Company since 2009, had informed the Board of his intention to step down last year and the appointment of Ms. Sandercock follows a recruitment process that was initiated earlier this year.
Ms. Sandercock is a highly experienced energy professional, having served as the Co-Head of Acquisitions and Divestitures in the Energy Advisory Investment Banking practice of BMO Capital Markets. She has advised on over USD 70 billion in transactions, including acquisitions, divestitures, mergers, farm-ins, equity raises, joint ventures for public and private companies, NOCs, and private equity investors. Ms. Sandercock’s prior experience includes another large Canadian international bank, independent reserve and resource assessments, and technical roles in drilling & completions, reservoir, production, development and gas storage engineering as well as field operations for an oil & gas exploration and production company.
Ms. Sandercock attended the Schulich School of Engineering at the University of Calgary, Canada, earning a B.Sc. in Chemical and Petroleum Engineering. She is a professional engineer registered with the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and holds the ICD.D designation from the Institute of Corporate Directors in Canada.
The Company also reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act.
As a result of the issuance of 76,231 common shares pursuant to the vesting of certain performance share units, the Company has 675,512,565 common shares issued and outstanding with voting rights as at June 30, 2025.
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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