Energy / Automotive News July 04, 2025. Gas @ $3.37/MMBtu
London, July 04, 2025 (Oilandgaspress) –- Baker Hughes Rig Count: : International +27 to 913, U.S. -8 to 539 Canada +11 to 151
U.S. Rig Count is down 8 from last week to 539 with oil rigs down 7 to 425, gas rigs down 1 to 108 and miscellaneous rigs unchanged at 6.
Canada Rig Count is up 11 from last week to 151, with oil rigs up 8 to 102, gas rigs up 3 to 49 and miscellaneous rigs unchanged at 0.
International Rig Count is up 27 from last month to 913 with land rigs up 31 to 730, offshore rigs down 4 to 183.
The Worldwide Rig Count for June was 1,600, up 24 from the 1,576 counted in May 2025, and down 107, from the 1,707 counted in June 2024.
| Region | Period | Rig Count | Change |
| U.S.A | July 04, 2025 | 539 | -8 |
| Canada | July 04, 2025 | 151 | +11 |
| International | June 2025 | 913 | +27 |
| Baker Hughes |
Susanne Wiegand to succeed Marianne Heiß on Volkswagen Supervisory Board A change is taking place among the shareholder representatives on the Supervisory Board of Volkswagen Aktiengesellschaft. Marianne Heiß has stepped down with effect from July 4, 2025. She is to be succeeded by Susanne Wiegand with effect from July 5, 2025. This change was announced by the company in Wolfsburg on Friday. Marianne Heiß had been a member of the Supervisory Board since February 14, 2018 and was also a member of its Audit Committee. Hans Dieter Pötsch, Chairman of the Volkswagen Supervisory Board, thanked Ms. Heiß for her many years of very good, loyal cooperation. He said that Ms. Heiß had enriched the work of the Supervisory Board with her extensive expertise in areas including corporate management and strategy, brand work, finance and accounting, as well as her comprehensive experience in the fields of environmental, social and governance (ESG) matters, her highly valued contributions and her integrated personality.
Susanne Wiegand has more than two decades of experience in leading functions with international listed and family-owned companies in the defense, engineering and shipbuilding industries. She is highly experienced and has considerable expertise in growth strategies, IPOs, transformation and industrial markets, as well as in risk management, compliance and export control. Ms. Wiegand is to chair the Audit Committee of the Supervisory Board.
As the U.S. celebrates Independence Day, oil prices have been dropped lower on expectations of further output hikes from OPEC+.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $66.34 | Down |
| Crude Oil (Brent) | USD/bbl | $68.21 | Down |
| Bonny Light 04/07/25 CBN | USD/bbl | $71.82 | Up |
| Dubai | USD/bbl | $69.53 | Up |
| Natural Gas | USD/MMBtu | $3.37 | Down |
| Murban | USD/bbl | $69.64 | Down |
| OPEC basket 03/07/25 | USD/bbl | $68.79 | Up |
Gunnar Kilian to leave Volkswagen’s Group Board of Management Gunnar Kilian will be leaving Volkswagen AG’s Group Board of Management with immediate effect. His current area of responsibility, Human Resources, will be taken over by Thomas Schäfer until further notice. The Group Supervisory Board adopted this resolution on Friday. This became necessary due to differing views on how holding companies should be managed Both the Chairman of the Supervisory Board Hans Dieter Pötsch and the Chairman of the Board of Management Oliver Blume expressed their sincere gratitude to Mr. Kilian for the work he had done. “Gunnar Kilian has been instrumental in the Group’s transformation in recent years. He ensured that the Human Resources Division is fit for the future and played a key role in the strategic realignment of the commercial vehicle business,” said Mr. Pötsch. “Gunnar Kilian used his in-depth knowledge of the Group and its structures to set important factors in motion that will shape the Group’s long-term success,” Mr. Blume added.
Hyundai Motor Publishes 2025 Sustainability Report Hyundai Motor Company has published its 2025 Sustainability Report, detailing the company’s comprehensive efforts, achievements, goals, and future plans for sustainable business operations.
Since 2003, Hyundai Motor has published annual sustainability reports to disclose a wide range of information demonstrating its commitment to sustainable management and facilitate active communication with stakeholders, including investors, customers, and communities worldwide.
“Hyundai is committed to sustainable mobility in the vehicles we offer and the processes we use to produce them. Hyundai has made incredible progress in reducing the environmental impact of our vehicles throughout their lifecycle, including the manufacturing process, with our ultimate goal of carbon neutrality by 2045,” said José Muñoz, President and CEO of Hyundai Motor Company. “Our ‘Progress for Humanity’ vision reflects our belief that advancing emissions-free mobility is not only sound business, but a shared responsibility to ensure cleaner air and a better quality of life for future generations.”
The 2025 report is structured around three core pillars: Environment, Social, and Governance.
Environment
The report highlights innovative projects to enhance vehicle circularity, including the Car-to-Car Project, which incorporates materials recycled from end-of-life vehicles into new car production. It also details significant investments in renewable energy expansion, including Korea’s largest corporate power purchase agreement (PPA) and the introduction of renewable energy initiatives at international facilities.
Social
This section covers Hyundai Motor’s participation in major global sustainability initiatives, including joining the Responsible Business Alliance[1] and Drive Sustainability[2]. The report outlines the company’s supply chain risk screening programs and new diversity initiatives, including updated goals for executives and employees and comprehensive training for global leadership and staff.
Governance
The governance section details Hyundai’s efforts to strengthen board independence and diversity and enhance decision-making transparency and stakeholder communications. These efforts include the appointment of senior independent directors, the establishment of an independent director council, and two new female directors.
To improve accessibility and usability, the report includes a separate “Sustainability Factbook” containing three-year trends of key quantitative sustainability data and indices aligned with global disclosure standards. These include the Global Reporting Initiative (GRI) and European Sustainability Reporting Standards (ESRS).
President of the Republic of Côte d’Ivoire meets with Eni CEO The President of the Republic of Côte d’Ivoire, Alassane Ouattara, met today with Eni’s CEO, Claudio Descalzi, to discuss the progress of the main energy and sustainability projects launched by Eni in the country, as well as future perspectives for collaboration.
The meeting placed special emphasis on the strategic role of gas in the country’s energy access. With a total production of Phase 1 and 2 of more than 62,000 barrels of oil and more than 75 million cubic feet of gas per day, which is set to rise up to 150,000 barrels of oil and 200 million cubic feet per day with the start-up of Phase 3, the Baleine project is a key pillar in meeting domestic energy demand. The gas production plateau, estimated at around 12 years, ensures significant continuity over time. Indeed, 100% of the gas produced is used to supply Côte d’Ivoire’s domestic market, significantly supporting the country’s energy security and promoting national industrial growth.
The entire gas chain contributes to ensuring reliable, sustainable and clean access to energy, reducing dependence on imports and strengthening Côte d’Ivoire’s energy autonomy. This strategic approach is part of a broader framework of sustainable development and energy transition, of which the Baleine project is a model of excellence in the African scenario, being the first net-zero emission upstream development on the continent.
The discussion also touched the importance of the Calao discovery made in March 2024, which confirmed the potential of the Ivorian offshore basin. This discovery, once developed, could bring gas production up to 500 million cubic feet per day, helping to strengthen Côte d’Ivoire’s role as an energy-exporting country in the region. The signing of four new exploration contracts in November 2024 underlines the importance of the area and Eni’s willingness to continue investing in the country, with a long-term approach.
Another key theme was the development of local supply chains for the production of sustainable agricultural raw materials for biorefining. Just recently, Eni exported the first cargo of Hevea oil to Enilive’s biorefineries, while in May the company signed a Memorandum of Understanding with the Ministry of Agriculture to foster the growth of a strong supply chain in the sector, exploiting the full potential of Hevea residues within a circular economy framework.
The CEO and the President also discussed the recent progress of the decarbonization projects promoted by Eni, including the Clean Cooking program, which has already reached more than 700,000 people in vulnerable conditions, with a target of 2.5 million by 2030, and the initiative to protect and restore 14 classified forests in the country, with direct benefits for more than 300,000 citizens.
Saab receives Swedish order for additional combat boats. Saab has received an order from the Swedish Defence Materiel Administration for 22 combat boats. The order value is approximately 900 MSEK. The order was booked in Q2 2025.
Saab’s combat boats are advanced platforms that can be used for many different types of missions. They are manufactured by Saab’s shipyard in Docksta. Deliveries will be made continuously over the coming years.
“This order represents a significant addition to Sweden’s naval capabilities. We are proud that Saab’s combat boats continue to contribute to Sweden’s defence,” says Mats Wicksell, head of Saab’s business area Kockums.
The Docksta shipyard has been manufacturing combat boats for the Swedish Armed Forces since the late 1980s. Since then, hundreds of combat boats from Docksta have been produced for countries around the world. The most recent order from Sweden was placed in June 2024, when ten combat boats were ordered.
Change in group structure of BlackRock, Inc. Pursuant to Section 30 of the Danish Capital Markets Act, Vestas Wind Systems A/S hereby discloses a notification received on 3 July 2025 from BlackRock, Inc., Wilmington, Denver, USA, cf. attachment.
BlackRock informs that the reason for the notification is a change to BlackRock’s group structure, resulting from the acquisition of HPS Investment Partners.
Furthermore, BlackRock informs that it is still a major shareholder, and that in its new group structure, its holding of voting rights and share capital as per 1 July 2025 corresponded to a position of 8.61 percent of the total share capital in Vestas Wind Systems A/S (holding in previous notification, cf. Company Announcement No. 15/2024 of 9 October 2024: 7.59 percent).
| Number | Percent | |
| Shares according to section 38 of the Danish Capital Markets Act | ||
| Voting rights attached to shares | 1,655,659,451 | 8.19 |
| Share capital attached to shares | 82,782,973 | 8.19 |
| Financial instruments – according to section 39(2)(1) of the Danish Capital Markets Act | ||
| Voting rights attached to financial instruments | 25,556,740 | 0.12 |
| Share capital attached to financial instruments | 1,277,837 | 0.12 |
| Financial instruments with similar economic effect – according to section 39(2)(2) of the Danish Capital Markets Act | ||
| Voting rights attached to financial instruments with similar economic effect | 58,836,300 | 0.29 |
| Share capital attached to financial instruments with similar economic effect | 2,941,815 | 0.29 |
The shares and financial instruments are held through BlackRock Japan Co., Ltd.; BlackRock Investment Management, LLC; BlackRock Investment Management (UK) Limited; BlackRock Investment Management (Australia) Limited; BlackRock Institutional Trust Company, National Association; BlackRock Fund Advisors; BlackRock Financial Management, Inc.; BlackRock Asset Management North Asia Limited; BlackRock Asset Management Deutschland AG; BlackRock Asset Management Canada Limited; BlackRock Advisors, LLC; BlackRock Advisors (UK) Limited; BlackRock (Singapore) Limited; BlackRock (Netherlands) B.V.; and Aperio Group, LLC; each controlled through chains of BlackRock entities, ultimately controlled by BlackRock, Inc.
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 :
