Energy / Automotive News July 04, 2025. Gas @ $3.38/MMBtu
London, July 05, 2025 (Oilandgaspress) –-Eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 5 July 2025, to review global market conditions and outlook.
In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on 5 December 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1 April 2025, the eight participating countries will implement a production adjustment of 548 thousand barrels per day in August 2025 from July 2025 required production level. This is equivalent to four monthly increments as detailed in the table below. The gradual increases may be paused or reversed subject to evolving market conditions. This flexibility will allow the group to continue to support oil market stability.
The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation. The eight countries reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation, including the additional voluntary production adjustments that were agreed to be monitored by the JMMC during its 53rd meeting held on April 3rd 2024.
They also confirmed their intention to fully compensate for any overproduced volume since January 2024. The eight OPEC+ countries will hold monthly meetings to review market conditions, conformity, and compensation. The eight countries will meet on 3 August 2025 to decide on September production levels. . Read More
Tata Motors commences production of the all new Harrier.ev Tata Motors, the leader of India’s electric vehicle revolution and the nation’s leading SUV manufacturer, today commenced production of the Harrier.ev – India’s most powerful, most capable, and most intelligent SUV to date. The Harrier.ev made a striking debut as it proudly rolled off the production line at Tata Motors’ state-of-the-art facility in Pune. Backed by an overwhelming market response and a robust booking pipeline, the Harrier.ev is now gearing up to arrive at dealerships across the country, with customer deliveries beginning July 2025.
Available in two drive configurations – Quad Wheel Drive (QWD) and Rear Wheel Drive (RWD) – the Harrier.ev comes in four striking color options: Nainital Nocturne, Empowered Oxide, Pristine White, and Pure Grey. It also features the much-appreciated STEALTH Edition – a darker matte black exterior and all black interiors – more aggressive hue that makes a statement like no other.
Built on the advanced acti.ev+ architecture and powered by a robust QWD dual-motor setup that delivers the highest torque and fastest acceleration ever seen in an Indian SUV, the Harrier.ev redefines performance. Ushering in a bold new league of SUVs, it offers commanding power and a suite of first-in-world and segment-first features — including a Harman display powered by Samsung Neo QLED, immersive Dolby Atmos acoustics, and a revolutionary 540° Surround View system that eliminates blind spots, even beneath the vehicle.
Belgian customer takes over the eActros 600 Logistics company VM-Milktrans and its sister company Sovedo Logistics have received the first two of a total of six Mercedes-Benz eActros 600 in Belgium. The group led by Michiel Verdonck and active in milk collection logistics is the first customer in Belgium to use the electric flagship of Mercedes-Benz Trucks.
The eActros 600 was designed for long-distance haulage and combines a range of 500 km[1] without intermediate charging with a gross train weight of up to 44 tons. As it is possible to charge during the legally prescribed driver break, transport companies such as VM Milktrans and Sovedo Logistics can cover more than 1,000 km per day.
In parallel with the delivery of the e-trucks, VM-Milktrans and Sovedo Logistics will also put the entire charging infrastructure into operation. Charging takes place entirely in-house: the required electricity is largely generated locally via solar modules. This energy is stored in a battery system so that the e-trucks can be charged at any time at one of two charging stations with four chargers each on the company’s own premises using intelligent control.
The entire project – from the vehicles to the charging infrastructure – was realized through close cooperation between Daimler Truck BeLux, Daimler Truck Financial Services Belgium, the dealer Van Mossel-Vereenooghe, Thoré and Lanoye Technics. Daimler Truck BeLux and Van Mossel-Vereenooghe took care of comprehensive advice and of the delivery of the vehicles. Thoré and Lanoye were respectively responsible for charging technology and power generation.
In addition to the vehicles, Daimler Truck offers topics such as consulting, infrastructure, and operations related to e-infrastructure and the charging of electric trucks across Europe under the TruckCharge brand.
Marcus Poppe will take over as Head of Investor Relations at Daimler Truck as of September 1, 2025 Daimler Truck appoints a key Finance position and will consolidate the Investor Relations and Treasury functions. Marcus Poppe will assume the role of Head of Investor Relations at Daimler Truck effective September 1, 2025. As of July 1, 2026, he will also take over the Treasury function. In this role, he will report directly to Eva Scherer, Chief Financial Officer of Daimler Truck AG.
Claus Bässler will continue to be responsible for the functions Treasury and Tax until his retirement at the end of June 2026. Christian Herrmann, currently Head of Investor Relations and M&A at Daimler Truck AG, has been appointed as Head of Corporate Development as of July 1, 2025. Under his leadership, the key strategic functions of M&A, Corporate Strategy, and Real Estate will be integrated into a single unit, driving the company‘s long term development. In his new role, Christian Herrmann reports directly to Karin Rådström, President and CEO of Daimler Truck AG. Until September 1, 2025, Christian Herrmann will continue to oversee Investor Relations.
Eva Scherer, Chief Financial Officer of Daimler Truck AG: “With Marcus Poppe, we are strengthening our capital markets expertise by bringing on board a seasoned professional with many years of in-depth experience. He is a recognized leader in his field, and I look forward to working with him to build on our ongoing efforts to demonstrate Daimler Truck’s financial strength to the capital markets and to support the continued evolution of our Treasury function.”
Xiaopeng G7 is officially launched Xiaopeng Motors officially released its new AI smart family SUV – Xiaopeng G7. The new car is available in three versions: 602 long-range Max, 702 ultra-long-range Max, and 702 ultra-long-range Ultra. The official guide prices are 195,800 yuan, 205,800 yuan, and 225,800 yuan, respectively, and they can be delivered immediately after listing. Xiaopeng G7 brings multiple listing rights such as worry-free gifts, delivery gifts, replacement gifts, and repurchase gifts. If you place an order before 24:00 on July 31, you can get Nappa leather seats worth 8,000 yuan, front/rear silent electric suction doors worth 4,000 yuan, one year of smart assisted driving peace of mind service, 5,000 yuan optional fund or two years of interest-free financial plan, and you can get an additional 50,000 Xiaopeng Mall points if you place an order for the Ultra version. In addition, old users can repurchase with up to 20,000 yuan in super value rights. As the world’s first AI car with L3 computing power, the Xpeng G7 not only achieved 2250TOPS effective computing power and the industry’s first local VLA+VLM large model, but also used the industry-leading “light-chasing panoramic” head-up display, “857” leading three-electric configuration, Tai Chi AI chassis, super-enhanced AEB and other hard-core technologies and full comfort to create a smart travel experience with both “technological fun” and “family happiness” for young families who love technology. At the press conference, the host Zhu Guangquan of the Central Radio and Television Station participated in the interaction, and CCTV News broadcast the whole process live, witnessing the grand launch of the Xpeng G7 with the majority of users.
The Xiaopeng G7 Ultra is the first to be equipped with three Turing AI chips. It is the world’s first chip that is used in AI cars, AI robots, and flying cars at the same time. It is specially customized for large AI models, and its effective computing power is “one chip equals three” mainstream chips. The effective computing power of the whole vehicle is as high as 2250TOPS, ranking first in the world, which is 3-28 times that of the industry’s flagship. In addition, the Xiaopeng G7 Ultra has achieved the industry’s first “one cabin, two flagship chips” configuration, and has added a cockpit-exclusive Turing AI chip for the first time in the world. The effective computing power of the smart cockpit AI reaches 800+TOPS, which is 26 times greater than the industry’s flagship models.
Mercedes-Benz Van Uptime Monitor for commercial vans With the Van Uptime Monitor Digital Extra, Mercedes-Benz Vans helps its customers to manage the vehicle issues that arise as a result of intensive daily use over time before a failure occurs. The Digital Extra provides the customer with full transparency about the technical condition of their vehicles through a digital customer dashboard and helps them to efficiently plan the required workshop visits, avoid unplanned downtime and, in the event of a short-term problem, to get straight to the solving process.
With a clear focus on the needs of commercial customers and as a clear sign for its premium service, Mercedes-Benz Vans is now providing the Van Uptime Monitor complimentary for its commercial midsize and large vans. The Digital Extra can be used for both business and private Mercedes-Benz customer profiles. At the same time, the availability of the Digital Extra is extended to many European markets to enable even more international customers to optimise the uptimes of their commercial vans. Van Uptime Monitor intelligently networks customers’ vehicles with their vehicle management and the Mercedes-Benz workshops. Various technical vehicle data such as the oil level, tire pressure and data on a possible imbalance in the front wheels are presented in an understandable manner and made available in real time transparently via a new digital dashboard on the Mercedes‑Benz website. If necessary, real-time notifications in three urgency levels are used to suggest specific recommendations for action:
Esports World Cup leading team The Porsche Coanda Esports Racing Team is contesting the Esports World Cup (EWC) again in Riyadh. From 8 to 11 July, the world’s elite in sim racing, the digital motorsport, will go head to head for the third consecutive year.The Porsche factory team competed in the online preliminary rounds from their new HQ in Cologne. At the state-of-the-art Porsche Esports Performance Center, they qualified for the finals in Saudi Arabia by finishing top in the teams’ standings. The “R1” series is the highest-ranking championship in sim racing. At the Esports World Cup, the competitors will do battle for a prize pool of 500,000 dollars in their discipline.
ECARX halves GAS integration time ECARX Holdings Inc said on Thursday it has reduced the integration time for Google Automotive Services by more than 50 percent, cutting the certification process from up to 18 months to just eight.
The company detailed the achievement in a new white paper, citing its use of continuous integration and delivery pipelines, a dedicated test infrastructure, and a focus on automation and early validation.
The faster rollout was applied to the Volvo EX30 and Polestar 4 models, both of which use ECARX-powered infotainment systems running on Android Automotive OS.
GAS includes core Google applications such as Maps, Assistant and the Play Store. Integrating these services requires automakers to pass a series of technical and compliance tests, typically taking 12–18 months.
ECARX said it built a proprietary “test farm” capable of running over 1.6 million automated test cases, enabling faster detection of issues and reducing delays in formal certification cycles. The Volvo EX30 achieved certification in 10 months; the Polestar 4 in eight.
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 |
Leapmotor No.1 in Sales Volume Among NEV Start-ups in China . Leapmotor has achieved a major milestone by securing the No.1 position in total sales volume among New Energy Vehicle (NEV) start-ups in China for both June 2025 and the First Half of 2025, underscoring its rapid ascent in the competitive EV market.
In June 2025, Leapmotor delivered 48.006 vehicles, marking a 138% year-over-year increase and setting a new monthly record. This performance achieved a six-month streak of continuous growth, with monthly deliveries rising from 25.170 units in January to 48.006 units in June – an impressive 91% increase over the half-year period.
The consistent upward trend reflects strong market demand, effective supply chain execution, and growing consumer confidence in Leapmotor’s product lineup.
Leapmotor’s H1 2025 cumulative total volume sales reached 221.664 units, placing it ahead of all other NEV start-ups in China, then surpassing major competitors.
Leapmotor’s 2025 success builds on a strong 2024, during which it delivered 293.724 vehicles, doubling its previous year’s performance. This momentum has propelled Leapmotor from a top-three contender to the clear leader among NEV start-ups in China.
Subsea 7 – awarded contract offshore Egypt Subsea 7 S.A. announced the award of sizeable1 contract offshore Egypt.
Subsea7 will be responsible for the engineering, procurement, commissioning and installation of flexible pipelines, umbilicals, and associated subsea components for a tie back to existing infrastructures.
Project management and engineering work will begin immediately at Subsea7’s offices in France, Portugal, and Egypt. Offshore activity is expected to start in 2026.
David Bertin, Subsea7’s Senior Vice President GPC East, said: “Our early engagement has been instrumental in shaping a shared vision and delivering innovative, efficient solutions. This award is a testament to the strength of our collaboration, our proven track record, and our commitment to safe, high-quality execution. We are pleased to be able to support our client in enabling and executing such a strategically important project in Egypt.”
(1) Subsea7 defines a sizeable contract as being between $50 million and $150 million
Job market shows stability Energy Workforce & Technology Council (EWTC) on Thursday released its June 2025 jobs report, reflecting a modest dip in employment within the energy services sector amid continued economic uncertainty.
Total jobs in the sector fell to 635,077 in June, a decrease of 3,153 positions from May, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council.
Nationally, the U.S. economy added 147,000 jobs in June, and the unemployment rate held steady at 4.1%, according to data released Thursday by the Labor Department. While overall job growth remained positive, signs of a slowing labor market continue to emerge as industries adjust to ongoing tariff pressures and global headwinds.
“While we saw a modest decline this month, the energy services sector remains grounded in strength and resilience,” said Energy Workforce President Molly Determan. “We are operating in a transitional period that is being shaped by quickly changing economic forces and policy shifts. No matter what, the energy workforce continues to drive energy production and support the broader economy.”
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.
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole , victor@oilandgaspress
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