Global Energy and Automotive News, Trends & Expert Analysis
London, September 18, 2025, (Oilandgaspress) –––ADNOC has pulled a $18.7-billion bid for Australia’s Santos as the two failed to reach an agreement on the valuation of the company and the terms of the deal. The company said in a news release
BW Energy appoints Brice Morlot as Chief Operating Officer and Thomas Young as Chief Financial Officer.
Mr. Morlot joined BW Energy in 2024 as the Company’s CFO. He has extensive experience, combining financial expertise and a strong operational background in the E&P sector. Mr. Morlot succeeds Lin Espey, who stepped down as COO in July.
Mr. Young, previously the Chief Strategy Officer, has been part of the company since inception and overseen the development of BW Energy’s growth strategy. He has played a key role in the company’s financing activities, leveraging a wide range of strategy, economics and corporate finance competencies.
“The appointments reflect our strategy to promote from within and build on existing strengths. Brice and Thomas have contributed significantly to BW Energy’s development, and I am very confident they will continue to do so in their new roles as we execute our plan to increase production to ~90,000 barrels per day in 2028,” said Carl K. Arnet, the CEO of BW Energy. “I would also like to thank Lin Espey for his leadership and dedication. He has been instrumental in taking the company to where it is today, and I wish him the best in his future endeavours.” Read More
Nissan Motor Co., Ltd. and Nissan Motorsports & Customizing Co., Ltd. (NMC) announced the cancellation of this year’s NISMO Festival.
Nissan and NMC have decided to cancel the event in its current format. The decision follows a reevaluation of the festival’s content and operations. Nissan and NMC will take this opportunity to reassess the future direction of the NISMO Festival, with the aim of relaunching it as an even more engaging experience for fans.
NISMO Festival, traditionally organized and operated by NMC employees, serves as a celebration of Nissan’s motorsports activities along with fans.. Read More
Experience historic and current commercial vehicles from Mercedes-Benz Trucks up close
The Sinsheim Technology Museum, in cooperation with the South German Truck Veterans Association, is hosting the South German Historic Commercial Vehicle Meet on the weekend of September 20–21, 2025. More than 180 elaborately restored vintage trucks and buses from past decades – from the early 20th century to models from the 1980s – are expected to attend. Among them, Mercedes-Benz Trucks Classic will present fourteen selected vehicles from its own collection alongside two current truck models from the brand. The following Mercedes-Benz Trucks Classic vehicles will be on site:
LP 1620, LP 1519, LP 608, L 3000 S, L 5000, 1CN, L 4500, L 6600 fire truck, French Army Unimog, and an L 710 fire truck.
On Saturday and Sunday, Mercedes-Benz Trucks will offer visitors the opportunity to experience state-of-the-art truck technology: take a seat in one of the two fully electric eActros 600 trucks with bench seats that are already on the road today and see for yourself their impressive performance – quiet, powerful, and locally emission-free. Read More
During the period from 8 to 12 September 2025, Eni acquired on the Euronext Milan no. 2,687,843 shares (equal to 0.09% of the share capital), at a weighted average price per share equal to 14.8818 euro, for a total consideration of 39,999,990.44 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
NIO Inc. announced the completion of its US$1.16 billion offering (the “Equity Offering”) relating to a total of 209,090,918 Class A ordinary shares of the Company, which consists of (i) an offering of 160,823,190 American depositary shares (“ADSs”), each representing one Class A ordinary share of the Company, (ii) an offering of 20,995,000 Class A ordinary shares of the Company, and (iii) an offering of 27,272,728 ADSs pursuant to the underwriters’ full exercise of their option to purchase additional ADSs on September 10, 2025.
The ADSs have been sold at a public offering price of US$5.57 per ADS. The Class A ordinary shares have been sold at an offering price of HK$43.36 per Class A ordinary share.
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 acted as representatives for the underwriters for the Equity Offering. Read More
Dangote refinery has successfully exported its first shipment of gasoline to the United States, with commodities giant Vitol and North American distributor Sunoco taking delivery this week—marking a new chapter in Africa’s role as an emerging fuel exporter. The tanker Gemini Pearl delivered approximately 320,000 barrels of gasoline to Sunoco’s terminal in Linden, New Jersey, on Monday.
The cargo was sourced from the Dangote refinery—one of the largest in the world with a capacity of 650,000 barrels per day—and traded through Geneva-based Mocoh Oil. The shipment confirms that the refinery’s output meets stringent U.S. fuel quality standards, a key concern for international buyers.
The $19 billion Dangote refinery, after years of delays, is now dramatically altering energy dynamics.
It is set to drastically reduce Nigeria’s dependence on imported fuel—a major drain on foreign exchange—while positioning the country as a key exporter to European and American markets.. Read More
1PointFive.com, a carbon capture, utilization and sequestration (CCUS) company announced that Nippon Yusen Kabushiki Kaisha (NYK), one of the world’s largest shipping companies based in Japan, purchased carbon dioxide removal (CDR) credits that will be enabled by 1PointFive’s Direct Air Capture (DAC) technology. The agreement demonstrates NYK’s leadership in addressing carbon emissions and how DAC technology can be integrated into an organization’s decarbonization strategy.
This marks NYK’s second purchase of credits from 1PointFive intended to address NYK’s residual operational emissions. Scalable carbon removal solutions are vital for hard-to-abate sectors such as shipping to meet growing demand for credits and support compliance with evolving regulations. According to NYK, the international shipping industry emits roughly one billion tons of CO2 annually, and if about 10 percent remains as residual emissions after operational emission reductions, then the industry would need to remove 100 million tons via CDR each year to address those residual emissions.
“Together with 1PointFive, we aim to contribute not only to the decarbonization of international shipping, but to decarbonization worldwide,” said Akira Kono, Representative Director, Executive Vice-President Executive Officer of NYK. “NYK is proactively driving decarbonization in the international shipping industry through a multifaceted approach that includes introducing fuel-efficient vessels, adopting low-carbon fuels such as biofuels and improving each vessel’s energy and operational efficiency. Addressing the residual emissions that cannot be eliminated through operational or technological improvements alone requires CDR.”
“We’re excited to expand our partnership with NYK who has taken a leadership approach in decarbonization and to demonstrate how Direct Air Capture is uniquely positioned to deliver durable and verifiable carbon removal,” said Anthony Cottone, President and General Manager of 1PointFive. “By working together, we’re building a pathway to help the maritime sector take actionable steps to further sustainable operations.”
The CDR credits for NYK will be produced from STRATOS, 1PointFive’s first DAC facility in Texas that is on track to start-up this year. As a subsidiary of Occidental, 1PointFive is leveraging more than 50 years of carbon management expertise and major projects experience to deliver commercial-scale DAC. . Read More
Future Energy Networks (FEN), the representative organisation for UK gas networks, has marked its first birthday by announcing that five networks with operations in Northern Ireland have become associate members.
At an event in Central London on Tuesday, FEN Chair, Mark Horsley, announced that Evolve, Gas Networks Ireland, Kinecx Energy, Mutual Energy and Phoenix Energy, who collectively transport energy across Northern Ireland, have become the first FEN members of this kind.
As part of the associate membership package, the five companies will join FEN working groups, attend FEN events and have access to cutting-edge analysis and data, amongst other key benefits.
This expansion in FEN’s membership underscores the determination of gas networks across the UK to deliver a smooth transition to the energy systems of tomorrow while effectively managing the networks of today.
FEN members and stakeholders attended Tuesday’s event, which brought together industry leaders to network and hear from FEN CEO, James Earl, and Chair, Mark Horsley. Read More
According to General Index (GX) data, the price of Sustainable aviation fuel (SAF) in Europe has soared by nearly 30% in August. The index price for Neat SAF FOB Barges in Northwest Europe was calculated by GX at $2631/ton on 28 August – an increase of $570 this month.
.SAF rallied to 17-month high in Europe as mandate demand, supply tightness stimulates summer surge Europe’s SAF prices have surged to a 17-month high this summer, driven by mandate demand and tight supply. SAF’s stellar run brings costs to nearly four times that of conventional jet fuel. SAF is more expensive than regular jet fuel. Unless the airline applied a SAF surcharge or gave you the chance to offset emissions, however, you probably won’t have noticed any difference in cost this year. That could change if recent price trends in the nascent SAF market fuelled by mandate demand and tighter demand and tighter supply are a sign of things to come.. Read More
Capricorn Energy PLC – Half Year Results 2025
Revenue in Egypt of $59m with a realised oil price of $73.6/bbl and gas price of $3/mscf
Increased investment programme bolstered by EGPC’s approval to consolidate eight of the Company’s existing Egyptian concession agreements into a new, single integrated concession agreement (including improved commercial terms and a refreshed primary development term), as well as an agreed payment plan
Cash collections of $61m in Egypt
Egypt receivables of $172m at 30 June 2025
Operating costs of $5.1 per boe on a working interest (WI) basis
Balance sheet: Group cash of $96m, net cash $32m after debt
Exploration capex of $8m; development and production capex of $19m
Seven development wells drilled; two Abu Roash G (ARG) targeted wells on the Alam El Shawish West (AESW) concession and five ARG wells in BED. In April, a fourth rig was added to accelerate exploration drilling prior to licence expiry across the exploration concessions
WI production averaged 20,342 boepd, tracking slightly above the mid-point of 2025 guidance of 17,000-21,000 boepd comprising 43% liquids
2025 Outlook
On track to deliver FY25 production guidance of 17,000-21,000 boepd with year-to-date production averaging 19,994 boepd to 31 August 2025 comprising 42% liquids
Full year forecast net capital expenditure of $75-85m
Operating costs remain within guidance forecast of $5-7 per boe
Egyptian Parliamentary ratification of the integrated concession agreement expected in 2025
Payments expected in H2 2025 of at least $90m based on EGPC’s payment plan
Drilling of 15 development wells forecast in second half of 2025, all focused on the BED area, targeting liquids. Work programme is expected to be attributed against the commitments that the Company will be required to fulfil as part of the integrated concession agreement
Continue to actively evaluate opportunities to create shareholder value in the UK North Sea and MENA Read More .
Accident at Mongstad Refinery
A worker has died in an accident in connection with a lifting operation at Equinor’s refinery at Mongstad. The accident occurred on Wednesday 17 September at 13:40 CEST.
The worker was treated by health personnel at the scene, but his life could not be saved.
The deceased was employed by Crane Norway, a supplier of crane and lifting services at Mongstad.
“We are deeply impacted by this tragic accident, in which a person lost his life while working for Equinor. I would like to express my deepest condolences to the family, friends and colleagues who have lost a loved one. In cooperation with the supplier companies, we will do everything we can to support those affected by this accident,” says Equinor CEO Anders Opedal.
All non-critical activity on the plant has been stopped until further notice and the area has been cordoned off.
On Wednesday afternoon, 1500 employees at Mongstad were gathered for an information meeting. Additional gatherings will be held on Thursday morning. Equinor will also meet with leadership of the supplier companies to follow up the incident. Read More
More than 100 Democratic lawmakers in the U.S. House of Representatives on Wednesday urged the Trump administration to abandon plans to repeal vehicle emission rules.
In a letter seen by Reuters, 102 lawmakers led by Representative Doris Matsui called on the Environmental Protection Agency to drop its aim to repeal all greenhouse gas emission standards for light-duty, medium-duty and heavy-duty vehicles and engines.. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $63.64 | Down |
| Crude Oil (Brent) | USD/bbl | $67.61 | Down |
| Bonny Light 09/09/25 CBN | USD/bbl | $68.56 | — |
| Dubai | USD/bbl | $70.97 | Up |
| Natural Gas | USD/MMBtu | $3.06 | Down |
| Murban | USD/bbl | $70.59 | Down |
| OPEC basket 17/09/25 | USD/bbl | $71.13 | Up |
| At press time September 18, 2025 |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole , victor@oilandgaspress
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