July 01, 2025, Updates and expert commentary on energy and automotive sectors
London, July 01, 2025 (Oilandgaspress) –- The Saudis are expected to raise the August prices for Asia not only for the flagship Arab Light grade, but also for the Arab Extra Light, Arab Medium, and Arab Heavy crudes, by about $0.50-0.60 per barrel compared to July, according to the Reuters survey. Saudi Arabia typically announces around the fifth of each month its crude pricing for the following month and doesn’t comment on price changes. It also sets the tone for the pricing in Asia of the other major oil producers in the Middle East. Read More
Versalis, Eni’s chemical company, announces that, as of 1 July 2025, it will transfer its Oilfield Chemicals business unit into the newly established company Versalis Oilfield Solutions S.r.l. The operation aims to consolidate Versalis’ position in the oilfield services sector by bringing together key expertise and strategic activities in a single, focused and operationally efficient entity. Versalis’ oilfield operations encompass research and development of advanced chemical formulations, outsourcing their production and marketing solvents and additives designed for the oil drilling industry. Products are tailored to meet specific client requirements, while services include sales and after-sales support, ensuring continuous and qualified technical assistance.
Launched in 2010, the Oilfield Chemicals business has experienced steady growth in volumes and sales, evolving into a high-value-added sector. To further expand its scope of activities in terms of products and services, achieve higher revenue targets, and maintain strong profitability, a new company has been established with Versalis Oilfield Solutions S.r.l.
The transfer of the business division will enable the focus of operations within a streamlined organisation and ensure more efficient management, diversification of the client portfolio, and pursuit of new business opportunities in a continuously evolving sector. The new entity will benefit from enhanced operational synergy and a dedicated organisational structure designed to accelerate growth and optimise both the commercial and technological effectiveness of its portfolio.
As of today, Versalis Oilfield Solutions S.r.l. is fully operational, with activities spanning key markets including Europe, North and South America (USA, Mexico, Venezuela), Africa (Congo, Côte d’Ivoire, Ghana, Mozambique, Angola), and Asia (China, Turkmenistan). The company ensures global coverage and delivers advanced technical support to its clients.
The new company is establishing itself as a strategic player in the oilfield chemicals sector, aiming to strengthen its portfolio of advanced solutions, respond to the challenges of the energy transition, and meet the growing demands of the oil industry, focusing on improving sustainability, competitiveness and operational efficiency across the entire production cycle.
The Chairman and CEO of Versalis Oilfield Solutions S.r.l. is Sergio Lombardini.. Read More
Saab receives order from the Swedish Defence Materiel Administration (FMV) for the mobile short-range air defence solution RBS 70 NG with missiles. The order value is approximately SEK 1.5 billion and deliveries are scheduled 2027-2028. This order was booked in Q2 2025.
The order also includes equipment which will enable the Swedish Armed Forces to integrate the system on a Mobile Short-Range Air Defence (MSHORAD) solution in the future.
“We are continuously contributing to strengthening the capabilities of the Swedish Armed Forces and Saab’s air defence systems play a vital role in keeping Sweden’s skies secure,” says Görgen Johansson, head of Saab’s business area Dynamics.
Saab’s MSHORAD system with RBS 70 NG features an automatic target tracker and a built-in night sight and provides the user with capability to defeat threats including aircraft, drones and missiles from distances of up to nine kilometers.
TRATON GROUP in collaboration with a joint Group research and development organization The TRATON GROUP is ushering in a new chapter in the collaboration of its brands as Group R&D becomes operational from today, July 1. Approximately 9,000 employees from the R&D departments of Scania, MAN, International, and Volkswagen Truck & Bus are coming together under one Group R&D umbrella, headed by Niklas Klingenberg, the TRATON Executive Board member responsible for Research & Development in the TRATON GROUP. The 9,000 Group R&D employees will be joining forces with around 3,000 colleagues in R&D teams at the TRATON brands. As part of Brand Identity Development (BID), they ensure that work continues successfully on brand-specific innovations.
Niklas Klingenberg: “The forthcoming closer cooperation in Research & Development will make us both quicker and more efficient, enabling us to develop more precisely targeted innovations and bring products to market earlier. This approach means we can avoid duplication of work and, at the same time, consistently tailor our product portfolio optimally to the needs of different customers across all our brands. Every single engineer and talent in our organization is indispensable in ensuring the bright future of the TRATON GROUP. Our success depends on their expertise.”
By repositioning Research & Development, the entire Group will capitalize on the TRATON Modular System to a far greater extent than before. The overall focus is on developing modular components that can be used by different brands, while the goal is for the same technology to serve various performance steps and thereby meet different customer requirements. Now that the cooperation between Group R&D and Brand Identity Development (BID) is evolving, it will accelerate the development of the TRATON Modular System to deliver sustainable, efficient, and connected transportation solutions to the market.
Golar LNG Limited Closes Offering of $575 Million of 2.75% Convertible Senior Notes Due 2030 Golar LNG Limited announced today the closing of its previously announced offering of 2.75% Convertible Senior Notes due 2030 (the “Notes”), in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company sold $575 million aggregate principal amount of the Notes, including $75 million aggregate principal amount of the Notes sold pursuant to the initial purchasers’ exercise in full of their 30-day option to purchase additional Notes in connection with the offering. The Notes are senior, unsecured obligations of the Company, bear interest at a rate of 2.75% per annum, are payable semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2025, mature on December 15, 2030, and are convertible into the Company’s common shares, cash, or a combination of shares and cash, at the Company’s election. The conversion rate for the Notes initially equals 17.3834 common shares per $1,000 principal amount of the Notes, which is equivalent to an initial conversion price of approximately $57.53 per common share, representing an initial conversion premium of approximately 40% over the closing price of the Company’s common shares of $41.09 on June 25, 2025, and is subject to adjustment upon the occurrence of certain events.
The Company used a portion of the net proceeds from the sale of the Notes to repurchase 2.5 million of the Company’s common shares in connection with the offering of the Notes and intends to cancel these shares, reducing the total outstanding share count to 102.3 million shares. The Company plans to use the remaining net proceeds for general corporate purposes, which may include, among other things, future growth investments including a contemplated fourth FLNG unit, MKII FLNG conversion costs, FLNG Hilli redeployment costs, repaying indebtedness, and funding working capital and capital expenditures.
Golar LNG’s 2nd Quarter 2025 results will be released before the NASDAQ opens on Thursday, August 14, 2025. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Thursday August 14, 2025. We recommend that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should access the event via the conference call by clicking on this link. We recommend connecting 10 minutes prior to the call start. Information on how to ask questions will be given at the beginning of the Q&A session. There will be a limit of two questions per participant.
Few names carry the weight of personal excellence and brand-defining legacy quite like Pierre Veyron. Revered as the namesake of the revolutionary Bugatti Veyron 16.4 Bugatti prepared to reassert its presence on the global stage with a new hyper sports car, Ferdinand Piëch and the team were faced with a pivotal question: what name could carry the gravity and heritage of such a bold vision? The answer lay in the past. Naming the car ‘Veyron’ was more than a tribute – it was a definitive statement. The Bugatti Veyron 16.4, launched in the early 2000s, was nothing short of a technological moonshot. With over 1,000 PS, a quad-turbocharged W16 engine, and top speeds beyond 400 km/h, it redefined what was thought possible in a road-going car. And yet, its core philosophy remained unmistakably Bugatti: relentless innovation, obsessive engineering, and the pursuit of perfection – principles embodied by Pierre Veyron himself. Just as Veyron bridged the worlds of racing and engineering, the Veyron 16.4 bridged eras – seamlessly connecting the elegance of Bugatti’s heritage with the extreme performance demanded by a new generation. In every detail – from its sculpted interior to the thunderous heartbeat of its engine – his legacy lives on.
Today, the name Veyron is known around the world as a symbol of performance without compromise. But behind the numbers, the records, and the reverence lies a man whose character helped shape the soul of Bugatti. Pierre Veyron was more than a racer. He was an innovator, a collaborator, and a guardian of Ettore Bugatti’s vision.
Lamborghini and Grasser Racing Team win Lamborghini has written a new chapter in its illustrious history by winning the 24 Hours of Spa. After three consecutive class wins in the 24 Hours of Daytona in 2018, 2019 and 2020, a double success in the 12 Hours of Sebring in 2018 and 2019 and victory in the Petit Le Mans last season, the Sant’Agata Bolognese firm triumphed for the first time in the classic Belgian endurance event. The victory marks Lamborghini’s 191st in the GT3 era and serves as the perfect precursor to the launch of the Huracán successor, the Temerario GT3 which will be launched at the Goodwood Fesitval of Speed on 11th July. The breakthrough maiden success, Lamborghini’s first major international GT3-only 24-hour race win, around the 7.004km circuit, was sealed by the #63 Grasser Racing Team Lamborghini Huracán GT3 EVO2 crew of Factory Drivers Mirko Bortolotti [2024 DTM drivers’ champion], Luca Engstler and Jordan Pepper.
Pepper himself was given the duties of qualifying the car after it had made it into the top 20 Superpole session on Friday afternoon. The South African initially put the car 12th on the grid before a penalty for not respecting the delta time for exiting the pit-lane dropped it seven places for the race. From the 10th row of the grid, it was Bortolotti who started the race and moved the #63 up two positions during a single stint after an early full course yellow neutralised the field on the second lap.
Tesla sales drop in Sweden and Denmark Tesla’s sales dropped for a sixth straight month in Sweden and Denmark in June, underscoring the challenges the EV-maker faces as competitors gain market share and CEO Elon Musk’s popularity declines.
However, in Norway Tesla recorded a 54% year-on-year increase in car registrations in June, with the Model Y registrations – for both the new and old versions – rising 115.3% on a yearly basis to 5,004 units.In Sweden, Tesla’s registrations, which are a measure of sales, fell 64.4% in June from a year earlier. Tesla’s sales were also down 61.6% in Denmark, where the U.S. group’s revised Model Y sales fell 31.2% compared with last year to 1,155 cars, showing no signs of reviving the brand’s fortunes.
Great Britain’s energy networks to get £24bn upgrade . Energy companies have been given the green light to spend nearly £24bn on Great Britain’s electricity grid, in a move that will further increase household bills.
In its draft verdict on price controls for energy network companies, the energy watchdog, Ofgem, approved more than £15bn to be spent on gas transmission and distribution networks in the five years to 2031.A further £8.9bn will be invested in the nation’s high-voltage electricity network, with a further £1.3bn earmarked on top of that.
China’s automotive industry Riding on the waves of electrification, intelligence and sustainability, China-based car manufactures are innovating to help elevate the country’s automotive industry to new heights.
Amid the reshaping of the global automotive industry, China has achieved a rapid transformation from a technology follower to a technology innovator in just two decades, according to a renowned Chinese car expert.
The China Association of Automobile Manufacturers said the country’s automobile production and sales both exceeded 31 million units in 2024, setting a new record. Among them, the export of automobiles reached 5.86 million units, a year-on-year rise of 19.3 percent, further cementing its position as the largest automobile exporting country.
Chen Ting, a leading figure in China’s automotive industry, said that due to a profound understanding of technological value and industrial patterns, China-based car manufactures are continuously innovating and developing market-driven products, lifting China’s automotive industry to new heights.
He said the rise of China’s automotive industry resulted from a combination of technological breakthroughs, supply chain collaboration and global market opportunities.
Leapmotor T03 Triumphs at ECOBEST Challenge 2025 Leapmotor proudly announces the victory of its compact electric vehicle, the Leapmotor T03, at the prestigious ECOBEST Challenge 2025, organized by AUTOBEST international independent organization, to advise European car users about the true efficiency and use of the latest pure electric cars.
The test has been performed at the end of May 2025 as the new edition of its ECOBEST Challenge: 15 new EV’s from 15 different manufacturers went through 7 different kinds of tests which results are of greatest interest for users of electric vehicles.
In a rigorous real-world test, the Leapmotor T03 emerged as a standout performer, setting new benchmarks in electric mobility.
A Historic Achievement in Real-World Range
The Leapmotor T03 made history by achieving an EcoC 1 index of 109.43%, meaning its real-life driving range exceeded the official WLTP range – a first in the history of the ECOBEST Challenge. The T03 covered an impressive 290 km, surpassing its WLTP-rated 265 km range.
Key Strengths of the Leapmotor T03 at ECOBEST Challenge 2025:
Record-Breaking Real Range: 109.43% of WLTP range (290 km vs. 265 km)
Top-Tier Energy Efficiency: 8.06 km/kWh (EcoC 2)
Best Overall Efficiency: 6.89 km per real kWh charged (EcoC 4)
Affordable and Accessible: Among the most budget-friendly EVs in the competition
Compact Yet Capable: Ideal for urban and suburban driving with outstanding range and efficiency
Certified Testing: Results validated by Bureau Veritas under real-life European driving conditions
McDermott and Universiti Malaysia Sabah (UMS) jointly announce the signing of a Letter of Intent (LOI) to collaborate on academic and industrial initiatives to build local talent and strengthen regional capacity in Sabah, a key energy center in Malaysia.
The LOI outlines a framework for long-term cooperation with four UMS schools: Computing and Informatics; Engineering; Science and Natural Resources; and Business, Economics and Accountancy. The collaboration includes industrial placements for students, joint research, educational projects, and co-curricular development to support a more skilled and industry-ready workforce. The agreement was formalized during the 2025 Energy Asia Conference and Exhibition, held this week in Kuala Lumpur. The agreement counts with the support of the Malaysian Investment and Development Authority (MIDA), for the commitment to local content in the country.
Hyundai Motor America Reports June and Q2 2025 Sales Hyundai Motor America reported June total sales of 69,702 units, a 3% increase compared with June 2024. Elantra N (+33%) and Santa Fe HEV (+39%) set new total sales records in June, which contained three fewer selling days than last year. June total sales of hybrid vehicles jumped 3%, resulting in the best June ever for hybrid and total electrified vehicle sales.
Q2 and First Half Highlights
Hyundai sold 235,726 units in Q2, for a total sales increase of 10% compared with Q2 2024. Hyundai set total and retail sales records in Q2 for Elantra N, Santa Fe HEV, Tucson PHEV, Tucson HEV and Palisade. Hybrid vehicle sales for the quarter rose 16%.
Hyundai sold 439,280 total units in the first half of 2025, a 10% increase compared to the first half of 2024 and the best ever first half sales results. First half retail sales rose 5%. Total electrified vehicle sales saw an increase of 20% year-over-year.
“We just wrapped up the strongest first half in Hyundai’s history, driven by sales growth across our lineup,” said Randy Parker, president and CEO of Hyundai Motor North America. “We’re proud of our progress in the current market and ready to carry that energy into the second half of the year. With industry-leading recognition for quality and safety, a growing lineup of American-made vehicles, and award-winning marketing campaigns, we’re continuing to build momentum with every mile.”
June Total Sales Summary
| Jun-25 | Jun-24 | % Chg | Q2 2025 | Q2 2024 | % Chg | 2025 YTD | 2024 YTD | % Chg | |
| Hyundai | 69,702 | 67,631 | +3% | 235,726 | 214,719 | +10% | 439,280 | 399,523 | +10% |
Elli Continues to Expand Europe-wide Charging Volkswagen Group Charging GmbH (Elli) is strengthening its position as one of Europe’s leading charging providers. As of now, e-mobility customers can access around 900,000 public charging points across 28 European countries using the Elli app, Elli Charging Card, or Charge&Fuel Card – including 80,000 high-power charging (HPC) stations. The rapid expansion comes alongside the rollout of a new, transparent pricing model, making charging across Europe more convenient, reliable, and cost-effective. As a real-world test of the network, Guiness World Record holder Rainer Zietlow is partnering with Elli and Volkswagen Commercial Vehicles for an ambitious new journey around the world in an ID. Buzz Pro. His goal is to set a new Guinness World Record for the “most countries visited in an electric vehicle.” Over the course of about one year, Zietlow will travel through more than 75 countries across six continents – from Europe through Asia, Australia, and Africa to North and South America, ending in Canada. The European leg will take him through Austria, Italy, France, Turkey, and more.
“In 2020, we kicked off a record-breaking tour through Germany with the ID.3. Since then, Elli’s charging network has tripled in size – which means we can now confidently complete the European stretch of our global electric journey with Elli as our charging partner,” says Zietlow. “The network is extensive, well integrated, and allows for fast charging even in remote regions.”
Saab launches first Polish SIGINT ship On 1 July 2025, the launch of Poland’s first SIGINT (signal intelligence) ship from Saab, ORP Jerzy Różycki, took place in Gdańsk, Poland. The launching ceremony was attended by representatives from the Polish Ministry of National Defence, the Polish Armaments Agency, the Polish Headquarters of Marine Technology, the Polish Navy, and the Chief of Reconnaissance and Intelligence Analysis Directorate (J2). This event marked the launch of the first of two SIGINT ships acquired under Poland’s ‘DELFIN’ programme.
The launching of the SIGINT vessel is a significant milestone in its construction process, following the first steel cut in April 2023 and keel laying that November. Before entering service, the ship will be equipped with the necessary reconnaissance systems and will undergo sea trials.
The first ship in the ‘DELFIN’ programme series is named ORP Jerzy Różycki, honouring the mathematician, Cipher Bureau employee, and cryptologist who, during the interwar period, worked with Marian Rejewski and Henryk Zygalski to break the code of the German Enigma encryption machine.
“Today marks a significant milestone with the launch of ORP Jerzy Różycki as a testament to the power of cooperation and shared vision. This project exemplifies how nations around the Baltic Sea, with similar needs and experiences, can come together to develop solutions that benefit us all. It demonstrates the type of advanced technology and capabilities that will be imperative for Europe to stand strong against emerging threats and ensure the safety of our people and societies,” said Micael Johansson, President and CEO of Saab.
Ship-based electronic intelligence systems will enable the acquisition of intelligence data across the entire spectrum of maritime electronic intelligence (SIGINT).
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole , victor@oilandgaspress
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