Oilandgas, Energy , Automotive News to May 22, 2025, Latest
London, May 22, 2025 , (Oilandgaspress) ––– Significant oil and gas resources found in western U.S. The Department of the Interior announced the release of a new U.S. Geological Survey assessment identifying significant undiscovered, technically recoverable oil and gas resources in the Mowry Composite Total Petroleum System. Spanning parts of Wyoming, Colorado and Utah, the assessment estimates the presence of 473 million barrels of oil and 27 trillion cubic feet of natural gas—resources that could help bolster domestic energy supply and fuel local economies.
“This new USGS assessment underscores the role of American energy resources in strengthening our energy independence and driving economic development across the West,” said Secretary of the Interior Doug Burgum in an official news release. “Public lands in Southwestern Wyoming hold significant potential, and this science-based evaluation provides critical data to help inform responsible resource management.
Anemoi Marine Technologies independently verified results of its Rotor Sail system. Lloyd’s Register Advisory confirmed the methodology Anemoi used for calculating fuel and emissions savings from the three 24 meters high Rotor Sails installed on TR Lady – a Kamsarmax bulk carrier owned in funds managed by Tufton Investment Management Ltd (“Tufton”) and chartered by Cargill. The extensive dataset establishes a reliable and repeatable benchmark for wind-assisted propulsion performance under a broad range of real-world conditions.
During the testing period, TR Lady sailed the Indian Ocean, South Atlantic, North and South Pacific, Southern Ocean and rounded both the Cape of Good Hope and Cape Horn, along with some of the busiest shipping routes, including the Strait of Malacca. Data from eight consecutive Laden and Ballast legs were analysed to provide a long-term average of the fuel and emissions savings. The average net savings across this period calculated from the verified performance model were 1.9 tonnes of fuel per day and 7.0 tonnes of CO2 per day (well-to-wake). This equates to an average of 9.1% net propulsion fuel and emissions savings.
The achieved average savings align closely with Anemoi’s predicted 10% savings, making this a very positive result.
New report simplifies complex regulatory landscape A comprehensive suite of new International Maritime Organization (IMO) and International Labour Organization (ILO) regulations come into force over the next few months, reshaping environmental standards, safety protocols, and seafarer welfare.
The changes outlined in Lloyd’s Register’s “Future IMO and ILO Legislation – Spring 2025” report highlight upcoming updates to mandatory statutory regulations and instruments, with effective dates on or after 1 May 2025.
Several major regulations are set to enter force soon, including the Hong Kong Convention on Ship Recycling (26 June 2025) and updates to MARPOL Annex VI on data collection requirements under IMO DCS (1 August 2025).
A significant portion of the upcoming and likely changes are aimed at reducing the environmental impact of shipping and in doing so, maintaining the industry’s high safety standards.
The major recent development is the agreement of the IMO’s Net-Zero Framework, expected to be adopted in October 2025 and entering force from March 2027. Ships are expected to start complying from 1 January 2028. This framework mandates ships reduce their greenhouse gas (GHG) emissions intensity, targeting a 30% base reduction by 2035 with a secondary higher direct compliance target of 43% and a 65% base reduction by 2040, compared to 2008 levels, ultimately aiming for net-zero emissions by around 2050.
North Star becomes first vessel operator to certify offshore wind ships Offshore wind vessel operator North Star, has become the first organisation in the world to have ships achieve Lloyd’s Register’s Cyber Resilience classification, in line with mandatory International Association of Classification Societies (IACS) standards implemented for all newbuilds from 1 July 2024.
The organisation’s new commissioning service operation vessels (CSOVs), the Grampian Kestrel and Grampian Eagle, have set a new industry benchmark for cyber protection at sea. This certification strengthens their ability to withstand cyberattacks, continue operating under threat, and recover quickly from incidents, ensuring the protection of personnel and onboard systems, while maintaining critical offshore operations.
These CSOVs are the first in the world to be formally approved by Lloyd’s Register to the LR Rules implementing IACS standards UR E26 (‘Cyber Resilience of Ships’) and UR E27 (‘Cyber Resilience of On-Board Systems and Equipment’). Of the VARD 4 22, designed and built at Vard Langsten shipyard in Norway, they represent North Star’s first CSOV additions to its growing renewables fleet in its ambition to add 40 SOVs by 2040.
DNO Shares Traded Ex-Dividend DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s shares will be traded ex-dividend effective 22 May 2025. A dividend payment of NOK 0.3125 per share will be made on or about 2 June 2025 to all shareholders of record as of 23 May 2025.
Five Toyota Group Companies to Accelerate Skill Development and Innovation in AI and Software AISIN Corporation, DENSO CORPORATION, Toyota Tsusho Corporation, Toyota Motor Corporation, and Woven by Toyota, Inc. (“Five Toyota Group Companies”) today announced the launch of the Toyota Software Academy to strengthen AI and software-centered human resource development. As a complementary effort, Toyota is also launching the Global AI Accelerator (GAIA) to significantly expand investments in AI research and development, accelerating innovation. Through both of these efforts, the Five Toyota Group Companies will collaborate to nurture AI and software professionals, and use AI to create better products (including AI-enabled products) aimed at achieving a society with safety, security, and freedom of mobility for all.
Human Resource Development by the Toyota Software Academy
Toyota Software Academy aims to nurture AI and software professionals who understand not only software technology but also hardware technology, embodying the essence of future automotive expertise.
Toyota’s Global AI Accelerator (GAIA)
GAIA aims to rapidly accelerate the use of AI by significantly boosting investment in research, development, human resource development and implementation of AI systems throughout every part of Toyota. Rooted in the idea of Toyota’s longstanding practice of Jidoka: automation with a human touch, GAIA’s efforts will both amplify team member productivity and help create new AI-enabled products.
ADNOC signs $1.63bln framework agreements ADNOC announced that it has signed framework agreements valued at AED6 billion ($1.64 billion) with 12 UAE-based companies for manufacturing of critical industrial equipment in the UAE, supporting the ‘Make it in the Emirates’ initiative.
The long-term agreements are for the manufacturing of cables and pressure vessels. They will potentially create up to 1,300 skilled private-sector jobs, ensure availability of these equipment across ADNOC’s value chain, reduce delivery times and mitigate global supply chain risks.
The framework agreements will accelerate investment across industrial zones in Abu Dhabi, Dubai and the Northern Emirates, deepening the impact of ADNOC’s In-Country Value (ICV) programme in boosting UAE manufacturing capacity, building a more resilient industrial base and enhancing business continuity.
The signing of the agreements was witnessed by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO at the ‘Make it in the Emirates’ forum currently taking place in Abu Dhabi.
The companies within the framework agreements are located across key industrial zones, including Industrial City of Abu Dhabi (ICAD), Khalifa Economic Zones Abu Dhabi (KEZAD), Dubai Industrial Park, Jebel Ali Free Zone (JAFZA), and industrial areas in Sharjah and Umm Al Quwain. This highlights ADNOC’s commitment to enabling balanced industrial growth across the UAE and ensuring that the benefits of localization are shared nationwide.
The manufacturers include nine companies for 10 types of pressure vessels, and three companies for four types of cables. The pressure vessel manufacturers are: ADOS Engineering Industries, Arabian Industries LLC, Berg Industries LLC, Euro Mechanical & Electrical Contracting Company LLC, METALFAB Middle East FZ L.L.C, Micoda Process Systems International Company, NASH Engineering FZCO, Polar Specialized Industries (PSI), and United Metal Works Est. Factory Abu Dhabi. The cable manufacturers are: Dubai Cable Co. (PVT) Ltd, Mark Cables and National Cable Industry.
Capricorn Energy statement at the Company’s Annual General Meeting for shareholders Randy Neely, Chief Executive of Capricorn Energy PLC, will make the following statement at the Company’s Annual General Meeting for shareholders at 10am on 22 May 2025. The Company will announce its half year results on 18 September 2025.
“Over the last two years, through focused strategic and operational delivery, the business has been reset and is now grounded in financial discipline and a renewed commitment to delivering sustainable growth and shareholder value.
Our announcement earlier this month that the EGPC board has approved the consolidation of eight of the Company’s existing Egyptian concession agreements into a new, single integrated concession agreement is further validation of our strategy and there is real momentum within the business as we seek to maximise the potential of our Egyptian portfolio. We remain optimistic that EGPC will create an investment environment through innovative deal structures and honouring its debt obligations to incentivise the industry for the benefit of all stakeholders. Further to that, EGPC has recently informed the Company that it intends to make payments of approximately $130m through the remainder of 2025. The Company will continue to seek both timing improvements to this payment programme and additional payments to decrease its accounts receivable outstanding.
For Capricorn, the improved fiscal terms strengthen our resilience delivering strong netbacks even at low oil prices. This supports cash flow generation and promotes increased investment, driving reserves and potentially production growth, thereby enabling us to enhance shareholder value. The asset base itself will expand to include four additional blocks in the BED 17 development area, and the addition of two open exploration areas adjacent to existing acreage. The licence extensions alone should add ~20mmboe of reserves in the current year. We will also benefit from a 60% increase in gas price on incremental gas produced from the existing fields and new discoveries, further growing our revenue base. The development potential of these assets is fully capable of being funded by internal cash flows generated in Egypt so long as EGPC receivables collections materially improve.
Year to date, production from our Western Desert assets is tracking slightly above the mid-point of our annual guidance for 2025 of 17,000 – 21,000 boepd. Parliamentary ratification is on track to take place later this year, at which point we will provide updated guidance on our ongoing work programme with the potential for incremental development drilling. We do not anticipate that any incremental activity will have a material impact on the current year production forecast.
Hyundai IONIQ 5 XRT Wins Two Awards at the NWAPA 2025 Mudfest Outdoor Vehicle of the Year Competition The 2025 Hyundai IONIQ 5 XRT has been recognized by the Northwest Automotive Press Association (NWAPA) with two awards at the 2025 Mudfest Outdoor Vehicle of the Year competition. The all-electric compact EV claimed victory at the media group’s grueling two-day evaluation event in two categories: Best Electrified Activity Vehicle and Best Two Row Family SUV.
During NWAPA’s annual Mudfest event, 19 member journalists subjected 21 crossovers, SUVs, and pickups to a comprehensive battery of on- and off-road challenges at The Ridge Motorsports Park in Sheldon, Washington. Day One evaluations focused on paved-road performance, including acceleration, handling, braking, and overall ride quality. Day Two emphasized assessing vehicles’ real-world off-road capability, including traction, suspension articulation, and advanced terrain-handling technologies.
Designed to push the boundaries of EV convention, the new-for-2025 IONIQ 5 XRT is built for adventure thanks to its increased ground clearance, enhanced suspension, and bold, rugged styling. Assembled at the new, state-of-the-art Hyundai Motor Group Metaplant America facility in Bryan County, Ga., this model expands Hyundai’s award-winning electric vehicle lineup with true dual-purpose versatility, delivering formidable performance both on the highway and off the beaten path.
Biodiversity for Eni, The importance of biodiversity for the future of the planet The International Day for Biological Diversity is celebrated on 22 May, having been established in 2000 by the United Nations to mark the adoption of the Convention on Biological Diversity, aiming to maintain the boundless richness of life on our planet. Protecting biodiversity means contributing to the conservation of nature: an ecosystem with greater variety is also more resilient to climate change, contributing to the well-being and quality of life of people. In our new special, we explain how this aspect is woven into our strategy, showcasing practical examples and case studies from Italy and around the world. A responsible present is the key to a sustainable tomorrow: preserving biodiversity secures our future by maintaining the complex and interconnected system that supports life on Earth.
196 countries adhering to the Convention on Biological Diversity (CBD) have adopted the Biodiversity Plan (Kunming-Montreal Global Biodiversity Framework). The Plan establishes targets for 2030 and goals for 2050, aimed at protecting and restoring nature.
Target 15 of the Biodiversity Plan requires large companies to regularly monitor, assess and transparently disclose their risks, dependencies and impacts on biodiversity.
Lamborghini has announced new appointments in its global organization. The changes will see key in-house figures engaging in a process of growth and strategic rotation between the main markets worldwide. The new set-up reflects the brand’s international vision and its commitment to bringing out the best in its human capital, promoting internal mobility and the development of skills with an increasingly global outlook.
The new appointments are part of an internal reorganization process that aims to ensure continuity, make the most of resources and consolidate the company’s leadership in its target markets.
The new appointments:
Andrea Cavedagni, who has been with Lamborghini since 2017 and previously served as Head of UK, the third biggest market in the world for deliveries, takes on the role of Head of AREA North, Americas. Based in Toronto, he will be at the helm of a strategic area for the company.
Davide Sfrecola, who joined Lamborghini in 2016 and, after serving as Head of Japan, which has become the third biggest global market on his watch, will take over from Cavedagni as Head of UK.
Paolo Sartori, who has been with the company since 2016 and formerly Head of Middle East and Africa, is appointed Head of Japan, taking his experience to a key region for the brand.
Alessio Soligo, who has been with Lamborghini since 2015 and is currently Sales Area Manager South Europe, will take on the role of Head of Middle East and Africa, with the goal of continuing the region’s growth trajectory.
Gaetano Santoro, who has been with Lamborghini since 2010, succeeds Soligo as Sales Area Manager South Europe, drawing on the experience he has built in various areas of the business.
In addition to these internal recruitments, there is a new arrival in the shape of Nidhi Kaistha, who has been appointed as Head of India. Kaistha has a solid background in the automotive industry, with significant international experience.
Automobili Lamborghini’s global commercial organization is further strengthened by the new management structure, which also demonstrates how the company’s dynamic professional environment offers its team international challenges and growth opportunities, underlining the value of its people and its internal mobility culture.
Balenciaga | Automobili Lamborghini collaboration launch Launching on May 21, 2025, the Balenciaga | Automobili Lamborghini collaboration—first unveiled as part of the Fall 25 collection—celebrates a shared commitment to cutting-edge innovation, blending automotive aesthetics with the House’s codes.
Founded by Spanish-born couturier Cristóbal Balenciaga in 1917 and established in Paris in 1937, Balenciaga revolutionized modern couture with innovations in form and technique. Since 2015, under the artistic direction of Demna, the house has continued to redefine luxury through boundary-pushing collections. Today, Balenciaga encompasses women’s and men’s ready-to-wear, accessories, and objets d’art, seamlessly blending its storied heritage with cutting-edge modernity.
The Balenciaga | Automobili Lamborghini series includes ready-to-wear, leather goods, jewelry, and accessories. Key styles include oversized bomber jackets and motorsports-inspired leather racing jackets, as well as T-shirts, hoodies, and trompe-l’œil layered shirts with artwork featuring the Lamborghini Temerario and will be available in select Balenciaga stores worldwide, as well as on balenciaga.com and balenciaga.cn.
The collaboration introduces new versions of the Rodeo, Hourglass, Explorer, and Carrie bags, adorned with the Automobili Lamborghini Shield emblem, alongside the Dashboard Clutch, and charms inspired by the Shield emblem and the Temerario’s key fob.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $60.31 | Down |
| Crude Oil (Brent) | USD/bbl | $63.61 | Down |
| Bonny Light 20/05/25 CBN | USD/bbl | $67.50 | — |
| Dubai | USD/bbl | $63.96 | Down |
| Natural Gas | USD/MMBtu | $3.35 | Down |
| Sahara Blend | USD/bbl | $65.43 | Up |
| OPEC basket 21/05/25 | USD/bbl | $65.60 | Up |
Stellantis confirms its leadership in the hybrid car segment Stellantis, for the first time this year has achieved a total EU30 market share higher than a year ago. The leadership in the hybrid car segment, already highlighted at the end of the first quarter, is confirmed. Even the leadership in the commercial vehicle market and on the total market in France, Italy, and Portugal remains solid.
Stellantis increased its share in the total EU30 market, reaching 17.3%[1] of sales in April (+ 0.1pp vs April 2024). Two models are in the Top Ten of sales, Citroën C3 and PEUGEOT 208, with Citroën ë-C3 climbing on the podium of the BEV B segment
The positive trend in order intake continues, having surpassed 1.000.000 units at mid-May, even thanks to Citroën C3/Aircross nearing 100.000 units and PEUGEOT 3008 with about 50.000
Additionally, Stellantis confirmed its leadership in hybrid* car sales with a 15.1% share, up 4.7pp vs April 2024. PEUGEOT is the fastest-growing brand in this market, reaching fourth place in the ranking
Excellent performance also in the total Commercial Vehicles market: Stellantis Pro One confirmed its #1 position in April with a 31.1% share (+2.3pp vs April 2024) and #1 in 8 of the top 10 markets**
Year-to-date in France, Italy, and Portugal, Stellantis firmly maintains its leadership in the total and in the electric vehicle market. In Italy Jeep® Avenger is the best seller in the SUV segment, while in Germany Stellantis recorded a 9.9% increase in passenger vehicle volumes and a 6% increase in the total market, and the Opel Corsa confirmed its position as the #1 city car both in April and year-to-date
The Corsa also shone in the UK, where it is the #1 city car in April and year-to-date
In Spain, Stellantis emerged as #1 in April in the BEV segment, thanks mainly to the performance of the Citroën ë-C3 and PEUGEOT e-2008, which are among the top 10 best sellers in the market
And the new, adventure-ready Opel Frontera is gaining ground in the dynamic B-SUV segment…
Luca Napolitano, Commercial Operations Officer for Stellantis, emphasizes: “The return to a positive performance in terms of market share is an extremely promising sign for the future and indicates that we are on the right track to recover lost ground. This indication is supported by the positive trend in order intake, which is proceeding at full speed, and by the confirmation of our leadership in a strategic segment such as hybrid cars, which facilitate the transition to electric mobility. It is significant that even the international press has started to highlight this primacy.”
FIAT Professional three-wheeled electric vehicle FIAT continues its journey toward sustainable mobility with the launch of TRIS, a groundbreaking three-wheeled electric vehicle. As FIAT’s first-ever 3-wheel model, TRIS expands the FIAT Professional family with a new versatile vehicle available in three configurations: chassis-cabin, flatbed, and pick-up. It has been designed to meet the needs of micro transportation, merging iconic Italian design, affordability, and versatility into an easy-to-use, zero-emissions business solution. FIAT Professional has strategically positioned TRIS to play a pivotal role in its global expansion, particularly in the Africa & Middle East region.
The name “TRIS” draws inspiration from the vehicle’s three wheels, its modular design, and its signature three-light LED arrangement. The name’s simplicity ensures easy pronunciation across multiple languages, allowing it to resonate with diverse global audiences.
By combining sustainability, affordability, and practicality, TRIS is a smart business solution designed to meet the challenges of modern mobility while staying true to FIAT Professional’s legacy of innovation and excellence. As a versatile business vehicle, TRIS is designed to serve a wide range of professional applications, from urban logistics and last-mile delivery to mobile businesses and essential transportation services. The vehicle’s compact dimensions, electric powertrain, and adaptable design make it an ideal solution for congested city environments and fast-growing areas with developing economies.
Manufactured in Morocco, TRIS will be introduced in the main markets across the MEA region
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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