Oilandgaspress Energy / Automotive News : International Rig Count +27 to 913
London, July 03, 2025 (Oilandgaspress) –- Oil prices fell on Thursday after gaining 3% in the previous session as investors are wary higher U.S. tariffs may be reinstated, which could cause lower fuel demand, and as major producers are expected to announce an output hike.
Brent crude futures fell 53 cents, or 0.77%, to $68.58 a barrel by 0536 GMT. U.S. West Texas Intermediate crude declined 51 cents, or 0.76%, to $66.94 a barrel. Additionally, the Organization of the Petroleum Exporting Countries (OPEC) and its allies such as Russia, known as OPEC+ will likely agreed to raise their output by 411,000 barrels per day (bpd) at their meeting this weekend.
With the uncertainty around both events, and the upcoming July Fourth Independence Day holiday in the U.S., “market participants will probably not want to carry too much risk into the long U.S. weekend,” ING analysts said in a note on Thursday. The U.S. Energy Information Administration said on Wednesday domestic crude inventories rose by 3.8 million barrels to 419 million barrels last week. Analysts in a Reuters poll had expected a drawdown of 1.8 million barrels.
Gasoline demand on a weekly basis dropped to 8.6 million barrels per day, prompting concerns about consumption in the peak U.S. summer driving season. [EIA/S]
The market will be watching the release of the key U.S. monthly employment report on Thursday to shape expectations around the depth and timing of interest rate cuts by the Federal Reserve in the second half of this year, analysts said. . Read More
Lamborghini triumphs at the 2025 Red Dot Awards Automobili Lamborghini sweeps the 2025 Red Dot Awards, with wins for all three models in the range. The most prestigious was the Red Dot: Best of the Best bestowed on the Revuelto in the Product Design category. The Urus SE and the Temerario also stood out, taking home Red Dot Awards in the same category. These three awards highlight the strength of design in Lamborghini cars, the first brand in its segment to present an entirely hybrid range while staying faithful to its spirit of legendary performance.
The awards are divided into three categories: Product Design, Brands & Communication Design, and Design Concept. The aim of the competition is to award the most innovative and relevant projects in industrial design, recognizing excellence and creativity worldwide. The official awards ceremony, the Red Dot Gala, will be held on 8 July at the Aalto Theater in Essen, Germany.
For Automobili Lamborghini design has always been a cornerstone of the brand’s strategy and one of the main reasons, along with performance, why customers around the world purchase its cars. The iconic and unmistakable style of the House of Sant’Agata stems from the work of the Centro Stile, an in-house design department established specifically to develop every car in-house, right from the first sketch. The Red Dot jury also awarded the Temerario in the Product Design category. This super sports car is a true “Fuoriclasse” (champion), in a league of its own. Its 920 CV twin-turbo V8 hybrid powertrain delivers the maximum levels of performance and comfort for an unparalleled driving experience.
Baker Hughes Rig Count: : International +27 to 913, U.S.-7 to 547 Canada +1 to 140
U.S. Rig Count is down 7 from last week to 547 with oil rigs down 6 to 432, gas rigs down 2 to 109 and miscellaneous rigs up 1 to 6.
Canada Rig Count is up 1 from last week to 140, with oil rigs up 1 to 94, gas rigs unchanged at 46 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 | June 27, 2025 | 547 | -7 |
| Canada | June 27, 2025 | 140 | +1 |
| International | June 2025 | 913 | +27 |
| Baker Hughes |
Construction of new 200 MW solar park in Spain Plenitude continues to expand its renewables business in Spain with start of the construction of Entrenúcleos, a new 200 MW photovoltaic project located in the municipalities of Dos Hermanas and Coria del Río, in the province of Seville (Andalusia). The inauguration ceremony was attended by representatives from the Energy Department of the Regional Ministry for Industry, Energy and Mining of the Government of Andalusia, as well as officials from the Dos Hermanas Town Council and other distinguished guests.
The event was held at the construction site, where the symbolic placement of the first pile marks the beginning of the project. The Entrenúcleos solar park will feature 326,000 solar panels.
Expected to be operational in 2026, Entrenúcleos, will consist of four solar plants—Granville, Killington, Plumlee, and Rickwood—with an installed capacity of 50 MWp each, spanning a total area of over 300 hectares. The project is expected to produce more than 435 GWh of renewable energy annually.
The facilities will be connected to the grid via the Entrenúcleos SET substation, which will be shared with another developer. This substation will, in turn, be linked to the national grid through the Red Eléctrica Española (REE) substation located in Dos Hermanas.
Mercedes Benz VLE demonstrates the efficiency of the new Van Electric Architecture Starting 2026, Mercedes‑Benz will introduce its newly developed, modular and scalable Van Architecture – and sets the course for a completely new era. This architecture allows for a clear differentiation between privately positioned Grand Limousines and commercial transporters. As added value for customers is key for Mercedes‑Benz, future MPVs and transporters will suit perfectly the customers’ needs and demands, in terms of design, functions and usability.
Grand Limousines
The future models of privately positioned MPVs – also known as Grand Limousines – will be named as Mercedes‑Benz VLE and Mercedes‑Benz VLS. While the VLE with up to 8 seats will range from flexible vehicles for families and leisure active customers to exclusive VIP shuttles, the VLS will define a unique segment of its own that bestows true greatness to automotive luxury. For the first time, Mercedes-Benz will offer all-electric midsize luxury vehicles in the U.S., Canada and China (Grand Limousines).
TMS Awards 2025 Introduces Digital and Heavylift Categories The TMS Awards 2025, which will take place in Dubai at the Atlantis, The Palm, on Wednesday October 29th, will this year feature two new Awards that will be evaluated by an elite panel of judges.
Digitalisation is at the top of the agenda for most maritime sector companies right now, and in recognition of the importance of initiatives in this space, TMS will present The Digital Transformation Award for the first time. This will will be awarded to the maritime company based in the region that has best harnessed digital technology, including AI and other cutting edge solutions, to improve their operations and customer facing services, as well as to deliver improvements in other areas such as safety and sustainability. It will also be open to digital technology specialists that have worked with companies in the maritime sector to accelerate their digital transformation journeys.
The second new Award reflects the increase in demand for specialist maritime services to help deliver the many major energy and infrastructure projects now taking place across the region. The Heavylift/Project Cargo Company of the Year Award will be presented to a company involved in the shipping, transportation and/or handling of heavy lift and/or project cargoes that has achieved the most exceptional success. This could be a heavy lift vessel operator; a port or terminal operator with heavy lift/project cargo handling facilities; a ship agent supporting heavy lift or project cargo operations; or any other service provider for the heavy lift/ project cargo transportation sector.
Alpine A290 Rallye Alpine unveils the rally version of the A290, the first-ever electric Alpine designed for customers racing, ahead of the Rallye Rouergue Rodez Aveyron Occitanie (3–5 July 2025). Named A290 Rallye, this new car, developed by the Viry-Châtillon teams, will be assembled in the competition workshop at the Manufacture Alpine Dieppe Jean Rédélé. To mark its 70th anniversary, Alpine is uncovering its first racing car from its new carbon-neutral range, offering customers the opportunity to discover the world of rallying through various types of events, attract new partners, and enjoy all the qualities of the A290. The A290 Rallye has all the racing genes that Jean Rédélé gave Alpine when he created the brand!
A genuine gateway to electric competition and designed in line with the latest rally regulations, the A290 is now in the starting blocks. Ready to prove itself in various disciplines, the A290 Rallye will showcase its versatility across a wide range of formats, whether within one-make cups or in open competition.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $67.24 | Up |
| Crude Oil (Brent) | USD/bbl | $68.92 | Up |
| Bonny Light 02/07/25 CBN | USD/bbl | $71.57 | Up |
| Dubai | USD/bbl | $69.27 | — |
| Natural Gas | USD/MMBtu | $3.56 | Up |
| Murban | USD/bbl | $69.96 | Up |
| OPEC basket 02/07/25 | USD/bbl | $68.76 | Up |
ARQUUS and Daimler Truck are joining forces ARQUUS and the German commercial vehicle manufacturer Daimler Truck want to work closely together on a project-specific basis. This partnership serves the strategic cooperation beyond the two companies’ own business activities and includes joint vehicle development, production, sales and services in the area of military wheeled vehicles. The two companies aim to develop tailored products and processes to better meet the needs of customers in the defence sector, with a particular focus on contributing to the future modernization of the French Army’s fleet of logistics trucks. To this end, ARQUUS and Daimler Truck combine their expertise and capabilities across their sites in France and Germany.
ARQUUS and Daimler Truck maintain their relevant production sites for Defence vehicle production in France and Germany. The French military specialist produces exclusively in the country of its headquarters, which is located in Versailles. ARQUUS’ production facilities are in Garchizy and Limoges, in the center of France. Daimler Truck assembles its Defence vehicles in Wörth am Rhein, near the French border, and in its plant in Molsheim (Alsace, France). The Molsheim plant is integrated into Daimler Truck’s industrial operations in France, which employ over 3,000 people in total. In the future, the Franco-German partner project should also contribute to strengthen the locations in the neighboring countries.
On the Trail of the Earth’s Pulse Daimler Truck, EnBW and the city of Wörth am Rhein founded the joint venture WärmeWerk Wörth GmbH to explore the possibilities of a CO2-neutral energy supply for the Mercedes-Benz plant in Wörth and the city of Wörth am Rhein using geothermal energy. The project is accompanied by scientific support – and a central concern is to involve the local public and provide them with the best possible information. A school project starts right here and awakens curiosity and the spirit of research among young people. The geothermal plant planned by Daimler Truck and EnBW, which is set to supply their city with sustainable energy in the future, has sparked broad interest among the students. After all, what the students are dealing with here on a small scale could soon help drive the decarbonization of the entire region. But one thing is certain: such a significant project can only succeed through collaboration — working together with the local community.
The multi-week workshop developed by the Karlsruhe Institute of Technology (KIT) has been taking place at the Carl-Benz Comprehensive School since May 27th, in cooperation with WärmeWerk Wörth.
Curves magazine heads to Japan Curves has never ventured as far as Japan. And that’s not just in terms of the distance between the magazine’s origin, in the European Alps, and the destination for the new edition: the breadth and depth of the latest journey to explore local culture, history and way of life is also great.
Between the Alpine passes and the islands of Japan on the edge of the Pacific Ocean lie vast continents. From Central Europe to East Asia, the mountains, marine environments and cultures can vary greatly.
photographer Stefan Bogner explores the culture and roads of the country that the locals call Nippon.
Stellantis Pro One announces start of production in Atessa plant Stellantis Pro One announces the start of production of the Cargo Box BEV produced at the Italian Atessa (CH) plant, where Stellantis’ Large Vans (Citroën, FIAT Professional, Opel, PEUGEOT, and Vauxhall) are manufactured, consistently holding the leadership in the European LCV market with a share exceeding 30%.
As the most capable BEV light commercial vehicle, the Cargo Box offers an exceptional cargo capacity of 18.3 m³, complemented by a spacious interior with dimensions of 4,230 mm in length, 2,032 mm in width, and 2,150 mm in height. It is built on the Battery Electric Chassis Cab version, delivering 410 Nm of maximum torque and a power of 200 kW (270 hp), paired with a 110 kWh battery, providing a driving range of up to 323 km. Additionally, for customers needing extra cargo space, it will also be available in the L4 configuration, expanding the cargo volume to 20.5 m³ with an internal length of 4,500 mm and a height of 2,300 mm.
To further enhance the offering on the Large Van range, Stellantis Pro One is now introducing the 22kW AC charging as standard content. A complete charge can now be conveniently achieved overnight, ensuring the vehicle is ready for use at the start of the next working day. The 22kW AC charging enables a full recharge in just 6 hours, half of the time compared to the previous 11kW solution.
The Atessa plant, with over 1,200,000 square meters of surface area, is not only the largest factory in Europe exclusively dedicated to light commercial vehicles but also a global benchmark, with 80% of production destined for export to 75 countries worldwide.
FIAT Professional presents new All-Electric Ducato Cargo Box at Atessa plant FIAT Professional announces the start of production of the new Ducato Cargo Box BEV at the Atessa plant, a strategic milestone and a strong signal of the brand’s commitment to zero-emission mobility. As the most capable BEV light commercial vehicle, the new Ducato Cargo Box BEV is built on the Battery Electric Chassis Cab version and combines class-leading performance with exceptional load capacity of 18.3m³, complemented by a spacious interior with dimensions of 4,230 mm in length, 2,032 mm in width, and 2,150 mm in height. With 410 Nm of torque and 200 kW (270 hp) of power delivered by a 110-kWh battery, it provides a driving range of up to 323 km (WLTP). For professionals requiring even more volume, the L4 variant expands the usable space to 20.5 m³, increasing the length to 4,400 mm and the height to 2,300 mm.
Additional features such as a tailgate or tail lift, lateral access doors, and extra internal storage above the cab further enhance the vehicle’s versatility. With these options, the total cargo volume reaches up to 21 m³ for the L3 version and 22 m³ for the L4.
Faster Charging, Greater Flexibility
The brand also introduces a major upgrade across the entire Ducato line-up with the availability of a new 22 kW on-board AC charger as standard content, replacing the previous 11 kW version. This enhancement allows for significantly reduced charging times on alternating current, enabling efficient overnight charging and increased daily operational flexibility for customers. In particular, the 22kW AC charging enables a full recharge in just 6 hours, half of the time compared to the previous 11kW solution.
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole , victor@oilandgaspress
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