London, June 11, 2025 (Oilandgaspress) –-Energy markets have long suffered from information asymmetry – a mismatch in knowledge between producers and consumers. In the case of electricity, it’s virtually impossible for consumers to distinguish between renewable and non-renewable sources once the power reaches their outlet.
To address this, Guarantees of Origin (GO) were introduced by the EU in 2001 under the first Renewable Energy Directive (RED I). These certificates allow energy producers to prove the renewable origin of their electricity and give consumers credible claims about the energy they use.
While originally a voluntary tool, GOs are rapidly becoming an essential compliance instrument. Regulatory developments across Europe – most notably the Corporate Sustainability Reporting Directive (CSRD) and the upcoming Green Claims Directive – are pushing GOs from a “nice-to-have” to a “must-have.” By 2029, over 50,000 companies operating in the EU will be required to disclose the source of their energy consumption under CSRD. In parallel, the GO market has seen significant growth, with rising demand from corporates, utilities, and traders.
GOs solve this by decoupling the environmental value of renewable electricity from its physical flow. This allows consumers to credibly claim their energy use supports renewables, regardless of their grid’s makeup.
General Index GOs price benchmarks
To bring greater transparency, consistency, and comparability to the Guarantees of Origin market, we’ve partnered with Cleanworld, Enmacc and Parameta Solutions to launch a comprehensive suite of GO price indexes. These indexes reflect real market activity, sourced from a combination of Cleanworld’s market intelligence, Enmacc’s trading data, Parameta Solutions’ independent market data, and published through the pricing infrastructure capabilities of General Index (GX).
This unique set of indexes launched in collaboration with our data partners ensures our assessments are consistently underpinned by robust liquidity, accounting for the majority of the day’s trading activity.
The indexes cover a broad range of technologies in Europe, including:
Hydro, wind, solar (HWS)
Renewable
Hydro/Nordic Hydro
Nuclear
Wind
Solar
Each index is publish across multiple vintages, from 2023 to 2029, capturing the time-differentiated value of GOs as market participants increasingly account for delivery years and long-term contracting.
The result is a trusted benchmark system designed to bring clarity and consistency to a fast-evolving and often opaque market. For the first time, corporate buyers, analysts, and traders can rely on standardized prices to evaluate GO contracts, track market movements, and manage compliance risk. Read More
McDermott Supports Sustainability in Project Delivery McDermott announces the launch of a Circularity Calculator, aligned to ISO 59020 standards, to support growing demand for transparent circular economy performance measurement across the lifecycle of energy infrastructure projects.
Developed in-house, the tool provides a standardized, data-driven method for assessing circularity from design through to decommissioning. The new tool is part of McDermott’s strategy to embed circularity principles across all phases of project execution, with the following benefits:
ISO 59020 alignment: Independently assured to meet international standards for circularity measurement.
Lifecycle insights: Quantifies the recyclability or reuse potential of a design.
Measurement and reporting: Provides quantifiable data as a basis for decision making in material selection.
“Circularity strategies drive cost, environmental, and supply chain benefits for our projects, operations, and customers,” said Rachel Clingman, McDermott’s Executive Vice President, Sustainability and Governance and Chief Legal Officer. “Our Circularity Calculator provides traceable data aligned with global standards to support strategic decisions and appropriate reporting.”
Initially deployed across McDermott’s decommissioning portfolio, the calculator quantifies circularity based on data collected after processing materials through recycling, reuse, and other disposal pathways.
“This tool provides the transparency and data needed to integrate circular resource strategies into subsea and offshore energy infrastructure projects – essential elements to enhancing not only project sustainability, but also operational efficiency and value for our customers,” said Mahesh Swaminathan, McDermott’s Senior Vice President, Subsea and Floating Facilities.
Baker Hughes Receives Award from Equinor Baker Hughes will provide Equinor plug and abandonment (P&A) services in the Oseberg East field on Norway’s continental shelf. Baker Hughes’ Mature Assets Solutions team will lead the integrated P&A campaign planning phase, as well as delivering integrated P&A services in execution across several wells in the North Sea.
Baker Hughes has a history of successful integrated P&A projects, as well as its innovative portfolio of Mature Assets Solutions with a proven track record of increasing efficiency, accelerating timelines and reducing total operating costs. Through this integrated P&A program, Baker Hughes will plug and abandon wells and provide project management services on behalf of Equinor.
“Our Mature Assets Solutions experts are well equipped to manage every phase of P&A and optimize operations to meet Equinor’s well abandonment goals,” said Amerino Gatti, executive vice president of Oilfield Services & Equipment at Baker Hughes. “As this project unfolds, we will collectively unlock new efficiencies that set new standards for well abandonment solutions, providing cost-effective solutions to Equinor through collaboration, technology, optimization and integration.”
This project follows the March 2025 signing of a multi-year framework agreement between Baker Hughes and Equinor to provide integrated plug and abandonment services. To manage the project, Baker Hughes will establish a P&A Center of Excellence in Bergen and Stavanger. This hub of expertise will bring together project managers and subject matter experts to centralize P&A activities in the North Sea, ensuring the most economical and reliable solutions are implemented to responsibly abandon each well while maximizing operational efficiencies.
Baker Hughes’ differentiating well abandonment portfolio include cutting-edge technologies, such as PRIME Powered Mechanical Applications, CICM (Casing Integrity & Cement Mapping), MASTODON™ casing retrieval system, and the Xtreme SJI mechanical slotting tool. Planning for Oseberg East is now underway, and the execution is scheduled to begin in 2026.
Baker Hughes Rig Count: U.S. -4 to 559 Canada +2 to 114
| Region | Period | Rig Count | Change |
| U.S.A | 06 June 2025 | 559 | -4 |
| Canada | 06 June 2025 | 114 | +2 |
| International | May 2025 | 886 | -5 |
| Baker Hughes |
Eni report on the purchase of treasury shares during the period from 2 to 6 June 2025 During the period from 2 to 6 June 2025, Eni acquired on the Euronext Milan no. 3,779,312 shares (equal to 0.12% of the share capital), at a weighted average price per share equal to 13.2300 euro, for a total consideration of 50,000,429.66 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:
Volvo Trucks and celebrity chef Marcus Samuelsson team up Volvo Trucks has teamed up with globally celebrated chef Marcus Samuelsson for a new campaign. The challenge? Prepare a gourmet meal with ingredients that have been transported by truck with exhaust emissions eliminated or kept to a minimum. Electric trucks had a key role in the initiative, which aims to inspire transport buyers in the food and beverage industry to embrace more sustainable transportation options. Decarbonization of the transport industry continues, with battery-electric trucks as one way to achieve zero tailpipe emissions. In the food and beverage industry, transport is responsible for 19%* of all emissions.
Volvo Trucks joined forces with globally celebrated chef Marcus Samuelsson, who is the culinary force behind numerous international restaurants, to demonstrate how tailpipe emissions from road transport can be removed or kept to a minimum in the food and beverage industry.
Marcus Samuelsson set himself the challenge to prepare a gourmet meal with all the ingredients brought to his kitchen by electric trucks, or by trucks running on renewable fuels like biogas or biodiesel.
Neste and Chevron Lummus Global are developing technology for processing lignocellulosic waste into renewable fuels Neste and Chevron Lummus Global (CLG), a leading technology provider for the production of renewable and conventional transportation fuels, are partnering to drive innovation in renewable fuels. The companies have joined forces to develop a new technology enabling conversion of lignocellulosic biomass into high-quality, lower-emission renewable fuels, such as sustainable aviation fuel (SAF) and renewable diesel.
The joint development has reached the first major milestone, and the piloting results indicate that the new technology could offer a significant performance improvement over existing technologies for lignocellulosic raw materials. Neste and CLG are currently validating the technology and targeting readiness to scale up the technology to commercial scale.
Vast amounts of lignocellulosic waste and residues from existing forest industry and agricultural production remain underutilized and could be leveraged as valuable renewable raw materials. These waste and residues are generated, for instance, in harvesting operations and forest industry processing, or they are end-of-life wood materials
Saab achieves AI milestone with Gripen E Saab, in collaboration with Helsing, today announced the successful completion of the first three flights integrating Helsing’s Artificial Intelligence (AI) agent ‘Centaur’ into a Gripen E fighter jet. As part of Saab’s ‘Project Beyond’, the flights, where the first flight, was conducted on May 28, mark a significant advance in bringing AI capabilities to military aircraft. It is also yet another proof point of Gripen E´s unparalleled ability to rapidly update software without disregarding safety requirements.
During the flights, the Gripen E gave control to Centaur which successfully autonomously executed complex manoeuvres in a Beyond Visual Range (BVR) combat environment and cued the pilot to fire.
“This is an important achievement for Saab, demonstrating our qualitative edge in sophisticated technologies by making AI deliver in the air. The swift integration and successful flight testing of Helsing’s AI in a Gripen E exemplifies the accelerated capability gain you can get from our fighter. We are excited to continue developing and refining how this and other AI agents can be used, while once again showing how our fighters will outperform faster than the opponent can evolve,” said Peter Nilsson, head of Advanced Programmes, from Saab’s Aeronautics Business Area.
Thanks to the unique design of Gripen E, the fighter can fly with the AI software onboard and fully integrated without being restricted to solely military test ranges or have to rely on an experimental X-plane to do flight trials with the software.
“Within Project Beyond and other programmes, we utilise the power of software to rapidly explore and blur the lines between “now” and the future; in software there are no generations, only speed,” says Peter Nilsson.
The third flight, conducted June 3, focused specifically on Centaur’s performance, pitting it against a real Gripen D aircraft in a series of dynamic BVR scenarios with real-time data integration utilising sensor data to track the target aircraft.
The team tested Centaur’s adaptability by varying starting distances, speeds, aspects, and even disabling C2 data to assess its robustness.
Saab’s and Helsing’s joint Project Beyond team was set up using Gripen E to explore how trustworthy AI can be used against future threats. The team will now analyse the flight data and continue training the AI agent to further enhance its BVR capabilities, with a further series of flights throughout the remainder of the year. The project, fully sponsored by Swedish Defence Material Administration (FMV), is part of the Swedish Concept programme for Future Fighter Systems.
President of Mozambique Daniel Francisco Chapo Meets Eni CEO Claudio Descalzi The President of the Republic of Mozambique, Daniel Francisco Chapo, met Eni Chief Executive Officer, Claudio Descalzi, in Maputo today to discuss the company’s ongoing and future activities in the country. The meeting reaffirmed the strong partnership between Eni and Mozambique and highlighted strategic initiatives aimed at supporting the country’s economic growth.
Among the topics discussed was the ongoing success of the Coral South Project, which has contributed to 50% of Mozambique’s GDP growth in 2023 and is projected to represent 70% of GDP growth in 2024 according to the International Monetary Fund, and the recently approved Plan of Development by the Government of Mozambique, for the implementation of the Coral North FLNG project, that will enable the expansion of LNG production from the Coral reservoir in Area 4 of the Rovuma Basin.
The meeting also highlighted Eni’s strategy to diversify its activities in Mozambique, as part of its broader commitment to the country’s energy transition. This includes the implementation of an innovative agribusiness project focused on producing vegetable oil for biorefining. The initiative aims to support the development of rural areas and create opportunities to integrate Mozambique into the biofuel value chain. Also, the company is promoting several carbon offset initiatives, among these, the clean cooking program, which promotes the use of more energy efficient cooking solutions, and other REDD+ initiatives.
Petrofac secures gas processing expansion contract from ADNOC Gas Petrofac, a leading international service provider to the energy industry, has been selected by ADNOC Gas to undertake an Engineering, Procurement and Construction Management Services (EPCM) contract for a US$1.2 billion project to expand its gas production facilities on Das Island.
As part of the overall Rich Gas Development (RGD) Programme, Petrofac will provide EPCM services and oversee procurement and construction contracts to build a new inlet facility, two new gas dehydration and compression trains, each with a capacity of 420 million standard cubic feet per day (MMSCFD), and associated infrastructure. Petrofac will also upgrade existing facilities to increase the site’s capacity for collecting and transporting raw natural gas. These upgrades will significantly increase gas processing capacity to meet rising customer demand. Located 160 kilometres north-west of mainland UAE, the Das Island facility has been operational since 1977, and is the third longest LNG operation still in production globally. With a liquefaction capacity of six million metric tons per annum (MMtpa), it remains a key component of the nation’s LNG export strategy.
Nvidia to expand tech centres in seven European countries (Reuters) – Nvidia (NVDA.O), opens new tab will build its first artificial intelligence cloud platform for industrial applications in Germany, CEO Jensen Huang said on Wednesday at the VivaTech conference in Paris.
The technology, which will combine AI with robotics, will help carmakers such as BMW and Mercedes-Benz with processes from simulating product design to managing logistics.In a series of Europe-focused announcements, Huang outlined plans to expand technology centres in seven countries, open up Nvidia’s compute marketplace for European companies, help AI model makers in several languages become more advanced, and aid in drug discovery by firms such as Novo Nordisk.
Talen Energy Expands Nuclear Energy Relationship with Amazon Talen Energy Corporation enters power purchase agreement for 1,920 megawatts of carbon-free electricity at full quantity to support Amazon operations. Talen announced today that it has expanded its existing nuclear energy relationship with Amazon to provide carbon-free energy from Talen’s Susquehanna nuclear power plant to Amazon Web Services (“AWS”) data centers in the region.
Under the terms of a new power purchase agreement (“PPA”), Talen will supply electricity to Amazon for operations that support AI and other cloud technologies at Amazon’s data center campus adjacent to Susquehanna, with the ability to deliver to other sites throughout Pennsylvania. Talen and Amazon will also explore building new Small Modular Reactors (“SMRs”) within Talen’s Pennsylvania footprint and pursue expanding the nuclear plant’s energy output through uprates, with the intent to add net-new energy to the PJM grid.
Under the expanded PPA, at the full contract quantity, Talen will provide Amazon with 1,920 megawatts of carbon-free nuclear power through 2042, with options to further extend its duration. The power delivery schedule will ramp over time, expecting to achieve the full volume no later than 2032, with the potential to meaningfully accelerate. This long-term transaction will significantly decrease Talen’s market risk and minimize its reliance on the Federal nuclear production tax credit.
The existing Susquehanna co-located load arrangement between Talen and Amazon will transition to a “front-of-the-meter” arrangement after the completion of transmission reconfigurations expected in the Spring of 2026, concurrent with Susquehanna’s refueling outage. Under the terms of the new agreement, Susquehanna will provide its carbon-free power to the PJM grid, Talen will act as the retail electric generation supplier to Amazon, and PPL Electric Utilities (“PPL”) will be responsible for transmission and delivery.
TOYOTA GAZOO Racing unveils liquid hydrogen-fueled “GR LH2 Racing Concept” TOYOTA GAZOO Racing unveiled the GR LH2 Racing Concept, a liquid hydrogen (LH2) fueled test car to advance the development of hydrogen technology in motorsports. It made its public debut at the Circuit de la Sarthe where it is being exhibited at the H2 Village, organized by the Automobile Club de l’Ouest, during the 93rd Le Mans 24 Hours (11-15 June).
As part of its efforts to make ever-better cars through motorsports as the starting point, and to realize a carbon-neutral society, Toyota has advanced its technologies in the challenging environment of motorsports, including the Super Taikyu series in Japan. It has also accelerated its efforts to expand the production, transportation, and use of hydrogen together with partners inside and outside the industry, towards the realization of a carbon-neutral society.
Toyota has taken on the challenge of hydrogen engine development in motorsports, initially through Rookie Racing’s participation in the Japanese Super Taikyu series with the hydrogen-engine Corolla, which initially used gaseous hydrogen from 2021, before the introduction of a liquid hydrogen-powered car from 2023. The potential of hydrogen engines in rallying was showcased in 2022 when the GR Yaris H2 completed demonstration runs on Ypres Rally, a round of the FIA World Rally Championship.
Daimler Truck receives major order from BwFuhrparkService Daimler Truck has won a major contract from BwFuhrparkService, the Bundeswehr’s mobility service provider. The order comprises the delivery of a mid-three-digit number of Mercedes-Benz Arocs logistics vehicles. In accordance with the current procurement strategy of the German federal government, the trucks are to contribute to improving military transport capacities for national and alliance defence. The vehicles are to be delivered by the end of May 2026.
Franziska Cusumano, CEO Mercedes-Benz Special Trucks and responsible for Daimler Truck’s defence business: “This order is a strong sign of BwFuhrparkService’s confidence in our technology and reliability in a challenging security policy environment. Following recent orders from other NATO countries, such as Lithuania and Canada, we are delighted that we have now also been awarded the contract by BwFuhrparkService in this tender. As usual, we are relying on our Franco-German production network to implement this major order.”
New TruckTraining Center opens in Poland Daimler Truck Poland opened a new training center in Nadarzyn near Warsaw. The Truck Training Center is mainly used for the training and further education of employees working in sales and service. It is also available to body manufacturers, drivers and customers as required.
The 700 square meter facility consists of two rooms for theoretical training, a room for e-learning and a large hall for service training. The building was previously home to the TruckStore – Daimler Truck’s used truck program with inspected vehicles including warranty. It has been extensively modernized to meet the new training requirements and functions. A significant advantage of the new center is its convenient location: the site is located directly on the S8 highway and therefore offers ideal accessibility. In addition, the existing electricity infrastructure allows for the planned installation of charging facilities for e-trucks directly on the site.
On the occasion of the opening ceremony, the sales consultants of the Polish dealer network of Daimler Truck Poland received their 75 new Mercedes-Benz Actros L ProCabin demonstration vehicles for their show truck campaign. In future, the trucks will be available to interested customers throughout the country for test drives. At the start of the event, the trucks were presented in neat rows on the grounds of the TruckTraining Center in Nadarzyn and then handed over in a ceremony. They set off for their respective branches on the same day.
world’s first L3-level AI car! Xiaopeng G7 officially debuts Xiaopeng G7 was officially unveiled and pre-sale was released. As Xiaopeng’s first new model in 2025, the Xiaopeng G7 has two versions, Max and Ultra, with a pre-sale price of 235,800 yuan. From June 11, 2025 to the launch date of the Xiaopeng G7, users who purchase the Xiaopeng G7 can enjoy the right to use the 2,000 yuan intention deposit to deduct the 5,000 yuan purchase fee, which can also be used in combination with the listing rights. Xpeng G7 is positioned as an AI smart family SUV, designed for young users and families who have high requirements for technology and comfort. The new car is the first to be equipped with Turing AI chip and fully local VLA+VLM model. The whole series is equipped with “light chasing panoramic” head-up display, 702km ultra-long battery life, full-domain 800V high-voltage SiC silicon carbide platform, 5C super-charged AI battery and DCC intelligent variable damping shock absorber as standard. With the two core advantages of extreme hard-core technology and extreme space comfort, it is committed to bringing users a different AI safety, AI comfort, and AI convenience travel experience. With the debut of Xpeng G7, the 250,000-class SUV market has officially ushered in a true super AI car, opening the era of full-domain AI for smart cars.
markets assess US-China trade talks outcome Oil prices fell in early trade on Wednesday as markets were assessing the outcome of U.S.-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from China and OPEC+ production increases weighing on the market. U.S. and Chinese officials agreed on a framework to put their trade truce back on track and resolve China’s export restrictions on rare earth minerals and magnets, U.S. Commerce Secretary Howard Lutnick said on Tuesday at the conclusion of two days of intense negotiations in London.
Trump will be briefed on the outcome before approving it, Lutnick added.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $66.61 | Up |
| Crude Oil (Brent) | USD/bbl | $68.31 | Up |
| Bonny Light 10/06/25 CBN | USD/bbl | $71.36 | — |
| Dubai | USD/bbl | $65.87 | — |
| Natural Gas | USD/MMBtu | $3.50 | Down |
| Murban | USD/bbl | $68.20 | Up |
| OPEC basket 10/06/25 | USD/bbl | $67.35 | Up |
BYD’s five-minute EV flash chargers are coming to Europe within 12 months BYD will bring its ultra-rapid electric car chargers to Europe, it has confirmed, meaning EV owners will be able to recharge as fast as filling up with petrol.
The Chinese EV giant, which recently dethroned Tesla as the biggest electric car maker in the world, has confirmed it will install a network of ‘flash chargers’ in Europe within the next 12 months.
The ultra-rapid chargers use a 1,000kW architecture, making them much more powerful than its US rival’s Superchargers, which only charge up to 250kW and deliver 172 miles in 15 minutes.
BYD claims the flash chargers will allow EV drivers to replenish their batteries in just five minutes with the technology described as a ‘game changer’ that will boost EV confidence and remove range and charge anxiety.
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole, victor@oilandgaspress.
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