London, August 12, 2025, (Oilandgaspress) –––U.S. President Donald Trump extended a tariff truce with China to November 10, staving off triple-digit duties on Chinese goods as U.S. retailers prepared for the critical end-of-year holiday season.
This raised hopes that an agreement could be attained between the world’s two largest economies and avert a virtual trade embargo between them. Tariffs risk slowing global growth, which could sap fuel demand and drag oil prices lower.
Oil’s gains have also been supported by fresh signs of softness in the U.S. labour market, which have boosted expectations for a Federal Reserve rate cut in September, said Priyanka Sachdeva, senior market analyst at brokerage Phillip Nova. Read More
The CEO of Mercedes-Benz criticised the European Union’s plan to ban CO2-emitting vehicles from 2035 in a media interview on Monday, joining a chorus of voices calling the target into question as it comes up for review this year. The ban, which supporters say is crucial to Europe’s green ambitions, is up for review in the second half of 2025, with critics saying it would handicap European carmakers already struggling with weak demand, Chinese competition and disappointing electric vehicle sales. Read More
Baker Hughes Rig Count: : International +27 to 913, : U.S. -1 to 539 Canada +3 to 180
U.S. Rig Count is down 1 from last week to 539 with oil rigs up 1 to 411, gas rigs down 1 to 123 and miscellaneous rigs down 1 to 5.
Canada Rig Count is up 3 from last week to 180, with oil rigs down 2 to 122, gas rigs up 4 to 57 and miscellaneous rigs up 1 to 1.
International Rig Count is up 1 from last month to 914 with land rigs down 10 to 720, offshore rigs up 11 to 194.
The Worldwide Rig Count for July was 1,621, up 22 from the 1,600 counted in June 2025, and down 92, from the 1,713 counted in July 2024.
| Region | Period | Rig Count | Change |
| U.S.A | August 8, 2025 | 539 | -1 |
| Canada | August 8, 2025 | 180 | +3 |
| International | July 2025 | 914 | +1 |
| Baker Hughes |
Dolphin Drilling AS provides the following update further to the decision of the UK Supreme Court on 24 June 2025 in which an appeal, by Dolphin Drilling Limited (“DDL”), in respect of a historic corporation tax liability to His Majesty’s Revenue and Customs (“HMRC”), was dismissed.
The Company today reports that DDL has, in the period since 24 June 2025, engaged in discussions with HMRC, and that DDL has today made an initial payment to account in the sum of £2,000,000 in part settlement of the said liability (which, prior to the said payment to account, was in the approximate total sum of £14,200,000). The Company also today reports that DDL continues to engage in further discussions in respect of the settlement of the remaining balance of the said liability, and confirms that any material developments shall be the subject of separate updates to the market. Read More
Drilling has resumed at the Sèmè offshore oil field in Benin after a 27-year hiatus, led by Singapore-based Akrake Petroleum. The project marks a revival for the site, which was last active in 1998, having previously yielded approximately 22 million barrels of oil. This initiative has implications for reducing Benin’s oil import dependency, attracting investment, and enhancing its regional economic standing. According to a report by Offshore Energy, the field lies within Block 1, where Akrake holds a 76% stake under a production sharing contract, alongside the Government of Benin (15%) and Octogone Trading (9%). Akrake, itself a special-purpose company fully owned by Rex’s subsidiary Lime Petroleum, is tasked with assessing the site’s long-term development potential. Read More
Ford Motor Company to bring a new family of affordable, high-quality electric vehicles within reach for millions around the world.
The new Ford Universal EV Platform and Ford Universal EV Production System introduced today were born from a team that combines the discipline, expertise and scale of a company with 122 years of experience with the speed, innovation and first-principles thinking of a California-based electric vehicle hardware and software skunkworks team.
The result: a simple, efficient, flexible ecosystem to deliver a family of affordable, electric, software-defined vehicles – the first of which is a midsize, four-door electric pickup that will be assembled at Ford’s Louisville Assembly Plant for U.S. and export markets. Its launch is scheduled for 2027. The new midsize truck is forecasted to have more passenger room than the latest Toyota RAV4, even before you include the frunk and the truck bed. You can lock your surfboards or other gear in that bed – no roof rack or trailer hitch racks required. Ford builds on its strong legacy of investing in U.S. vehicle assembly, planning to invest nearly $2 billion in Louisville Assembly Plant to assemble the midsize electric truck, securing 2,200 hourly jobs. The project is supported by an incentive offer from the Kentucky Economic Development Finance Authority. Ford’s investment in Louisville Assembly Plant is in addition to its previously announced $3 billion investment in BlueOval Battery Park Michigan, which will build the prismatic LFP batteries for the midsize electric truck starting next year. Together, the investments total approximately $5 billion, and between the two plants, Ford expects to create or secure nearly 4,000 direct jobs while strengthening the domestic supply chain with dozens of new U.S.-based suppliers. Read More
KBR and Axiom Space completes three successful crewed underwater tests of the Axiom Extravehicular Mobility Unit (AxEMU) at NASA’s Neutral Buoyancy Laboratory (NBL) at Johnson Space Center —an important milestone as both companies work to support NASA’s return to the Moon. These initial crewed tests involved an astronaut being fully submerged in the NBL’s 6.2-million-gallon pool while wearing Axiom Space’s next-generation spacesuit, the AxEMU, which is being developed for use on NASA’s Artemis III mission. The goal was to evaluate the suit’s integrity in an environment that closely simulates the weightlessness of space.
Throughout the tests, the suit remained completely sealed and airtight, signifying it’s ready for more advanced evaluations, and ultimately, future missions.. Read More
ADNOC Logistics and Services reported record-breaking second-quarter (Q2) and first-half (H1) results for 2025, surpassing market expectations and demonstrating resilience and operational strength in a volatile market.
ADNOC L&S’s outstanding Q2 revenue increased by 40% year-on-year (YoY) to $1,258 million (AED4,618 million) with EBITDA growing 31% YoY to $400 million (AED1,470 million). Net profit for the quarter grew 14% YoY to $236 million (AED866 million).
In H1 2025, the Company’s revenue was $2,439 million (AED8,957 million), a 40% YoY increase. EBITDA rose by 26% YoY to $744 million (AED2,732 million), driven by robust performance across all business segments, sustaining EBITDA margin at 30%. Net profit for H1 2025 was $420 million (AED1,544 million), up 5% YoY, and up 18% compared to H2 2024. ADNOC L&S’s diverse and resilient business model enabled the Company to deliver strong net profit and operating cash flow despite challenging shipping charter rate environments in Gas, Tankers, and Dry Bulk.
Driven by strong performance in its core business segments and improving margins, ADNOC L&S has upgraded its full-year guidance, expecting faster growth due to continued momentum and enhanced operational efficiency across key areas.
The Company continues to enhance value and streamline operations across its diverse asset portfolio, while advancing integration and innovation through its shipping and logistics subsidiaries, Navig8 and Zakher Marine International (ZMI).. Read More .
Tampnet announces the deployment of a Private Multi-Access Edge Compute (PMEC) with 4G/5G capabilities on Vår Energi’s Jotun FPSO, the first installation of its kind on a floating production storage and offloading unit (FPSO).
The deployment marks a new chapter in offshore operations, where full wireless coverage lays the foundation for real-time data processing, seamless sensor integration and smarter, safer platforms. The Jotun FPSO at the Balder Field on the Norwegian Continental Shelf (NCS) is now the first FPSO globally equipped with a full PMEC-enabled private network, supported by high-speed fibre-backhaul to the Ringhorne platform.
The project is part of Vår Energi’s Digital Field Worker program, which is improving safety, efficiency and data quality by connecting field workers on offshore installations with digital applications to cover 80% of tasks performed. The program is already fully implemented (using Wi-Fi) on Goliat, with Gjøa to follow, while Vår’s Southern North Sea assets – including Balder and Ringhorne – are now 4G/5G enabled. Jotun FPSO leads the next digital phase, powered by Tampnet’s Private 4G/5G PMEC solution. . Read More
Valmet has signed a nationwide agreement with Petrobras (Petróleo Brasileiro S.A.). The agreement covers the supply of spare parts of Neles™ valves, actuators, and positioners across all Petrobras operational units, including oil and natural gas exploration, production, refining, commercialization, and power generation.
The first order was included in Valmet’s orders received of the second quarter of 2025. Potential resulting orders will be recognized over the agreement period. The value of the orders will not be disclosed. With an initial term of one year and the possibility of automatic renewal for up to five years, the agreement is a significant milestone in the partnership between the two companies. The initiative offers Petrobras strategic benefits such as guaranteed valve equipment availability, greater cost predictability, streamlined processes, reduced bureaucracy, and specialized technical support with a recognized quality standard. Read More
40 MW order in Poland
Vestas announce the following order as part of our Q3 order intake:
| Country | Region | Customer | Project name | MW | Turbine variant | Service agreement | Delivery & commissioning |
| Poland | EMEA | Undisclosed | Undisclosed | 40 | 10 x V136-4.2 MW in 4.0 MW operating mode | 20-year AOM 5000 Service Agreement | Delivery planned to begin in Q3 2026; commissioning scheduled for Q1 2027 |
Archer Aviation Inc. announced operating and financial results for the second quarter ended June 30, 2025. The Company issued a shareholder letter discussing those results, as well as its third quarter 2025 estimates.
Commenting on second quarter 2025 results, Adam Goldstein, Archer’s founder and CEO said:
“This quarter, we ramped aircraft manufacturing across our facilities in California and Georgia with six Midnight aircraft in production, including three in final assembly. Alongside major progress in the UAE, our selection as the Official Air Taxi Provider of LA28 Olympic Games, and two acquisitions to accelerate our defense program, we’re executing from a position of strength with a sector leading $1.7 billion of liquidity.”
Second Quarter Highlights:
Six Midnight aircraft in production, three of which are in final assembly at our facilities
Selected as the Official Air Taxi Provider of the LA28 Olympic Games
Commenced UAE Launch Edition program with Abu Dhabi Aviation and the Abu Dhabi Investment Office
Accelerated defense program with two strategic acquisitions
Sector leading balance sheet with over $1.7B of cash and cash equivalents Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $63.86 | Down |
| Crude Oil (Brent) | USD/bbl | $66.61 | Down |
| Bonny Light 07/08/25 CBN | USD/bbl | $70.74 | — |
| Dubai | USD/bbl | $69.03 | Down |
| Natural Gas | USD/MMBtu | $2.94 | Down |
| Murban | USD/bbl | $68.78 | Down |
| OPEC basket 11/08/25 | USD/bbl | $68.64 | Down |
Tata Motors launched its exclusive Onam offers* campaign for the state of Kerala. Valid from 25th July to 30th September 2025, the Company is offering special benefits up to ₹2, 00,000 on Passenger and Electric vehicles with priority deliveries
as a part of Onam bookings. Enhancing the festive spirit, Tata Motors has also introduced flexible and value-rich financial plans in partnership with leading institutions. Customers can now avail Balloon Schemes – enabling low initial EMIs for easier upgrades, Step-Up Schemes that provide progressive EMIs tuned to income raises for ease of payment and Low EMI Scheme offering just ₹100 per lakh EMI for the first 3 months. Moreover, EV customers can also avail 6-month financing for accessories, extended warranty, AMC, and servicing, making EV ownership even more accessible. Key Highlights:
Benefits up to ₹2,00,000 on Passenger and Electric vehicles
Priority delivery for Onam bookings
Attractive 6-month financing options on accessories, extended warranty, AMC, and EV servicing
Customer-centric EV financing schemes – Balloon Payment, Step-Up schemes and Low EMI plans
All-new Onam campaign celebrates the joy, anticipation, and real-life moments that lead up to the festival
Offers valid from 25th July to 30th September 2025 Read More
The Porsche Leipzig plant has been awarded this year’s Automotive Lean Production Award in the OEM category. The production site in Saxony impressed the expert jury and successfully brought the prestigious accolade to Leipzig.
The award has been presented annually since 2006 by the consultancy Agamus Consult in collaboration with the specialist magazine Automobil Produktion. It recognises manufacturing sites that have made outstanding contributions to lean, modern, and digitally integrated production. Under the motto ‘Learning from the Best’, the initiative aims to highlight how the European automotive industry is harnessing the potential of lean principles and digitalisation to drive innovation and efficiency in production. Read More
Stop by the Lucid booth during Monterey Car Week to discover what it means to experience California without compromise. Visit us at Concours Village to take a demo drive and explore immersive activations that showcase how the Lucid Gravity’s exceptional range1, space, performance, and technology embody every California lifestyle like nothing else on the road.
Thursday, August 14th
10 am – 6 pm
Friday, August 15th – Saturday, August 16th
9 am – 6pm
Corner of Stevenson Drive & Forest Lake Road
3250 Stevenson Drive
Pebble Beach, CA 93953
Read More
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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London, August 12, 2025, (Oilandgaspress)
