London, August 05, 2025, (Oilandgaspress) –––Energy-related concessions made by several Asian countries as part of tariff negotiations with the United States are seen to hurt the region’s move to decarbonize their economies and violate the global commitments to reduce emissions, analysts said. Indonesia, the Republic of Korea and Thailand have committed to importing oil and gas to address their respective trade imbalance with the US. Pakistan and the US will work together to develop Pakistan’s “massive oil reserves”, Trump said in his social media post on Wednesday.
The White House also said in a July 23 statement that there will be a “major expansion” of US energy exports to Japan and that the two sides are exploring a new offtake agreement for Alaskan liquefied natural gas. Read More
Aramco announces second quarter and half-year 2025 results: Highlights, Adjusted net income at $24.5 billion (Q2) / $50.9 billion (H1)
Cash flow from operating activities: $27.5 billion (Q2) / $59.3 billion (H1)
Free cash flow1: $15.2 billion (Q2) / $34.4 billion (H1)
Gearing ratio1: 6.5% as at June 30, 2025, compared to 5.3% as at March 31, 2025
Board declares Q2 2025 base dividend of $21.1 billion and performance-linked dividend of $0.2 billion, to be paid in the third quarter
Supply reliability of 100% in H1 maintains strong track record of consistency and stability
Progress at Berri, Marjan and Zuluf crude oil increments, and Jafurah Gas Plant on track
Phase one of Dammam development project brought onstream
Global retail momentum continued with introduction of premium fuel lines in Chile and Pakistan
Power purchase agreements signed to develop new renewables projects, capitalizing on the Kingdom’s advantaged solar and wind resources
Strong global demand for $5.0 billion bond issuance highlights investor confidence in Aramco’s strong financial position, resilience and long-term strategy Read More
Saudi Aramco, reported on Tuesday a 20% decline in second-quarter earnings as lower oil prices weighed on revenues despite rising production in line with the OPEC+ policy. Aramco, which is also the world’s biggest oil company by market capitalization and production, booked a net income attributable to shareholders of $22.85 billion for the second quarter, down by 19% from the same period last year. The income also fell compared to the first quarter as Aramco’s average realized crude price was $66.70 per barrel in April to June, down from $76.30 in the first quarter and from $85.70 a barrel for the second quarter of last year.
The drop in earnings was mainly due to the decline in revenues on the back of lower oil prices, as well as higher operating costs, the Saudi oil giant said. The higher volumes of crude oil that Aramco has been pumping since April – in line with OPEC+’s decision to accelerate the rollback of the production cuts – failed to offset the $10 per barrel slide in international oil prices in the second quarter. Prices slumped as OPEC+ accelerated production increases and as U.S. President Donald Trump roiled commodity markets with inconsistent tariff policies toward key U.S. trade partners.
Aramco’s board declared a base dividend of $21.1 billion for the second quarter and a performance-linked dividend of $200 million. The performance-linked dividend was slashed last year as prices fell and Aramco struggled to pay the huge dividends to its shareholders, the biggest of which with over 90% is the Kingdom of Saudi Arabia.
Falling profits have prompted Aramco to tap the debt markets for bond issuances. Read More
Baker Hughes Rig Count: : International +27 to 913, U.S. -2 to 540 Canada -5 to 177
U.S. Rig Count is down 2 from last week to 540 with oil rigs down 5 to 410, gas rigs up 2 to 124 and miscellaneous rigs up 1 to 6.
Canada Rig Count is down 5 from last week to 177, with oil rigs down 4 to 124, gas rigs down 1 to 53 and miscellaneous rigs unchanged at 0.
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 1, 2025 | 540 | -2 |
| Canada | August 1, 2025 | 177 | – 5 |
| International | July 2025 | 914 | +1 |
Daimler Truck Financial Services (DTFS) continues its international growth course by launching financing operations in Poland. With its market entry, DTFS now offers integrated leasing, financing, and service solutions for trucks and buses from Daimler Truck AG in this Eastern European market. Expansion into the Czech Republic and Slovakia is planned for later this year. By the end of 2025, DTFS intends to be active in a total of 21 markets worldwide.The markets of Poland, the Czech Republic, and Slovakia play a vital role in the commercial vehicle business in Europe. As dynamically growing regions with rising transportation and logistics needs, they present DTFS with significant opportunities to expand its market presence and support customers with integrated solutions. DTFS is thus evolving from a pure financial services provider to a full-service partner for commercial vehicles. In addition to leasing and financing, the portfolio also includes insurance, rental offerings, charging infrastructure, and its own payment solution. Customers can flexibly combine these services at fixed monthly rates – a model already available in many markets worldwide.Read More Daimler Truck Financial Services launches operations in Poland .
Daimler India Commercial Vehicles, a wholly owned subsidiary of Daimler Truck AG, recently launched new BharatBenz heavy-duty truck models meeting specific needs of customers in India’s growing construction and mining segment even better.
The BharatBenz HX series includes the BharatBenz 2828C HX and the 3532C HX models – both made for applications in the construction segment and available in two powerful and efficient configurations (280 hp/1100 Nm torque and 320 hp/1250 Nm torque). The BharatBenz HX series trucks all come equipped with Hill Hold Assist, unitized front axle bearings for reduced maintenance requirements, a wind deflector for improved aerodynamics and an advanced driver state monitoring system. HX models guarantee high gradeability (up to 60% with 2828C model and up to 54% with 3532C model) and the new improved rear axle (IRT440-11) ensures higher capacity for superior performance in demanding construction applications. BharatBenz HX models have an optimized approach angle for an improved ground clearance for challenging terrain conditions. The BharatBenz Torqshift series includes the 2832CM and the 3532CM model, both equipped with an automatic transmission which is globally proven in Daimler Truck brands (G211-12 Powershift 3). In addition, BharatBenz newly offers the 2828C Ready Mix Concrete (RMC) variant with 9 m³ capacity and the powerful OM 926 BSVI OBD-II engine generating 280hp and 1100Nm torque for reliable concrete transportation across challenging terrains. DICV tested all new models in extensive customer trials across India’s most demanding construction and mining sites. These trials with various customers and more than 150 trucks demonstrated significant improvements in uptime, operational efficiency, and profitability. Read More BharatBenz introduces new models for India’s construction and mining sector
Production of 600,000th model of the legendary Mercedes‑Benz G‑Class rolled off the production line in Graz, Austria – a Mercedes‑Benz G 580 with EQ Technology (combined energy consumption: 30.3‒27.7 kWh/100 km | combined CO₂ emissions: 0 g/km | CO₂ class: A)1 in obsidian black metallic. The off-road classic, often praised as the “best off-road vehicle in the world,” has been writing its own success story since 1979. The G‑Class owes its cult status within its growing fan base primarily to its unique combination of unmistakable design and outstanding off-road capability. The degree of individualization is higher for no other vehicle with the Mercedes‑Benz Star than for the G‑Class. MANUFAKTUR started for the G‑Class in 2019 – with overwhelming success. Over 90 percent of G‑Class customers now choose at least one MANUFAKTUR option – on average, it’s three per vehicle. With MANUFAKTUR, more than a million possibilities open to make the dream of a unique specimen come true. MANUFAKTUR also fulfils the increasing demand from G‑Class customers for heritage paint colours and exclusive shades inspired by iconic designs. Since 2024, it has been possible to choose from up to 20,000 paint colours. Read More Mercedes-Benz G-Class
Mercedes‑Benz is showcasing the first series production of its all-new Mercedes‑Benz GLC with EQ Technology. One of the most defining characteristics is the new iconic grille. This striking centrepiece preserves the essence of Mercedes‑Benz while embracing a more modern touch through reduction, clean lines and cutting-edge technology. The all-new electric Mercedes‑Benz GLC will celebrate its world premiere at the IAA Mobility show in Munich on 7 September 2025.
A new era of iconic design, redefining the brand’s face
For over 100 years, the chrome grille has been a central feature of nearly every Mercedes‑Benz, while steadily evolving over time. From its original vertical proportions with simple details to the more intricate, horizontal architecture of recent years, the grille has been a proud signature on many millions of cars. The heritage portfolio features many memorable and much-loved examples, including the legendary Mercedes‑Benz 600 Pullman (W 100, 1963‑1981), the “Strich 8” (W 114, 1968‑1973), and the Mercedes‑Benz S‑Class model series W 108 (1965‑1972) and W 111 (1959‑1968).
The chrome grille is one of the most visual representations of the brand’s DNA. See a Mercedes‑Benz grille, and there is no doubt as to the provenance of the vehicle it’s carried on. Therefore, the introduction of the iconic grille marks an important step for the company that has created many milestone moments. From a functional feature of the combustion-vehicle era, the new grille of the all‑electric GLC has transitioned into an illuminated work of art, conveying prestige and status through reduction, clean lines and technology. The fusion of design, technology and craftmanship is boldly transposed through three main features: a wide chromed frame, a smoked-glass-effect lattice structure and integrated contour lighting. An illuminated version is available as an option, featuring a total of 942 dots backlit from behind. This optional high-tech pixel graphic can even be animated and brings the electric GLC to life. Additionally, the central star and the integrated surrounding contour of the panel are illuminated. Read More Mercedes-Benz starts with all-new electric GLC
Rivian’s Charging Outposts connect people to some of the world’s most special places like Yosemite and Joshua Tree National Parks.
The opening of our Southampton, New York location now makes traveling to and from the easternmost part of Long Island even more convenient for electric vehicle drivers, whether they are visiting for the weekend or are residents. The 2,000 square-foot space is just minutes from Hamptons mainstays like the Parrish Art Museum and offers travelers the opportunity to charge, refresh, and get inspired for whatever journey awaits them. Charging Outposts are amenity-based Rivian Adventure Network charging stations on high-visibility routes that provide EV owners with a reliable, worry-free charging experience while on the road. Celebrating the local vernacular is a core tenet to our design approach, so for this space, we leaned into the relaxed, coastal feel of the Hamptons, housing our space in a classic cedar shingle building on Montauk Highway. The site features six fast chargers, including a trailer-friendly pull-through charger, and is open to all EV owners. While vehicles charge, guests can enjoy a relaxing lounge area with complimentary coffee and peruse curated merchandise and snacks like tinned fish available for purchase. Young adventurers can explore an outdoor play area featuring a sandpit or indoor reading nook adorned with art prints by New York-based artist Danielle Kroll. Read More Electrifying Out East .
In a strong start to August, several Indian listed companies have announced major order wins across defence, infrastructure, renewable energy, and public sector projects. From AXISCADES securing a Rs 223.95 crore order from the Indian Army to Suzlon powering Zelestra’s 381 MW renewable energy push, these contracts highlight the growing momentum in domestic manufacturing, EPC services, and clean energy transitions. Lloyds Engineering Works’s 88%-owned subsidiary, Techno Industries, has secured a Rs 19.58 crore order from Mumbai Railway Vikas Corporation for the supply and maintenance of escalators on Aug 1. The contract includes design, manufacturing, installation, testing, commissioning, and AMC services. , Larsen & Toubro’s Renewables vertical secured a significant EPC order to develop a 116 MWac solar photovoltaic (PV) plant integrated with a 241 MWh battery energy storage system (BESS) at Kajra in Bihar’s Lakhisarai district. This marks the second phase of development at the site, bringing the total co-located storage capacity to 495 MWh—the largest awarded by a state utility in India. Read More Indian companies announce major order across defence, infrastructure, renewable energy,
Centre for Science and Environment (CSE) – has named Nabha Power Ltd’s (NPL) Rajpura thermal power plant (TPP) as India’s best-performing supercritical coal-based thermal power plant for emission intensity. This is in the below 800MW capacity unit category.
NPL is a wholly-owned subsidiary of Larsen & Toubro and the thermal power plant is located in Punjab’s Patiala district.
In its latest report titled “Decarbonizing the Coal-based Thermal Power Sector in India: A Roadmap,” released recently, CSE evaluated the emission intensity of all coal-based thermal power plants in India and identified Rajpura plant among the top performers.
According to CSE, Rajpura plant achieved an emission factor of 0.84 tonne/MWh, a benchmark among all supercritical power units in the country. This is significantly better than the national average emission factor of 0.97 tonne/MWh.
The CSE report also highlighted the plant’s auxiliary power consumption rate of 4.62 per cent, the lowest in the sector. Auxiliary power consumption refers to the portion of electricity used by a plant to operate its systems — such as pumps, fans, and other essential equipment. A lower auxiliary power consumption rate indicates higher operational efficiency, as more of the generated power is available for external supply.
“Benchmark set by Rajpura TPP nudges other coal based TPPs to adopt operational and modernisation measures to achieve emission intensity improvements. Coal decarbonisation potential via efficiency improvement is key to emission reductions in the power sector of India”, said Parth Kumar, Programme Manager – CSE. Read More Rajpura Thermal Power Plant named India’s best for lowest emission intensity.
L&T has secured a significant order to develop a grid-connected 116 MWac Solar Photovoltaic (PV) plant integrated with a 241 MWh Battery Energy Storage System (BESS) at Kajra, Lakhisarai district in Bihar.
The engineering, procurement and construction order marks an extension of the earlier phase, taking the total co-located storage capacity of the renewable generation site at Lakhisarai to 495 MWh — the largest such project awarded by a state utility in India.
The deployment of a 4-hour BESS alongside intermittent solar generation will enable energy time-shifting, allowing surplus clean energy to be stored and despatched during peak demand periods. The advanced BESS solution will feature liquid cooling technology, ensuring higher power density, improved safety, and extended operational life.
The initiative aligns with Government of India’s policy push for co-located renewable energy storage systems and supports the Jal-Jeevan-Hariyali Abhiyan (water, life, and greenery mission) in Bihar, while contributing to employment generation and long-term energy security.
The Renewables business vertical had earlier secured an EPC order for a 275 MW Solar PV project in Gujarat, strengthening its portfolio of flexible, efficient and cost-effective clean energy systems. Read More L&T Renewables Business
Tata Motors, India’s leading SUV manufacturer, today unveiled the All-New Adventure X Persona, featuring in its flagship SUVs – the Tata Harrier and the Tata Safari. With this new persona, the Company has brought in a complete package of adventure, performance, and features, offering greater value proposition and access to a robust and adventurous lifestyle to its customers. Packed with segment-first features at this price point, the Harrier and Safari Adventure Persona includes ADAS with Adaptive Cruise Control (AT), 360° HD Surround View, Trail Hold EPB with Auto Hold, Trail Response Modes (Normal, Rough, Wet), a Land Rover-derived Command Shifter (AT), along with segment-leading features such as the Ergo Lux Driver Seat with Memory & Welcome function, a 26.03 cm Ultra-View Twin Screen System, Trail Sense Auto Headlamps, Aqua Sense Wipers, and Multi Drive Modes (City, Sport, Eco). These personas will be available for grabs, starting today, at an introductory price of ₹ 18.99 Lakh for the Harrier Adventure X and ₹ 19.99 Lakh for the Safari Adventure X+ persona. With the launch of this new variant, Tata Motors has enhanced the appeal of the Harrier and Safari lineup by making the range more intelligent, cohesive, and value-packed than ever in the high SUV segment. With a streamlined persona structure, feature-rich variants, and new colour options, the line-up also comes with the new Pure X persona which will offer enhanced value to the customers at a great price point. Read More Adventure X Persona of Harrier and Safari launched
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $65.50 | Down |
| Crude Oil (Brent) | USD/bbl | $68.05 | Down |
| Bonny Light 01/08/25 CBN | USD/bbl | $74.76 | Down |
| Dubai | USD/bbl | $70.87 | Up |
| Natural Gas | USD/MMBtu | $2.98 | Down |
| Murban | USD/bbl | $70.19 | Down |
| OPEC basket 04/08/25 | USD/bbl | $71.58 | Down |
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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