London, June 25, 2025 (Oilandgaspress) –-The war between Israel and Iran has spark worry about energy supply security in Beijing, and a greater interest in the Power of Siberia 2 pipeline—a project proposed by the Russian side, on which the Chinese side has been in no hurry to make a decision. The Wall Street Journal reported the news, citing unnamed sources close to the government in Beijing. The latter has been in two minds about the Power of Siberia 2, first, because it has been hard to agree with the Russian side on things like ownership and pricing and second, because China does not want to become over-reliant on a single source of oil and gas.. oilprice.com
Oil plunged for the second straight day as U.S. President Donald Trump signaled he wants to keep oil flowing out of Iran after brokering a fragile ceasefire between Tehran and Israel. West Texas Intermediate crude plunged by nearly 15% over two sessions to settle near $64 a barrel, while Brent was just above $67. Prices have slumped amid the significant deescalation of a conflict that has rocked the energy-rich Middle East. Trump said in a social media post that China can continue buying Iranian oil and that he hopes the country will also be purchasing “plenty” from the U.S.
Crude fell further as both sides made deescalatory remarks.
Early in Europe, Brent crude had risen to $67.91 a barrel, while WTI was at $65.15. The prices has since dropped as the market continues to fluctuate due to continued conflict in the Middle East, with investors monitoring the shaky ceasefire.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $65.26 | Up |
| Crude Oil (Brent) | USD/bbl | $68.08 | Up |
| Bonny Light 23/06/25 CBN | USD/bbl | $80.92 | — |
| Dubai | USD/bbl | $69.88 | Down |
| Natural Gas | USD/MMBtu | $3.53 | Down |
| Murban | USD/bbl | $68.67 | Up |
| OPEC basket 24/06/25 | USD/bbl | $68.71 | Down |
Opel Frontera: The Flexible Family-friendly SUV Efficient, electrified and with space aplenty, the new Opel Frontera is ready for daily adventures. The family-friendly SUV shines not only with its rugged design, clever solutions and affordable prices, but above all with a wide range of applications. Because whether you want to go on vacation or just shopping in bulk, the Frontera, electrified in every variant, is the right companion for all tasks. This is ensured by a pleasantly airy interior and up to around 1,600 litres of cargo volume. From shopping bags to various suitcases to transport boxes, everything that needs to be taken on a long journey fits into the SUV.
At a particularly affordable entry-level price of €23,900 (all prices RRP incl. VAT in Germany), the Frontera is available as a hybrid with five seats. Customers looking for a fully electric and locally emissions-free option, can choose the Frontera Electric for prices starting at €28,990. With a vehicle length of 4,385 millimetres, a width of 1,849 millimetres (with folded exterior mirrors) and a height of 1,635 millimetres, the Frontera offers plenty of space. The clear design with upright sides and rear window also contributes to this.
Even with the rear seats up, the SUV has 460 litres of cargo volume.
Renault is grouping its exceptional collection of historic vehicles , art works and archive documents 2027 in a new exhibition centre outside Paris in Flins, set to open in 2027. The public will be able to explore the brand’s unique heritage through tours and themed exhibitions. This ambitious project will showcase the brand’s 125 years of history while highlighting its impact on automotive innovation and our collective memory.
Renault is announcing a unique heritage project, designed to bring its rich industrial and cultural heritage to the greatest number. From 2027, members of the public will be able to immerse themselves in the Group’s history. The project is a chance to (re)discover iconic models, each with their own story to tell: a story not only of technical innovation, but also of social transformation. And because cars contribute to shaping cities, lifestyles, art and culture, they are also a direct witness to everyday life. For visitors, the new venue will bring back personal memories associated with specific brand cars or commercials that marked their time, as well as giving them an opportunity to admire exceptional works of art from the Renault Fund. This future venue will pass on the history of Renault, bringing it to life through experiences, interactions, special events and technology. For example, it will tell the story of the brand through an immersive odyssey based on virtual reality. Visitors will experience the adventure of Renault, a brand whose history is closely tied to the history of France. A unique immersive experience.Located in front of the industrial plant, on the outskirts of Flins and Elisabethville, this new venue will be a gateway between the towns and the world of Renault
Hyundai IONIQ 5 N Earns ‘Five-Star Car’ Accolade at 2025 Autocar Awards – Hyundai Motor Company’s first high-performance EV, the IONIQ 5 N, has been awarded a prestigious Five-Star Car award by Autocar, a globally respected automotive publication. This distinction places the IONIQ 5 N among an exclusive group of vehicles recognized for setting new benchmarks in performance, innovation and everyday usability.
Autocar has been conducting its renowned road test for nearly a century. Its Five-Star Car award is reserved for vehicles that demonstrate exceptional performance across all categories. This year, only three models – including the IONIQ 5 N – earned this top distinction, reflecting the road test’s rigorous standards.
The IONIQ 5 N is Hyundai’s first model to receive a Five-Star Car award from Autocar, with its road tester team commending the vehicle for its cutting-edge technology, dynamic capabilities and engaging driving experience – qualities rarely found in today’s high-performance EVs. In its official review, Autocar described the IONIQ 5 N as a “game changer” that is “blindingly good fun and capable of rising to any occasion in dynamic terms.”
Powered by a dual-motor setup delivering up to 641 horsepower (with N Grin Boost-mode activated), the IONIQ 5 N accelerates from 0 – 60 mph in just 3.4 seconds. But beyond raw speed, Autocar praised its N e-Shift function, which simulates gear changes and engine-braking characteristics typically found in internal combustion performance vehicles – enhancing driver engagement through a more immersive feel.
Mark Tisshaw, Autocar Editor, said, “Cars that truly change the game have always been vanishingly rare, and that remains true in the topsy-turvy era the automotive industry is currently weathering. Yet the IONIQ 5 N is just that: a game-changer. With the arrival of the N, the electric driver’s car has landed, and it’s fully deserving of its perfect five-star Autocar road test.”
Plenitude and Modine Sign Agreement for New Photovoltaic Plant Plenitude and Modine, a global company founded in 1916 and specialized in thermal management systems and components, have signed an agreement for the construction of a new solar power plant in Pocenia (Udine). With an installed capacity of 1.585 MWp, the plant is expected to generate approximately 1.8 GWh of electricity annually and will contribute to powering an innovative system for the generation of thermal and cooling energy at Modine’s facilities.
The project also includes the installation of high-efficiency, next-generation heat pumps and condensing boilers with a total capacity of 5 MW and 4,6 MW respectively. Thanks to a 10-year Energy Performance Contract (EPC) model, MODINE will be able to access renewable energy at a fixed cost without any upfront investment.
At Modine’s sites in Pocenia (Udine) and San Vito al Tagliamento (Pordenone), Plenitude has already completed two other photovoltaic systems with capacities of 2.5 MWp and 1.183 MWp, respectively.
Plenitude, a company controlled by Eni, operates in over 15 countries worldwide with a business model that integrates the generation of more than 4 GW of renewable electricity, the sale of energy and energy solutions to 10 million customers and an extensive network of 21,500 electric vehicle charging points. By 2028, the company aims to reach 10 GW of renewable capacity globally.
Modine is a global company with over one hundred years of experience in developing heat exchange solutions for commercial, industrial and mobile systems.
Modine is deeply committed to sustainability, developing technologies that reduce energy and resource consumption, cut emissions and improve quality of life.
Cobra Separator Process Enters Baseline Production QuantumScape Corporation (NYSE: QS), a global leader in next-generation solid-state lithium-metal battery technology, today announced a major milestone in the scale-up of its production capabilities: the successful integration of its advanced Cobra separator process into baseline cell production.
Cobra forms the foundation of QS’s high-throughput, continuous-flow separator production platform. Designed to enable faster, more energy-efficient production with a smaller equipment footprint compared to earlier processes, Cobra represents a step-change improvement in ceramic separator manufacturing. Compared to the prior-generation Raptor process, Cobra offers a ~25x improvement in heat treatment speed and occupies a fraction of the physical space per film start – key advantages in the design of a scalable gigafactory production line. With Cobra in place as the new baseline, QS will continue to improve its production speed, efficiency and scalability, laying the groundwork for higher-volume B1 sample production. These production metrics are expected to further improve as the company introduces future iterations of Cobra.
The journey to first ammonia First ammonia production is targeted for the second half of 2025, with lower-carbon ammonia production targeted for the second half of 2026.
Rachel Archer, Vice President Projects International, shares her insights on Woodside’s journey to first ammonia and project completion.
It has been a busy time for you and the team. What are some of the key highlights since we first announced the acquisition?
This is such an exciting time for our international business, as we get ready to add a new commodity to our portfolio and start a new chapter for Woodside’s new energy business.
Since announcing the acquisition of the Project from OCI, we’ve been focused on business integration, operational readiness and assurance. And we’ve been making excellent progress with the Construction of Train 1 now about 90% complete (as of Q1 2025). Construction of the first phase of the Project, which has a design capacity of 1.1 million tonnes per annum, is currently being managed by OCI and this will continue through project completion.
From a people perspective, we are looking forward to welcoming new team members to Woodside from OCI, when the Project is complete. We believe that OCI’s experience and expertise in this business, coupled with Woodside’s global operating capability, will set us up to deliver a safe and efficient ammonia operation.
Senegal celebrate success of Sangomar Last week marked the first anniversary of production from the Sangomar Project – and what a year it’s been: Senegal’s first offshore oil and gas project has delivered significant success for both Woodside and the West African nation. Sangomar has underscored the quality of our company’s assets and the abilities of our people to deliver large-scale projects of value to shareholders.
Woodsiders’ skills were amply demonstrated as they completed the work on the Project, cleared the enormous hurdles erected by COVID-19 and then overcame the massive logistical disruptions the pandemic inflicted. Despite these unprecedented challenges and disruption, safety remained front and centre and some 30 million hours of work was completed without a single serious injury. Within only nine weeks of first oil in mid-June, Sangomar had achieved nameplate capacity. It continues to this day to deliver exceptional production reliability and safety performance.
Cheikh Gueye is one Woodsider who has enjoyed a ground-level view of Sangomar’s success from the country’s capital, Dakar. Cheikh, Woodside’s Country Manager Senegal, says: “People are very excited and proud with Sangomar’s success, and the Woodside brand is now associated with good news and positivity.
World Premiere of the all-new Patrol NISMO Nissan today premiered the all-new Patrol NISMO at an event in the Middle East. Explicitly developed through extensive customer insights from the region, the latest iteration is perfectly tailored to the Middle East’s driving preferences and performance expectations.
Born from decades of motorsport excellence, NISMO (short for Nissan Motorsports) represents the pinnacle of Nissan performance, engineering, and innovation. Every NISMO model is designed to offer an adrenaline-packed driving experience, and the all-new Nissan Patrol NISMO blends the robustness of an SUV with the precision of track-inspired engineering.
A dedicated team of specialized engineers, handpicked for their expertise in high-performance development, worked exclusively on the all-new Patrol NISMO, to unleash the most potent Patrol ever.
With a specially tuned twin-turbo V6 delivering region-exclusive performance, optimized aerodynamics, and bold new styling cues, the all-new Patrol NISMO introduces substantial advancements in both performance and design. A retuned suspension and a more pronounced exhaust note heighten the driving experience, while signature NISMO details reinforce its unmistakable motorsport pedigree.
The launch of the all-new Nissan Patrol NISMO exemplifies the Re:Nissan strategy’s market-specific focus, leveraging core strength in the large SUV segment to boost brand presence and profitability in the Middle East. It solidifies the flagship Patrol SUV’s positioning with greater appeal and competitiveness in the region.
Exclusive to the Middle East, the all-new Nissan Patrol NISMO boasts a class-leading 495 horsepower and 700 Nm of torque in Sport Mode — the highest output for the VR35DDTT engine anywhere globally.
Woodside completes Louisiana LNG sell-down to Stonepeak’ Woodside is pleased to announce the completion of the sell-down of a 40% interest in Louisiana LNG Infrastructure LLC to Stonepeak, a leading global investment firm specialising in infrastructure and real
assets. The completion follows Woodside’s announcement on 7 April 2025 that it had signed an agreement with
Stonepeak, enhancing Louisiana LNG economics and strengthening Woodside’s near-term capacity for shareholder returns.1Under the transaction, Stonepeak will provide US$5.7 billion towards the expected capital expenditure for the foundation development of Louisiana LNG on an accelerated basis, contributing 75% of project capital expenditure in both 2025 and 2026. The closing payment of approximately US$1.9 billion received by Woodside reflects Stonepeak’s 75% share
of capex funding incurred since the effective date of 1 January 2025.
Woodside CEO Meg O’Neill said Stonepeak would add further value to the Louisiana LNG Project. “Our partnership with Stonepeak reflects the attractiveness of Louisiana LNG and was a key milestone towards achieving a successful final investment decision. Stonepeak is a high-quality partner, with extensive investment experience across US gas and LNG infrastructure. “The accelerated capital contribution from Stonepeak enhances Louisiana LNG project returns and
strengthens our capacity for shareholder returns ahead of first cargo from the Scarborough Energy Project in
Western Australia, targeted for the second half of 2026.
1PointFive Announces 50,000 Metric Ton Carbon Removal Agreement with JPMorganChase 1PointFive, a carbon capture, utilization, and sequestration (CCUS) company, today announced that JPMorganChase purchased 50,000 metric tons of carbon dioxide removal (CDR) credits over 10 years enabled by Direct Air Capture (DAC). The agreement demonstrates the increasing adoption of durable carbon removal technologies that help organizations achieve their sustainability goals and support the development of vital energy infrastructure in the United States.
The CDR credits for JPMorganChase will be produced from STRATOS, 1PointFive’s first DAC facility in Texas that is starting up this year. As a subsidiary of Occidental, 1PointFive is leveraging more than 50 years of carbon management expertise and major projects experience to deliver commercial-scale DAC.
The agreement is part of the bank’s strategy to address operational emissions, which also helps establish a market for high-quality and durable carbon removal credits. The captured carbon dioxide underlying the credits will be stored through saline sequestration.
“We’re excited to work with JPMorganChase and believe this agreement further demonstrates how leading organizations are integrating Direct Air Capture credits into their portfolios,” said Michael Avery, President and General Manager of 1PointFive. “Momentum from CDR buyers helps us move the technology forward and build infrastructure that creates economic opportunities in the United States.”
“With STRATOS set to be commercially operational this year, JPMorganChase is proud to support large scale deployment of DAC technology. This offtake agreement builds on our diverse, high-quality portfolio of carbon removal projects to address our unabated operational emissions and aligns with our ongoing efforts to help scale the growth and development of carbon removal technologies,” said Taylor Wright, Head of Operational Decarbonization, JPMorganChase.
EU competition chief Teresa Ribera to announce a policy reversal EU competition chief Teresa Ribera will unveil a new rulebook on state subsidies for clean energy, laying out exactly how national governments can channel public money into companies to help them decarbonize. A fresh clause on “temporary electricity price relief” mechanisms, which appeared in a revised draft of the Clean Industrial Deal State Aid Framework (CISAF) obtained by POLITICO on Friday, essentially validates Berlin’s plans by allowing EU governments to offset electricity costs for energy-intensive players.
It’s a stark example of the way the thinking on national subsidies — known as state aid in EU parlance — has evolved.
Article 107 of the EU treaty prohibits state subsidies by default, in order to stop countries from favoring certain companies or products and distorting competition across the bloc’s single market.
But the Commission recognizes that some of the aid is necessary to achieve greater objectives, and has built out a series of so-called frameworks over the years that spell out exemptions to help these along.
UK’s new Modern Industrial Strategy is a watershed moment that comes at a time of considerable global uncertainty.
Our ambition to transition to zero emission mobility, one that is shared with government, will see car and van increasingly decarbonised to 2035 and HGVs thereafter. But the path to that ambition is paved with obstacles. Tariffs and trade protectionism have fundamentally altered the global trading environment, economic uncertainty stifles growth and consumer affordability, and thus demand is constrained.
However, UK Automotive’s role as a key driver of net zero and economic success remains certain. Our sector directly contributes more than £25 billion in value to the economy and more than £44 billion worth of exports annually, while employing nearly 800,000 people. We inspire innovation, with 23 R&D and nine design centres, mastering the technologies of the future. And we are driving the zero emission transition, having put more than a million zero emission vehicles on the road in the past five years despite a reticent market.
Furthermore, the wider halo effect of automotive – supporting the nation’s advanced manufacturing capabilities and engineering skills – cannot be understated.
Confidence is returning. Our automotive business leaders survey shows that half of all businesses surveyed have secured or are seeking new investment in the UK, despite a globally volatile and economically challenging environment.
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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