London, August 26, 2025, (Oilandgaspress) –––Eni announces that the sail away ceremony for the Nguya floating liquefied natural gas (FLNG) unit was held today in Shanghai. The unit is set to significantly boost LNG production as part of the Congo LNG project in the Marine XII concession, offshore the Republic of Congo. The ceremony was attended by Bruno Jean Richard Itoua, Minister of Hydrocarbons of the Republic of Congo, and Eni delegation led by Stefano Maione, Director of Development, Operations & Energy Efficiency. The Nguya unit, 376 meters long and 60 meters wide, will be moored at a depth of 35 meters and used for liquefied natural gas production. Designed with advanced technologies to ensure a reduced carbon footprint, it stands as a benchmark in the industry. Conceived, designed, and built in only 33 months – from contract award to sail away – the FLNG sets a record for time-to-market in the entire sector. Moreover, its cutting-edge technical features allow it to process gas from multiple fields, making it suitable for the development of future fields as well.
Furthermore, the floating production and compression unit – formerly the Scarabeo 5 drilling rig – has been refurbished and will depart in the coming days. It will be used to send processed gas to the Nguya unit. Through an innovative transformation, Eni was able to meet execution timelines, reduce costs, and minimize environmental impact. This is a concrete example of circular economy and industrial reuse, fully aligned with Eni’s decarbonization strategy. Work on the subsea infrastructure required to launch Phase 2 of the Congo LNG project is progressing on schedule, enabling mooring and startup by the end of 2025. Read More
Hyundai Motor Group announced a significant increase in investment to USD 26 billion in the United States, reinforcing its long-term commitment to innovation, jobs creation, and sustainable growth across key industries.
This investment will be made between 2025 and 2028, significantly expanding the Group’s footprint in the U.S. market.
This new commitment represents an additional USD 5 billion investment on the USD 21 billion allocation announced in March 2025, dedicated to advancing the Group’s strategic initiatives in automotive, steel, and robotics.
Key highlights of the investment include:
Strategic Steel Manufacturing: A new steel mill in Louisiana will support strategic U.S. industries such as automotive manufacturing, strengthening local supply chains and industrial resilience.
Expanding U.S. Auto Production Capacity: Hyundai Motor Company and Kia Corporation, the Group’s automotive affiliates, will substantially expand their U.S. auto production capacity, strengthening the Group’s ability to meet the evolving needs of American consumers with greater speed and efficiency.
Robotics Innovation Hub: The Group will establish a state-of-the-art robotics facility with an annual capacity of 30,000 units, serving as a U.S. hub for design, manufacturing, testing, and deployment. This initiative will position Hyundai Motor Group at the forefront of the global robotics ecosystem.
Through these initiatives, Hyundai Motor Group expects to create around 25,000 new direct jobs in the United States over the next four years, contributing meaningfully to the nation’s economic vitality.
The Group is also accelerating technology commercialization through its U.S.-based tech affiliates — Boston Dynamics for robotics and Motional for autonomous driving — while expanding collaboration with leading American companies in future technologies, including AI, robotics, autonomous driving. Read More
Hyundai Motor Company has released the first images of its new concept car, set to make its global debut at IAA Mobility 2025 in Munich, Germany, running from September 9–14. Ahead of the event, Hyundai Motor will release two further sets of images, each highlighting distinctive design elements that will be showcased on the concept car at the show. Visitors to IAA Mobility 2025 will be able to experience Hyundai Motor’s forward-thinking vision firsthand at the brand’s outdoor booth on Ludwigstraße 14 in Munich. Read More
Hyundai Motor Group and the Royal College of Art (RCA) are marking a decade of collaboration (2016–2025) by announcing an extension of their joint commitment to innovation, creativity and sustainability within the global design and mobility ecosystem.
The signing ceremony for the renewed partnership took place today at RCA’s Battersea campus. The two-year agreement, extending through 2027, highlights the Group’s enduring role as a patron of design and culture, underscoring its dedication to fostering creativity, supporting future design leaders, and pursuing sustainable innovation in mobility.
The RCA remains one of the Group’s most significant global design collaborators, with the longest and most deeply integrated partnership among its design school affiliations worldwide. RCA’s Intelligent Mobility Design Centre (IMDC) has been central to this collaboration, bringing together interdisciplinary research and education at the intersection of mobility, design and technology. Read More
Hyundai Motor Company is participating in the 13th World Congress of the Econometric Society (ESWC 2025), held at COEX in Seoul, to present its comprehensive hydrogen vision and exhibit the all-new NEXO fuel cell electric vehicle (FCEV).
At this global gathering of economic leaders, Hyundai Motor emphasizes hydrogen’s pivotal role in the sustainable energy transition. Through Hyundai Motor Group’s dedicated hydrogen brand and business platform, HTWO, the company is showcasing advanced hydrogen production technologies and pilot projects, reinforcing its commitment to building a robust hydrogen ecosystem.
A centerpiece of the exhibition is the all-new NEXO FCEV, marking its first full redesign in seven years. Featuring the Art of Steel design philosophy and signature ‘HTWO’ Lamps, the vehicle offers a targeted driving range of over 700 kilometers and a total system output of 190 kW. Enhanced safety systems and sustainable interior materials further underscore Hyundai Motor’s leadership in hydrogen mobility.
The exhibition also features visual content that illustrates the Group’s vision for a sustainable hydrogen society, as well as broader hydrogen industry applications. Attendees explored advanced technologies such as the biogas-based hydrogen extraction system at the waste-to-hydrogen plant in Chungju and the electrolysis-based hydrogen production facility in Buan. Hyundai Motor is also presenting its hydrogen-powered commercial vehicles—including the XCIENT Fuel Cell Truck and the Elec City and Universe Fuel Cell buses—demonstrating the company’s advancements in establishing a comprehensive hydrogen mobility ecosystem. Read More
Baker Hughes Rig Count: : International +27 to 913, :U.S. -1 to 538 Canada -3 to 180
U.S. Rig Count is down 1 from last week to 538 with oil rigs down 1 to 411, gas rigs unchanged at 122 and miscellaneous rigs unchanged at 5.
Canada Rig Count is down 3 from last week to 180, with oil rigs down 3 to 123, gas rigs down 1 to 56 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 22, 2025 | 538 | – 1 |
| Canada | August 22, 2025 | 180 | -3 |
| International | July 2025 | 914 | +1 |
| Baker Hughes |
In 2024, Indonesia had proven crude oil reserves of 2.3 billion barrels, a 2.8% (67 million barrels) decline from the previous year. Indonesia’s total petroleum and other liquids production decreased approximately 13,000 barrels per day (b/d) to 868,000 b/d in 2024 from the preceding year. Declining crude oil and condensate production, which fell by 4% (26,000 b/d) to 582,000 b/d in 2024, accounts for most of the decrease.5 The decline in crude oil and condensate production is attributed to several factors, including maturing fields, a lack of new exploration, and risks stemming from uncertain oil and natural gas policy.
Indonesia’s Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) set a crude oil production target for 2025 at 605,000 b/d. To achieve this target, Indonesia seeks to increase international collaboration, optimize its mature fields, create incentives for companies to fulfill exploration contracts, and use joint projects with international entities for transferring knowledge to their workforce
Indonesia’s consumption of petroleum and other liquids reached 1.7 million b/d, a 2.5% increase from the previous year and its highest level since 2018.
Indonesia was the world’s fourth-most populous country in 2024, with a population of 283 million. Its gross domestic product (GDP) grew 5% from the previous year, according to government statistics. The primary contributors to Indonesia’s growth were manufacturing, trade, and agriculture.1
Indonesia’s total primary energy production increased 8.8% to 19.3 quadrillion British thermal units (quads) in 2023 from the previous year . Increases in coal (10.5%) accounted for most of the growth. Renewables (16.0%) and natural gas (2.2%) also contributed to the increase.
In 2023, Indonesia accounted for 5.8% of total global biodiesel production, making it the world’s third-highest producer of biodiesel after the United States (8.3%) and Brazil (6.1%). Read More
The U.S. Energy Information Administration (EIA) expects a significant decline in the price of oil as growth in the global supply of oil vastly surpasses growth in demand for petroleum products. In its August Short-Term Energy Outlook (STEO), EIA expects the Brent crude oil spot price to average less than $60 per barrel in the fourth quarter of 2025—the first quarter with average prices that low since 2020.
OPEC+ announced last week that it will unwind its oil production cuts by September 2025, which is a year ahead of its previous schedule. For the first time since EIA began publishing an OPEC+ production forecast in 2023, EIA expects most global oil production growth to come from OPEC+ countries. EIA forecasts the supply growth will outpace demand, leading to quickly growing inventories. EIA expects U.S. crude oil production to average an all-time high, near 13.6 million barrels per day, in December 2025, driven by continued increases in domestic well productivity. By 2026, declining oil prices lead EIA to expect U.S. producers will pull back on drilling and well completion activity—a trend that has continued through most of 2025. EIA forecasts U.S. crude oil production will average 13.3 million barrels per day in 2026. Read More
The dollar weakened and traditional safe-haven assets advanced after President Donald Trump moved to oust Federal Reserve Governor Lisa Cook, stoking concerns over the central bank’s independence.
A gauge of the dollar retreated 0.3% before paring losses as Trump posted on his Truth Social account that Cook will be removed effective immediately. Gold rose as much as 0.5%, while the yen led gains against the dollar among Group-of-10 currencies. Asian stocks fell 0.6%. Futures for the S&P 500 dipped 0.2%. Trump’s announcement came after the US Department of Justice indicated it planned to investigate Cook, following a criminal referral from Federal Housing Finance Agency Director Bill Pulte alleging that she may have committed mortgage fraud. Read More .
President Donald Trump is threatening higher tariffs on China again. On Monday, he told reporters that the country must provide the US with the magnets that American car manufacturers need to keep their plants running. An average US car carries about half a pound of magnets, while EVs need about a pound. If China doesn’t increase the rare earth trade, ‘We have to charge them a 200 percent tariff or something,’ Trump said. The decision puts American consumers in a tough place: a high tariff on all Chinese goods could cost US families hundreds more, while throttled magnet trades could make cars and insurance even more expensive. Read More
Neste Corporation has on 25 August 2025 received a notification under Chapter 9, Section 10 of the Finnish Securities Market Act (FSMA). According to the notification by Société Générale SA (SG SA), the aggregate holdings of the entities referred to therein including financial instruments according to SMA 9:6a owned by Société Générale SA and the entities referred to above, have on 22 August 2025 exceeded 5% of the total number of shares and voting rights of Neste Corporation, and amount to 5.70% of the total number of shares of Neste Corporation. The share stock of Neste Corporation consists of 769,211,058 shares, each entitling one vote. Read More
Nissan bids fond farewell to R35 GT-R as final vehicle rolls off the line After 18 years, Nissan today commemorates the end of production for the R35 GT-R, as assembly for the Japan domestic market – the final sales region for the model – concludes. • Approximately 48,000 units produced over 18-year production run
• Final vehicle to line-off is Premium edition T-Spec finished in Midnight purple paint
• Nissan committed to reimagining future generation of GT-R
Workers at Nissan’s Tochigi plant, located about 100 km north of Tokyo, gathered to celebrate the extensive legacy of the R35 as the very last unit rolled off the line. In total, approximately 48,000 units were produced and sold over the lifecycle of the model. The final vehicle, a Premium edition T-Spec, finished in Midnight Purple paint, is destined for a customer in Japan. Read More
Ukraine has significantly intensified its attacks against Russia’s energy sector over the past few weeks. On Sunday, Kyiv targeted a gas terminal in the Leningrad region and an oil refinery in Samara. Zelenskyy indicated that the future of the pipeline could depend on Hungary’s behaviour. Budapest said Kyiv harms its sovereignty, and Slovakia warned Ukraine might be left without fuel, if the attacks continue.
Ukrainian attacks on the Druzhba oil pipeline have blocked oil imports into Hungary and Slovakia for days and provoked an ongoing war of words between Kyiv, Budapest, and Bratislava.
Ukraine attacked oil facilities on Russian territory with drones and rockets. The pipeline delivers Russian oil through Ukraine and Belarus to Central Europe, where Hungary and Slovakia still import large amounts. On Sunday, Ukraine’s president suggested that the attacks on the pipeline might be connected to Hungary’s veto on Ukraine’s EU accession. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $63.72 | Down |
| Crude Oil (Brent) | USD/bbl | $67.75 | Down |
| Bonny Light 19/08/25 CBN | USD/bbl | $69.32 | — |
| Dubai | USD/bbl | $69.46 | Up |
| Natural Gas | USD/MMBtu | $2.70 | Up |
| Murban | USD/bbl | $71.45 | Up |
| OPEC basket 25/08/25 | USD/bbl | $70.45 | Up |
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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