London, June 04, 2025 (Oilandgaspress) –-Oil prices up as supply disruptions from Canada’s wildfires counteracts OPEC’s latest supply increase according to reports. The fires in Canada’s area of Alberta has shut down almost 350,000 barrels a day of heavy crude production, more than three quarters the amount of oil OPEC+ agreed over the weekend to add back to the market.
WTI for July delivery rose 1.4% to settle at $63.41 a barrel in New York.
Brent for August settlement climbed 1.5% to settle at $65.63 a barrel.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $63.22 | Up |
| Crude Oil (Brent) | USD/bbl | $65.25 | Up |
| Bonny Light 28/05/25 CBN | USD/bbl | $69.18 | Up |
| Dubai | USD/bbl | $63.73 | Up |
| Natural Gas | USD/MMBtu | $3.70 | Up |
| Murban | USD/bbl | $65.17 | Up |
| OPEC basket 03/06/25 | USD/bbl | $65.07 | Up |
Saab and Maxar forge partnership Saab is pleased to announce a partnership with Maxar Intelligence, a leading provider of geospatial intelligence. This collaboration is set to transform the multi-domain battlespace with cutting-edge space-based capabilities.
Through this partnership, Saab will leverage Maxar’s advanced satellite technologies and geospatial intelligence to further develop targeting capabilities, GPS-resilient systems and advanced C5ISR solutions (Command, Control, Communication, Computers, Cyber, Intelligence, Surveillance, and Reconnaissance). The initiative aims to create robust and intelligent systems that can operate effectively even in GPS-denied environments, ensuring greater operational capabilities on the modern battlefield.
“Our collaboration with Maxar represents a significant leap forward in our commitment to use information from the Space domain and thereby enhancing the strategic defence capabilities of Europe and beyond,” says Görgen Johansson, head of Saab business area Dynamics.
“By integrating Maxar’s high-end geospatial insights and satellite capabilities with our advanced defence systems, we are setting new standards in the effectiveness and reliability of military operations across multiple domains.”
Royal Thai Air Force confirms selection of Saab’s Gripen E/F The Royal Thai Air Force has today confirmed its selection of the Saab Gripen E/F as its new future multi-role fighter. Saab and the Swedish Defence Materiel Administration (FMV) will now follow the next steps in the procurement process with the Kingdom of Thailand.
At this point Saab has not signed a contract nor received an order relating to this announcement.
In addition to Gripen E/F fighter aircraft and associated equipment, Saab’s offer also includes a long-term offset package. This will benefit the national security and strategic independence of Thailand, while also bringing new jobs and investments to a range of Thai society sectors. The details are yet to be determined.
“We welcome the Royal Thai Air Force’s selection of Gripen E/F as its future fighter and look forward to the next steps in this procurement process. Gripen E/F is the best solution to provide Thailand with independent airpower for the future which will contribute significantly to the nation’s safety and security,” says Micael Johansson, President and CEO of Saab.
Thailand has been operating Gripen C/D since 2011.
Syzygy and Kent Partner on Electrified Biogas-to-Fuel Plant Syzygy Plasmonics, the global leader in electrified biogas-to-SAF technology, today announced the initiation of Front-End Engineering and Design (FEED) with Kent for NovaSAF 1, the world’s first electrified biogas-to-SAF facility. The site will serve as a model for scalable, low-cost sustainable aviation fuel production. This company milestone advances Syzygy’s mission to seize the significant global opportunity to profitably convert biogas into sustainable aviation fuel (SAF) using clean electricity.
Located in Durazno, Uruguay, NovaSAF 1 will produce over 350,000 gallons of ASTM Certified SAF annually, marking a breakthrough in cost-effective, scalable clean fuel. The project is backed by long-term feedstock and site agreements with Estancias del Lago (EDL), one of Uruguay’s largest dairy and agri-energy operations. Permitting and equipment sourcing is ongoing alongside front-end engineering work led by Kent, a world leader in SAF project development and execution.
Powered by Syzygy’s proprietary NovaSAF™ platform, the facility combines the benefits of biogas and Power-to-Liquids (PtL) technologies, leveraging waste as feedstock, eliminating the need for pipelines or costly separation while achieving ultra-low water use and carbon intensity. Syzygy’s electrified pathway can potentially qualify as a RFNBO to meet EU regulations. Unique to NovaSAF™ is the ability to provide these social and carbon benefits at a production cost that is unmatched by traditional SAF alternatives like HEFA, ATJ, or PtL. The result is a clean fuel solution that is not only scalable and sustainable, but also economically viable by delivering Jet-A parity fuel when fully commercialized.
Project Highlights
• Feedstocks: Cow manure–derived biomethane and CO₂, renewable electricity, and steam
• Fuel Output: Drop-in SAF compliant with ASTM D7566
• Annual Capacity: Over 350,000 gallons SAF
• Target Carbon Intensity: >80% reduction vs. Jet-A
• Planned FID: Q4 2025
• Commercial Operations: Q1 2027
Strategic & Environmental Impact
• >50% higher SAF yield than conventional thermal biogas reforming pathways
• Utilizes both methane and CO2, naturally found in biogas, as feedstocks
• No gas pipelines necessary, no water-intensive processes
• Designed for modular, exportable replication in biogas-rich regions
• Addresses tens of thousands untapped global biogas sites
• Will comply with EU, US and CORSIA SAF Regulations
CCCUE upgrades fleet with latest Saab Seaeye Panther XTP Saab UK has sold and delivered a new Seaeye Panther XTP remotely operated vehicle (ROV) to CCC Underwater Engineering S.A.L (CCCUE), strengthening the company’s offshore inspection and construction capabilities across its global operations.
The delivery of the Panther XTP was completed in January 2025, and replaces CCCUE’s long-serving Panther 905, originally delivered in 2001. It follows the successful integration of another Panther XTP into CCCUE’s fleet in 2023, demonstrating continued confidence in the system’s performance.
Established in 1976, CCCUE began as a commercial diving company operating in the Arabian Gulf. Today, the company has evolved into a full-service offshore construction firm supporting the energy sector worldwide. With this latest purchase, CCCUE now operates a fleet of nine Saab Seaeye ROVs.
The Panther XTP is a compact, powerful ROV designed for a wide range of offshore inspection and intervention tasks. With a track record of robust performance in challenging conditions.
75% of hospitality food waste avoidable Food waste related to individual consumption is a huge problem, posing economic and environmental costs such as soil degradation and biodiversity loss while threatening global food security. Studies have shown that about 75% of food waste in the hospitality industry is avoidable, so there is huge potential to address the problem. So what is to be done?
A new study co-authored by Lucia Reisch, El-Erian Professor of Behavioural Economics and Policy at Cambridge Judge Business School, finds that a message to diners about the salience of cutting food waste at a restaurant reduced the leaving of food waste by 16 percentage points compared to a control group in which 41% left food waste.
The research found no significant effect on food waste from a second message that also informed diners about portion sizes and asking them to reflect on their hunger levels, though the authors say that exploratory findings indicate that this may have resulted in the ordering of fewer dishes.
A cost-effective way to reduce restaurant food waste
Brazil seeks $6.2 billion from oil industry Brazil’s energy ministry has proposed measures to raise around 35 billion reais ($6.2 billion) from the oil industry over the next two years to help the government meet its fiscal targets.
On Monday, Mines and Energy Minister Alexandre Silveira presented measures to President Luiz Inacio Lula da Silva that include selling oil exploration licenses and a review of the reference prices used to calculate oil taxes, the ministry said in a message. If approved, it would be an alternative to a controversial increase in tax rates on some financial transactions.The ministry is pushing for the country’s oil regulator, known as the ANP, to review the reference prices used to calculate taxes paid by oil producers, including state-controlled Petrobras, before the end of July.
The oil and gas measures include a bill to authorize the federal government to sell oil production rights in areas of the pre-salt, Brazil’s most prolific offshore oil region, that haven’t been licensed yet. It would include areas near the giant Tupi, Mero and Atapu fields, and could raise 15 billion reais this year if approved by Congress.
Baker Hughes Rig Count: U.S. -3 to 563 Canada -2 to 112
U.S. Rig Count is down 3 from last week to 563 with oil rigs down 4 to 461, gas rigs up 1 to 99 and miscellaneous rigs unchanged at 3.
Canada Rig Count is down 2 from last week to 112, with oil rigs down 2 to 69, gas rigs unchanged at 43 and miscellaneous rigs unchanged at 0.
| Region | Period | Rig Count | Change |
| U.S.A | 31 May 2025 | 563 | -3 |
| Canada | 31 May 2025 | 112 | -2 |
| International | April 2025 | 891 | -8 |
Mercedes-Benz Trucks wins GUINNESS WORLD RECORDS™ title with eActros 600 Mercedes-Benz Trucks today set a new GUINNESS WORLD RECORDS title with its battery-electric long-haul eActros 600 truck including a semitrailer. Having reversed 124.7 kilometers means the manufacturer beat the previous world record in continuously reversing with a truck by around 36 kilometers. The former world record of some 89 kilometers had been set in the USA in 2020 in a diesel truck. The record-breaking trip in reverse was held on Motorsport Arena Oschersleben racetrack in Saxony-Anhalt, Germany; it took around 6 hours and 22 minutes, which translates into an average speed of 20 kilometers per hour. With its 14 tight bends designed for cars, the circuit is extremely demanding – but nevertheless offered fewer unpredictable risks of having to stop and thus interrupt the record attempt than public roads.
Independently of the world record, Mercedes-Benz Trucks intends to travel another 30 kilometers or so this evening on public roads with the eActros 600 in reverse. The finishing line is at the Daimler Truck Global Parts Center in Halberstadt, also in Saxony-Anhalt. The new location will officially open on July 10th. Starting this year, it will gradually take on worldwide deliveries of spare parts for Mercedes-Benz Trucks. Mercedes-Benz Trucks wants to use the journeys in reverse to draw attention to topics of relevance to the transportation sector and society at large: Electrification, road safety and truck driver image.
Daimler Truck, DHL and hylane form partnership for fully electric trucks Daimler Truck, logistics provider DHL Group and commercial vehicle rental provider hylane GmbH today signed a cooperation agreement in the field of fully electric trucks at the “transport logistic” trade fair in Munich. The partnership stipulates that DHL will obtain 30 electric trucks of the type Mercedes-Benz eActros 600 through hylane’s “Transport as a Service model.” This means DHL will not purchase the vehicles; instead, hylane will bill DHL based on the actual kilometers driven. The electric trucks are set to be used in the Post & Parcel Germany division for transport between parcel centers. The trucks are expected to be delivered by the end of the second quarter of 2026. For hylane, the addition of 30 eActros 600 trucks marks a targeted expansion of its existing portfolio, which has so far focused on fuel cell electric trucks. For the three partners, this also represents the largest contract for electric trucks in Germany this year.
Hyundai Motor Group showcases its future mobility vision and technology innovations at the FISITA World Mobility Conference 2025 in Barcelona, Spain Hyundai Motor Group (the Group) reaffirms its vision for the future of mobility and its leadership in technological innovation at the La Fédération Internationale des Sociétés d’Ingénieurs des Techniques de l’Automobile (FISITA) World Mobility Conference (WMC) 2025, held from June 3 to 5 at the Palau de Congressos de Catalunya in Barcelona, Spain.
FISITA, the world’s largest association of academic institutions in the automotive field, unites engineering societies from 36 countries and has cultivated a global network of approximately 210,000 automotive researchers since its establishment in 1948. Its biennial conference, FISITA WMC, convenes around 2,000 distinguished executives and engineers from the mobility industry.
As Prime Partner of FISITA WMC, the Group underscores its commitment to shaping the future of sustainable mobility by delivering a networking program, technical sessions, paper presentations, and an exhibition. Hyundai Motor Company President and CEO José Muñoz set the tone for the conference with his Principal Speech, engaging with industry leaders and engineers under the theme of Hyundai’s journey as a mobility leader.
The Group will also host a special technical session from June 4 to 5, highlighting its latest advancements and collaborative research with European partners. Key topics include methodologies and case studies on the use of software and hardware, such as driving simulators for virtual performance verification, new bushing technologies to enhance ride comfort and performance in EVs and research on ensuring chassis reliability in software-defined vehicles using prognostics and health management technologies.
Under the theme ’Clearly Committed, FCEV Technology,’ the all-new NEXO and the enhanced fuel cell system will be exhibited, reiterating Hyundai Motor Group’s leadership in hydrogen mobility and showcasing its dedication to driving innovation as a smart solutions provider across the full mobility ecosystem.
By sharing its vision and technological capabilities throughout the conference, Hyundai Motor Group aims to foster global academic collaboration in mobility research while solidifying its role as a catalyst for innovation in the automotive industry, all in line with its vision of ‘Progress for Humanity.’
Mercedes-Benz plant in Rastatt produces the new CLA Mercedes-Benz launches the next stage of automotive manufacturing with the production of the new CLA in the Rastatt plant. With the integration of artificial intelligence, the digital twin and, for the first time, the Mercedes-Benz Operating System (MB.OS) into the MO360 digital production ecosystem, the company is consistently implementing its “Digital First” approach.
Several German Mercedes-Benz sites supply the Rastatt plant, where the new electric CLA will initially roll off the production line. Electric drive units and axles come from the Stuttgart-Untertürkheim plant and bodyshell components, structural and body parts from Kuppenheim. The batteries are built in Kamenz.
In line with the Mercedes-Benz business plan, the company has invested a mid triple-digit million euros amount in the production of the new model in Rastatt. Following the gradual ramp-up, Beijing Benz Automotive Co., Ltd (BBAC) will also build the CLA, including the batteries and electric drive units, for the Chinese market. In the production network with the Hungarian Mercedes-Benz plant in Kecskemét, further models of the new vehicle family will follow after the start of CLA production. The batteries for production in Kecskemét come from the company’s own battery factory. The electric drive units for this come from the subsidiary plant in Sebes, Romania.
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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