Saudi Arabia and India Top the List of Russia’s Fuel Oil Buyers
London, August 27, 2025, (Oilandgaspress) ––– ADNOC announced today it has signed a 15-year Sales and Purchase Agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India’s largest integrated and diversified energy company, for the supply of 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) sourced primarily from ADNOC’s lower-carbon Ruwais LNG project.
The 15-year SPA converts a previous Heads of Agreement into a definitive agreement and underscores ADNOC’s expanded global footprint, particularly across the high-demand Asian LNG market, and reinforces its role as a reliable global supplier of LNG. Under the terms of the SPA, LNG cargoes can be delivered to any port across India, supporting the country’s growing energy needs and enhancing its energy security.
By 2029, IndianOil is set to become ADNOC’s largest LNG customer, with a total offtake of 2.2 mtpa – comprising 1.2 mtpa from ADNOC’s Das Island operations and 1 mtpa from the Ruwais LNG project. Read More
Octopus Energy is ramping up support for UK customers this winter. With Ofgem confirming that the October energy price cap will rise 2% – equivalent to £35 added to the average annual bill –
ONS data analysis shows that groceries and energy now take a fifth (20%) of the median household’s disposable income every year, up from 15% in 2018. Combined with prices rising higher than last Winter, now more than ever customers need to be aware of the support available to them.
Through its Octo Assist Fund, Octopus is now delivering more than £1 million in help every single month, offering tailored support such as bill credits, standing charge holidays, debt write-offs, and free energy-saving tools. Since its launch during the energy crisis, the fund has already provided over £30 million to more than 80,000 households.
In addition, Octopus is calling on customers to help spread the word about the government’s Energy Company Obligation (ECO) scheme, which offers solar panels and heat pumps to eligible households. Octopus is committing to install kit in up to 1,000 homes, entirely for free.
And even if someone isn’t an Octopus customer, they could still qualify – and Octopus will manage the entire process, from eligibility checks to installation and aftercare. Read More
At the IAA Mobility 2025 from September 8 to 14, Opel will show highly efficient electric mobility combined with emotions, top performance and future-proof driving pleasure. The Rüsselsheim-based brand will do so by presenting two stunning world premieres in the Opel Corsa GSE Vision Gran Turismo and the new Opel Mokka GSE along with the powerful Opel Grandland Electric AWD. Opel’s first all-electric model with all-wheel drive is already available to order and will make its first appearance in front of a large audience in Munich. The newcomers will be presented at the Opel press conference in Hall B3 of the IAA Summit at the Opel booth B20 on September 8 at 11:40 CEST. In the following days, the latest Opel concept car and the upcoming battery-electric production vehicles as well as the Opel Mokka GSE Rally will also attract attention at the Open Space, booth OP340, on Odeonsplatz in the middle of Munich.
Opel Corsa GSE Vision Gran Turismo: High performance in the real and digital world Read More
IndianOil will become the biggest customer of ADNOC’s LNG supplies from 2029. This follows a new deal signed by the Indian company with ADNOC for supplies totalling 1 million tonnes per annum. By 2029, IndianOil’s offtake of LNG will go up to 2.2 mtpa. Of this 2.2 mtpa, 1.2 mtpa will be from ADNOC’s Das Island operations and 1 mtpa from the Ruwais LNG project. The new 15-year SPA (sales and purchase agreement) converts a previous ‘heads of agreement’ into a definitive deal. Read More
Mitsubishi Motors is to cut its operating profit forecast for the current fiscal year by 30%. At the meeting of the Board of Directors held on August 27, 2025, Mitsubishi Motors Corporation decided to revise its consolidated financial forecasts for the period ending March 31, 2026 (April 1, 2025 to March 31, 2026) reflecting the reassessment of the impact of U.S. tariff measures and other factors,
Mitsubishi says it expects to post an operating profit of 70 billion yen ($475.12 million) for the fiscal year through next March, down from its previous estimate of 100 billion yen. The company’s shares fell 2% on the news, closing at 401.5 yen. Read More
Plastic Energy, a global leader in chemical recycling, has announced the production of its first batch of TACOIL™ at its joint venture plant with SABIC in Geleen, the Netherlands. This marks a key milestone on the road to full commercial operations.
TACOIL™ is made from hard-to-recycle post-consumer plastic waste that would otherwise be incinerated or sent to landfill. It serves as a replacement for conventional naphtha in existing petrochemical plants, enabling the manufacture of food-contact packaging, medical-grade plastics and other high-quality products. The polymers produced at the plant will significantly increase commercial volumes of circular polymers which have been used by brand owners in a variety of consumer and packaging products since 2019.
Plastic Energy’s patented TAC™ chemical recycling process breaks down mixed plastic waste using heat in an oxygen-free environment. Once fully operational, the plant will recycle 20,000 tonnes of plastic waste per year.
The technology, already proven at industrial scale at Plastic Energy’s plants in Spain, is designed to plug directly into the existing plastics value chain. Less than 30% of Europe’s 32 million tonnes of plastic waste is currently recycled.1 The SPEAR facility, which is set to be the first example of a third-party chemical recycling technology being integrated into an existing petrochemical facility, will help support and enable the EU’s goal under the Packaging and Packaging Waste Regulation (PPWR) for all packaging to be fully recyclable by 2030. Read More
GMC Canada joins Crankworx Whistler mountain biking festival. Every summer, Canada’s densely forested Coast Range becomes the global epicenter of mountain biking, during Crankworx Whistler — a celebration of adventure, performance, and culture that is one of the sport’s largest events. Launched in 2004, Crankworx this year marked its 20th edition, with 10 days of competition in mid-August, drawing over 300,000 attendees from around the world. Hosted at Whistler-Blackcomb resort, the races take place on the Whistler Mountain Bike Park.
The event featured multiple races down mountainous, rugged terrain GMC Canada this year joined as a sponsor, with a focus on demonstrating how GMC trucks are built for adventure on the road or trail. Read More
Nissan introduces world’s first valve seat using cold spray technology in new e-POWER dedicated engine
Nissan has adopted valve seats manufactured using cold spray1 technology—marking a world-first application in automotive engines.
Cold spray technology is now being applied by Nissan to its new 1.5-liter turbocharged engine, which is exclusively designed for power generation within the third-generation e-POWER hybrid powertrain.
The first vehicle globally to feature this new e-POWER system is the Qashqai compact crossover, which began production at Nissan’s state-of-the-art factory in Sunderland, UK in July.
Innovative valve seat design for groundbreaking new engine
The new 1.5-liter turbocharged engine (codename ZR15DDTe) employs Nissan’s proprietary STARC 2 concept, which elevates thermal efficiency to 42% by stabilizing in-cylinder combustion. A key element of the STARC concept is minimizing airflow turbulence from the intake port into the combustion chamber, thereby generating a strong tumble flow. Read More
More than half of the football Bundesliga clubs will be using a vehicle from the Setra or Mercedes‑Benz brands of Daimler Buses as their team bus in the upcoming 2025/2026 season – both in the 1st and 2nd Bundesliga.
Depending on the requirements of each club, the vehicles feature, among other things, leather seats with footrests and leg supports, vis‑à‑vis seating groups, height-adjustable club tables and luxury on‑board kitchens with refrigerator and fully automatic coffee machine. With modern multimedia systems, the first match analyses can begin shortly after the final whistle – all in a thoroughly relaxed atmosphere.
Comprehensive safety and driver assistance systems support the driver that players, support staff, and coaches can travel not only in comfort but also as safely and healthily as possible to the total of 36 match venues across Germany week after week.
The team buses are provided primarily by private bus companies – in some cases, for decades. Read More
U.S. President Donald Trump suggested there are limits in his campaign to thwart wind power, even as his administration moves to halt the installation of turbines in farmland and coastal waters.
“We’re not allowing any windmills to go up unless there’s a legal situation where somebody committed to it a long time ago,” Trump said Tuesday during a White House meeting with cabinet officials.
Trump’s comment underscores a potential distinction in the administration’s approach to federally permitted wind projects, with more scrutiny — and risk — heaped on ventures that have relatively recent authorizations.
Most recently, Trump ordered construction to stop on the nearly complete Orsted wind farm off the coast of Rhode Island. Trump reiterated his opposition to wind power Tuesday while scoffing at solar arrays he described as “big ugly patches of black plastic that comes from China” and are marring farmland. He didn’t elaborate on what kinds of government wind commitments would be too old to warrant changes now. Read More .
EnQuest confirms that it has, together with its joint venture partners and the Government of Indonesia, signed Production Sharing Contracts (‘PSCs’) for the Gaea and Gaea II exploration blocks, located in Papua Barat, Indonesia.
Under the PSC terms, EnQuest has a 40% participating interest in the blocks and is the PSC operator, alongside its partners, the Tangguh Joint Venture (40% participating interest, comprising BP Exploration Indonesia Limited, MI Berau B.V. (an INPEX and Mitsubishi joint venture company), CNOOC Southeast Asia Limited, ENEOS Xplora Inc., Indonesia Natural Gas Resources Muturi, Inc. (an LNG Japan Corporation), and KG Wiriagar Petroleum Ltd (a Mitsui & Co., Ltd)), and PT Agra Energi Indonesia (20% participating interest), through their respective newly established entities.
The Gaea and Gaea II blocks present a multi-Tscf unrisked resource potential for EnQuest, estimated to be in excess of 100 Tscf by the Ministry of Energy and Mineral Resources Read More
Bilfinger has secured a contract to provide inspection services using Non-Destructive Testing (NDT) across all of bp’s North Sea assets. This milestone follows the recent three-year extension of Bilfinger’s existing insulation, access, and painting (ISP) contract with bp in the UK, originally awarded in 2019. Since the inception of the initial contract with bp, Bilfinger has expanded its service provision to include tank entry and specialist cleaning. The renewed agreement ensures the continuation of over 250 jobs, with a dedicated team of 14 onshore and 241 offshore personnel, and extends until 2027.
A range of advanced technologies, including robotics and artificial intelligence, will be deployed to enhance efficiency, reduce emissions, and support bp’s commitment to sustainable operations. The contract will also introduce a fully integrated, end-to-end digital workflow, raising the bar for NDT through smart digitization and AI-ready integration. Read More
Uber Trains is likely to offer more convenient and affordable rail connections to Europe than the Eurostar.
Travellers may soon be able to reach key European cities on high-speed trains without the rush and crowds of central London’s St. Pancras International station. To rival Eurostar’s grip on cross-Channel travel, Uber has announced the upcoming launch of Uber Trains. This will allow 10 high-speed trains to offer direct connections to cities like Brussels, Paris and Lille through the Channel Tunnel, from east London’s Stratford International Station The transport giant has partnered with startup Gemini Trains for this project, which could start operating as early as 2029, pending construction and approvals. Gemini Trains has already sent its proposals to the rail regulator.
Travellers will likely be able to book train tickets on Uber’s app, which already offers cabs, bikes and Thames river cruises. . Read More
Businesses in India did not waste any time in looking for options in the UAE from the time President Trump set 25% as tariffs on Indian exports to the US – and then doubled it for the country buying oil from Russia. Those tariffs have now taken effect as of today (August 27). Now, several Indian businesses already have a presence in the UAE, ‘particularly in sectors such as textiles and garments, metals and engineering goods, chemicals, pharmaceuticals, and IT-enabled services’, said Venkatesh Santhanam, Managing Partner at MCA Gulf and former convener at IBPC Dubai and former chairman of ICAI Dubai Chapter. Read More
Oil prices continued their sharp decline on Wednesday morning as markets weighed the potential fallout of the United States imposing 50% tariffs on Indian imports. The US increased tariffs on select Indian goods to 50% on Wednesday, marking the highest tariff rate imposed on any Asian nation. The action is a direct response to India’s ongoing imports of Russian oil, despite Western sanctions targeting Moscow’s energy exports. However, despite the tariff hike, local refiners in India have shown little indication of altering their purchasing behaviour. According to Bloomberg, market observers have noted that Indian refineries have not made significant changes to their buying patterns, with most planning to maintain the bulk of their oil purchases as usual. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $63.13 | Down |
| Crude Oil (Brent) | USD/bbl | $67.08 | Down |
| Bonny Light 19/08/25 CBN | USD/bbl | $69.32 | — |
| Dubai | USD/bbl | $69.46 | — |
| Natural Gas | USD/MMBtu | $2.73 | Up |
| Murban | USD/bbl | $71.00 | Down |
| OPEC basket 26/08/25 | USD/bbl | $70.54 | Up |
At present, the global outlook for shale oil and gas production indicates a positive trend, with notable increases in production expected from top countries over the next few years, including the incumbent leader US. The growth is anticipated to be largely driven by the sustained rise in oil and gas demand from sectors such as transportation and power generation. Besides, shale oil and gas extraction has become more efficient and cost-effective, thanks to advancements in horizontal drilling and hydraulic fracturing. These methods have boosted production and somewhat lowered the break-even price for shale resources. Additionally, adopting digital technologies, including the Internet of Things and data analytics, has refined extraction by enabling precise drilling, reducing waste and enhancing safety. Although the shale boom has somewhat receded in the US, optimism around this unconventional resource remains, driven by technological advancements and significant discoveries in countries such as China, Argentina and Saudi Arabia. Read More
Russia’s fuel oil shipments went mostly to Saudi Arabia and India in July as Asia and the Middle East remain the key outlets for Moscow’s fuel oil and vacuum gasoil (VGO) amid import bans and embargoes in the West.
Russia’s oil products have been banned in the EU and other Western countries since 2023, so Moscow has redirected most of the shipments to Asia and the Middle East.
Saudi Arabia, which runs fuel oil in power plants to meet soaring air-conditioning demand in the desert summer, and India, whose refiners run fuel oil as a cheap alternative of Russia’ Urals grade, were the largest buyers of fuel oil from Russia last month, Reuters reported on Tuesday, quoting LSEG data and trade sources. Read More
Nigerian National Petroleum Company (NNPC) and several upstream gas supply firms have entered into a gas supply agreements (GSAs) with the Nigeria Liquefied Natural Gas (NLNG). The long-term agreements, which span 20 years with options for extension, are set to deliver 1.29 billion standard cubic feet per day of Feedgas to NLNG. The signing ceremony, held at the NNPC Towers in Abuja, Nigeria, saw the participation of the Sunlink Energies and Resources, Amni International Petroleum Development Company, First Exploration & Petroleum Development Company, SNEPCo, NNPC Gas Marketing, NNPC E&P, Shell Nigeria Gas Solutions, Oando Group, and Aradel Holdings. Read More
The Opel Astra Sports Tourer is a real all-rounder for work as well as for family and leisure. It shows this with its sporty, elegant design, top technologies and, above all, plenty of flexible space. According to an internal test, the Astra Sports Tourer Hybrid can cover more than 1,200 kilometres under real traffic conditions – without refuelling. . A system output of 107 kW (145 hp) and a fuel tank volume of 52 litres – these were the prerequisites that the Opel Astra Sports Tourer had for its long-distance test. Then the Opel test drivers set off on a route of about 106 kilometres, which led from Rüsselsheim via Darmstadt to Worms and back to the Opel headquarters on the left bank of the Rhine. The route, which the Astra Sports Tourer Hybrid completed 11 times over two days without refuelling in between, included a wide variety of road types. The test drivers drove on the motorway as well as on country roads and small village roads. They reached a top speed of 138 km/h, drove through villages at low speeds and had to queue up in the morning commuter and afternoon rush hour traffic as well as at construction sites – often in consumption-intensive stop-and-go mode. Thus, the test took place under everyday conditions as experienced by every driver and as they are also used as a basis for the WLTP cycle. The outside temperature during the test period averaged a pleasant 23 degrees Celsius.
The Astra Sports Tourer Hybrid Opel used was equipped with numerous extras such as an electric sliding glass sunroof – details that increase weight and thus consumption. Read More
Maserati captivated audiences across the California Peninsula during Monterey Car Week 2025, the world’s most prestigious gathering of automotive collectors and enthusiasts. With a century-long legacy rooted in Italian racing pedigree, performance, and design, the Trident brand made a commanding statement through milestone debuts, elegant displays, competition honors, and a record-breaking auction. The centerpiece of Maserati’s presence was the North American debut of the new MCPURA, unveiled in its Cielo convertible form at The Quail, A Motorsports Gathering and later displayed on the Pebble Beach Concours d’Elegance Concept Lawn. The brand further highlighted its current Nettuno-powered lineup with the GT2 Stradale, GranTurismo Trofeo, and Grecale Trofeo on view at the Pebble Beach Concours Village. Adding to the spirit of celebration, a classic 1956 Maserati 200SI Fantuzzi Open Sports Racer and 1956 Maserati A6G 2000 Allemano Coupé triumphed on the Concours competition field, while a rare Maserati MC12 Stradale achieved a historic $5.2 million sale at the Hagerty Broad Arrow Jet Center Auction. Read More
Stellantis paid $190.6 million in penalties this year for not meeting U.S. fuel economy requirements, according to a government report and the Italian-U.S. automaker. The National Highway Traffic Safety Administration said in an annual report that Stellantis paid $112.3 million in June and $78.3 million in March in payments for shortfalls from the 2019 and 2020 model years. In total, Stellantis has paid $773.5 million since 2018.. Read More
Goldman Sachs reportedly stated that it expects Brent prices to decline to the low $50s per barrel by late 2026 due to a widening of the oil surplus next year. “We expect the oil surplus to widen and average 1.8 million barrels per day in 2025 Q4 – 2026 Q4, resulting into a nearly 800 million barrels rise in global stocks by end 2026,” 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 |
Aker BP has successfully completed the Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area. The recoverable volume is estimated at 96–134 million barrels of oil equivalent (mmboe).The campaign had five exploration targets – Omega, Alfa, Alfa South, Sigma NE, and Pi – through a multilateral well located west of Yggdrasil. In July, Aker BP preliminarily reported a discovery of 20–40 mmboe from two of these targets. Following the completion of the campaign, the combined recoverable volumes have increased to 96–134 mmboe.
Drilling operations began in early May using the Deepsea Stavanger rig. Over a three-month period, the team drilled a total of 45,000 metres, including 40,000 metres in reservoir sections. This included the three longest well branches ever drilled on the Norwegian continental shelf, with the longest branch reaching 10,666 metres. Read More
Armstrong Fluid Technologies has introduced Armstrong Industrial, a new division dedicated to delivering its full suite of sustainable pumping solutions across diverse sectors including primary resources such as mining, textiles, manufacturing, and energy. This division consolidates two of the company’s entities: Armstrong Gas Transmission Systems and RMI Pressure Systems.
Joe Keenan, global managing director of industrial fluid flow solutions at Armstrong, explained: “Armstrong Industrial gives us clear market sector focus that streamlines how we make our fluid flow solutions available to customers. Customers benefit from our decades of innovation, including built-in intelligence on many products, as we apply our technologies in existing and evolving industrial sectors through our customer-centric approach.”
Michael Cline has been appointed general manager of Armstrong Industrial, which consists of two specialized teams focusing on fluid and gas applications, respectively. The fluid team serves sectors such as metals foundries, non-metals manufacturing, glass, pulp and paper, food processing, and mining. The gas team concentrates on oil and gas, as well as energy and utilities.
Cline stated: “Armstrong Industrial is about sustainable efficiencies—using demand-based control and digital optimization to boost performance and value. Our high-pressure pumps, along with specialized services and intelligent controls, will improve operational transparency, reduce energy costs, and cut carbon emissions. We also help conserve water in various applications.”
He highlights Armstrong’s innovative pump solutions, such as its patented Parallel Sensorless Pump Control (PSPC), which enhances multi-pump efficiency by up to 30%. Unlike traditional systems, which operate based on motor speed, PSPC optimizes load sharing based on efficiency, significantly improving overall system performance. 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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