London, August 29, 2025, (Oilandgaspress) –––Philippines , Aramco ,Asia acquisition ,Unioil, The country’s competition regulator has approved the proposed acquisition by Aramco Asia Singapore Pte. Ltd. of a 25% stake in Unioil Petroleum Philippines, Inc. and Unioil Energy Pte. Ltd., according to an official statement released by the agency. . Read More
Hyundai CRADLE, Hyundai Motor Group’s global open innovation hub, is entering a partnership with UNCAGED Innovations, the world’s leading biomaterials company to create sustainable, animal-free leather for automotive interiors using grain byproducts.
This collaboration reinforces the Group’s leadership in material innovation and environmental responsibility, showcasing its commitment to pioneering scalable, next-generation materials to shape the future of sustainable mobility. The partnership focuses on co-developing high-performance, bio-based leather alternatives that replace traditional leather materials. The result is a breakthrough material that reduces resource consumption on multiple fronts, using 95 percent fewer greenhouse gas emissions, 89 percent less water and 71 percent less energy compared to animal-based leather — without compromising on texture, durability or luxurious quality. Read More
Hyundai Motor Group (the Group) demonstrated its global hydrogen leadership at the 16th Clean Energy Ministerial (CEM16), reinforcing the Group’s commitment to advancing hydrogen innovation on an international stage. During CEM16, the Group actively participated in two high-level dialogues, sharing perspectives on industrial decarbonization, energy efficiency and the role of hydrogen as a future energy source. By engaging with global leaders, including ministerial delegations from member countries and key representatives from international organizations, the Group showcased its expanding hydrogen business and encouraged meaningful policy and industry collaboration.
Launched in 2010, the CEM is a high-level ministerial forum dedicated to accelerating clean energy policy and deployment. The forum comprises 29 member countries—including Korea, the United States, China, Japan and Brazil— and 21 participating countries such as Switzerland, Egypt, and Türkiye, along with delegations from leading international organizations such as the International Energy Agency (IEA), United Nations Industrial Development Organization (UNIDO), and the World Bank. This year’s CEM16 and APEC Energy Ministerial Meeting were co-hosted by Korea and Brazil in Busan. Ken Ramirez, Head of Energy & Hydrogen Business Division at Hyundai Motor Group, presented the Group’s comprehensive hydrogen business strategy, emphasizing the need for public-private collaboration to accelerate the energy transition. Read More
.Saab announces the divestment of Saab TransponderTech AB to Teledyne Technologies Inc.’s Swedish subsidiary, FLIR Systems AB. Completion of the divestment is subject to certain conditions that are expected to be fulfilled by the end of Q4 2025.
TransponderTech is a leader in Safety Of Life At Sea (SOLAS)-certified communications and navigation solutions for commercial maritime, military, and airborne applications. The divestment is in line with Saab’s strategy to increase its focus on core areas of its business and, upon closing, Saab will divest 100 percent of its shares in Saab TransponderTech AB.
“Transpondertech is an outstanding and innovative company, and we are proud of its achievements. As we strategically focus on expanding within the military segments, we believe that TransponderTech will find even greater opportunities for growth and success within Teledyne Technologies. This decision aligns with our strategic goals and is intended to provide TransponderTech with the best possible conditions to move forward,” says Carl-Johan Bergholm, head of Saab’s business area Surveillance. Read More
Russia has extended its gasoline export ban until the end of October, as fuel shortages and soaring prices grip parts of the country. The move comes amid repeated Ukrainian drone strikes on refineries, which have disrupted production and strained supplies.
The Russian government announced Wednesday that the temporary ban on gasoline exports—first imposed in late July—will now run until October 31. Officials say the measure is aimed at stabilizing domestic prices, which have surged to record highs in recent weeks. The shortages have hit hardest in Russia’s Far East and Crimea, where some gas stations ran dry, rationed fuel, or sold only to select customers. In the Primorye region, prices spiked to nearly $10 a gallon on secondary markets, far beyond the reach of many households. Read More
BMW Group achieves breakthrough to use natural fibre composites in series production.
How natural fibres are making their way from the race track into series production – and helping reduce CO2e emissions from vehicles even further in the future. Renewable materials have already been used in motorsport at the BMW Group, but now natural fibre composites are making their way into series vehicles too. After many years of intensive research and development work, #naturalfibrecomposites have now reached series maturity at the BMW Group. Renewable raw materials were first used to make innovative reinforcements in 2019, when BMW M Motorsport introduced them in its Formula E cars. But natural fibre composites are now set to be used in future series production as well. Developed to maturity, natural fibre composites even meet the rigorous requirements for roof structures in overall vehicle homologation.
Lightweight engineering has been a key focus of development work for many years at the BMW Group, and the integration of lower-CO2e natural fibres into composites has gradually gained traction. Tests show that these kinds of materials are best-suited for visible exterior and interior components. The BMW Group’s collaboration with the Swiss clean tech company Bcomp aims to reduce CO2e emissions from cars even further in the future. Read More
The new BMW iX3 underscores the BMW Group’s holistic approach to enhancing product sustainability across the entire life cycle.
In product development, a wide range of measures were implemented throughout the supply chain, production and vehicle use phase with the clear aim of saving resources and reducing the model’s environmental footprint. Extensive decarbonisation measures in the supply chain mean break-even is now achieved sooner: when charged with electricity from the European energy mix, the CO2e footprint of the new BMW iX3 50 xDrive is lower than that of a comparable model with a combustion engine after about 21,500 kilometres (WLTP combined). When charged exclusively with electricity from renewable sources, the BMW iX3 50 xDrive beats a comparable combustion-engine model after only 17,500 kilometres (WLTP combined), allowing customers to potentially achieve CO2e benefits in as little as one year. The BMW iX3 was developed systematically according to the principle of Design for Circularity. It consists of about one-third secondary materials. The fabric, adhesive and fleece in the Econeer seat covers in the Essential interior trim package, for example, are made of PET. But there are also other components that contain secondary materials, such as the wheel carriers and swivel bearings, which are 80 percent secondary aluminium, and the cast aluminium wheels at 70 percent. The raw material for the engine compartment cover and the storage compartment under the front hatch consists of 30 percent maritime plastics from old fishing nets and ropes. BMW Group produces the BMW iX3 at its new plant in Debrecen, Hungary. Read More
Octopus Energy’s electric vehicle (EV) charging platform, Electroverse, has teamed up with Visa, a world leader in digital payments, to launch Electroverse’s brand-new ‘Business Payments Card’, making it easier for fleets to pay, track and save on the move. Powered by Visa Fleet 2.0 and available for fleets in the UK for the very first time, Electroverse is the first business to bring this next-generation payment card to market.
For fleets, juggling different charging cards, apps and payment options has long been a headache, slowing down fleet electrification and leaving drivers and fleet managers tangled in admin. With the ‘Business Payments Card’, Octopus Electroverse and Visa make it easier to keep track of fleet expenses. The Business Payments Card works as both a traditional fleet card and a full spending card, allowing drivers to cover everything on the road – from EV charging to tolls, car washes, and meals.
Fleet managers can set spending limits, choose where budgets can be used, and adjust settings at any time, with easy expense uploads and built-in fraud protection keeping budgets secure. Every journey, purchase, and receipt lives in one sleek dashboard. Fleet managers get instant insights into driver behaviours, VAT breakdowns, driver IDs, and charging patterns without the need to chase down paperwork.
The new ‘Business Payments Card’ is the latest addition to Electroverse’s growing suite of ‘Octopus Fleet’ solutions, designed to support businesses in their shift to electric transport. Read More
Drax is being investigated by Britain’s financial watchdog about where it gets the wood from that it burns to create electricity. It follows accusations by a former Drax insider in March that the company had misled over its sourcing of wood for biomass pellets. The London-listed company denied those claims. It said it would “co-operate with the FCA as part of their investigation” on Thursday.
Drax, which used to burn coal at its Yorkshire power station, now receives multimillion-pound subsidies from energy bill-payers to burn woody biomass pellets. The UK government supported this switch as a way to clean up power supplies, and classed the resulting bioenergy as renewable.
But that status and the enormous subsidies have been disputed by campaigners and some scientists who fear bioenergy is less green than thought, based on its impact on forests and the years needed for its emissions to be offset. Read More .
India’s crude imports are projected to fall by 0.3mbd m-o-m to 4.3mbd in August. Based on 9-year seasonal trends, arrivals of crude into India are typically the lowest in August. Domestic demand for gasoline and diesel used in road transport and agriculture decreases amid the monsoon season which begins in June and peaks in July-August. As such, most refineries conduct planned maintenance and reduce crude throughput during this period.
The reason behind this year’s decline is different. India’s lower crude imports this month were mainly due to the decrease in flows into Nayara Energy’s refinery. Analysing crude arrivals into India by port, it is evident that the major decline in arrivals occurred at Vadinar, where Nayara Energy’s refinery oil terminals are located. In fact, crude imports into Vadinar have fallen steadily for two consecutive months since July. Read More
.Abu Qir Fertilizers and Chemical Industries posted a 31% decline in its net profit for the fiscal year ending in June 2025 compared to the previous year to settle at EGP 9.34 million, according to a statement sent by the company to the Egyptian stock exchange. Abu Qir Fertilizers and Chemical Industries is one of the major producers of nitrogenous fertilizer in the Middle East and the world. It is also the largest producer of Nitrogen fertilizers in Egypt, exporting different kinds of fertilizers to 40 markets.
The company’s unaudited results included an amendment in the classification of expenses accrued due to the temporary closure of the company’s facilities. While the statement didn’t mention the reasons for the shutdown, it is most probably related to the period when the government stopped natural gas supplies to fertiliser factories due to a shortage in gas imports.
The company’s total sales for the year ending June 30 were EGP 22.91 billion, marking a 24% increase over the previous fiscal year. The company also generated about EGP 3 billion in cash flows from operating activities, compared to EGP 1 billion during the same period last year. Read More
Eight Just Stop Oil supporters were found not guilty of public nuisance at Guildford Crown Court , after peacefully disrupting the UK’s largest petrol station, to demand an end to new fossil fuel projects, while three found guilty for disabling petrol pumps. Read More
Tata Motors launches the all-new 9-seater Tata Winger Plus,
The Winger Plus offers passengers a more comfortable, spacious and connected travel experience, while enabling fleet owners to achieve higher efficiency and profitability with lower total cost of ownership. Priced at Rs. 20.60 lakh (ex-showroom, New Delhi), it brings together the combination of design, features and technology to set new benchmarks in the segment.
The Winger Plus comes with segment-leading features like reclining captain seats with adjustable armrests, personal USB charging points, individual AC vents and ample leg space. The wide cabin and large luggage compartment further enhance comfort on long journeys. Built on a monocoque chassis, the vehicle offers robust safety and stability, while its car-like ride and handling ensures ease of driving and reduces fatigue for drivers. Powering the new Winger Plus is the proven and fuel-efficient 2.2L Dicor diesel engine, delivering 100hp of power and 200Nm of torque. This premium van is also equipped with Tata Motors’ Fleet Edge connected vehicle platform, enabling real-time vehicle tracking, diagnostics and fleet optimisation for improved business management. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $64.34 | Up |
| Crude Oil (Brent) | USD/bbl | $68.14 | Up |
| Bonny Light 27/08/25 CBN | USD/bbl | $69.44 | Up |
| Dubai | USD/bbl | $69.38 | Down |
| Natural Gas | USD/MMBtu | $2.97 | Up |
| Murban | USD/bbl | $71.46 | Down |
| OPEC basket 28/08/25 | USD/bbl | $69.65 | Down |
Daimler Truck Switzerland recently celebrated a milestone in electric mobility in Brunnen, Switzerland, along with twenty transport companies: the symbolic handover of the first Mercedes-Benz eActros 600 vehicles – a strong sign of change in Swiss long-distance transport. The vehicles, which customers had already decided to purchase as first-time buyers last year, were delivered in recent weeks.
Jürg Lüthi, CEO of Daimler Truck Switzerland AG, emphasizes: “It quickly became clear to us that this truck is also of great importance for the Swiss market. It was important to us to convince our customers of this vehicle concept at an early stage. We are convinced that the eActros 600 will be a great success in Switzerland and that it is a real game changer for the future of CO₂-neutral transport.”
Around 80 invited representatives of the transport industry celebrated this milestone in front of the impressive mountain backdrop at Lake Lucerne. With this event, Daimler Truck Switzerland AG and its sales partners thanked their customers for the trust they have placed in them. Read More
The Targa roll bar’s story is based on technological foresight, stylistic innovation, and a courageous solution to new challenges in car manufacturing. Even during development of the Porsche 901 – later the 911 – it was already clear that there should be an open-top version to complement the Coupé. Representatives of Porsche, Karosseriewerk Reutter, and Karmann got together in 1962 to discuss the different approaches. There were three variants up for debate: a classic soft top, a roadster version with a reduced frame, and a convertible with a fixed roll bar.
Targa roll bar from an original 911 Targa, 2025, Porsche AG
Targa roll bar
It was ultimately the third variant that proved to be the most convincing technologically. Even if the project was initially shelved due to limited capacity, the basic idea had been born. When more stringent regulations for open-top vehicles emerged in the US in the mid-1960s, Porsche was able to respond with a solution it had tucked away in a drawer: a safety convertible with fixed roll bar. The 911 Targa made its debut at the IAA in Frankfurt am Main in 1965 and the 912 Targa became available from the 1967 model year. The first 911 Targa made its debut 60 years ago. Since then, the Targa roll bar has become an iconic component in Porsche history. Read More
Porsche is equipping the all-electric Macan with new assistance systems and digital features for the new model year. The focus is on increased convenience when parking, charging and towing, new entertainment functions and even smarter operation via app or voice input. Porsche is expanding the range of intelligent driver assistance systems and digital functions offered in the all-electric Macan. The main focus has been on innovations that take the user experience for the driver and passengers to a new level. The Surround View assistance system including Active Parking Support, for example, has been further developed and is optionally available with new functions such as Trained Parking and Reversing Assist. In addition to this is the Porsche Digital Key, which can be used on iPhone, Apple Watch, and compatible Android™ devices, and the expanded App Center with new entertainment possibilities. The Porsche Charging Planner has also been enhanced, enabling charging stations and providers to be prioritised or avoided in a more targeted manner. And finally, practicality has been further enhanced through an increase in maximum towing capacity.
“Aris” is part of the ongoing digitalization strategy at the van plant in Düsseldorf. In the future, autonomous robotic systems will be used for predictive maintenance and logistics, with the aim of providing employees with the best possible support in their daily tasks and thus creating further efficiencies. In addition to the robo-dog, an autonomous drone is also being implemented to take over the counting of empty containers on the plant premises and thus relieve employees of time-consuming routine tasks. The special feature: Both robotic systems can be integrated into higher-level cloud applications, which enable interaction with each other and, in the future, also with other robots – even across different plants. Mercedes-Benz Vans is thus taking the next step towards a digital future and fully exploiting the potential of digital transformation. Read More
Mercedes-Benz .CONCEPT AMG GT XX captured global attention when it covered 40,075 kilometers on the legendary Nardò test track in less than eight days – setting a total of 25 long-distance records with an impressive margin during this journey “around the world in eight days”. Under extreme test conditions, the technology pioneer demonstrated its superior endurance, continuing Mercedes‑AMG’s long tradition of record-breaking achievements. The performance brand from Affalterbach pushed the limits with two vehicles sprinting lap after lap, breaking record after record, at a running speed of 300 km/h – for 7 days, 13 hours, 24 minutes and 07 seconds.
Among the records is the one for the longest distance ever covered by an electric vehicle in 24 hours. But in this extreme endurance test, the previous benchmark wasn’t just broken once – it was shattered fourteen times: Mercedes-AMG fielded two CONCEPT AMG GT XX in the Nardò challenge. Both vehicles exceeded the previous record in every single 24-hour window by an overwhelming margin. Read More
Saab has signed a contract with the Swedish Defence Materiel Administration (FMV) for a larger uncrewed underwater vehicle. The order value amounts to SEK 60 million. The goal of the project, led by FMV, is to develop a concept for a larger uncrewed underwater vehicle, known as a Large Uncrewed Undersea Vehicle (LUUV). Saab is the prime contractor for the LUUV and will be responsible for the design, construction, and testing of the vehicle.
Saab’s autonomous control system, Autonomous Ocean Core, which provides autonomous capabilities for vessels on and below the water surface, will be integrated into the vehicle’s systems. The first sea trials are planned for the summer of 2026. “It is gratifying that together with FMV and the Swedish Armed Forces, we have the opportunity to work quickly and together to develop a new advanced system in a short time. At Saab we get to demonstrate our ability to deliver systems that are both effective and adapted to current and future challenges. The project makes it possible to create innovative solutions that can bring significant progress in underwater technology and fit well with Saab’s already ongoing development work in autonomy,” said Mats Wicksell, head of Saab’s business area Kockums. The need to monitor and map the seabed infrastructure and to detect and deter threats beneath the surface is significant. The LUUV will be a sensor platform developed to have various capabilities. It will serve as a decision support tool for operators and will not be designed to carry weapons in the first phase. Read More
Global butane prices are exhibiting strength relative to their regional propane counterparts, atypical for this time of year when the lighter feedstock tends to hold a premium. Part of this could be attributed to current strength in the gasoline complex as global cracks are near their highest levels in months and above year-ago levels ahead of the switch to the winter gasoline blend in the Atlantic Basin, which uses butane as its primary blendstock. However, Vortexa data shows a surge of incoming butane supply to key consuming markets that could cap butane’s strength in the coming weeks. Global butane exports are coming in at a record high of 1.95mbd (+0.21mbd y-o-y) even after August butane arrivals charted a similar high-water mark of 1.92mbd (+0.27mbd y-o-y).
The export push is primarily being led by the Middle East (mainly UAE and Saudi Arabia) and the Med. Interestingly, the US is seeing a m-o-m decline in butane exports (-88kbd) despite recent export capacity additions.
China is the primary offtaker of these butane supplies as the country continues its efforts to further diversify its LPG supply sources, lessening its reliance on the US amid ongoing trade tensions that have yet to be resolved. In the Med, Turkey and Italy are likely calling on barrels for autogas needs, ahead of the official end of summer in late September. . Read More
John Crane, a global leader in rotating equipment solutions, and a business of Smiths Group plc, is proud to support one of the UK’s most significant carbon capture and storage (CCS) initiatives with the supply of advanced dry gas sealing technology for high-performance CO₂ compression.
As part of the project scope, John Crane is delivering six Type 28XP Dry Gas Seals for use in centrifugal compressors at a new CO₂ compression facility located in North Wales. These compressors are a key part of the infrastructure required to transport and permanently store carbon dioxide captured from industrial plants across the North West of England and North Wales.
The CCS facility will serve as a critical enabler of the UK’s energy transition, acting as a central hub for CO₂ transportation and storage under the seabed in depleted offshore fields. With the project recently reaching financial close, it marks a major step forward in delivering low-carbon infrastructure to support industrial decarbonisation.
John Crane’s Type 28XP Dry Gas Seals are engineered for the rigorous demands of CO₂ and supercritical CO₂ applications, offering outstanding reliability, emissions reduction, and minimal maintenance requirements. Their proven performance in harsh operating environments made them the sealing solution of choice for this high-impact CCS initiative.
“This project reinforces John Crane’s commitment to advancing the energy transition through reliable engineering,” said Philippe Lambert, Vice President, Sales and Aftermarket. “We’re honoured to support this landmark development with our proven sealing technologies, helping to accelerate industrial decarbonisation in the UK and beyond.”
John Crane brings decades of experience in sealing technologies for CO₂ and sCO₂ compression, making it a trusted partner in complex, mission-critical applications. The company continues to play a central role in the deployment of CCS infrastructure globally helping industry reduce emissions while improving operational performance. Read More
Reliance Industries Limited announced a joint venture that will build and scale enterprise artificial‑intelligence (“AI”) solutions for enterprises in India and select international markets. Under the JV agreement, RIL and Meta have jointly committed to an initial investment of ~INR 855 crore (~US$ 100 million) to capitalize the JV in ratio of 70% and 30% respectively. Powered by Meta’s advanced open‑source Llama models, the JV will offer: • Enterprise AI Platform‑as‑a‑Service: A secure, full‑stack environment for organisations to customise, deploy and govern generative‑AI models for specific use cases across sales and
marketing, information technology development and operations, customer service, finance,and a wide range of other enterprise workflows; and • A suite of pre‑configured AI solutions designed to address both cross‑functional and industry‑specific use cases
This partnership combines Meta’s open‑source Llama models with RIL’s digital backbone to deliver enterprise‑grade AI at affordable price points for Indian enterprises and SMBs. The JV will be able to deploy AI solutions at-scale given “Enterprise Grade” readiness of Llama – which has been proven across several production environments. More importantly, the JV will be able to scale high-performance models at a fraction of the cost given Llama’s lower total cost of ownership. The JV will also have greater flexibility to deploy over cloud, on-premises, and across its own infrastructure. This will allow the JV to proactively manage infrastructure costs. The closing of the transaction is subject to customary regulatory approvals and is expected to close in the fourth quarter of 2025. Read More
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole , victor@oilandgaspress
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