London, July 08, 2025 (Oilandgaspress) –- bp has signed a Memorandum of Understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate redevelopment opportunities in the mature giant Sarir and Messla oilfields in Libya’s Sirte basin, including the exploration potential of adjacent areas, and to understand the wider unconventional oil and gas potential within the country.
The agreement provides a framework for bp to assess a range of technical data and to effectively work with NOC to evaluate presented opportunities and determine the feasibility of future development and exploration programmes.. Read More
Chevron Prepares to Close Hess Acquisition Chevron is preparing for a quick finalization of the Hess Crop. Acquisition, even as the two still await the decision of the arbitration court on Exxon’s right to first refusal on Hess’s stake in the Stabroek Block in Guyana.
Reuters reported the news, citing unnamed sources and “an industry analyst”, who said that Chevron was even working on severance packages for some Hess employees who would be let go after the tie-up.
Yet for that to happen, the International Chamber of Commerce needs to rule in Chevron’s favor. The dispute that the ICC ruled on earlier this month but has yet to make its decision public, concerns the Guyanese operations of Exxon, in which Hess Corp. is a minority partner with 30%. It is this 30 stake that Chevron is especially interested in, but, it turns out, so is Exxon.
Tata Motors commences production of the all new Harrier.ev Tata Motors, the leader of India’s electric vehicle revolution and the nation’s leading SUV manufacturer, commenced production of the Harrier.ev – India’s most powerful, most capable, and most intelligent SUV to date. The Harrier.ev made a striking debut.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $67.75 | Up |
| Crude Oil (Brent) | USD/bbl | $68.50 | Up |
| Bonny Light 07/07/25 CBN | USD/bbl | $72.68 | Up |
| Dubai | USD/bbl | $69.53 | — |
| Natural Gas | USD/MMBtu | $3.39 | Up |
| Murban | USD/bbl | $71.00 | Up |
| OPEC basket 07/07/25 | USD/bbl | $69.92 | Up |
non-executive director appointment at BP BP p.l.c. announced the appointment to its board of Simon Henry as a non-executive director with effect from 1 September 2025.
Helge Lund, chair of bp, said: “I am delighted to welcome Simon to bp. The board will benefit from his deep and broad experience of the global upstream and downstream energy industry and his financial and commercial understanding of global markets, together with his extensive and varied board experience.”
Simon has wide-ranging expertise and experience in global finance, strategy, governance and management, gained across the energy industry internationally. In a career of 35 years with Shell, he held senior finance and management roles internationally and was chief financial officer and a member of the board from 2009 until 2017.
Simon is currently a non-executive director of Rio Tinto plc and Rio Tinto Limited. Rio Tinto announced in February that he will step down from those roles in the second half of 2025. Harbour Energy plc announced earlier today that Simon will step down from its board with immediate effect. Within the past five years, Simon resigned as a director from Lloyds Banking Group plc and PetroChina Ltd in September 2020 and May 2022, respectively. There are no additional matters that require disclosure under 6.4.8R of the UK Listing Rules.
bp also announced today that Pamela Daley, non-executive director, will step down from the bp board for personal reasons with effect from 7 July 2025.
Helge Lund added: “On behalf of the board, I would like to thank Pam for her outstanding service over the past seven years.”
Wattlab and HGK Shipping team up for world’s first hybrid solar-powered inland shipping vessel Dutch maritime solar innovator Wattlab has delivered a solar energy system for HGK Shipping’s inland shipping cargo vessel Blue Marlin. Representing a major technical milestone and step forward for sustainable inland shipping, the vessel’s 192 solar panels will provide power to both the onboard and propulsion systems, making the Blue Marlin the first inland shipping vessel in the world capable of hybrid sailing with solar power.
HGK Shipping is a European inland waterway shipping company operating a fleet of 350 vessels. With annual freight figures in the region of 43 million tonnes, HGK Shipping is considered to be a leading player in European dry bulk, gas and chemical transport. Wattlab, which is also active in the seagoing shipping industry, brings broad maritime experience to this pioneering project.
Wattlab has worked previously with HGK Shipping. In Q2 2024, HGK’s 135-metre long dry cargo vessel MS Helios made headlines – and entered The Guinness Book of Records – for having the world’s largest solar panel installation on an inland shipping vessel. The MS Helios is equipped with 312 solar panels.
Fully integrated system
The solar energy systems of the Helios and the Blue Marlin differ in one critical aspect. Unlike the Helios, where solar energy was used exclusively for low-voltage onboard (hotel) systems, the Blue Marlin features a more advanced, fully integrated system capable of contributing power directly to the ship’s high voltage electric propulsion.
This, says Wattlab co-founder and COO David Kester, is a technical milestone. “The Blue Marlin’s 192 solar panels are not only connected to the low-voltage onboard systems but also to the high-voltage propulsion network. This means that HGK Shipping can proudly state that they are the first inland shipping company to operate a vessel that uses solar power directly for propulsion.”
Automated energy management
Delivering up to 35 kilowatts under optimal conditions, the Blue Marlin’s solar power system will operate in conjunction with four diesel generators powering the electric propulsion system. This fully integrated setup enables ‘peak shaving’, where the combination of solar energy and batteries will prevent the need for activating an additional generator during high-demand periods. The system’s automated energy management will distribute electrical energy where and when it is required, increasing efficiency and reducing fuel consumption.
“Furthermore, in situations where the ship is lightly loaded and travelling downstream, we anticipate that it may even sail using only solar power for limited periods—an unprecedented achievement in the inland shipping sector,” continues Kester.
Abdelmadjid Tebboune meets Eni CEO Claudio Descalzi The President of the Republic of Algeria Abdelmadjid Tebboune has met Eni CEO Claudio Descalzi in Algiers today to discuss the company’s activities in the country, including gas production and export, ongoing and future investments, and energy transition initiatives. The Minister of State and Minister of Energy, Mines and Renewables Energies Mohamed Arkab, the CEO of Sonatrach Rachid Hachichi, and the CEO of Sonelgaz Mourad Adjal also participated in the meeting.
The visit offered the opportunity for Eni and its partner SONATRACH to sign a new hydrocarbons contract for the Zemoul El Kbarunder area, in the framework of the Law no. 19-13 governing hydrocarbons activities. The contract, with a duration of 30 years, covers a development and exploration area of about 4200 sq Km located approximately 300 km southeast of Hassi Messaoud, also includes neighbouring assets previously under separate contracts.
With this renewed framework, Eni and SONATRACH are further enhancing the value of the asset through a plan encompassing exploration and development operations, leveraging innovative technologies to optimize recovery rates and existing nearby facilities.
This new agreement follows the recent award, in the context of 2024 Algeria Bid Round, of the Reggane II block to Eni in partnership with PTTEP.
Renault, announces the official launch of its next-generation motorhome range.
Beginning in summer 2025, Ahorn Camp will be the first brand to offer its entire product line exclusively built on the all-new Renault Master and produced in large-scale series by the Erwin Hymer Group, a pioneer in motorhome manufacturing. The vehicles are sold through own Ahorn Camp branches and a robust Europe-wide network of Renault Pro+ dealers.
A New Benchmark in Motorhome Travel – Powered by a unique cooperation
Ahorn Camps’ brand new motorhome range combines the best qualities in the market: Renault’s efficiency, stability and safety form the trusted foundation. Erwin Hymer Group’s expertise in quality and production for motorhomes ensures the highest manufacturing standards.
Ahorn Camp’s design philosophy focuses on customer needs, offering value-driven innovation, modern aesthetics, and a seamless user experience — supported by a unique, customer-oriented dealer and service network across Europe.
Thanks to innovations from Master, the latest Ahorn Camp models offer a holistic travel experience that sets new standards in the motorhome industry, featuring:
Best-in-class fuel efficiency and low emissions thanks to the new Master’s Aerovan design and multi-energy platform make it the most efficient vehicle in its class. Ahorn Camp Motorhomes rely on the efficient Blue dCi diesel engines (130 to 170 bhp).
Baker Hughes Rig Count: : International +27 to 913, U.S. -8 to 539 Canada +11 to 151
U.S. Rig Count is down 8 from last week to 539 with oil rigs down 7 to 425, gas rigs down 1 to 108 and miscellaneous rigs unchanged at 6.
Canada Rig Count is up 11 from last week to 151, with oil rigs up 8 to 102, gas rigs up 3 to 49 and miscellaneous rigs unchanged at 0.
International Rig Count is up 27 from last month to 913 with land rigs up 31 to 730, offshore rigs down 4 to 183.
The Worldwide Rig Count for June was 1,600, up 24 from the 1,576 counted in May 2025, and down 107, from the 1,707 counted in June 2024.
| Region | Period | Rig Count | Change |
| U.S.A | July 04, 2025 | 539 | -8 |
| Canada | July 04, 2025 | 151 | +11 |
| International | June 2025 | 913 | +27 |
| Baker Hughes |
Best U.S.-Built Sports Vehicle of the Year Hyundai’s IONIQ 5 XRT has been named the Best U.S.- Built Sports Vehicle of the Year by American Cars And Racing (ACAR). The publication’s awards honor the best new or significantly updated 2025-model-year vehicles assembled in the U.S. The American Cars And Racing’s editorial team determined the winning vehicles by assessing their innovation, appeal, value, and overall excellence. The awards were given out in five categories: Car, Truck, SUV, Luxury Vehicle, and Sports Vehicle.
“The IONIQ 5 XRT is designed to appeal to customers who want to play in the dirt and have all-electric adventures,” said Ricky Lao, director of product planning at Hyundai Motor North America. “The Hyundai Motor Group Metaplant America (HMGMA) factory-built 2025 IONIQ 5 XRT offers enhanced off-road capability and a more rugged appearance for this Hyundai EV. We are pleased to receive the Best U.S. Built Sports Vehicle recognition.”
Hyundai IONIQ 5 Completes Epic EV Road Trip to the Arctic Ocean IONIQ 5 owner Patrick Nadeau has reached the destination of his epic EV journey to the Arctic Circle. He reached the hamlet of Tuktoyaktuk, N.W.T., on June 10th, before heading back to Hyundai Canada’s headquarters in Markham, Ontario.
Having departed Hyundai Canada’s head office on April 24th, Mr. Nadeau navigated through five provinces and two territories, proving that long-distance electric travel is not only feasible but also a practical and sustainable option for Canadians. The 100 percent electric, multiple award-winning IONIQ 5 performed flawlessly, showcasing Hyundai EVs’ ability to overcome the unique challenges of Canada’s vast and rugged terrain, including unpredictable road conditions and limited charging infrastructure in remote areas.
“Hyundai is fully committed to an all-electric future, and we are proud to offer Canada’s most awarded EV lineup,” said Steve Flamand, president and CEO of Hyundai Auto Canada. “Our recent ranking as the number one brand for EV consideration in Canada in the latest J.D. Power report is a testament to this commitment. As a leader in electrification, we believe it’s our responsibility to educate our customers about EVs through various initiatives. This road trip to the Arctic Ocean further demonstrates that Hyundai electric vehicles are built for Canada’s tough conditions.”
China-led intl standard for autonomous driving test scenarios released An international standard on test scenarios for autonomous driving systems has been officially released, the Ministry of Industry and Information Technology of China said on Monday. The standard, led by China during its formulation, outlines the evaluation procedures and test methods for the test scenarios of autonomous driving systems.
The issuance of the standard represents an important international consensus on autonomous driving test and verification technologies, addressing growing industry demands for safety assessment and test verification, according to an official with the ministry.
The ministry will cooperate with Chinese institutions in the automotive industry including technology research center to further contribute to the formulation and revision of international standards in the field.
China is at the forefront of autonomous driving development. Global consulting firm McKinsey & Company has forecast that China will become the world’s largest market for self-driving vehicles, with revenue from such vehicles and mobility services exceeding $500 billion by 2030.
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
OilandGasPress.com is a website that provides news, updates, and information related to the oil and gas industry. It covers a wide range of topics, including exploration, production, refining, transportation, distribution, and automotive market trends within the global energy sector. Visitors to the site can find articles, press releases, reports, and other resources relevant to professionals and enthusiasts interested in the energy, oil and gas industry.
Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases
“Stay informed with Oilandgaspress.com—your independent source for global energy, oil, gas, EV, and automotive industry news and analysis.”
Submit your Releases or contact us now!, victor@oilandgaspress
Follow us: on Twitter | Instagram
Your Daily Source for Oil, Gas, Renewables & EV Market Insights :
latest oil and gas updates
energy news today
