London, March 10, 2025 (Oilandgaspress) –-BP boss Murray Auchincloss has defended the company’s move to increase fossil fuel production and ditch its renewable energy commitments. Auchincloss is under mounting pressure from BP investors, who are frustrated at the oil major’s underperforming share price. The executive unveiled plans for a “fundamental reset” two weeks ago, which included ditching a series of green energy targets set out five years ago. Writing in the Times, he said “unravelling” the pledges had been well received by investors.. Read More
Jean-Antoine Bergue appointed Chief Financial Officer of Alpine
As of today, 2025, Jean-Antoine Bergue is Chief Financial Officer of the Alpine brand.
He replaces Duncan Minto, who becomes Chief Financial Officer of Renault Group, on the same date.
Jean-Antoine Bergue joins the Alpine Management Committee and report directly to Philippe Krief, Alpine CEO and Chief Technology Officer of Renault Group, and Duncan Minto. . Read More
Hyundai Motor Company announced that the all-new Hyundai SANTA FE has been named the ‘Supreme Winner’ at the 2025 Women’s Worldwide Car of the Year (WWCOTY) Awards. The globally recognized WWCOTY ‘Supreme Winner’ title is awarded by the only all-female jury in the international automotive industry. The Women’s Worldwide Car of the Year Awards jury consists of 82 automotive journalists from 55 countries across five continents. They named the Hyundai SANTA FE winner of the Large SUV category after careful analysis and thorough evaluation, with the judging criteria and list of the Hyundai SANTA FE’s key attributes Read More
Hyundai Motor Company’s IONIQ 9 electric SUV has been hailed as one of the most anticipated electric vehicles (EVs) of 2025. With the three-row model set to launch soon in the U.S., followed by Europe and additional markets, it’s time to get up to speed with one of the most exciting new EVs to come out this year. Building on the award-winning Hyundai IONIQ 5 and IONIQ 6 — both triple winners at the World Car of the Year Awards in 2022 and 2023 respectively — the innovative IONIQ 9 three-row SUV represents Hyundai Motor’s commitment to future electrifying journeys, as part of Hyundai Motor’s vision to offer 21 EVs by 2030. IONIQ 9 is characterized by its classy, clean and stylish design, with a premium, high-quality and beautifully executed cabin that provides a spacious, airy feeling. IONIQ 9 EV capabilities deliver strong range and class-leading charging capability. IONIQ 9 is truly ‘Built to Belong,’ accommodating up to seven occupants in its spacious interior while providing innovative features that cater to everyone’s individual needs. IONIQ 9 is more than just transportation — it’s a space where family and friends can stay connected with the latest technology while enjoying the privacy and relaxation that makes every journey special. Whether managing busy schedules through its smart connectivity features or unwinding in its lounge-like interior, IONIQ 9 adapts to users’ dynamic lifestyles. Read More
Hyundai Motor Company and Tate announced that Máret Ánne Sara will create the next annual Hyundai Commission. Máret Ánne Sara is a Northern Sámi artist and author known for her work exploring global ecological issues through the lens of her lived experience within the Sámi community. Open to the public from October 14, 2025 – April 6, 2026, Hyundai Commission: Máret Ánne Sara will be the tenth in the annual series of new site-specific work for Tate Modern’s Turbine Hall. Hyundai Motor and Tate also announced the extension of their significant partnership, which encompasses support of both the Hyundai Commission and the Hyundai Tate Research Centre: Transnational, until 2036. This partnership was founded in 2014 with the longest initial commitment from a corporate partner in Tate’s history and is built on a shared vision to offer new ways to experience art and support diverse perspectives from across the contemporary cultural landscape. Read More
Nissan Motor Co., Ltd. announced the winners of the 41st Nissan Children’s Storybook and Picture Book Grand Prix, organized by the International Institute for Children’s Literature, Osaka. The competition, part of Nissan’s corporate citizenship activities, is aimed to help the development of children’s imagination and creativity. Shino won the Storybook Grand Prize for “Harukaze no Mahootsukai” (“The Wizard of the Spring Breeze”) and Kawahara Kumiko was awarded the Picture Book Grand Prize for “Uragawa” (“At the Back”). This year, the competition attracted 1,814 entries from amateur authors and illustrators. The Grand Prize winners will be published in December by BL Publishing Co., Ltd. In addition, three storybooks and three picture books were awarded special prizes, and 20 storybooks and 10 picture books won prizes for excellence. Read More
Saab has equipped Lima Airport’s Digital Apron Management Center with advanced technologies to enhance operational efficiency and capacity. The system, launched in December 2024, provides Lima Airport Partners (LAP) with improved situational awareness and management capability over apron operations. The deployment includes Saab’s Digital Towers, ADS-B surveillance, Aerobahn surface management system, and TactiCall Voice Communication system. This solution enables LAP to optimise apron operations and better manage growing air traffic. The successful partnership between global and local experts has allowed LAP to take full control of apron management, setting a new standard for air traffic management efficiency in Latin America. “LAP’s Digital Apron Management Center stands as a beacon, showing airport operators in Latin America the right path to follow to improve efficiency and capacity of their operations,” says Sergio Martins, Director, Saab ATM & Surveillance Radars for Latin America.
“The implementation of the Digital Apron Management Center marks a significant milestone in Lima Airport’s journey toward operational excellence. As the first 100% digital apron management system in Latin America, this state-of-the-art solution enhances situational awareness, streamlines apron operations, and reinforces our commitment to safety and efficiency. Through this collaboration with Saab, DFS Aviation Services, and our valued partners, we are setting a new benchmark in apron management, ensuring a smarter, more seamless airport experience for the future,” says Turgay Kircar, Chief Operating Officer at Lima Airport Partners. Read More
As the UK gears up for increases in National Insurance and the minimum wage this April, businesses are reassessing their workforce strategies. Faced with mounting financial pressures, a growing number of firms are opting to invest in artificial intelligence rather than expand their teams, according to new research. The CFO Playbook, a study commissioned by spend management platform Pleo, surveyed over 500 UK finance leaders and found that 57% of businesses are more likely to deploy AI solutions than hire new employees due to rising employment-related costs. The findings highlight a critical shift in corporate strategy as businesses attempt to balance efficiency gains with financial constraints. Read More
The FUSO eCanter electric light-duty truck, which has been an integral part of the Daimler Truck electric product portfolio for years and is popular with customers for last-mile deliveries, has convinced Peter Friedrich, owner of Getränke Friedrich in Seligenstadt, Germany, for a year now. The entrepreneur from Hessia relies on a compact eCanter with an S-Cabin and a flatbed tarp body to make his home delivery service more sustainable.
“Everyone should try to act more sustainably if they can do it well,” says Friedrich, explaining his decision for an all-electric delivery vehicle. When the entrepreneur was planning to purchase a new vehicle in 2023, he had a clear idea of the criteria it should meet: 100 per cent electric drive, a range of at least 40 kilometers, allowed to drive without a truck driving licence, the highest possible payload, a flatbed body with sliding tarpaulin, and as compact and maneuverable as possible for inner-city driving. Friedrich’s research quickly turned up what he considered the perfect match: the new FUSO eCanter. Series production of the vehicle had just begun at that time.
He found the right contact at FUSO sales and service partner Robert Kunzmann GmbH & Co KG in Aschaffenburg. Sales representative Steffen Horn didn’t even have a demonstration vehicle on site at that time – but he still managed to make a compelling offer to Peter Friedrich. He ordered the eCanter on the spot and took delivery in February of last year. A flatbed design with a side wall and sliding curtain was a clear plus: ‘When making home deliveries, we often park on the curb and need to be able to access the load quickly and easily from the passenger side,’ explains Peter Friedrich. In addition, the eCanter’s low loading edge, which is only about 850 mm high, is ergonomically designed to help the driver unload manually. The fact that Getränke Friedrich’s home delivery service is now 100% electric is of course mentioned on the decals of the new vehicle. ‘Our customers are taking notice of the eCanter, and we are getting really positive feedback,’ reports Peter Friedrich proudly.
Sustainable and versatile: the FUSO eCanter fulfils all customer requirements
The FUSO eCanter S415e has an all-electric, 150 hp (110 kW) drive and produces no local CO2 emissions. The selected battery pack option S with a rechargeable battery has a capacity of 41.3 kWh and offers a range of up to 70 kilometers. Furthermore, the 4.25 t electric vehicle can be driven with a class B driving licence. With a turning circle of just 12 meters, it is also agile and maneuverable, making it ideal for deliveries in the city and urban residential areas. Configured to the customer’s requirements with the narrow standard single cab, a wheelbase of 2.800 mm and a body length of 3.600 mm, it combines compact external dimensions with a payload of almost 1.2 tonnes. Read More
The 2025 National People’s Congress and the Chinese People’s Political Consultative Conference kicked off. He Xiaopeng, a member of the 14th National People’s Congress and chairman and CEO of Xiaopeng Motors, focused on four major areas: humanoid robots, low-speed unmanned driving, smart driving insurance, and low-altitude economy. He submitted four suggestions: “Suggestions on Promoting Support for the Accelerated Commercialization and Popularization of High-Intelligence Humanoid Robots”, “Suggestions on Promoting Low-Speed Unmanned Driving in Parking Lots to Realize Unmanned Parking and Pick-up Capabilities”, “Suggestions on Promoting the Development of Smart Driving Insurance Business”, and “Suggestions on Accelerating the Construction of an eVTOL Aircraft Pilot Qualification Certification Management System”. Through gradual policy innovation, he promoted the industrialization of scientific and technological innovation results, providing a reference from an industry perspective for the “steady progress” development in the field of science and technology. Read More
Bentley Motors has officially broken ground on its new Integrated Logistics Centre at its historic Crewe headquarters, marking a crucial step in preparing for the luxury marque’s all-electric future. Designed to enhance operational efficiency, flexibility, and sustainability, the facility will support the production of all future Bentley BEVs, while reinforcing the brand’s commitment to its Beyond100+ strategy.
The 11,620 sqm centre will support material processing and delivery to assembly lines, introducing advanced kitting and sequencing capabilities to optimise the handling of both small and large parts. By increasing the onsite storage footprint by 35 per cent, Bentley will reduce reliance on external warehousing and transportation.
For the first time in the Volkswagen Group, Bentley will implement a cutting-edge automated storage concept – an innovative storage and retrieval system that enhances process stability and improves material sequencing.
The facility has been designed with efficiency and flexibility in mind, to ensure seamless logistics operations, with a direct connectivity to production operations. Inside, a three-storey mezzanine will house: a visitor room, canteen, offices, training rooms, plant equipment and a viewing platform for operational oversight. Read More
Bentley customers now have access to an even wider array of exterior personalisation options for the fourth Generation Continental GT and Continental GT convertible. Bentley’s bespoke and coachbuilding division – Mulliner – has expanded its wide range of exterior accent colours, allowing owners to express their individuality and eye for detail through subtle enhancements, each executed with meticulous care by Mulliner’s artisans. Accent colour options include pinstripes to body kits and door mirrors, and wheel designs painted in single colours, two contrasting colours, or with pinstripe details. Adding to the breadth of choice, wheels can be specified in solid or metallic colours, as well as satin and pearlescent finishes. Exterior accent colours can complement or contrast the model’s exterior finish. They can also echo an interior finish or any hide colour, uniting interior and exterior colour palettes. For example, the new dark chrome interior finish offered for the Continental GT could be paired with a matching exterior accent colour in dark grey. The Mulliner Personal Commissioning Guide is the gateway to a world of possibilities, enabling each customer to realise their unique vision.
Emphasing style and performance
With their lean, muscular lines the fourth generation Continental GT and Continental GT Convertible readily inspire a personal and dramatic colour specification. For these models, Mulliner now offers a contrast accent pinstripe for the aerodynamic body kit in either gloss or satin finish. The perfectly executed pinstripe traces the outer edges of the front spoiler, sills and rear diffuser. A pinstripe accent colour is also available for mirror caps and wheel rims. Read More
The U.S.’s average price of gasoline has fallen for the third straight week, declining 0.6 cents compared to a week ago and stands at $3.03 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is down 8.9 cents from a month and is 36.7 cents per gallon lower than a year ago. The national average price of diesel has decreased 2.1 cents in the last week and stands at $3.608 per gallon.
GAS PRICE TRENDS
The most common U.S. gas price encountered by motorists stood at $2.99 per gallon, unchanged from last week, followed by $2.79, $2.89, $2.69, and $3.09 rounding out the top five most common prices.
The median U.S. gas price is $2.89 per gallon, unchanged from last week and about 14 cents lower than the national average.
The top 10% of stations in the country average $4.47 per gallon, while the bottom 10% average $2.46 per gallon.
The states with the lowest average prices: Mississippi ($2.60), Tennessee ($2.64), Louisiana ($2.65).
The states with the highest average prices: California ($4.65), Hawaii ($4.57), and Washington ($4.03).
Biggest weekly changes: Colorado (-10.4¢), Washington (-9.7¢), Tennessee (-8.1¢), Michigan (+7.9¢), California (+7.7¢)
DIESEL PRICE TRENDS
The most common U.S. diesel price stood at $3.59 per gallon, unchanged from last week, followed by $3.49, $3.39, $3.69, and $3.29, rounding out the top five most common prices.
The median U.S. diesel price is $3.49 per gallon, unchanged from last week and about 12 cents lower than the national average.
Diesel prices at the top 10% of stations in the country average $4.62 per gallon, while the bottom 10% average $3.01 per gallon.
The states with the lowest average diesel prices: Oklahoma ($3.14), Texas ($3.16), and Colorado ($3.23).
The states with the highest average diesel prices: Hawaii ($5.28), California ($4.98), and Washington ($4.34).
Biggest weekly changes: Delaware (+6.8¢), West Virginia (-6.2¢), Connecticut (-5.7¢), Utah (-5.4¢), New Jersey (-5.2¢). Read More
The Energy Information Administration showed a 3.6-million-barrel increase in crude oil inventories, while domestic U.S. oil production increased slightly to 13.508 million barrels per day. The SPR was unchanged and stands at 395.3 million barrels. Gasoline inventories fell 1.4 million barrels, while distillate inventories fell by 1.3 million barrels with refineries operating at an 85.9% utilization rate, a drop of 0.6 percentage points from a week ago. Implied gasoline demand, EIA’s proxy for retail demand, jumped 423,000 bpd to 8.877 million barrels per day. Total U.S. oil stocks are down 17.6 million barrels from a year ago, some 1.4%.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $66.50 | Up |
| Crude Oil (Brent) | USD/bbl | $69.79 | Up |
| Bonny Light 10/03/25 CBN | USD/bbl | $74.43 | Up |
| Dubai | USD/bbl | $71.09 | Down |
| Natural Gas | USD/MMBtu | $4.49 | Up |
| Murban Crude | USD/bbl | $70.81 | Up |
| OPEC basket 07/03/25 | USD/bbl | $72.55 | Up |
Bentley Motors has welcomed three exceptional, world-leading musical artists to its Crewe headquarters to design a one-of-a-kind Continental GTC, commissioned to honour female empowerment and collaboration. Celebrated organist and conductor Anna Lapwood MBE, world-renowned virtuoso cellist and composer Tina Guo, and Sister Bliss of legendary dance music group Faithless, joined forces to create a bespoke Bentley that embodies creativity, craftsmanship, and inclusivity.
This special commission is part of Bentley’s Extraordinary Women programme, an initiative dedicated to championing gender equality, fostering inclusion, and empowering women globally. Bentley Motors invited these exceptional artists to join the programme in recognition of their remarkable contributions to music, their influence as role models, and their dedication to challenging industry norms.
The unique Continental GTC, tailored through Bentley’s Mulliner division, represents the artistic and personal influences of each musician, blending bespoke design elements that reflect their personal journeys and shared vision. Bentley’s Mulliner design team played a pivotal role in bringing the vision to life, with two leading female designers at the forefront of the project. These industry leading experts ensured every detail of the Continental GTC reflected the essence of the musicians’ artistry. Their expertise in bespoke luxury design continues to set new standards in automotive personalisation, reaffirming Bentley’s dedication to fostering talent across industries, including the arts, automotive, and beyond. The result of this extraordinary collaboration will be revealed in Q4, after the car has been handcrafted by the craftspeople and artisans at Bentley’s Dream Factory in Crewe, England.
Alongside this design project, Bentley hosted the next session of its ‘Extraordinary Talks’ series for its colleagues, where Lapwood, Guo, and Sister Bliss shared inspiring discussions on creativity, leadership, collaboration and driving change in male-dominated industries to an audience of over 100 colleagues. The talk encouraged colleagues to embrace innovation and support a more inclusive future.
Bentley Motors continues to support DEIB initiatives that drive positive change. This unique Continental GTC serves as a striking representation of what can be achieved when talent, vision, and collaboration come together. Read More
More than 500 guests and media friends gathered to witness the groundbreaking debut of the Lamborghini Temerario, an extraordinary and innovative vehicle that showcases unparalleled technical and stylistic excellence. This marks the beginning of a new chapter of pushing the boundaries and redefining the super sports car.
The event was honored by the presence of Stephan Winkelmann, Automobili Lamborghini Chairman and CEO, Federico Foschini, Automobili Lamborghini Chief Marketing & Sales Officer and Francesco Scardaoni, Region Director of Automobili Lamborghini Asia Pacific.
With a new pure and iconic design, technical features expressed at its limit and an unconventional hybrid layout, Temerario unveils a completely reimagined look, poised to captivate a broader audience while remining faithful to its dedicated customer base.
The new hybrid powertrain, designed and developed from scratch in Sant’Agata Bolognese, combines a completely new twin-turbo V8 engine with three electric motors, delivering a total power output of 920 CV and is the first production super sports car to achieve 10,000 rpm. The performance is an absolute revelation: maximum speed of 343 km/h (210+ mph), 0 to 100 km/h (0-62 mph) in just 2.7 seconds.
The Temerario is displayed in Verde Mercurius, Alleggerita version, alongside with the other two plug-in hybrid versions: the V12 HPEV (High-Performance Electrified Vehicle) , Revuelto[2] as well as the first plug-in hybrid Super SUV, Urus SE[3]. Guests could get their firsthand personalization options through Lamborghini Ad Personam program display with more than 400 exterior colors, complementary interiors and other special trim options explained by the specialists. Read More
More than just an inaugural drive, the ‘Feeling The Track’ drive event was a continuation of a legacy – one forged a century ago when Bugatti carved its name into motorsport history through relentless triumphs. With each victory, the marque set new benchmarks for performance and innovation. This gathering of Bolide owners honored that past, pushing the boundaries of what was possible on the track once more.
Built around the definitive edition of the iconic W16 engine, the Bolide represents a pure expression of Bugatti’s vision – engineered for extreme performance while maintaining the unique accessibility and quality that defines the marque. The ‘Feeling The Track’ event invited owners to explore this capability firsthand – the same capability that had once made Bugatti an unstoppable force in racing.
Circuit Paul Ricard, once home to the French Grand Prix, now played host to the Bolide in full flight. The track, with its sweeping corners and high-speed straights, provided the perfect proving ground for a machine designed to test the limits of performance. From the development of the bespoke ‘flight case,’ mirroring those used in elite motorsport, to the personal seat fitting in Molsheim, each step built up to this moment on track.
Before owners unleashed their machines in full-track sessions, they participated in expert-led training to ensure they could harness the Bolide’s capabilities with confidence. Each driver worked closely with a dedicated instructor, refining their technique. The morning session saw them on track in Porsche 911 GT3 RS models, sharpening their skills in preparation for the afternoon, where they transitioned to their own Bolide.
The Bolide hyper sports cars on track reflected their owners’ passions, showcasing the possibilities of Bugatti’s craftsmanship. The four customer cars presented truly distinct specifications – one combining sleek ‘Black Carbon’ and ‘Ruby’, accented by striking gold-painted rims, another fusing ‘Black Carbon’ and ‘Blue Carbon’, a third in full ‘Nocturne’, and the fourth adorned in ‘Black Carbon’ and ‘Argent.’ Every detail, from the choice of materials to bespoke design elements, is a testament to the individuality of each owner’s unique vision.
Throughout the day, Bugatti Pilote Officiels Bruno Spengler and Andy Wallace were on hand, offering insights and guidance to help the drivers explore the dynamic limits of their cars. It was in the afternoon’s driving sessions that the true track experience unfolded, as the owners put their skills to the test on the same circuit that has hosted some of motorsport’s greatest races.
The owners took to the track in groups, setting lap times, pushing their Bolide to the heights of performance. Each run presented a unique opportunity to explore the full potential of the Bugatti hyper sports car, with the owners shaving seconds off their times as they grew more familiar with the Bolide’s capabilities. The combination of expert guidance and the track’s demanding yet forgiving layout allowed drivers to push themselves further, inching closer to the limit with every lap. Read More
Baker Hughes Rig Count: U.S. -1 to 592 Canada -14 to 234
U.S. Rig Count is down 1 from last week to 592 with oil rigs unchanged at 486, gas rigs down 1 to 101 and miscellaneous rigs unchanged at 5.
Canada Rig Count is down 14 from last week to 234, with oil rigs down 7 to 170, gas rigs down 7 to 64 and miscellaneous rigs unchanged at 0.
International Rig Count is unchanged from last month at 905 with land rigs down 2 to 711, offshore rigs up 2 to 194.
| Region | Period | Rig Count | Change |
| U.S.A | 07 March 2025 | 592 | – 1 |
| Canada | 07 March 2025 | 234 | – 14 |
| International | February 2025 | 905 | -4 |
| Baker Hughes |
Hindustan Petroleum Corporation Ltd. (HPCL), a Maharatna Oil Company, and Tata Motors, India’s largest commercial vehicle manufacturer, have partnered to introduce their co-branded Genuine Diesel Exhaust Fluid (DEF). This high-quality DEF solution will drive optimal vehicle performance, boost drivetrain efficiency, and extend vehicle longevity. Produced in BIS-approved facilities that meet the highest industry standards, this co-branded Genuine DEF is being made available via HPCL’s extensive retail network of 23,000 fuel stations across the country, ensuring ready availability and easy access for customers.
An essential component for modern BS6-compliant diesel vehicles, DEF plays a key role in reducing harmful emissions by breaking down potentially harmful nitrogen oxides into safer and cleaner nitrogen and water. By using this co-branded Genuine DEF, Tata Motors’ customers can conveniently enhance vehicle efficiency while ensuring compliance of emission and environmental norms. Read More
All newly developed vans will, in the future, be based on the modular, flexible and scalable Mercedes-Benz Van Architecture. Starting in 2026, Mercedes-Benz Vans will launch its all-electric models of the Van Electric Architecture (VAN.EA) and enter a new era. The Van Combustion Architecture (VAN.CA) will follow with state-of-the-art combustion engine vans. Regardless of the drivetrain, the new vehicle architecture allows for a clear differentiation between privately positioned vans in the luxury segment and commercially positioned transporters in the premium segment.
The portfolio of privately positioned vans will range from high-quality family vehicles and exclusive VIP shuttles to luxurious limousines with an enormous amount of space. The winter testing of the future multipurpose vehicles (MPVs) in Arjeplog, Sweden, ensures that they can withstand even the most extreme climatic conditions.
The test drives near the Arctic Circle are part of a comprehensive testing plan, which covers numerous climate zones and test routes. The test design is specifically tailored to the characteristics of the new MPVs. Particularly in focus are the vehicle dynamics and safety systems such as ESP®, as well as the ventilation and heating of the generous interior.
The test vehicles undergo an intensive programme to test their performance under extreme conditions. Both individual components and the overall vehicles are put through their paces. These Arctic conditions provide valuable insights for the completion of development and are the next major milestone on the way to reinventing the van. Read More
After setting records on the Nürburgring Nordschleife and at Shanghai International Circuit and the WeatherTech Raceway Laguna Seca in California, the Taycan Turbo GT with Weissach package has now also set a lap record for electric cars at Interlagos, São Paulo. This is the fourth time, and on the fourth continent, that Porsche has secured a lap record with the electric sports car specially designed for the racetrack. The Taycan Turbo GT has also proven its motorsport credentials as a Formula E safety car since May 2024, when it took over the role from the Taycan Turbo S. Driven by Bruno Correia (Portugal), it is the most powerful safety car in an FIA World Championship. There are always two Taycan Turbo GT safety cars at each Formula E race. One is equipped with the Weissach Package and the other one is without. Fitted with safety equipment and a high-tech communication system, they alternate between duties as the main car and as the backup vehicle. Read More
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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