London, August 23, 2025, (Oilandgaspress) –––The Trump administration halted construction on a nearly complete offshore wind project near Rhode Island as the White House continues to attack the battered U.S. offshore wind industry that scientists say is crucial to the urgent fight against climate change. Danish wind farm developer Orsted says the Revolution Wind project is about 80% complete, with 45 out of its 65 turbines already installed. The Bureau of Ocean Energy Management issued the order Friday, saying the federal government needs to review the project and “address concerns related to the protection of national security interests of the United States.”
It did not specify what the national security concerns are. Read More
Hyundai Motor Group Executive Chair Euisun Chung, Founding Chairman Ju-yung Chung, and Honorary Chairman Mong-Koo Chung have been recognized with the Automotive News Centennial Award for their outstanding contribution to the global automotive industry.
Automotive News named the leaders as key figures in driving the advancement of mobility, with the Group’s automotive brands Hyundai Motor, Kia and Genesis having achieved significant success most recently under Executive Chair Chung’s leadership.
Chung has elevated the Group to a global top three automaker since his inauguration as Executive Chair in October 2020, building on the legacy of his father, Honorary Chairman Mong-Koo Chung, and his grandfather, Founding Chairman Ju-yung Chung. His bold vision, customer-centric focus, and transformative contributions have propelled Hyundai Motor Group to become one of the most ambitious and forward-looking companies in global mobility.
“I am honored to receive this Automotive News Centennial Award and the recognition from such a respected voice in our industry,” said Executive Chair Chung. “I have always believed that innovation must serve humanity, and that progress is only meaningful when it improves people’s lives. This recognition reflects the input and trust from our employees, partners, and customers who inspire us to think boldly and push the boundaries of what’s possible. We remain committed to creating innovative, customer-focused, and more sustainable solutions that enrich lives and drive progress for people and the planet.”
Chung’s tenure has seen Hyundai Motor Group accelerate investment in electrification, hydrogen fuel cell technology, software-defined vehicles, robotics, autonomous driving, and advanced air mobility, reshaping the global mobility landscape and creating an environment for a more sustainable and connected future.
Under his leadership, Hyundai Motor and Kia have won a total of 12 World Car Awards, including four consecutive World Car of the Year titles since 2022 with the Hyundai IONIQ 5, Hyundai IONIQ 6, Kia EV9 and, most recently in 2025, the Kia EV3.
Chung has led the evolution of Hyundai Motor, Kia and the Genesis luxury brand into a new era, overseeing the development next-generation platforms and software, future design directions, and customer-focused services that will define the vehicles of tomorrow.. Read More
Waymo, the Alphabet autonomous vehicle subsidiary received its first permit from the New York Department of Transportation on Friday to start testing in New York City, Mayor Eric Adams announced Friday. The rollout is the city’s first autonomous vehicle testing launch.
Waymo will start testing up to eight vehicles in Manhattan and Downtown Brooklyn through late September with the potential to extend the program. New York state law requires the company to have a driver behind the wheel to operate.
“We’re a tech-friendly administration and we’re always looking for innovative ways to safely move our city forward,” Adams said in a release. “New York City is proud to welcome Waymo to test this new technology in Manhattan and Brooklyn, as we know this testing is only the first step in moving our city further into the 21st century.”. Read More
Mercedes-Benz is reportedly in talks to source engines from its biggest rival, BMW. The plan could see BMW’s turbocharged four-cylinder powering Mercedes cars from 2027. Manager Magazin first reported that Mercedes is considering buying BMW’s B48 engine, widely used across BMW’s own lineup. The B48 is versatile, working in both longitudinal and transverse layouts. That flexibility would allow Mercedes to fit it into a broad range of compact and mid-size models.BMW already supplies engines to Morgan, Ineos, Range Rover, and even Toyota’s Supra. Collaborations are nothing new for the Bavarian brand. Read More
Electric vehicles (EVs) promise lower fuel and maintenance costs—but for many used EV buyers, reality bites. If unexpected repair bills are draining your savings, you’re not alone. The cost of EV parts, limited mechanics, and out-of-warranty issues can hit hard. Many EV owners find it’s not the battery, but rather traditional wear-and-tear issues that creep up. Pinpointing the problem helps determine if you have a lemon—or just a rough patch. Most EVs come with 8-year/100,000-mile battery warranties, and sometimes other powertrain coverage. Even if the basic warranty expired, you might still be eligible for battery-related repairs for free. Unlike gas cars, independent mechanics can’t always fix EVs due to software locks and specialized equipment. That often means you’re stuck with dealerships and high labor costs. A 2023 Consumer Reports study found EV repairs can cost more per visit—even though they happen less often overall. 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 |
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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