Energy/Automotive news, commentary and analysis | October 21, 2025
London, October 21, 2025, (Oilandgaspress) –––TotalEnergies and Oteis have signed a deal for the sale of TotalEnergies’ sustainable consultancy and solutions affiliate GreenFlex to Oteis, a divestment that reflects TotalEnergies’ strategy to concentrate its activities on energy production and supply.
With over 800 employees and some thirty agencies in France and the rest of Europe, Oteis Conseil & Ingénierie operates in several fields: construction, water and development, infrastructure, and industry. The group’s ability to integrate new teams and develop their skills following deals similar to the GreenFlex acquisition has delivered strong growth in recent years.
Oteis intends to harness GreenFlex’s expertise in environmental and social consultancy, low-carbon energy performance and transition financing to establish a major new player with a full range of services and solutions on their markets. Read More
Petrofac says restructuring will result in no residual value being retained by existing shareholders.
The Company remains focused on completing the Restructuring in the shortest possible time and by the end of November 2025. It has made very good progress towards implementation, and expects to shortly conclude a Lock Up Agreement in respect of the identified implementation route, which will support the Group’s operational capability and ongoing delivery.
The Group expects to share further detail in the coming days. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $57.23 | Up |
| Crude Oil (Brent) | USD/bbl | $60.75 | Up |
| Bonny Light 17/10/25 CBN | USD/bbl | $61.84 | Down |
| Dubai | USD/bbl | $63.26 | Down |
| Natural Gas | USD/MMBtu | $3.40 | Up |
| Murban | USD/bbl | $62.84 | Down |
| OPEC basket 20/10/25OPEC | USD/bbl | $61.74 | Down |
| At press time October 21, 2025 . |
Baker Hughes Rig Count: International -3 to 1076, :U.S. +1 to 548 Canada +5 to 198
U.S. Rig Count is up 1 from last week to 548 with oil rigs unchanged at 418, gas rigs up 1 to 121 and miscellaneous rigs unchanged at 9.
Canada Rig Count is up 5 from last week to 198, with oil rigs up 7 to 136, gas rigs down 2 to 61 and miscellaneous unchanged at 1.
International Rig Count is up 8 from last month to 1,084 with land rigs up 8 to 841, offshore rigs unchanged at 243
The Worldwide Rig Count for August was 1,793, up 7 from the 1,786 counted in July 2025, and down 153, from the 1,946 counted in July 2024.
| Region | Period | Rig Count | Change |
| U.S.A | October 17, 2025 | 548 | +1 |
| Canada | October 17, 2025 | 198 | +5 |
| International | September 2025 | 1084 | +8 |
International Rig Count is down 72 rigs from last year’s count of 1,156, with land rigs down 44, offshore rigs down 28.
The average U.S. Rig Count for September was 542 up 3 from last month count of 538 and down 45 year-over-year.
The average Canada Rig Count for September was 187 up 8 rigs from last month count of 179 and down 30 year-over-year.
The 8th World Intelligent Connected Vehicle Conference (2025 WICV) was held from October 16 to 18, 2025, at the Beiren Yichuang International Convention and Exhibition Center in Yizhuang, Beijing. As China’s first national-level intelligent connected vehicle conference approved by the State Council, this year’s WICV, themed “Gathering Wisdom and Energy for Infinite Connectivity,” brought together global industry forces to provide a high-end platform for technical exchange, showcase of achievements, and collaboration.
At this conference, Xiaopeng Motors unveiled four core products: the new Xiaopeng P7, Xiaopeng G7, 2025 Xiaopeng G9, and 2025 Xiaopeng X9. With its leading intelligent connected technology and excellent product strength, it has attracted widespread attention, fully demonstrated Xiaopeng Motors’ technological strength in the field of intelligent electrification, and become an important representative of the innovative achievements of Chinese auto companies. Read More
VoltaGrid, and Halliburton have signed an agreement to establish a strategic collaboration focused on delivering distributed power generation solutions for data centers worldwide, with the initial roll-out targeted for the Middle East.
Under this agreement, VoltaGrid and Halliburton will combine their complementary strengths to develop, deploy, and operate advanced, efficient, and sustainable power generation systems utilizing turbines, reciprocating engines, and VoltaGrid’s proprietary QPac platform. The collaboration aims to meet the growing demand for reliable, lower-emission energy infrastructure in a rapidly expanding digital and industrial landscape.. Read More
Halliburton in collaboration with Aker BP, executed the first operation using the Enhanced Remote Operated Control System (eROCS) and Optime Tubing Hanger Orientation System (OTHOS) in the Norwegian continental shelf. The achievement sets a new direction for Halliburton’s subsea operations, with broader access to digital control and umbilical-less solutions in offshore regions.
The operation marked a breakthrough in subsea control and completions. The use of digital hydraulic control and the OTHOS allowed the precise installation and orientation of the vertical Christmas Tree tubing hanger without umbilicals, conventional tubing hanger orientation tools, or standard blowout preventer alignment equipment. The approach simplified planning and interface requirements, reduced operational complexity, lowered risks and costs, and increased rig flexibility for Aker BP. . Read More
New Severe plus air pollution forecast for Delhi on Diwali
Forecasting model by Cambridge Judge Business School and the Indian Institute of Technology, based on a successful time-series model developed during the COVID-19 pandemic, says air pollution in Delhi will be in the Severe plus category much earlier than in past years.
A new weekly forecast model for air pollution in Delhi, a serious problem and health hazard as winter approaches, was launched today (20 October) by academic researchers at Cambridge Judge Business School and the Indian Institute of Technology (IIT) Delhi.
The first weekly Delhi Air Pollution Tracker (CJBS–IIT Delhi) forecast, issued on Diwali Day (the Indian festival of lights) for the week beginning Monday 20 October, forecasts that Delhi’s air quality will deteriorate rapidly in the next two weeks due to stagnant weather and crop-burning, “pushing the city into the Severe plus category much earlier than in recent years”.
The air pollution forecasting model, which will inform policymakers and individuals about the air pollution problem in the upcoming weeks, is based on a successful forecasting model for the spread of the COVID-19 virus issued by Cambridge Judge in 2021. The forecasts are based on a structural time series model outlined in a research paper published in Harvard Data Science Review. . Read More
Kent has been awarded the Front-End Engineering Design (FEED) contract for the Upgrade Services for the Khafji Desalter and Water Treatment Plant & Related Facilities (UDWT) Project by Al-Khafji Joint Operations (KJO). KJO is jointly owned and operated by Aramco Gulf Operations (AGOC) and Kuwait Gulf Oil Company (KGOC).
The project, scheduled to begin on 6 October 2025 with a duration of 15 months, will be delivered primarily from Kent’s UK Woking offices by a team of around 150 engineers and specialists. They will be working in close collaboration with colleagues from Kent KSA, whose role will focus on local knowledge, site surveys, and management of in-country third-party work. This balanced approach ensures that global expertise is combined with local insight, strengthening delivery for KJO.
The FEED scope covers the design of new desalter facilities alongside the upgrade and expansion of existing water treatment plants at Al-Khafji. The desalter design will sustain production of 300,000 barrels per day of sweet crude for the next 20 years, while managing an expected water cut of up to 60 per cent. The facility will incorporate advanced separation and desalting technologies, designed to process up to 315,000 barrels per day and reduce flaring to minimise environmental impact. . Read More
United Kingdom’s remaining proven and probable oil and gas reserves were estimated at 2.9 billion barrels of oil equivalent (Bboe) at the end of 2024, according to the latest Reserves and Resources Report published by the North Sea Transition Authority (NSTA).
While total reserves declined slightly year-on-year, the report highlights a significant 31% increase in prospective resources, now estimated at 4.6 Bboe, largely due to new opportunities identified under the 33rd Offshore Licensing Round. The UK also holds an estimated 6.2 Bboe in contingent resources, representing discovered but undeveloped petroleum that could be matured through new investment and field development activity.
To date, a total of 47.7 Bboe has been produced from the UK Continental Shelf (UKCS). In 2024, production totaled 401 MMboe, with two new field development plans adding less than 50 MMboe to reserves. The NSTA noted that limited exploration drilling last year—only four wells, with less than 100 MMboe discovered—underscores the need for continued investment to progress drill-ready prospects and sustain the UK’s offshore production base. The report also reaffirms that the UK’s petroleum mix remains roughly 70% oil and 30% gas. . Read More
UK’s carbon storage industry has reached an important milestone with the drilling of an appraisal well on the Hewett field, in the Southern North Sea, for the Bacton CCS project. It is the first carbon storage appraisal well to be drilled on acreage licensed by the North Sea Transition Authority (NSTA) as part of the world’s first large-scale carbon storage licensing round in 2023.
The appraisal well, operated by global energy company Eni, is an important step towards assessing the carbon storage potential of the UK continental shelf (UKCS). The basin has up to 78 gigatonnes of potential storage capacity in depleted reservoirs and saline aquifers, enough to sequester all the CO2 emitted in the UK since the industrial revolution.
The NSTA estimates that up to 100 stores may need to be appraised to identify the best candidates for storage and help the UK reach its net zero target by 2050.
Hewett, 18 miles off the Norfolk coast, was one of the UKCS’s longest serving gas fields. Its original operator, Phillips, started production from the field in 1969, making Hewett only the third North Sea field to reach this stage, after West Sole and Leman. The field had produced 3.5 trillion cubic feet of gas by the time it permanently shut down in 2023.. Read More
Mobilisights, Stellantis’ Data-as-a-Service (DaaS) subsidiary dedicated to connected vehicle data services, and OCTO, the global leader in telematics, are joining forces to provide fleet managers, insurers, and mobility players with better ways to leverage automotive data.
Mobilisights has unique access to data from 14 automotive brands. OCTO, a pioneer in driving data analysis and the development of telematics solutions for mobility and insurance, has already profiling over 20 million drivers worldwide to improve safety, cost management, and sustainability in their daily journeys.
Through this partnership, telematics data from Stellantis vehicles integrated by Mobilisights can be harnessed and enriched via OCTO’s platform. This will enable a deeper understanding of usage patterns, improved risk prevention, and optimized fleet management… Read More
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Victor Cole , victor@oilandgaspress
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