Latest Energy/Automotive news,commentary & analysis | Nov. 17, 2025
Baker Hughes Rig Count: U.S. +1 to 549 Canada -3 to 188.
London, November 17, 2025, (Oilandgaspress) –––Oil benchmarks rose more than 2% on Friday after exports were suspended at Novorossiysk and a neighbouring Caspian Pipeline Consortium terminal, affecting the equivalent of 2% of global supply. Novorossiysk has since resumed oil loadings , according to media reports and LSEG data.
Ukraine’s continued attacks on Russian oil infrastructure remain unabated and continues to affect oil prices..
U.S. Rig Count is up 1 from last week to 549 with oil rigs up 3 to 417, gas rigs down 3 to 125 and miscellaneous rigs up 1 to 7.
Canada Rig Count is down 3 from last week to 188, with oil rigs down 5 to 124, gas rigs up 2 to 64 and miscellaneous unchanged at 0.
International Rig Count is down 25 from last month to 1,059 with land rigs down 8 to 833, offshore rigs down 17 to 226
The Worldwide Rig Count for October was 1,800, down 12 from the 1,812 counted in September 2025, and down 164, from the 1,964 counted in October 2024.
| Region | Period | Rig Count | Change |
| U.S.A | November 14, 2025 | 549 | +1 |
| Canada | November14, 2025 | 188 | -3 |
| International | October 2025 | 1059 | -25 |
Baker Hughes |
Reference is made to the stock exchange announcement made by Dolphin Drilling AS on 11 November 2025 regarding the private placement of 13,774,772,727 new shares in the Company at a subscription price of NOK 0.011 per share (the “Subscription Price”), raising gross proceeds of approximately NOK 151.5 million, equivalent to approximately USD 15 million (the “Private Placement”).
The Company’s board of directors (the “Board”) hereby calls for an extraordinary general meeting to be held on 1 December 2025 at 11:00 CET (the “EGM”) in order to, inter alia, approve (i) the issuance of new shares in the Private Placement; (ii) granting an authorisation to the Board to issue new shares as compensation to the underwriters in the Private Placement; (iii) authorise the Board to issue shares to facilitate a reverse share split; (iv) a reverse share split in the ratio of 300:1; and (v) election of members to the Board. It is proposed that the Board is authorised to set the relevant key dates for the proposed reverse share split, such as last day including, ex-date and record date. In connection with the reverse share split, it will also be necessary to change the ISIN of the Company’s shares. Further information about key dates and the change of ISIN will be given through stock exchange announcements at a later time.
Shareholders who, as of the date of implementation of the reverse share split (i.e. the record date for the reverse share split), own a number of shares that does not result in a whole number when divided by 300 will have their shareholding rounded down to the nearest number of shares that results in a whole number when divided by 300. No fractional shares will be issued, and the shareholders will not be compensated for the rounding. Shareholders who own fewer than 300 shares will have their shareholding rounded down to zero. The Board proposes that every fractional share will be added together to whole shares and sold on Euronext Growth Oslo, and that the net proceeds from the sale are donated to a charitable purpose as determined by the Board. . Read More
On December 6, the Olympic Flame will start its journey across Italy ahead of Milano Cortina 2026: thanks to the commitment of 10,001 torchbearers, the Olympic Torch Relay will light up also several areas where Eni is present. The company has chosen to support sport and its values as Premium Partner of the Milano Cortina 2026 Olympic and Paralympic Winter Games, and as Presenting Partner of the Olympic Torch Relay.
After the lighting of the Olympic Flame on November 26, that according to the tradition takes place in Olympia, Greece, and following its arrival in Rome on December 4, the Olympic Torch Relay for Milano Cortina 2026 will begin on December 6 and will reach all the Italian regions until its arrival in Milan, at the San Siro Stadium, on the evening of February 6, 2026. In every city, local communities will come together in a nationwide celebration: the passing of the Flame represents the fundamental values of the Olympic Movement, embodying the feelings of Friendship, Peace, Hope and Team Spirit.. In addition, the Olympic Torch Relay will pass by other territories where Eni and its subsidiaries are present with plants and production sites: Terni on December 8; Livorno on December 12; Porto Torres (Sassari) on December 13; Priolo (Syracuse) on December 18; Frosinone on December 27; Potenza on December 28; Ferrara on January 7; Novara on January 13; Mantua on January 19; and Udine on January 24. Read More
Alexander Schmitt will become the new Chief Procurement Officer and member of the Executive Board of PowerCo SE from November 18, 2025. This decision was approved today by the Supervisory Board of PowerCo SE. Schmitt has worked for mining company Anglo-American, based in London, where he was responsible for customer business as Chief Marketing Officer. As Chief Procurement Officer, he will be responsible for the entire procurement of raw materials, components and equipment as well as supplier management and value engineering. He succeeds Jörg Teichmann, who is stepping down by mutual agreement and will take on a new role in the Volkswagen Group. Read More
The Norwegian Petroleum Directorate announced Technology Day 2026. Save the date – 4 June 2026 – and take this opportunity to nominate speakers for the event!
They are looking for proposals for presentations linked to topics in the Norwegian Offshore Directorate’s technology strategy:
Collecting subsurface data
Challenging barrels
Next-generation production systems
We will consider all the proposals received before we set up the program for Technology Day 2026. Use the nomination form to submit your proposals by 28 February. Read More
TotalEnergies announces the signing of an agreement with Energetický a průmyslový holding, a.s. (EPH) for the acquisition of 50% of its flexible power generation platform (gas-fired and biomass power plants, batteries) in Western Europe (Italy, United Kingdom and Ireland, Netherlands, France), valued at €10.6 billion (enterprise value), i.e. a multiple of 7.6x 2026 EBITDA.
Under the agreement, EPH will receive the equivalent of €5.1 billion in TotalEnergies shares. 95.4 million TotalEnergies shares will be issued, based on a price equal to the volume-weighted average share price of the twenty trading sessions preceding November 16th (signing date), i.e. €53.94 per share, representing about 4.1% of TotalEnergies’ share capital and making EPH one of the Company’s largest shareholders upon completion of the transaction.
The transaction will result in the creation of a joint venture owned 50/50 by TotalEnergies and EPH, which will be responsible for the industrial management of the assets and the business development, while each company will market its share of production under a tolling arrangement with the joint venture. Read More
Renault Group announces the appointment of Josep Maria Recasens as Chief Strategy, Product & Program Management Officer (SPPM), effective immediately. This change is part of a drive to simplify the organisation in order to increase its agility and speed. Reporting to François Provost, CEO of Renault Group, and as a member of the Leadership Team, Josep Maria Recasens will be responsible for defining the strategy to maintain the Group’s positive momentum, guiding product choices for the coming years and coordinating the implementation to ensure the success of the future line-up. In addition to his new role, Recasens will remain CEO of the Iberian Peninsula countries. He will continue as CEO of Ampere until the transformation work is finalised. Read More
Hyundai Motor Company announced that it will provide official vehicles for the 2025 G20 Leaders’ Summit in Johannesburg, South Africa. The company will supply 30 STARIA multi-purpose vehicles (MPVs) as official transportation for delegation staff from participating countries and support the summit’s successful operation. The G20 Leaders’ Summit in Johannesburg will be held November 22–23 under the theme ‘Solidarity, Equality, Sustainability.’ Launched in December 1999 with participation from 20 major economies, including the Republic of Korea and the European Union, the G20 began as a forum of finance ministers and central bank governors to discuss international economic and financial issues. The first G20 Leaders’ Summit was convened in 2008 in response to the global financial crisis, and in 2009, member countries agreed to hold it regularly, elevating the forum to the highest level for addressing a range of international issues, including those in the economic sphere.
This year’s summit is especially significant as it will be the first G20 Leaders’ Summit ever held on the African continent and the 20th in the forum’s history. Heads of state from G20 member and invited countries, leaders of the European Union and African Union, and representatives of international organizations such as the United Nations, International Monetary Fund and World Bank are expected to attend. Read More
Hyundai Motor Group (the Group) announced it will invest KRW 125.2 trillion in South Korea over the five-year period from 2026 to the end of 2030, representing the company’s largest-ever domestic investment commitment.
The investment plan significantly expands on the Group’s previous commitment, exceeding the KRW 89.1 trillion investment in Korea from 2021 to 2025 by KRW 36.1 trillion. The new five-year commitment marks an annual average investment of KRW 25.04 trillion over this future period, and a more than 40 percent increase from the annual average over the past five years of KRW 17.8 trillion.
This significant domestic investment strategy highlights the Group’s agility in actively responding to the rapidly changing global business environment, positioning the Group effectively for long-term growth. The plan aims to strengthen South Korea’s status as a global mobility innovation hub as well as stimulate broader economic growth by advancing the AI/Robotics industry and progressing the green energy ecosystem.
The KRW 125.2 trillion investment will be allocated across three key areas: Read More
The Toyota Mobility Foundation and Honda Motor Co., Ltd. today announced the launch of the “KUB-DEE-DAI-DEE (Good driving brings good returns)” campaign in Thailand, a joint initiative to address traffic safety issues in the country.
TMF and Honda are collaborating through the overseas subcommittee of the cross-industry framework “Tateshina Meeting” *1, which aims for future with zero traffic accident fatalities. By sharing insights gained from activities in Japan and expanding them globally, they are working to create safer traffic environments. As part of this effort, the two companies will implement a campaign in Thailand themed around the Thai cultural belief of “TAM-DEE-DAI-DEE (Good deeds bring good returns)” to help prevent accidents involving both four-wheeled and two-wheeled vehicles and will evaluate its effectiveness.. Read More
.Saab has today signed a contract with the Colombian Government and received an order for 17 Gripen E/F fighter aircraft. The order value is EUR 3.1 billion and deliveries will take place 2026-2032.
The contract includes 15 Gripen E one-seater and two Gripen F two-seater fighter aircraft as well as associated equipment and weapons, training and services. Saab and the Colombian Government have today also signed two offset agreements outlining the framework for various military and social projects. These cover a comprehensive industrial cooperation package that will benefit Colombia in areas including aeronautics, cyber security, health, sustainable energy and water purification technology. Read More
Dana Incorporated announced today it will participate in the Barclays 16th Annual Global Automotive and Mobility Tech Conference on November 19. Beginning at 1:40 p.m. EST, Dana’s Senior Vice President and Chief Financial Officer Timothy Kraus will take part in a fireside chat for approximately 35 minutes. Read More
Saab has received two orders from Airbus Defence and Space for the Arexis Electronic Warfare (EW) sensor suite to equip German Eurofighters. The total order value is approximately EUR 549 million. The delivery period is 2025-2028.
The first order marks the continuation of the contract signed with Airbus Defence and Space in March 2024 for the integration of the Arexis EW sensor suite for the Eurofighter EK (Elektronischer Kampf). The order value is approximately EUR 291 million and the order is booked immediately by Saab.
The second order includes AI technology by both Saab and its strategic partner Helsing. The order value is approximately EUR 258 million and is subject to authority approval. Read More
Chris O’Shea, chief executive of British Gas’s parent company Centrica, last week stepped in to rescue customers of collapsed supplier Tomato Energy. But he said he may not do the same for more firms if – because they are unable to raise enough capital to meet Ofgem’s targets – they go under. ‘If they can’t raise the capital, if the market is not investible, why would I want to do that? I want to help customers. But if the same thing keeps happening then I don’t want any part of it,’ he said.
O’Shea’s comments come at a time of intense speculation that a big provider is on the verge of going under.
He called on the regulator to come clean over exactly how bad the situation is at firms that have fallen short of its yardsticks.. Read More
Tesla, founded in 2003, has become one of the most recognized electric vehicle (EV) manufacturers globally. In 2014, Tesla sold 31,655 vehicles worldwide, reflecting its early stage in mass EV production. Over the next decade, Tesla expanded its manufacturing capacity, introduced popular models like the Model S, Model 3, Model X, and Model Y, and invested heavily in battery technology. By 2024, Tesla’s worldwide vehicle sales reached 1.79 million, demonstrating remarkable growth driven by global demand, brand recognition, and innovations in EV technology.
BYD, a Chinese automaker established in 1995, had a much higher vehicle output from the beginning due to its established presence in China and focus on electric buses, commercial vehicles, and passenger cars. In 2014, BYD sold 437,725 vehicles globally. Over the years, BYD leveraged strong domestic demand, government incentives, and expansion into international markets. By 2024, BYD’s worldwide sales soared to 4.27 million vehicles, making it one of the largest EV producers in the world.
Comparing both companies, Tesla’s growth in vehicle sales is impressive in percentage terms, rising from 31,655 to 1.79 million units over ten years. BYD, on the other hand, maintained its leadership in volume, selling 4.27 million vehicles in 2024. Tesla’s strategy focuses on innovation, premium models, and global expansion, while BYD emphasizes production scale, diverse EV offerings, and dominance in its home market.
Both Tesla and BYD are driving the global transition to electric mobility. Read More
In Norway’s Smøla wind farm, scientists reportedly discovered that painting just one blade of a turbine black dramatically reduces bird collisions—by an incredible 70%. The contrast breaks the visual “motion blur” that often makes spinning blades nearly invisible to birds, especially large species like eagles and seabirds. This low-cost adjustment could reshape global wind energy design. As countries expand renewable power, this tiny modification offers a way to protect wildlife without slowing down clean-energy progress. It proves that sustainability and conservation don’t have to compete—sometimes, all it takes is a single stroke of paint.
The Cayenne Electric, which will soon be offered alongside the combustion engine and hybrid vehicles of the SUV model series, will open the door to the future: Porsche has introduced “wireless charging” to the market as an optional extra for the new SUV. This means: Soon there will be no need for charging cables, wallboxes, or manual involvement – simply park the car in the garage and charging will begin. How does this work?
The charging system consists of just two components: a floor plate for the garage or parking space and a receiver unit located behind the front axle of the Cayenne. “Porsche is currently the only car manufacturer in the world that is going to offer contactless charging, with an innovative 11 kW one-box system,” says Christian Holler, head of charging systems at Porsche. This form of energy transfer is already part and parcel of people’s everyday lives – with induction stoves, smartphones, and electric toothbrushes. But supplying energy to an electric car contactlessly? That’s the next level.
Installation is intuitive and convenient. The floor plate is lined up centrally before the front axle of the parked SUV. The housing, which measures six centimeters in height, 78 in width, and 117 centimeters in length, contains everything you need. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $60.04 | Down |
| Crude Oil (Brent) | USD/bbl | $64.42 | Up |
| Bonny Light 14/11/25 CBN | USD/bbl | $64.87 | Up |
| Dubai | USD/bbl | $65.18 | Up |
| Natural Gas | USD/MMBtu | $4.49 | Up |
| Murban | USD/bbl | $65.88 | Down |
| OPEC basket 14/11/25OPEC | USD/bbl | $64.68 | Up |
| At press time November 17, 2025 . |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Victor Cole , victor@oilandgaspress
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