10 Dec Energy / Auto Newstrack, Baker Hughes Rig Count: U.S. 549 Canada 191
London, December 10, 2025, (Oilandgaspress) –––Communities across Scotland, Wales and Northern Ireland are set to benefit from an expanded renewable energy investment package from publicly owned Great British Energy. The company, which recently committed to supporting more than 1,000 local and community energy projects over the next five years, has increased its funding for the UK’s devolved nations by an additional £12 million, bringing the total to over £21 million. This follows an earlier pledge of £9.3 million earmarked for renewable energy schemes and the installation of solar panels on public sector buildings. Scotland will receive a further £5.5 million, enabling the launch of 23 new community energy projects, supported jointly by Great British Energy and the Scottish Government. Over the course of this year, a total of 71 Scottish projects will have received backing—ranging from a community solar farm on the Isle of Arran to new wind developments in Aberdeenshire. Read More
U.S. Rig Count is up 5 from last week to 549 with oil rigs up 6 to 413, gas rigs down 1 to 129 and miscellaneous rigs unchanged at 7.
Canada Rig Count is up 3 from last week to 191, with oil rigs up 5 to 126, gas rigs down 2 to 65 and miscellaneous unchanged at 0.
International Rig Count is up 14 from last month to 1,073 with land rigs up 14 to 833, offshore unchanged at 226.
The Worldwide Rig Count for November was 1,812, up 12 from the 1,800 counted in October 2025, and down 95, from the 1,907 counted in November 2024.
| Region | Period | Rig Count | Change |
| U.S.A | December 05, 2025 | 549 | +5 |
| Canada | December 05, 2025 | 191 | +3 |
| International | November 2025 | 1073 | +14 |
Baker Hughes |
During the period from 1 to 5 December 2025, Eni acquired on the Euronext Milan no. 3,794,333 shares (equal to 0.12% of the share capital), at a weighted average price per share equal to 16.1792 euro, for a total consideration of 61,389,306.62 euro within the treasury shares program approved by the Shareholders’ Meeting on 14 May 2025, previously subject to disclosure in accordance with applicable legislation…Read More
Borr Drilling Limited announced that its wholly owned subsidiary Borr IHC Limited and certain other subsidiaries have priced an offering of additional 10.375% senior secured notes due 2030 (the “Additional Notes”) for gross proceeds of approximately $165 million.
The Additional Notes will have the same terms and conditions as the existing senior secured notes due 2030. The Company plans to use the proceeds from the Additional Notes offering, together with the proceeds from its previously announced equity offering, seller financing and, if necessary, available cash, for the acquisition of five premium jack-up rigs announced by the Company on December 8, 2025 and for general corporate purposes, which may include debt service, capital expenditures, funding of working capital and potential mergers and acquisitions. Settlement of the Additional Notes is expected on or about December 19, 2025 and is subject to customary closing conditions. . Read More
QuantumScape Corporation, a global leader in next-generation solid-state lithium-metal battery technology, today announced that it will voluntarily transfer the listing of its Class A Common Stock to The Nasdaq Stock Market LLC (“Nasdaq”) from the New York Stock Exchange, effective after the close on December 22, 2025. The company expects to begin trading as a Nasdaq-listed company on December 23, 2025. The company will continue to trade under its current ticker symbol “QS”. The transfer will include all of QS’s publicly traded securities. The company has met all listing requirements for Nasdaq and expects a smooth transition with no disruption to trading activities.
“We’re proud to join Nasdaq’s community alongside some of the most innovative companies in the world,” said Kevin Hettrich, Chief Financial Officer of QS. “We look forward to this exciting opportunity to partner with Nasdaq to better serve our shareholders.”
“QuantumScape is a trailblazer in the electric mobility space, and we’re thrilled to welcome them into the Nasdaq family,” said J.R. Mastroianni, Head of Exchange Transfers, Listings Services at Nasdaq. Read More
China successfully conducted a major railway technology trial on the Baoshen Railway in Inner Mongolia, linking seven heavy freight trains into a single convoy using a new wireless control system—without physical couplers. The convoy carried a combined load of 35,000 tonnes, over three times the weight of the Eiffel Tower, showcasing a potential leap in freight efficiency and reduced transit times..The control system was developed by China Shenhua Energy Company along with other domestic partners. It was designed to synchronize acceleration and braking across all the trains so the convoy could operate safely without mechanical links. Read More
https://www.youtube.com/embed/1SRp02idJqI
The European Commission on Wednesday published legal proposals to slash deadlines for authorities across the EU to approve permits for energy projects, in a bid to speed up the modernisation of power networks, confirming draft plans previously reported by Reuters… Read More
The Board of Directors of Neste Corporation has approved the commencement of a new plan period within the share-based long-term incentive scheme for Neste’s key employees. The scheme comprises a Performance Share Plan (also “PSP”) targeted to Neste’s management and selected key employees and a Restricted Share Plan (also “RSP”) which serves as a complementary structure for individual retention and recognition and for other specific situations. Neste originally announced the establishment of the long-term incentive scheme on 12 June 2025. Read More
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Victor Cole , victor@oilandgaspress
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