11 Dec Energy/Automotive news, commentary and analysis
London, December 11, 2025, (Oilandgaspress) –––Oil Prices Drop as Ukraine reported its SBU drones struck Russian oil infrastructure in the Caspian Sea for the first time, targeting Lukoil-linked assets expandingthe conflict’s energy front.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $57.40 | Down |
| Crude Oil (Brent) | USD/bbl | $61.07 | Down |
| Bonny Light 11/12/25 CBN | USD/bbl | $63.74 | Down |
| Dubai | USD/bbl | $62.74 | Down |
| Natural Gas | USD/MMBtu | $4.23 | Down |
| Murban | USD/bbl | $62.20 | Down |
| OPEC basket 10/12/25 OPEC | USD/bbl | $61.87 | Down |
| At press time December 11, 2025 |
A new report from the Norwegian Offshore Directorate shows that, in 2024, there were 24 oil and gas companies on the Norwegian continental shelf (NCS). This is the lowest number since activity started up on the shelf. At the same time, developments in exploration activity reveal a clear shift from global to Norwegian players. Several major international companies have sold their stakes, and there has been considerable consolidation among the remaining companies. This has helped many companies strengthen their positions. Norwegian oil and gas companies are increasingly dominant in exploration for new resources. Companies that primarily focus on the NCS account for 67 per cent of the resource growth over the last ten years. Read More
Orbit Clipper, the UK’s first fully electric zero-emissions ferry, has completed its first passenger trip across the River Thames, ushering in a new era for sustainable transport in London. The ferry, owned and operated by Uber Boat by Thames Clippers developed with part funding from the Department for Transport and Innovate UK, was built in conjunction with project partners including high-speed aluminium ship builder, Wight Shipyard Company; maritime civil engineering consultants, Beckett Rankine; and electric infrastructure specialists, Aqua superPower. Orbit Clipper will operate between Rotherhithe on the south of the river and Canary Wharf on the northern side with zero tailpipe emissions, providing an accessible, fast and green service for thousands of Londoners and visitors a day. Read More
The tax contribution to society from Equinor amounted to a total of USD 25.8 billion for 2024, including employment taxes. In a year characterised by a gradual normalisation of energy markets, Equinor continues to deliver strong tax contributions. Equinor delivered solid financial results for 2024, on the back of strong operational performance and stable oil and gas production. Tax payments from Equinor provide governments and authorities with opportunities to increase welfare and strengthen their societies.
In 2024, Equinor group companies contributed with tax, host government entitlement, royalty and fee payments of USD 23.1 billion globally. Of this, USD 19.2 billion was paid to Norway, where Equinor has the largest operations. In addition, USD 1.5 billion was paid in employment taxes in Norway, such as employer social security contributions and payroll taxes. Read More
On 5 November 2025, Vestas announced the initiation of a share buy-back programme, cf. Company Announcement No. 24/2025. The programme is implemented in accordance with Regulation No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and the Commission Delegated Regulation (EU) 2016/1052 (the “Safe Harbour Regulation”).
Prior to the share buy-back, Vestas held 12,357,143 treasury shares, equal to 1.2 percent of the share capital.
Under the programme, Vestas will buy back shares for an amount up to DKK 1,120m (approx. EUR 150m) in the period from 6 November 2025 to 17 December 2025. Read More
Vestas announce the following orders as part of our Q4 order intake:
| Country | Region | Customer | Project name | MW | Turbine variant | Service agreement | Delivery & commissioning |
| Germany | EMEA | Uhl Windkraft | Schnabelwaid | 79 | 11 x V172-7.2 MW | 25-year AOM 5000 Service Agreement | Delivery planned to begin in Q1 2027; commissioning scheduled to begin in Q3 2027 |
| Germany | EMEA | wpd GmbH | Reinstedt Repowering | 80 | 11 x V162-6.2 MW, 2 x V150-6.0 MW | 15-year AOM 4000 Service Agreement | Delivery planned to begin in Q2 2026; commissioning scheduled to begin in Q4 2026 |
| Poland | EMEA | FW LUBIEŃ 1 SP. Z o.o. /Greenvolt Power Group Sp. z o.o. | Lubień | 32 | 8 x V150-4.0 MW | 20-year AOM 5000 Service Agreement | Delivery planned to begin in Q1 2027; commissioning scheduled to begin in Q2 2027 |
Saab has received an order from BAE Systems Hägglunds for the sight and fire control system UTAAS (Universal Tank and Anti-Aircraft System) for Combat Vehicle 90. The order value is approximately SEK 314 million. Deliveries will take place 2029-2030.
UTAAS is a modular, integrated sight and fire control system for the Combat Vehicle 90 (CV90), currently in service in Sweden, Norway, Switzerland, Finland, the Netherlands, Denmark, Estonia, and Ukraine, and has also been ordered by the Czech Republic and Slovakia.
“The increasing global demand for the CV90 underscores its proven capabilities and reliability on the battlefield. Our long-standing partnership with BAE Systems Hägglunds has enabled us to enhance our production capacity for the UTAAS, ensuring that we can meet the growing needs of our customers”, says Carl-Johan Bergholm, head of Saab’s business area Surveillance. Read More
Bentley Flying Spur Speed has again demonstrated its exceptional performance in all conditions by setting a new ‘winter lap record’ at the world’s most northerly active race circuit.
The record was set at the Drivecenter Arena circuit in Fällfors, northern Sweden – just 100 miles from the Arctic Circle, and a former military airbase. Despite the entirety of the 2.05-mile track being covered in 12” of ice and snow, the Flying Spur Speed was able to complete laps in under three minutes, with the best time standing at 2:58 – the quickest any vehicle has lapped the facility in winter conditions, ever. The Flying Spur’s variable four-wheel drive system and rear-wheel steering combined to give the car outstanding agility in the conditions, and peak speed was 120 mph during the record run despite the longest straight being only 450 metres long and covered in sheet ice.
The record was inspired by a combination of previous events from Bentley’s history – the two Ice Speed Records captured by Bentley in 2007 and 2011, and the one-hour endurance record set by a Turbo R at Millbrook Proving Ground in the UK in 1986 where 140 mph was averaged around the banked bowl. While the conditions mirrored those of the Ice Speed Records, the car that was used – registration Y15 BML – has a specification matched to the Turbo R in Bentley’s Heritage Collection. Identical Brooklands Green paintwork, yellow fine lines, and an interior in Linen, Cumbrian Green and Open Pore Walnut were specified to mark the Turbo R’s 40th birthday this year.. Read More
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Submit your Releases or contact us now!, victor@oilandgaspress.com
OilandGasPress.com is a website that provides news, updates, and information related to the oil and gas industry. It covers a wide range of topics, including exploration, production, refining, transportation, distribution, and automotive market trends within the global energy sector. Visitors to the site can find articles, press releases, reports, and other resources relevant to professionals and enthusiasts interested in the energy, oil and gas industry.
Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases
“Stay informed with Oilandgaspress.com—your independent source for global energy, oil, gas, EV, and automotive industry news and analysis.”
Submit your Releases or contact us now!, victor@oilandgaspress
Sorry, the comment form is closed at this time.