Energy / Automotive News Roundup; Rig Count: U.S. -2 to 590 Canada -10 to 153
London, April 04, 2025 (Oilandgaspress) –-The latest EIA data showed that weekly U.S. crude oil production rose slightly, rising from 13.574 million bpd to 13.580 million bpd. The figure is just 51,000 bpd shy of the all-time high reached during the week of December 6, 2024. . . Read Related News
Baker Hughes Rig Count: U.S. -2 to 590 Canada -10 to 153
U.S. Rig Count is down 2 from last week to 590 with oil rigs up 5 to 489, gas rigs down 7 to 96 and miscellaneous rigs unchanged at 5.
Canada Rig Count is down 10 from last week to 153, with oil rigs down 9 to 99, gas rigs unchanged at 54 and miscellaneous rigs down 1 to 0.
International Rig Count is down 6 from last month to 899 with land rigs down 2 to 709, offshore rigs down 4 to 190.
| Region | Period | Rig Count | Change |
| U.S.A | 04 April 2025 | 590 | -2 |
| Canada | 04 April 2025 | 153 | – 10 |
| International | March 2025 | 899 | -6 |
International Rig Count is down 72 rigs from last year’s count of 971, with land rigs down 27, offshore rigs down 45.
The average U.S. Rig Count for March was 592 up 3 from last month count of 590 and down 33 year-over-year.
The average Canada Rig Count for March was 194 down 53 rigs from last month count of 247 and down 3 year-over-year.
The Worldwide Rig Count for March was 1,685, down 56 from the 1,532 counted in February 2025, and down 108, from the 1,793 counted in March 2024 Baker Hughes
Oman’s Nama Power & Water Procurement Company has announced that it has received bids from 12 major utility project developers for two of its key projects – Misfah IPP within Muscat Governorate and Duqm IPP in Al Wusta area.
Those who submitted the statement of qualifications (SOQS) for the project are: global players including Samsung C&T Corporation; Korea Western Power; Marubeni Corporation; Sumitomo; Reliance Power; Sembcorp Utilities and Shenzhen Energy Group, said Nama in a statement.
The key regional players in the race are Acwa Power Company; Nebras Power; Al Ghanim International
as well as Etihad Water and Electricity Company and Al Jomaih Energy & Water Company.
According to Nama, two combined cycle gas turbines power plants with a total capacity of 2,400 MW will be developed as part of the project.
The project will be developed in partnership with the private sector, it added.-TradeArabia News Service . Read Related News
Subsea7 today announced the award of a sizeable1 contract by Shell Offshore Inc. for the Sparta deepwater development in the US.
The project involves the transportation and installation of a floating production system (FPS) at Garden Banks block 959, which is located off the southeastern coast of Louisiana at water depths of up to 1,635 metres. Project management and engineering activities will begin immediately at Subsea7’s office in Houston, Texas, with offshore operations expected to start in 2027. Craig Broussard, Senior Vice President for Subsea7 Gulf of Mexico, said, “We are proud to continue our collaboration with Shell in the US, building on past projects, including the recent Vito development. We look forward to playing a key role in the successful delivery of the Sparta project.”. . Read Related News
At a critical time for Africa’s power sector and development, the International Network on African Energy Transition (INAET) will meet in Nairobi, Kenya on April 8-9, 2025 to discuss the path forward for the continent’s energy transition and how the public and private sectors can partner to increase access to more reliable, affordable, and clean energy. The conference will bring together scholars, experts, professors of global higher education institutions, policy makers and industry leaders from across Africa to strategize on energy transition topics critical to the continent’s future, including the role of financial institutions, policy development, biofuels, digitalization, the nexus between energy, agriculture, and water, and the essential role of women in Africa’s energy transformation.
INAET, which aims to strengthen intra-African dialogue and cooperation on energy and sustainability issues, is a network of think-tanks promoted by Eni, the Italian energy company, and the School of Government of Luiss Guido Carli University in Rome, an Italian higher education institution specializing in public policy, governance, and international affairs.
This year’s conference is organized in partnership with IFC, a member of the World Bank Group, underscoring the strong cooperation among academic institutions, development banks, and the private sector in addressing Africa’s energy challenges and opportunities.
The event will also highlight the essential role of private sector sponsors, including Bayer, Alpha Group, and WTS Energy, who are supporting this year’s conference, which builds on the network’s launch in Rome in 2023. Scholars, practitioners, and stakeholders committed to advancing Africa’s energy transition are kindly invited to join the Nairobi conference... Read Related News
Janina Pfleiderer-Stellbogen is a project manager in Porsche’s sales strategy with a focus on sustainability and works closely with Porsche’s international sales companies. In the interview, she provides insights into the development of local initiatives in the areas of environment and social responsibility and explains the role Porsche customers play in the journey towards a more sustainable future. Janina, what does the topic of sustainability mean to you?
Janina Pfleiderer-Stellbogen: Sustainability has been a part of my life since I was young, as it plays an important role in my family. I was made aware early on that the resources of our planet are finite and that we need to find solutions that protect our environment. These experiences sparked in me the desire to advocate for a more sustainable future, not only in my personal life but also professionally – in my role in the sales strategy area, I can contribute to this effort. . Read Related News
Fifty-five years ago, Richard Attwood and Hans Herrmann won the first of a total of 19 overall victories for Porsche in the 24 Hours of Le Mans. Today, the British-born Attwood celebrates his 85th birthday. Richard Attwood’s career is characterised by speed, precision and a passion for endurance racing. He celebrates his 85th birthday today. “We would like to wish Richard Attwood all the best and thank him for his dedication to the Porsche brand,” says Michael Steiner, Member of the Executive Board for Research and Development. “With his victory at Le Mans in 1970, he secured a place in motorsport history. His precise driving style, strategic skill and technical understanding make him one of the most outstanding drivers in our history.”
From Formula racing to the top of Porsche
Richard Attwood was born on 4 April 1940 in Wolverhampton, UK. His parents ran a car dealership, and he was interested in motorsport from an early age. At 19 years old, he was entering his first races – first with touring cars, then later with GT cars. In 1965, he competed in Formula 1 for the first time at the Monaco Grand Prix. By 1969, Attwood had driven for BRM, as well as for Lotus and Williams. . Read Related News
.Leapmotor is thrilled to announce its outstanding sales performance for March 2025, marking a significant milestone in the company’s growth trajectory. The total sales across all carlines reached an impressive 37,095 units (+154% vs March 2024), showcasing the brand’s increasing popularity and market presence. The Leapmotor C10 has been a standout performer. In March alone, the C10 achieved record-breaking deliveries of 12,000 units, contributing to a cumulative total of 100,000 units since its launch. This remarkable achievement underscores the C10’s appeal and the strong demand for innovative, reliable and affordable vehicles. Read Related News
Hyundai Motor America today launched the Customer Assurance[i] program in response to dynamic market conditions and the potential impact of tariffs on the automotive industry. This unique initiative reinforces Hyundai’s long-standing commitment to supporting American consumers and safeguarding affordability. This initiative ensures that customers who purchase or lease any new Hyundai vehicle between today and June 2, 2025, will see no increase in the Manufacturer’s Suggested Retail Price (MSRP) during the protection window. Customers can enjoy the peace of mind of knowing that MSRP will not increase, regardless of market conditions, providing financial reassurance and the time to make the right choice for their transportation needs. “At Hyundai, we have a long history of providing value and doing what’s right for our customers and communities,” said José Muñoz, president and CEO, Hyundai Motor Company. “We know consumers are uncertain about the potential for rising prices and we want to provide them with some stability in the coming months. Our MSRP commitment is just one part of our multifaceted effort to provide great vehicles to American consumers, while also supporting hundreds of thousands of jobs and investing billions of dollars in the most important market for our company.”
“Our commitment to maintaining the MSRP is another example of the focus we place on the consumer,” said Randy Parker, CEO, Hyundai Motor North America. “We understand the challenges consumers face in today’s economic climate, and we want to continue the momentum from record sales in March and the first quarter. This initiative builds on Hyundai’s legacy of supporting American consumers and investing in the U.S. market.”
Two weeks ago, Hyundai Motor Group announced a significant investment of $21 billion in the United States from 2025 to 2028. This investment is focused on expanding manufacturing capabilities, advancing future technologies, and enhancing energy infrastructure in America and will create more than 100,000 direct and indirect jobs. This latest U.S. investment builds on the Group’s existing allocation of approximately $20.5 billion since entering the U.S. market in 1986 that has created more than 570,000 jobs. Read Related News
Oil continued its dive into Friday—Brent dropped below $66, WTI scraped $62—and if you’re thinking, hey, haven’t seen those levels since 2021, you’re not wrong. Today’s WTI prices are not sustainable for some US producers. A perfect storm began to brew late Wednesday. First came President Trump’s broadside tariff blitz—blanket duties slapped on all U.S. trading partners, sparking fears of a global trade war. Yes, energy was exempt from the tariffs. Still, investors didn’t need much convincing. Stocks plunged on Thursday, recession talk started buzzing, and oil got hammered in the crossfire. Suddenly, the demand side of the oil equation is looking very shaky. Read Related News
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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