Energy / Automotive News Roundup; Rig Count: U.S. 589 Canada -1 to 94
London, January 03, 2025 (Oilandgaspress) –- U.S. Rig Count is unchanged from last week at 589 with oil rigs unchanged at 483, gas rigs unchanged at 102 and miscellaneous rigs unchanged at 4. Canada Rig Count is down 1 from last week to 94, with oil rigs unchanged at 44, gas rigs down 1 to 50 and miscellaneous rigs unchanged at 0. International Rig Count is down 10 rigs from last month to 909 with land rigs unchanged at 712, offshore rigs down 10 to 197. International Rig Count is down 46 rigs from last year’s count of 955, with land rigs down 23, offshore rigs down 13.
The U.S. Offshore Rig Count is unchanged at 14, down 5 year-over-year. The Worldwide Rig Count for October was 1,754, up 4 from the 1,751 counted in September 2024, and down 22, from the 1,776 counted in October 2023.
| Region | Period | Rig Count | Change |
| U.S.A | 03 January 2025 | 589 | 0 |
| Canada | 03 January 2025 | 94 | -1 |
| International | December 2024 | 909 | -10 |
During the period from 23 to 27 December 2024, Eni acquired on the Euronext Milan no. 3,914,579 shares (equal to 0.12% of the share capital), at a weighted average price per share equal to 12.7728 euro, for a total consideration of 49,999,993.23 euro within the second tranche of the treasury shares program approved by the Shareholders’ Meeting on 15 May 2024, previously subject to disclosure pursuant to art. 144-bis of Consob Regulation 11971/1999, for the purpose of paying to the Shareholders an additional remuneration compared to the distribution of dividends. Read More
The UK has a new target for greenhouse gas emissions. The prime minister wants them to be 81% lower by 2035 than they were in the 1990s. While much of the climate change discussion focuses on carbon dioxide (CO2), tackling methane could have a faster impact in the short term, external..Methane is a potent greenhouse gas made from hydrogen and carbon. It does not last as long in the atmosphere as CO2 does but it traps much more heat. About 60% of it is generated by human activity such as agriculture, the production of fossil fuels and decomposing landfill waste.
At some sites, the methane is captured and burned for energy but that still emits CO2, and so Levidian has developed a cleaner solution. Read More
The UN Environment Programme’s (UNEP) Global Methane Assessment states a 45% reduction by 2030 would avoid nearly 0.3°C of warming by 2045. The UK government has committed to reaching net zero emissions by 2050. In 2022 the UK signed the Global Methane Pledge to collectively reduce global methane emissions by at least 30% by 2030 compared to 2020 levels. In 2023 the COP28 agreement called on parties to accelerate and substantially reduce non-carbon-dioxide emissions globally especially methane emissions by 2030. The UK Methane Memorandum details how reductions have been made since 1990 and what is being done to secure further progress.
Methane represented 14% of total UK greenhouse gas (GHG) emissions in 2022, with the agriculture, waste and fuel supply sectors contributing around 49%, 30% and 8% to that total respectively (Department for Energy Security and Net Zero (DESNZ), 2024 ). Since 1990 reported UK methane emissions dropped by over 62% (DESNZ, 2024). But we still need to secure even greater reductions and improve the data to better quantify and understand emissions more broadly.
The Environment Agency has an important regulatory role in reducing methane emissions in England. . Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $73.99 | Up |
| Crude Oil (Brent) | USD/bbl | $76.51 | Up |
| Bonny Light 02/01/25 CBN | USD/bbl | $76.37 | Up |
| Dubai | USD/bbl | $73.23 | Up |
| Natural Gas | USD/MMBtu | $3.34 | Down |
| Murban Crude | USD/bbl | $76.91 | Up |
| OPEC basket 02/01/25 | USD/bbl | $74.93 | Up |
Kia Corporation announced today global sales of 3,089,457 vehicles in 2024, posting a new annual global sales record. This represents a 0.1 percent increase compared with the same period last year. Excluding special purpose vehicles, Kia’s 2024 sales in markets outside of Korea saw a one percent rise over the previous year, to 2,543,361 units. Sales in Korea totaled 540,010 units, a 4.2 percent decrease.
For December 2024, Kia’s global monthly sales increased 11.8 percent compared with the same period in 2023, to 240,537 vehicles.
Kia’s previous best yearly performance was recorded in 2023, with sales totaling 3,087,384 units. This included 2,518,016 units sold outside of Korea, and 563,660 vehicles in Korea.
The Sportage SUV topped the 2024 global sales rankings by model, selling 587,717 units, followed by the Seltos SUV (312,246 units), and the Sorento SUV (280,705 units).
The company’s best-ever annual sales was supported by the launch of competitive new models such as the Kia EV3, — as well as the new K4 sedan, and hybrid model of the Carnival MPV — along with stabilized industrial conditions and flexible business operations that increased vehicle production and supply.
In 2025, Kia is targeting global sales of 3,216,200 units. By region, the brand expects to sell 550,000 units in Korea and 2,658,000 vehicles overseas. Kia also expects to sell 8,200 special purpose vehicles.
Kia plans to solidify its EV leadership and maintain its sales momentum by expanding its EV lineup, successfully launching strategic models, and fostering the growth of its PBV business.
2024 Sales Results
| Region | Dec. ’24 | Dec. ’23 | Y/y Change | Nov. ’24 | M/m Change | 2024 | 2023 | Y/y Change |
| Korea | 46,070 | 44,803 | 2.8% | 48,015 | -4.1% | 540,010 | 563,660 | -4.2% |
| Outside ofKorea | 193,887 | 169,758 | 14.2% | 215,595 | -10.1% | 2,543,361 | 2,518,016 | 1.0% |
| SPV Sales | 580 | 595 | -2.5% | 576 | 0.7% | 6,086 | 5,708 | 6.6% |
| Global | 240,537 | 215,156 | 11.8% | 264,186 | -9.0% | 3,089,457 | 3,087,384 | 0.1% |
2025 Sales Targets
| Region | 2025 Targets | 2024 Results |
| Korea | 550,000 | 540,010 |
| Outside of Korea | 2,658,000 | 2,543,361 |
| Special Purpose Vehicles | 8,200 | 6,086 |
| Global | 3,216,200 | 3,089,457 |
Volkswagen of America released sales figures for Q4 2024 and for the year overall.
“We’re delighted that we outperformed the market in 2024, with sales increasing by 15.2% compared with industry growth of about 2%,” said Kjell Gruner, President and CEO, Volkswagen Group of America. “It shows that our reinvigorated product lineup is resonating with American buyers—and we expect the momentum to continue in 2025 with our refreshed Taos in dealerships now and a brand-new Tiguan coming to market later this year. These results are also a testament to all the hard work our team members and dealers have put in over the year.” Read More
Oil and Gas News Undiluted !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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
Please email us your industry related news for publication info@OilAndGasPress.com
Follow us: on Twitter | Instagram
Oil and gas press covers, Energy Monitor, Climate, Renewable, Wind, Biomass, Sustainability, Oil Price, LPG, Solar, Marine, Aviation, Fuel, Hydrogen, Electric ,EV, Gas,
