Energy/Automotive news,commentary and analysis | December, 01 2025
London, December 01, 2025, (Oilandgaspress) –––TotalEnergies signs farm-out agreement with Chevron for offshore Nigeria exploration licenses
TotalEnergies EP Nigeria has signed a farm-out agreement to transfer a 40% participation interest in PPL 2000 and PPL 2001 to Star Deep Water Petroleum Limited, a Chevron company. The two exploration licenses are located offshore Nigeria.
Situated in the prolific West Delta Basin, the PPL 2000 and PPL 2001 licenses cover approximately 2,000 square kilometers. They were awarded in 2024 to a consortium comprising TotalEnergies and South Atlantic Petroleum following the Nigerian Upstream Petroleum Regulatory Commission’s 2024 Exploration Bid Round.
Under the new partnership structure, TotalEnergies will remain operator with a 40% interest, alongside Chevron (40%) and South Atlantic Petroleum (20%).
This agreement further strengthens the global offshore exploration collaboration between TotalEnergies and Chevron. It follows Chevron’s June acquisition of a 25% working interest in a portfolio of U.S. offshore exploration blocks, covering 40 Chevron-operated leases. Read More
Reference is made to the stock exchange announcement made by Dolphin Drilling AS (the “Company”) on 17 November 2025 regarding the notice of an extraordinary general meeting in the Company to, among other things, approve the resolutions in connection with the Private Placement (as defined therein).
The extraordinary general meeting was held today, 1 December 2025, at 11:00 CET. As set out in the attached minutes, all matters on the agenda were approved as proposed by the board of directors, including: (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) an authorisation for 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. Read More
Dacia, together with its agency Publicis Conseil and the production companies Iconoclast, Shot in Mars and Prodigious, has obtained the Ecoprod 2-star label* for its 4 new films: Duster, Logan, Sandero and Jogger. This distinction marks a major milestone in the responsible transformation of automotive communication and audiovisual production.
An unprecedented Eco-smart approach
Eco-smart, “à la Dacia”, describes the approach aimed at being ecological and economical in a clever way.
Examples are numerous. Dacia no longer uses animal leather, decorative chrome and limits as much as possible the use of paper in its vehicles. The LPG range is also a clear example of this desire to minimize environmental impact with affordable solutions.
Audiovisual production is no exception: the Dacia Synergie 2025 project, launched in March 2025, integrates eco-social production principles from its very conception, with responsible representations such as reasoned mobility, carpooling and diversity, in perfect coherence with the brand’s commitments. . Read More
Shell and Equinor launch Adura, creating the UK North Sea’s largest independent oil and gas producer
Shell U.K. Limited, a subsidiary of Shell plc, and Equinor UK Limited, a subsidiary of Equinor ASA, have completed an agreement to combine their UK offshore oil and gas operations into a new company, Adura, which officially launched today. The joint venture immediately becomes the largest independent producer in the UK North Sea.
Adura is jointly owned 50:50 by Shell and Equinor and brings together decades of North Sea experience, technical capability, and operational excellence from both companies. The new entity is positioned to deliver a more cost-competitive portfolio while maximising long-term value across some of the UK’s most strategically important energy assets.
Neil McCulloch, who brings over 30 years of industry leadership, will serve as CEO of Adura.
“It’s a rare privilege to be part of a company’s first chapter. A commitment to safety, a belief in the future of the North Sea, and the combined expertise from Equinor and Shell form the foundation of our exciting new company. I can’t wait to begin working with this exceptional team,” McCulloch said.
Adura now assumes Shell and Equinor’s interests in 12 producing oil and gas assets and major projects, including:
Mariner
Rosebank
Buzzard
Shearwater
Penguins
Gannet
Nelson
Pierce
Jackdaw
Victory
Clair
Schiehallion
The company also holds a number of exploration licences.
With its headquarters in Aberdeen, Adura has absorbed staff from both parent companies, ensuring continuity and the retention of deep technical and operational expertise. Read More
MGI Engineering has unveiled SeaGlide, an autonomous foiling vessel designed to cut the cost and carbon footprint of short-range maritime logistics.
The all-electric Uncrewed Surface Vehicle (USV) can carry up to 200kg of cargo for 150km all-electric at a cruise speed of 25 knots, providing an on-demand alternative to crewed launches and ferries traditionally used for inter-island and coastal deliveries.
A key feature of the system is its compatibility with MGI’s airborne Mosquito cargo UAV, allowing the creation of a fully integrated air-sea logistics network. This pairing enables parcels to be flown from inland addresses to the coast by air, transferred autonomously to SeaGlide for the maritime leg, and then delivered directly to remote islands or coastal communities without any human handling. The capability opens the door to end-to-end, zero-emission delivery networks that bridge gaps between land, sea and air infrastructure.
SeaGlide’s electric motors are mounted within its fins, lifting the hull clear of the water via fully adjustable hydrofoils to reduce drag and boost range. The near-silent propulsion and self-stabilising foils draw on MGI’s Formula One composites and control systems heritage, enabling high-speed performance and efficient operation in variable sea states.
Its BVLOS-certified (beyond-visual-line-of-sight) autonomy suite integrates AIS, radar and optical sensors with advanced collision-avoidance and precision-docking software, allowing the vessel to navigate and berth independently. A hybrid-electric variant is currently in development to extend range up to 500km for longer routes and heavier payloads.
MGI says the platform directly tackles one of the most persistent challenges in maritime logistics — the “last mile” between ports and remote communities – where high crew costs, regulatory limits and fuel dependency make traditional services inefficient and carbon intensive.
For postal operators, parts suppliers and logistics firms, these short maritime hops often represent a disproportionate share of delivery costs. For coastal and island populations, they can determine access to essential supplies such as medicine, mail and food.
“SeaGlide is a direct response to the commercial and environmental challenges in maritime logistics,” said Mike Gascoyne, MGI’s chief executive officer. “By applying our F1 experience in lightweight composites and aerodynamic efficiency to the water, we’ve created a platform that makes autonomous, zero-emission delivery commercially viable.”
SeaGlide is available in four-metre, five-metre and six-metre variants and is currently undergoing sea trials in UK waters. Operated from a single ruggedised ground station for mission planning, launch and monitoring, it is designed for scalable, low-cost fleet operations.
Designed, tested and manufactured in the UK, SeaGlide is available for international licensing and production partnerships. Read More
Saab UK has opened applications for its first Graduate Engineering Programme, starting in Autumn 2026. The two-year scheme is a key part of Saab’s commitment to developing future talent and driving innovation across its UK operations.
The two-year programme offers graduates the opportunity to gain hands-on experience with Saab’s cutting-edge technologies, while rotating through core engineering disciplines. With four placements available across Hardware, Software, and IT Engineering, the scheme is designed to provide a broad foundation for a career in advanced defence and security solutions.
Graduates will complete four six-month rotations, gaining experience across Saab’s Sensor Systems and Seaeye business units. The programme includes continuous learning opportunities and professional development. Applications are open now and close on 4 January 2026, with assessment centres scheduled for Spring 2026. Successful candidates will join Saab UK in September 2026, based primarily at Fareham, with potential rotations in Farnborough. Read More
NIO Reports November 2025 Delivery Results with 76% Year-on-Year Growth
NIO Inc., a global pioneer in smart electric vehicles, today announced its delivery results for November 2025.
The company delivered 36,275 vehicles during the month, representing a 76.3% increase year-over-year. Deliveries included:
18,393 vehicles from NIO, the company’s premium smart electric vehicle brand
11,794 vehicles from ONVO, the family-oriented smart EV brand
6,088 vehicles from FIREFLY, the small high-end smart electric car brand
As of November 30, 2025, cumulative deliveries reached 949,457 vehicles, underscoring NIO’s continued growth and strong market presence in the global smart electric vehicle sector. Read More
Saab Secures Third MSHORAD Order from Lithuania
Saab has received a third order for its Mobile Short Range Air Defence (MSHORAD) system from the Lithuanian Defence Materiel Agency, with a contract value of approximately SEK 1.4 billion and deliveries scheduled between 2026 and 2030.
Under this order, Saab will deliver a third battery of MSHORAD to the Lithuanian Armed Forces. The system will be integrated into JLTV 4×4 vehicles manufactured by Oshkosh.
MSHORAD is Saab’s vehicle-integrated mobile air defence solution, designed to provide a protective shield for moving units. It combines mobile radar and firing units based on the RBS 70 NG short-range air defence missile and the Giraffe 1X radar, all connected via Saab’s GBAD C2 command-and-control system and secure datalink communications. The system enables rapid detection, identification, and engagement of aerial threats, providing robust protection for deployed forces. Read More
Equinor and Shell have completed a deal to combine their UK offshore oil and gas operations to form a new company. Adura, which launched today, will be the UK North Sea’s largest independent producer. Adura, jointly owned by Shell (50%) and Equinor (50%), combines decades of North Sea expertise into a joint venture that is positioned to deliver a more cost-competitive portfolio and maximize long-term value for UK assets. Read More
Subsea 7 S.A. announced the award of a sizeable contract by Ithaca Energy, for the provision of off-station decommissioning services for the Alba Floating Storage Unit and Greater Stella field FPF-1 production facility, approximately 230 kilometres east of Aberdeen.
This decommissioning scope includes the flushing of the subsea pipelines, provision of diver support vessel services, and seabed clearance.
Project management and engineering will commence immediately at Subsea7’s office in Aberdeen. Offshore activities are scheduled to commence in Q2 2026.
Hani El Kurd, Senior Vice President of UK and Global Inspection, Repair and Maintenance, Subsea7, said: “This award provides an excellent opportunity to further demonstrate the extent of our three decades of full-field proven decommissioning expertise and our capability in delivering complex, safe and effective solutions. Subsea7 is proud of its longstanding relationship with Ithaca Energy, which began in 2008, and looks forward to collaborating closely throughout this project to combine our expertise and ensure its successful delivery.” Read More
RWE Gives Green Light to Pembroke Battery Storage Project, Wales’ Largest UK Storage Development
RWE, the UK’s leading electricity generator and largest power producer in Wales, has taken a final investment decision on its largest UK battery storage project, the Pembroke Battery Storage, valued at approximately £200 million. The development will play a crucial role in supporting the Pembroke Net Zero Centre decarbonisation hub in South Wales.
The project was formally announced by the First Minister for Wales, Eluned Morgan, at the Wales Investment Summit, highlighting the Welsh Government’s commitment to attracting major infrastructure investments that accelerate the nation’s clean energy transition.
The Pembroke Battery project received planning consent in January 2025 and secured a key route to market through the UK’s latest Capacity Market auction. Construction is expected to commence in the first half of 2026, with commissioning and operations projected for the second half of 2028, subject to an updated and timely grid connection.
Located on a 5.1-hectare site south of RWE’s Pembroke Power Station, the facility will feature 212 lithium-ion battery containers. Once operational, it will have the capacity to continually discharge 350 MW of electricity for two hours, equating to 700 MWh of stored energy—enough to power nearly 300,000 typical UK homes for two hours.
The Pembroke Battery project marks a significant milestone in RWE’s commitment to advancing energy storage solutions and supporting a flexible, decarbonised electricity system in the UK. Read More
Meren Energy Inc.reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act. As a result of the issuance of 184,000 common shares pursuant to the exercise of share options, the Company has 675,725,593 common shares issued and outstanding with voting rights as at November 28, 2025. Read More
Harbour Energy to Cut Around 100 Offshore Jobs Amid Ongoing Cost Pressures
Harbour Energy, the UK’s largest oil and gas producer, has announced plans to cut around 100 offshore jobs, adding to the 600 onshore roles already eliminated since 2023. The company, headquartered in Kingswells, Aberdeen, said the latest workforce reduction follows a review aimed at ensuring the business remains competitive. It added that the process has been accelerated by the UK government’s decision to retain the windfall tax on oil and gas profits.
A consultation period with affected offshore staff is now under way.
Harbour Energy stated the cuts reflect lower anticipated production and reduced investment in the UK North Sea sector.
The UK government said it would “do everything to support the workers and communities affected” by the decision. Read More
Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $59.28 | Up |
| Crude Oil (Brent) | USD/bbl | $63.12 | Down |
| Bonny Light 01/12/25 CBN | USD/bbl | $65.51 | Up |
| Dubai | USD/bbl | $64.47 | Up |
| Natural Gas | USD/MMBtu | $4.79 | Up |
| Murban | USD/bbl | $65.07 | Down |
| OPEC basket 26/11/25 OPEC | USD/bbl | $64.27 | Up |
| At press time December 01, 2025 . |
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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