04 Feb Energy / Automotive newstrack| WTI Crude Oil Price $63.33/bbl,
(Oilandgaspress) Oil and gas prices Up as markets remain hostage to geopolitical-driven uncertainty, as mixed signals on India, Russian crude,US, Ukraine, Venezuela collide with speculation around U.S.–Iran nuclear talks added to the mix..
| Oil and Gas Blends | Units | Oil Price (pm 04/02/26) | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $63.33. | Up |
| Crude Oil (Brent) | USD/bbl | $67.52 | Up |
| Bonny Light 03/02/26 CBN | USD/bbl | $68.27 | Down |
| Dubai | USD/bbl | $61.97 | Down |
| Natural Gas | USD/MMBtu | $3.43 | Up |
| Murban | USD/bbl | $68.23 | Up |
| OPEC basket 03/02/26 OPEC | USD/bbl | $65.23 | Up |
| At press time February 04, 2026 |
Sky News has learnt that Shell has concluded a consultation with its largest shareholders which could result in Wael Sawan, chief executive, earning at least £4.5m more every year. Investor sources said that Shell, which will report fourth-quarter and full-year results on Thursday, had drawn up plans to grant Mr Sawan a long-term incentive stock award worth up to nine times his base salary of £1.535m.. Related News
SpaceX confirmed on Monday that it has acquired xAI, formally combining two of Elon Musk’s most ambitious ventures and creating what could become the world’s most valuable private company.
The deal brings together a rocket-and-satellite giant with a fast-growing artificial intelligence firm at a time when global demand for computing power is accelerating.
The announcement follows months of speculation about deeper ties between his companies and signals a sharper focus on using AI to shape the future of space operations. . Related News
OrbitMI, a leading provider of maritime SaaS software, announced the appointment of Andrew Redfern as Sales Director for the Nordic & Americas region. In this role, Redfern will lead OrbitMI’s commercial growth across Northern Europe, working closely with shipowners, operators, and commercial teams to deliver measurable operational and financial results.
Redfern brings more than a decade of experience spanning maritime technology, commercial strategy, and financial analysis. Most recently, he served in senior sales leadership roles at ZeroNorth, where he led sales across Northern Europe and the Americas and played a key role in scaling digital bunker and voyage-related solutions. Prior to that, he held positions in business innovation and analytics at Swire Bulk and Western Bulk, building a strong foundation in vessel economics, performance analysis, and customer-facing commercial work. .Related News
The board of directors of Ford Motor Company today declared a first-quarter regular dividend of 15 cents per share on the company’s outstanding common and Class B stock. The dividend is payable on March 2 to shareholders of record at the close of business on Feb. 13. Related News
Ford and Geely are reportedly in discussions about a potential partnership, eight people with knowledge of the ongoing talks said, as the world’s carmakers look to share heavier technology and manufacturing costs. The companies are in talks to have Geely use Ford factory space in Europe to produce vehicles for the region, three people familiar with the matter said. They also have discussed the potential framework for shared vehicle technologies, including for automated driving, according to two different people with knowledge of the talks. .Related News
Mitsubishi Heavy Industries, Ltd. announced that order intake increased 12.6% year-on-year to ¥5,029.1 billion in the three quarters ended December 31, 2025. Revenue rose 9.2% year-on-year to ¥3,326.9 billion, resulting in profit from business activities (business profit) of ¥301.2 billion, a 25.5% increase over the previous fiscal year, which represented a business profit margin of 9.1%. Profit attributable to owners of parent (net income) was ¥210.9 billion, an increase of 22.6% year-on-year, with a net income margin of 6.3%. EBITDA was ¥393.1 billion, a 21.0% increase over Q1-3 FY2024, with an EBITDA margin of 11.8%. Related News
During the period from 26 to 30 January 2026, Eni acquired on the Euronext Milan no. 2,345,145 shares (equal to 0.07% of the share capital), at a weighted average price per share equal to 17.0565 euro, for a total consideration of 39,999,997.67 euro within the treasury shares program approved by the Shareholders’ Meeting on 14 May 2025, previously subject to disclosure in accordance with applicable legislation..Related News
Bentley to partner with CSR2 to bring the brand new Supersports coupé to the popular racing game. Setting a new standard in visuals, CSR2 delivers hyper-real drag racing to players mobile devices. The recently launched Bentley Supersports will be the tenth Bentley to join the extensive range of supercars available to race.
Using outstanding 3D rendering techniques, CSR2 features the most beautiful and authentic visuals, including meticulously detailed interiors. Bentleys available currently include the Continental GT3R, the Batur and Batur Convertible, Continental GT Speed and even the Bentayga. Read More
Estonia has launched the largest battery park in Europe, with a capacity of 100 MW. Its experience will be key in protecting Ukraine’s energy system from blackouts and attacks, according to ERR. The largest battery park in continental Europe was inaugurated in Kiisa. It will help ensure the stability of electricity supply and smooth out price fluctuations. It is also the largest private investment in the Estonian energy sector. The Evecon battery park in Kiisa consists of 54 containers, inside which there are lithium-ion batteries with a total capacity of 100 megawatts. They are able to store electricity and give it back to the grid when the need arises. At the same time, the system will be able to provide electricity to about 90,000 households, reports “Actual Camera”.
As Europe rapidly shifts to green energy, Estonia has taken a historic step that could serve as a roadmap for safeguarding Ukraine’s energy system. Related News
Aramco announced that it has successfully completed a $4 billion issuance of bonds across four tranches under its Global Medium Term Note Program.
The tranches include: $500 million senior notes maturing in 2029 with a coupon rate of 4.0%;
$1.5 billion senior notes maturing in 2031 with a coupon rate of 4.375%;
$1.25 billion senior notes maturing in 2036 with a coupon rate of 5.0%; and
$750 million senior notes maturing in 2056 with a coupon rate of 6.0%.
The transaction was priced on January 26, 2026, and the notes were listed on the London Stock Exchange. Related News
Baker Hughes Rig Count: International -8 to 1,065, U.S.U.S. +1 to 544 Canada +5 to 231
U.S. Rig Count is up 2 from last week to 546 with oil rigs unchanged at 411, gas rigs up 3 to 125 and miscellaneous rigs down 1 to 10.
Canada Rig Count is up 1 from last week to 232 with oil rigs down 2 to 156, gas rigs up 3 to 76 and miscellaneous unchanged at 0.
International Rig Count is down 8 from last month to 1,065 with land rigs down 2 to 845, offshore down 6 to 220.
The Worldwide Rig Count for December was 1,783, down 30 from the 1,812 counted in November 2025, and down 82, from the 1,865 counted in December 2024.
| Region | Period | Rig Count | Change |
| U.S.A | 30 January 2026 | 546 | +2 |
| Canada | 30 January 2026 | 232 | +1 |
| International | December 2025 | 1065 | -8 |
| Baker Hughes |
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