Latest Energy/Automotive news,commentary and analysis
WTI Crude • $58.29/BBL +1.05 +1.83%
Brent Crude • $62.40/BBL +1.08 +1.76%
Murban Crude • $64.49/BBL +1.28 +2.02%
Natural Gas $3.453
London, October 22, 2025, (Oilandgaspress) –––The Trump administration is taking advantage of low oil prices and buying 1 MMbbl to start refilling the nation’s depleted emergency crude supply. The U.S. Strategic Petroleum Reserve is currently only around 60% full
The Energy Department announced Tuesday that it plans to buy oil for delivery in December and January, using a portion of the $171 million from President Donald Trump’s signature tax and spending law allotted for crude purchases. The reserve’s levels were sharply reduced under President Joe Biden, when gasoline prices spiked following Russia’s invasion of Ukraine. The drawdown of some 180 MMbbls in 2022 cost about $280 million and delayed maintenance, according to the Energy Department. Bids for the Energy Department’s 1 MMbbl solicitation are due no later than 11:00 a.m. CT on Oct. 28, the agency said. The purchases will be through a spot-price-indexed contract. Read More
Vår Energi ASA reports strong third quarter results with transformational growth delivered ahead of schedule and a pipeline of new projects being progressed for long-term value creation.
Production milestones met ahead of schedule
Average fourth quarter production expected ~430 kboepd
Jotun FPSO reached peak production in September
Adding ~180 kboepd at peak from new projects in 2025, 7 out of 9 projects on stream
Derisked outlook with key projects delivered
Solid financial performance
Significant cash flow from operations of USD 1.2 billion
Reduced net debt and USD 3.6 billion of available liquidity
Unit production cost expected around USD 10 per boe in the fourth quarter of 2025
18% of third quarter gas volumes sold at USD 90 per boe
Unlocking long-term future value creation
Expected to sanction ten projects in 2025
Increasing ownership in Ekofisk Previously Produced Fields project adding high value barrels
Delivering predictable and attractive dividends
Third quarter dividend of USD 300 million (NOK 1.211 per share) will be distributed 25 November¹
Full year dividend guidance for 2025 and 2026 of USD 1.2 billion. Read More
Vår Energi ASA (OSE: VAR) on 21 October 2025 regarding the notice of an extraordinary general meeting (“EGM”), to be held on 11 November 2025 to approve a dividend of NOK 1.211 per share, NOK 3 023 147 964 in total, equivalent to USD 300 million, relating to Q3 2025.
Dividend amount: 1.211
Announced currency: NOK
Last day including right: 14 November 2025
Ex-date: 17 November 2025
Record date: 18 November 2025
Payment date: 25 November 2025
Date of approval: 11 November 2025
The dividend will, subject to approval by the EGM, be paid in NOK, and the NOK dividend amount is based on the daily exchange rate published by Norges Bank 20 October 2025 approximately at 1600 CEST. Read More
Petrobras received today (20/10) the operating license from Ibama for drilling an exploratory well in block FZA-M-059 , located in deep waters of Amapá , 500 km from the mouth of the Amazon River and 175 km from the coast , on the Brazilian Equatorial Margin .
The rig is currently at the well site, and drilling is scheduled to begin immediately, with an estimated duration of five months . Through this exploratory survey , the company seeks to obtain more geological information and assess whether the area contains oil and gas on an economic scale . There is no oil production at this stage. Petrobras met all requirements established by Ibama , fully complying with the environmental licensing process . As a final stage of the evaluation, the company conducted an on-site simulation in August, called a Pre-Operational Assessment (APO) , through which Ibama verified Petrobras’ capabilities and the effectiveness of its emergency response plan. . Read More
The National Bank for Economic and Social Development (BNDES) , Petrobras and the Study and Project Financing Agency (Finep) announced this Monday, October 20, that the manager Valetec was selected in first place in the public call for the selection of a manager for structuring the Equity Investment Fund in the Energy Transition and Decarbonization sectors (FIP Energy Transition) .
The consortium of Ahead Ventures and Aecom came in second, and Lightrock came in third. Once this stage is complete, the winning proposal will participate in the final round of negotiations on the Fund’s contractual terms and regulations, as well as legal due diligence.The call for proposals, announced in June 2025, stipulates that the fund will have a target capital of R$500 million, with a minimum initial capital of R$240 million. BNDES Participações SA (BNDESPAR), a wholly-owned subsidiary of BNDES, must commit a minimum of R$50 million and a maximum of R$125 million, capped at 25% of the fund. Petrobras must contribute up to R$250 million, capped at 49% of the fund, and Finep, with resources from the FNDCT, must provide up to R$60 million for the FIP. In addition to the anchor shareholders, the fund has the potential to receive contributions from other investors interested in the target sectors. Read More
Petrobras , in continuation of the statement released on July 23 , 2025, informs that it signed with PPSA (Pré-Sal Petróleo SA) the Expenditure and Volume Equalization Agreement (AEGV) , resulting from the Production Individualization Agreement (AIP) of the Jubarte Pre-Salt Shared Deposit .
Petrobras owes PPSA R$1.54 billion, payable in a single installment by the end of October. Of this total, R$1.47 billion was already provisioned in the 2Q25 financial statements, as per Note 17.4 regarding Production Individualization Agreements.
The negotiation process for equalization between Petrobras (Jubarte) and Argonauta’s partners – Shell Brasil Petróleo Ltda., Enauta Petróleo e Gás Ltda. (Brava) and ONGC Campos Ltda. – is ongoing and will be disclosed to the market upon its completion.
As announced on July 23, 2025, the approval of the Jubarte Pre-Salt AIP by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) resulted in the definition of the proportional shares of each of the companies in the shared deposit, as follows:
Petrobras 97.250%
Shell 0.430%
Brava 0.198%
ONGC 0.232%
Union (represented by PPSA) 1.890% Read More .
In the first week of October, Petrobras’ Henrique Lage Refinery (Revap) in São José dos Campos, São Paulo , produced asphalt with renewable content on a large scale for the first time in Brazil , combining mineral streams with plant-based components. Approximately 3,000 tons of product were produced and sold , maintaining the performance of conventional asphalt and reducing the environmental impact of paving.
CAP Pro R , a new asphalt with renewable content, is composed of a vegetable oil with specific characteristics that give the product properties suitable for paving and industrialization, in addition to great synergy with the refining of national oils. Pre-production tests were conducted at Petrobras’ Research, Development and Innovation Center (CENPES) , and the product was successfully applied to roads at Cidade Universitária , on Ilha do Fundão, Rio de Janeiro .The renewable-content asphalt produced at Revap is now part of Petrobras ‘ CAP Pro asphalt line . These products are more sustainable and offer solutions for a low-carbon future , in addition to meeting the requirements of the National Agency of Petroleum, Natural Gas, and Biofuels (ANP). . Read More
NNPC Ltd. has released its Monthly Report Summary for September 2025.
The report highlights key figures, including crude oil and condensate production, natural gas output, revenue, profit after tax, strategic initiatives during the period
Nigerian National Petroleum Co Ltd (NNPC) averaged 1.37 million barrels per day (MMbpd) in crude production in the first three quarters, according to provisional figures published on Tuesday.
September’s oil output of 1.37 MMbpd represented the third consecutive month of decline, according to NNPC’s monthly report.
Crude Oil & Condensate Production (mmbopd) 1.61
Statutory Payments – Jan to Aug (NGN Billion) 10,073
Natural Gas Production (mmscf/d) 6,284
Revenue (NGN Billion) 4,269
** Profit After Tax (NGN Billion) 216
NRL Stations – PMS availability 77%
NNPC sold 17.81 million barrels of crude September, down for the second consecutive month.
Its natural gas production and sales stood at 6.28 billion standard cubic feet a day (Bscfd) and 3.44 Bscfd in September respectively, both down for the second consecutive month. Read More
Daimler Truck AG (Daimler Truck), Hamburger Hafen und Logistik AG (HHLA), and Kawasaki Heavy Industries Ltd. have signed a Memorandum of Understanding (MoU) at the international trade fair “Hydrogen Technology World Expo” in Hamburg. The partnership aims to explore the development of a reliable and cost-effective supply chain for green liquid hydrogen via the Port of Hamburg to the European hinterland.
This collaboration is designed to enable the import of liquid hydrogen from hydrogen-producing countries to Germany, reinforcing Hamburg’s role as a hub for sustainable energy logistics. Over the coming months, the partners will assess the logistical requirements for transshipment and onward transport by road and rail. The initiative also seeks to attract additional companies and institutions to form a consortium that spans the entire hydrogen value chain. The signing of the MoU underscores the strategic importance of liquid hydrogen for the energy transition and the transformation of European industry. The partners bring complementary expertise to the table: Kawasaki Heavy Industries as an experienced technology provider in the field of hydrogen infrastructure, HHLA as a European network logistics provider, and Daimler Truck as a global commercial vehicle manufacturer with a focus on CO2-neutral battery-electric and hydrogen-based drive systems.
The Kawasaki Group is implementing innovative solutions with the objective of addressing societal challenges set forth in Group Vision 2030 which defines its three focal fields as “A Safe and Secure Remotely-Connected Society,” “Near-Future Mobility,” and “Energy and Environmental Solutions,” and providing new customer value. With its focus fixed on the realization of hydrogen-based societies in which hydrogen is proactively utilized, as detailed in the Basic Energy Plan of Japan, Kawasaki is working together with government agencies and related companies, both in Japan and overseas, to develop technology for the early establishment of a hydrogen supply chain from production to transportation, storage, and usage. A key part of this strategy is the commissioning of liquid hydrogen (LH2) carrier ships in different sizes (small, medium and large) with up to 160,000 m3 of liquid hydrogen on board and in the future ships comparable to today’s LNG carriers. Read More
Baker Hughes Rig Count: International -3 to 1076, :U.S. +1 to 548 Canada +5 to 198
U.S. Rig Count is up 1 from last week to 548 with oil rigs unchanged at 418, gas rigs up 1 to 121 and miscellaneous rigs unchanged at 9.
Canada Rig Count is up 5 from last week to 198, with oil rigs up 7 to 136, gas rigs down 2 to 61 and miscellaneous unchanged at 1.
International Rig Count is up 8 from last month to 1,084 with land rigs up 8 to 841, offshore rigs unchanged at 243
The Worldwide Rig Count for August was 1,793, up 7 from the 1,786 counted in July 2025, and down 153, from the 1,946 counted in July 2024.
| Region | Period | Rig Count | Change |
| U.S.A | October 17, 2025 | 548 | +1 |
| Canada | October 17, 2025 | 198 | +5 |
| International | September 2025 | 1084 | +8 |
Baker Hughes |
At this year’s BVL-Supply Chain CX logistics congress at the Estrel Berlin, Mercedes-Benz CharterWay will be presenting its latest integrated mobility solutions with a special highlight: the all-electric Mercedes-Benz eActros 600. From a flexible daily rental model to long-term fleet use, Mercedes-Benz CharterWay offers an all-round carefree package for fleet operators and logistics companies.
With the new all-electric eActros 600 from Mercedes-Benz and the integrated mobility concept from Mercedes-Benz CharterWay, logistics companies will have efficient and sustainable access to e-mobility. The eActros 600 offers a range [1] of up to 500 kilometres, supported by a powerful 621 kWh battery [2] and modern assistance systems for maximum safety in daily use.
CharterWay combines financing, insurance and service in a complete package that minimizes investment risks through transparent cost structures and at the same time enables easy and risk-free access to locally emission-free transports. Read More
With the Mercedes‑Benz Fleet Pilot, commercial customers receive a ready-to-use solution for efficient fleet management. The web-based platform offers real-time data and consolidates all relevant fleet key figures into clear dashboards, graphics, and tables. Fleet managers gain maximum transparency, providing the foundation for process optimisation and cost reduction. Useful services such as precise location tracking, detailed route display and early maintenance alerts can be booked flexibly. Mercedes‑Benz Fleet Pilot enhances the digital customer experience, offering more safety and efficiency for every fleet.
The Mercedes‑Benz Fleet Pilot has replaced the “connect business” portal. Existing users were gradually migrated free of charge to the new portal. New customers can test Mercedes‑Benz Fleet Pilot free of charge with their own fleet vehicles until the end of the following month after registration. The fleet portal is currently available in Germany, Austria, Switzerland, France, Italy, the United Kingdom, Belgium and the Netherlands. The expansion to additional European markets is planned..With Mercedes‑Benz Fleet Pilot, users gain access to four extended services that can be independently activated flexibly at vehicle level. The “Tracking & Geofencing” service provides precise information about vehicle location. Customers can create customisable geofences (a virtual boundary defined on a map that triggers an alert or action when a vehicle enters or exits the specified area) for vehicle groups and gain insight into all relevant events. Access to historical data offers additional analysis options for secure and efficient fleet management. Read More
During the period from 13 to 17 October 2025, Eni acquired on the Euronext Milan no. 3,376,122 shares (equal to 0.11% of the share capital), at a weighted average price per share equal to 14.8099 euro, for a total consideration of 49,999,986.71 euro within the treasury shares program approved by the Shareholders’ Meeting on 14 May 2025, previously subject to disclosure in accordance with applicable legislation.
On the basis of the information provided by the intermediary appointed to make the purchases, here below a synthesis of transactions for the purchase of treasury shares on the Euronext Milan on a daily basis: Read More
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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