Latest Energy/Automotive news,commentary and analysis | November 05, 2025
London, November 05, 2025, (Oilandgaspress) ––– Tomato Energy a UK energy supplier has today announced it is ceasing to trade.
Tomato Energy supplies around 15,000 domestic customers, and 8,000 non-domestic customers. Under The Supplier of Last Resort (SoLR) safety net, customers’ energy supply will continue and funds that domestic customers have paid into their accounts, including existing credit balances, will be protected. Domestic customers will also be protected by the energy price cap when being switched to a new supplier.
Customers of Tomato Energy will be contacted by their new supplier, which will be allocated by Ofgem in the coming days. . Read More
Golar LNG Limited Interim results for the period ended September 30, 2025
Golar LNG Limited reports Q3 2025 net income attributable to Golar of $31 million, Adjusted EBITDA1 of $83 million and Total Golar Cash1 of $661 million, before bond offering proceeds in October 2025.
Entered the U.S. rated bond market with $500 million of 5-year 7.5% senior unsecured notes (the “Notes”) on October 2, 2025.
Repaid $190 million outstanding principal balance of the $300 million 2025 maturing 2021 Unsecured Bonds on October 20, 2025.
Gimi operations normalize following post-COD equipment tuning. Daily production is now frequently exceeding base capacity.
Seatrium shipyard selected for FLNG Hilli (“Hilli”) re-deployment scope between current contract in Cameroon and commencement of her 20-year contract in Argentina.
Final Investment Decision (“FID”) and successful satisfaction of all remaining conditions precedent for 20-year MKII FLNG charter to Southern Energy S.A. (“SESA”), confirming $8 billion of Adjusted EBITDA backlog1 before commodity exposure and inflationary adjustments.
Golar’s existing FLNG fleet have all secured 20-year charter agreements and a combined Adjusted EBITDA backlog1 of $17 billion (Golar’s share) before commodity exposure and inflationary adjustments.
Ramping up focus on next FLNG unit on the back of fully contracted existing FLNG fleet and strong development of commercial pipeline.
New $150 million buyback program board approved.
Declared dividend of $0.25 per share for the quarter.
FLNG Hilli: Hilli has offloaded its 142nd cargo. The existing charter contract in Cameroon ends in July 2026. During Q3 2025, Golar selected Seatrium shipyard for the re-deployment scope following the unit’s exit from Cameroon and before starting 20-years of operations in Argentina. Hilli is expected to enter Seatrium’s Singapore yard in the third quarter of 2026 for upgrades and life extension works before arriving in Argentina for its charter with SESA during Q2 2027.
Key commercial terms for Hilli’s 20-year SESA agreement in Argentina include Adjusted EBITDA1 to Golar of $285 million per year, with an additional commodity linked FLNG tariff component of 25% of FOB prices in excess of $8/MMBtu. This will add approximately $30 million of potential annual upside to Golar for every US dollar the achieved FOB price is above the reference price of $8/MMBtu. Read More
GLNG, has declared a total dividend of $0.25 per share to be paid on or around November 24, 2025. The record date will be November 17, 2025.
Due to the implementation of the Central Securities Depository Regulation (“CSDR”), please note the information below on the payment date for the small number of Golar shares registered in Norway’s central securities depository (“VPS”):
Dividend amount: $0.25 per share
Declared currency: USD. Dividends payable to shares registered in the VPS will be distributed in NOK
Last day including right: November 14, 2025
Ex-date: November 17, 2025
Record date: November 17, 2025
Payment date: On or about November 24, 2025. Due to the implementation of CSDR in Norway, dividends payable to shares registered in the VPS will be distributed on or about November 26, 2025. Read More
The new Cayenne Electric benefits greatly from the sports car manufacturer’s experience in Formula E. Some of the technology in the fully electric SUV originate from the Porsche 99X Electric and sets standards in terms of efficiency and performance. Among other things, both cars use direct oil cooling of the electric motor and have a recuperation capacity of up to 600 kW. “Formula E is our development lab for the electromobility of tomorrow.
When it launches the Cayenne Electric, Porsche will not only bring another all-electric model series to the market – it will also transfer a piece of motorsport technology into series production. Numerous innovations are based directly on developments from Formula E, where Porsche is the reigning world champion in both the Teams’ and Manufacturers’ championships. With the Cayenne Electric, the sports car manufacturer is demonstrating that its path to more sustainable mobility does not begin on the drawing board, but on the racetrack. The DC charging power of the Cayenne is up to 400 kW. Fast charging is possible from a battery temperature of 15 degrees Celsius. Up to an SoC of about 55 per cent, the charging power is more than 350 kW – so the fast-charging processes are very robust. Within 10 minutes of charging at a suitable station, more than 300 km of range can be added .Read More
During the period from 27 to 31 October 2025, Eni acquired on the Euronext Milan no. 3,147,279 shares (equal to 0.10% of the share capital), at a weighted average price per share equal to 15.8867 euro, for a total consideration of 50,000,023.53 euro within the treasury shares program approved by the Shareholders’ Meeting on 14 May 2025, previously subject to disclosure in accordance with applicable legislation. Read More
VH Global Energy Infrastructure confirmed the full energisation and commissioning of an additional solar and battery energy storage hybrid system in New South Wales, Australia. The asset comprises a solar PV site with DC-coupled two-hour 4.95MW battery energy storage system situated in New South Wales. The Australian programme is now complete with a total capacity of 37MW/60MWh, across seven assets in NSW, Queensland and South Australia. Read More
Solairus has added almost 50 aircraft to its managed fleet so far in 2025, reflecting ongoing confidence from aircraft owners and flight departments in its management model and personalised approach to service.
Since January, the company has expanded across multiple categories and operating bases nationwide, adding 28 large and ultra long-range jets, eight large long-range jets, five super mid-size jets, three light jets and several helicopters and turboprops.
Among the new arrivals are a Gulfstream G800, soon to be available for charter from Stewart International Airport in New York, a Global 7500 based at San Jose Mineta International Airport in California and several Gulfstream G700 and G650ER aircraft operating from Boston, the San Francisco Bay Area and Palm Beach. Read More
The UK is facing a “growing oil and gas emergency”, Conservative leader Kemi Badenoch declared as her party launched a campaign aimed at getting Britain “drilling again”.
She said action is needed because of “Labour’s inability to put our national interest first”, claiming UK Government policies could put the future of the country’s oil and gas sector “at serious risk”. She challenged the Prime Minister to “find the backbone to ditch Ed Miliband’s net zero fanaticism”, claiming this is hiking energy bills.
Mrs Badenoch demanded the UK Government ends the moratorium on new oil and gas licences, and called on Chancellor Rachel Reeves to scrap the Energy Profits Levy – also known as the windfall tax – in her Budget later this month. Read More
Automobili Lamborghini inaugurates its new Selleria at its Sant’Agata Bolognese factory. The beating heart of the brand’s craftsmanship, the Selleria – or ‘saddlery’ – where its upholstery and interiors are created, has been expanded and entirely renewed, and accompanies the broader industrial reform of a next-generation production line constructing Revuelto[1] alongside new Temerario[2]: the super sports car that marks the complete hybridisation of the Lamborghini model range.
The redefined Selleria occupies 2,600 square metres compared with the previous 1,400, integrating new technologies and improving workstation ergonomics to ensure efficiency and manufacturing quality with handcrafted excellence always at the center of operations. The number of machines has been doubled, with production flows optimized to support the new Temerario’s volumes as well as deliver an even higher level of personalisation in every aspect of a Lamborghini’s interiors. Selleria is home to 170 specialised artisans: increasingly rare, highly-skilled professionals, who handcraft the interior of each Lamborghini that is destined to become an ambassador of Made in Italy on a global scale. Precious materials such as leather in myriad colors and microfibre are worked to flawlessly deliver the specification of every car, including an extremely high level of customisation demanded by the Ad Personam personalization programme that is chosen by over 94% of Lamborghini clients.
An automatic leather gluing system has been introduced for the first time, capable of adapting the amount of adhesive to the volume of material and reducing waste and emissions: a concrete example of how technology can support manual craftsmanship without diminishing its value. Read More
Tesla’s sales volume in Germany more than halved in October from the same month last year, the German road traffic agency KBA said on Wednesday, although sales of battery electric vehicles rose overall. KBA said Tesla sold 750 cars in Germany in October, down by 53.5% from a year earlier. The number of Teslas sold in the January-October period dropped 50.4% to 15,595 units, compared with the same period last year. Tesla saw October sales plunge in a number of European countries including Spain, the Netherlands and Nordic markets in the latest sign that the U.S. electric vehicle maker’s struggles on the continent continue. Read More
BYD has achieved a historic breakthrough in the UK’s electric vehicle market, with sales surging more than fivefold this year, establishing a significant lead over Tesla. According to data released by a UK automotive industry organization on Wednesday, BYD’s new vehicle registrations in the UK in October were nearly seven times those of Tesla. Year-to-date, BYD has sold 39,103 units in the UK, a more than fivefold increase compared to the same period last year, while Tesla’s sales declined by 4.5% to 35,455 units. . Read More
The UK new car market remained stable in October as registrations rose 0.5% to reach 144,948 units, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT).
Registrations by fleets declined slightly, falling -1.5%, but the decline was offset by a small increase in registrations by private buyers, up 2.0%. Business registrations rose by 32.7% although, as a very small volume portion of the market, this sector is always subject to volatility.
Electrified vehicles were the only powertrain technologies to record growth, largely driven by battery electric vehicle (BEV) uptake, registrations of which rose by 23.6%, equivalent to 7,028 additional units. As a result, BEVs took a 25.4% market share, the second highest recorded this year, although still short of the 28% target set by the ZEV Mandate. Plug-in hybrid vehicle (PHEV) uptake rose 27.2% to account for 12.1% of the market, while hybrid electric vehicles (HEV) posted growth of 2.1% to claim a 13.3% share. Combined, electrified vehicles comprised the majority of new car registrations for the second consecutive month, with 50.8% of the market.
.While October’s growth was more modest, year to date the overall BEV market is now up 28.9%, at 386,244 units – more than registered in the whole of 2024 – with two months still to go before the year ends. BEVs now account for 22.4% of all new sales, thanks to massive manufacturer investment and, more recently, government support through the Electric Car Grant.
| October | |||||
|---|---|---|---|---|---|
| 2025 | 2024 | % change | Mkt share ’25 | Mkt share ’24 | |
| BEV | 36,830 | 29,802 | 23.6% | 25.4% | 20.7% |
| PHEV | 17,601 | 13,832 | 27.2% | 12.1% | 9.6% |
| HEV | 19,250 | 18,862 | 2.15% | 13.3% | 13.1% |
| PETROL | 64,360 | 72,831 | -11.6% | 44.4% | 50.5% |
| DIESEL | 6,907 | 8,961 | -22.9% | 4.8% | 6.2% |
| TOTAL | 144,948 | 144,288 | 0.5% |
The latest quarterly industry outlook anticipates the overall new car market for 2025 will top two million units (2.012 million) for the first time since pre-pandemic 2019, with BEVs expected to account for 23.3% of uptake. For 2026, the overall market is expected to reach 2.032 million units, a moderate improvement on the previous outlook, with the BEV outlook maintained at 28.2%. While this would represent exceptional progress, it would still fall short of mandated targets for 2026, which call for zero emission vehicles to comprise one in three new car registrations. The gap is set to widen in 2027, with BEV share anticipated to hit 32.2% against a 38% target.1 . Read More
UK deliveries of new light commercial vehicles (LCVs) fell by -15.1% in October with 22,896 vans, pickups and 4x4s registered, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). The decline follows a robust September market and reflects a contraction in fleet renewal across 2025, down -10.2% to 264,160 units in the year to date, amid weak business confidence and a tough economic environment.
Declines were recorded across all van sizes during the month, with volumes of the largest LCVs down -7.0% to 16,443 units but still representing the majority (71.8%) of the overall market. Registrations of new medium- and small-sized vans also fell, by -41.2% and -23.4% to 3,347 and 523 units respectively. There was growth in the smaller-volume 4×4 segment, with registrations up 88.0% to 440 units. Demand for new pickups, however, declined by -20.2% to 2,143 units, reflecting the impact of new fiscal measures to treat double cabs as cars for benefit in kind and capital allowance purposes. Read More
Baker Hughes Rig Count: International -3 to 1076, :U.S. -4 to 546 Canada -12 to 187
U.S. Rig Count is down 4 from last week to 546 with oil rigs down 6 to 414, gas rigs up 4 to 125 and miscellaneous rigs down 2 to 7.
Canada Rig Count is down 12 from last week to 187, with oil rigs down 11 to 127, gas rigs down 1 to 60 and miscellaneous unchanged at 0.
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 31, 2025 | 546 | -4 |
| Canada | October 31, 2025 | 187 | -12 |
| International | September 2025 | 1084 | +8 |
Baker Hughes |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Victor Cole , victor@oilandgaspress
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