Latest Energy news,commentary and analysis | November 13, 2025
WTI Crude (December Contract) US$58.63
London, November 13, 2025, (Oilandgaspress) –––The highly experienced climate diplomacy expert, German Environment Secretary of State Jochen Flasbarth, has been tasked by the Brazilian host with advancing negotiations on the crucial topic of adaptation, alongside Gambian Environment Minister Rohey John Manjan, and mediating between various country groups. Read More
Ampere and Centrale Nantes strengthen their technological partnership with the launch of the 3rd phase of their joint research chair
The first two phases of the chair led to major scientific breakthroughs. The research conducted enabled the development and validation of numerous control and optimization algorithms.
This 3rd phase will focus on propulsion systems, energy management, and diagnostics for electric vehicles (EVs).
It is structured around 3 strategic research areas: improving the autonomy, efficiency, and driving comfort of electric vehicles; making the vehicle an active player in the power grid; and finally, extending the lifespan of the vehicle’s critical components through diagnostics, prognostics, and predictive optimization. .. Read More
ADIPEC 2025 delivered US$46 billion (AED168.8 billion) through 35,000 cross-sector deals and brought together a record number of attendees, with more than 239,000 people from 172 countries, reaffirming UAE’s convening power and role as a global hub for energy, partnerships and innovation.
At ADIPEC, ADNOC announced a series of agreements aimed at driving international growth through XRG, harnessing artificial intelligence (AI) and maximising value for the UAE. His Highness commended ADNOC for these milestones and underlined the importance of remaining competitive in a rapidly evolving global energy landscape.
ADNOC’s announcements included a contract awarded by TA’ZIZ to build the UAE’s first integrated single-site polyvinyl chloride (PVC) production complex. XRG also entered into a framework agreement with Argentina’s YPF and Italy’s Eni to evaluate participation in an integrated liquefied natural gas (LNG) project in Argentina. Read More
Repsol SA is considering a reverse merger of its upstream unit with potential partners, including U.S. energy producer APA, Bloomberg News reported on Thursday, citing people with knowledge of the matter.
Repsol agreed in 2022 to sell a 25% stake in the upstream division to private equity firm EIG Global Energy Partners LLC in a deal valuing the business at $19 billion including debt, the report said . Read More
Emissions from fossil fuels are set to reach a record high in 2025, according to new research published on Thursday. The annual Global Carbon Budget Report says that though decarbonisation of energy systems is progressing in many countries, it isn’t enough to offset the growth in global energy demand. Fossil fuel emissions will be 1.1 per cent higher in 2025 than they were a year ago, according to an international team of more than 130 scientists, as coal, oil and gas emissions are all set to rise. With no sign of the urgently needed decline in global emissions, its authors say, the level of CO2 in the atmosphere and the dangerous impacts of global warming continue to increase. . Read More
Enel: international activities drive the growth of Group results in the nine months of 2025
Revenues: 59,702 million euros (57,634 million euros in the nine months of 2024, +3.6%)
The change is mainly attributable to greater commodity sales on the wholesale market, in a context of increasing average prices
· Ordinary EBITDA: 17,262 million euros (17,109[1] million euros in the nine months of 2024, +0.9%)
The reduction of margins in Italy, both in retail due to lower average prices applied to end customers and in generation, mainly due to the lower hydro availability, was more than offset by the positive contribution of Spain and of Colombia; overall, the positive operating performance in Latin America offset the negative exchange rate effect
· Group net ordinary income: 5,703 million euros (5,455[2] million euros in the nine months of 2024, +4.5%)
The change, under the same scope of consolidation between the two periods under comparison, is mainly attributable to the positive performance of ordinary operations, as well as to lower financial expenses related to the lower gross financial debt alongside the decrease of the average cost of said debt
· Net financial debt: 57,535 million euros (55,767 million euros at the end of 2024, +3.2%)
The positive cash flows generated by operations, the positive net effects of the new issues of non-convertible subordinated perpetual hybrid bonds and the positive effect of exchange rate evolution on debt partially offset the financial needs associated with capital expenditure, with the payment of dividends, with the purchase of treasury shares by Enel S.p.A. and Endesa S.A. as well as with the extraordinary transactions carried out during the period
· EBITDA: 16,870 million euros (16,923[3] million euros in the nine months of 2024)
· Group net income: 5,236 million euros (5,251[4] million euros in the nine months of 2024)
· Approval of interim dividend for 2025 of 0.23 euros per share (+7% compared to the 2024 interim dividend), in payment from January 21st, 2026
The dividend policy, in line with the 2025-2027 Strategic Plan, foresees a fixed minimum dividend per share of 0.46 euros for 2025, and a potential increase of up to a 70% payout on Group net ordinary income
· In 2025, Group ordinary EBITDA is expected to be in the guidance range between 22.9 billion and 23.1 billion euros and Group net ordinary income is expected to be slightly above the high end of the guidance range (between 6.7 billion and 6.9 billion euros) Read More
Dozens of workers who were deported back to South Korea after being arrested during an ICE raid on a Hyundai factory in Georgia have returned to the plant after having their visas reissued, according to reports. Around 30 employees have begun work again at the battery plant, owned by Hyundai and LG Energy, after being picked up in early September in what Homeland Security described as its largest ever raid. Around 180 people who had been working in the U.S. on B-1 business visas have now had them restored, lawyers for the workers confirmed to The New York Times. It comes as around 200 of those detained in the raid prepare to file a class action lawsuit against ICE, which alleges racial discrimination, excessive use of force and even human rights violations during the arrests and detention. Read More
Ukraine’s army launched a massive overnight bombardment of Russia on Wednesday, as it continued its attacks on vital energy infrastructure in the country. Kyiv has stepped up its aerial assaults in recent months, as it attempts to disrupt Vladimir Putin’s war machine.
As art of the carefully calibrated campaign, oil depots and military-industrial sites have been repeatedly hit, causing extensive damage. In the latest incident, a massive fire ripped through a petrochemical plant in Nizhnekamsk, Tatarstan. The blaze broke out at one of the production units of the Nizhnekamskneftekhim enterprise. An oil depot near Berdiansk in occupied Zaporizhzhia region was hit, as were a number of Russian forward command posts.
Additionally, Crimea came under sustained bombardment, where an oil terminal in Feodosiya and the Kirovskw airfield were targeted. Read More
In the first half of 2025, electricity prices for households ranged from €6.2 per 100 kWh in Turkey to €38.4 in Germany, Eurostat figures show. The average for the 38 European countries, including EU members, candidate nations and EFTA states, stood at €28.7. Western Europe recorded the highest nominal prices, with Belgium (€35.7) and Denmark (€34.9) close behind Germany. Prices also exceeded €30 in Italy, Ireland and Czechia.
By contrast, most Eastern European and EU candidate countries reported far lower rates.
Electricity cost under €10 per 100 kWh in Turkey, Georgia, Kosovo, Bosnia and Herzegovina, and Montenegro.
Among EU members, Hungary (€10.4) had the lowest electricity price, while Spain (€26.1) and France (€26.6) remained below the EU average. Read More
On 5 November 2025, Vestas announced the initiation of a share buy-back programme, cf. Company Announcement No. 24/2025. The programme is implemented in accordance with Regulation No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and the Commission Delegated Regulation (EU) 2016/1052 (the “Safe Harbour Regulation”).
Prior to the share buy-back, Vestas held 12,357,143 treasury shares, equal to 1.2 percent of the share capital.
Under the programme, Vestas will buy back shares for an amount up to DKK 1,120m (approx. EUR 150m) in the period from 6 November 2025 to 17 December 2025. The following transactions have been made under the programme during the period 6 November to 12 November 2025: Read More
John Crane, a global leader in rotating equipment solutions and a business of Smiths Group plc, today unveiled John Crane Performance Plus™ – a next-generation modular service framework that optimises and drives measurable performance improvements.
According to Deloitte, unplanned downtime costs industrial manufacturers an estimated $50 billion every year, with equipment failure accounting for over 40% of those losses. As industries face mounting pressure to maximise asset performance, reduce emissions, and meet stricter regulatory and sustainability targets, the launch of John Crane Performance Plus™ marks a decisive step forward in helping them operate smarter, safer and more efficiently.
A Framework Built for Measurable Impact
Led by John Crane’s global network of engineers across more than 200 facilities in 50 countries. John Crane Performance Plus™ unites local expertise with global reach to deliver tailored service solutions that adapt to every customer’s operational reality. At its core, the framework combines data driven monitoring, expert consultancy and hands-on training to help customers reduce downtime, boost reliability and strengthen long-term resilience. Central to this approach are John Cranes Seal Reliability Management contracts, long-term service agreements designed to help customers achieve continuous reliability improvement and predictable maintenance costs through proactive seal monitoring and support.
Through advanced diagnostics tools such as John Crane Sense® Turbo, the company has already delivered more than 1 million hours of active remote monitoring in the field, proving the real-world benefits of predictive maintenance and digital innovation in turbomachinery. Alongside this technology-led insight, John Crane’s technical specialists provide practical, data-backed advice to simplify complex maintenance decisions and enable customers to make smarter, faster and more sustainable choices. Complementing this, the framework training and upskilling programme ensures that customer teams are equipped with the knowledge and confidence to maintain performance, safety and efficiency for the long term. Read More
Kent, a global leader in integrated engineering and energy solutions, today announced the rebrand of Sudlows Consulting to Kent Data Centres, marking the full integration of the data centre engineering specialist into the Kent family.
The rebrand signals Kent’s strategic expansion into the rapidly growing data centre sector — uniting two leaders under one global brand to deliver smarter, stronger, and more sustainable digital infrastructure for the world’s evolving technology landscape.
A Unified Force for Digital Transformation
Since joining Kent earlier this year, Sudlows Consulting has become a cornerstone of Kent’s technology and power portfolio. With over 400 specialists, the team brings decades of expertise in mission-critical design, technical advisory, and commissioning management for hyperscale, colocation, and edge facilities.
Rebranded as Kent Data Centres, the business will build on its established reputation to help clients meet the growing global demand for digital infrastructure that is resilient, efficient, and ready for what’s next. Read More
The shares in Equinor ASA will as from today be traded on the Oslo Stock Exchange exclusive the second quarter 2025 cash dividend as detailed below.
Ex. date: 13 November 2025
Dividend amount: 0.37
Announced currency: USD Read More .
Touchstone Exploration Inc. reports its financial and operating results for the three and nine months ended September 30, 2025. Selected financial information is outlined below and should be read in conjunction with Touchstone’s September 30, 2025 unaudited interim condensed consolidated financial statements and related Management’s discussion and analysis, both of which are available online on the Company’s profile on SEDAR+ (www.sedarplus.ca) and website (www.touchstoneexploration.com). Unless otherwise stated, all financial amounts presented herein are in United States dollars.
Third Quarter 2025 Highlights
· Production: Averaged 5,141 boe/d in the third quarter of 2025 (71 percent natural gas), compared to 4,399 boe/d (69 percent natural gas) in the second quarter of 2025 and 5,211 boe/d (75 percent natural gas) in the third quarter of 2024. Central volumes contributed approximately 2,217 boe/d during the third quarter.
· Petroleum and Natural Gas Sales: Totaled $12.70 million, a 4 percent decrease from $13.25 million recorded in the comparative prior year quarter.
- Crude oil sales: $5.84 million from average production of 1,051 bbls/d at an average realized price of $60.30 per barrel.
- NGL sales: $1.34 million from average production volumes of 436 bbls/d at an average realized price of $33.41 per barrel.
- Natural gas sales: $5.52 million from average production of 21.9 MMcf/d (3,654 boe/d) at an average realized price of $2.74 per Mcf.
· Operating Netback: Generated $5.86 million in operating netback, a 21 percent decrease from the third quarter of 2024, primarily due to decreased petroleum and natural gas sales and related royalties and increased natural gas operating expenses.
· Funds Flow from Operations: Declined to $0.74 million from $3.02 million in the prior year equivalent quarter, largely driven by lower operating netbacks, higher cash finance expenses, and increased current income taxes, partially offset by lower transaction costs.
· Net Loss: Recorded a net loss of $2.06 million ($0.01 per share) compared to net earnings of $1.85 million ($0.01 per share) in the third quarter of 2024. The variance was primarily driven by the decrease in year-over-year funds flow from operations, $1.50 million in additional depletion and depreciation expense, and the absence of a $0.78 million gain on asset disposition recognized in the prior year.
· Capital Investments: Invested $9.60 million with the majority of expenditures focused on Cascadura drilling operations and the procurement of compression equipment for the Cascadura natural gas processing facility. Read More
Changes in Equinor’s corporate executive committee
Camilla Salthe has been appointed executive vice president for Safety, Security, and Sustainability (SSU) with effect 1 January 2026. Salthe come from the position as senior vice president for the UK and Ireland in Exploration and Production International (EPI) and succeeds Jannicke Nilsson who will assume the position of chief procurement officer and senior vice president procurement and supplier relations (PSR) in Projects Drilling and Procurement (PDP). Read More
DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s shares will be traded ex-dividend effective 13 November 2025. A dividend payment of NOK 0.375 per share will be made on or about 24 November 2025 to all shareholders of record as of 14 November 2025. Read More
Ukrainian president called for the two ministers to leave office amid a major investigation into alleged corruption in the energy sector, calling it a “matter of trust”. Ukraine’s Minister of Justice Herman Halushchenko and Minister of Energy Svitlana Hrynchuk have submitted their resignations following revelations of a major corruption probe, Prime Minister Yulia Svyrydenko announced. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $58.67 | Down |
| Crude Oil (Brent) | USD/bbl | $62.97 | Down |
| Bonny Light 11/11/25 CBN | USD/bbl | $64.78 | — |
| Dubai | USD/bbl | $65.96 | — |
| Natural Gas | USD/MMBtu | $4.59 | Up |
| Murban | USD/bbl | $65.03 | Up |
| OPEC basket 12/11/25OPEC | USD/bbl | $65.12 | Up |
| At press time November 13, 2025 . |
COLI Group announces that its Brazilian subsidiary – COLI Shipping & Transport do Brasil – has opened a new office in Salvador, Bahia. With this office, headed by Matheus Lira, COLI further expands its footprint across Brazil and the Northeast region to support the growing demand for tailored logistics services not limited to general cargo but in the Oil & Gas, Energy and industrial Projects sectors. This strategic move is part of a broader growth plan of COLI Brasil. Over the past 3 years, COLI has also established full-service offices in Rio de Janeiro, Itajaí, and even Guyana. With continued operations from its headquarters in São Paulo, the Brazilian team aims to deliver responsive, high-quality service to clients across the Bahia region and beyond. .Read More
The latest IEA’s Monthly Gas Statistics report including August 2025 data shows that for Total OECD:
• Production of natural gas increased by 2.9% compared to August 2024.
• Imports (entries)1 of natural gas were 4.9% higher on a year-on-year basis, and total OECD exports (exits) 1 increased by 5.5% in the same period.
• Gross consumption of natural gas decreased by 3.6% in August 2025 on a year-on year basis. Read More
Baker Hughes Rig Count: International -25 to 1059, :U.S. +2 to 548 Canada +4 to 191
U.S. Rig Count is up 2 from last week to 548 with oil rigs unchanged at 414, gas rigs up 3 to 128 and miscellaneous rigs down 1 to 6.
Canada Rig Count is up 4 from last week to 191, with oil rigs up 2 to 129, gas rigs up 2 to 62 and miscellaneous unchanged at 0.
International Rig Count is down 25 from last month to 1,059 with land rigs down 8 to 833, offshore rigs down 17 to 226
The Worldwide Rig Count for October was 1,800, down 12 from the 1,812 counted in September 2025, and down 164, from the 1,964 counted in October 2024.
| Region | Period | Rig Count | Change |
| U.S.A | November 07, 2025 | 548 | +2 |
| Canada | November 07, 2025 | 191 | +4 |
| International | October 2025 | 1059 | -25 |
Baker Hughes |
There will be about 2900 wellbores on the Norwegian continental shelf (NCS) in the years to come, but development and implementation of new technology can save the industry and society considerable costs.
Permanent plugging (P&A – plugging and abandonment) of wells accounts for more than half of the cost of cessation and removal of old oil and gas installations on the NCS. There are currently about 2900 wellbores on the NCS that have yet to be plugged. Half of current production comes from wells drilled over the last five years. Going forward, an estimated 100-150 new production wells will be drilled each year. At the same time, about 30-40 wells are plugged on an annual basis. This is why plugging and shutdown involve substantial costs. Read More
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Victor Cole , victor@oilandgaspress
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