Rig Count: U.S. +2 to 588 Canada -4 to 245
London, February 15, 2025, (Oilandgaspress) ––– U.S. Rig Count is up 2 from last week to 588 with oil rigs up 1 to 481, gas rigs up 1 to 101 and miscellaneous rigs up unchanged at 6. Canada Rig Count is down 4 from last week to 245, with oil rigs down 3 to 174, gas rigs down 1 to 71 and miscellaneous rigs unchanged at 0.
International Rig Count is down 4 rigs from last month to 905 with land rigs up 1 to 713, offshore rigs up 5 to 197. International Rig Count is down 60 rigs from last year’s count of 965, with land rigs down 27, offshore rigs down 33.
| Region | Period | Rig Count | Change |
| U.S.A | 14 February 2025 | 588 | +2 |
| Canada | 14 February 2025 | 245 | -4 |
| International | January 2025 | 905 | -4 |
Natural gas continues to move higher as traders focus on cold weather.
WTI oil dropped below $71.00 level amid demand worries.
Brent oil dropped below the $75.00 level.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $70.74 | Up |
| Crude Oil (Brent) | USD/bbl | $74.74 | Up |
| Natural Gas | USD/MMBtu | $3.72 | Up |
Deglobalization is the process of decreasing the interdependence between countries, particularly in terms of trade and investment. It can involve actions like raising tariffs, reducing foreign investment, and limiting the movement of people. A decades-long process of globalisation is coming to an end as the world becomes more protectionist*, favoring opportunities closer to home. Multinational corporations are diversifying where they produce goods and relocating closer to home. Geopolitical tensions between the US and China have intensified under US President, Donald Trump.
How China has been allowed to takeover Britain’s energy industry in the name of Ed Miliband’s Net Zero dream. In January last year, a few months after the Michigan revolt, a solar energy storage plant began operations in Thanet, Kent, equipped with lithium batteries supplied by a Chinese factory belonging to that very same CCP-linked firm, Gotion.
Its power storage systems were provided by another Chinese company, Shanghai Electric, and its opening marked the completion of an impressive UK solar portfolio for the firm, including projects in Lincolnshire, Devon, Winchester, Essex, Norfolk, Scunthorpe and Grimsby. the UK has gone with a begging bowl to Beijing as Ed Miliband seeks its aid to propel our transition to ‘a net-zero future’ and we’ve increasingly become a dumping ground for cheap Chinese green-technology goods.
Opaque supply chains and company structures have hampered the task of assessing the scale of our predicament.
Today, however, a Daily Mail investigation reveals the true extent of the Chinese chokehold on the UK renewables sector.
In a comprehensive audit of Beijing’s creeping infiltration of our energy industry, this newspaper has found Chinese firms are now linked to around a third of all offshore wind projects in the UK, worth a total of £56 billion.
And, in an ominous sign for our national security, four of the companies have been placed on a Pentagon blacklist for allegedly working with the Chinese military.
Meanwhile, at least half a dozen Beijing-backed firms singled out for their links to human rights abuses have extensive solar power portfolios in Britain. . Read More
British Gas has used National Apprenticeship Week to announce it will have more than 400 apprenticeship roles available in 2025 to help accelerate the drive to net zero.
The new apprentices will be helping customers with energy efficiency advice, fixing boilers and installing net zero measures to help customers save on bills and reduce their carbon emissions. British Gas is aiming to attract more women into these roles to close the gender gap in engineering as well as people from underrepresented backgrounds. Training will take place at the Ofsted regulated and award winning British Gas Academies.
It comes as new research by the company reveals a major shift in attitudes towards apprenticeships, challenging long-standing views on career and education choices. The research shows over half (55%) of UK adults said their view of apprenticeships has improved since they finished school, while only 2% report a negative shift. Additionally, nearly a quarter (23%) would now consider an apprenticeship to change careers, marking a shift in how we view work, training, and future prospects. When it comes to the reasons why, nearly three-quarters agreed apprenticeships offer a route to long-term job security, and two-thirds see them as means to build essential skills. Avoiding student debt (55%) and faster career progression than university (51%) also rank as key advantages. Read More
British Gas has partnered with sustainable cloud computing provider, heata, on an innovative trial to explore how harnessing waste heat generated by computer servers can save households money on their bills.
heata’s innovative model distributes cloud computing workloads to servers in homes. In a data centre, the heat generated during processing is a waste product, and energy-intensive cooling systems are required to stop the servers from overheating.
To overcome this, heata has created a ‘virtual data centre’ – a network of servers distributed in people’s homes. Each server is attached to the home’s hot water cylinder, and as they process data, the heat they generate is transferred into the water. This reduces the energy needed to heat water in the home, and as this is typically provided by gas boilers, it reduces the amount of gas used, lowering the carbon impact as a result. heata pays for the electricity the heata unit uses, which means the household pays less to heat their hot water. As part of a three-month trial, 10 heata units will be installed in the homes of British Gas employees, and the energy provider’s computing workloads will be processed on these units. As a result British Gas will be providing free hot water for its own employees as a byproduct of their own cloud compute.
The trial will provide feedback around performance and customer experience, as well as demonstrating the associated CO2 and energy cost savings to further co-develop customer propositions in 2025.
According to heata, the devices can provide up to 4kWh of hot water per day, with the technology expected to save households up to £340 per year when offsetting electrically heated hot water, and up to £120 when offsetting gas heated hot water. Read More
The new Opel Grandland is just the thing to make this day special. Because it is not just good – it’s GRAND in every respect! The ‘Golden Steering Wheel 2024’ winner1 always makes loved ones shine with top technologies such as the innovative Intelli-Lux HD headlights with more than 50,000 intelligent pixels.
The interior of the new Grandland promises ultimate comfort on the way to the weekend. Ergonomic seats with individually adjustable side cushions certified by Aktion Gesunder Rücken e.V (AGR) ensure pure and, above all, relaxed driving pleasure. And the patented Intelli-Seat ergonomic feature, the central recess in the seat, is already standard on all front seats. Clever solutions such as the illuminated, translucent Pixel Box also ensure that the driver no longer misses a call from his or her partner. Because while the smartphone is being charged inductively, it is visible at all times. These and many other features of the new Grandland make hearts beat faster.
Opel and the Grandland also have a keen focus on the environment. The top-of-the-line SUV ‘made in Germany’ is not only electrified in every version and thus reduces the CO2 footprint, it also uses recycled materials in the interior and deliberately avoids chrome elements on the body. This kind of conserving resources makes the Opel Grandland even more lovable. Read More
Alain Favey, new CEO of PEUGEOT Brand, took the opportunity of this third edition of the E-LION DAY to kick off the year 2025 by announcing his roadmap and ambitions.
“In addition to the beautiful products already present in our markets, it’s by focusing on our customers and strengthening our partnerships that we will build a bright, successful and sustainable future for PEUGEOT. In 2025, we are definitely in performance mode!’.
With the widest EV line-up of any mainstream brand, PEUGEOT reaffirms its ambition to lead the EV mainstream European market. And with its multi-energy platforms, PEUGEOT offers a solution for all customers needs, from hybrid to EV and compact car to SUV and LCV.
PEUGEOT makes Performance a priority for 2025, with a focus on delivering in France.
PEUGEOT further enriches its range of electric vehicles, which is already the widest mainstream EV line-up in Europe, : launching the E-3008 and E-5008 Dual Motor 325 hp and the E-5008 5-seater.
With the PEUGEOT ELECTRIC PROMISE, the brand optimises the electric experience for its customers. (8 year battery warranty and 8 year vehicle warranty, Wall Box included, and on-the-go charge pass included.)
PEUGEOT increases its commitment to creating a more sustainable world through education by intensifying its collaboration with the associations Born Free and Under the Pole.
PEUGEOT confirms its commitment to contribute to achieve Carbon Net Zero target and announces its intention to accelerate this transition further by relying on its 5 “E-pillars”:
Electric, Efficiency, Experience, Education, Environment.
ELECTRIC:
New additions to the most comprehensive electric line-up among mainstream European brands.
In 2024, PEUGEOT sold almost 1.1 million vehicles worldwide and doubled its orders for electric vehicles. In Europe, PEUGEOT was the brand that experienced the highest growth in electric car sales to private customers.
PEUGEOT was once again the leader in electric vehicles in Europe in 2024 in the B segment and the light commercial vehicle market.
The new 3008 has achieved great success: surpassing 120,000 orders, with 22% of them being 100% electric E-3008’s, a proportion which is higher than the segment average.
In 2025, PEUGEOT accelerates! Its range of 12 fully electric models will expand further to better support customers’ transition to electric vehicles.
In the coming weeks, a new high-performance 100% electric version of the E-3008 and E-5008: the Dual Motor 325 hp with all-wheel drive, will be landing in dealerships across the globe.
In combination with the standard electric 213 hp e-motor which powers the front wheels of the vehicle, an additional 112 hp e-motor delivers power to the rear wheels. Providing an all-wheel drive motricity totalling 325 hp.
PEUGEOT has continued its extension of the SUV range, in the first half of 2025: the 5-seater version of the PEUGEOT E-5008 will arrive. It is aimed at customers who seek large loading capacity without sacrificing driving pleasure.
The PEUGEOT E-5008 5-seater offers a benchmark boot volume in the segment, with the second row in place, offering 994L (litres). That’s an additional 78L when compared with the 7-seat version.
With the second row folded, the luggage capacity is extended to 2310L, sufficient for 2 large, 1 medium, and 12 small suitcases.
With the new 5-seater, PEUGEOT now presents a triple offer for different targets within the marketplace:
PEUGEOT 3008, a dynamic fastback SUV for customers prioritising design & tech.
PEUGEOT 5008 5-seat: a large SUV aimed at family customers.
PEUGEOT 5008 7-seat: a large SUV with 7 seats for those looking for even more flexibility and space to transport family and friends. Read More
Jeddah is hosting the ABB FIA Formula E World Championship this weekend for the third and fourth races of Season 11. And history will also record that it was in Saudi Arabia’s second-largest city that Maximilian Günther clinched his first victory with DS Automobiles on Friday night! Starting from pole position, the German driver secured a dramatic win by reclaiming the lead in the final chicane, just a few hundred metres from the finish line.
The intensity of the battle between the electric single-seaters was evident recently right from qualifying, with eight different teams making it to the final stage. While Jean-Éric Vergne finished fifth in his group, missing out on a qualifying spot by less than a tenth of a second, Maximilian Günther put together a flawless run to the final, securing his first pole position with DS Automobiles—the 25th for the premium French manufacturer.
When the lights went out, Max maintained a front-running position until mid-race, when all competitors took their turns for the all-new PIT BOOST. This ultra-fast recharge is a new feature in Formula E this season: a 600 kW charge for 30 seconds allows the cars to take on an extra 3.85 kWh, adding 10% more energy. This is yet another example of how the FIA and Formula E continue to push the development of electric mobility on every level.
Despite losing a few positions during his pit stop, Maximilian Günther quickly fought back, closing the gap to leader and overtaking him just a few hundred metres before the finish. In addition to taking pole position and the victory, the new DS Automobiles driver also set the fastest lap of the race, confirming both his dominance and that of the DS E-TENSE FE25 in Saudi Arabia. As a result, he scored the maximum 29 points and moved up to third place in the World Championship standings.
Starting from 10th on the grid, Jean-Éric Vergne also delivered a solid race. The Frenchman climbed up to sixth place, scoring points for the third time in as many races. The combined performances of both drivers helped DS PENSKE to reclaim second place in the Teams’ standings.
The fourth race of the season is scheduled for Saturday at 20:00 local time (18:00 CET). The DS Automobiles drivers will be aiming for another strong performance in this second showdown of the weekend! Read More
Lancia has always left its mark on automotive history through the elegance and innovation of its models. Both in racing and on the road, the Italian brand has collected numerous accolades, and its revival in France continues this tradition.
During the Trophées de l’Automobile Magazine, the new Lancia Ypsilon was honored with the Design Trophy, recognizing its refined aesthetics and bold design. Designed, developed, and styled at the Centro Sile Lancia in Turin, the new Lancia Ypsilon is the result of the meticulous work of its designers. Its unique design pays homage to the brand’s iconic heritage, blending classic elements inspired by historic models like the Aurelia and Flaminia with modern touches derived from the legendary Stratos and Delta. The attention to detail and stylistic innovation makes the Ypsilon a flagship model in Lancia’s renewal.
The front light signature, featuring a modern reinterpretation of the Lancia calice, along with the rear lights inspired by the Stratos, pay homage to the brand’s heritage.
The Ypsilon’s interior has been designed with the same meticulous attention to detail. Italian design is enhanced by refined materials as well as distinctive elements such as the “tavolino,” a unique hallmark of Lancia’s new cabin.
The Design Trophy was presented to Emanuele Tomassorri, Lancia Ypsilon’s exterior designer, during the ceremony held in Paris. This recognition reaffirms Lancia’s status as a benchmark in automotive design, continuing a tradition where every detail matters.
With the opening of the first Casa Lancia in 2024 and the expansion of its distribution network in France—set to reach 25 Casa Lancia locations and 80 service points—Lancia continues to write a new chapter in its history, keeping elegance and innovation at the heart of its DNA. Read More
VW Statement on ongoing negotiations
Our latest offer bumps employee wage increases to 16.5%, puts a ratification bonus on the table for the first time, improves the cost-of-living allowance and reduces health care costs. Reaching a deal requires both sides to find common ground. It is time for the UAW to prioritize what is most important to employees and get a deal done, so we can secure great Volkswagen jobs in Chattanooga in the future. Read More
New study suggests that electric vehicles (EVs) aren’t as environmentally friendly as they might appear.
Researchers from the University of Southampton found that certain common brake pads produce emissions even more toxic than diesel exhaust fumes.These particles are 30 times smaller than the diameter of a human hair and are capable of slipping through the airways deep into the lungs’ most sensitive tissues.
So, although EVs don’t release any gases from their exhaust, they can still contribute to deadly air pollution.
The researchers warn that this ‘non-exhaust pollution’ is now responsible for the majority of vehicle emissions in Europe. Read More
Africa is a major oil-producing region and is home to some 12% of the world’s reserves.
The oil industry helps to drive economic development on the continent, contributing substantially to GDP, government revenues, and foreign exchange earnings.
Nigeria is Africa’s biggest oil producer, with reserves primarily located in the Niger Delta.
Aliko Dangote, Africa’s richest man, has invested a whopping £16billion in building one of the world’s largest oil refineries in Nigeria.
Construction began in 2016 and was completed seven years later in May 2023.
Located in the Lekki Free Zone outside of Lagos, the plant has a size almost the equivalent of 4,000 football fields.
Once fully operational, it should be able to produce 650,000 barrels per day.
Dangote Industries Ltd said on Monday that the target should be achieved in roughly 30 days’ time. Read More
Porsche will cut 1,900 posts by the end of the decade as its profit margins are hit by rocky market conditions. The cuts will see a reduction in overall staffing numbers by 15% by 2029 at its main sites in southwestern Germany, Stuttgart-Zuffenhausen and Weissach. Employees will be encouraged to leave voluntarily by accepting early retirement or severance packages, and Porsche will take a “restrictive approach” to hiring, the firm confirmed this week. The carmaker blamed the job losses on “the delayed ramp-up of electromobility” and “challenging geopolitical and economic conditions”. Read More
Oil and Gas News Undiluted !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
OilandGasPress.com is a website that provides news, updates, and information related to the oil and gas industry. It covers a wide range of topics, including exploration, production, refining, transportation, distribution, and automotive market trends within the global energy sector. Visitors to the site can find articles, press releases, reports, and other resources relevant to professionals and enthusiasts interested in the energy, oil and gas industry.
Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases
Please email us your industry related news for publication info@OilAndGasPress.com
Follow us: on Twitter | Instagram
Oil and gas press covers, Energy Monitor, Climate, Renewable, Wind, Biomass, Sustainability, Oil Price, LPG, Solar, Marine, Aviation, Fuel, Hydrogen, Electric ,EV, Gas,
