London, October 21, 2025, (Oilandgaspress) –––TotalEnergies and Oteis have signed a deal for the sale of TotalEnergies’ sustainable consultancy and solutions affiliate GreenFlex to Oteis, a divestment that reflects TotalEnergies’ strategy to concentrate its activities on energy production and supply.
With over 800 employees and some thirty agencies in France and the rest of Europe, Oteis Conseil & Ingénierie operates in several fields: construction, water and development, infrastructure, and industry. The group’s ability to integrate new teams and develop their skills following deals similar to the GreenFlex acquisition has delivered strong growth in recent years.
Oteis intends to harness GreenFlex’s expertise in environmental and social consultancy, low-carbon energy performance and transition financing to establish a major new player with a full range of services and solutions on their markets. Read More
Petrofac says restructuring will result in no residual value being retained by existing shareholders.
The Company remains focused on completing the Restructuring in the shortest possible time and by the end of November 2025. It has made very good progress towards implementation, and expects to shortly conclude a Lock Up Agreement in respect of the identified implementation route, which will support the Group’s operational capability and ongoing delivery.
The Group expects to share further detail in the coming days. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $57.23 | Up |
| Crude Oil (Brent) | USD/bbl | $60.75 | Up |
| Bonny Light 17/10/25 CBN | USD/bbl | $61.84 | Down |
| Dubai | USD/bbl | $63.26 | Down |
| Natural Gas | USD/MMBtu | $3.40 | Up |
| Murban | USD/bbl | $62.84 | Down |
| OPEC basket 20/10/25OPEC | USD/bbl | $61.74 | Down |
| At press time October 21, 2025 . |
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 |
International Rig Count is down 72 rigs from last year’s count of 1,156, with land rigs down 44, offshore rigs down 28.
The average U.S. Rig Count for September was 542 up 3 from last month count of 538 and down 45 year-over-year.
The average Canada Rig Count for September was 187 up 8 rigs from last month count of 179 and down 30 year-over-year.
The 8th World Intelligent Connected Vehicle Conference (2025 WICV) was held from October 16 to 18, 2025, at the Beiren Yichuang International Convention and Exhibition Center in Yizhuang, Beijing. As China’s first national-level intelligent connected vehicle conference approved by the State Council, this year’s WICV, themed “Gathering Wisdom and Energy for Infinite Connectivity,” brought together global industry forces to provide a high-end platform for technical exchange, showcase of achievements, and collaboration.
At this conference, Xiaopeng Motors unveiled four core products: the new Xiaopeng P7, Xiaopeng G7, 2025 Xiaopeng G9, and 2025 Xiaopeng X9. With its leading intelligent connected technology and excellent product strength, it has attracted widespread attention, fully demonstrated Xiaopeng Motors’ technological strength in the field of intelligent electrification, and become an important representative of the innovative achievements of Chinese auto companies. 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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