Spot gold was down 0.2% at $4,154.09 per ounce, as of 0200 GMT. U.S. gold futures for December delivery fell 0.3% to $4,151.20 per ounce.
London, November 27, 2025, (Oilandgaspress) –––U.S. Rig Count is down 10 from last week to 544 with oil rigs down 12 to 407, gas rigs up 3 to 130 and miscellaneous rigs down 1 to 7.
Canada Rig Count is down 7 from last week to 188, with oil rigs down 7 to 121, gas rigs unchanged at 67 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 26, 2025 | 544 | -10 |
| Canada | November 26, 2025 | 188 | -7 |
| International | October 2025 | 1059 | -25 |
| Baker Hughes |
ADNOC today announced an extended multi-year partnership with Ethara to sponsor the Formula 1® Etihad Airways Abu Dhabi Grand Prix. As an Official Founding Partner since 2019, ADNOC will introduce The Race Within, its new F1 campaign that highlights the UAE’s spirit of performance, ambition and national pride. The campaign brings forward the discipline, focus and teamwork that define both ADNOC and Formula 1, reflecting the shared drive that powers the UAE’s progress.
Through its sponsorship, ADNOC will participate in the overall race weekend with new activations, educational programs and community outreach designed to inspire and unite motorsports fans. The partnership strengthens ADNOC’s continued efforts to empower communities, promote wellbeing and support some of the country’s biggest sporting events. During the race weekend, ADNOC will introduce dedicated fan experiences in the main F1 Fan Zone to bring visitors closer to the spirit and performance of Formula 1. This will include the Pace Lab, which will challenge fans to test their speed, agility and reaction time through a series of performance-driven activities. From reaction light walls to timed sprints, visitors can measure their results, compete with friends and experience the focus and precision that define the world of racing.
ADNOC will also introduce racegoers to its newly refreshed Oasis by ADNOC convenience brand where fans can experience the premium ‘On-the-Gourmet’ concept and enjoy the UAE’s largest locally grown specialty coffee chain. Read More
NEOVYN™ is now available from nearly all of INEOS Inovyn’s production sites using access to renewable energy sources, including hydroelectric power from Norway, electricity from North Sea wind turbines in Antwerp and solar energy in Jemeppe.
As a result, it provides a significantly reduced carbon footprint that is 37% lower than the European industry average for suspension PVC, reduced to 1.3 kg CO2 per kg PVC.
The NEOVYN™ range is certified under the ISCC (International Sustainability & Carbon Certification) PLUS scheme and its greenhouse gas credentials are independently verified, providing confidence and peace of mind to our customers.
INEOS Inovyn is seeing a growing number of forward-looking companies switch their entire PVC range to NEOVYN™, allowing them to develop sustainable downstream products and reduce their scope 3 emissions.
This is especially visible in the construction sector, where PVC is often one of the key materials. Here it supports product-specific environmental declarations, helping manufacturers to meet evolving sustainability regulations and significantly lower the carbon footprint of window profiles, flooring and pipes.
NEOVYN™ is rapidly becoming the reference point for PVC. Its adoption is accelerating across key sectors – window profiles for construction, flooring in new buildings and hospitals, artificial leather for automotive interiors, and water distribution piping – replacing conventional PVC and setting a new industry standard for low-carbon solutions. Read More
INEOS announced a €250m investment programme to regenerate and modernise its cracker at Lavera as part of a bold move to secure the future of one of France’s most important industrial sites and safeguard thousands of jobs.
With backing from the French Government, and facilitated by BNP Paribas and ING, INEOS is investing in the site to improve reliability, boost efficiency and cut emissions. It marks the first phase of a wider regeneration plan designed to strengthen Lavera’s long-term competitiveness and sustainability. The Lavera site employs around 2,000 people directly and more than 10,000 through its supply chain. It produces essential raw materials used across almost every manufacturing sector from healthcare and pharmaceuticals to aerospace, transport, food packaging, clean energy and advanced technologies. Read More
The UK government will stick with a controversial windfall tax for North Sea oil and gas producers until the end of the decade, dismissing complaints that the levy hurts investment and jobs.
The Energy Profits Levy will remain in place until March 2030, according to a leaked document from the Office for Budget Responsibility. The decision comes as Chancellor of Exchequer Rachel Reeves looks to raise billions of pounds to shore up public finances, which have been squeezed by higher borrowing costs and U-turns over welfare cuts.
The EPL was introduced by the previous Conservative government more than three years ago when Russia’s invasion of Ukraine drove up energy prices, swelling profits for oil and gas producers. While prices have since retreated, the tax has remained in place — and even increased — to buoy state coffers. Last year’s EPL hike to 38% brought the headline tax rate for the oil and gas sector to 78%, making Britain less attractive for investment, producers said. Many of them, already suffering declines at mature North Sea fields, have reassessed their UK activities, opting to sell, merge or scale back operations. A statistical analysis by Offshore Energies UK, a lobby group, showed this week that reforming the EPL in 2026 rather than the end of the decade could raise tax receipts by £15.7 billion ($20.7 billion) to £48.6 billion within 10 years. Read More
Brian Gilvary, Chairman of INEOS Energy. Following yesterday’s UK Autumn Budget and the Government’s decision to maintain the Energy Profit Levy. “The UK’s North Sea oil and gas industry has kept the lights on, heated homes and turned the wheels of industry for more than 50 years, but today’s decision by the UK Government to maintain the Energy Profits Levy at 78%, reverses that in a matter of minutes.
“The Energy Profits Levy is fundamentally flawed, and its impact is catastrophic. It was introduced as a windfall tax driven by a short-term post-covid surge in oil prices – but the temporary price surge justifying the levy has long passed, and yet the tax burden remains.
“Today’s decision leaves the UK with one of the least competitive fiscal regimes in the world for oil and gas investment, trading immediate tax gain for long-term and irreparable damage to the UK oil and gas industry. It will continue to drive capital overseas, stifle production, remove jobs, and increase dependence on overseas oil supplies. “The UK Government should have been bold, this was an opportunity to signal confidence in UK manufacturing, but today we have seen the opposite is true.”- Brian Gilvary, Chairman of INEOS Energy. Submitted by firstlight Group
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $58.93 | Up |
| Crude Oil (Brent) | USD/bbl | $63.31 | Up |
| Bonny Light 26/11/25 CBN | USD/bbl | $65.37 | Up |
| Dubai | USD/bbl | $64.41 | Up |
| Natural Gas | USD/MMBtu | $4.55 | Down |
| Murban | USD/bbl | $65.20 | Up |
| OPEC basket 26/11/25 OPEC | USD/bbl | $63.21 | Down |
| At press time November 27, 2025 |
Nissan Motor Co., Ltd. today announced production, sales, and export figures for October 2025.
Global production in October declined 3.9% from a year earlier.
Production in Japan declined 19.3% from a year earlier.
Production outside Japan surpassed year-earlier results by 0.6%.
Sales
| Oct. 2025 (vehicles) |
Year-on-year change (%) |
Jan. – Oct. 2025 (vehicles) |
Year-on-year change (%) |
Jan. – Oct. 2024 (vehicles) |
||||
| Passenger vehicles | 12,670 | -31.6 | 170,317 | -19.1 | 210,493 | |||
| Commercial vehicles | 3,229 | -16.1 | 37,971 | +14.2 | 33,245 | |||
| Japan (registration) | 15,899 | -28.9 | 208,288 | -14.5 | 243,738 | |||
| Japan (minivehicles) | 11,804 | -10.7 | 138,322 | -14.6 | 162,036 | |||
| Japan (incl. minivehicles) | 27,703 | -22.1 | 346,610 | -14.6 | 405,774 | |||
| US | 66,217 | -13.6 | 778,120 | -0.0 | 778,180 | |||
| Canada | 7,705 | -13.5 | 95,117 | +6.3 | 89,497 | |||
| Mexico | 22,832 | +8.3 | 220,146 | +7.5 | 204,865 | |||
| North America | 96,881 | -9.3 | 1,094,623 | +2.0 | 1,073,446 | |||
| Europe | 23,638 | +3.7 | 283,375 | -5.2 | 299,031 | |||
| China | 67,855 | +10.9 | 524,993 | -5.9 | 558,168 | |||
| Others | 42,440 | -6.2 | 414,690 | -6.0 | 440,990 | |||
| Sales outside Japan | 230,814 | -2.2 | 2,317,681 | -2.3 | 2,371,635 | |||
| Global sales | 258,517 | -4.8 | 2,664,291 | -4.1 | 2,777,409 | |||
Note:
1) Japan sales are categorized as passenger vehicles and commercial vehicles based on chassis.
Global sales in October declined 4.8% from a year earlier.Sales including Minivehicles in Japan declined 22.1% from a year earlier.
- Sales of registered vehicles in Japan declined 28.9% from a year earlier.
- Minivehicle sales in Japan declined 10.7% from a year earlier.
Sales outside Japan declined 2.2% from a year earlier. Read More
Toyota Motor Corporation announces its sales, production, and export results for October 2025, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd. Download Report
The all-electric Hyundai INSTER has been named ‘Supermini of the Year’ at the 2026 TopGear.com awards ceremony in London, earning one of the most recognised distinctions in Europe’s automotive media landscape. The experts at TopGear.com praised INSTER for its versatile performance, clever packaging and generous equipment levels, underlining its leadership in the rapidly-expanding small EV segment.
INSTER combines distinctive compact SUV styling with agile urban performance while also delivering an all-electric WLTP range of up to 370 kilometres (with the long-range battery), making it ideally suited for both daily commuting and spontaneous weekend trips. At DC fast-charging stations, INSTER can recharge from 10 to 80% in around 30 minutes.
Its two efficient powertrain options, offering 97 PS and a 42 kWh battery or 115 PS and a 49 kWh battery, deliver smooth and responsive electric performance, complemented by a modern digital cockpit with dual 10.25-inch displays and versatile and spacious cabin, all of which combines to make INSTER a particularly attractive entry point into zero-tailpipe-emission mobility. Read More
The new Lamborghini Prague showroom has been officially opened by Automobili Lamborghini Chairman and CEO Stephan Winkelmann and Federico Foschini, Marketing and Sales Officer, with gathered guests also witnessing a market presentation of the Lamborghini Fenomeno. The new, larger sales and service center is now located in Ořech, owned and operated by Porsche Inter Auto CZ and offering state-of-the art services to current and future owners of Lamborghini super sports cars. Read More
Audi and Disney have joined forces to create entertainment experiences both in the car and in the cinema. Audi customers can now experience Disney+ programming directly in compatible vehicles through onboard streaming technology. Additionally, two Audi models play a role in Disney’s new movie “TRON: Ares,” now playing only in cinemas. From the big screen to in-car displays, the collaboration underscores the commitment of Audi to blending cutting-edge technology and emotional, immersive global experiences to create unforgettable journeys. Audi is integrating the Disney+ app into select 2025 and newer model ranges, marking another step in expanding its onboard digital entertainment offering. Customers can install the app directly via the Audi Application Store in compatible vehicles and log in with their existing Disney+ account. Read More
The Porsche story was electric from the very beginning. Around the turn of the twentieth century, Ferdinand Porsche built his first electric and hybrid vehicles.
Today – 150 years after the birth of the company founder on September 3, 1875 – this story is more alive than ever: with a trio of efficient combustion engines, innovative plug-in hybrids, and fully electric models.
As a technological pioneer and as an entrepreneur, Ferdinand Porsche was setting new standards from an early age, paving the way for designs and principles that would shape the company’s development. What began with him would continue with his son Ferry, who, in 1948, unveiled the first car to bear the family name – the 356 “No. 1” Roadster. Since the first 356, the sports car manufacturer has been inextricably linked with the name Porsche – a continuity that has become one of the cornerstones of its success.
The young engineer set about working on innovative drive technologies before the end of the nineteenth century. His name drew international acclaim in 1900 at the Paris Exposition, when he presented an innovative electric car – the System Lohner-Porsche – powered by wheel-hub motors. The designer went a step further with the idea of combining electric and combustion engines. Read More
The Brand Group Core within the Volkswagen Group – the organizational unit including the volume brands Volkswagen, Škoda, SEAT&CUPRA and Volkswagen Commercial Vehicles – is strategically reorienting its production and establishing a high-performance regional production network.
As a first step, André Kleb, to date Head of Planning and Production Technology of the Volkswagen brand, is to assume responsibility for the regional management of production and logistics as the Chief Production Officer for the Iberian Peninsula with effect from January 1, 2026. In the spirit of overall cross-brand responsibility, this newly created function will report to Christian Vollmer, Member of the Board of Management for Production & Logistics of the Volkswagen brand and member of the extended Group Executive Board, and also to Markus Haupt, CEO SEAT&CUPRA.
The new structure for the Iberian Peninsula will include all the plants of the Volkswagen Group in Spain and Portugal. Overarching functions such as central planning, production steering, project and start-of-production management as well as logistics will be anchored within the regional management.
In connection with the reorganization, Thomas Hegel Gunther, currently Managing Director and plant manager of Volkswagen Autoeuropa, is to succeed André Kleb as new Head of Planning and Production Technology of the Volkswagen Passenger Cars brand in Wolfsburg.
Anabel Andión Lomero, to date the Head of the Pre-Series Center at SEAT&CUPRA in Spain, will become Managing Director and plant manager of Volkswagen Autoeuropa in Portugal with effect from March 1, 2026. 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
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
“Stay informed with Oilandgaspress.com—your independent source for global energy, oil, gas, EV, and automotive industry news and analysis.”
Submit your Releases or contact us now!, victor@oilandgaspress
Follow us: on Twitter | Instagram
Your Daily Source for Oil, Gas, Renewables & EV Market Insights :
latest oil and gas updates
