London, October 23, 2025, (Oilandgaspress) –––Oil prices Up as the US announced new sanctions on Russia’s biggest producers,, Rosneft and Lukoil. to ramp up pressure on Vladimir Putin to end the war in Ukraine. All assets in the US belonging to the two companies have been frozen, and American companies and individuals will be barred from doing business with them.
The US is also threatening secondary sanctions on foreign financial institutions that do business with Rosneft and Lukoil, which could include banks that facilitate sales of Russian oil in China, India and Turkey.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $61.82 | Up |
| Crude Oil (Brent) | USD/bbl | $65.84 | Up |
| Bonny Light 17/10/25 CBN | USD/bbl | $61.84 | — |
| Dubai | USD/bbl | $63.86 | Up |
| Natural Gas | USD/MMBtu | $3.463 | Up |
| Murban | USD/bbl | $69.27 | Up |
| OPEC basket 22/10/25OPEC | USD/bbl | $63.36 | Up |
| At press time October 23, 2025 |
Golar LNG Limited announced that all conditions precedent and customary closing conditions in connection with the 20-year charter of Golar’s 3.5MTPA MKII FLNG to Southern Energy S.A. (“SESA”) in Argentina have been satisfied. This milestone follows the execution of definitive agreements announced on May 2nd, 2025, and the Final Investment Decision announced on August 6th, 2025.
The 20-year charter of the MKII FLNG solidifies $8 billion of net earnings backlog over 20 years, equivalent to $400 million in annual EBITDA to Golar, before commodity exposure and inflationary adjustments. In addition, the charter agreement includes attractive commodity exposure both in the FLNG commodity tariff component and through Golar’s 10% shareholding in SESA. The MKII FLNG will be deployed in the Gulf of San Matías, offshore Argentina, where it will operate in proximity to the FLNG Hilli.
The MKII FLNG, with a nameplate capacity of 3.5 MTPA, is currently undergoing conversion at CIMC Raffles Shipyard in Yantai, China. The unit is on schedule for delivery by year end 2027, with operations expected to commence in 2028. The total conversion budget is approximately $2.2 billion of which $1.0 billion has been spent to date, all capital expenditures funded through equity.
The project has received all key governmental approvals, including an unrestricted 30-year LNG export authorization in Argentina, and qualification as Strategic Investment under the Large Investments Incentive Regime (“RIGI”).: Read More
Dana Incorporated announced that its board of directors has declared a dividend on its common stock. The board declared a quarterly dividend of $0.10 per share, payable November 28, 2025, to holders of Dana common stock as of November 7.. Read More
TechnipFMC plc announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on December 3, 2025 to shareholders of record as of the close of business on the New York Stock Exchange on November 18, 2025, which is also the ex-dividend date. The Board has also authorized additional share repurchases of up to $2 billion. Together with the remaining balance under the existing program, the Company is now authorized to repurchase shares of up to $2.3 billion, representing nearly 16 percent of the Company’s outstanding shares at the closing price on October 21, 2025. . Read More
Tesla is expected to post a surge in third-quarter results later on Wednesday, thanks to U.S. buyers rushing to take advantage of an expiring $7,500 federal electric vehicle tax credit. The new trims – called Standard – are $5,000 to $5,500 cheaper than their predecessors as Tesla shrank the battery, switched to a less-powerful motor and stripped out myriad features – from rear touchscreens to seat-back pockets. The company also temporarily has slashed lease prices on the higher-priced Premium versions.
The cheaper Standard variants as well as Tesla’s offers and discounts to stave off competition globally throughout the year have pressured the company’s once-enviable margins, worrying investors.
Sales of Tesla’s aging lineup declined for the first time last year and analysts expect an 8.5% fall this year, in part because of Musk’s far-right political rhetoric. Most of its current revenue and profit comes from vehicle sales. Read More
Equinor’s safety statistics reflect an overall, positive long-term trend.
At the end of the third quarter of 2025, the serious incident frequency per million hours worked (SIF) was 0.23, down from 0.27 in the second quarter. Serious personal injuries are also included in the serious incident statistics.
As of the third quarter, the total recordable injury frequency per million hours worked (TRIF) is 2.1 for the last 12 months, down from 2.2 at the end of the second quarter.
Four oil and gas leaks were recorded over the last 12 months, the lowest ever. These leaks are classified according to the degree of severity in relation to the discharge rate.
In March 2025, Equinor experienced a well control incident on a rig associated with the Bacalhau field off the coast of Brazil. The incident has subsequently been re-classified as serious.
There were no incidents with major accident potential in the third quarter. In September, a man lost his life in a tragic accident during a lifting operation at Equinor’s Mongstad refinery. Read More .
Effective January 2, Alexandre Malval has been appointed Vice President of Design for the Renault brand.
He will report to Laurens van den Acker, Chief Design Officer and member of the Renault Group Leadership Team. He will also join the Renault brand management committee. . Read More
Karsten Schnake will become the new member of the Board of Management of the Volkswagen Passenger Cars brand responsible for Procurement and a member of the Extended Executive Committee effective November 1, 2025. He thus succeeds Dirk Große-Loheide, who is leaving the company under a long-planned retirement program. In addition to his new duties, Karsten Schnake will continue as acting Board Member for Procurement at Škoda until December 31, 2025, to ensure a seamless transition.Volkswagen Group Communications Read More
QuantumScape Corporation announced that it has begun shipping B1 samples of its QSE-5 cell. The company reached this milestone during the third quarter of 2025, achieving one of the company’s key goals for the year.
These samples are the most advanced QS cells to date and feature separators produced using the company’s groundbreaking Cobra process. By combining the high-performance QSE-5 design with more efficient production processes, these cells represent a major step toward high-volume commercial production of QS technology for electric vehicles and other applications.
Cobra-based QSE-5 cells are featured in QS’s first vehicle program with the VW Group, the Ducati V21L motorcycle. The Ducati program is designed as a real-world demonstration of the no-compromise performance profile of QS solid-state battery technology.
This cell shipment milestone reflects QS’s commitment to executing on its roadmap and advancing next-generation battery technology. In a further step toward bringing QS technology to scale and achieving automotive-grade reliability, the company is installing a highly automated cell production pilot line, the Eagle Line, at its headquarters in San Jose, California.. Read More
Tesla reported third-quarter earnings of $0.50 a share on Wednesday after market close, less than the $0.54 that market analysts predicted. The automaker exceeded Wall Street’s expectations of $26.457bn in revenue. Its operating income was $1.62bn against expectations of $1.65bn. It also reported a net income of $1.4bn, down from $2.2bn, a drop of 37% in its profits. Tesla’s deliveries in the third quarter surged from earlier in the year, an increase that analysts attributed to consumers attempting to lock in electric vehicle tax credits that expired at the end of last month. The company made numerous optimistic mentions of its AI software and commitment to expand its autonomous driving technology in a press release on the results, while also citing “shifting trade, tariff and fiscal policy” as challenges it is navigating. Read More
UK Households and businesses are to receive stronger protection against energy firms under plans to strengthen the industry ombudsman. Customers will be given better and faster help with resolving disputes with their supplier, alongside a crackdown on energy brokers to stamp out exploitation, and protections for businesses when they install a smart meter, the Department for Energy Security and Net Zero (DESNZ) said. A lack of regulation has allowed rogue brokers to use predatory sales tactics to take advantage of customers, selling them overpriced contracts in return for higher commission fees, DESNZ said. New measures will also stamp out exploitation when dealing with energy brokers and price comparison sites, collectively known as third-party intermediaries.
Ofgem will be appointed to regulate this market and put an end to such exploitation, ensuring small businesses and public organisations are no longer taken advantage of and can save money on their bills through improved competition and lower commissions. . Read More
Volvo Cars reports solid result for Q3 2025
Q3 revenue was SEK 86.4 bn (SEK 92.8 bn in Q3 2024)
Q3 operating income was SEK 6.4 bn (SEK 5.8 bn in Q3 2024)
Q3 operating income (excl. JVs and associates) was SEK 6.3 bn (SEK 5.7 bn in Q3 2024)
Q3 EBIT margin was 7.4 per cent (6.2 per cent in Q3 2024)
Q3 EBIT margin (excl. JVs and associates) was 7.2 per cent (6.2 per cent in Q3 2024)
Q3 basic earnings per share were 1.75 SEK (1.41 SEK in Q3 2024)
Q3 fully electric car sales share at 22 per cent (25 per cent in Q3 2024)
Q3 electrified car sales share at 45 per cent (48 per cent in Q3 2024).
Volvo Cars’ renewed focus on regionalisation is well underway, as the company continues to empower its regions with more operational responsibility to tailor products and marketing to their market requirements.
In China, Volvo Cars successfully launched the XC70 next-generation long-range hybrid in August. The encouraging customer response demonstrates that this car clearly meets demand from Chinese customers.
In the US, the company announced that it will add a new hybrid model to its South Carolina manufacturing plant before the end of this decade. This new model comes in addition to plans for local production of the best-selling XC60. Together, these cars will improve capacity utilisation at the South Carolina plant to better serve the US market.
Volvo Cars continues to move towards an electric future, and it is steadily expanding its portfolio of fully electric cars. The ES90 is now on the road, production of the EX90 flagship SUV continues to ramp up after comprehensive software updates, and the Ghent plant in Belgium is increasing EX30 production in the EU. 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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