Oil Prices Rose Slightly as the EU raise expectations that sanctions on Russia will tighten.
London, November 19, 2025, (Oilandgaspress) –––WTI for December delivery rose 1.4% to settle at $60.74 a barrel in New York.
Brent for January climbed 1.1% to settle at $64.89 a barrel.
LUFKIN Industries, a pioneer in rod lift optimization solutions, products, automation and software technologies and services, announced the launch of SROD™ V9.2.0. The intelligent rod design solution enables operators to confirm optimal well designs in minutes to realize greater well production and faster ROI. Creating manual iterations of 20 unique well designs can take up to 20 hours of engineering time, delaying production. SROD V9.2.0’s Multi-Case Generation Wizard enables engineers to define design criteria such as pump depth, rod string configuration, production targets, and failure thresholds to automatically generate multiple well design scenarios in just minutes to identify the configurations that optimize production and minimize workovers. This eliminates the need for engineers to manually adjust and re-calculate well designs, speeding decision making to improve profitability. Read More
Valeura Energy Inc. announce that it has received Toronto Stock Exchange (“TSX”) approval of the Company’s notice of intention to make a new Normal Course Issuer Bid (“NCIB”). The NCIB will commence on November 20, 2025 and end on November 19, 2026, or such earlier date as Valeura may determine or upon completion of purchases pursuant to the NCIB. Under the NCIB, Valeura may purchase up to 6,298,884 of its common shares (“Shares”), representing approximately 10% of the public float of Shares as at November 6, 2025. As at November 6, 2025, there were 105,716,754 Shares outstanding.
Valeura’s management and board feel the NCIB is an important tool to facilitate offsetting natural dilution and to reduce the total Shares outstanding. This reflects the Company’s belief that the market price of the Shares may not reflect Valeura’s intrinsic value and future prospects. The Company believes the purchase of Shares may represent an appropriate use of Valeura’s financial resources to enhance shareholder value.
New NCIB
Purchases made pursuant to the NCIB will be made in the open market through the facilities of the TSX and/or through alternative Canadian trading systems and all Shares purchased pursuant to the NCIB will be cancelled. The number of Shares that can be purchased is subject to a daily maximum, subject to certain exceptions, of 71,382 Shares, which is equal to 25% of the average daily trading volume for the Shares on TSX for the period May 1, 2025 to October 31, 2025. Valeura will also employ an automatic share purchase plan with a designated broker, which will allow for purchases of Shares at pre-determined levels at times when Valeura would not otherwise be active in the market due to applicable regulatory restrictions or internal trading black-out periods. Read More
XPeng Motors released its financial results for the third quarter of 2025, with several core metrics, including deliveries, total revenue, gross margin, and cash reserves, reaching record highs. XPeng Motors’ total revenue for the third quarter was RMB 20.38 billion, a 101.8% increase compared to the same period in 2024; total deliveries reached 116,007 units, a 149.3% year-on-year increase, setting a new record for quarterly deliveries; gross margin reached 20.1%, a 4.8 percentage point year-on-year increase, also setting a new record for quarterly deliveries. As of September 30, 2025, cash and cash equivalents, restricted cash, short-term investments, and time deposits totaled RMB 48.33 billion. In the fourth quarter of 2025, XPeng Motors expects to deliver a total of 125,000 to 132,000 vehicles, representing a year-on-year increase of 36.6% to 44.3%; and expects to generate total revenue of RMB 21.5 billion to RMB 23 billion, representing a year-on-year increase of approximately 33.5% to 42.8%. .Read More
During the 30th Conference of the Parties (COP30) to the United Nations Framework Convention on Climate Change, the Publicity and Education Center of the Ministry of Ecology and Environment and the Dadao Climate Change Promotion Center jointly held a press conference at the conference’s press center for the “2025 Enterprise (Park) Climate Action Case Collection” (hereinafter referred to as the “Case Collection”). XPeng Motors’ “XPeng Green Home” environmental science education project was successfully selected for the Case Collection for its innovative exploration in promoting public climate literacy. XPeng Motors consistently regards “technology + sustainability” as its guiding principle for long-term corporate development. Its actions extend beyond the entire product lifecycle and supply chain to public spaces such as classrooms and communities. Through systematic carbon reduction throughout the product lifecycle and public environmental science education, XPeng Motors actively responds to the national “dual carbon” goals, transforming cutting-edge technology and low-carbon science into tangible educational experiences for young people. This lays a solid public foundation for promoting low-carbon social transformation and gathers broader social action forces. .Read More
XPeng Technology Day, themed “Emergence,” was successfully held at the XPeng Technology Park in Guangzhou. At the event, XPeng Motors launched four important applications centered around “physical AI,” including the second-generation XPeng VLA, XPeng Robotaxi, the all-new IRON, and two flight systems from Huitian, outlining a clear vision of the future of physical AI-powered mobility. Furthermore, these four AI applications already have clear mass production plans, proving that “physical AI” is not a distant dream, but a reality within everyone’s reach…Read More
XPeng Motors announced its financial results for the third quarter ended September 30, 2025.
Third Quarter 2025 Operations and Financial Results Summary:
In the third quarter of 2025, XPeng Motors delivered a total of 116,007 vehicles, representing a year-on-year increase of 149.3% and a quarter-on-quarter increase of 12.4%, setting a new record for quarterly deliveries.
In the third quarter of 2025, XPeng Motors’ total revenue was RMB 20.38 billion, up 101.8% year-on-year and 11.5% year-on-year, setting a new record for a single quarter.
The gross margin in the third quarter of 2025 was 20.1%, a record high, representing a year-on-year increase of 4.8 percentage points.
The gross margin for automobiles in the third quarter of 2025 was 13.1%, an increase of 4.5 percentage points compared to the same period in 2024.
As of September 30, 2025 , cash and cash equivalents, restricted cash, short-term investments and time deposits totaled RMB48.33 billion, an increase of approximately RMB760 million compared to June 30, 2025, marking a record high in cash reserves.
As of September 30, 2025, XPeng Motors had a total of 690 stores, covering 242 cities.
As of September 30 , 2025, XPeng Motors’ self-operated charging station network has further expanded to 2,676 charging stations, including 1,623 XPeng S4 and S5 ultra-fast charging stations..Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $60.23 | Down |
| Crude Oil (Brent) | USD/bbl | $64.37 | Down |
| Bonny Light 18/11/25 CBN | USD/bbl | $64.87 | Down |
| Dubai | USD/bbl | $65.00 | Down |
| Natural Gas | USD/MMBtu | $4.40 | Down |
| Murban | USD/bbl | $65.75 | Down |
| OPEC basket 18/11/25 OPEC | USD/bbl | $64.54 | Down |
| At press time November 19, 2025 |
Valeura Energy Inc. reports its unaudited financial and operating results for the three and nine month periods ended September 30, 2025.
Q3 Highlights
Oil production of 23.0 mbbls/d(1) and oil sales of 2.2 million bbls;
Average realised price of US$72.1/bbl, generating revenue of US$155.7 million;
Adjusted EBITDAX of US$80.7 million(2) and adjusted after tax cashflow from operations of US$73.2 million(2);
Cash and net cash balance as of September 30, 2025 of US$248.4 million(2,3), with no debt;
Adjusted working capital as of September 30, 2025 of US$275.2 million(2);
Successful ten-well drilling campaign at block G11/48, resulting in a production increase to 24.8 mbbls/d at quarter-end(1,4);
Major offshore acreage expansion through strategic farm-in agreement in the Gulf of Thailand(5);
Continued progress on the Wassana field redevelopment project; and
Recognised by Report on Business Magazine as Canada’s No. 1 Top Growing Company, based on three-year revenue growth of 20,064%.
Recent Achievements
Entered into a joint venture agreement with a subsidiary of Transatlantic Petroleum LLC (“Transatlantic”) to explore and develop the deep rights formations of the Thrace basin of northwest Türkiye; and
Recent drilling on the Jasmine field has resulted in production for the month of November to date of 24.5 mbbls/d(1,6). Read More
BW Offshore and BW Group have established a 50/50 joint venture entity (JV), BW Elara, to design and build Floating Desalination Units (FDUs), producing fresh water from salt water to address growing global water constraints. The FDUs will combine BW Offshore’s experience from developing over 40 floating production units with BW Water’s 35-year desalination expertise to offer a rapidly deployable fresh water solution.
BW Offshore will oversee the overall FDU project execution, including hull design and construction, and system integration, and will co-invest alongside a company affiliated with BW Group; and BW Water will design and build the desalination plant using its custom-engineered reverse osmosis systems.
Access to fresh water is an emerging global challenge. While permanent infrastructure remains the typical long-term solution, there is a widening gap between immediate water requirements and availability in many areas. This challenge is particularly acute in mid-size municipal and industrial settings, where existing emergency water supply options such as containerised units are insufficient to meet demand, while large onshore desalination plants take too long to address urgent needs.
Developed over the last two years on proven technology, the FDU concept offers a flexible and scalable solution to bridge that gap. A ready-built FDU can be deployed and fully operational within as little as three months from contract signing. The modular unit can supply 20 to 40 million litres of drinking water per day. It is ideal for urgent deployment in response to droughts, delays in land-based desalination projects and temporary industrial demand spikes. The JV sees clear market potential underpinning our intention to develop and operate a multi-regional fleet over time. Read More
The shares in BW Offshore Limited will trade ex dividend USD 0.0625 per share as from today, 19 November 2025.
Dividend payment to shareholders will be on or about 28 November 2025.
This information is published in accordance with the requirements of the Continuing Obligations.Read More
BW Energy has completed drilling operations on the Kharas-1 appraisal well in the Kudu license area, offshore Namibia. The well reached a total depth of 5,100m and intersected multiple reservoir intervals. The well will now be plugged, and abandoned in line with the planned program.
Several shallow turbidite reservoirs with dry-gas shows were encountered, and reservoir properties from these and the acquired whole core are now being evaluated.
In the deeper section of the well, hydrocarbons were encountered in a fractured volcaniclastic reservoir. This confirms a working petroleum system with condensate and/or light oil. Further analysis is ongoing to determine the extent of the system and to characterise reservoir properties and appraisal options. .Read More
Saab, Boeing and BAE Systems have signed a Letter of Intent to collaborate on the Royal Air Force fast-jet trainer programme, leveraging T-7 as the core of the training system and creating a path for three companies to support future international pilot training opportunities.
Saab, Boeing and BAE Systems will offer innovative training solutions to best prepare RAF pilots for the future international pilot training opportunities.
“Together, Boeing with Saab and now BAE Systems will offer innovative training solutions to best prepare RAF pilots for the future, including advanced fourth-, fifth- and sixth-generation fighters,” said Bernd Peters, vice president of Boeing Defense, Space & Security’s Business Development & Strategy. “This collaboration enhances the best of our technological capabilities, strengthens the transatlantic industrial base and offers opportunities for cooperative development.”
The requirement for a new UK Advanced Jet Trainer was set out in the 2025 Strategic Defence Review. BAE Systems will lead the activity, which will include a UK-based final assembly, creating high-value jobs in the UK. The companies will collaborate on a training system integrating live and synthetic training capability and associated mission systems and will explore further opportunities for growing the UK supply chain on the aircraft.
“The strong partnership between Boeing and Saab developed the T-7 to be the world’s best solution for future pilot training. By working with BAE Systems, Saab believes the UK can gain a worthy successor to the Hawk that is the right choice for pilots for decades to come,” said Saab’s head of business area Aeronautics Lars Tossman.
Simon Barnes, Group Managing Director, BAE Systems’ Air sector, said: “Our new collaboration with Boeing and Saab will enable us to present a compelling offer to the UK Royal Air Force and our global customers, leveraging the latest tech innovation in training systems and a world-class jet trainer aircraft. We’re committed to ensuring this solution offers the best overall outcome for the nation to support the UK’s combat air readiness and deliver economic benefit.”
The T-7A Red Hawk, selected by the U.S. Air Force in 2018 for its advanced pilot training system, is the centrepiece of this collaboration. The T-7A is a leading-edge, integrated-live, virtual and constructive fourth-, fifth- and sixth-generation aircrew training system that delivers a multi-generational leap in capability. Its versatile design allows it to adapt to changing technologies and mission requirements, training new pilots to fly the most advanced multi role fighter/fast-jet and bomber aircraft in the world. Read More
Saab has made a strategic investment in Pythom, a space technology company with Swedish roots developing lightweight and rapidly deployable rockets designed to make space access more flexible, affordable and resilient. With operations in Sweden and the United States, Pythom’s innovative approach to rocket development focuses on affordability, simplicity, and speed — qualities that align with Saab’s long-term vision for dispersed and resilient launch infrastructure.
The investment in Pythom supports Saab’s strategy to close capability gaps in the space domain, accelerate innovation in areas critical to national security, and strengthen Sweden’s space capabilities. This aligns with Saab’s ambition to contribute to emerging global space-related defence requirements. . Read More
Toyota Motor North America, Inc., announced an investment of 912 million USD in five manufacturing plants in the United States involved in hybrid vehicle production to meet growing demand for the vehicles in the U.S. The plants to receive the investment are the Buffalo plant in West Virginia, Georgetown plant in Kentucky, Blue Springs plant in Mississippi, Jackson plant in Tennessee, and Troy plant in Missouri.
The investment is part of the up to 10 billion USD additional investment plan over the next five years in the U.S., announced on November 13. Since Toyota’s entry into the U.S. market nearly 70 years ago, total investment is expected to reach nearly 60 billion USD.
The additional investment is part of Toyota’s “best-company-in-town” approach―investing and producing locally, contributing to the local community and offering diverse options tailored to local needs through a multi-pathway strategy. In the U.S., Toyota employs approximately 50,000 people and has been involved in the development and manufacturing of over 35 million vehicles across 11 manufacturing plants. Read More
Equinor’s investigation identifies venting from the MEG tanks as the main source causing the exposure incidents and that several factors have occurred simultaneously for the events to happen. Wind conditions caused the gas to descend to ground level, where personnel were working. During a period of high activity at Hammerfest LNG (HLNG), from summer 2024 to summer 2025, 37 people sought medical attention on four different occasions and nine people were absent from work following the exposure incidents. Some experienced health issues such as headaches, nausea and dizziness, while others noticed nothing. Reactions to vented gas and the associated odour is a cause of the various health issues experienced by personnel, but it is unlikely that the exposure has led to long-term health issues.The report points to insufficient risk assessment before the project-start up and follow-up as the reason why several incidents occurred during the one-year period. Read More
The nomination committee in Equinor ASA recommends that the company’s corporate assembly elects Jarle Roth as new member of the board of directors of Equinor ASA. The nomination committee recommends Jarle Roth as new member of the board of directors.
Jarle Roth is an independent advisor. Roth has held CEO roles in multiple Norwegian companies, including at Eksportkreditt Norge AS, Arendals Fossekompani ASA, Umoe Group, Schat-Harding and Unitor ASA. .Read More
ExxonMobil, Chevron Corp., ADNOC, as well as U.S. private equity giant Carlyle Group are among companies interested in Lukoil PJSC’s international assets, a sale hastened by U.S. sanctions due to kick in next month.
Suitors are lining up to look at the various parts of Russian energy giant’s sprawling international business, with some potential buyers only interested in specific assets, according to people familiar with the situation. But one potential problem is that Lukoil favors selling the assets as a single package ahead of sanctions due to take effect Dec. 13, one of the people said. This raises the possibility of a two-step process in which one buyer — such as a financial firm — acquires all of Lukoil’s non-Russian assets and then resells them piecemeal over time. A key detail in the process is that the Trump administration would prefer that Lukoil’s global assets are taken over by a U.S. entity, a fact that may limit the pool of potential buyers, people with knowledge of the matter said. A spokesperson for the U.S. Treasury didn’t immediately respond to a request for comment. Read More
Moody’s Ratings just published their EMEA Corporates 2026 Outlook.“2026 Outlook – stable as growth strengthens, financial conditions easier” Marie Fischer-Sabatie, Senior Vice President at Moody’s and lead author of this outlook, commented: “While we expect growth to remain subdued in many large European economies, and uncertainty about the effect of shifts in global trade and tariffs persists, we still expect a gradual strengthening in the region’s economies in 2026. Coupled with benign financing conditions — tight credit spreads and generally low interest rates that are easing refinancing — that will support creditworthiness for the region’s companies.”
Key highlights from the report:
• Stable Outlook: The outlook for EMEA corporates in 2026 is stable, with growth expected to pick up modestly and financial conditions easing.
• Trade & Tariffs: While uncertainty about global trade and tariffs persists, EMEA companies have so far only felt limited effects from US tariffs.
• Drivers of Credit Conditions: Political polarization, digital disruption (including the advance of AI), and efforts to boost EU competitiveness will be major factors influencing credit conditions.
• Sector Challenges & Opportunities: The autos, chemicals, and energy sectors continue to face challenges, while higher European defense and infrastructure spending will boost some industries.
• GCC Region: Companies in the GCC region are set to benefit from solid demand, favourable economic policies, and ongoing investments in infrastructure and technology.
• Risks to the Outlook: The report also outlines key risks that could shift the outlook, including geopolitical tensions and changes in financial conditions. Read More
Baker Hughes Rig Count: International -25 to 1059, :U.S. +1 to 549 Canada -3 to 188
U.S. Rig Count is up 1 from last week to 549 with oil rigs up 3 to 417, gas rigs down 3 to 125 and miscellaneous rigs up 1 to 7.
Canada Rig Count is down 3 from last week to 188, with oil rigs down 5 to 124, gas rigs up 2 to 64 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 14, 2025 | 549 | +1 |
| Canada | November14, 2025 | 188 | -3 |
| International | October 2025 | 1059 | -25 |
| Baker Hughes |
Hydro has finalized the sale of its entire ownership in the maritime battery company Corvus Energy for USD 30 million.
The transaction includes all of Hydro’s current shares in Corvus Energy. Following and as a result of the transaction, Hydro will no longer hold any stake in Corvus Energy.
Hydro has been a shareholder in Corvus Energy since 2017.
The sale aligns with Hydro’s strategic priorities and portfolio optimization efforts, where a decision to no longer prioritize batteries as a core growth area was communicated at the company’s Capital Markets Day 2024. Read More
Nissan Motor Co., Ltd. has received its nineth consecutive gold award in Japan from the Work With Pride organization for being an LGBTQ+-friendly workplace. Work With Pride cited Nissan’s active involvement in addressing the needs and concerns of sexual minorities through various internal and external activities in Japan. Work With Pride promotes LGBTQ+-friendly human resource management practices and rates Japanese companies using its Pride Index. The index evaluates corporate policies for LGBTQ+ representation, awareness-raising, human resource systems and programs, community work, and public relations. Nissan has expanded its initiatives in Japan to create a workplace that is comfortable for sexual minorities. Nissan regularly provides e-learning, seminars and other educational activities for all employees to raise awareness and promote understanding of LGBTQ+. .Read More
ADNOC Technical Academy (ATA) marked the graduation of 403 UAE National technicians equipped with foundational applied skills in artificial intelligence (AI) and robotics across the energy value chain, underscoring its role in developing a highly-skilled national workforce empowered to contribute to reinforcing ADNOC’s role as a reliable energy producer that enables national economic development.
The graduates undertook a rigorous vocational curriculum spanning two years in one of the four specializations: electrical maintenance, instrumentation and mechanical maintenance as well as processing operations for the energy industry. The graduates will now take up high-skilled roles across the ADNOC Group, supporting delivery of the company’s strategy and its ambition to become the most AI-native energy company. Read More
The special “Youngtimer” exhibition at the Mercedes-Benz Museum has proven so popular with visitors that it is remaining open for six months longer than originally planned: the journey back in time to the automotive youth of the millennials can be seen in Collection Room 5 until 12 April 2026. The Museum has created a series of colourful and trendy thematic display islands to showcase not only the history of automotive technology, but also the attitude to life of a whole generation. The Mercedes-Benz Museum is open Tuesdays to Sundays from 9 a.m. to 6 p.m.
The ticket counter always closes at 5 p.m.
Registrations, reservations and the latest information: Read More
Volkswagen of America, Inc., will reveal at 10:10 a.m. PT on Thursday, November 20th, at the 2025 Los Angeles Auto Show the white-and-blue T2 Microbus that survived the California wildfires in January 2025, captured within an image by the Associated Press, and became a symbol of resiliency and hope..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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