London, November 10, 2025, (Oilandgaspress) –––Egyptian Ministry of Petroleum and Mineral Resources reportedly announced a new natural gas discovery in the Badr-15 area in the Western Desert. The ministry stated that the discovery is expected to add around 15 billion cubic feet of gas to the reserves, coming from the Lower Bahariya reservoir.
The Asset Management Corporation of Nigeria (AMCON) has intensified its intervention in the troubled oil services firm, General Hydrocarbons, by directing thirty-four financial institutions across the country to freeze the company’s assets. The move comes as the firm, majority-owned by Nduka Obaigbena, chairman and editor-in-chief of THIS DAY newspaper and ARISE Media Group, remains under receivership.
In letters dated 6 November 2025, the law firm Adedeji & Owotomo, LLP, acting for Seyi Akinwunmi—the receiver/manager appointed by AMCON—urged banks, including First Bank Limited, to comply with a Mareva injunction issued by the Federal High Court in Lagos on 24 October. The injunction prohibits the banks from releasing or dealing with any funds or assets belonging to General Hydrocarbons pending the determination of a motion on notice in a related lawsuit.
The letters explicitly instructed the banks to freeze all accounts, deposits, and assets of the company and to refrain from acting on any instructions related to General Hydrocarbons until the court rules on the matter.. Read More
Reference is made to the press release issued by GreenH AS on November 7, 2025, announcing that the company has taken investment decisions and is progressing its hydrogen projects as planned. Nel ASA announced that it has entered into an agreement with GreenH to be the technology provider for the Enova-supported projects in Kristiansund and Slagentangen.
GreenH develops, builds, owns, and operates hydrogen production facilities based on renewable energy. The company aims to establish a network of distributed hydrogen production sites to enable decarbonization in the maritime, transport, and industrial sectors. GreenH focuses on scalable solutions located close to end users, reducing logistics costs and supporting the development of efficient, regional hydrogen value chains.
The facilities in Kristiansund and Slagentangen are intended to supply green hydrogen to industrial and maritime users and form part of GreenH’s broader efforts to establish a network of distributed hydrogen production in Norway.
“We have worked together with Nel on finding the right electrolyser concept for Kristiansund and Slagentangen over a longer period. We are very pleased with the signing of this agreement and thereby bringing in Nel as a partner on these two projects that are very important for GreenH,” says Morten Solberg Watle, CEO of Green H AS
“We are pleased to support GreenH in developing regional hydrogen infrastructure in Norway, and we look forward to working together as they move forward,” says Håkon Volldal, CEO and President of Nel ASA.
Nel has entered into an agreement regarding delivery of electrolyser equipment, including associated engineering and technical support. Final scope, size, and delivery schedules will be confirmed later, but will be minimum 10 MW per site, totaling more than 20 MW. Read More
The maritime sector’s leading awards event, The Maritime Standard (TMS) Awards 2025, has announced this year’s winners, honouring outstanding companies and industry leaders from across the Middle East and Indian Subcontinent. The Awards showcased achievement and innovation in 25 categories covering shipping, logistics, ship repair, offshore services, marine technology and related sectors, as well as a series of special awards for individual achievement. The prestigious event took place at Atlantis The Palm, Dubai on October 29th, attracting over 1000 senior executives, decision-makers and industry leaders, from the region, and across the globe.
Held under the patronage of H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group, the event recognised organisations and individuals for setting new standards in operational excellence and leadership in the sector amid significant shifts in the industry, including decarbonisation, digitalization, and a renewed emphasis on supply chain resilience. From clean-fuel projects and AI-powered port operations to international collaborations that boost trade efficiency, the 2025 Awards showcased the industry’s progress in turning goals into tangible outcomes.
The evening was hosted by Yalda Hakim, a renowned international correspondent and documentary filmmaker, whose engaging presence added distinction to the occasion. The keynote address was delivered by Captain Abdulkareem Al Masabi, CEO of ADNOC Logistics and Services, who shared valuable insights on the evolving maritime landscape and the UAE’s leadership in advancing sustainable and innovative practices across the sector.. Read More
Government support to get quantum to work faster, boosting UK’s health, defence, energy and more
National Quantum Technologies Showcase brings thousands of researchers, investors, and global policymakers together in London, the UK government is taking another step forward to unlock quantum’s vast potential to drive economic growth and national renewal, and help tackle major challenges like health and climate change that are central to the Plan for Change.
A raft of announcements have been made ahead of the Showcase, backed by millions of pounds worth of funding. This includes the launch of international partnerships to keep the UK at the forefront of quantum globally, as well as the building of important quantum research infrastructure.
This includes the announcement of 14 projects sharing £14 million through Innovate UK’s Quantum Sensing Mission Primer awards, to support the development of next -generation sensors that could be used in healthcare, transport, and defence. This ranges from a new type of portable eye scanner that could replace the large and expensive OCT machines currently relied on hospitals, to a new type of sensor that would let civil engineers detect buried structures without the need for costly excavation works. Some of the companies being supported are brilliant examples of UK tech spinouts – like Cerca Magnetics, which was founded off the back of research at the University of Nottingham. Read More
Speech by Energy Minister Michael Shanks to the Cornwall Insight annual energy conference 2025.
Energy matters.
Not just energy bills, energy shocks, but some of the more technical stuff once found only in the pages of industry journals.
The future of our energy mix, the transmission network, long duration energy storage, energy jobs, our North Sea, the current focus on energy points to a wider truth.
As a country we are at a fork in the road, and face some major decisions about our future.
The system that has powered our homes and businesses, kept the lights on, underpinned the fabric of everyday life, was constructed, both physically and ideologically, in the 20th century.
And it is not working for working people as it once did, not just because the infrastructure is ageing, but because, ideologically, the idea that we can have energy security while dependent on fossil fuels whose prices are set globally has come crashing down.
We need an energy system for this new era of global insecurity.
But we face choices, huge choices, about how we get there.
There are 2 paths ahead of us. Read More
UK reaffirms support for Ukraine
UK Military Advisor, Lt Col Joby Rimmer counters the false narrative that Russia ‘never targets civilians’ in Ukraine. Verified evidence suggests unacceptable targeting of civilians and infrastructure. The UK calls for accountability and clear answers from Russia. Read More
During the ADIPEC 2025 Conference and Exhibition in Abu Dhabi, the Egyptian Natural Gas Holding Company (EGAS) and the SLB–Viridien alliance signed the first agreement to maximize the utilization of gas resources in the Eastern Mediterranean. This is in addition to boosting investment opportunities in gas exploration and production activities in Egypt. This partnership will intensify well-drilling activities and boost increased domestic production.
Spanning an area of 18,000 square kilometers, the project will be implemented in three phases, with the first phase commencing in 2026. Read More
Petrobras’ Henrique Lage Refinery (Revap), located in São José dos Campos (SP), produced asphalt with renewable content on a large scale for the first time in Brazil, combining mineral streams with plant-based components. Around 3,000 tons of the product were produced and marketed, maintaining the performance of conventional asphalts while reducing the environmental impact of paving.
The new asphalt with renewable content, called CAP Pro R, contains a vegetable-based oil with specific characteristics that give the product suitable properties for paving and industrial applications, in addition to strong synergy with the refining of Brazilian crude oils. The pre-production tests were conducted at Petrobras’ Research, Development, and Innovation Center (CENPES), and the product was successfully applied on roads within the University City on Fundão Island (RJ). The asphalt with renewable content produced at Revap is now part of Petrobras’ CAP Pro asphalt line. The products in this line are more sustainable and provide solutions for a low-carbon future, while also meeting the requirements of the National Agency for Petroleum, Natural Gas and Biofuels (ANP).. Read More
Petrobras has put the Harpia supercomputer into operation. The machine, equivalent to 10 million cell phones or 200,000 laptops, will help the company maintain its leadership in processing capacity in Latin America. Valued at R$435 million, it is the largest of the five new supercomputers purchased by the company, which together cost R$500 million and will increase Petrobras’ computational capacity by more than 60%.
The acquisition of new supercomputers is strategic in keeping the company at the technological forefront of the oil and gas sector in subsurface seismic imaging. Petrobras’ trajectory is marked by the constant pursuit of excellence in everything it does. That is why the company invests in R&D&I and in the most advanced technological resources, whose results are recognized by both the industry and society.
The new HPC, High Performance Computer, will be used by Petrobras geophysicists to process raw seismic data and transform it into detailed images of the subsurface. “It’s like creating a 3D map of the rock layers beneath the surface, with much sharper and more accurate images of geological structures—essential for identifying petroleum systems and potential oil and gas reservoirs,” explains Petrobras Exploration and Production Director, Sylvia Anjos. . Read More
Petrobras and Amazon Brazil have entered into a Memorandum of Understanding (MOU) to explore possibilities of collaboration in advancing the development and implementation of low-carbon fuel solutions in logistics activities in Brazil. The MOU sets guidelines to identify opportunities that integrate Petrobras’ expertise in energy with Amazon Brazil’s commitment to decarbonization. The transportation sector represents a significant opportunity for carbon reduction through the adoption of more sustainable fuels and improved operational efficiency. The MOU takes place as companies across various industries accelerate sustainable practices and strengthen commitments to support the country’s climate agenda, reducing carbon emissions while fostering economic growth with environmentally responsible operations. . Read More .
TA’ZIZ announced the signing of two product sale agreement term sheets with The Sanmar Group, a leading global producer of polyvinyl chloride (PVC) and specialty chemicals, for the supply of key petrochemical feedstocks.
The agreements were signed during ADIPEC in the presence of His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, and Ambassador Navdeep Suri, the former Indian Ambassador to the UAE and Egypt, Chairman, TCI Sanmar Chemicals, and board member of The Sanmar Group.
Under the terms of the long-term agreements, which are up to 10 years, TA’ZIZ will supply Sanmar with over 350,000 tonnes per annum of ethylene dichloride (EDC) and vinyl chloride monomer (VCM). The products will be produced at the TA’ZIZ Chemicals Industrial Zone in Al Ruwais Industrial City, Al Dhafra region, Abu Dhabi and represent the first time either chemical has been exported from the UAE. VCM and EDC are critical raw materials in the production of PVC, a versatile thermoplastic used in a wide range of industrial and consumer applications. These chemicals will support The Sanmar Group’s PVC production in Port Said, Egypt and Cuddalore, India. Through this initiative, TA’ZIZ is boosting the production of UAE-made chemicals and enhancing the competitiveness of the country’s chemicals sector, both domestically and in global markets. Read More
ADNOC has signed a strategic partnership with Comera Financial Holdings to enhance financial access for ADNOC’s UAE-based small and medium enterprises (SMEs) and suppliers. The collaboration will launch a financing program, enabling SMEs and suppliers to access working capital more efficiently to enable them to more swiftly deliver on ADNOC purchase orders (PO).
The initiative will boost access to liquidity while enabling scalable operations and sustainable growth for the suppliers and SMEs. The partnership reinforces ADNOC’s commitment to supporting local businesses and advancing the UAE’s economic diversification by providing practical solutions that empower SMEs to thrive and compete globally. As part of the agreement, ADNOC and Comera Financial Holdings will create an intelligent, automated platform that directly connects SMEs and suppliers awarded ADNOC contracts to lender support. Read More
ADNOC has announced AED54 billion ($14.7 billion) worth of contracts awarded to UAE suppliers in the second half of 2025, as it showcased new business opportunities for the private sector in its 2026-2027 procurement pipeline at the ninth edition of its Business Partnership Forum, held on the sidelines of ADIPEC, the global energy event taking place in Abu Dhabi.
The contracts – spanning strategic services, drilling, maintenance, logistics, digital solutions and major projects across the ADNOC Group – underscore ADNOC’s role in driving the UAE’s economy by creating business opportunities for domestic manufacturers, suppliers and service providers. They also reflect ADNOC’s determination to strengthen its supply chain efficiency, enhance local market competitiveness, and drive sustainable growth across its operations.
Under the theme ‘From Outlook to Outcome – Partnering for National Growth’, the forum provided an overview of procurement opportunities for private-sector companies, small and medium-size enterprise (SMEs) and technology partners, reinforcing ADNOC’s role as a key enabler of the UAE economy and a trusted business partner. In conjunction with the forum, ADNOC signed framework agreements with Emerson Process Management Distribution Limited, Yokogawa Middle East & Africa, and ABB Transmission & Distribution Limited valued, Schneider Electric and Honeywell at AED2.6 billion ($708.5 million) for integrated control and safety system, emergency shutdown system, automation, control and monitoring system, and fire and gas system products that will be manufactured in the UAE. These long-term agreements will strengthen ADNOC’s digitalization efforts and enhance operational reliability, localize advanced technologies and develop local talent. Read More
12 new local manufacturing facilities and final investment decisions (FIDs) – to boost UAE’s industrial sector – were announced during ADIPEC by UAE-based and international companies, enabled by ADNOC’s In-Country Value (ICV) program. These milestones showcase tangible outcomes of the ICV program across key industrial zones in Abu Dhabi, Al Ruwais, Al Ain, Ras Al Khaimah, and Sharjah to build a strong, competitive industrial base in the UAE. ADNOC plans to locally manufacture AED90 billion (US$24.5 billion) worth of products in its procurement pipeline by 2030. The company’s ICV program has driven AED242 billion (US$65.9 billion) back into the UAE economy and enabled 18,500 Emiratis to be employed in the private sector since 2018. It aims to drive a further AED200 billion (US$54.5 billion) into the UAE economy over the next five years. This year’s Business Partnership Forum brought together government stakeholders, UAE-based and international companies, and suppliers to explore opportunities that boost the UAE’s industrial ecosystem and economic diversification. During the forum, ADNOC introduced enhanced systems and policy updates to simplify supplier engagement, improve transparency, and strengthen the ease of doing business with ADNOC. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $60.39 | Up |
| Crude Oil (Brent) | USD/bbl | $64.25 | Up |
| Bonny Light 07/11/25 CBN | USD/bbl | $65.69 | — |
| Dubai | USD/bbl | $64.93 | Up |
| Natural Gas | USD/MMBtu | $4.50 | Up |
| Murban | USD/bbl | $66.56 | Up |
| OPEC basket 07/11/25 OPEC | USD/bbl | $64.83 | Up |
| At press time November 10, 2025 . |
ADNOC, Masdar, XRG, and Microsoft today announced a strategic agreement to accelerate artificial intelligence (AI) deployment across ADNOC’s value chain, and to deliver energy solutions for Microsoft’s global AI and data center growth. The collaboration was announced at the ENACT Majlis in Abu Dhabi, ahead of ADIPEC. Building on ADNOC and Microsoft’s long-established partnership, the expanded agreement brings Masdar and XRG into the fold to develop sustainable energy projects and infrastructure in support of Microsoft’s global AI and data center expansion.
As part of the agreement, ADNOC and Microsoft will co-develop and deploy AI agents to drive autonomous operations and unlock greater efficiency, building on ADNOC’s successful deployment of AI solutions across its value chain. Microsoft will also provide advanced AI tools and upskilling programs, while both companies will explore a joint innovation ecosystem to create transformative solutions for the energy sector. This collaboration reinforces Abu Dhabi’s position as a global energy innovation hub, bringing together ADNOC’s industrial leadership, Microsoft’s digital expertise, and Masdar and XRG’s clean energy capabilities to responsibly advance the AI era. This latest agreement builds on ADNOC and Microsoft’s 2025 Powering Possible Report which draws insights from more than 850 global experts to understand how AI is transforming the energy sector.Read More
ADNOC, Masdar and XRG, convened over 100 global leaders from the energy, technology, investment and government sectors at the ENACT Majlis in Abu Dhabi to advance the integrated solutions needed to ignite the twin engines of energy and artificial intelligence (AI) to accelerate global growth. The ENACT Majlis, hosted by His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, explored opportunities to drive innovative solutions to maintain secure, accessible, sustainable supplies across the energy mix that ensure reliable baseload energy is available to power AI growth and meet the needs of an increasing world population.
Discussions focused on meeting energy demand growth in evolving market dynamics and building infrastructure at scale and pace through integrated approaches. Leaders also addressed the skills and pro-growth policies needed to attract and derisk the capital needed to meet combined AI and energy investment needs.
Acting as a high-level cross sector think tank, the ENACT – Energy in Action – Majlis heard electricity demand for data centers will quadruple by 2040, increasing from 105 to 450GW. In the same 15-year period, 1.5 billion people will move into cities using an additional 2 billion electric powered air conditioners. And many of them will fly for the first time, with the global airline fleet doubling from 25,000 to 50,000 planes. A White Paper setting out the key findings of the majlis will be published. . Read More
Baker Hughes Rig Count: International -25 to 1059, :U.S. +2 to 548 Canada +4 to 191
U.S. Rig Count is up 2 from last week to 548 with oil rigs unchanged at 414, gas rigs up 3 to 128 and miscellaneous rigs down 1 to 6.
Canada Rig Count is up 4 from last week to 191, with oil rigs up 2 to 129, gas rigs up 2 to 62 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 07, 2025 | 548 | +2 |
| Canada | November 07, 2025 | 191 | +4 |
| International | October 2025 | 1059 | -25 |
| Baker Hughes |
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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