News,commentary and analysis | November 27, 2025

Latest Oil Price: Brent $63.13/bbl, WTI Crude $58.86/bbl, OPEC $63.21/bb

London, November 27, 2025, (Oilandgaspress) –––The UK government has published its new North Sea Future Plan (26 November), setting out a long-term strategy to secure jobs, support communities, and guide the North Sea’s shift from declining oil and gas production to a clean-energy future. Although the North Sea will continue supplying energy for decades, falling oil and gas reserves have cost more than 70,000 jobs over the past decade, creating an urgent need for a managed transition. After years without a clear strategy, the government now aims to safeguard existing workers, expand clean-energy industries, and manage current oil and gas fields for the rest of their operational lifespans.

The plan fulfils the government’s manifesto commitment not to issue new exploration licences, placing the UK among global leaders in climate action and aligning with scientific warnings that new fossil-fuel exploration is incompatible with limiting global warming to 1.5°C. Read More


Iberdrola and Echelon Data Centres have formally completed their strategic alliance to develop and operate large-scale data centres in Spain, creating Echelon Iberdrola Digital Infra. With planned investments exceeding €2 billion, it is the largest European joint venture between an energy utility and a data-centre developer.

Following regulatory approval and the transaction’s completion in July 2025, the new company will begin commercial operations targeting hyperscale technology firms and AI infrastructure providers, sectors expected to see strong expansion.

The joint venture’s first major development will be Madrid Sur, a 160,000 m² data-centre campus with 144 MW of processing capacity and a 230 MW secured grid connection. The project is expected to create around 1,500 direct and indirect jobs and consume approximately 1 TWh of electricity. Its power demand will be met through a dedicated photovoltaic plant and additional renewable energy supplied by Iberdrola, ensuring 100% clean electricity. Read More


At the 30th UN Climate Change Conference (COP30) in Belém, Brazil, ORLEN joined a select group of global companies and financial institutions pledging to adopt the Taskforce on Nature-related Financial Disclosures (TNFD) framework in their non-financial reporting. As one of the first Polish organisations to make this commitment, ORLEN will begin incorporating information on its nature-related impacts and dependencies into its ESG disclosures. Read More


ORLEN has signed a contract with its Ukrainian partner, Naftogaz, for the supply of 300 million cubic metres of natural gas from the US in the first quarter of 2026. The deal follows an agreement concluded between the companies during the Transatlantic Partnership for Energy and Climate (P-TEC) Summit, held in Athens in early November 2025. Under the contract, ORLEN will supply Naftogaz with gas sourced from three cargoes of US liquefied natural gas (LNG) during the first quarter of 2026. The transaction is concluded on an arm’s length basis. ORLEN will be responsible for sourcing and delivering the commodity. Leveraging its own LNG carrier fleet and reserved regasification capacity, the Company is positioning itself as a significant player in the global liquefied natural gas (LNG) market. Building on a diversified and flexible gas procurement portfolio, ORLEN is consistently expanding its footprint across the Central and Eastern European region. Read More


ORLEN Kolej has signed contracts worth over PLN 800 million to purchase 40 new locomotives from Polish manufacturers PESA and Newag.
The order includes 20 Gama 304E units from PESA and 20 Dragon 2 E6ACTadnb units from Newag, all equipped with modern 5–5.6 MW engines. The locomotives, to be delivered in 2027–2028, are expected to run 5.5 million km annually and use about 30% less energy than older models, reducing operating costs and environmental impact. Production will involve over 5,500 workers at the manufacturers’ facilities. Read More


Orlen plans to buy the remaining 37.6 million shares of its utility subsidiary Energa for about 709 million zlotys, offering 18.87 zlotys per share.
This move would give Orlen full ownership of Energa and support its broader energy-transition strategy. Shareholders can tender their shares from December 1–17, and Orlen may also begin purchasing shares on the market starting November 27. Orlen, which gained majority control of Energa in 2020, is carrying out a 380-billion-zloty investment plan focused on renewables, offshore wind, low-emission generation, and nuclear energy. Read More


Iberdrola – Saint Brieuc 310823

Iberdrola has launched a bid to acquire the remaining 16.2% of Neoenergia, aiming to take full ownership of its Brazilian subsidiary.
The offer matches the price paid in Iberdrola’s recent purchase of PREVI’s 30.29% stake—32.5 reais per share, adjusted by Brazil’s SELIC rate—amounting to an estimated €1.03 billion before adjustments.

Taking Neoenergia fully private will simplify its corporate structure, improve operational and financing flexibility, and cut costs tied to maintaining its stock market listing.

The deal underscores Iberdrola’s commitment to Brazil, where Neoenergia—responsible for electricity supply to nearly 40 million people—operates major distribution and transmission networks across multiple states and holds 3,800 MW of mostly hydro renewable generation. Read More


Iberdrola has announced the renewal of its support for the Royal Spanish Football Federation until 2030, consolidating its position as the main promoter of women’s football. The announcement was made during a visit by its executive chairman, Ignacio Galán, to the senior team’s training camp at the Ciudad del Fútbol in Las Rozas, where the team is preparing for the 2025 Nations League final, in which it will face Germany in a doubleheader. The event was attended by the president of the Royal Spanish Football Federation, Rafael Louzán. Read More


CATL has become the first company in China to receive a conditional exemption for road transport of lithium-ion power and energy-storage batteries, shifting them from “special supervision” to a “safety exemption.” This marks a major milestone for China’s new-energy infrastructure and improves the efficiency and cost-effectiveness of transporting batteries nationwide.

CATL earned the exemption thanks to its multi-level safety system—covering materials, design, intelligent manufacturing, and extensive testing—with battery cell failure rates kept at parts-per-billion levels. Its batteries meet all new national standards and have passed the UN38.3 hazardous goods transport test and thermal-stability tests for road transport. As the first national pilot enterprise, CATL is helping build a safer, scalable, and more efficient logistics model for China’s rapidly growing EV and energy-storage sectors. Read More


CATL and Stellantis have broken ground on a major lithium iron phosphate (LFP) battery plant in Aragon, Spain, marking one of the largest Chinese industrial investments in the country.

The €4.1 billion facility, powered entirely by renewable energy, is slated to start production by end of 2026 and deliver up to 50 GWh of LFP batteries annually for electric vehicles.

Spanish officials highlighted the project as a strategic milestone for Spain’s energy transition, industrial modernization, and its role in Europe’s electrification efforts. Read More


Eni, via its joint venture Azule Energy with bp, inaugurated the NGC Gas Treatment Plant in Soyo, northern Angola.

The facility, Angola’s first non-associated gas development, processes approximately 400 million standard cubic feet of gas per day and 20,000 barrels of condensate daily. Gas from the offshore Quiluma and Maboqueiro fields is treated at the plant and supplied to the Angola LNG plant for both export and domestic use. The inauguration was attended by Angola’s President João Lourenço, the Minister of Mineral Resources, Petroleum and Gas, and the Chairman of ANPG.Read More


The ADAC Opel GSE Rally Cup will kick off the 2026 season with many new features and a highly attractive schedule. The new Opel Mokka GSE Rally has been undergoing an intensive testing and development programme for several months now. The world’s first rally car being developed according to the FIA’s new eRally5 regulations will replace the Opel Corsa Rally Electric from next season onwards. With a peak power output of 207 kW (281 hp) and 345 Newton metres of torque, the Mokka GSE Rally sets new standards in electric rallying.With the new Opel Mokka GSE Rally and under the new name ‘ADAC Opel GSE Rally Cup’, the upcoming rally season promises to be even more powerful, more international and more exciting. Read More


On November 25, the International Day for the Elimination of Violence against Women, Stellantis reinforced its unwavering commitment to a culture of respect, equality, and safety for all women worldwide.

Violence against women, in all its forms, is a fundamental violation of human rights and has absolutely no place in Stellantis or in society, and Stellantis people stand united to condemn gender-based violence.

This day is not just about condemnation, it’s a powerful call to awareness, action, and prevention. A safe workplace, and a safe world, starts with understanding the diverse and often subtle ways violence can manifest. It requires all of us to recognize the signs, speak up, and act with integrity.

Therefore the Stellantis Diversity & Inclusion Brand Ambassadors became the main actors of a strong and emotional digital campaign that speaks out against violence, sharing a united message, focusing on the distinct forms of violence we must eliminate.

The digital campaign has been supported even by flyers’ distribution in all the European plants of Stellantis. Read More


The UK government will cut household energy costs, including an average £150 reduction in energy bills from April 2026.

Key points:

The £150 Warm Home Discount will be extended to around 2.7 million additional low-income households, bringing total recipients to up to 6 million.

The Energy Company Obligation (ECO) funding will end on 31 March 2026, and 75% of Renewables Obligation (RO) costs will be shifted to general taxation, reducing policy costs on bills.

Ofgem updates the energy price cap quarterly; the next cap for April–June 2026 will be announced in February 2026.

While these measures reduce policy-related costs, the largest portion of bills (≈40%) remains driven by global wholesale energy prices. Other costs include investments in energy infrastructure to maintain secure and reliable supply. Read More


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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Victor Cole , victor@oilandgaspress

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