London, November 12, 2025, (Oilandgaspress) –––SSE plc announced a £33bn fully-funded five-year investment programme, to transform the UK’s electricity infrastructure and deliver long-term benefits for society. The “Transformation for Growth” plan will see a major ramp-up of SSE’s capital investment over the next five years, with 80% directed towards regulated electricity networks and the remainder into renewables and flexible generation technologies.
SSE plans to invest around £22bn in its electricity transmission network in the north of Scotland, the majority of which will support 11 well-established projects, part of the Pathway to 2030 programme, that will expand and strengthen the existing infrastructure. These vital network upgrades will eliminate bottlenecks and connect clean, homegrown energy to the areas where it’s most needed.
Around £5bn will be invested in SSE’s distribution networks in the north of Scotland and central southern England. This investment will help to support huge centres of growing demand from homes, businesses and communities, as well as enabling the connection of low-carbon technologies in these areas. The remainder of the investment will support renewables and flexible generation technologies, including delivering projects such as Dogger Bank, which is currently under construction and will become the world’s largest offshore wind farm when operational. Read More
TotalEnergies and Google have signed a 15-year Power Purchase Agreement (PPA) to supply Google with a total volume of 1.5 TWh of certified renewable electricity from TotalEnergies’ Montpelier solar farm in Ohio. The solar facility, nearing completion, is connected to the PJM grid system — the largest in the United States —and will support Google’s data center operations in Ohio.
A shared vision for powering data centers
The deal reflects Google’s strategy of enabling new, carbon-free energy to the grid systems where they operate. It also aligns with TotalEnergies’ strategy to deliver tailored energy solutions for data centers, which accounted for almost 3% of the world’s energy demand in 2024.. Read More
Experiencing next-gen ProPILOT driver assist tech with AI
Ivan Espinosa, CEO of Nissan, and Alex Kendall, CEO of Wayve (London, UK), took a test drive in Yokohama in a prototype vehicle equipped with next-generation ProPILOT driver assistance technology. Wayve’s AI drives safely with human-like awareness. During the ride, the two discussed the future of mobility and its impact on society.. Read More
NIO Inc. announced that it will report its unaudited financial results for the third quarter ended September 30, 2025 on Tuesday, November 25, 2025, before the open of the U.S. markets. The Company’s management will host an earnings conference call at 7:00 AM U.S. Eastern Time on November 25, 2025 (8:00 PM Beijing/Hong Kong/Singapore Time on November 25, 2025). A live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.nio.com/news-events/events.
For participants who wish to join the conference using dial-in numbers, please register in advance using the link provided below and dial in 10 minutes prior to the call. Dial-in numbers, passcode and unique access PIN would be provided upon registering. . Read More
NIO Inc. announced its October 2025 delivery results.
The Company delivered 40,397 vehicles in October 2025, reaching a new monthly record and representing an increase of 92.6% year-over-year. The deliveries consisted of 17,143 vehicles from the Company’s premium smart electric vehicle brand NIO, 17,342 vehicles from the Company’s family-oriented smart electric vehicle brand ONVO, and 5,912 vehicles from the Company’s small smart high-end electric car brand FIREFLY. Cumulative deliveries reached 913,182 as of October 31, 2025.
In October 2025, our smart large-space flagship SUV, the ONVO L90, achieved a new record and sustained its strong growth momentum, with monthly deliveries exceeding 10,000 for three consecutive months since its official launch in late July 2025. With its industry-leading position in the large SUVs segment and extraordinary product competitiveness, the L90 is well-positioned to accelerate the transition of large three-row SUVs toward full electrification. . Read More
The World Energy Outlook 2025 identifies key choices, opportunities and trade-offs for governments. Countries around the world are contending with pressing energy security threats and growing longer-term risks across an unprecedented range of fuels and technologies, thrusting energy into the heart of geopolitical tensions and elevating it as a core issue of economic and national security. In this context, the latest edition of the IEA’s World Energy Outlook underscores the need for governments to pursue greater diversification of supplies and increased cooperation with one another to help navigate the uncertainties and turbulence ahead.
The 2025 edition of the World Energy Outlook (WEO), the most authoritative global source of energy analysis and projections, covers a broad range of trajectories, highlighting different opportunities and vulnerabilities – but also commonalities. It does this through three main scenarios, none of which are forecasts. Each maps out a distinct energy future, enabling an analysis of the implications of different policy, investment and technology choices for energy security, affordability and emissions.
Among the many trends common to all the scenarios in this year’s WEO is the world’s growing need for energy services over the coming decades – with demand rising for mobility; for heating, cooling, lighting and other household and industrial uses; and increasingly for data and AI-related services.
In particular, a group of emerging economies – led by India and Southeast Asia and joined by countries in the Middle East, Africa and Latin America – comes to increasingly shape energy market dynamics in the years ahead. Collectively, they take up the baton from China, which accounted for half of global oil and gas demand growth and 60% of electricity demand growth since 2010, although no country or group of countries comes close to replicating China’s energy-intensive rise. Read More
Every country has a core set of laws and regulations that govern its energy sector. These laws typically cover, for example, the structure and functioning of the power sector; the way that companies can explore for fossil fuels and energy-related minerals and produce them; how energy prices and tariffs are set; and which taxes and subsidies are applied. In many cases, there is specific legislation that sets out how renewable energy enters the system – via feed-in tariffs, auctions or investment incentives – as well as how energy efficiency is treated – via building codes, appliance standards or industrial efficiency requirements. Legislation in other sectors – in transport and industrial policies, for example – can shape the evolution of the energy sector. Environmental legislation has strong implications for energy, including pollution controls, carbon markets and taxes. The CPS looks at the evolution of the energy sector based on a detailed reading of this existing legislation.
The CPS might seem like a “business as usual” scenario, but this terminology can be misleading in an energy system where new technologies are already being deployed at scale, underpinned by robust economics and mature, existing policy frameworks. In these areas, “business as usual” would imply continuing the current process of change and, in some cases, accelerating it. In the CPS, however, potential constraints slow the uptake of these new technologies, whether due to insufficient infrastructure, grid integration costs, a lack of institutional capacity or financing, or the absence of continued policy support. It therefore tends to project slower adoption of new technologies than has been seen in recent years, or than is seen in the STEPS. Read More
California Governor Gavin Newsom, a Democrat and fierce Donald Trump critic, on Tuesday called the US president “an invasive species” and “a wrecking ball” in a scathing attack at the UN Climate Change Conference in Brazil.
Newsom was very critical of the decision by the Trump administration not to send a delegation to the climate summit, known as COP30. The governor is the most high-profile US official to travel to the Brazilian city of Belém for the conference. The United States under Trump has been expanding its fossil fuel agenda and lowered climate protections. Read More
Shell has challenged its defeat in an arbitration case against U.S. liquefied natural gas producer Venture Global in the New York Supreme Court, a legal filing seen by Reuters shows, weeks after rival BP won a similar $1 billion-plus arbitration. Both arbitration cases were over Venture Global’s failure to deliver LNG under long-term contracts while selling on the spot market as prices soared after the outbreak of the war in Ukraine.. Read More
Saab has signed a contract with the Danish Ministry of Defence Acquisition and Logistics Organisation for deliveries of the Carl-Gustaf M4 weapon, ammunition and training equipment. The order value is SEK 510 million and deliveries will take place 2026-2028.
“Carl-Gustaf M4 offers unmatched precision, portability, and a wide range of ammunition options, ensuring that Danish forces are well-equipped to handle diverse and evolving threats. We look forward to continuing our long-standing support for the Danish Armed Forces,” says Görgen Johansson, head of Saab’s business area Dynamics.
Carl-Gustaf is a man-portable recoilless rifle built for modern combat – reusable, adaptable, and ready for any mission. The Danish Armed Forces has been using Carl-Gustaf, known in Denmark as Dysekanon, since the 1970s and acquired the latest version, Carl-Gustaf M4, in 2022. Read More
Governments across Europe and the Middle East are rushing to ensure the sprawling oil operations of Russian energy giant Lukoil PJSC can keep running after the U.S. Treasury sanctioned the company and then quashed a key bid for its assets last week.
Russia’s second-largest oil company runs a vast international operation that includes oil fields, refineries and filling stations. It was sanctioned by both the U.S. and UK last month with a brief window — until Nov. 21 — to end current dealings with the company.
The problem appeared until last week to have a neat solution, with the energy merchant Gunvor Group having agreed a deal to acquire Lukoil’s international assets. But that process was thrown into disarray on Thursday when the U.S. Treasury called Gunvor the Kremlin’s “puppet.” The trader withdrew from the transaction, adding urgency to efforts to keep the Russian firm’s assets running. Read More
A newly published independent report reveals that Dogger Bank Wind Farm, a Joint Venture partnership project between SSE Renewables, Equinor and Vårgrønn, which will become the world’s largest offshore wind farm once fully operational, will boost the UK economy by £6.1 billion during its lifetime and support thousands of UK jobs over the next three decades.
The report, written by economic consultants BVG Associates, finds the £6.1 billion GDP contribution will be driven by significant investment in UK companies, jobs and skills during the lifecycle of Dogger Bank.
At 3.6GW, Dogger Bank will become the world’s largest offshore wind farm when fully operational and will be capable of generating enough power for around 6 million UK homes each year. Already, the project is beginning to generate homegrown renewable energy from initial commissioning at its first phase, which is being transmitted along subsea high voltage transmission cables for use by UK consumers. The economic impact report was commissioned by Dogger Bank Wind Farm’s equity partners SSE, Equinor and Vårgrønn who are currently constructing the offshore wind farm in three 1.2GW phases at adjoining sites in the North Sea more than 130km from the Yorkshire Coast.
Direct spend with companies in the North-East of England and in the counties of North Yorkshire and East Riding of Yorkshire is expected to total over £3 billion, with hundreds of jobs supported in these regions. To date this has included jobs in companies such as Jones Bros, Bowmer and Kirkland, Boston Energy and Tekmar. With the project beginning to generate from initial commissioning at its first phase, full-time equivalent (FTE) jobs supported across the UK by Dogger Bank are expected to reach 3,600 over 2025. 1,500 of these jobs will be in the North-East of England and North Yorkshire and East Riding of Yorkshire. Read More
SSEN Transmission has signed two major agreements to help deliver new homes in Scottish communities – the first to be agreed as part of the Perth-headquartered business’s pledge to support the delivery 1,000 new homes across the north of Scotland, as part of its investment programme to upgrade the region’s electricity transmission grid to achieve clean power targets and energy security for the country. Under the agreements, the business will support the delivery of nearly 100 new homes in the Western Isles and 47 new homes in Brechin in Angus.
The announcement has been marked by Deputy First Minster Kate Forbes during a visit to Lewis today, where she visited the Stornoway Airport Housing Development and met with representatives of the organisations involved, as well as local apprentices working at the site.
Up to 94 new homes are planned for the development after SSEN Transmission stepped in with significant funding for preparatory work that will enable proposals by local firm CalMax Construction to progress. Read More .
Community groups in Peterhead and the surrounding area have been awarded a share of over £420,000 in the first awards from a new community benefit fund delivered as part of the UK’s biggest ever electricity transmission project. The Eastern Green Link 2 (EGL2) Peterhead Local Fund, which will deliver over £2 million in community benefit funding, has awarded a total of £420,294 to 12 groups and organisations in the local area, including:
£99,800 to Peterhead FC Community Foundation to expand its successful partner school program across the local area
£60,000 to Peterhead Golf Club to help in its efforts to secure the future of the Birnie Bridge
£53,504 to Aberdeen Science Centre to engage primary school children from Peterhead and the surrounding area by launching six local STEM education clubs
£23,340 to Aberdeenshire Sailing Trust to run watersports activities for children and young people in Peterhead, promoting personal development and mental health
In total, the EGL2 Peterhead Local Fund will provide a total of £2,159,444 to communities in and around the Blue Toon over a five-year period, supporting projects and initiatives covering several priority areas that have been shaped by input from the local community. Read More
“Rivian and Volkswagen Group Technologies” (RV Tech) is successfully collaborating with the Volkswagen Group and Rivian. The development of a state-of-the-art zonal architecture for future software-defined vehicles (SDVs) is progressing. Currently, RV Tech is preparing reference vehicles from the Volkswagen, Scout, and Audi brands with the SDV architecture for winter testing in Q1 2026. At the same time, the organization is being consistently developed: RV Tech now boasts a powerful international development team of more than 1,500 employees. With its new location in Berlin, the joint venture is also strengthening cross-site collaboration with the Volkswagen Group brands in Europe. The Volkswagen Group will deploy this SDV architecture in electric vehicles based on the upcoming SSP platform. The company aims to offer technologically leading products across various segments, price ranges, and international markets. The SSP platform is expected to support a Group-wide vehicle volume of up to 30 million units.
Rivian will use the technologies created from the joint venture for its future products, R2, R3 and R3X and to keep its current vehicle fleet updated with the latest software.
Read More
Chevron Corporation outlined its five-year plan to 2030 and how it intends to deliver sustained cash flow growth, further strengthen its portfolio, advance power solutions for AI data centers, and grow shareholder distributions.
“We believe Chevron is uniquely positioned to grow earnings and free cash flow into the next decade,” said Mike Wirth, Chevron’s chairman and CEO. “Never in my career have I seen a higher confidence outlook, further into the future and with lower execution risk; Chevron is stronger, more resilient, and better positioned than ever.”
Delivering Sustained Cash Flow Growth
Chevron expects to maintain capital and cost discipline while investing to extend cash flow growth into the next decade.
In line with these objectives, the company expects to:
Maintain a capex and dividend breakeven below $50 Brent per barrel through 2030.
Improve return on capital employed by over 3% by 2030 at $70 Brent.
Increase Hess synergies to $1.5B and structural cost reductions to $3B to $4B by the end of 2026.
Grow oil and gas production 2% to 3% annually through 2030.
Deliver its first AI data center power project in West Texas, targeting first power in 2027. Read More
Nissan announced today that the ROOX has won the Automotive Researchers and Journalists Conference of Japan (RJC) Car of the Year award for 2025. Below is a summary of reasons given by the RJC for the award selection.
RJC Car of the Year The Super Height Wagon kei car enhances visibility and convenience while delivering fuel efficiency and premium driving performance. The joint venture NMKV, formed by Nissan Motor and Mitsubishi Motors, was commended for creating three distinct models from a single platform developed by Nissan Motor Corporation. This was achieved by incorporating unique specifications for each model’s interior and exterior design. Read More
Renault Trafic E-Tech electric: versatility champion
The first model in the new generation of all-electric vans to arrive on our roads, Renault Trafic E-Tech electric will be on show at Solutrans in its production version, before taking to the road in late 2026.
Developed on an innovative “skateboard” platform, it is remarkably compact and agile for driving in the city. At the same time, load capacity is maximised by the rear-mounted engine and short overhang.
Featuring 800V technology, Trafic E-Tech electric charges from 15 to 80% in around 20 minutes for a range of up to 450 km WLTP (NMC long range battery) or almost 350 km WLTP (LFP standard battery with no rare metals). The electric motor delivers 150 kW and 345 Nm, for performance and efficiency.. With the SDV (Software Defined Vehicle) architecture developed by Ampere, Trafic E-Tech electric is hyper-connected, scalable, and able to receive automatic updates. It also ships with V2L (Vehicle To Load) and V2G (Vehicle To Grid) technologies, with advanced digital integration for business users. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $60.43 | Up |
| Crude Oil (Brent) | USD/bbl | $64.55 | Up |
| Bonny Light 11/11/25 CBN | USD/bbl | $64.78 | Down |
| Dubai | USD/bbl | $65.96 | Up |
| Natural Gas | USD/MMBtu | $4.53 | Up |
| Murban | USD/bbl | $66.70 | Up |
| OPEC basket 11/11/25OPEC | USD/bbl | $65.04 | Up |
| At press time November 12, 2025 . |
Equinor has closed the sale of a 40% operated interest in the Peregrino field in Brazil to PRIO. Following this transaction, PRIO assumes full operatorship of the field. Equinor has received a total payment of USD 2.33 billion for its 40% operated interest. After adjustment for a deposit paid by PRIO and cashflow received by Equinor after the effective date of the transaction, Equinor has received USD 1.55 billion at closing. The deposit of USD 335 million paid by PRIO at signing relates to both the 40% and 20% transactions. Read More
During the period from 3 to 7 November 2025, Eni acquired on the Euronext Milan no. 3,142,690 shares (equal to 0.10% of the share capital), at a weighted average price per share equal to 15.9099 euro, for a total consideration of 49,999,988.86 euro within the treasury shares program approved by the Shareholders’ Meeting on 14 May 2025, previously subject to disclosure in accordance with applicable legislation.
On the basis of the information provided by the intermediary appointed to make the purchases, here below a synthesis of transactions for the purchase of treasury shares on the Euronext Milan on a daily basis: Read More
Eni, in collaboration with the Ministry of National Education and Alphabetization, its partner PETROCI, and AVSI Foundation, has successfully completed a project aimed at promoting access to quality education through the improvement of learning conditions and the rehabilitation of 22 public schools in the Sud Comoé region and the Port Bouet Municipality.
Over the course of more than three years, the project has carried out significant interventions to make school infrastructure more efficient and safe: renovation of classrooms, construction of new sanitary facilities, installation of sports fields, and connection to the electricity grid.
Teaching and learning materials were provided to improve students’ learning experience, while teachers took part in training sessions aimed at strengthening their skills, particularly in differentiated pedagogy, student monitoring and supervision, and remedial courses. A team of pedagogical advisors supported teachers, and families were engaged in awareness activities to promote education within their communities. 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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