Top Energy/Automotive News As Reported, to 05 April 2023
London, 05 April, 2023, (Oilandgaspress): Electric vehicles will play a critical role in slashing transport-related emissions in the years ahead.
Momentum behind the industry is building, with a number of big economies gearing up for the mass rollout of EVs and sales of electric cars hitting 6.6 million in 2021, a record, according to the International Energy Agency.The Net Zero Emissions by 2050 Scenario sees an electric car fleet of over 300 million in 2030 and electric cars accounting for 60% of new car sales. Getting on track with the Net Zero Scenario requires their sales share to increase by less than 6% percentage points per year. Read More
ADNOC Logistics & Services (ADNOC L&S) has unveiled its Integrated Logistics Services Platform (ILSP), one of the largest turnkey offshore logistics offerings in the world that enables coordinated end-to-end management of logistics and maritime operations at its base in Mussafah, Abu Dhabi.
As part of the launch of the ILSP project, ADNOC L&S confirms that it signed a $2.6 billion (AED9.5 billion) contract with ADNOC Offshore to provide integrated logistics services. The agreement runs for five years, with the option of a five-year extension, and includes the provision of port services, warehouse operations, heavy lifting, material handling and shipping, rig and barge moves, marine terminal operations and waste management services. Over 80% of the contract value will flow back into the UAE’s economy through ADNOC’s successful In-Country Value (ICV) program.
Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said: “We are very pleased to extend our decades’ long collaboration with ADNOC Offshore as we unveil our ILSP and continue to revolutionize offshore oil and gas logistics. The ILSP is a unique offering that centralizes all logistics requirements for our customers through a single interface, optimizing efficiencies and reducing logistics costs. As we deliver on our ambitious growth strategy, we continue to unlock greater value both for our customers and ADNOC L&S, and reinforce ADNOC L&S’ position as the region’s largest shipping and integrated logistics company and global maritime energy logistics leader.”
ADNOC L&S created the ILSP as part of its ongoing commitment to support the continued growth of the region’s energy sector. By managing all logistics requirements through one system, ILSP can reduce project logistics costs, with customers being invoiced in a unique, cost-per-ton format, moving away from the standard asset lease model.
Tayba Al Hashemi, CEO of ADNOC Offshore, said: “Building on the world-class capabilities and expertise of ADNOC L&S, we’re delighted to work in partnership to enhance the efficiency of our operations, as we continue to strengthen ADNOC’s position as a low-cost, lower-carbon intensity energy producer.” Read More
Delta is excited to announce that it will be present at Fully Charged LIVE South 2023, the Electric Vehicle & Home Energy Show. Hosted at Farnborough International on 28 – 30 April 2023, the show brings together the very latest advancements in EVs and charging solutions designed to support EV drivers. This important event coincides with the growing demand for EVs and the requirement to create a charging infrastructure that meets EV drivers’ charging needs. The show presents Delta with the perfect platform to exhibit two of its most recent solutions: its DC Wallbox 50kW EV charger, and its Energy Storage Solution for commercial and industry applications. Delta’s booth is located at M12. Fast, convenient charging with the compact DC Wallbox 50kW EV charger Delta’s DCWB50 EV charger offers a charging efficiency of 97% and support for simultaneous charging. While regular DC chargers are around 50–60 cm thick, Delta’s DC Wallbox 50kW is only 25 cm thick. This markedly slimmer design only requires 40% of the installation space. With a maximum output of 50kW of DC power from two charging guns, the DC Wallbox 50kW is suitable for sites such as roadside parking,
conventional parking lots, department stores, commercial and office buildings and EV fleet charging stations. Its compact-size negates the need to re-plan existing parking spaces. With the DC Wallbox 50kW, one hour of charging provides an EV with enough charge to cover than 200 km. This enables EV drivers to charge their vehicles while parked. Read More
Electric car values plunge: Falling demand sees used Tesla, Jaguar and Audi EV prices crash by up to 30% – these are the biggest fallers (and risers) in March. Used car valuations expert cap hpi has provided exclusive data showing the top 20 second-hand car price fallers in March.
The list is exclusively made up of electric cars, with some plummeting in value by as much as 30 per cent versus a year ago.
Cap HPI also listed the 20 motors that have gone up in value most dramatically compared to March 2022 – and there is only one EV in the ranking, suggesting that demand for battery cars is waning.
Audi e-tron Sportback (2019-2023) ELECTRIC – down 23.3%. Peugeot e-2008 (2019-present) ELECTRIC – down 24.6%. Volkswagen e-Golf (2014-2020) ELECTRIC – down 26.7%. Tesla Model 3 (2019-present) ELECTRIC – down 26.9%. Tesla Model S (2014-present) ELECTRIC – down 30.7%
Check the list of the 20 biggest price risers from last month to see if the motor parked on your driveway features. Read More
Toyota Times News reports on Fukushima Prefecture’s latest efforts on the frontlines of producing and using hydrogen.
Since 2021, the prefecture and Toyota have been working together on public trials aimed at creating the cities of the future using hydrogen technology.
At the outset, then-President Akio Toyoda made the following comment during a visit to the town of Namie:
“We hope to play our part in trialing the use of green hydrogen.”
Two years on, Governor Masao Uchibori tells Toyota Times that “having endured a nuclear disaster, for Fukushima a hydrogen-energy future is now close at hand.” Watch the full video to see how Fukushima is bringing us closer to a future hydrogen society.
Yuta Tomikawa’s first stop was the Denso Fukushima plant, which in March unveiled a new water electrolyzer that produces hydrogen by, as the name suggests, electrolyzing water.
These devices are said to draw on technology from a certain Toyota model. Do the words water, electricity, and hydrogen ring any bells?
The path to decarbonization requires efforts to cut CO2 emissions from the production of clean energy, including hydrogen. Denso Fukushima will aim to become carbon-neutral by running its plants on the hydrogen energy produced with this new equipment.
Next, Tomikawa checked out a hydrogen-powered food truck scheduled to begin operation in April. Here, doing away with the need for conventional generators made a drastic difference.
After sampling the food truck’s dishes made with locally-grown ingredients, Tomikawa asked if there was meaning behind the “5924” license plate, and was surprised by the unusual response. Find the answer in the video.
The program also features hydrogen fuel cell trucks used for product delivery, which sixty companies in the prefecture plan to introduce into their fleets. At the same time, there have also been calls for improving some key areas of the trucks. Read More
Volkswagen of America, Inc. and Redwood Materials, Inc. will offer consumers a convenient way to recycle rechargeable devices or lithium-ion batteries. Participating Volkswagen dealerships will offer Redwood bins for easy and safe drop off of rechargeable batteries and consumer devices, including cell phones, laptops, tablets, cordless power tools, electric toothbrushes, wireless headphones, and old vacuum batteries.
The collaboration between Volkswagen Group of America and Redwood began last year with a strategic recycling deal for all Volkswagen and Audi electric vehicle battery packs and a shared vision to create a circular EV economy.
According to Redwood, its technology can recover more than 95% of the critical minerals from batteries (like nickel, cobalt, lithium, and copper) and then manufacture the metals into battery components that are supplied to U.S. battery manufacturers for new electric vehicles and energy storage products. If adopted across the industry, battery recycling programs like this could help reduce battery costs as well as the need to mine and ship raw materials.
“Volkswagen’s goal is to provide more accessible and more sustainable electric mobility for American drivers,” said Andrew Savvas, Executive Vice President, Chief Sales and Marketing Officer, Volkswagen North American Region. “By engaging our dealers, Volkswagen is providing access for consumers to contribute to sustainable mobility.”
The consumer recycling program officially launches at 14 dealerships in time for Earth Day on April 22, with a soft launch at the Volkswagen booth during the New York International Auto Show April 5 – 16. Additional dealerships will be added throughout the year. Read More
Bentley Motors today announces it is putting Diversity and Inclusion strategy at the very core of the business with a new and expanded team with a direct reporting line into the CEO. Moving from the sole responsibility of Human Resources, D&I will sit within the cross-functional Communications department, falling under the joint leadership of Adrian Hallmark, Chairman and CEO, and Dr. Karen Lange, Board Member for Human Resources.
The restructure aims to speed the rollout of Bentley’s five pillar D&I strategy which is focused on outreach, recruitment, succession planning, culture and development. Key to this strategy is the establishment of colleague diversity networks to help Bentley embed an understanding of diversity and inclusion within its workplace and support the understanding, development, and attraction of the future talent, creativity, ideas, and customers who will help it achieve success in the next generation of products.
The networks now number five across different aspects of diversity with nearly 500 colleagues equalling more than 10 per cent of the workforce actively participating. Recognising the importance of diverse experiences and perspectives to drive creativity and innovation, Bentley has also set a target of increasing diversity in management to 30 per cent in 2025 and is establishing a roadmap to help it achieve this.
As part of the restructure, Wayne Bruce becomes Chief Communications and D&I Officer, adding Bentley’s D&I strategy to his area of responsibility. Bruce will report to both Adrian Hallmark and Karen Lange.
Anne Hoerner, Head of D&I, moves from the Humans Resources department, to work with Wayne Bruce within the Communications team, helping to implement and embed the D&I strategy across the organisation. Stefanie Lackner, Head of Sustainability Communications, continues to lead D&I communications inside, and outside of the business and becomes the third member of the D&I team.
Commenting on the strategic change, Adrian Hallmark, Chairman and CEO, said:
“We know that diversity drives success and by bringing a greater range of experience, creativity as well as inclusion, allows co-operation to play in business strategy, innovation and decision-making. We firmly believe that it is a fundamental part of the business and therefore should be a core function that touches every single area of the organisation.
“Our ethos is that a rich and inclusive culture, where everyone is supported to achieve their full potential, is what will help to drive our business forward, and so working closely with this newly formed team, we are confident of achieving our aim of becoming the most diverse luxury car manufacturer in the world.”
The ‘Beyond100’ strategy announced in 2020 sets out how Bentley will become a trailblazer in sustainable luxury mobility. Bentley was the first company in its sector to state its aim to become end-to-end carbon neutral in 2030; the first to introduce plug-in electric luxury cars; the only luxury car factory in the world to be certified carbon neutral for the fourth year in a row; and the first to secure net zero plastic to nature certification.
But Beyond100 is more than sustainability. Bentley also wants to become the most diverse luxury car company, with colleagues as extraordinary and eclectic as its customers and the cars they commission which can be ordered in over 40 billion different configurations.
Bentley takes a zero-tolerance stance on any form of prejudice or discrimination. But it is also proud to employ colleagues from 52 different nationalities and works to support diversity and inclusivity in all forms: irrespective of race, age, gender, background, sexual orientation, nationality, or ethnicity, mental or physical disabilities, or beliefs.
Bentley’s mission is simple. It wants its business to reflect its global customer base and, most importantly of all, ensure that all colleagues work in an environment where they feel safe to bring their true self to work. This goes hand-in-hand with an ethos that only a rich and inclusive culture, where everyone is supported to achieve their full potential, regardless of their background, is what will help to steer Bentley forward for the next one hundred years. Read More
Bentley Motors is to offer a global calendar of carefully curated ‘Extraordinary Journeys’ launching in April 2023. The exclusive travel series has been designed to provide the opportunity to experience once in a lifetime road trips that will offer exclusive access to the very best of local cuisine, design, architecture, and wellness combined with unforgettable driving experiences in a variety of stunning landscapes.
The small-scale Bentley speciality travel series will cover the UK, New Mexico and Scandinavia and with more locations to be announced throughout 2023. Each Extraordinary Journey ranges from three to five days of epic, scenic driving, with overnight stays in unique, luxury accommodation. Sustainable, seasonal, and locally sourced produce will be served to guests throughout the programmes. Discovery, design, architecture, wellbeing, and relaxation will form a key part of each journey. Each journey will be an immersive experience in the culture of the area and feature local experiences. Read More
Bugatti and Asprey announce a limited-edition collection of precious metal objet eggs. Designed by Asprey Studio, the Royale Edition of the new Asprey Bugatti Egg Collection brings together timeless creations of the Bugatti family with Asprey’s heritage and craftsmanship. The limited-edition collections are backed by blockchain and created by using Asprey Studio’s cutting-edge production techniques and materials. The Asprey Bugatti Egg Collection will be produced both as physical objet and NFT generative artwork. It will be the first ever collection by two luxury brands using a state-of-the-art technique of inscribing digital content on the Bitcoin blockchain, ensuring the artwork will last indefinitely.
The Royale Edition of the Asprey Bugatti Egg Collection echoes not only Carlo’s musings, but also Bugatti’s distinctive horseshoe grille, which was designed by Ettore in honor of his father’s love of flowing curved shapes, like the egg. The eggshell of the Royale Edition, made from carbon fiber and intricately crafted into the perfect egg shape during a long and complex process, is completely free from disproportion or imperfection. It’s encased within a sterling silver diamond weave lattice, gently angled downwards to a curved base portraying movement and echoing Asprey’s heritage in jewelry as well as the ornate furniture designs of Carlo Bugatti and the Art Nouveau, an era significant to both brands. Read More
Hyundai continues its evolution as a Smart Mobility Solution Provider with availability of Hyundai Home in more than 40 states, expanding nearly three times in just five months from its initial launch in November 2022. Hyundai Home is a one-stop online marketplace connecting homeowners to solar panels, energy storage systems, EV chargers and local installers.[i] Hyundai has partnered with Electrum, a leader in home electrification solutions, to develop the Hyundai Home Marketplace.
“Hyundai Home is a one-stop shop marketplace that equips customers with comprehensive knowledge, personalized resources, and the expert guidance of an energy advisor. We’re doing more than just helping to reduce electric bills, we’re building a foundation for a more sustainable lifestyle,” said Olabisi Boyle, vice president, product planning and mobility strategy, Hyundai Motor North America. “Hyundai Home is a key component of our customer-focused approach to increase EV awareness and adoption while delivering the best ownership experience. This service complements our out-of-home charging partnership with Electrify America as part of Hyundai’s holistic efforts to ensure it is easy and cost-effective for customers to transition to one of our award-winning electric vehicles.”
Inside the Hyundai Home Marketplace, customers can purchase their home charger, learn about home solar, home energy storage, and access their own dedicated energy advisor. These advisors guide customers through the purchase and installation process, and answer questions about suitable energy system options to help determine the right system for customers’ home energy needs. Read More
Hyundai Motor Group Chief Creative Officer, Luc Donckerwolke, received the “Disruptor Designer of the Year” distinction at Newsweek’s World’s Greatest Auto Disruptors awards. Luc Donckerwolke won the award for his industry-leading vision overseeing Hyundai Motor Group’s wide portfolio of automotive brands – namely Hyundai, Kia and Genesis – and the transition to mobility, urban air travel and robotics.
He was lauded for instigating creative and idea-pushing designs, as well as for his work utilizing concept cars in traditional ways (albeit with untraditional designs) to preview the future of the brands, while other companies have seemingly left the practice behind.
The awards program highlights agents of change in the automotive industry across nine categories. To be considered, candidates had to be employing vision in a way that is driving fundamental, transformative change in the automotive market. Read More
| Oil and Gas Blends | Units | Oil Price $ | change |
| Crude Oil (WTI) | USD/bbl | $80.52 | Down |
| Crude Oil (Brent) | USD/bbl | $84.83 | Down |
| Bonny Light | USD/bbl | $84.73 | Down |
| Saharan Blend | USD/bbl | $84.60 | Down |
| Natural Gas | USD/MMBtu | $2.09 | Down |
| OPEC basket 04/04/23 | USD/bbl | $85.50 | Up |
OPEC Reference Basket (ORB) made up of Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
Orrön Energy AB has published the report on payments made to governments by Orrön Energy and its subsidiaries during the year 2022.
The report gives an overview of payments to governments made by Orrön Energy and its subsidiaries during the year 2022. The report is available to download on Orrön Energy’s website Read More
MoU signed between Wilo and Proton Motor Fuel Cell
| Multinational technology group and hydrogen fuel cell specialist intend long-term co-operation for green self-sufficient energy supply. | Puchheim near Munich, March 30, 2023 – It was not until September 2022 that the delivery of three hydrogen fuel cell systems “HyFrame® S36” was announced, which were manufactured by the high-tech company “Proton Motor Fuel Cell GmbH” for “Wilo” . The premium supplier of pumps and pump systems has integrated the three modular and universally applicable “HyFrame®” solutions as components into Wilo’s own “H₂Powerplant”. The innovative hydrogen plant at the Dortmund headquarters “Wilopark” ensures the production of green energy based on renewable resources. This supports the sustainable energy transition for industrial companies in the context of the Paris climate protection goals and to achieve energy self-sufficiency. In addition to plant engineering, Proton Motor Fuel Cell GmbH and Wilo have agreed on a “Memorandum of Understanding” (MoU), in order to strengthen contracts with the aim of decentralised and decarbonised energy supply. Among other things, the MoU provides for the definition of topics and tasks in climate-neutral infrastructure projects for the production and use of green hydrogen, with Wilo acting as a general contractor for the co-operation. In addition, the network of the other side will be analysed with regard to possible synergies. There will also be an identification of eco-friendly product applications to what extent they complement the respective existing or future corporate brand portfolio. The current order demand for Proton Motor`s “Made in Germany” quality product “HyFrame®” remains high. For example, as an exhibit for the “ISH 2023” leading trade fair, Wilo has ordered another “HyFrame® S36” system. In addition, three “HyFrame® S43” units have been arranged in the product innovation of the mobile containerised power plant “HyShelter® 240” for Shell. Since last year, the infrastructural emergency power supply for the Swiss road tunnel “Neuenhof Tunnel” in the canton of Aargau has been secured by the “HyFrame® S28” solution. Read More
The Gas Exporting Countries Forum (GECF) is pleased to announce the launch of the fourth edition of its Annual Gas Market Report (AGMR). The Report provides an in-depth analysis of natural gas markets, covering recent developments and providing prospects for 2023-2024.
Eng. Mohamed Hamel, Secretary General of the GECF said: “The Annual Gas Market Reportis comprehensive and I hope it will become an essential tool for anyone interested in natural gas.”
The key findings of the report are:
• Record-high and volatile spot prices in Europe and Asia
Spot gas and LNG prices in Europe and Asia reached record highs in 2022, with significant volatility throughout the year. This was mainly due to a tight LNG market as Europe’s LNG demand surged to replace lower pipeline gas imports.
• Energy security takes precedence over climate change mitigation goals
Energy security concerns took precedence over climate change mitigation goals in 2022, with policymakers focusing on meeting the energy needs of their people.
• Global gas consumption declined in 2022, but expected to resume growth in 2023
Following a record rebound in 2021, global gas consumption declined in 2022 but is expected to resume growth in 2023 and reach an all-time high level, with the power generation sector remaining the largest consumer of gas. U.S., China, and some emerging countries in Asia Pacific are forecasted to drive the growth of global gas consumption in 2023.
• Investment in oil and gas increases, but looming uncertainties may deter investment
Oil and gas investment increased by 7% y-o-y to reach $718 billion in 2022, and is expected to rise further in 2023, but looming uncertainties may deter investment.
• CCS/CCUS and hydrogen gain momentum for decarbonisation, but number of projects still far from required scale
CCS/CCUS and hydrogen have gained momentum as potential pathways for decarbonisation, with a significant increase in the announced capacity. However, the number of projects that have reached the FID stage is still far from the required scale.
The publication comes at a time when natural gas markets are undergoing fundamental transformations in terms of physical flows, investment, trade, and market functioning.
“The developments in the gas industry are an indication of the bright prospects for the expansion of the global gas industry, as natural gas is set to play a pivotal role in socio-economic development and towards just and inclusive energy transitions,” added Eng. Hamel. Read More
Baker Hughes Rig Count
Baker Hughes Rig Count: U.S. -3 to 755 Canada -26 to 139
| Region | Period | Rig Count | Change from Prior |
| U.S.A | 31 March 2023 | 755 | -3 |
| Canada | 31 March 2023 | 139 | -26 |
| International | February 2023 | 915 | +14 |
Mr Thorsten Lange, Executive Vice President, Renewable Aviation since January 2020, steps down as a member of the Executive Committee and leaves the company. The search for his successor has been initiated. Mr Sami Jauhiainen, Vice President, Renewable Aviation, APAC, will take the lead in the Renewable Aviation business on an interim basis as of today. Mr Jauhiainen will not be a member of the Executive Committee, but will report directly to the President and CEO Matti Lehmus. “I want to thank Thorsten for successfully building up our Renewable Aviation business in the past years and wish him all the best in his future endeavours,” says Matti Lehmus, President and CEO of Neste.Read More
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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