Energy / Automotive News Roundup;Crude oil futures trade up +3%
London, 9 October, 2023, (Oilandgaspress): – Nigeria’s national oil firm NNPC Ltd has again become the sole importer of petrol because licensed local private firms are unable to obtain foreign currency, its chief executive said on Monday, four months after imports were opened up to private players.Some fuel companies began imports in July but Mele Kyari told an energy conference that they were now struggling to get foreign currencies to import petrol (Reuters)
Max Verstappen, driver for Oracle Red Bull Racing, for which Honda is a team partner, clinched his third consecutive drivers’ world championship on Saturday, October 7 local time, by earning enough points in the F1 Sprint1 race for the Qatar Grand Prix 2023, the 18th round of the 2023 FIA2 Formula One (F1) World Championship.
After this Sprint race, with 6 Grands Prix remaining for the season, including the Qatar Grand Prix race on Sunday local time, Verstappen clinched his title with a total of 13 Grand Prix wins, including 10 straight wins*3 that set the record for most consecutive wins in the history of F1 racing.
*1The F1 Sprint is a shorter race – approximately 100km or 62 miles Read full article
F1 drivers slam ‘DANGEROUS’ Qatar Grand Prix – after Esteban Ocon vomited inside his helmet and Lance Stroll briefly lost consciousness as temperatures soared past 50 degrees in the cockpits Read full article
According to a report by Reuters, Saudi Arabia’s Minister for Energy Prince Abdulaziz bin Salman revealed on Sunday that the nation will begin testing the first hydrogen train in the Middle East.
“It will be on trial for next week, hopefully for the next few months. We will have the first hydrogen train in the Middle East,” the government official said during the UN MENA Climate Week in Riyadh. A hydrogen train is a specific kind of train that generates electricity and powers its propulsion system using hydrogen fuel cells. These trains have zero emissions at the time of use, making them a more environmentally responsible option than conventional diesel-powered trains. Read full article
Stellantis N.V. announced today it will introduce reimagined Commercial Vehicles from multiple brands that form the heart of its global, multi-brand business strategy on Monday, October 23, at 3 p.m. CEST / 9 a.m. EDT.
Jean-Philippe Imparato, Head of Commercial Vehicles Business Unit, and Xavier Peugeot, Senior Vice President of Commercial Vehicles Business Unit, will be joined by CEOs from the Citroën, FIAT, Opel, Peugeot, Ram and Vauxhall brands for key product unveilings. The Stellantis Commercial Vehicles unit is one of seven accretive business units outlined in the Dare Forward 2030 strategic plan. Streaming video of the event will be available at 3 p.m. CEST / 9 a.m. EDT on the Stellantis YouTube channel at https://www.youtube.com/watch?v=-uLq9IZoo38. Read full article
Opel, the German car manufacturer, launches its new global advertising campaign “Yes, of Corsa” to promote the new version its best-selling small car, the Opel Corsa. The campaign is the third one developed alongside Opel’s creative agency Jung von Matt, and was directed by the award-winning English director Henry Scholfield, who has directed music videos for artists like Ed Sheeran, Billie Eilish, and Dua Lipa. The campaign is designed to be young, digital, and viral in nature, appealing to those in search of easy and exciting electric mobility. The campaign features a catchy and memorable soundtrack, with cinema-style vignettes, that pose questions such as “Does it have a lot of range?”, “Does it charge fast?”, or “Is it fun to drive?” The answer to all these questions is a resounding “Yes, of Corsa!” Read full article
DS Automobiles and PENSKE AUTOSPORT have presented the new DS E-TENSE FE23 livery for Season 10 of the ABB FIA Formula E World Championship.
This year, the eye-catching single-seater in the all-electric series enhances its brilliance, elegance and visibility by reversing its familiar gold and black colours. As a result, the DS E-TENSE FE23 now boasts a dazzling golden look on the front end, sidepods and entire halo.
Equipped with the same powertrain from Season 9 (as all the power units are homologated for two years) the newly-liveried car remains faithful to the French marque’s traditional colour scheme and the spirit of the team.
The DS E-TENSE FE23 has been developed by DS Performance, focussing on the most advanced electric technology from DS Automobiles. The first race of Season 10 will take place in Mexico City on January 13, 2024. Read full article
Gunmen from the Palestinian group Hamas infiltrated Israeli towns on Oct. 7, killing at least 700 Israelis and escaping with dozens of hostages in by far the deadliest day of violence in Israel since the Yom Kippur war 50 years ago.
In response, Israeli air strikes hit housing blocks, tunnels, a mosque and homes of Hamas officials in Gaza, killing more than 400 people, Reuters reported. The Hamas attack was praised by Iran and by Hezbollah, Iran’s Lebanese allies.
Hezbollah said on Sunday it had launched guided rockets and artillery onto three posts in the Shebaa Farms “in solidarity” with the Palestinian people. Read full article
ABU DHABI: President His Highness Sheikh Mohamed bin Zayed Al Nahyan today spoke by telephone to a number of leaders and heads of state to discuss the latest regional developments.
In separate phone calls, His Highness spoke to His Majesty King Abdullah II bin Al Hussein of the Hashemite Kingdom of Jordan; Abdel Fattah El Sisi, President of the Arab Republic of Egypt; Bashar Al-Assad, President of the Syrian Arab Republic; Isaac Herzog, President of the State of Israel; and Justin Trudeau, Prime Minister of Canada.
During the discussions, His Highness Sheikh Mohamed emphasised the urgent need for de-escalation and called on all sides to exercise restraint in order to safeguard the lives of civilians. The UAE President reiterated the importance of dialogue and diplomacy, and encouraged the international community to support all efforts aimed at avoiding further conflict that jeopardises the security and stability of the region and its people. Read full article
Vår Energi ASA (OSE: VAR) has signed an agreement with Petrolia NOCO AS (Petrolia) for the disposal of the 12,2575% interest in the Brage Unit.
The Brage Field is a late life producing field located in the Central North Sea operated by OKEA (35.2%). The field started production in 1993 and comprises a production, drilling and quarters platform with oil transportation via OTS/Sture Terminal and gas offtake through Gassled.
“The transaction is part of Vår Energi’s ongoing portfolio optimisation process, in line with stated long term strategic drivers and performance metrics to reduce cost and enhance value creation”, said Stefano Pujatti, CFO in Vår Energi.
Vår Energi net production from the field was 1.0 Kboepd in the first half 2023 and had remaining net reserves 1.9 mmboe at year-end 2022.
The transaction is subject to normal regulatory approvals and is expected to close by year end 2023. The deal does not impact the Company’s previously announced production guidance. Read More
The OPEC Fund for International Development (the OPEC Fund) is taking action to support relief and recovery efforts in Libya in the aftermath of Storm Daniel, which struck the country last month. Record-breaking rainfall and floods inflicted severe damage and tragic loss of life with currently over 10,000 fatalities and tens of thousands more missing and forcibly displaced.
In response to the humanitarian emergency, the OPEC Fund has approved a US$500,000 aid grant to provide urgent and medium-term relief to the affected population by meeting essential needs such as food, clean water, shelter, as well as protection and prevention measures. The grant will be channeled through the International Federation of Red Cross and Red Crescent Societies (IFRC) to support the operations of the Libyan Red Crescent Society (LRCS) and deliver assistance on the ground. Read More
Indonesia’s Jakarta–Bandung high-speed railway, known as the WHOOSH, has officially entered service. The railway reduces travel time between Jakarta and Bandung from 3.5 hours to just 40 minutes, which will boost economic development along the route. Huawei has partnered with China Railway Signal & Communication (CRSC) and China Telecom to build a dedicated railway network for the WHOOSH. This network facilitates real-time communications, control, and dispatching of the trains, providing reliable and robust technical support for intelligent, safe, and efficient train operations.
As the first high-speed railway in Southeast Asia, the WHOOSH spans 142.3 kilometers between the capital city of Jakarta and the popular tourist destination of Bandung in Indonesia. The maximum operating speed of the trains is 350 kilometers per hour. The WHOOSH is also the first project that applies China’s high-speed railway system, including all elements of the industry value chain, outside China. The WHOOSH marks Indonesia’s entry into the high-speed railway era. Read More
Huawei-Powered Super-Fast Charging Station Operates in Chongqing
The first charging station in Chongqing equipped with super-fast chargers developed by Chinese tech giant Huawei was officially launched recently.This charging station, located in the expressway service area in Dazu District, Chongqing, features two super-fast chargers adorned with the eye-catching slogan “One Kilometer Per Second,” which Huawei had previously custom-made for this product. The company’s logo is prominently etched onto the charging piles.
“There are two super-fast chargers and eight fast chargers in the station, which will greatly release the charging pressure at our service area,” said a person in charge of Chongqing Expressway Group Co., Ltd.
The super-fast charger boasts a maximum power output of 600 kW, allowing for a rapid charge of 200 kilometers in just 5 minutes, the highest power output currently available in the market. He Bo, President of the Data Center Facility & Critical Power Product Line at Huawei Digital Power, described this as a forward-looking product, emphasizing that fast charging and high power are inevitable trends.
In the first half of this year, Huawei unveiled its next-generation fully liquid-cooled supercharging station structure. In less than six months since the announcement, Huawei has not only expanded its charging station network in eastern coastal provinces but has also made significant moves in western China, including Sichuan and Chongqing regions, drawing considerable attention. Read More
Umicore has signed four long-term power purchase agreements (PPAs) with ENGIE and Storm to source renewable electricity from offshore and onshore wind turbines for its sites in Belgium. These combined with earlier signed PPAs, mean that the vast majority of the electricity demand from Umicore’s Belgian sites will be covered by renewable electricity, contributing to the Group’s net-zero greenhouse gas objective by 2035.
The PPAs will serve Umicore’s site in Hoboken, one of the world’s largest precious metals recycling facilities, and Olen, housing various production activities and the Group’s Research & Development center. Umicore also has a production site in Bruges and its corporate headquarters are based in Brussels. The three long-term PPAs of up to 25 years with Storm will start in 2024 and 2025 and represent an average annual production of around 60 GWh. Read More
Huawei-backed electric vehicle (EV) brand Aito has received more than 50,000 orders for its revamped M7 model within the first 25 days since it went on sale, the company said. Richard Yu, Huawei’s Smart Car CEO, announced the milestone on his Weibo social media account on Saturday.
The orders, which required a non-refundable deposit, would put Aito among China’s five top-selling new energy vehicle manufacturers, based on sales data for August.(Reuters) Read More
Lamborghini presents two important Lamborghini models to Middle East audiences at the inaugural edition of the Geneva International Motor Show (GIMS) Qatar. Lamborghini Chairman and CEO Stephan Winkelmann was on site in Doha to mark the brand’s presence at the first-ever GIMS Qatar event, where Middle East audiences enjoyed two regional premieres: the Revuelto[1] super sports V12 plug-in hybrid, and the all-electric Lanzador concept.
Unveiling the two cars, Stephan Winkelmann commented, “This new motor show in a significant region is the perfect opportunity to present these important Lamborghini models to Middle East audiences. We are delighted to be here today, in the year that Lamborghini celebrates its 60th anniversary and six decades of our rich brand heritage, while providing visitors to GIMS Qatar a preview of our innovative future as we shape our path towards electrification.”
A replacement for the legendary Aventador, the Revuelto defines a new paradigm in terms of performance, sportiness and driving pleasure. Its revolutionary architecture, with naturally-aspirated V12 engine combined with three electric motors and eight-speed, double-clutch transverse gearbox, delivers 1015 CV. With its innovative design, maximum-efficiency aerodynamics and a new carbon frame concept, the hybrid Revuelto continues Lamborghini’s V12 super sports heritage. Read More
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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