Energy/Automotive News to Dec. 06, 2023: OPEC output falls 90,000 bpd from Oct – survey
London, 06 December, 2023, (Oilandgaspress): – Organization of the Petroleum Exporting Countries has pumped 27.81 million barrels per day (bpd), the survey on Wednesday found, down by 90,000 bpd from October a Reuters survey found.
Russian President Vladimir Putin visited Saudi Arabia for a meeting with Crown Prince Mohammed bin Salman (MbS) on Wednesday, December 6 to discuss various issues, including oil production, OPEC+, and the conflicts in the Gaza Strip and Ukraine. The meeting in Saudi Arabia follows Putin’s arrival in Abu Dhabi for talks with President Sheikh Mohammed Bin Zayed Al Nahyan. Additionally, Putin is expected to host Iranian President Ebrahim Raisi in Moscow on Thursday. Putin’s visit will include talks with MbS on energy cooperation, particularly within the OPEC+ framework, which collectively contributes over 40% of the world’s oil production. The Kremlin emphasised that close coordination between Russia and Saudi Arabia in this context ensures stability and predictability in the global oil market.
Putin and MBS are expected to cover a range of topics, including the ongoing war between Israel and Hamas, the situations in Syria and Yemen, and broader issues related to Gulf stability. Ukraine will also be on the agenda, according to a Kremlin aide.
With the new CLE 53 4MATIC+ Coupé (combined fuel consumption 9.7-9.3 l/100 km, combined CO₂ emissions 220-212 g/km)[1], Mercedes-AMG is sharpening its product portfolio and redefining the entry-level performance coupé segment. The sporty, elegant two-door model combines the best of two worlds: the agility and sportiness of the C-Class with the space and status of the E-Class. The 3.0-litre six-cylinder in-line engine with double charging via an exhaust gas turbocharger and an electric additional compressor has been thoroughly modified and produces now 330 kW (449 hp). It provides a maximum torque of 560 Nm (with overboost 600 Nm for 12 seconds). The integrated starter generator briefly supplies an additional 17 kW (23 hp) of power and 205 Nm of torque. It also feeds the 48-volt on-board electrical system. Other technical features of the new model include the AMG SPEEDSHIFT TCT 9G transmission and the fully variable AMG Performance 4MATIC+ all-wheel drive. Typical visual identifying features of a coupé are the long hood embedded in the front end with two powerful power domes. The strongly sloping windshield and the elongated roof that slopes towards the rear also reference this. The passenger cell, which is set far back, leads to the sporty, short rear via the rear window, which is also flat. Read full article
The all-electric MINI Cooper SE stands for emission-free mobility and urban driving pleasure. The new 3-door model is also available in the John Cooper Works Trim, which emphasises the brand’s racing history. With 218 electrically generated hp (160 kW) and 330 Newton metres of maximum torque, the MINI Cooper SE (electricity consumption combined: 14.7 – 14.1 kWh/100 km according to WLTP; CO2 emissions combined: 0 g/km) is way out in front with zero emissions, especially with its ability to sprint from 0 to 100 km/h in 6.7 seconds. The high-voltage battery installed in the MINI Cooper SE with an energy content of 54.2 kWh enables a range of up to 402 kilometres as determined in the WLTP test cycle. To give your MINI a particularly sporty look it can be ordered in John Cooper Works Trim. With many details the equipment variant emphasises the brand’s motorsport genes – achieved through numerous racing successes, including three victories at the Monte Carlo Rally in the 1960s. “The all-electric MINI Cooper SE in the new John Cooper Works Trim combines a passion for iconic design, legendary performance and sustainable mobility. It is the epitome of efficiency and driving pleasure”, says Stefanie Wurst, Head of the MINI brand.
Individual front and rear design with a motorsport look. The new John Cooper Works logo, which is characterised by clear outlines, stands out particularly well with its traditional red, white and black colour scheme and the symbolised chequered flag on the octagonal front grille. The powerful appearance of the MINI Cooper SE in JCW Trim is achieved, among other things, by 18-inch wheels in Lap Spoke 2-tone design with ten spokes each and JCW brake callipers in eye-catching red. Bonnet stripes on the body emphasise the sporty character. As standard the MINI Cooper SE in JCW Trim includes striking diffusers at the front and rear. The radiator grille surround and logo are finished in high-gloss black. Visual highlights include the contrasting roof and the mirror caps in Chilli Red. Read full article
PT Pertamina Hulu Rokan (PHR) presented innovations in creating wetlands to manage wastewater produced from its operational activities at COP28 on Friday. PHR’s innovations, which were implemented to support the achievement of net zero emissions (NZE) by 2060, were presented at the 2023 UN Climate Change Summit, or Conference of the Parties (COP28), in Dubai, United Arab Emirates (UAE), on Friday (12/01). PHR Vice President, Facility Engineering, Erwin Sinisuka explained that nature-based solutions (NBS) were employed to manage wastewater produced by Pertamina’s energy production processes. Wastewater management was carried out using constructed wetlands based on hydro technology, where wetlands are formed using a hydraulic loading rate technique, so that wastewater management simply used gravity.
Erwin said the development of wetlands were part of the effort towards environmentally friendly operations, in accordance with environmental standards of the Ministry of Environment and Forestry. The session, ‘Unlocking the Potential of Nature Based Solutions, for Adaptation and Mitigation of Climate Change’ was held at the Indonesian Pavilion, COP28, on Friday.
PHR has built constructed wetland covering an area of 5,000 m2 in one of its Rokan Block work areas. The wetland is the company’s pilot waste management project, while it is developing 14 wetland construction projects in its work areas. The wetland has reduced emissions by 1,341 tCO2eq from January to October 2023, and has reduced wastewater discharge, which reached 11,30 barrels per day (bwpd) before construction, whereas now it is only 7,217 bwpd.
Constructed wetlands are not only for waste management but can provide more significant benefits for the community. “The community will always be our focal point, as their involvement can be the key to successful wetland management,” Sinisuka said.
PHR collaborates with local communities to manage these wetlands. The buffer materials and plants used at this location come from local sources, including coconut fiber, which is used as a filter. Apart from that, the community can use filtered water, he said.
Vice President of Upstream Business Operational Excellence, Health, Safety, and Environment, PHR I, Nyoman Widaryantha Naya added that this artificial wetland also becomes a water absorption area, which can reduce the risk of flooding “This constructed wetland also has many other benefits for the community. Residents are also now using the area as a small-scale transportation route by boat,” Widaryantha said.
In a similar session, the Deputy for Environmental and Forestry Management Coordination at the Coordinating Ministry for Maritime Affairs and Investment, Nani Hendiarti, stated that Indonesia has great potential to develop NBS, where 15 percent of the world’s NBS potential is in Indonesia.
Seeing these various potentials, the government is developing a blue carbon roadmap. Presidential Regulation 98 (2021) concerning the Economic Value of Carbon strengthens the optimization of blue carbon. “We will also include the marine sector and blue carbon in the nationally determined contribution targets,” Hendiarti said.
The Director General of Marine Spatial Management, Ministry of Maritime Affairs and Fisheries, Victor Gustaaf Manopo, said that blue carbon is part of climate adaptation through ecosystem resilience.
The event was also attended by Assistant Deputy Secretary, UAE Ministry of Climate Change and Environment, Mohamed Salman Alhammadi; Senior Natural Resources Management Specialist, World Bank, Ambroise Beriner; President Director, Sucofindo, Jodi Triananda Hasjim; and Executive Director, Tropical Forest Alliance, World Economic Forum, Jack Hurd.
As a leading company in the energy transition sector, Pertamina is committed to supporting the 2060 Net Zero Emission targets and continues to encourage programs that impact the achievement of Sustainable Development Goals (SDGs). These efforts align with implementing environmental, social, and governance (ESG) in all Pertamina business lines and operations. Read full article
Woodside has signed a sales and purchase agreement (SPA) with Mexico Pacific Limited (Mexico
Pacific) to purchase 1.3 million tonnes per annum (Mtpa), equivalent to approximately 18 cargoes per
year, of liquefied natural gas (LNG) for 20 years.
LNG is expected to play a critical role in the energy transition and long-term demand is anticipated to
remain strong. This agreement is consistent with Woodside’s strategic objective of building global scale
and flexibility in its LNG portfolio. Woodside CEO Meg O’Neill said, “As we deliver on our strategy, we aim to complement Woodside’s produced LNG supply with third parties’ volumes, giving us greater scale and portfolio flexibility to serve our customers, while optimising our LNG trading activities. “This agreement with Mexico Pacific delivers a new source of LNG into our trading portfolio, expands our geographic diversification in the Pacific Basin and builds on our presence in Mexico. “Mexico Pacific’s Saguaro Energia LNG Project is located on the Pacific coast of Mexico, providing proximity to key markets in Asia.”
Under the SPA, Woodside will purchase the LNG from the Saguaro Energia LNG Project, located in Puerto Libertad, Sonora, Mexico on a free-on-board basis with pricing linked to US gas indices. The SPA is subject to Mexico Pacific taking a final investment decision (FID) on the proposed third train at the Saguaro Energia LNG Project. The FID is expected in the first half of 2024 and commercial operations are targeted to commence in 2029. Read full article
During the period from November 27 to December 1, 2023, Eni acquired on the Euronext Milan no. 4,948,171 shares (equal to 0.15% of the share capital), at a weighted average price per share equal to 15.1619 euro, for a total consideration of 75,023,742.40 euro within the second tranche of the treasury shares program approved by the Shareholders’ Meeting on 10 May 2023, previously subject to disclosure pursuant to art. 144-bis of Consob Regulation 11971/1999. 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 full article
The total tax contribution for Equinor amounted to USD 49.2 billion in 2022. Following Russia’s invasion of Ukraine, 2022 was a year with high and volatile energy prices.
Equinor focused on securing safe and reliable delivery of energy and became the largest provider of gas to Europe.
“Equinor is dedicated to contributing to progress for the societies where we operate, and paying tax where value is created is an important part of this. 2022 was a special year in the energy markets with high and volatile prices, followed by substantial tax contributions,” says CFO Torgrim Reitan. Read full article
A first-of-its-kind geothermal project is now operational
We partnered with a clean-energy startup to develop a geothermal power project in Nevada that is now contributing carbon-free energy to the electric grid. To make the rapid progress needed to address climate change, we must accelerate a clean energy transition on a planetary scale. That’s why we set an ambitious goal to operate our data centers and office campuses on 24/7 carbon-free energy (CFE) on every grid where we operate by 2030, with the ultimate aim of accelerating the decarbonization of the world’s electricity systems.
To achieve these goals, we must quickly commercialize advanced clean electricity technologies. One of the most promising opportunities is enhanced geothermal energy, which uses new techniques to harness the consistent heat from within the Earth’s crust and generate electricity without burning fossil fuels or releasing carbon into the atmosphere. This helps provide a supply of clean energy that complements variable renewables, such as solar and wind, and brings the grid closer to operating on 24/7 CFE. Two years ago, we partnered with clean-energy startup Fervo on the world’s first corporate agreement to develop an enhanced geothermal power project. Today, we are pleased to announce that our geothermal project is now operational and carbon-free electricity has started flowing onto the local grid that serves our data centers in Nevada. Read full article
Honda will present the world premiere of its new EV series for global markets as a part of its exhibit at CES 2024, which will be held January 9-12, 2024 in Las Vegas, Nevada, U.S. Honda has been conducting business based on its Global Brand Slogan: The Power of Dreams – How we move you. This slogan conveys the message that Honda will create mobility products and services which enable people to “transcend various constraints such as time and place,” and to “augment their abilities and possibilities.” With such mobility products and services, Honda will support the realization of dreams of more people and become the driving force that moves society forward.
Moreover, Honda is aiming to realize carbon neutrality for all products and corporate activities Honda is involved in by 2050. To this end, the company is pursuing electrification to achieve its automobile electrification target of “increasing the ratio of EV and FCEV sales to 100% globally by 2040.”
At its booth and through its special CES 2024 website, Honda will showcase various items including the global EV series models and some key technologies which represent the significant transformation Honda is currently undergoing in line with the spirit of the Global Brand Slogan and the direction of electrification. Read More
Lamborghini announces the opening of its first showroom in Naples, Florida, as the Italian marque continues to deliver record breaking sales results in 2023. As part of the brand’s continued 60th Anniversary festivities, the grand opening event featured the market premiere of the Revuelto, a V12 hybrid plug-in HPEV (High Performance Electrified Vehicle). This celebratory event was attended by Automobili Lamborghini Chairman and Chief Executive Officer, Stephan Winkelmann joined by Chief Marketing and Sales Officer, Federico Foschini, and Automobili Lamborghini America Chief Executive Officer, Andrea Baldi. The opening of the Naples showroom comes at a time of immense growth for Lamborghini, as the company’s sales, turnover and profitability for the first nine months of 2023 surpassed the operating result from the previous fiscal year. Globally, 7,740 vehicles were delivered through Q3 2023, which represents a 4.2% increase compared to 2022. In the U.S., Lamborghini delivered a total of 2,342 vehicles – a 4% increase over 2022 – with Florida accounting for 19% of total sales. These exceptional results provide a strong foundation as Lamborghini continues the second phase of the Direzione Cor Tauri investment program, which began with the global launch of the Revuelto in March 2023.
A symbol of Lamborghini’s commitment to the U.S. market, Lamborghini Naples is a state-of-the-art facility showcasing the best of Italian automotive design and engineering, with the latest super sports cars and Super SUVs on the market. With floor-to-ceiling windows that give the showroom a jewel box effect, this new retail space provides an immersive brand experience, complete with Collezione and Accessori Originali fashion offerings and an Ad Personam customization room, where clients can personalize their dream cars with a nearly infinite array of bespoke colors and materials. Open now, the 18,000 square-foot storefront is located at 5154 Tamiami Trail East. Guests who attended the grand opening of Lamborghini Naples had the opportunity to see the Revuelto in person. Read More
Toyota’s own magazine has remained in print across some 90 years, its name and content changing in tune with the times. Recently, Toyota Times visited the corporate archives that house these invaluable artifacts. Never before had cameras entered this carefully temperature- and humidity-controlled room. From developing Japan’s first mass-market cars to postwar tours of the U.S. and the production-sales merger—how did the company magazine chronicle these various turning points in Toyota history? The original documents express the vision of Toyota’s leaders and the passion of its employees. We also found many articles that reveal the origins of today’s Toyota, including the record of a visit to the 1951 Indy 500 and a 1960s design contest under the headline “My Dream Car.” What do these roots mean to current genba employees? Read More
Toyota Motor North America announced the availability of its 2023 North American Environmental Sustainability Report. Covering Toyota’s activities in the United States, Canada, and Mexico, the report has been published annually since 2002. The 2023 report highlights Toyota’s environmental strategy, shows progress on contributions to the UN SDGs, reviews the company’s progress toward its four priority issues (Carbon, Water, Materials, and Biodiversity), provides data that is organized in an environmental metrics table, and, finally, offers a Global Reporting Initiative (GRI) content index with disclosures in reference to GRI standards.
This year’s report was updated and streamlined to include additional data metrics tables to help stakeholders better understand the company’s progress on its environmental sustainability goals across its operations and product lines in North America. 2023 was an important year as it marked the halfway point to the United Nations’ 2030 Agenda. The UN SDGs form the foundation of the 2030 Agenda, which is a 15-year plan to transform our world for the better. Read More
Baker Hughes Rig Count: U.S. +3 to 625 Canada -5 to 192
U.S. Rig Count is up 3 from last week to 625 with oil rigs up 5 to 505, gas rigs down 1 to 116 and miscellaneous rigs down 1 to 4.
Canada Rig Count is down 5 from last week to 192, with oil rigs down 2 to 122, and gas rigs down 3 to 70.
International Rig Count is up 16 rigs from last month to 978 with land rigs up 15 to 758, offshore rigs up 1 to 220.
| Region | Period | Rig Count | Change |
| U.S.A | 28 November 2023 | 625 | +3 |
| Canada | 28 November 2023 | 192 | -5 |
| International | November 2023 | 978 | +16 |
Oil Price US$/bbl
| Oil and Gas Blends | Units | Oil Price US$/bbl | Change |
| Crude Oil (WTI) | USD/bbl | $70.74 | Down |
| Crude Oil (Brent) | USD/bbl | $75.72 | Down |
| Bonny Light | USD/bbl | $78.55 | Down |
| Saharan Blend | USD/bbl | $78.65 | Down |
| Natural Gas | USD/MMBtu | $2.70 | Down |
| OPEC basket 05/12/23 | USD/bbl | $80.01 | Up |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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