Energy/Automotive News| WTI Crude $86.25/bbl, Brent $90.55/bbl, Opec $90.39/bbl
London, 11 April 2024, (Oilandgaspress):- Proposals for new power generation capacity in the United States have increased by an impressive 90% over the last three years, Bloomberg has reported, in anticipation of a surge in demand for electricity. Notably, some 80% of the proposed capacity is solar plus batteries, with only 3% of proposed power plants to run on natural gas or coal. The total proposed capacity stands at close to 2,600 GW, according to the data, which comes from the Lawrence Berkeley National Laboratory. Read More
Woodside commenced a process in the second half of 2023 to consider the potential for divestment of its interests in the Macedon and Pyrenees assets. Following completion of this process, Woodside has decided to retain its current ownership levels in both assets. Macedon continues to be a critical supply source of gas to the Western Australian domestic market and Woodside continues to see strong value in both assets.
Woodside remains disciplined and value-driven when considering any potential merger and acquisition
transaction, including divestments. Both Macedon and Pyrenees will remain within the Australian operations portfolio with a continuing focus on maintaining their outstanding safety and production performance and contribution to ensuring security and reliability of gas supplies in Western Australia.. Read More
Hyundai Motor America and Premier Hyundai of Seaside recently donated $20,000 to the Food Bank for Monterey County to support hunger relief initiatives in the local community. The donation is a part of Hyundai’s corporate social responsibility initiative, Hyundai Hope, which seeks to uplift the community by supporting programs that address food insecurity. A ceremonial check was presented to the organization in Carmel Valley, California.. Read More
Hydro Årdal opens new recycling unit with capacity to process 25,000 tonnes of post-consumer aluminium scrap annually
As part of its efforts to meet the demand for low-carbon aluminium in European markets, aluminium and renewable energy company, Hydro, has invested NOK 100 million in recycling technology in the casthouse at the Årdal primary aluminium plant in Norway..The upgraded casting line in Årdal will mix primary aluminium made with renewable hydropower with up to 30 percent post-consumer aluminium scrap. This is resulting in a record low-carbon footprint that helps some of the most advanced customers in Europe cut the embedded greenhouse gas emissions of their products.
The recycling unit in Årdal had its official opening on April 10. Hydro Årdal is now able to deliver REDUXA 3.0 aluminium with a carbon footprint of below 3.0 kg CO2e/kg aluminium. This is approximately 80 percent lower than the world average. Read More
Hydro Rein and Atlas Renewable Energy begin commercial operation of Boa Sorte solar plant
The 438 megawatt (MW) solar complex Boa Sorte in the state of Minas Gerais, Brazil, has started commercial operation. The power plant will deliver renewable energy to the aluminium smelter Albras. The solar plant consists of several projects and has been developed in a partnership between renewable energy solutions providers Hydro Rein and Atlas Renewable Energy, and Albras, a joint venture owned by Hydro and Nippon Amazon Aluminium Co. Ltd. (NAAC). With an installed capacity of 438 MW, Boa Sorte will generate about 920 GWh annually, equivalent to supplying over 394,000 Brazilian households. Read More
Renault 5 E-Tech electric on show
On 23 April 2024, the “WHAT THE FIVE SHOW” will take place on the forecourt of the Pompidou Centre from 5:55 pm. The iconic Renault 5 E-Tech electric will be at the centre of a specially designed showcase performance. The immersive, exciting WT5 show includes five scenes, each one turning the spotlight on the spirit of Renault 5 E-Tech electric. Performances by two iconic French figures of street culture and contemporary art – visual artist Cyril Lancelin and choreographer Sadeck Berrabah – will make the show even more special.
Talented and iconic French artists making the WT5 show even more special
Artist Cyril Lancelin, also known as Town and Concrete, was given free rein to design an exceptional scenography in pop art colours, featuring immersive sculptures in the colours of Renault 5 E-Tech electric. With his sculptures and pictures, Cyril Lancelin takes spectators into a digital world, blurring the boundaries between fiction and reality. Using parametric tools, he applies a vocabulary of classical forms and volumetric spaces, essential to the creation of unique structures.
Dancer and choreographer Sadeck Berrabah is recognised for his show ‘Murmuration’, a hypnotic performance in which he develops his own choreographic style based on the geometry of motion. Leading his troupe of 250 dancers, Sadeck has conceived and created an original performance to reflect the emotion inspired by this all-electric pop icon.
Finally, the world-renowned harmonie de la Musique de La Garde Républicaine will also be present to close the show, with a line-up of 60 musicians. Read More
The Board of Directors of Vestas Wind Systems A/S has decided to continue the share-based incentive programme for all participants, including all members of Executive Management, and launch a new programme for 2024. The 2024 programme will be based on the terms and conditions governing the restricted performance share programme for the year 2023 and in alignment with Vestas’ Remuneration Policy approved by the Annual General Meeting on 8 April 2021.
As previously, the programme is based on restricted performance shares and the performance will be measured over a period of three years, based on financial key performance indicators, as Read More
On Thursday May 2ⁿᵈ, 2024 at 07:00 BST (08:00 CEST and 02:00 EDT) Shell plc will release its first quarter results and first quarter interim dividend announcement for 2024. Read full article
As part of a special collaboration with Nissan Formula E Team for the 2023/24 Formula E season, German contemporary composer Mathias Rehfeldt will infuse the essence of Formula E into a series of vibrant music tracks titled “Electric Legacy” .
The perfect soundtrack for anyone’s pre-race rituals, Nissan Formula E Team and Rehfeldt have utilised AI-generated sounds from electric racing, combined with electronic synth and instrumental melodies, to ingeniously craft a track that captures the electric motorsport like never before. In addition, authentic radio excerpts between the pit crew and the Nissan Formula E Team drivers were woven into the soundtrack, adding a layer of realism. Often called the ‘universal language’, Nissan Formula E Team aspires to use music to reach newer, younger audiences and showcase the excitement, culture and sharp innovation behind Formula E – a sustainable motorsport that’s skyrocketing in popularity.
“Formula E is an exhilarating fusion of cutting-edge technology, sustainability, and electrifying competition, and bringing this all to life through music has been an incredible experience. This track aims to connect diverse audiences and celebrate the universal appeal of Formula E, while also demonstrating the modernity of Formula E vehicles. Through this soundtrack, I wanted to mirror Nissan’s pioneering spirit in electric mobility and create a track that will evoke the same excitement and feeling fans get when watching the sport” – Mathias Rehfeldt, composer.
Across a series of soundtracks, the collaboration across Season 10 will reflect the diverse and global nature of the Formula E calendar. “Electric Legacy” will be released in localised adaptations for Tokyo, Misano, Monaco, Berlin, London and other key cities – all carefully crafted and tailored specifically to reflect the cultural nuances, fan attitudes, and spirit of each unique city.
With the first city infused version created for the Tokyo Race in March (available here) the track has now been carefully and individually transformed for a second time to create a new mesmerizing variant for the upcoming Italian e-Prix at Misano, reflecting the atmosphere and ambience of the buzzing Italian culture. Read full article
Kent, a leading global engineering and project management company, is proud to announce its significant involvement in ExxonMobil’s £800m investment in its Fawley Petrochemical complex. Involvement in the project, scheduled for completion next year, represents a key project for Kent and its partners in the alliance—Taylor Woodrow and BGEN. The project was awarded to the alliance in March 2022 with Kent’s responsibilities include project management, engineering and procurement, module fabrication and logistics, as well as completions and commissioning. The seamless coordination and execution between ExxonMobil and Kent and its partners underline their commitment to excellence in every aspect of the project.
In addition to the construction, completion, and commissioning of a new Diesel Hydrotreater and a Steam Methane Reforming Hydrogen Plant, the alliance will also execute associated foundations, equipment, pipework, electrical, and instrumentation.
Iain Eddie, Kent’s EVP Operations for EMEA, expressed his enthusiasm and pride in Kent’s role in the project. In a statement, he said, “This project showcases the strength of collaboration and the depth of expertise within our alliance with Taylor Woodrow and BGEN. We are honoured to contribute to this important investment by ExxonMobil, which not only aligns with the UK’s energy resilience goals but also underscores Kent’s commitment to delivering innovative solutions on a global scale.”
The primary objective of this ambitious project is to enable the production of low-sulphur diesel in compliance with the 2025 Euro 7 emissions standards. The upgrade is anticipated to increase production by an impressive 40% at Fawley, and reducing imports to the UK by around 25%. Read full article
Methane is responsible for around 30% of the rise in global temperatures since the Industrial Revolution, and rapid and sustained reductions in methane emissions are key to limiting near-term global warming and improving air quality. The energy sector – including oil, natural gas, coal and bioenergy – accounts for over a third of methane emissions from human activity. The IEA’s Global Methane Tracker is an indispensable tool in the fight to bring down emissions from across the energy sector. This year’s update provides our latest estimates of emissions from across the sector – drawing on the more recent data and readings from satellites and ground-based measurements – and the costs and opportunities to reduce these emissions. It also tracks current pledges and policies to drive down methane emissions and progress towards these goals. For the first time the Tracker includes the investments needed to deliver emissions reductions and the potential revenue from these measures. Read full article
| Oil and Gas Blends | Units | Oil Price US$/bbl | Change |
| Crude Oil (WTI) | USD/bbl | $86.22 | Up |
| Crude Oil (Brent) | USD/bbl | $90.53 | Up |
| Bonny Light | USD/bbl | $91.62 | Down |
| Saharan Blend | USD/bbl | $90.65 | Down |
| Natural Gas | USD/MMBtu | $1.87 | Down |
| Murban Crude | USD/bbl | $90.53 | Up |
| OPEC basket 10/04/24 | USD/bbl | $90.39 | Down |
Baker Hughes Rig Count: : U.S. -3 to 621 Canada -18 to 151
U.S. Rig Count is down 1 from last week to 620 with oil rigs up 2 to 508, gas rigs down 2 to 110 and miscellaneous rigs down 1 to 2.
Canada Rig Count is down 15 from last week to 136, with oil rigs down 10 to 65, and gas rigs down 5 to 71.
International Rig Count is up 13 rigs from last month to 971 with land rigs up 1 to 736, offshore rigs up 12 to 235.
The Worldwide Rig Count for March was 1,793, down 20 from the 1,813 counted in February 2024, and down 86,from the 1,878 counted in March 2023.
Mitsubishi Shipbuilding Co, Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has acquired Approval in Principle (AiP)(1) from the Japanese classification society ClassNK for an ammonia fuel supply system (AFSS) for the “X-DF-A,” a large, low-speed 2-stroke ammonia-fueled engine under development by WinGD, a Swiss designer and licensor of large marine engines. The AiP presentation ceremony took place today at “Sea Japan 2024” International Maritime Exhibition and Conference at Tokyo Big Sight..In June 2023 Mitsubishi Shipbuilding and WinGD concluded a memorandum of understanding (MOU) to undertake joint technical studies on an AFSS, aiming to contribute to the achievement of a new target set by the International Maritime Organization (IMO) of net zero greenhouse gas (GHG) emissions in the global maritime industry by or around 2050(2). The joint studies resulted in finalization in February 2024 of the basic design for an AFSS for the “X-DF-A” engine under development by WinGD(3). The AiP was acquired together with approval of a new ammonia gas abatement system (AGAS), and now technical studies will go forward with WinGD toward commercialization. Because ammonia emits no CO2 when combusted, it is attracting attention today as a fuel with the potential to contribute significantly to reducing GHG emissions in the maritime industry, and it is expected to be utilized in the future as a source of stable, clean energy. Going forward, Mitsubishi Shipbuilding will continue to develop marine ammonia handling systems, including fuel supply systems for ammonia combustion systems for the X-DF-A and other engines, as well as various ammonia gas abatement system systems. In addition, by proposing the design and engineering of ammonia-fueled ships and onboard plants – comprising multiple ammonia-fueled combustion systems such as main engines, power generation engines, and boilers – Mitsubishi Shipbuilding will promote decarbonization of the maritime industry toward realizing a carbon-neutral society, and also contribute to reduction of environmental impacts on a global scale. Read More
Iraq’s Ministry of Electricity and the French company TotalEnergies have signed two contracts to produce 1,000 megawatts of solar power.
The development will be built in four, 250-MW phases at the Ratawi [Artawi] field in Basra.
According to state-run Iraqi News Agency (INA), it will be completed within two years. Read More
On 10 May 2024, Alpine will present the first dynamic version of Alpenglow at the Spa-Francorchamps 6 Hours meeting. The Alpenglow concept car was revealed at the end of 2022 at the Paris Motor Show. Today, Alpine is preparing to reveal a running version with a hydrogen-powered internal combustion engine and an all-new design, both static on May 10 and dynamic on May 11.
Alpenglow embodies the future of Alpine design in motorsport, as well as for future series production models. It is also the brand’s laboratory for future sustainable mobility technologies with a hydrogen-powered internal combustion engine that will enhance driving pleasure tenfold. It’s a path of exploration for the brand. An avenue of exploration for the Alpine brand. Read More
Free2move unveils its strategy to cement its position on a global scale, emphasising an approach focused on consolidating efforts and resources, aimed at achieving meaningful and impactful goals.
A Foundation for Expansion: Services and Platform
Central to Free2move’s growth strategy is the Connect Fleet solution, which has already captivated over 20,000 customers across Europe, and it is scheduled to be released in the US market by late April. Connect Fleet offers an unparalleled tool for fleet managers, enabling comprehensive monitoring and optimization of fleet operations through advanced vehicle connectivity technologies. Notably, the service presents a pathway to substantial cost reductions in Total Cost of Ownership (TCO) for corporate fleets, promising more than a 5% decrease in fleet management expenses, facilitating instant data transmission, and allowing for in-depth analytics and fleet management enhancements. At the basis of this ecosystem is the Free2move Preventive Maintenance service, a cutting-edge solution designed to maintain vehicle performance at its zenith. By continuously monitoring vehicle diagnostics and performance metrics, the platform delivers actionable insights, ensuring the reliability and efficiency of fleet operations. This innovation not only contributes to cost savings but also boosts productivity and enhances customer satisfaction.
Finally, Stellantis is leading the way in employing cutting-edge connectivity and software technologies to create seamless experiences for B2B customers. In line with this commitment, Free2move proudly introduces its latest solution, MyTasks. Designed as an essential tool for fleet managers, MyTasks facilitates real-time communication, task assignment, and status updates directly through the vehicle’s built-in infotainment unit. This innovative solution offers benefits to both drivers and fleet managers, eliminating the need for in-vehicle mobile phones and aftermarket accessories, thus reducing distractions and enhancing efficiency and safety on the road. MyTasks marks a significant step forward in providing streamlined solutions for the modern fleet management landscape.. Read More
Stellantis N.V. celebrated another manufacturing activity launch with electrified dual-clutch transmissions (eDCTs) at its historic Mirafiori complex in Italy, the next step in a €240 million investment in the site and for the Italian automotive industry to create the Mirafiori Automotive Park 2030. Stellantis CEO announced an additional €100 million investment today to boost the potential of the iconic Fiat 500e. Mirafiori Automotive Park 2030 is the physical embodiment of Stellantis’ vision of transforming into a sustainable mobility tech company. The site, one of three primary global hubs for Stellantis, has operations that include the entire automotive cycle from design to recycling. Mirafiori is also part of the grEEn-campus transformation program underway at Stellantis and will help save 36,000 tonnes of CO2 equivalent emissions. The grEEn-campus is a place for exchanging and sharing ideas that promote creativity and efficiency, and ultimately create a highly desirable work environment. The reimagined spaces directly support Stellantis’ carbon net zero by 2038 target outlined in its Dare Forward 2030 strategy. Mirafiori Automotive Park 2030 is the next chapter in the historic site’s rich, 80-year history. Today it is the production location for the Abarth 500e, Fiat 500e, Maserati GranTurismo, and Maserati GranCabrio and more than 90% of the vehicles built there are exported, contributing to Italy’s trade balance. Read More
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