Global energy ,Automotive industry News Roundup and Analysis,
London, November 26, 2024 (Oilandgaspress) –-Saudi Arabia, Russia, and Iraq – met on Tuesday to discuss the state of the global oil market, days before the OPEC+ meeting on December 1 to decide how to proceed with the production cuts.
Adani share drop today: Adani Group shares faced a significant sell-off on Tuesday, with Adani Green Energy dropping 7% and Adani Energy Solutions falling 5%. Adani Enterprises, Total Gas, Power, and Wilmar declined 3-4%, while Adani Ports and Ambuja Cements slid 2%. ACC and NDTV shares also fell by 1% each.. Adani Green Energy’s stock experienced the steepest decline, falling 7%, while Adani Energy Solutions saw a 5% drop. Other stocks, including Adani Enterprises, Adani Total Gas, Adani Power, and Adani Wilmar, registered a decline of 3-4%. Additionally, Adani Ports and Ambuja Cements slipped by around 2%, and ACC and NDTV fell by 1% Read More
Fabrizio Zaldivar followed Hayden Paddon’s lead by winning a prestigious FIA regional rally championship with the i20 N Rally2 two years running when he secured the CODASUR crown for 2024.
After Paddon clinched consecutive FIA European Rally Championship titles driving the car, ‘Fau’ Zaldivar successfully defended the South American FIA CODASUR Rally Championship crown he won for the first time in 2023, armed with an i20 N Rally2 prepared by the Automotor Rally Team.
Zaldivar’s decisive fourth-place finish at Rally del Atlántico in Uruguay (November 14-17), capped off a superb campaign by the Paraguayan and Marcelo Der Ohannesian, his Argentina-born co-driver. They won three of the five CODASUR rounds and fought back from their non-finish on the season-opening Rally Trans Itapúa in Zaldivar’s homeland to become champions again.
That recovery began at the second event of the year, Rally Jesús Maria in Argentina, where they triumphed following a close early battle for position. Read More
Bugatti Grand Prix – an unparalleled, exclusive opportunity for Bugatti owners to experience their unique machines on the Formula 1 Grand Prix circuit in Las Vegas..With the arrival of 23 Bugatti vehicles – from the Veyron, to the Chiron¹ and Divo² – the scene was set for an unforgettable adventure in the entertainment capital of the world. Resplendent in the irresistible energy and splendor of the Las Vegas Strip, the exquisite Wynn Las Vegas played host to the passionate grid of Bugatti Grand Prix participants – setting the stage for a three-day adventure of a lifetime. As the guests settled into their sumptuous home for the weekend, the grand opening in the Awakening Theater marked a dramatic statement of intent for the epic celebrations. The arrival of the host of 23 Bugatti vehicles, heralded by a spine-tingling showcase of pyrotechnics, captivated those in attendance. In a show-stopping opening ceremony, each vehicle received the honor of a bespoke introduction from Hendrik Malinowski, Bugatti Managing Director, and Sascha Doering, COO at Bugatti of the Americas, to a soundtrack of the respective owners’ choosing – delivering surprise and delight in equal measure. Read More
One of the world’s most historically significant racing cars, the 1954 Mercedes-Benz W 196 R Formula One “Stromlinienrennwagen”, chassis number 00009/54, is to be offered in an exclusive standalone auction at the Mercedes-Benz Museum in Stuttgart on 1 February 2025. The car forms part of an outstanding 11-car collection from the Indianapolis Motor Speedway Museum that RM Sotheby’s will be offering via a three-auction series to support the Museum’s collection and restoration efforts, and is being offered in close collaboration with Mercedes-Benz Classic. Experts from the Mercedes-Benz Classic Center in Fellbach and the company’s own archive are working on a manufacturer’s expert report regarding the originality and authenticity of the vehicle.
Few historic racing cars resonate as strongly as the famous Mercedes-Benz “Silver Arrows” that dominated Grand Prix racing in the immediate pre- and post-war era. They were admired for their advanced technology and spectacular speed. The W 196 R was developed to meet the new “up to 2.5 litre” regulations that applied from 1954, and it soon proved to be the car to win races in the hands of legends such as Juan Manuel Fangio and Stirling Moss.
The W 196 R features a straight-eight engine displacing 2,494 cubic centimeters and designed around a complex Hirth roller-bearing crankshaft. The fuel-injected powerplant was essentially two four-cylinder motors in unison, with two camshafts for each intake and exhaust. A jewel of an engine, it guaranteed reliable and smooth power delivery and was capable of producing 213 kW (290 hp) after two seasons of development. Since the new 1954 formula specified few limitations to the coachwork, Mercedes-Benz concluded that a streamlined, aerodynamic body with enclosed wheels would optimize the car for high-speed courses, while an open-wheel body would be ideal for more twisting circuits. Read More
The record-breaking tyre of the Porsche Taycan Turbo GT For the Porsche Taycan Turbo GT with Weissach package and its bespoke Pirelli P Zero Trofeo RS tyres, the story begins in Italy and culminates with record-setting lap times on the world’s most famous racetracks. But it’s more than just perfect engineering synergy – it’s the harmony of the entire process, starting with the dolci at Pirelli’s development centre in Milan. The spirit of Pirelli is perhaps most palpable in this corner of the headquarters. It’s a place where technological brilliance and cultural devotion transcend traditional boundaries to forge new perspectives. It’s a space where, at lunchtime, you might feel swept up in the fashion-forward air of Milan’s runway shows.
The scent of freshly baked pizza dough wafts through the air, mingling with the aroma of expertly roasted espresso, while the dazzling selection of dolci could bring tears to the eyes of even the most seasoned pastry connoisseur. It’s this unique blend of tradition and innovation that forms the perfect foundation for tackling the monumental task at hand: developing a high-performance tyre for an electric car like no other.The Trofeo RS’s dual-layer carcass gives the high-performance tyre exceptional rigidity compared to conventional designs. It’s specifically engineered to withstand the aerodynamic forces and battery weight of the Porsche Taycan Turbo GT, ensuring stability even at high speeds. Read More
Ford and the YMCA of Memphis & the Mid-South announced the creation of the new YMCA Early Learning Center at BlueOval City designed to help remove barriers to employment for local residents.
When it opens in 2026, the YMCA Early Learning Center at BlueOval City will serve as a childcare hub for the entire region – providing care for as many as 175 children, aged 6 weeks to 5 years old. The facility also plans to provide before- and afterschool care programs and meals to school-age children. The new YMCA center will accommodate employees by offering operating hours tailored to their work schedules. Read full article
Previewed to the public back in July during the celebration of the FIAT’s 125th anniversary, the new Grande Panda – not even launched – has been awarded with its first prize: the prestigious ‘Carwow of the Year Award 2025’ in the ‘Car Anticipation’ category. It honours the best vehicle models in ten categories and celebrates the brand and innovation of the year.
The Grande Panda stood out thanks to its new look, as underlined by Daniel Hohmeyer, member of the jury: ‘The Grande Panda paves the way for a completely new model family at FIAT. The fresh, angular look and the pixel-look headlights are very promising. So, the chances are good that it will continue the successful Panda era.’
Iconic, ingenious and inclusive, the Fiat Grande Panda blends tradition and modernity, combining sustainability with comfort and accessibility and heralding a new era at FIAT. With its compact dimensions and flexible space, it’s the perfect family car for contemporary urban mobility. Made for everybody, FIAT’s new model inaugurates another chapter in FIAT’s history, recycling sustainable materials for the interiors and introducing a spiral cable, located in the hood, making recharging easier.
The Fiat Grande Panda is the forerunner of a completely new model family. With a length of 3.99 metres, it offers space for five people. The unmistakable Italian body design picks up on stylistic elements of the iconic predecessor models. The new Fiat Grande Panda will be available with either electric or hybrid drive… Read More
Stellantis Pro One is the division of Stellantis that markets its commercial vehicles under brands well-established among businesses, self-employed individuals, and professionals such as Citroën, Fiat Professional, Opel, and Peugeot. Its role as a leader in the production and sale of vans and light commercial vehicles in Spain has been recognized by the Merca2 group, which awarded it the Leadership in Commercial Vehicles in Spain Award during a ceremony held today in Madrid, where Diego Rey, director of Stellantis Pro One for Spain and Portugal, received the award. This distinction recognizes both the positive impact of Stellantis Pro One on the Spanish economy and its achievements in recent years. In an extraordinarily short period, Stellantis Pro One has renewed its entire range, launching 12 new models throughout 2024, without affecting its commercial leadership in Spain. This new generation of commercial vehicles stands out for its innovative design, which respects the identity of each brand, and the introduction of technologies that have transformed the driving experience and, considering the economical issue, provided advanced tools to increase operational efficiency. In terms of electrification, the new range introduces solutions that optimize both autonomy and performance. The activity of Stellantis Pro One has a positive impact on the Spanish economy, as stated by the jury that granted this award. Read Press Release
The motorsport division of the Stellantis group has announced that Maserati will continue its participation in the ABB FIA Formula E World Championship starting from Season 13 (2026/2027), which will feature the debut of the 4th generation electric single-seater race cars.
By making this decision, the Modena-based automaker highlights the key role of the electric series in facilitating the tangible transfer of technology from the track to road vehicles. Stellantis Motorsport also stated that the conditions for the involvement of other brands within the group will be determined at a later date. Read more
Vauxhall has announced plans to close its historic Luton factory next year, putting more than 1,100 jobs at risk.
Stellantis says it wants to consolidate production of electric vans, at its other plant at Ellesmere Port in Cheshire. The firm says it will offer the chance for hundreds of Luton-based workers to relocate to Ellesmere Port, which currrently employs 836 people. . Read More
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Nissan Motor Co., Ltd. is hosting its 25th annual national wheelchair race on December 1 in Yokosuka City, Japan. The event strives to promote disability sports as well as support regional revitalization and the creation of an inclusive city. It also contributes to the development of Paralympic athletes. The Nissan Cup Oppama Championship will take place at the Oppama Plant’s GRANDRIVE test course. Over 60 athletes from across the country ranging from Paralympians to novices are expected to participate, competing in 2.5-km, 5-km and 10-km races.
Notably, this race is one of only a few in Japan where athletes can compete regardless of ability and age. Participants range from elementary school students to adults, both with and without disabilities. The event has produced many Paralympic athletes.
In addition, on November 29 a wheelchair experience exchange event will be held for local elementary school students. This initiative provides them with an opportunity to realize the importance of empathy and coexistence through play.
Nissan aims to be a truly sustainable company committed to helping create a cleaner, safer and more inclusive society. It will continue to promote initiatives that support the promotion and development of disability sports. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $69.52 | Down |
| Crude Oil (Brent) | USD/bbl | $73.56 | Down |
| Bonny Light 26/11/24 , CBN | USD/bbl | $75.65 | Up |
| Dubai | USD/bbl | $73.07 | Up |
| Natural Gas | USD/MMBtu | $3.41 | Up |
| Murban Crude | USD/bbl | $72.85 | Down |
| OPEC basket 25/11/24 | USD/bbl | $73.58 | Down |
Dongfeng Nissan unveiled the all-new N7 electric sedan at Guangzhou International Automobile Exhibition (Auto Guangzhou). The vehicle is set to go on sale in China in the first half of 2025. The N7 is the first model built on Dongfeng Nissan’s new modular architecture, designed exclusively for electrified vehicles. Developed and produced in China, it promises consumers in the world’s largest automotive market a stress-free driving experience, superior comfort, and a suite of intelligent technology.
Previewed by the ‘Nissan Epoch Concept’ at the Beijing Motor Show in April, the stylish N7 EV sedan is designed for urban go-getters looking to elevate their lifestyles with the latest technologies. This medium-large sedan embodies Nissan’s iconic V-Motion design signature, showcasing a fluid and futuristic appearance. Measuring 4,930 mm in length, 1,895 mm in width, and 1,487 mm in height, the N7 features a 2,915 mm wheelbase that provides a spacious cabin.
The sleek exterior is paired with an equally impressive and advanced interior. With an Infotainment system powered by a Qualcomm® Snapdragon™ 8295P processor, the N7 promises exceptional computing power for a seamless connected experience.
In partnership with Momenta, a leader in autonomous driving technology in China, Dongfeng Nissan will equip the N7 with an advanced driver-assist system called ‘Navigate on Autopilot.’ Read full article
The Vauxhall Corsa has been crowned ‘Used Small Car of the Year’ at the Car Dealer Used Car Awards 2024, held at The Brewery in London last night, during a glittering ceremony with hundreds of attendees.
The Car Dealer Used Car Awards, held by Car Dealer Magazine, celebrate excellence across the UK’s used car industry, recognising outstanding achievements by dealers, manufacturers, and associated businesses. Judged by industry experts including Used Car Awards host Mike Brewer, the awards have been spotlighting the top dealers and manufacturers since 2012. This year, more than 30 awards were handed out with Corsa coming out on top in the ‘Used Small Car’ category.
This award win highlights the long-term appeal of the Corsa, which has consistently stood out in the competitive small car segment. A staple of the UK’s used car market, the Vauxhall Corsa offers buyers a wide range of options, from efficient petrol models to the fully electric Corsa Electric. Its compact size, low running costs, and impressive reliability make it a top choice for drivers seeking a balance of value and performance. With its long-standing reputation as one of Britain’s best-selling superminis, the Corsa continues to meet the evolving needs of used car buyers nationwide. Read full article
Vauxhall has achieved remarkable success at the 2024 Auto Express Used Car Awards, taking home an impressive five awards, including the coveted “Overall Car of the Year” award for the Corsa Electric.
The Auto Express Used Car Awards select the best cars across 19 categories, with an expert team combining pricing and Driver Power customer satisfaction scores with Auto Express’ extensive experience to produce a list of winners providing both value for money and a rewarding experience for drivers parting with their hard-earned cash on a used model. Among the award-winning models, the Corsa Electric is now available at a new, lower starting price of £29,045 for Design trim, with GS and Ultimate versions priced at £31,230 OTR and £33,040 OTR respectively. This new pricing structure means customers can save up to £4,150 on a Corsa Electric. Read full article
Nissan Motor Co., Ltd. announced sale of up to 149,028,300 shares (approximately 10.02% of Mitsubishi Motors Corporation (MMC) the total number of issued shares (excluding treasury shares)) reducing its current 34.07% stake (506,620,577 shares) in MMC.
The shares are scheduled to be sold at today’s closing price (including the final special quotation) of 460.6 yen through the Tokyo Stock Exchange’s off-floor purchase trading for treasury stock (ToSTNeT-3) at 8:45 AM on November 8, 2024.
This transaction will support MMC’s management strategy as well as enhance Nissan’s financial flexibility, paving the way for future growth opportunities.
Nissan and MMC will continue their collaborative efforts to drive innovation and deliver exceptional value to their stakeholders. Together, the Alliance companies are actively engaged in high-value creation projects that respond to evolving industry trends. Read full article
Verlinde, France’s leading manufacturer and exporter of lifting and handling equipment, is strengthening its international presence in the growth markets of the Middle East and Africa (MEA) region by opening an office in Dubai, headed by an experienced sales manager, Mr Ansheel Haneef. The recent appointment of Verlinde’s new Managing Director, Pierre Eluard, has given the company a new dynamic. At the heart of the export business development strategy led by Mr Rachid Nakhil, Major Export Sales Director for the past 3 years, is the desire to take the level of partnership to a higher level, in line with the Next Level PartnerShip slogan. The opening of this office in Dubai illustrates this approach of strengthening proximity with customers, with the long-term objective of positioning Verlinde as a key player in lifting in these buoyant but highly competitive markets. Read full article
Baker Hughes Rig Count: U.S. -1 to 583 Canada +1 to 201
U.S. Rig Count is down 1 from last week to 583 with oil rigs up 1 to 479, gas rigs down 2 to 99 and miscellaneous rigs unchanged at 5.
Canada Rig Count is up 1 from last week to 201, with oil rigs down 4 to 133, gas rigs up 4 to 67 and miscellaneous rigs up 1 to 1.
International Rig Count is up 3 rigs from last month to 950 with land rigs down 9 to 726, offshore rigs up 12 to 224.
The U.S. Offshore Rig Count is unchanged at 16, down 5 year-over-year.
The Worldwide Rig Count for October was 1,754, up 4 from the 1,751 counted in September 2024, and down 22, from the 1,776 counted in October 2023.
| Region | Period | Rig Count | Change |
| U.S.A | 23 November 2024 | 583 | -1 |
| Canada | 23 November 2024 | 201 | +1 |
| International | October 2024 | 950 | +3 |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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