Energy/Automotive News 22 September, 2023
London, 22 September, 2023, (Oilandgaspress): – renewed global supply concerns from Russia’s fuel export ban counteracted demand fears. Russia’s Transneft suspended deliveries of diesel to the key Baltic and Black Sea terminals of Primorsk and Novorossiysk on Friday, according to news reports and has banned exports of gasoline and diesel to all countries outside of four ex-Soviet states.
Watson Farley & Williams (“WFW”) acted as special maritime counsel to SEACOR Holdings Inc. (“SEACOR”), through its subsidiary Seabulk Tankers, on the formation of a joint venture with Crowley. The joint venture will integrate SEACOR and Crowley’ liquid energy and chemical transportation vessels, operations and related services into a new, independent U.S. Jones Act service provider, Fairwater Holdings LLC (“Fairwater”). Fairwater will provide transportation solutions across the petroleum and chemical trades, as well as related third-party ship management services. It will include 20 ocean-going, articulated tug-barges and 11 tankers, many under long-term charter. In addition, the joint venture will provide crewing and technical management for an additional 21 third-party owned vessels.
SEACOR is a portfolio company of American Industrial Partners, with interests in domestic and international transportation and logistics assets. Seabulk Tankers owns and operates a fleet of 13 U.S.-flag vessels in the U.S. coastwise trade of crude oil, petroleum, and chemical products, including eight medium range tankers and five articulated tug barges. The company also provides premium ship management services to third-party owners of U.S. and foreign flag vessels.
The WFW New York Maritime team that advised SEACOR was led by Partner Christopher Belisle, supported by Counsel Maxi Adamski de-Visser, Associate Chloe Sucato and Law Clerk Elisabeth Goussia. Chris commented: “We are very pleased to have been able to support our long-standing client SEACOR on this milestone transaction, demonstrating WFW’s strength in the Jones Act maritime space.” Read More
Subsea 7 S.A. in accordance with the Oslo Børs rules, today announces the details of awards under its 2022 Long-Term Incentive Plan approved by the Board on 19 September 2023. The Company will make awards of 1,450,400 performance shares, subject to the Plan’s performance conditions, on 19 September 2023. Read More
Neste and SQUAKE, a leading technology provider for powering carbon calculations and providing tangible compensation for all travel and logistics emissions, are announcing a strategic partnership that enables businesses to purchase Neste MY Sustainable Aviation Fuel™ through flight booking systems using SQUAKE’s technology. Travel companies using SQUAKE’s technology infrastructure can now provide their business customers an opportunity to opt for sustainable aviation fuel (SAF), for instance during their booking process or by including SAF automatically in all bookings by the company.
Goodwings, a climate-focused travel management platform that helps businesses reduce their emissions, is the first travel management company to incorporate the option to purchase SAF in their booking platform. Goodwings enables their global client network to mitigate their emissions and fly more sustainably using Neste MY Sustainable Aviation Fuel. With SQUAKE’s technology embedded in Goodwings’ travel platform, all processes from SAF order creation and invoicing to document management are fully automated. Neste, Goodwings and SQUAKE are proud to empower businesses and travelers towards building a more sustainable travel industry by accelerating use of SAF to significantly reduce air travel-related emissions. Read More
McDermott has been awarded a transportation and installation contract by PRIO (former PetroRio) for the Wahoo field, offshore Brazil.
Under the scope of the contract, McDermott will perform the transportation and installation of approximately 19 miles (30 kilometers) of coated 10-inch rigid pipelines and associated subsea structures. Once installed, the pipelines will connect the Wahoo field to the Frade floating production storage and offloading unit. The contract also includes an extension option for a second pipeline. “This award is a reflection of our offshore installation expertise in the region,” said Mahesh Swaminathan, McDermott’s Senior Vice President, Subsea and Floating Facilities. “Our proven track record in subsea installations, state-of-the-art vessels, technical expertise, and collaborative approach positions us well for the successful delivery of this project.” The Wahoo field is located about 19 miles (30 kilometers) north of the already-producing Frade field in Brazil’s Campos basin. McDermott’s team in Rio de Janeiro will oversee project management and engineering. The installation activities will be performed by one of McDermott’s rigid pipelay vessels. Read More
Equinor has, on behalf of the BM-C-33 consortium, submitted to Agência Nacional de Petróleo, Gás Natural e Biocombustíveis (ANP), the Declarations of Commerciality and Plans of Development for two development areas in the BM-C-33 concession in Brazil’s Campos Basin. Equinor (operator) is partnered with Repsol Sinopec Brasil and Petrobras in the consortium. The concession is located approximately 200 kilometers from Rio de Janeiro, in water depths up to 2900 meters. It contains natural gas and oil/condensate recoverable volumes of above one billion barrels of oil equivalent.
The suggested names for the areas are Raia Manta and Raia Pintada. The names and Plans of Development are subject to approval by the regulator. “Raia Manta and Raia Pintada are a strategic fit for Equinor’s ambitions in a country where we have a solid history and an intention to further strengthen our presence. Together with our partners, we will employ additional expertise to ensure safe and efficient execution of these developments” says Trond Bokn, senior vice president for Project development. The selected concept comprises one floating production storage and offloading unit (FPSO) capable of processing gas and oil/condensate to meet sales specifications without further onshore processing. The FPSO will have a production capacity of 16 million cubic meters of gas per day with expected average exports of 14 million cubic meters of gas per day. Raia Manta and Raia Pintada are significant natural gas developments that will play a key role in the ongoing advancement of the Brazilian gas market. Together, the development and operation of the areas have the potential to generate up to 50,000 local jobs during its full life cycle, through various contracts in the supply chain. Total investment is approximately USD 9 billion. Read Related
The Toyota Automobile Museum, a cultural facility of Toyota Motor Corporation, will host its 34th Classic Car Festival on Sunday, 22 October at Expo 2005 Aichi Commemorative Park in Nagakute City, Aichi. The community-based event aims to promote and sustain automobile culture. The parade route will run through downtown Nagakute so that many onlookers can stop and cheer. About 120 classic cars will depart from the museum and proceed through the city before reaching Expo 2005 Aichi Commemorative Park. The spectacular motorcade will include vehicles spanning the 100-year history of automobiles in Japan, the U.S., and Europe. The parade will be led by a first-generation Crown made in 1960, and the rear will be brought up by a Crown Crossover released in 2022.
The festival’s logo has been redesigned this year, and the number of privately owned cars joining the parade will be around 120. In addition, demo runs of some of the classic cars in the museum’s collection will resume this year after a hiatus due to the COVID-19 pandemic. Visitors will be greeted by staff members in diverse costumes, reflecting the vibes of cars from different periods. Returning to the original form of the event, we at the museum will present automobile culture in a tangible way that can be enjoyed by visitors and participants alike. Read More
Toyota Motor Corporation (Toyota) recently held an informational session, Toyota Monozukuri Workshop, under the theme of Changing the Future of Carmaking. Executive Officer and Chief Production Officer Kazuaki Shingo explained the inheritance and evolution of the Toyota way of monozukuri (manufacturing) by changing plant environments, and changing the future of automobiles through human-centered manufacturing. Various monozukuri technologies being developed at the Teiho, Myochi, and Motomachi plants were also on display. Read More
GE Vernova’s Hydro Power business has completed the upgrade of the first of six Kaplan turbine and generator units at the Qairokkum hydropower plant in Tajikistan. Following the refurbishment process, the 21 MW unit has been upgraded to a capacity of 29 MW and is now connected to the grid. The output of each of the six refurbished units will increase from 21 MW to 29 MW, bringing the total capacity of the plant to 174 MW. This over 60-year old hydropower plant located on the river Syr Darya is the only power plant located in the northwestern province of Sughd and the sole source of electricity for about 500,000 people in the province. The refurbishment activities will help extend the lifetime of the plant and its capacity to deliver even more clean and sustainable energy to Tajikistan.
GE was selected with Barki Tojik to refurbish the six Kaplan units at the state-owned Qairokkum hydropower plant. The scope of work includes the upgrade of the six turbines and generators, as well as part of the balance of plant and site supervision for its supplied equipment. GE Vernova leads the consortium which, with Cobra – a division of ACS Group, a Spanish company – will refurbish the Qairokkum hydropower plant. The plant is expected to be fully modernized by mid 2025. Read More
As part of its grid reinforcement efforts amid the energy transition and overhaul of aging assets, Amprion GmbH, one of four transmission system operators (TSO) in Germany, has awarded GE Vernova’s Grid Solutions business a contract for twelve 400 kV power transformers. The transformers will be manufactured at GE Vernova’s grid facility in Mönchengladbach in western Germany. Totaling more than 5,000 MVA, these power transformers will make an important contribution to the supply of electricity to the 29 million people who live and work in the area covered by Amprion’s grid. Amprion’s extra-high voltage 11,000-kilometer-long grid extends from Lower Saxony to the Alps where about a third of Germany’s economic output is generated. Delivery of the power transformers is planned from 2025 to 2027. Read More
Roger Federer has had a close partnership with Mercedes-Benz for 15 years. This will be extended for the coming years. Since the end of his career, Roger Federer and Mercedes-Benz have taken their long-standing partnership to the next level: Their joint Neon Legacy initiative is intended to give back to society and support especially the next generations of tennis players. In June 2023, a public tennis court in Abbey Wood, London, was renovated and opened to the public by Roger Federer. On Tuesday, September 19th, 2023, right before the Laver Cup, Roger Federer stepped back on the court once again to interact with local kids from the Vancouver area. “It has always been my goal to give something back to tennis and society after my active career. With this extension of our long-term partnership, Mercedes-Benz and I look forward to identifying and implementing these special projects for the benefit of communities around the world.” Read More
Timo Resch, currently Vice President of Customer, Brand, and Sales at BMW M, will take over as head of Porsche Cars North America. He succeeds Kjell Gruner, who left the company at his own request at the beginning of July.For Timo Resch, the move to Porsche Cars North America represents a return to his origins. He started his career in 1995 as a student with Porsche in Zuffenhausen. After taking on various roles at Porsche AG and Porsche Cars North America, from 2007 to 2009 he led the Product Planning and Market Research unit for the North American subsidiary. Read More
Ralph Wangemann has been reappointed Managing Director Human Resources and Labour Director of Opel Automobile GmbH for a further three years by the Supervisory Board of the company. The decision was taken by the Board during its meeting on Thursday. Read More
With the opening of Lamborghini Verona, celebrated with an evening event at the new showroom, the dealership in this Veneto city becomes the sixth in Italy. In a very special year for the Sant’Agata Bolognese carmaker, which is celebrating its 60th anniversary in 2023, the new showroom opened is part of the Eurocar group, managed by Vicentini, one of the leading groups specialized in the luxury and sports car segment. The new Verona site offers a large showroom and aftersales facilities, reflecting the strength of the brand and the expansion of the range offered by Automobili Lamborghini.
At the opening event in Verona, Chairman and CEO Stephan Winkelmann commented: “We are delighted to be opening this new showroom in Verona. It is a key location for Italian business and industry and for this reason our presence here was a must. Lamborghini Verona underscores how crucial Italy is for the company, not only because it is our home, but also because it is one of the most important countries in Europe in terms of sales.” Verona is a strategic area, located in one of the most important areas on the peninsula for industry. This new opening further demonstrates the link between the Sant’Agata Bolognese carmaker and Italy, which today is ranked sixth overall in terms of cars delivered worldwide.
The new facility, comprising an aftersales area and a showroom of around 400 m2 on Via Gardesane, fully embodies the company’s philosophy. The facility includes a waiting room looking out over the showroom and a studio dedicated to the world of Ad Personam: here, clients can choose from an almost infinite number of colors and finishes to customize their new Lamborghini. Read More
Lamborghini marked its 60th anniversary in a grand celebration on Lamborghini Day held in Chengdu, where over 200 customers and Lamborghini enthusiasts convened to celebrate the brand’s milestone. It coincided with another 60th anniversary event, the conclusion of the 2023 Lamborghini Esperienza Giro China that saw a four-day tour in western Sichuan Province with a fleet of nearly 40 Lamborghini super sports cars and super SUVs. Read More
| Oil and Gas Blends | Units | Oil Price $ | change |
| Crude Oil (WTI) | USD/bbl | $90.76 | Up |
| Crude Oil (Brent) | USD/bbl | $94.14 | Up |
| Bonny Light | USD/bbl | $96.00 | Down |
| Saharan Blend | USD/bbl | $94.84 | Down |
| Natural Gas | USD/MMBtu | $2.63 | Down |
| OPEC basket 21/09/23 | USD/bbl | $95.01 | Down |
| At press time 22 September 2023 |
VinFast Auto Ltd. announced that it delivered 9,535 electric vehicles in 2Q23, more than five times the number of deliveries in 1Q23. VinFast delivered a total of 11,315 electric vehicles in the first half of 2023 globally. Read More
California approved a $437 million effort to build thousands of electric vehicle chargers, its utility regulator said, calling it the nation’s largest ever utility program to expand charging infrastructure. The money will go to utility Southern California Edison SCE_pe.A to fund the installation of nearly 40,000 chargers, the California Public Utilities Commission said in a statement. The program will help the state achieve its goal of putting 5 million zero-emissions vehicles on the road by 2030, the CPUC said.
Half of the investment must take place in low-income communities, and 30% will be dedicated to multi-family residences, where it is more difficult to charge an EV. With the expansion of the electric charging infrastructure system in California, VinFast car owners, especially car owners living in areas with few electric charging systems, will feel secure when traveling on their electric vehicles without No need to worry about where to charge the battery. The Norwegian Petroleum Directorate and the Petroleum Safety Authority are changing their names. Prime Minister Jonas Gahr Støre emphasises that both agencies are crucial in the effort to further evolve the Norwegian shelf, both within oil and gas as well as new industries. Prime Minister Jonas Gahr Støre visited the Norwegian Petroleum Directorate (NPD) and the Petroleum Safety Authority (PSA) in Stavanger. He was there to announce that both the NPD and PSA will change their names as of 1 January 2024. The NPD’s new name will be the Norwegian Offshore Directorate. The PSA’s new name will be the Norwegian Ocean Industry Authority. The Prime Minister emphasises that both the NPD and PSA play important roles in the crucial effort to further evolve the Norwegian shelf, both within oil and gas as well as new industries. Read More
The lithium-free electric bike
Without battery and without recharging it is possible to move forward with Pi-POP. After 7 years of Research & Development within our Orléans SME, we are proud to present to you the first electrically assisted bicycle in the world which only needs… you! Pi-POP is equipped with revolutionary technology, which stores the energy produced by the user to release it at the right time. The ability of the Pi-POP bike to regenerate stored energy when the user pedals, goes down a slope or when braking, allows them to benefit from constantly renewed assistance available 24/7. Read More
Baker Hughes Rig Count
U.S. Rig Count is up 9 from last week to 641 with oil rigs up 2 to 515, gas rigs up 8 to 121 and miscellaneous rigs down 1 to 5.
Canada Rig Count is up 8 from last week to 190, with oil rigs up 6 to 119 gas rigs up 2 to 71.
| Region | Period | Rig Count | Change |
| U.S.A | 15 September 2023 | 641 | +9 |
| Canada | 15 September 2023 | 190 | +8 |
| International | August 2023 | 952 | -9 |
New Zealand-based company CarbonScape has developed graphite using wood chips, the by-product of the forestry and timber industry. The approach can help mitigate risks in the supply chain of graphite, an important component of electric vehicle (EV) batteries. The world is banking on battery-powered EVs to transition from fossil-fuel-powered transportation to electric ones. Still, crucial components of the EV battery, such as lithium and graphite, are derived using fossil fuels. A higher demand for these components will result in higher usage of fossil fuels in the future, which is counterintuitive to the net-zero goals. Read More
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