Energy/Automotive News 25 /9/2023|WTI Crude stands at $89.96/bbl, Brent at $93.37/bbl
London, 25 September, 2023, (Oilandgaspress): – U.S. crude prices have held most of September’s gains. Oil prices held steady on Monday after Russia relaxed its fuel ban. Russia adjusted its fuel export ban by lifting restrictions for fuel used as bunkering for some vessels and diesel with high sulphur content, as per media reports quoting government documents.
Subsea 7 S.A. today announced that Subsea Integration Alliance1 has signed a memorandum of understanding (MoU) aimed at forming a framework agreement with bp for integrated subsea developments. Under the framework agreement, Subsea Integration Alliance would work with bp from concept selection, through the full field life cycle, to deliver enhanced subsea project performance, based on new ways of working and an innovative commercial model. A new team would be formed to oversee and manage activity across the programme with a focus on safety, quality and subsea project performance. Olivier Blaringhem, CEO of Subsea Integration Alliance, said: “This agreement will mark a step change in how our highly collaborative teams work together to achieve shared objectives for mutual value. Together with bp, we will deliver lower-carbon energy to the world through enhanced long-term subsea performance.” Ewan Drummond, bp’s SVP Projects, said: “The members of Subsea Integration Alliance have been a key supplier of bp for decades, and by combining our resources and knowledge, we can bring significant benefits to our customers and our stakeholders. Together we can safely deliver projects with improved project schedules, reducing our total cost of ownership and harnessing synergies through a collaborative one-team mindset. We look forward to getting to work.” 1 Subsea Integration Alliance is a nonincorporated strategic global alliance between Subsea7 and OneSubsea™, the subsea technologies, production, and processing systems business of SLB, bringing together field development planning, project delivery, and total life cycle solutions under an extensive technology and services portfolio Read More
KBR announced today that it has been awarded an engineering, procurement and construction management (EPCm) contract by Woodside Energy, as operator for and on behalf of the Pluto Joint Venture.Under the contract, KBR will undertake modifications to Train 1 of Woodside’s Pluto LNG facility, located near Karratha, Western Australia. The modifications will enable the processing of up to three million tonnes per annum of Scarborough gas through Train 1. “KBR is pleased to support Woodside in the modification of the Pluto Train 1 LNG facility to enable processing of Scarborough gas, and in turn provide opportunity to extend the life of the plant,” said Jay Ibrahim, President – Sustainable Technology Solutions. “KBR is committed to helping its clients navigate the energy transition, which includes gas as a key part of the energy mix. We are also excited to focus on engaging local and Indigenous businesses to support the project and proud to be creating jobs and opportunities within Western Australia.” KBR has nearly 50 years of experience in designing, developing and supporting cryogenic liquefied natural gas facilities. This deep domain knowledge makes KBR ideally suited to provide high end engineering and project management services to support this project. Read More
Hydro Energi AS has signed a long-term power purchase agreement (PPA) with Alpiq for the total delivery of 1.18 TWh during the period of 2024-2032.
The PPA will be part of Hydro’s Norwegian power portfolio, which consists of captive power production of 9.4 TWh per year and a long-term contract portfolio of around 10 TWh. Access to renewable power and modern technology enables Hydro to produce aluminium in Norway with a carbon footprint of about 75 percent less than the global average. Long-term power purchase agreements at competitive prices are crucial for Hydro to continue to lead the way in low-carbon aluminium globally.The contract with Alpiq will be delivered to the NO3 price area. Read More
Serikandi Kent Energy Solutions Sdn Bhd achieves another milestone with EPC Contract for TotalEnergies’ MLJ Inlet Compression Project in Brunei Darussalam. Forecasted to take twenty-four months to complete, Serikandi Kent Energy Solutions will manage the detailed engineering, procurement, fabrication, construction and pre-commissioning of the compressor and associated facilities, utilising Kent’s global expertise and Serikandi’s execution capabilities in Brunei.
This EPC project with TotalEnergies Brunei serves as a launchpad to achieve Serikandi Kent Energy Solution’s mission of bringing world-class expertise to Brunei Darussalam to meet local energy demands in a reliable and cost-efficient manner through a skilled and empowered workforce. The project looks to create additional value for the Bruneian economy, including employment and development opportunities for local Bruneians and enhanced procurement for local suppliers. Joe McCormick, Executive Vice President for Asia Pacific at Kent commented: “We are thrilled to extend our relationship with TotalEnergies in Brunei with this first EPC project in Brunei. Kent’s global expertise, as well as Serikandi’s long-term knowledge and experience in the region, will enable us to support TotalEnergies’ work at MLJ and highlights our commitment to Wawasan Brunei 2035” CEO of Serikandi Oilfield Services, Revi Bhaskaran, added, “We are proud to continue expanding our work with TotalEnergies in Brunei. This enables us to continue supporting the nation’s economic growth and competitiveness, remaining steadfast in achieving Brunei’s Wawasan 2035 Goals of producing a talented workforce and a diversified and sustainable economy.” Read More
Europe’s leading developer and manufacturer of emission-free hydrogen fuel cells with two company sites in the Munich metropolitan region, “Proton Motor Fuel Cell GmbH”, participation in trade fairs and customer events is a successful instrument for presenting its technology and product innovations “Made in Germany”. On the occasion of the company’s 25th anniversary, the key player is established in the market segments for stationary and mobility applications, emphasising the necessity of the hydrogen ramp-up. For the future of a healthy and climate-neutral energy industry, the prospective switch to renewable resources supports the achievement of the energy and climate transition. The “Hydrogen Technology Expo” on September 27/28 in Bremen, where Proton Motor will be exhibiting at booth no. 6D10, will focus on the spectrum of hydrogen fuel cell solutions as a substitute for climate-damaging energy sources in industry and as storage for green, clean power. In view of the fact that the European Union intends to invest at least EUR 470 billion in decarbonisation over the next three decades, the German H2 specialist is taking part in the “European Hydrogen Week” in Brussels (20-24 November; booth no. K10 in hall 7). Here, too, the focus is on the industrial innovation of the hydrogen industry based on renewable energies. HyShelter®, HyModule®, HyFrame® and HyCabinet for self-sufficient energy generation Read article
Roxtec UK is ramping up its growth plans with the appointment of Nigel Pinhorne to its Infrastructure and Industry Team. Nigel joins Greater Manchester headquartered Roxtec as market manager for Ports, Airports, and Heavy Vehicles having previously worked for Sheffield Insulation Group. He said he aims to use knowledge acquired by the wider Roxtec global group to help generate business within the UK’s airports and ports. “What attracted me to Roxtec was the product, the company, and the chance to build an area of the business that hadn’t been penetrated,” Nigel explains. “A lot of my previous roles were centered around immediate sales. I wanted to delve into specific specification sales, from design through to installation. That’s what really attracted me to this role.”Nigel said immediate targets include working on maintenance projects and ongoing work, with an eye on winning new major infrastructure work. Read full article
Lego has abandoned its effort to ditch oil-based plastics from its bricks after finding that its new material led to higher carbon emissions, the Financial Times reported on Sunday. Lego found that bricks made from recycled polyethylene terephthalate (RPET), would lead to higher carbon emissions. “We tested hundreds and hundreds of materials. It’s just not been possible to find a material like that,” Lego Chief Executive Niels Christiansen told the Financial Times. Read full article
Porsche sports car brand celebrates its 75th anniversary with the vision of a futuristic hypercar. Now the sports car manufacturer provides an exclusive look at development.The Mission X was just unveiled at the Porsche Museum in Stuttgart-Zuffenhausen – just in time for the sports car brand’s 75th anniversary. Now the invited guests are crowding around the lowered concept vehicle in Rocket Metallic. The internally developed exterior color is a novelty, as its brown tone darkens depending on your perspective. Just one of many highlights provided by this spectacular reinterpretation of a Porsche hypercar.The vehicle is an uncompromising hypercar, and yet the interior was not designed in the fashion of a functional race car cockpit. According to Mauer, you don’t need to prove to anyone visually that you can drive the fastest lap on Nürburgring. Rather than Alcantara, the interior features fabric that complements the color of the leather. “We focused on design quality, the materials, and the best possible integration of all the elements,” says the Head of Design. A harmonious overall composition was created in collaboration with colleagues from the Color & Trim department. The vehicle is painted in Rocket Metallic, a muted, reserved brown tone, rather than a signal color. Color schemes that are often used for luxury fashion brands and communicate subtle understatement. The lightweight carbon elements feature matching colors, so that they’re only visible at second glance. “The contrast between motorsport design and elegant, luxurious equipment generates excitement,” says Michael Mauer. “And excitement is one of our most important design principles.” Read More
Mercedes-Benz customers in Germany can now start the fuelling process directly from their vehicle and pay digitally by fingerprint. Eliminating the need to enter a PIN or authenticate via mobile device, drivers can now leverage convenient payments to enhance the in-vehicle experience. The native in-car payment service Mercedes pay+ will turn the car into a payment device. The fingerprint sensor integrated into the MBUX infotainment system enables biometric two-factor authentication. Digital payments at service stations using the fingerprint sensor will be possible with Mastercard debit and credit cards in current Mercedes-Benz models.
Fingerprint payment authorization at a gas station represents the first use case for native in-car payments at the point of sale, in addition to Mercedes-Benz as the world’s first automaker to integrate Mastercard’s Secure Card on File for Commerce platform into the car. This technology allows for transaction data to be encrypted using uniquely assigned cryptograms, in turn protecting sensitive payment information. A study conducted by the German market research company GfK[5] on behalf of Mastercard shows that around half of 18- to 39-year-olds would order and pay for services and goods directly via the infotainment display. The proponents would like to use in-car payment primarily for everyday car-related services: 60 percent would pay their gas bill or electric vehicle charging directly via the car. Read More
Bentley Motors has welcomed 60 beautiful Bentleys of the ‘Derby era’ to Crewe to celebrate the 90th birthday of the Bentley 3½ Litre, commonly known simply as the ‘Derby Bentley’. Organised by The Silent Sports Car Club – the owners club dedicated to the Derby Bentley – a cavalcade of cars convoyed to Bentley’s Dream Factory in Crewe last Friday, with more than 100 guests enjoying a tour of the campus, exploration of the Bentley’s newly refurbished Heritage Collection and a visit to the Mulliner workshops. Bentley’s own Derby Bentley, a 1934 3½ Litre with coachwork by Thrupp & Maberley, was on display for the guests in the newly-opened Lineage area, where the eight pre-war cars of the Heritage Collection are on display. On Saturday, one of the crown jewels of Bentley’s fleet – the one-of-one 1939 MkV Corniche, recently re-registered and returned to the road for the first time in 84 years – was the guest of honour at a black tie dinner to formally mark 90 years of Derby Bentleys. The Derby Bentleys that came to Cheshire covered a huge array of coachwork styles, representing a significant proportion of the more than 40 independent coachbuilders that provided bespoke bodywork for the model in the 1930s. Standout cars included chassis B15AE (one of two original launch cars) produced in September 1933) and chassis 3-B-50 (the only survivor of four experimental six-cylinder saloons from 1939), perfectly encapsulating an enormous variety of cars from the era. Read More
GR Corolla, driving experience is always front and center. The new Premium Grade keeps that focus keen. The dual LSD has the ability to split power between both left and right axles, so the car can apply maximum traction and distribute more torque on the outer wheels during cornering. Brake cooling ducts also come standard on the Premium to minimize brake fade. The new GR Corolla Premium Grade also comes with an upgraded Brin Naub® suede-trimmed interior with heated seats and steering wheel. It also comes with standard convenience features like front/rear parking sensors, JBL Premium Audio, and wireless cell phone charger. It will be available in a choice of Heavy Metal, Ice Cap, Black, or Supersonic Red. For 2024, the Toyota GR Corolla Circuit Edition will be available in two color choices, the head-turning Blue Flame and frosty cool Ice Cap. It also changes to standard black forged aluminum 18-inch BBS® wheels, shaving weight from the already agile model. Completing the unique package on the Circuit Edition is a bulge hood, forged carbon fiber roof, gloss black high-mounted rear spoiler, black side rocker graphics that run up to the stamped GR-FOUR logo, leather-wrapped shift knob with blue sightline, and a forged carbon fiber accent on the shifter top plate. Read More
California Governor Gavin Newsom late on Friday vetoed a bill to prevent heavy-duty driverless trucks from operating in the state, in a relief for companies developing autonomous technology to haul goods across the U.S. The labor-backed Assembly Bill 316, which requires a trained human driver to be present in autonomous vehicles weighing over 10,001 pounds, was passed by a heavy majority in both houses of the state legislature. Read Full Article
Teledyne FLIR is set to exhibit its latest products and groundbreaking solutions for oil & gas industry at ADIPEC 2023. The event, one of the largest of its kind, will take place from October 2nd to 5th in Abu Dhabi, United Arab Emirates, attracting over 160,000 energy professionals and visitors worldwide. Visit Teledyne FLIR Booth 1005 and experience “live” demonstrations of the company’s new range of product solutions for the Oil & Gas Industry.
Products on display will include:
New G Series range (Gx320 & G306) & GF77 is a family of high-tech, cooled-core optical gas imaging (OGI) cameras that can help leak detection and repair (LDAR) professionals seamlessly locate and document harmful gas emissions. The G-Series is designed to empower everyday users in the oil and gas, manufacturing, steel, and utility industries to spend more time prioritizing leak repairs, and less time documenting them while gaining better insight into the severity of the emission. These cameras detect and accurately quantify hydrocarbon, fugitive gas, and other volatile organic compounds (VOC) emissions in the oil and gas industry.
Handheld professional thermal imaging range of cameras T8xx, T5xx, Exx , Cx5 series are designed to make condition monitoring more efficient and effective. These versatile cameras help identify problems before failures occur, prevent costly shutdown, and help in improving overall safety in a workplace.
Industrial Acoustic Imaging Camera – Si124 – detects pressurized leaks and partial discharge, perfect for industrial environments. This lightweight, one-handed solution can be used to identify issues up to 10 times faster than with traditional methods.
Firefighting K Series thermal imaging cameras help you see through smoke and monitor the fire’s spread, so you can quickly visualize your plan of attack, locate hot spots, and save lives. FLIR’s expanded lineup of TICs gives you the most comprehensive view of the scene—from inside, outside, and above the fire. Read More
| Oil and Gas Blends | Units | Oil Price $ | Change |
| Crude Oil (WTI) | USD/bbl | $89.99 | Down |
| Crude Oil (Brent) | USD/bbl | $93.36 | Down |
| Bonny Light | USD/bbl | $96.60 | Up |
| Saharan Blend | USD/bbl | $94.70 | Down |
| Natural Gas | USD/MMBtu | $2.65 | Up |
| OPEC basket 22/09/23 | USD/bbl | $95.73 | Up |
Baker Hughes Rig Count
U.S. Rig Count is down 11 from last week to 630 with oil rigs down 8 to 507, gas rigs down 3 to 118 and miscellaneous rigs unchanged at 5.
Canada Rig Count is unchanged from last week at 190, with oil rigs down 4 to 115 gas rigs up 4 to 75.
| Region | Period | Rig Count | Change |
| U.S.A | 22 September 2023 | 630 | -11 |
| Canada | 22 September 2023 | 190 | +0 |
| International | August 2023 | 952 | -9 |
The Baker Hughes rig count defines active rigs as rigs that are actively conducting drilling operations on a given well Rig Count Overview & Summary Count |
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