Energy / Automotive News As Reported to 14 Feb 2023
OPEC daily basket price at US$84.23/bl, WTI Crude stood at $79.29/bl, Crude prices inches up.wards
The annual general meeting of Ørsted A/S will be held on Tuesday, 7 March 2023, at 10:00 CET. The meeting will be held at Bella Sky Conference & Event, Center Boulevard 5, entrance 3, 2300 Copenhagen S, Denmark.
The agenda for the annual general meeting is:
Approval of the annual report for 2022 and distribution of profits.
Advisory vote on the remuneration report for 2022.
Discharge of the Board of Directors and the Executive Board.
Election and remuneration of board members.
Election of auditor. Read More
Britain has delayed until mid July a decision on whether to grant permission for Orsted’s giant Hornsea Four offshore windfarm, whose footprint on the sea floor partially overlaps that of a BP-led carbon capture project. Read More
The 2nd High-level Meeting of the OPEC-Africa Energy Dialogue took place today, 12 February 2023, in Cairo involving leading energy partners from across the African continent. In a follow-up to the highly successful inaugural Dialogue held on 2 June 2021, OPEC hosted the second meeting with the African Union, the African Petroleum Producers’ Organization (APPO) and the African Refiners and Distributors Association (ARDA) to conduct open and transparent discussions on key energy-related topics relevant to Africa and its energy industries.
In his opening remarks, OPEC Secretary General, HE Haitham Al Ghais, welcomed HE Dr Amani Abou-Zeid, Commissioner for Infrastructure and Energy of the African Union; HE Dr Omar Farouk Ibrahim, Secretary General of APPO; and HE Anibor Kragha, Executive Secretary of ARDA.
The OPEC Secretary General noted that these partner organizations have played a crucial role in supporting the Dialogue, which has proven to be a win-win initiative for all participating parties. “Excellencies, I want to thank you for your excellent leadership and staunch support for this important Dialogue. Your combined experience and knowledge of African energy affairs are highly valued, and we look forward to benefiting from your expert insights,” he said.
“The opportunities for the continent will be significant in the years ahead, but there will undoubtedly be a great number of challenges in store as this industry continues to evolve towards a lower-carbon future,” he stated. “This complex and double-sided reality is what makes global energy cooperation and events such as this one of dire importance.” All parties had a chance to deliver introductory remarks. Discussions followed on topics that included energy investment and finance in Africa, the energy transition, energy poverty and the way forward for the OPEC-Africa Dialogue. Read More
Brent contract for April reportedly hit $86.39 a barrel. U.S. West Texas Intermediate crude futures rose to $79.72 a barrel.
| Oil and Gas Blends | Units | Oil Price $ | change |
| Crude Oil (WTI) | USD/bbl | $79.29 | Up |
| Crude Oil (Brent) | USD/bbl | $86.04 | Up |
| Bonny Light | USD/bbl | $85.84 | Down |
| Saharan Blend | USD/bbl | $86.74 | Up |
| Natural Gas | USD/MMBtu | $2.46 | Down |
| OPEC basket 13/02/23 | USD/bbl | $84.23 | Up |
DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s shares will be traded ex-dividend effective 14 February 2023.
A dividend payment of NOK 0.25 per share will be made on or about 22 February 2023 to all shareholders of record as of 15 February 2023. Read More
Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC) has received an order from the Owarihokubu Waste Disposal Association for building, operation, and maintenance of a new waste-to-energy plant. The association was established to consolidate waste treatment services of four municipalities in the northern Aichi region: Inuyama City, Konan City, Oguchi Town, and Fuso Town in Niwa County. The order calls for construction of an integrated waste-to-energy plant equipped with two stoker-type incinerators(1) collectively capable of processing 194 tons per day (tpd) in Konan City, to replace two superannuated plants in the association’s service area. The operation startup is scheduled for April 2028.The new facility will employ state-of-the-art technology for municipal waste processing. Besides two stoker-type incinerators each having a processing capacity of 97 tpd, the plant contributes to lighter environmental footprint by reducing CO2 emissions and providing highly efficient power generation. In addition, under the DBM(3) contract, MHIEC will also take charge of providing long-term maintenance services of a materials recovery facility (capacity: 14 tons/5 hours) that crushes and processes incombustibles. MHIEC aims to create a facility that contributes to the reduction of greenhouse gases through the recovery and effective use of energy, the realization of carbon neutrality and a decarbonized society by 2050, along with the formation of a recycling-oriented society. Read More
Toyota Times News live broadcast updates on the leadership change.
The new management team that will take over in April has adopted a central theme of inheritance, building on the product-centered and region-centered management foundation established by President Akio Toyoda, and evolution into a mobility company focused on the development of electric vehicles (BEVs).
Toyota’s priority business areas will be strengthening Woven initiatives, achieving carbon neutrality in Asia, and business reform starting with next-generation BEVs. Incoming President Sato vowed to manage “as a team,” guided by the concepts of putting the right person in the right place and emphasizing roles over titles. Read More
U.S. Rig Count is up 2 from last week to 761 with oil rigs up 10 to 609, gas rigs down 8 to 150 and miscellaneous rigs unchanged at 2.
Canada Rig Count is up 1 from last week to 250, with oil rigs up 2 to 161, gas rigs down 1 to 89.
| Region | Period | Rig Count | Change from Prior |
| U.S.A | 10 February 2023 | 761 | +2 |
| Canada | 10 February 2023 | 250 | +1 |
| International | January 2023 | 901 | +1 |
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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