Energy/Automotive News; Brent $69.33/bbl, WTI Crude $73.08/bbl,Gas $3.00/MMBtu
London, December 04, 2024 (Oilandgaspress) –- U.S. crude oil inventory rose 1.2 million barrels last week, market sources said, citing data from the American Petroleum Institute. Investors continue to monitor tension in the Middle East
During the period from 25 to 29 November 2024, Eni acquired on the Euronext Milan no. 4,620,500 shares (equal to 0.14% of the share capital), at a weighted average price per share equal to 13.5273 euro, for a total consideration of 62,503,021.36 euro within the second tranche of the treasury shares program approved by the Shareholders’ Meeting on 15 May 2024, previously subject to disclosure pursuant to art. 144-bis of Consob Regulation 11971/1999, for the purpose of paying to the Shareholders an additional remuneration compared to the distribution of dividends. Read More
(Reuters) -EDF will extend the life of four of its British nuclear plants and invest 1.3 billion pounds ($1.64 billion) in its British fleet over 2025-2027, it said on Wednesday, in a boost for the country’s energy security and efforts to meet its climate targets. Read More
The number of petrol cars on Britain’s roads has peaked and will nearly halve over the next decade amid tough electric vehicle (EV) targets and rationing by manufacturers, according to a new report.
On Wednesday, online marketplace Auto Trader said there were 18.7m petrol cars in use today but predicted this would now steadily fall to 11.1m by 2034. Read More
Jens Økland has been appointed as acting Executive Vice President for Renewables (REN) in Equinor with immediate effect. Current EVP, Pål Eitrheim, has accepted a new leadership position outside the company.
Økland has more than 30 years of experience in Equinor, most recently as Vice President for Strategy and Commercial Solutions in Renewables. From 2015 to 2018, he served as Executive Vice President for the Marketing, Midstream & Processing (MMP) business area. Read More
Siemens and Tietoevry, a leading Nordic digital engineering and software company, have teamed up to accelerate the digital transformation of the power utilities sector in Northern and Central Europe. Using Siemens’ Gridscale X software platform in conjunction with their own IT services, Tietoevry will be adding new capabilities to their solutions to support grid operators in the Nordics to effectively manage their grids and address challenges related to the energy transition. Tietoevry supports its customers in the energy domain with next-generation energy industry solutions to digitalize the value chain, improve customer experience, enhance business performance, improve usability and productivity, and empower customers. By working with Siemens, Tietoevry can provide a wider range of IT services to grid operators in the Nordics, supporting the integration of renewable energy sources, and increase of grid capacity, while maintaining a resilient and future-proof infrastructure. Read More
Beginning in the summer of 2026, three Mireo Plus B battery trains will bring emission-free mobility of the future for the operator Regiobahn on its RE 47 route over a period of 5.5 years. On this route, the trains will pass over Germany’s highest railway bridge. The battery trains will be made available to Regiobahn by Smart Train Lease in record time and will replace outdated diesel trains. This switch will save over 2,500 tons of CO2 per year, making a significant contribution to combating climate change. The two-car battery-powered trains have a range of up to 120 kilometers and can reach a top speed of 140 km/h in both overhead line and battery operation. They offer a total of 122 seats, spacious multi-purpose areas, modern passenger information systems, and a separate first-class section with eight seats. Passenger comfort and convenience is enhanced by WLAN service, barrier-free boarding, and very quiet operation. A well-thought-out design with a wide connection between the cars ensures a high subjective feeling of safety for passengers. Numerous sockets and USB charging ports enable passengers to keep their devices fully charged during the journey. The trains feature a special high-frequency window glass solution developed by Siemens Mobility that significantly improves mobile phone reception in trains. The trains will be serviced by Siemens in Dortmund. Read More
Siemens and Eplan will make engineering and production processes for customers in machine and line building more efficient. This will be achieved by both companies significantly expanding data interoperability between their offerings. The automated interaction between Siemens’ Teamcenter X® software, TIA Portal, Eplan Electric P8 and Eplan Pro Panel makes engineering information available right on Eplan and vice-versa. Customers will benefit from a more efficient tool chain for machine and line engineering, making electrical engineering much faster and less prone to errors.
Accelerating the digital transformation with Siemens Xcelerator
This collaboration expands Siemens’ and Eplan’s partner ecosystems. The Siemens Xcelerator open digital business platform creates a powerful ecosystem of partners that’s accelerating the digital and sustainable transformation of industry. Eplan customers are benefiting from the extended collaboration via the Eplan Partner Network.The collaboration between the two companies was agreed on by Cedrik Neike and Prof. Dr. Friedhelm Loh, owner and chairman of Friedhelm Loh Group, at the SPS trade show (Eplan is part of the Friedhelm Loh Group). The improved offerings will become successively available to customers beginning next year. Read More
Researchers have long warned about the harmful effects of lead in paint, pipes and other products. But another once-widespread source − leaded gasoline − might’ve harmed the mental health of a generation. Gen X bears an extra burden of conditions such as depression, anxiety, ADHD and neurotic behavior because of the leaded gasoline they were exposed to as children, according to a study published Wednesday in the peer-reviewed Journal of Child Psychology and Psychiatry. Leaded gas was banned in the United States in 1996, but the study said years of exposure during development made them particularly vulnerable. Lead gas peaked from the mid-1960s through the mid-1970s, and children born during that era would later develop some of the highest rates of mental health symptoms, the study said.
The study also linked leaded gas to “disadvantageous” traits, such as struggling to concentrate, stay on task or organizing thoughts. Read more
A new study calculates that exposure to car exhaust from leaded gas during childhood altered the balance of mental health in the U.S. population, making generations of Americans more depressed, anxious and inattentive or hyperactive.
The paper “Contribution of Childhood Lead Exposure to Psychopathology in the U.S. Population over the Past 75 Years,” appears in the Journal of Child Psychology and Psychiatry.
The research estimates that 151 million cases of psychiatric disorder over the past 75 years have resulted from American children’s exposure to lead.
The findings, from Aaron Reuben, a postdoctoral scholar in neuropsychology at Duke University, and colleagues at Florida State University, suggest that Americans born before 1996 experienced significantly higher rates of mental health problems as a result of lead, and likely experienced changes to their personalities that would have made them less successful and resilient in life. Leaded gas for cars was banned in the U.S. in 1996, but the researchers say that anyone born before then, and especially during the peak of its use in the 1960s and 1970s, had concerningly high lead exposures as children.
Lead is neurotoxic and can erode brain cells and alter brain function after it enters the body. As such, there is no safe level of exposure at any point in life, health experts say. Young children are especially vulnerable to lead’s ability to impair brain development and alter brain health. Unfortunately, no matter what age, our brains are ill-equipped for keeping lead toxicity at bay. Read More
INPEX announces that it has acquired its treasury stock based on the provisions of Article 156 of the Companies Act, applicable under the provisions of Article 165, Paragraph 3 of the same Act. Details are as follows.INPEX also announces that the repurchase of its treasury stock in accordance with the resolution by the Board of Directors held on August 8, 2024 has been completed. Read More
The Vauxhall Movano HYDROGEN has been named Editor’s Choice at the 2025 What Van? Awards, recognising its innovative hydrogen technology and practical benefits for businesses across the UK.
The What Van? Awards celebrate the very best in the light commercial vehicle industry, with the Editor’s Choice accolade reserved for standout vehicles that push boundaries and set new benchmarks. Designed to meet the needs of fleet operators and businesses, the Movano HYDROGEN provides an uncompromising blend of practicality, efficiency, and sustainability.
The Movano HYDROGEN is the latest addition to the Vauxhall electric and hydrogen vehicle line-up, offering a zero-emissions-in-use solution with a range of up to 311 miles (WLTP) and a refuelling time of just five minutes for the 7kg hydrogen fuel tanks. The electric motor produces 110kW (150hp) and maximum torque of 410Nm, while an 11kWh lithium-ion battery provides support when starting or accelerating. The system also enables braking energy to be stored and fed into the battery as electricity via the electric motor working as a generator. Read More
INPEX announced that it has executed an agreement with Seascape Energy Asia plc (Seascape) to acquire 100 percent of the shares in Longboat Energy (2A) Limited, a subsidiary of Seascape that will own a 42.5 percent participating interest in the Block 2A (hereinafter “block”) Production Sharing Contract off the coast of Sarawak, Malaysia. INPEX will assume operatorship of the block where it will engage in hydrocarbon exploration activities alongside partners Topaz Number One Limited (Topaz), a wholly owned subsidiary of Seascape, PETRONAS Carigali Sdn. Bhd. (PCSB) and Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP). The completion of the acquisition is subject to the fulfillment of certain conditions, including approval by PETRONAS, through Malaysia Petroleum Management (MPM). The block is located off the coast of Sarawak, Malaysia and covers a surface area of approximately 12,035 square kilometers, in water depths ranging between approximately 180 and 1,390 meters. Read More
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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