Energy/Automotive News Nov. 27, 2023| WTI Crude @ $74.96/bbl, Brent @ $80.05/bbl
London, 27 November, 2023, (Oilandgaspress): – A new report from Greenpeace East Asia outlines risks in the accreditation and sale of carbon offset credits as China emerges as a major marketplace for the sale of credits themselves and for related products like “carbon neutral liquid natural gas” (LNG) among oil and gas companies, including Shell, BP, TotalEnergies, PetroChina, and China National Offshore Oil Corporation (CNOOC).
Oil and gas companies’ increased marketing of carbon offsets comes at a time when these companies are either walking back previous climate commitments or remain wholly uncommitted to take action on climate. Shell, BP, and TotalEnergies have all recently reneged on previous climate commitments. PetroChina and Sinopec, meanwhile, have not made any short-, medium-, or long-term climate commitments in line with the Paris Agreement, despite Beijing’s dual carbon commitments.
The world’s biggest carbon credit issuer Verra faced several major scandals just this year, including with Shell in China. Meanwhile, Shell has abandoned its $100 million-a-year plan to develop carbon offsets.
In the eleventh episode of the “Future Dimensions” feature podcast, Mercedes-Benz addresses the question of how and where we will obtain new, clean energy in the future and how our relationship to energy is also undergoing massive change.
That’s why for this last episode of Future Dimensions, host Ricardia talks to experts who paint a big energy picture. We learn about some of the most exciting new technologies, like using the power of ocean waves. We also drill deep into how to create energy with something as simple as friction with sustainability expert Marlen Voigt. Second guest Roberto Bocca shares the World Economic Forum’s ideas on what each and every human can and will do to create enough clean energy in the future, while still preserving the health of the planet.
The English-language episodes of “Future Dimensions” are available on Spotify, Apple Podcasts and Deezer, as well as on the Mercedes-Benz Media communication platform. In a dedicated podcast special, Mercedes-Benz also provides in-depth content on the topics of all previously published episodes Read full article
Porsche Panamera Turbo Sonderwunsch débuts in Shanghai
The third generation of the Panamera is presented in a unique form. Alongside this completely redeveloped model, Porsche is unveiling a specially created one-off car in Shanghai. The Panamera Turbo Sonderwunsch shows the attention to detail with which Porsche Exclusive Manufaktur implements the Sonderwunsch programme. This highly exclusive, unique car visualises how a totally personal dream sports car could look for a Sonderwunsch customer. Read full article
2023 Automotive News All-Stars Awards
Hyundai Motor Group (the Group) Executive Chair Euisun Chung was announced today as the winner of the Industry Leader category in the 2023 Automotive News All-Stars awards. For 40 years Automotive News All-Stars has honored visionary figures in the mobility industry who have demonstrated an exceptional contribution to progress and shaping change, with Executive Chair Chung voted this year’s recipient of the Industry Leader title. An All-Stars Industry Leader must have exhibited operational excellence in their respective area, with the winner having shown significant impact on the industry. The Industry Leader field recognizes individuals at the highest level of their organizations, honoring the top-most executive who has shown extraordinary leadership. Read full article
BMW M Team WRT kicks off 2024 season with the BMW M Hybrid V8 and the BMW M4 GT3 – First drivers confirmed.
The debut season for BMW M Motorsport in the FIA World Endurance Championship (FIA WEC) is on the horizon. The release of the official entry list confirms the participation of BMW M Team WRT in both the Hypercar and LMGT3 classes. The Belgian team will field two BMW M Hybrid V8s and two BMW M4 GT3 cars. The nine-time motorcycle world champion will take on a new challenge in the BMW M4 GT3 with his iconic number 46. Already last season, he made his debut on the legendary Le Mans circuit (FRA) during the “Road to Le Mans” races and immediately won one of the two races. The two BMW M Team WRT BMW M Hybrid V8 cars will carry the numbers 15 and 20, while the second BMW M4 GT3 will have the number 31. Read full article
Smart maintenance using artificial intelligence
Predictive maintenance at BMW Group Plant Regensburg
Preventing unplanned stoppages before they can occur is the aim of the smart analysis system being used in assembly at BMW Group Plant Regensburg. Predictive maintenance is proactive and preventive – and this is precisely what the smart monitoring system offers. Data-driven analyses of conveying equipment allows potential faults to be identified early and avoided – thereby maintaining optimal vehicle production flow. The artificial intelligence (AI)-supported system avoids an average of around 500 minutes of disruption per year in vehicle assembly at the Regensburg plant alone.
Data analysis for faster, preventive response to potential disruptions
For assembly at BMW Group Plant Regensburg, vehicles are generally attached to mobile load carriers or skid systems, which pass through the production halls in a chain. Any technical fault in the state-of-the-art conveyor systems can bring assembly lines to a standstill – requiring more maintenance effort and thus resulting in higher costs. To prevent this from happening, the innovation team at BMW Group Plant Regensburg has developed a system that can identify potential technical defects early – and thus avoid any lost production. The conveyor elements affected can be removed from the assembly line and repaired, away from production. The advantage is that the monitoring system does not require any additional sensors or hardware, but evaluates existing data from installed components and conveyor element control. An alarm sounds if anomalies are found. Read full article
Car Of The Year 2024: The new PEUGEOT E-3008
On 27 November 2023, the 59 members of the European Car of the Year (COTY) jury, representing 22 countries across the continent, chose the new PEUGEOT E-3008 from 28 shortlisted models to join the final seven contenders for the top prize. This is the 7th time in the last 10 years that a PEUGEOT model has been selected as a finalist. PEUGEOT has transformed the 3008, taking it to a whole new level in terms of design, driving pleasure, and adding class-leading electric performance to create the new E-3008:
ALLURE of a fastback SUV with a reinvented and efficient design.
EMOTION elicited by the new Panoramic i-Cockpit® which takes driving pleasure to a whole new level.
EXCELLENCE combining performance and an all-electric range of up to 700 km, thanks to the new STLA-Medium platform from Stellantis.
There are no categories, subdivisions or classes. There can only be one Car Of The Year winner, and the winner of the 2024 edition will be announced on the 26th of February in Geneva (Switzerland).
With the new E-3008, PEUGEOT has joined the exclusive list of finalists for the European Car of the Year award for the 7th time since 2013. The new 408 was chosen at the end of 2022, the 308 at the end of 2021, the 208 at the end of 2019 (winner in 2020), the 508 (Hatchback and SW) at the end of 2018, the 3008 at the end of 2016 (winner in 2017) and the previous generation 308 (Hatchback and SW) at the end of 2013 (winner in 2014). Read full article
Vegan Interior Trims from Opel
Emotional, electric, efficient, sustainable – these are key characteristics of Opel’s approach to individual mobility of the future. The German carmaker already offers 15 electrified models. Next year, the brand with the Blitz will offer at least one electrified variant of each carline. And from 2025, all newly launched Opel models will be available purely as battery-electric vehicles. The push towards electromobility is one cornerstone of Opel’s ambition of providing sustainable mobility – another is increasing its vegan offer to include vehicles from all segments.
Vegans have more to choose from than just the food they eat or the clothes they wear. They can also choose to drive “vegan” vehicles from Opel, whose product portfolio is full of passenger cars and light commercial vehicles with interior trims that are made of vegan materials. In addition to being free of animal products, the synthetic leathers and vegan materials also meet the same high standards for appearance and haptic quality as conventional trims. All the interior trims offered in various current Opel battery-electric vehicles are exclusively vegan. These include the new Opel Corsa Electric, which recently celebrated its dealership debut, the Opel Astra Sports Tourer Electric, which made its world premiere at the IAA Mobility in Munich in September, the Opel Astra Electric and the Opel Rocks Electric quadricycle. Read More
Panda 4×4 is turning 40. The perfect embodiment of Italian style and a genuine icon, the legendary FIAT model combined the comfort of a city car designed for families with extraordinary performance on the toughest terrains.
The Stellantis Heritage team is marking the occasion with two gifts: an evocative video clip (link) taking a look back at some of its most exciting adventures around the world and the restoration of a Trekking version of a 2001 Panda 4×4—a low-mileage model which acted as a company vehicle at the Mirafiori factory in Turin for its entire life.
Restored to its original splendor, the vehicle has been put up for sale and made its debut at the recent Auto e Moto d’Epoca in Bologna, arousing curiosity and praise for the conservation work carried out by the Heritage team. Read More
The Nigerian National Petroleum Company (NNPC) Limited and the Group Chief Executive Officer (GCEO), Malam Mele Kyari, have won the 2023 Nigeria GovTech Awards for exceptional service delivery in the public sector.
While the National Oil Company won the Best Federal MDA in Digital Initiatives in Reengineering Government Processes Award, the GCEO carted home the Distinguished GovTech Trailblazer Award.
The awards were in recognition of the GCEO leadership’s proactive steps in activating the Business Continuity Plan (BCP) that is hinged on digital automation of the company’s processes.
The single, sure-footed act of automation, emplaced to, among others, mitigate the effects of COVID-19, has brought about efficiency, high performance, and sustenance of the NNPC Ltd’s operations post-pandemic, for which the GCEO is now referred to as “Mr. Automation” in the industry.
Significantly, the GCEO, through the NNPC IT Division, automated Key Performance Indicator Dashboard across the entire IT Enterprise and Architecture, thereby improving reporting efficiency real-time performance tracking. Kyari also activated Microsoft Enterprise Additional Licenses for NNPC Digital Transformation initiatives, leading to an estimated cost-saving of over $1 million to the Company. Read More
| Oil and Gas Blends | Units | Oil Price US$/bbl | Change |
| Crude Oil (WTI) | USD/bbl | $75.17 | Down |
| Crude Oil (Brent) | USD/bbl | $80.22 | Down |
| Bonny Light | USD/bbl | $81.63 | Up |
| Saharan Blend | USD/bbl | $81.46 | Down |
| Natural Gas | USD/MMBtu | $2.76 | Down |
| OPEC basket 24/11/23 | USD/bbl | $84.16 | Up |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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