Energy / Automotive News Roundup; Rig Count: U.S. -3 to 621 Canada -18 to 151
London, 01 April 2024, (Oilandgaspress):- Xiaomi’s electric vehicles is turning out to be a major successas it struggles to keep up with demand. The overwhelming early orders pushed delivery wait times to between three and seven months—that’s mid-October for the high-end SU7 Max. according to various media reports.The company’s EV division is still in its infancy, and scaling up production for such a complex product takes time. The standard model starts at a very reasonable RMB 215,900 (around £24,200). Deliveries for the standard SU7 model, priced at 215,900 yuan ($29,870), may take 18-21 weeks, according to checks by Reuters on Xiaomi’s car app.The SU7, whose design has drawn comparisons with Porsche’s Taycan and Panamera sports car models The Xiaomi SU7 reportedly sold out for 2024 within 24 hours
(Reuters) – The ranks of would-be Tesla buyers in the United States are shrinking, according to a survey by market intelligence firm Caliber, which attributed the drop in part to CEO Elon Musk’s polarizing persona. While Tesla continued to post strong sales growth last year, helped by aggressive price cuts, the electric-vehicle maker is expected to report weak quarterly sales as early as Tuesday. Caliber’s “consideration score” for Tesla, provided exclusively to Reuters, fell to 31% in February, less than half its high of 70% in November 2021 when it started tracking consumer interest in the brand. Tesla’s consideration score fell 8 percentage points from January alone even as Caliber’s scores for Mercedes, BMW and Audi, which produce gas as well as EV models, inched up during that same period, reaching 44-47%. according to media reports
Vestas has secured a 77 MW order with GS E&R for the YD1 Wind Farm in Gyeongsang-do, South Korea. The order includes supply and supervision of installation of 18 of V136-4.2 MW wind turbines delivered in 4.3 MW operating mode.
“We would like to thank GS E&R for their trust in our proven solutions and we are pleased to partner with them on the YD1 project. We remain committed to contribute to the decarbonisation target of South Korea as well as the whole Asia Pacific region, through our industry-leading wind energy solutions and strong partnership with our customers.” said Purvin Patel, Vestas Asia Pacific President.
Delivery of the turbines will begin in first quarter of 2025, with commissioning scheduled for 2026.
Vestas has been active in South Korea since the first V47-660 kW installed in 2001. Since then, Vestas has installed more than 600 MW and has more than 500 MW under service. The addition of YD1 project will further bolster our presence and expedite our contributions to the country’s climate initiatives. Read More
Vestas has received an order from Eolus for projects Fågelås, Boarp and Dållebo projects in Sweden. The projects consist of seven V162-6.2 MW delivered in power mode 6.4 MW, four V162-6.2 MW and four V150-4.5 MW wind turbines respectively and include supply, delivery, and commissioning of the turbines.
Upon completion, Vestas will service the turbines under a long-term Active Output Management 5000 (AOM 5000) service agreement designed to ensure optimised performance of the assets. “This order underlines our long-standing relationship with Eolus and the collaboration throughout many years,” states Anna Schlasberg Wachtmeister, Vice President Sales for Northern and Central Europe at Vestas. “We would like to thank Eolus for the confidence they have shown in Vestas’ products and services.” “It is a pleasure to once again have the opportunity to partner with Vestas and together contribute to the renewable energy buildout in Sweden. We look forward to our collaboration and to start construction on the projects immediately,” says Per Witalisson, CEO of Eolus. Turbine delivery is expected to begin in the first quarter of 2025 with commissioning scheduled for completion in the fourth quarter of 2025. Read More
Vestas has received a 554 MW order to power an undisclosed wind project in the USA. The order consists of 123 V163-4.5 MW turbines, Vestas’ newest high capacity factor wind turbine. The orders include supply, delivery, and commissioning of the turbines, as well as a multi-year Active Output Management 5000 (AOM 5000) service agreement, designed to ensure optimised performance of the asset. Turbine delivery begins in the third quarter of 2026 with commissioning scheduled for the first quarter of 2027. Read More
Edison Rinnovabili has placed a 81 MW order for the repowering of the Roio del Sangro, Monteferrante Guado, Monteferrante Casone and Montazzoli wind parks, in Abruzzo, Italy. The contract includes the supply and installation of 18 V136-4.5 MW wind turbines, as well as a 10-year operation and maintenance service agreement.
“I’d like to thank Edison for the trust placed in Vestas for the repowering of their projects. We are really proud to see how the diversity of our portofolio continues to optimise our customer’s business cases in Italy”, says Vestas General Manager Italy, Francesco Amati.
Turbine delivery is expected for the second quarter of 2025 whilst commissioning is planed for the last quarter of the same year.
The order also reinforces Vestas’ leadership in the country’s wind energy sector, where it has installed over 5.2 GW since 1991. Read More
TotalEnergies releases its Universal Registration Document 2023
The Document d’enregistrement universel of TotalEnergies SE for the year 2023 was filed with the French Financial Markets Authority (Autorité des marchés financiers) on March 29, 2024. It can be consulted and downloaded from the Company’s website (totalenergies.com/investors/publications-and-regulated-information/regulated-information/annual-financial-reports). The English translation of the Document d’enregistrement universel (Universal Registration Document) is also available on the Company’s website under the same heading.
The following documents are included in the Document d’enregistrement universel:
the 2023 annual financial report,
the Board of Directors’ report on corporate governance required under Article L. 225-37 of the French Commercial Code,
the description of the share buy-back program,
the report on the payments made to governments required under Article L. 22-10-37 of the French Commercial Code,
the reports from the statutory auditors.
TotalEnergies SE’s Form 20-F for the year ended December 31, 2023 was filed with the United States Securities and Exchange Commission (SEC) on March 29, 2024. It can be consulted and downloaded from the Company’s website Read full article
To mark its 100th anniversary, TotalEnergies is announcing three initiatives for its customers in France and its employees around the world.
“A centenary is an unforgettable milestone in a company’s history, and it gives us an opportunity for exceptional initiatives: we are happy to involve both our customers and our employees in this celebration to thank them for their loyalty and commitment”, said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
For our electricity customers… In France, TotalEnergies is offering €100 to the first 100,000 new customers signing up to one of TotalEnergies’ classic electricity offers (fixed tariff deals excepted) after March 29. The eligible offers are “Heures Éco”, “Heures Eco+”, “Spéciale” and “Charge´Heures”. The €100 will be credited to the customer’s account after six months. …our service station customers…
TotalEnergies is offering €100 to the first 100,000 individual (non-business) customers with a Club TotalEnergies card who spend at least €1,000 on fuel in 2024, starting on March 29. The €100 will be credited to the Club card during the month following achievement of the €1,000. …and our employees across the world
TotalEnergies is planning to allocate 100 TotalEnergies shares to the 100 000 employees of the Company* worldwide. This is a first in the Company’s history, a quite exceptional allocation. This grant, subject to a presence condition of 5 years, will be submitted to the next meeting of the Board of Directors. Read full article
Hyundai Motor Group (the Group) has continued its incredible success at the World Car Awards, with the Kia EV9 named the 2024 World Car of the Year in a ceremony held at the New York International Auto Show. The EV9 was also named 2024 World Electric Vehicle, while the Hyundai IONIQ 5 N was crowned the 2024 World Performance Car, reinforcing the Group’s global EV leadership and the technological excellence of its EV-dedicated Electric Global Modular Platform (E-GMP).
These 2024 victories underscore Hyundai Motor Group’s success at the World Car Awards in recent years, with the IONIQ 5 and IONIQ 6 both taking triple titles in 2022 and 2023 respectively in the World Car of the Year, World Electric Vehicle and World Car Design of the Year categories.
In 2023, the Kia EV6 GT was also named World Performance Car, and in 2020 the Kia Telluride won the overall World Car of the Year title while the Kia Soul EV was crowned World Urban Car.
This year, the World Car Awards recognized the Kia EV9’s innovative design, spacious seven-seat interior, and competitive price point. Based on the E-GMP architecture, the EV9 is the first Kia to feature fourth-generation battery technology for improved performance.Hyundai Motor Group World Car Awards victories
2024
Kia EV9 – World Car of the Year, World Electric Vehicle
Hyundai IONIQ 5 N – World Performance Car
2023
Hyundai IONIQ 6 – World Car of the Year, World Electric Vehicle, World Car Design of the Year
Kia EV6 GT – World Performance Car
2022
Hyundai IONIQ 5 – World Car of the Year, World Electric Vehicle, World Car Design of the Year
2020
Kia Telluride – World Car of the Year
Kia Soul EV – World Urban Car Read full article
Subsea7 announced the award to Seaway7, part of the Subsea7 Group, of a sizeable¹ contract by PGE Polska Grupa Energetyczna and Ørsted for the transport and installation of the substations for the Baltica 2 wind farm, offshore Poland.
Seaway7’s scope includes the transport and installation of four substations. Offshore activity is scheduled to take place in 2026 utilising both our heavy lift and heavy transportation vessels.
Baltica 2 is a 50:50 joint venture between PGE Polska Grupa Energetyczna and Ørsted. The wind farm, with a capacity of around 1.5 GW, will be located in the Polish sector of the Baltic Sea around 40 kilometres from shore at its closest point.
Maria Eidesvik, VP for Europe and US at Seaway7 said: “This is our second contract award in the emerging Polish market and we are pleased to be taking a role in developing offshore wind in this key location. With this project we also look forward to continuing our long-standing relationship with Ørsted on our sixth offshore wind project together”. The contract is subject to financial close of the project, expected in 2024. Read full article
Just Stop Oil has entered into partnership with Gorilla Glue- the American adhesive manufacturer. Just Stop Oil has been taking action since 2022, demanding that both Labour and Tories commit to revoking all oil, gas and coal licences granted since 2021 and formulate a plan for ending fossil fuel use by 2030. [1]
The announcement comes as Just Stop Oil supporters are gearing up for their summer campaign, which will involve taking action at airports. Supporters of Just Stop Oil have also recently been disrupting both Labour and Tory politicians, demanding an end to oil and gas.
Speaking about the deal, Mark Mercurio, President and Chief Executive Officer of Gorilla Glue, said:
“As an eco-conscious brand, we are extremely excited to announce this new partnership with Just Stop Oil. Our team is always looking for innovative ways to demonstrate the efficacy of our products, and we feel the opportunity to display Gorilla Glue’s robust adhesive range to the public in the context of Just Stop Oil’s disruptive actions, is simply a match made in heaven. From glueing to roads or government departments, our incredibly strong range of polyurethane epoxies will keep environmental defenders in place for longer.”
A Just Stop Oil spokesperson said:
“We are very excited to announce our new partnership with Gorilla Glue, who will be providing all adhesives used by the campaign going forward. Funding civil-resistance projects is always a challenge- being dependent primarily on small donations from the public, however we feel expanding our scope to incorporate support from select corporate sponsors will ensure the longevity of the campaign and enable us to keep pushing for an end to the oil and gas that is harming our communities.
We see a strong unity of vision between Just Stop Oil and Gorilla Glue, both possessing a passion for effective adhesion as well as the colour orange. All Just Stop Oil banners will now feature Gorilla Glue’s logo and pending the success of this partnership, Just Stop Oil is investigating the possibility of other sponsorship deals, including with Dulux who have approached Just Stop Oil with a view to launching a signature emulsion.” Read full article
Africa Oil Corp. announced that the Company repurchased a total of 914,300 Africa Oil common shares during the period of March 25, 2024 to March 28, 2024 under the previously announced share buyback program. The Company also reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act.
The launch of Africa Oil’s normal course issuer bid (share buyback) program, announced by the Company on December 4, 2023, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 (Safe Harbour Regulation) and the applicable rules and policies of the Toronto Stock Exchange (“TSX”), Nasdaq Stockholm, and applicable Canadian and Swedish securities laws.
During the period dated March 25, 2024 to March 28, 2024, the Company repurchased 336,800 Africa Oil common shares on the TSX and/or alternative Canadian trading systems. The repurchases were carried out by Scotia Capital Inc. on behalf of the Company. During the same period, the Company repurchased 577,500 Africa Oil common shares on Nasdaq Stockholm, and these repurchases were carried out by Pareto Securities on behalf of the Company. Read full article
NIO delivered 30,053 vehicles in the three months ended March 2024
NIO Inc., a pioneer and a leading company in the premium smart electric vehicle market, announced its March and first quarter 2024 delivery results.
NIO delivered 11,866 vehicles in March 2024, increasing by 14.3% year-over-year. The deliveries consisted of 6,737 premium smart electric SUVs, and 5,129 premium smart electric sedans. NIO delivered 30,053 vehicles in the first quarter of 2024. Cumulative deliveries of NIO vehicles reached 479,647 as of March 31, 2024.
Beginning in March 2024, NIO started deliveries of its 2024 ES8, ES6, EC7, EC6 and ET5T. The 2024 models feature enhanced configuration and performance, highlighted by the upgraded Center Computing Cluster, which further boosts our computing power and product competitiveness. The Company plans to start deliveries of the 2024 ES7, ET7 and ET5 soon in the second quarter of 2024. Read full article
Nissan Formula E Team continued its strong form as the ABB FIA Formula E World Championship visited the squad’s home country for the first time, with Oliver Rowland taking pole position and second place in the first ever Tokyo E-Prix.
Coming into the race off the back of consecutive podium finishes in Diriyah and São Paulo, both Rowland and the team were feeling confident ahead of the series’ Japanese debut.
The British driver backed up his recent performances by going quickest in Qualifying Group A, before setting the fastest time in all three stages of the Duels to clinch his second Julius Baer Pole Position of the season. Having held the lead for the majority of the race, Rowland dropped to second in an effort to save energy, attacking for the win in the final laps. Despite getting alongside the leader, he was unable to re-claim the position, having to settle for second.
Meanwhile, after a frustrating qualifying, Sacha Fenestraz put in a strong recovery drive to go from 20th on the grid to just outside the points, finishing 11th. The Franco-Argentine racer made some excellent overtakes, and avoided any incidents to move through the field.
The result sees Rowland jump up to third in the Drivers’ Championship, with the squad now fourth in the Teams’ standings.. Read More
Hyundai Motor Company today unveiled the IONIQ 5 N eN1 Cup car at the official practice round for participating teams in the upcoming Hyundai N Festival motorsports event. This unique electric racing car is based on the award-winning IONIQ 5 N high-performance electric vehicle (EV) and signals the start of a new era in sustainable racing. “We are incredibly proud to unveil the IONIQ 5 N eN1 Cup car, demonstrating our commitment to sustainable racing,” said Till Wartenberg, Vice President and Head of N Brand & Motorsport. “This unique electric racing car demonstrates our cutting-edge technology and passion for pushing the boundaries of what EVs can achieve on the racetrack.” The IONIQ 5 N eN1 Cup car utilizes the same power electronics (PE) system as the production IONIQ 5 N, which boasts a stronger powertrain and higher battery capacity than the IONIQ 5 base model. The IONIQ 5 N is the N brand’s first high-performance EV with powerful acceleration and high-power output of up to 650 PS and high durability for intensive circuit driving. It combines the cutting-edge technology of Hyundai Motor’s Electric Global Modular Platform (E-GMP), robust battery thermal management system and strong regenerative braking system. Like the existing Avante (Elantra) N1 class, the IONIQ 5 N eN1 Cup car is a top-class racing car for professional drivers competing in the N1 class, with enhanced circuit performance using slick tires. The new eN1 class, to be introduced this year, will operate under open regulations so that teams can compete with various tire products without being restricted to a single manufacturer. The IONIQ 5 N eN1 Cup car also features a redesigned body kit. It has low and wide-style over-fenders, wider wheel trajectories for improved handling, increased downforce from front lips and rear wings, and improved aerodynamic performance. It is also lighter as unnecessary components were removed to reduce the basic weight of the race car, and forged wheels, FRP hood and polycarbonate windows were applied. Spectators will be able to enjoy the exciting sounds delivered by NGB overboost, virtual shift (N e-Shift), and differentiated and amplified NAS+ (N Active Sound), with each race team being able to develop their own unique sounds. Read More
Hyundai Motor Company has released a campaign film showing the all-electric, self-driving IONIQ 5 robotaxi successfully completing a process similar to a U.S. driver’s license test. Created to convey the safety and trustworthiness of the IONIQ 5 robotaxi’s autonomous technology, the video features the IONIQ 5 robotaxi completing a series of public-level driving tests, including road driving in Las Vegas, U.S., demonstrating outstanding performance. This achievement underscores the IONIQ 5 robotaxi’s reliability as well as the inclusivity of its autonomous vehicle technology, highlighting its potential to safely provide freedom of mobility to all.
The film starts with an interview with Pearl Outlaw, a visually impaired American woman, and her mother, Ruth. Pearl faces mobility limitations due to her condition, called Retinitis Pigmentosa, which hinders her from obtaining a driver’s license — an essential symbol of independence and freedom for many people.
Pearl’s story highlights everyday mobility challenges for the physically impaired, emphasizing the significance of autonomous driving technology in providing independence. The IONIQ 5 robotaxi promises to fulfill her dream of independent mobility while offering the freedom to explore without reliance on others. In the driving test, conducted by the highly experienced professional examiner, the IONIQ 5 robotaxi excelled, impressing with its speed control, lane changes and maneuvering, its ability to accurately stop at a stop sign, perform left turns, and its reaction time to developing hazards.
Captured in the video, the IONIQ 5 robotaxi effortlessly navigated the Las Vegas Strip, as well as the city’s suburban areas.
The IONIQ 5 robotaxi is the embodiment of transformative technologies in mobility coming together in one vehicle. It signifies the extensive collaboration between Hyundai Motor Group and autonomous driving technology developer Motional, spanning years of development and rigorous testing of advanced automotive platforms and self-driving technology. The IONIQ 5 robotaxi achieves consistent driving performance in various driving environments thanks to its suite of advanced sensors, combining LiDAR, radar and cameras. Read More
Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, April 26, 2024, at 11:00 a.m. ET (8:00 a.m. PT).
Conference Call Information:
Date: Friday, April 26, 2024
Time: 11:00 a.m. ET / 8:00 a.m. PT
Dial-in # (Listen-only mode): 800-401-3551
Conference ID #: 4513820
Speakers:
Mike Wirth – Chairman of the Board and Chief Executive Officer
Eimear Bonner – Vice President and Chief Financial Officer
Jake Spiering – General Manager, Investor Relations Read More
Baker Hughes Rig Count: : U.S. -3 to 621 Canada -18 to 151
U.S. Rig Count is down 3 from last week to 621 with oil rigs down 3 to 506, gas rigs unchanged at 112 and miscellaneous rigs unchanged at 3.
Canada Rig Count is down 18 from last week to 151, with oil rigs down 16 to 75, and gas rigs down 2 to 76.
International Rig Count is down 7 rigs from last month to 958 with land rigs down 5 to 735, offshore rigs down 2 to 223.
The Worldwide Rig Count for February was 1,813, up 30 from the 1,784 counted in January 2024, and down 108, from the 1,921 counted in February 2023.
| Region | Period | Rig Count | Change |
| U.S.A | 28 March 2024 | 621 | -3 |
| Canada | 28 March 2024 | 151 | -18 |
| International | February 2024 | 958. | – 7 |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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