Energy/Automotive News| WTI Crude $77.99/bbl, Brent $83.49/bbl, Opec $83.00/bbl
London, 29 January 2024, (Oilandgaspress): – Oil prices up. Crude oil prices started the week higher following a drone attack in Jordan that killed three U.S. military servicemen.Ongoing conflict in the Middle East continues to have an adverse effect on oil price stability.
Shipergy, announced a major recruitment initiative aimed at significantly expanding its global footprint. Following the successful establishment of operations in Dubai, London, and Athens, Shipergy is now seeking to bolster its teams in these key locations and establish a new regional hub in Singapore.
Expanding Teams in Key Locations
As part of our 2024 vision, we are actively looking for talented bunker traders to join our dynamic teams in Dubai, London, and Athens. Shipergy is dedicated to revolutionizing the marine fuel trading industry through innovative technology and unmatched service quality. The new recruits will play a crucial role in furthering our mission and enhancing our operational capacity in these strategic markets.
Singapore: A New Regional Frontier
In line with our expansion strategy, Shipergy is also setting sights on Singapore, one of the world’s busiest maritime hubs. We are seeking a seasoned bunker trader/ regional lead to establish and grow our presence in this vital market. This pivotal role will not only involve trading activities but also spearheading our regional operations, playing a critical role in our global growth story.
A Drive Towards a Tech-Driven Future At Shipergy, we are passionate about pushing the boundaries of traditional marine fuel trading by integrating cutting-edge technology solutions. Our recruitment drive is geared towards attracting professionals who share our vision of delivering superior tech and trading solutions to shipping clients and suppliers worldwide. Read full article
During the period from 15 to 19 January 2024, Eni acquired on the Euronext Milan no. 2,263,910 shares (equal to 0.07% of the share capital), at a weighted average price per share equal to 14.8045 euro, for a total consideration of 33,516,010.67 euro within the second tranche of the treasury shares program approved by the Shareholders’ Meeting on 10 May 2023, previously subject to disclosure pursuant to art. 144-bis of Consob Regulation 11971/1999.
On the basis of the information provided by the intermediary appointed to make the purchases, here below a synthesis of transactions for the purchase of treasury shares on the Euronext Milan on a daily basis: Read full article
Daihatsu Motor Co., Ltd. notified the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) of a recall of PIXIS JOY vehicle models sold by Toyota Motor Corporation (Toyota). Previously, Daihatsu had reported to MLIT that there was a possibility of non-compliance with standards, as a result of that investigation, Daihatsu determined that a recall is necessary and has notified MLIT. Status of Defect
The power door lock on the driver’s side door may activate during a collision due to insufficient verification of the door lock operation in the event of a side collision. As a result, all doors may become locked during a collision, requiring additional time to rescue occupants. Read full article
Woodside announces changes to the membership of its Board of Directors, as part of its continuous review of Board skills and composition. These changes are intended to enhance Woodside’s Board and Committees so that they are best placed to support Woodside’s global operations and strategic growth opportunities through the energy transition. Appointment of Mr Ashok Belani The Woodside Board is pleased to announce the appointment of Mr Ashok Belani as a non-executive Director, effective 29 January 2024. Read full article
After 33 years of distinguished service, Mark Ross, President of Chevron Shipping Company, has elected to retire effective May 1, 2024. Barbara Pickering, currently Vice President of Operations, Chevron Shipping Company, will succeed Mark as President. Mark has led Chevron Shipping Company since 2015. Prior to that, he served as Vice President of Operations of the company for four years. He joined Chevron in 1990 and has held positions of increasing responsibility in Chevron’s Midstream, Upstream, and Downstream organizations. He is also a Director of the American Bureau of Shipping and the UK P&I Club and is a past Chairman of the Oil Companies International Marine Forum (OCIMF) and the Society of International Gas Tanker and Terminal Operators (SIGTTO).
Mark holds a bachelor’s degree in chemical engineering from the University of California at Berkeley, a master’s degree in chemical engineering from the University of Illinois at Urbana-Champaign, and a Master of Business Administration degree from the University of California at Berkeley.Barbara received a bachelor’s degree in Maritime Studies from Liverpool University in the United Kingdom and joined Chevron in 1991 as a ship charterer in London. She has held positions of increasing responsibility with Chevron in the UK, Australia, and the United States. She also currently serves as a Vice Chairman of OCIMF. Read full article
Hyundai Motor America has been ranked first in customer loyalty in the automotive industry for the 15th consecutive year according to the Brand Keys Customer Loyalty Engagement Index (CLEI). Hyundai is also in the top 20 among all brands and has finished inside the top 20 every year since 2017, based on the Brand Keys Brand Loyalty Leaders survey. Hyundai is the only automotive company awarded a spot in the Top-20 in 2024.
“Hyundai is the sole automotive company in the Top-20 in the 2024 Brand Keys Brand Loyalty Leaders survey and that is the result of our commitment to providing customers exceptional experiences throughout their journey,” said Angela Zepeda, CMO of Hyundai Motor America.
“This year’s roster proves meeting or exceeding consumers’ expectations allows brands to transmute market-share and loyalty into category and market dominance. Those brands are ‘Loyalty Juggernauts’ – brands of such overwhelming economic force that their ability to meet expectations makes them far more powerful than universal awareness alone,” noted Robert Passikoff, Brand Keys founder and president. Read full article
Hyundai launches the all-new 2024 Santa Fe with a national campaign during professional football’s conference championship games on Jan. 28. The campaign titled “VIKINGS,” encourages viewers to conquer the weekend in the all-new Santa Fe. Transforming the ordinary into the extraordinary, Santa Fe elevates everyday experiences empowering drivers to embrace their Viking spirit and discover the joy of finding new adventures together. The campaign will air on broadcast and extend content on Hyundai’s social media channels.Hyundai will also showcase their Hybrid and XRT models in April of this year. The Santa Fe Hybrid touts a powerful marriage of capability and fuel efficiency, while the XRT features larger tires and a raised suspension to enhance your off-roading experience.
The new spots were directed by Oscar-nominated film and TV commercial directors Will Speck and Josh Gordon, well-known for their work on the GEICO Cavemen commercials. The social campaign was directed by Cannes-shortlisted up-and-comer Nicolas Gordon. The work was produced by the award-winning production company Furlined.
The Santa Fe marketing campaign was developed in collaboration with Hyundai’s agency of record, INNOCEAN USA, while its media agency, Canvas, coordinated the media buys. Read full article
HYVIA, the Auvergne-Rhône-Alpes Region and HYmpulsion have decided to join forces to initiate, encourage and accelerate the deployment of hydrogen mobility in the Region. As a hydrogen pioneer, the Auvergne-Rhône-Alpes Region has set up substantial subsidies to support the acquisition of hydrogen-powered commercial vehicles, particularly those offered by HYVIA.
Deployment of the Zero Emission Valley project, co-funded by the European Union and ADEME, with the following objectives: 14 distribution stations, 2 electrolysers, 400 commercial vehicles, 80 heavy-duty vehicles, including 50 retrofitted regional coaches.
Introduction of a call for expressions of interest and a regional call for projects to subsidise the purchase of light vehicles and commercial vehicles: subsidies for hydrogen commercial vehicles range from €23,800 to €37,400, depending on the size of the company.
For its part, HYmpulsion is deploying a dense network of more than 15 hydrogen stations in the Region and supports HYVIA in providing close support to its professional customers.
The first customer tests began in autumn 2023.
As part of a continuous improvement approach, the success of these tests has strengthened collaboration and confirmed the support of professional customers.
Thanks to this twofold collaboration, HYVIA is demonstrating its pioneering commitment and will now be able to deploy the first fleets in Auvergne-Rhône-Alpes, with the delivery of around fifty vehicles scheduled for 2024. Read More
KBR’s legacy of excellence with NASA continues with recent prestigious awards including 2023 Large Business Prime Contractor of the Year wins at both NASA Johnson Space Center (JSC) and NASA Goddard Space Flight Center (GSFC), marking a two-year winning streak for GSFC.
KBR, Inc. (PRNewsfoto/KBR, Inc.)
Every year, NASA’s Office of Small Business Programs celebrates outstanding mission contributions through its Small Business Industry Awards. These awards honor companies that effectively leverage small businesses and their unique capabilities to support NASA’s goals. KBR’s dual wins highlight its outstanding overall contract performance, impactful NASA outreach, smart small business utilization, and strong ethical practices. Nominated by satisfied customers, this achievement reflects KBR’s ongoing strategic efforts to empower its small business teammates.
Serving GSFC for more than six decades, KBR is one of the center’s largest contractors with three prime contracts, including the Ground Systems and Missions Operations (GSMO) III, as well as multiple subcontracts and joint ventures. Some pertinent on-site projects KBR supports include the recent ILLUMA-T launch and the upcoming PACE mission, which focus on space communications and Earth atmospheric research, respectively.
Similarly, KBR’s legacy at JSC dates back to 1962 and currently includes three major prime contracts, including the Human Health and Performance Contract (HHPC), Mission Systems Operations Contact (MSOC), Integrated Mission Operations Contract (IMOC) III, as well as several significant subcontractor roles. At JSC, KBR experts are embedded throughout the Artemis mission, including helping to develop NASA’s next-generation spacesuit, and can be found around-the-clock managing mission control posts.
“Growth isn’t a solo journey. At KBR, we know collaboration fuels innovation, and that includes fostering robust relationships with small businesses,” said Byron Bright, President of KBR Government Solutions U.S. “This award underscores our commitment to nurturing this ecosystem, where our combined expertise propels NASA’s missions forward together, leaving a lasting mark on the world stage.” Read More
Israel Natural Gas Lines Ltd., a government fully owned company by the State of Israel is mandated by law on for operation, construction, and development of the Israeli national high-pressure natural gas transmission system. The Company, in accordance with the Israeli Mandatory Tenders Law, 1992 and the Mandatory Tenders Regulation, 1993 hereby invites compatible bidders to participate in a public tender for the provision to the Company of Intelligent Pigging Inspection services for high-pressure natural gas transmission system (“Tender”).
The contract period is 5 years, which the Company may extend for an additional 2 years.
The scope of services, the threshold requirements for participating in the Tender and the Tender evaluation process are all detailed in the Tender documents which can be downloaded from the “Tenders” tab of Company’s website at www.ingl.co.il or by applying to receive the Tender documents via email: c-tender@ingl.co.il Read More
Volvo Trucks’ iconic FH truck range gets a new family member with the Volvo FH Aero. With aerodynamic design and innovative features, the FH Aero offers energy efficiency at a new level, available in four variants including biofuel and the award-winning electric version. With improved aerodynamics and new technologies such as Volvo’s new Camera Monitor System, the new FH Aero can cut up to 5 percent in energy consumption and emissions*.Selected as International Truck of the Year 2024, the Volvo FH Electric will also be offered in the new Aero version, an energy-efficient addition to Volvo’s already wide range of electric trucks. Further, the Volvo FH16 becomes the most powerful truck in the industry with an all-new efficient 780hp engine for the toughest assignments.
Regardless of which powertrain customers choose – electric, gas or diesel – all variants of the new FH Aero will benefit from lower energy consumption, longer range and a superior level of safety and driving experience.
The new Aero truck models will be rolled out step by step to markets during 2024-2025 in four versions – the FH Aero, FH Aero Electric, FH Aero gas-powered and FH16 Aero. Read More
Africa Oil Corp. announce that the Company repurchased a total of 1,227,900 Africa Oil common shares during the period of January 22, 2024 to January 26, 2024 under the previously announced share buyback program. 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 January 22, 2024 to January 26, 2024, the Company repurchased 437,900 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 790,000 Africa Oil common shares on Nasdaq Stockholm, and these repurchases were carried out by Pareto Securities on behalf of the Company.
All common shares repurchased by Africa Oil under the share buyback program will be cancelled. Since December 6, 2023, up to and including January 26, 2024, a total of 3,048,684 Africa Oil common shares have been repurchased under the share repurchase program through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems. A maximum of 38,654,702 Africa Oil common shares may be repurchased under the share buyback program through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems over the period of twelve months commencing December 6, 2023 and ending December 5, 2024, or until such earlier date as the share repurchase program is completed or terminated by the Company. Read More
Homeowners seeking to reduce their carbon footprint while enjoying energy savings can now take advantage of the combined benefits of Air source heat pumps, Solar PV, and battery systems. Let’s explore how this powerful trio can revolutionise your home and contribute to a greener future. Air source heat pumps operate on the principle of transferring heat rather than generating it, making them highly efficient and cost-effective in heating your home. By utilising freely available heat from the air, air source heat pumps can significantly reduce your reliance on traditional energy sources, resulting in substantial energy bill savings. They also produce lower carbon emissions compared to conventional heating systems, making them a sustainable choice that helps combat climate change. Additionally, air source heat pumps could provide cooling during hot summer months with the right setup, offering a versatile solution for maintaining a comfortable indoor environment throughout the year.
Solar PV systems convert sunlight into electricity without producing greenhouse gas emissions or relying on depleting fossil fuels, making them truly sustainable energy sources. By generating your electricity on-site, you become less dependent on the grid, providing greater control over your energy consumption and costs. Solar PV systems can significantly reduce your electricity bills, as the energy generated from the sun offsets the need for conventional grid-supplied power. Installing solar panels can increase the value of your home while providing a long-lasting energy solution that pays dividends for years to come. Choosing solar power helps preserve the planet for future generations by reducing reliance on non-renewable energy sources and decreasing carbon emissions. Battery systems store excess energy generated by your solar panels, allowing you to utilise it during times of high energy demand or when sunlight is limited, ensuring a consistent power supply. With a battery storage system, you can maximise the amount of solar energy used directly in your home, reducing reliance on the grid, and further reducing energy bills. During power outages or emergencies, battery systems provide a reliable backup power source, ensuring essential appliances and systems continue to operate. Battery storage systems can also provide grid support by stabilising electricity supply and demand, contributing to a more resilient and efficient energy infrastructure. Read More
| Oil and Gas Blends | Units | Oil Price US$/bbl | Change |
| Crude Oil (WTI) | USD/bbl | $77.99 | Up |
| Crude Oil (Brent) | USD/bbl | $83.51 | Up |
| Bonny Light | USD/bbl | $82.29 | Up |
| Saharan Blend | USD/bbl | $83.07 | Up |
| Natural Gas | USD/MMBtu | $2.51 | Up |
| OPEC basket 26/01/24 | USD/bbl | $83.00 | Up |
Rig Count: U.S. +1 to 621 Canada +7 to 230
U.S. Rig Count is up 1 from last week to 621 with oil rigs up 2 to 499, gas rigs down 1 to 119 and miscellaneous rigs unchanged at 3.
Canada Rig Count is up 7 from last week to 230, with oil rigs up 4 to 144, and gas rigs up 3 to 86.
International Rig Count is down 23 rigs from last month to 955 with land rigs down 23 to 735, offshore rigs unchanged at 220.
The Worldwide Rig Count for December was 1,739, down 55 from the 1,794 counted in November 2023, and down 95, from the 1,834 counted in December 2022.
| Region | Period | Rig Count | Change |
| U.S.A | 28 January 2024 | 621 | +1 |
| Canada | 28 January 2024 | 230 | +7 |
| International | December 2023 | 955 | -25 |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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