Energy News Digest to 21st Feb. 2022. OPEC daily basket price stood at $92.79 a barrel, Fri, 18th Feb. 2022
Motor Fuel Group (MFG), announced an Electric Vehicle (‘EV’) partnership deal with leading real estate owner and manager, LondonMetric Property Plc, representing MFG’s first off-network agreement. The initial programme with LondonMetric will see MFG build 6-8 bay Ultra-Rapid 150kW EV charging hubs at six of LondonMetric’s long income retail locations in Birmingham, Cardiff, Coventry, Glasgow, Ipswich and Liskeard.
The partnership will help MFG gain increased EV Power brand awareness, whereas LondonMetric will benefit from a zero-capex solution, additional rental income, new on-site facilities and, at the same time, demonstrate its growing support for a cleaner, greener environment. The hubs will offer motorists 100 miles range in approximately 10 minutes, subject to the charging capability of individual car batteries. Read More
Owners of electric cars are falling victim to a new crime wave sweeping the UK. Thieves are stealing the cable required to recharge the cars, then either selling the copper it contains as scrap – or simply selling the cable on the second hand market for up to £200. An RAC spokesman says: ‘Charging cables are going to be high on the list for opportunist thieves as they are expensive and demand will soar as motorists turn to electric vehicles. When charging a car in public, it is always better to stay by the car rather than wander away.’ Read More
DNV launches new Joint Industry Project to ensure reliable, safe and cost-efficient hydrogen production systems using electrolysers for the growth of green hydrogen. Together with 18 industry partners, DNV is launching a new Joint Industry Project (JIP) to enhance the standardization for reliable, safe and cost-efficient hydrogen production systems that use renewable energy-powered electrolysis to produce green hydrogen. Electrolysers are hydrogen producing devices, splitting water into hydrogen and oxygen using electricity in a chemical process known as electrolysis. Hydrogen can play a significant role in decarbonizing the world’s energy supply, unlocking more potential of renewable energy and is receiving increasing focus as the energy transition moves at pace. Read More
| Oil and Gas Prices | Units | Price $ | change |
| Crude Oil (WTI) | USD/bbl | $91.18 | Down |
| Crude Oil (Brent) | USD/bbl | $93.58 | Up |
| Bonny Light | USD/bbl | $93.66 | — |
| Natural Gas | USD/MMBtu | $4.66 | Up |
| OPEC basket 18/02/22 | USD/bbl | $92.79 | Down |
DNV is designated as a UK Approved Body for UKCA marking of Hazardous Area Equipment and Construction Products. Most products currently covered by CE marking will soon require the new UKCA mark. With time running out, manufacturers must act now to ensure continued UK market access in 2023. Following successful accreditation by UKAS, DNV has been formally designated by the United Kingdom Government as a UK Approved Body, able to provide conformity assessment activities against UK regulations. Already a UK Approved Body for the UK Pressure Equipment Regulations, DNV is now able to provide manufacturers of Hazardous Area Equipment and Construction Products (Structural Metallic Products & Ancillaries) with conformity assessment in order for them to be able to apply the UKCA mark and make their products available for sale in the UK. Read More
On the sidelines of EGYPS 2022, Kuwait Energy has signed a strategic memorandum of understanding (MoU) with the Ministry of Petroleum to support the development of young leaders and middle management in attendance of the Minister of Petroleum and Mineral Resources Tarek El Molla, according to a press release. The launch of the second phase in its new edition comes as a resumption and a continuation for the success of the program’s first phase which has been sponsored by Kuwait Energy Egypt in 2019 at designing the “Emerging Leaders” program that provided six months of intensive developmental training for 10 high potential talented participants with approximately 2500 learning hours per participant.
On this occasion, Kamel Al Sawi explained “Kuwait Energy Egypt continues the sustained commitment towards the support of the modernization program that has been initiated by H.E. Eng. Tarek El Molla two years back. It comes out of our belief that this will help Egypt to achieve its major target of being a regional energy hub which requires different mentalities and challenging capabilities, and our responsibility is to build these capabilities together with the ministry.” Read More
The second day of EGYPS 2022 witnessed the signing of several memoranda of understanding (MoU) in attendance of the Ministry of Petroleum and Mineral Resources Tarek El Molla aiming to enhance the operations, production, emissions reduction in addition to other fields. One of these MoUs was signed between the Egyptian General Petroleum Corporation (EGPC) and the Arab Organization for Industrialization (AOI) for the manufacture, overhaul, and maintenance of turbines. The MOU was signed by EGPC’s CEO Assistant Ayman Emara and AOI Director-General Abdul Rahman Othman. Also, EGPC has inked another MoU with Schneider Electric to establish a strategic control center within the framework of the Ministry of Petroleum’s digital transition vision and plan. It was signed by Alaa El Batal, EGPC Chairman, and Khaled Kamel, General Manager of Schneider Electric. Read More
The Gold Hydrogen Program, a coalition of organizations seeking to support the scale of this clean energy resource, announced its launch — and the debut of a pilot microbial Gold Hydrogen Process — during this week’s 2nd American Hydrogen Forum. A joint industry partnership to commercialize clean, gold hydrogen, the program’s founding members include Cemvita Factory (innovator in low-carbon microbial solutions for energy and mining resource extraction, production, and renewal), and Chart Industries, Inc. (a leader in clean energy solutions). Other collaborators include EXP (a global engineering and consulting firm); and The Center for Houston’s Future (a nonprofit organization devoted to fact-based strategic planning, collaboration, and action on issues of great importance to the long-term future of Houston). Hydrogen can be naturally occurring or manufactured and when burned, its only byproduct is water. At almost double the efficiency of conventional fuel, it is a prized source of clean energy. However, conventional hydrogen production is energy-intensive; thus, hydrogen products are classified by colors — green, blue, grey, brown, and more — that describe the process used for creation (including electrolysis, steam-methane, oil, or coal production methods). Read More–>
Malaysia’s Petronas and Japan’s Mitsubishi Corp. are divesting their stakes in Myanmar’s Yetagun gas field, the companies said, in the latest exits by major energy companies from the country since last year’s military coup. A spokesperson from Mitsubishi said on Friday it would be difficult to continue the business from technical and economic points of view. The company, which indirectly holds a 1.93% stake in the Yetagun gas field off the southern coast of Myanmar, has decided to quit the project and is in talks with other partners in its joint venture JX Myanmar, he added. Read More
Mitsubishi Corporation (MC) announced that it has been awarded from the Philippines’ Department of Transportation (DOTr) to deliver the integrated railway systems and trackwork for the Metro Manila Subway. The awarded contract is worth approximately 140 billion yen and slated for completion in 2028. The Manila Metro is being financed through the Japan International Cooperation Agency (JICA) by an ODA1 loan granted under the Japanese government’s Special Terms for Economic Partnership (STEP) program. MC is responsible for designing, manufacturing, installing and delivering of all the systems2 for what will be the Philippines’ first subway line between the northern city of Valenzuela and the southern city of Parañaque. This new line will help to meet Metro Manila’s growing demand for public transportation, which has been driven by the city’s rapid economic growth. It will also help to reduce traffic congestion and atmospheric pollution, both of which are particularly severe in Metro Manila. The Philippines government is promoting an infrastructure development plan called “Build, Build, Build,” in which the Metro Manila Subway is considered a priority project. MC’s deliverables will cover a stretch of the subway extending from East Valenzuela Station to Terminal 3 Station3, a total of 15 stations covering 27 kilometers, and to Bicutan Station to be financed by a different ODA loan. The subway is expected to make this journey more than an hour quicker than it currently takes by car. Read More
| Region | Period | Rig Count | Change from Prior Count |
| U.S.A | 18th February 2022 | 645 | +10 |
| Canada | 18th February 2022 | 220 | +1 |
| International | January 2022 | 841 | +7 |
Mitsubishi Corporation (MC), HomeServe Japan Corporation and the municipal government of Yatsushiro City in Japan’s Kumamoto Prefecture announced that they have signed a “regional revitalization” agreement that will cover services for Yatsushiro City. To include: Use of digital technologies to invigorate regional communities and build safe and secure municipalities. Enhancement of at-home and community services in energy, mobility, infrastructure and other sectors. Read More
Shell turned an old gas station into an EV-only charging hub with free WiFi and solar panels in its timber canopies. Shell’s old gas station on Fulham Road, London, UK. What was once a run-of-the-mill gas station is now something rather different. Shell has converted the site into a charging hub exclusively for electric vehicles (EVs). Read More
Ineos Automotive, a division of UK petrochemical giant Ineos, is considering an all-electric variant of its new Grenadier off-roader.
Company executives told Automotive News Europe that a battery electric Grenadier is one of the routes to achieving zero-emissions, in addition to the already announced hydrogen fuel cell version. Read More
OilandGasPress Energy Newsbites and Analysis Roundup |Compiled by: OGP Staff, Segun Cole @oilandgaspress.
Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
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