Energy News Releases to 30/11/22 . OPEC daily basket price at $83.42/bl, 29 Nov. 2022
Oil prices continued to fluctuate as the market digests the likelihood that OPEC+ may cut production for January. China Demand Concerns remain.
The US Air Force is planning to unveil the most advanced aircraft ever created early next month after spending nearly $203 billion on the program.
The B-21 Raider stealth bomber will be unveiled at the Northrop Grumman facility in Palmdale, California, on December 2.
The bomber was designed to carry out long-range bombing and nuclear missions employing cutting edge stealth technologies.Full details about the bomber have been kept tightly under wraps, with next to nothing having been revealed about the aircraft. Read More
The third block of the Muara Karang Gas Turbine Combined Cycle (GTCC) power plant operated by PT. PLN (Persero) subsidiary PT. PLN Nusantara Power (PNP) and constructed by Mitsubishi Power, has won two awards at the Asian Power Awards 2022. It was conferred the Gold award for Gas Engine Combined Cycle Power Project of the Year (regional award) and Gas Power Project of the Year – Indonesia (country award). Operating with 60.7% efficiency and heat rate of 1,415 kCal/kWh, the 500 MW facility is the most efficient power generation facility in Indonesia, and is one of the most advanced in terms of its environmental performance and generation costs. It plays a key role in meeting the rapidly rising demand for energy in West Java and supports the Indonesian government’s plans to boost national power supply capability by an additional 35 GW between 2015 and 2019, and a further 45 GW by 2025. Read More
SEA’s 2025 target to have 35% of total power capacity from renewable energy sources is expected to be supported by the strong solar and Energy Storage sector growth. How exactly should the quota availability be matched?
Energy Box is organizing Solar Energy Storage Future SEA 2022 scheduled on December 6, 2022.
The congress will invite the ASEAN government, local power companies, leading companies with the most development experience, qualifications and investment intentions in SEA, and 600+ professionals to share SEA’s solar and Energy Storage project development strategies, and jointly analyze the future development of solar and Energy Storage markets. Including cutting-edge trends in its new energy market. Read More
First Hydrogen Corp. showcased its hydrogen fuel cell-powered light commercial vehicles (LCV) in operation at the HORIBA MIRA Proving Ground, located near Birmingham, UK. The following link shows the LCVs in operation during its initial test runs, one in fuel-cell and one in battery electric mode (FH Track Run). The vehicles are certified for road use in the United Kingdom (UK), excluding Northern Ireland. Fleet trials with major UK operators are scheduled for January 2023. A total of 14 fleet operators in various industries are engaged to participate in the trials through the UK Aggregated Hydrogen Freight Consortium (AHFC).
The Company is now counting down to the unveiling of its new next generation vehicle. First Hydrogen’s next generation vehicle platform is the culmination of 18 months of work by First Hydrogen’s Automotive team and represents a major step forward for the Company by providing zero emission, compelling range, payload and overall total cost of ownership for the light commercial vehicle segment.
The Company’s commercial vehicle strategy is focused on supplying zero emission LCVs to the UK, European Union, United States and Canada. The global light commercial vehicle market is projected to reach $786.5 billion by 20301. These vehicles, together with the Company’s Hydrogen-as-a-Service (HaaS) solution, which supplies green hydrogen fuel, distribution and complementing vehicle management services, will help the sector meet zero emission targets. Read More
SLB (NYSE: SLB) is collaborating with Oman’s Ministry of Energy and Minerals and the Oman Investment Authority in building a national strategy to develop the potential of Oman’s geothermal resources.
This announcement follows the completion of an extensive project to evaluate data from more than 7,000 oil, gas and water wells, with the objective of mapping sweet spots for geothermal prospects in the country. Commissioned by the Omani authorities, the SLB experts assessed surface, subsurface and well data from the national data repository over a three-month period.
“Geothermal is one of the world’s most promising clean energy resources, and it has a crucial role to play in reaching net-zero targets,” said Gavin Rennick, president of SLB’s New Energy business. “Using digital technology solutions to assess geothermal resource potential can accelerate prospectivity analysis and, ultimately, the delivery and performance of geothermal installations. We are excited to work with the Ministry of Energy and Minerals and the Oman Investment Authority to explore decarbonization pathways for Oman.” Read More
SLB announced an award to its OneSubsea® business and Subsea Integration Alliance of a large contract by bp for its Cypre gas project offshore Trinidad and Tobago. The contract scope covers the engineering, procurement, construction, and installation (EPCI) of the subsea production systems and subsea pipelines. The award represents Subsea Integration Alliance’s first fully integrated EPCI single contract with bp and the alliance’s first development in the Caribbean nation.
The Subsea Integration Alliance team delivered the initial front-end engineering and design phase for the project and will now transition into the full EPCI phase. Offshore installation is scheduled to commence in 2024.
OneSubsea, the subsea technologies, production, and processing systems business of SLB, will deliver the subsea production systems, which will include seven horizontal subsea tree systems, subsea controls and connection systems, distribution and control systems and aftermarket services. Subsea7, also part of Subsea Integration Alliance, will deliver the subsea pipelines for the project.
“By leveraging early engagement, digital solutions and field-proven, standard equipment, we were able to quickly define the development concept for bp’s Cypre project and place early orders for key components, derisking the project timeline,” said Don Sweet, director of SLB’s Subsea Production Systems business.
“bp’s Cypre project is a prime example of our ability to harness the key strengths of Subsea Integration Alliance: Subsea7 with its expertise in executing complex EPCI projects and OneSubsea’s fast-track delivery of subsea production systems,” said Subsea Integration Alliance Chief Executive Officer Olivier Blaringhem. “Combined, we are delivering a refined solution that enables early first gas.” Read More
Siemens Smart Infrastructure has partnered with SEW to support utilities globally to improve the customer and workforce experiences for utility smart meter users and accelerate the path to a 100 percent renewable world. Headquartered in Irvine, California, SEW is an industry-leading cloud platform provider specializing in digital customer experiences and workforce experiences for utility providers. SEW’s solutions are powered by artificial intelligence, machine learning, and IoT analytics. As the leading company for grid software, Siemens is pushing ahead with its recently launched open, modular, and interoperable grid software suite. It supports utilities to rethink how they plan, operate, maintain, and optimize grids and connect the physical and the digital worlds with an integrated OT and IT landscape. The suite is part of Siemens Xcelerator, an open digital business platform to accelerate digital transformation and value creation across industry, transportation, grids and buildings. An important aspect of this strategy is an ecosystem of partners with complementary portfolios. Read More
Siemens agreed to supply Electromin, the e-Mobility unit of Saudi Arabia’s lubricants and automotive services company Petromin, with electric vehicle (EV) chargers for its planned development of a Kingdom- and region-wide charging network.
The agreement will ensure supplies of Siemens’ most advanced EV infrastructure technology for Electromin’s network, including the ultra-fast Sicharge D chargers that use direct current and the smart VersiCharge AC wall or pole mounted units that run on alternating current. Electromin is also developing a consumer app that will allow users to locate public chargers, plan their route and book and pay for sessions.
“Electromin’s eMaaS solutions are contributing to the development of the Saudi EV ecosystem, and this partnership with Siemens will allow us to provide the charging infrastructure and technology necessary to boost adoption of EVs in the Kingdom,” said Kalyana Sivagnanam, GCEO of Petromin Corporation and CEO Electromin. “The rollout of EV charging points across Saudi Arabia is our first phase of a significant national strategy that extends to 2030 and beyond.” Read More
Siemens Smart Infrastructure has partnered with OverIT, the global leader in field service management, to expand its ecosystem of partners for its grid software business. Headquartered in Italy, OverIT offers a software solution to boost productivity in workforce management and create data analytics to track, calculate and analyze field service operations. This partnership further strengthens the Siemens Grid Software portfolio ecosystem, enabling exponential growth in distributed renewable energy by integrating information from all essential parts of the converging OT/IT landscape.
Efficient field service management is becoming increasingly important, especially for distribution grid operators with thousands of assets, including secondary substations and distribution cabinets not yet equipped with sensors and actuators. Combined with the highly modular, open, interoperable and well-established Siemens grid software, utilities will be able to efficiently detect and address underlying faults and, most importantly, effectively improve field crew management, leading to grid optimization in the areas of planning, operation and maintenance. In addition, analytical insights from service operations further empower Siemens’ digital twin of the grid, enabling active grid management, advanced customer service and efficient planning.
The Siemens Grid Software Suite is part of Siemens Xcelerator, an open digital business platform designed to accelerate digital transformation and value creation across industries, transportation, grids and buildings. An important aspect of this strategy is an ecosystem of partners with complementary portfolios. Read More
Siemens is expanding its family of Reyrolle protection devices with the launch of the 7SR46. Complementing an extensive portfolio of protection relays for distribution and industrial grids, the primary application for the Reyrolle 7SR46 is to provide overcurrent and earth fault protection in medium voltage distribution transformer stations. Mounted in a ring main unit, the protection device detects cable faults on the network and operates quickly to disconnect the fault. The 7SR46 dual powered protection relay is to be showcased at Enlit Europe, taking place in Frankfurt from November 29 to December 1.Due to their often remote location, secondary substations do not always have a battery to provide power to electronic equipment such as protection relays. With this in mind, the 7SR46 has been designed to operate using power from current transformers (CTs) when the line is live. Addressing scenarios whereby the line is switched off and there is already a fault on the line, or the earth connection has been mistakenly left connected, the 7SR46 has been specifically designed to power up quickly to provide protection in such circumstances.
Providing additional flexibility and security, the 7SR46 is dual powered to allow a connection to an auxiliary battery supply. With power available from the current transformers and an auxiliary power supply, this feature provides redundancy in case the battery fails. Read More
US has had an increment in the share of electricity generated by renewable energy resources, from circa 10.6% in 2010 to 19.5% in 2020. This increment is mainly driven by the installation of new wind and solar development which have seen an increase from 95.86TWh (terawatt hour) (94.65TWh wind and 1.21TWh solar) to 427.14 TWh (337.94TWh wind 89.20TWh solar). Due to the addition of new solar and wind capacity in 2022, the International Energy Agency (IEA) estimates that renewable energy will cover 22% of the US electricity needs ahead of coal (20%) and behind gas (38%). The share of electricity produced via renewable energy is predicted to increase to 24% in 2023 with gas and coal declining to 36% and 19% respectively. Despite the recent improvements researchers are still worried that the US will not meet it climate goals. To do so, the US will have to increase the deployment of new wind and solar developments. In the next two years the US will have to install at least 50GW of new renewable capacity. To put this figure into context, the amount of renewable capacity installed in 2020 and 2021 was 25GW. Read More
RN-Vankor (an enterprise of Rosneft’s oil production complex) has saved more than 294 million kWh of electricity in five years of its energy saving programme. The economic gain exceeded 692 million roubles. The enterprise’s specialists implemented 1,164 energy saving measures at the end of 2021, the effect of which was estimated at 116 million roubles. Rosneft carries out systematic work on utilisation of resources and reduction of energy consumption, with energy saving being one of the most important elements of its strategy. The Company is focused on improving the performance of production assets and introducing new technologies.
RN-Vankor’s energy saving programme takes into account the specifics of fuel and energy resource consumption at the Vankor cluster facilities, which are being developed in the Polar region using the most modern infrastructure in terms of energy efficiency. Production facilities are optimised every year to determine the energy efficiency potential of technological processes, and highly efficient equipment and energy-saving oil production technologies are introduced. Read More
| Oil and Gas Blends | Units | Oil Price $ | change |
| Crude Oil (WTI) | USD/bbl | $78.54 | Down |
| Crude Oil (Brent) | USD/bbl | $83.88 | Down |
| Bonny Light | USD/bbl | $82.87 | Up |
| Saharan Blend | USD/bbl | $82.27 | Up |
| Natural Gas | USD/MMBtu | $7.17 | Down |
| OPEC basket 29/11/22 | USD/bbl | $83.42 | Up |
Meridian, with the support of Ngāi Tahu, have selected Woodside Energy (Woodside) as the preferred
partner to move forward to the development stage of the proposed Southern Green Hydrogen (SGH) project in New Zealand. A final investment decision will follow the development stage. Woodside was selected after an extensive competitive bidding process based on its capability and experience in operations, process safety, and liquids marketing. Meridian Chief Executive Neal Barclay said: “We’re very pleased to be partnering with Woodside which, like us, is focussed on progressing a world-class hydrogen and ammonia facility in Southland, New Zealand, that will provide significant benefits to the local community. In addition to its operational and marketing expertise, Woodside has demonstrated climate change ambitions, and as we are a 100 percent renewable energy company and committed to sustainability, that was a key focus for us in selecting a partner.” Mitsui & Co., Ltd. (Mitsui) is also in discussions to join the project and develop the potential market for ammonia offtake, with the aim of creating a world-class collaboration that covers the full hydrogen and ammonia supply chain. Mitsui has 50 years of experience in the ammonia business, including the largest share of ammonia imports into Japan. Subject to finalising commercial arrangements, Meridian, Woodside, and Mitsui will work towards commencing front-end engineering design for the project.
Woodside CEO Meg O’Neill said: “We are pleased to have been selected as Read More
The future of Li-ion batteries
The energy storage sector has seen modernisation and the adoption of new and advanced chemistries and technologies in recent years. Lithium-ion batteries are among the most recent adopters, and their performance and features have made them the most preferred and demanded technology. These batteries are already influencing the way EVs are being designed in these modern times and will be a crucial factor in retaining the growth of this industry. These safety standards are crucial to accelerating the demand, innovation, and technological advancements and eliminating tailpipe emissions. A lot of progress has already been made in the field of Li-ion batteries around the world, and some Indian companies are already on their way to gaining a first-mover edge in the industry. In the future, there will be new challenges and new solutions, supported by safety standards that are compatible with Indian road conditions and end-user needs. Read More
15 Discontinued Cars That Won’t Make It To 2023. Automakers have already begun rolling out their new products for 2023, and unfortunately, some of the cars, trucks, and SUVs we love won’t aren’t making it to next year.
Luxury brands like Acura and Mercedes-Benz are putting multiple cars to rest as they prep new products, while American automakers like Buick, Chevrolet, and Ford have at least one vehicle going the way of the dodo. More cars will likely join this list next year, but for now, let’s say our goodbyes to those that we lost. Read More
British solar therma ldesign and engineering company NakedEnergy announces their partnership with Italian energy service company X3Energy.
An innovative addition to X3Energy’s green offering, the company will distribute Naked Energy’scutting-edge solar thermal and photovoltaic thermal (PVT) products across Northern Italy. The consulting-led energy service company offers a wide range of products to aid customers with energy efficiency, who are now able to take advantage of industry leading solar thermal.
Naked Energy’s Virtu range will help to future-proof the energy needs of Italy’s manufacturing sector. Hotels, food and beverage producers and the textile industry will also benefit, with the offering granting them access to cleaner, more efficient energy – in particular the provision of low cost, low carbon heat for manufacturing and other thermal processes.
The deal is set to further strengthen the British company’s position in the Italian market, having manufactured their Virtu technology in Italy since 2018 with industry leaders Jabil.
The partnership will also support Italy to achieve their ambitious renewable energy targets. The country is aiming to reach 30% of total energy consumption and 55% of electricity generation from renewable sources – such as solar thermal – by 2030. Read More
Cleantech Solar has signed a power purchase agreement (PPA) with Griffith Foods Co. Ltd. to develop an 807 kWp solar PV system at their manufacturing facility’s rooftop and carport in Samut Prakan, Thailand. Griffith Foods Co. Ltd. is a subsidiary of Griffith Foods Group Inc., a global product development partner specialising in high-quality food ingredients.
This long-term solar partnership between Cleantech Solar and Griffith Foods is expected to generate nearly 18 GWh of clean energy during the lifetime of the project, leading to a reduction of over 10 kilotonnes of CO2 emissions. Cleantech Solar will provide the end-to-end solar solution, with the project being operated and maintained by Cleantech Solar throughout the term of the agreement. Read More
Cleantech Solar has powered up two rooftop solar PV systems with a total system capacity of 755 kWp at the company headquarters of United E & P Pte. Ltd. at First Lok Yang Road, Singapore. United E & P is amongst the leading one-stop asphalt premix producers and construction materials suppliers to the local construction industry in Singapore.
This long-term solar partnership between Cleantech Solar and United E & P is expected to generate approximately 14 GWh of clean energy during the lifetime of the project, leading to a reduction of nearly 6 kilotonnes of CO2emissions. Cleantech Solar is the turnkey solar solution provider for this project, having financed, designed and built the system, which will also be operated and maintained by Cleantech Solar across the term of the agreement. Read More
Baker Hughes Rig Count
U.S. Rig Count is up 2 from last week to 784 with oil rigs up 4 to 627, gas rigs down 2 to 155 and miscellaneous rigs unchanged at 2.
Canada Rig Count is down 7 from last week to 194, with oil rigs down 6 to 129, gas rigs down 1 to 65.
| Region | Period | Rig Count | Change from Prior |
| U.S.A | 23 November 2022 | 784 | +2 |
| Canada | 23 November 2022 | 194 | -7 |
| International | October 2022 | 911 | +32 |
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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