Energy News to 14 Apr. 2022. OPEC daily basket price stood at $106.07/bl, 13 April 2022

KBR (announced today that it has been awarded a contract for its ROSE® supercritical Solvent De-Asphalting (SDA) technology and Vacuum Distillation Unit (VDU) from Taiwan’s state-owned oil company, CPC Corporation.Under the terms of the contract, KBR will provide a license, basic engineering and proprietary equipment to CPC for its proprietary ROSE technology. KBR will also supply the engineering package for the upstream VDU. ROSE technology is a cost-effective residue upgrading process that allows refiners to produce higher grade, cleaner products while reducing the facility’s carbon footprint.

This industry leading technology delivers 50% energy savings over conventional SDA technologies. “We are pleased to work with CPC on this important project that enables clean fuels production with KBR’s energy-efficient and sustainable ROSE process,” said Doug Kelly, KBR President, Technology. “KBR’s design features an innovative integration solution between the VDU and ROSE unit, which significantly reduces the project’s carbon footprint. Read More

On Thursday May 5?? 2022 at 07:00 GMT (08:00 CET and 02:00 EST) Shell plc will release its first quarter results and first quarter interim dividend announcement for 2022. Read More

Lundin Energy AB (“Lundin Energy” or the “Company”) will publish its financial report for the first quarter 2022 on Wednesday, 27 April 2022. For the first quarter 2022, Lundin Energy will expense pre-tax exploration costs of approximately MUSD 22 and recognise a net foreign exchange loss of approximately MUSD 36. Aker BP Combination On 21 December 2021, Lundin Energy announced that it had entered into an agreement with Aker BP whereby Aker BP will absorb Lundin Energy’s E&P business through a cross-border merger in accordance with Norwegian and Swedish law (the “Combination”). Before the cross-border merger is effectuated, the shares in the company holding Lundin Energy’s E&P business (Lundin Energy MergerCo AB) will be distributed to Lundin Energy’s shareholders. Consequently Lundin Energy presents its E&P business as discontinued operations in the consolidated Income Statement and the asset and liabilities associated with the E&P business, are presented as assets and liabilities held for distribution. Read More

Woodside has applied to list its shares in the form of American Depositary Shares (ADSs) on the New York
Stock Exchange (NYSE), in connection with the proposed merger (the Merger) with the petroleum business

of BHP Group Limited (BHP). The listing on the NYSE is expected to become effective on completion of the Merger, targeted for 1 June 2022. The Merger is subject to satisfaction of certain conditions, including approval of the transaction by the Woodside shareholders at Woodside’s Annual General Meeting on 19 May 2022 (see the Merger Explanatory Memorandum issued to shareholders on 8 April 2022 for further details). Read More

KBR (NYSE: KBR) was awarded a $62 million, five-year recompete task order to provide conception-to-completion development, testing, engineering and analysis services for the U.S. Army Program Executive Office (PEO) Missiles and Space, Tactical Aviation and Ground Munitions Project Office, and Strategic and Operational Rockets and Missiles (STORM) Project Office.KBR was awarded this task order under the DoD Information Analysis Center (IAC) Multiple Award Contract (MAC) vehicle. The U.S. Air Force 774th Enterprise Sourcing Squadron awarded these DoD IAC MAC task orders to develop and create new knowledge for the enhancement of the Defense Technical Information Center repository as well as the Research and Development and Science and Technology (S&T) communities. KBR has served PEO Missiles and Space for over 20 years. More

Supporters of Just Stop Oil have disrupted oil supplies from two oil terminals in Essex, in support of their demand that the UK government end new oil and gas projects in the UK. At around 8am today, 20 people sat down in the road at a roundabout near the Purfleet Oil Terminal and climbed on top of a tanker, stopping it from moving. This was followed at 1pm by a further action at the Inter Terminal in Grays, Essex where 12 young people swarmed into the facility, climbed onto the loading bay pipework and locked on. At the same time a further 20 people attempted to enter the Navigator Terminal in Thurrock, but were immediately arrested. It is expected that today’s actions will continue to impact fuel availability at petrol pumps across the South East. Read More

Oil and Gas BlendsUnitsOil Price $change
Crude Oil (WTI)USD/bbl$102.90Up
Crude Oil (Brent)USD/bbl$107.20Up
Bonny LightUSD/bbl$106..80Up
Saharan BlendUSD/bbl$108.51Up
Natural GasUSD/MMBtu$7.02Up
OPEC basket 13/04/22USD/bbl$106.07Up
At press time 14 April 2022

Oil, Gas, Energy News Release Service

Dana Incorporated logo. (PRNewsFoto/Dana Incorporated)

Dana Incorporated will release its 2022 first-quarter financial results on wednesday, April 27, 2022. A press release will be issued at approximately 7 a.m. EDT, followed by a conference call and webcast at 9 a.m. EDT. Members of the company’s senior management team will be available at that time to discuss the results and answer related questions. Participants may listen to the audio portion of the conference call either through audio streaming online or by telephone. Slide viewing is available online via a link provided on the Dana investor website Read More

The latest IEA’s Monthly Gas Statistics report including January 2022 data shows that for Total OECD:
Production of natural gas increased by 2.9% compared to January 2021.
Imports (entries)1 of natural gas were 8.4% lower on a year-on-year basis, and total OECD exports (exits)1 decreased by 10.4% in the same period.
� Gross consumption of natural gas increased by 0.5% in January 2022 on a year-on-year basis. Read More

Oil, Gas, Energy News Release Service

U.S. Rig Count is up 16 from last week
Canada Rig Count is down 13 from last week to 111.

RegionPeriodRig Count Change
U.S.A8th April 2022689+16
Canada8th April 2022111-13
InternationalMarch 2022815
Baker Hughes

The latest IEA’s Monthly Oil Statistics report including January 2022 data shows that for Total OECD:

Total OECD production of crude oil, NGL and refinery feedstocks increased by 1.4% in January 2022 compared to January 2021.
Refinery gross output of total products grew by 7.7% on a year-on-year basis.
Net deliveries of total products grew in January 2022 compared to January 2021 (+7.4% y-o-y)
Oil stock levels on national territory increased by 865 kt in January 2022 compared to the closing stock levels in December 2021 and closed at 493.6 million metric tons. Read More


Honeywell (NASDAQ: HON) announced a new set of commitments that further advance its sustainability goals beyond the company’s existing commitment to become carbon neutral in its facilities and operations by 2035. The new pledges include a commitment to develop a science-based target with the Science Based Targets initiative (SBTi) that includes scope 3 emissions and participation in the U.S. Department of Energy’s Better Climate Challenge. The company also supports the Paris Climate Agreement.
Honeywell will work with SBTi, a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), to reduce its emissions in line with climate science. As part of SBTi’s process, over the next two years, Honeywell will further quantify its Scope 3 emissions and work closely with SBTi to determine an appropriate reduction target for those emissions. Honeywell has already committed to carbon neutrality in Scope 1 and 2 emissions by 2035. Honeywell also announced that it has joined the United States Department of Energy’s Better Climate Challenge and will reduce its Scope 1 and 2 emissions in the United States by 50% and improve energy efficiency by an additional 10% by 2030, from a 2018 baseline. The Better Climate Challenge is a U.S. government platform designed to mitigate the impacts of climate change. As part of the Challenge, Honeywell will develop a plan with greenhouse gas emissions reduction milestones, share its progress and solutions with other organizations, and report on its emissions data during the 10-year timeframe. Read More

A £3.5m programme to upgrade and expand the Thomas Telford Corpach Marina in Fort William has moved a step closer following the securement of final funding.

The improvements will provide new jobs, increased facilities for local people and tourists, as well as significantly upgrading marine facilities for locally-owned and visiting vessels. In addition to a 40-berth marina and public slipway to launch boats, a community coffee shop and variety of related shore facilities will also be provided.

The work is being made possible by funding from a number of organisations including Crown Estate Scotland, Highland Council, Highlands and Islands Enterprise, and Mowi Scotland. Read More

Crown Estate Scotland have today confirmed that all 17 successful ScotWind applicants now have option agreements in place meaning that their projects can move into the development stage. It follows the announcement in January of the applicants who have been successful in a highly competitive process which attracted 74 applications.

Full seabed leases are granted at a later stage once applicants have the necessary consents from regulators, such as Marine Scotland, and have secured grid connections and financing. A key focus of ScotWind is encouraging supply chain investment to develop the Scottish projects. In a world first, Crown Estate Scotland mandated that applicants must outline supply chain commitments as part of their application for an option agreement, with commitments then updated throughout development as project specifics such as timing and technology become clearer. Summaries of all initial commitments – which indicate an average of £1bn investment in Scotland per gigawatt of capacity built – will be published by Crown Estate Scotland in the coming weeks. Read More

OilandGasPress Energy Newsbites and Analysis Roundup |Compiled by: OGP Staff, Segun Cole @oilandgaspress.

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