Energy Prices,Newstrack to 28/05/2021

Oil Price Rises On API Inventory Report

Energy Companies Are Scrambling For Cyber Insurance Currently, only some 50 percent of pipeline operators in the United States are insured against cyberattacks

Ehang’s New Passenger Drone Designed for Long-Range, Intercity Transportation announces a new electric autonomous aerial vehicle (AAV): the VT-30, a long range passenger drone designed for inter-city transportation.

Energy/ Oil Related News Today on PR Newswire Updated Daily

PetroNor E&P Announce Interim Financial Report Q1 2021 Received shareholder approval to increase indirect ownership in PNGF Sud up to 16.83% through increasing is shareholding in Hemla E&P Congo S.A. and Hemla Africa Holding AS.

Commodity PricesUnitsPrice $Change
Crude Oil (WTI)USD/bbl66.94Up
Crude Oil (Brent)USD/bbl69.81Up
Bonny LightUSD/bbl68.01Up
Natural GasUSD/MMBtu3.04Up
OPEC basket 27/05/21USD/bbl67.32Down
At press time 28, May 2021

Ford and British Gas challenge Britain’s smallest town to make EV switch Fordwich, Britain’s smallest town, to switch to electric as new research* shows a large majority of those in the countryside (82%), small towns (79%) and villages (76%) would not feel confident purchasing an EV as their next vehicle, if the ban on petrol and diesel cars came in next week.

Vestas wins first EnVentus order in Asia Pacific for a 157 MW project in Australia The project will feature 28 of Vestas’ V162-5.6 MW turbines from the EnVentus platform. This marks Vestas’ first EnVentus order for Asia Pacific and Australia, as well as Neoen’s first Australian project with Vestas. From the base of the tower to the highest tip of the blade, the wind turbines will reach 230m to fully capture the site’s high wind shear.

Nissan launches lightweight aluminum technology in Europe on all-new Qashqai Aluminum production at Nissan’s Sunderland plant includes the 2nd extra large press line that was launched last year and the cyclone – a recycling facility that blasts out scrap metal at 150 km an hour and can handle more than seven tons of metal an hour, ensuring less waste and a greener production process.

Oil and gas sector on ‘cusp of transformation’ into renewable Aberdeen and Grampian Chamber of Commerce (AGCC) said 75% of contractors surveyed anticipated moving into renewables work over the next three to five years.

Maersk Drilling

Maersk Drilling to sell Maersk Inspirer for $373 million This transaction is in line with Maersk Drilling’s strategic objective of aligning its fleet to its core business, while also further strengthening Maersk Drilling’s balance sheet through a material reduction of net debt. Part of the proceeds from the transaction will be used for a partial repayment of the syndicated loan facility.

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