Latest Energy / Automotive News : U.S. Rig Count is down 7 from last week to 748

London, 09 May, 2023, (Oilandgaspress) : A study published in Nature Energy on Monday has revealed that the U.S. Oil Patch is home to tens of thousands of inactive offshore oil and gas wells that remain unplugged, posing the risk of possible leaks into the ocean. The study estimates that whereas plugging and abandoning these wells could minimize their environmental risk, the exercise would cost the industry a hefty $30 billion. There are more inactive, non-producing wells in the Gulf of Mexico coastal waters in Louisiana, Texas and Alabama that have not been plugged and abandoned than currently active wells in this region. Read More

The Super Crowd, Inc., a public benefit corporation, will present Aptera Co-CEOs, Steve Fambro and Chris Anthony with the first-ever Super Crowd Impact Crowdfunder of the Year Award in recognition of the money raised via their Regulation A crowdfunding offering.

Under the leadership of the Co-CEOs, Aptera has raised over $60 million via crowdfunding offerings over the past several years to bring to market a solar electric vehicle that will be the most energy efficient in history. The award will be presented on day one of SuperCrowd23, a virtual conference to be held on May 10 and 11. Tickets are still available.

“We are honored to receive the first-ever Super Crowd Impact Crowdfunder of the Year Award,” said Fambro. “Our community recognizes the social and environmental impact of producing an affordable electric vehicle that can operate over 10,000 miles per year directly from the sun and without charging from the grid.” Based in San Diego, California, Aptera received a $21 million grant from the California Energy Commission in March to help it bring its sEVs into production there. Aptera Motors® delivers the world’s most technologically advanced solar electric vehicles (sEVs), made possible by breakthroughs in battery efficiency, aerodynamics, material science, and manufacturing. Read More

Liban Cables, a Nexans company, has inaugurated the extension of its 600kW peak solar power system at its Nahr Ibrahim industrial facility, leading to a total output power to 1.2 MW at peak with a first of its kind 500kW containerized battery solution.

This project will allow Liban Cables to reduce greenhouse gas emissions by 1,500 tons per year, which is equivalent to the weight of 750 cars, by replacing two of its six electric generators with photovoltaic panels. The 3,020 photovoltaic panels installed at Liban Cables and connected to the plant with Nexans solutions will generate over 1,800 MWh per year. This renewable energy will cover over 18% to 20% of the electricity needed by the plant to produce a wide range of building, industry and infrastructure cables. This is the equivalent to the annual electricity consumption of 434 Lebanese homes for 25 years. The official unveiling took place under the patronage and in the presence of H.E Dr. Walid Fayad, Minister of Energy and Water and H.E Mr. George Bouchikian, Minister of Industry. Ms. Maria Lorente, Senior Corporate VP CHRO & CSR – Nexans, in addition to clients, distributors, partners and members of the press, also attended the launch event. Read More

Lordstown Motors Corp., an original equipment manufacturer (“OEM”) of electric light duty vehicles focused on the commercial fleet market, and Amerit Fleet Solutions (“Amerit”), a provider of customized fleet maintenance and repair programs nationwide, announced that it has entered into an agreement for Amerit to provide service and maintenance to Lordstown’s commercial fleet customers. Read More

Category-defining R1 models achieve highest award for vehicle safety

Rivian Automotive, along with the Insurance Institute for Highway Safety (IIHS), announced the electric vehicle builder’s R1S SUV as an IIHS TOP SAFETY PICK+ for the 2023 model year. The award applies to models built after January 2023. R1S joins the Rivian R1T pickup in receiving this designation, meaning both of the company’s flagship consumer vehicles now hold the independent nonprofit’s highest safety award for 2023. To date for the 2023 model year, the Rivian R1S is the only vehicle in the large SUV category to win the TOP SAFETY PICK+ award. The 2023 Rivian R1T pickup is one of just three large pickups to earn the TOP SAFETY PICK+ designation to date. Read More

A Tesla driver died in a fatal shooting at a Supercharger station in Denver, Colorado, over a dispute regarding charging their electric vehicles, according to the police.

Local news outlet Denver7 reported that the police confirmed a man died following a shooting at the charging station: Read More

Ohmium Appoints Andrea Nicolás to Board Ohmium International green hydrogen company that designs, manufactures, and deploys advanced Proton Exchange Membrane (PEM) Electrolyzer systems, today announced the appointment of Andrea Nicolás as a new Board member to further strengthen and broaden Ohmium’s capabilities as it scales and accelerates its pioneering research and development programs to reduce the cost of green hydrogen production. Ohmium announced the appointment following a successful Series C investment raise of $250 million in April.

Nicolás joins Ohmium with several decades of experience including as a trusted advisor to Boards of Directors and Executive Management teams of US and global enterprises across a diverse range of industries. She provides expert strategic counsel on critical business issues for start-ups, joint ventures, growth and mature companies. Nicolás has deep experience in the renewable energy sector, corporate finance, risk management and corporate governance. Read More


Maserati MSG Racing in Monaco

Maserati MSG Racing faced a challenging afternoon on home turf, with the team falling short of encouraging early potential at the 2023 Monaco E-Prix.

The Principality’s only racing team returned the podium in Berlin two weeks earlier and showed clear pace throughout the Monaco weekend after setting the fastest time in FP2. Drivers Edoardo Mortara and Maximilian Günther both advanced to Formula E’s duel stages from Group B, and fought gallantly in the head-to-heads. Although Edo lost out in the Quarter-Finals, Max advanced to the penultimate stage but was beaten by Jake Hughes, with the duo starting the race from fourth and seventh on the grid. After adopting an aggressive energy saving strategy at the start, both Edo and Max lost ground in the opening phase of the race but rallied their efforts after the opening third. Running in-formation, the pair were locked in the battle for a place inside the top five – a position which Max held after overtaking Dan Ticktum and Jake Hughes on laps 13 and 14. Both drivers activated Attack Mode on lap 17 and set out to recover after losing track position, although a stack up ahead, and evasive manoeuvre from Max left Edo with front wing damage. On lap 22, Max came to blows with Ticktum when trying to overtake the NIO 333 driver who, with front wing damage and reduced steering, pushed the German into the wall and out of the race. This left Edo as our remaining challenger but with damaged machinery, the Swiss-Italian’s best efforts were compounded. He took the chequered flag in 12th to narrowly miss out on points. Formula E’s ninth season will continue on 3-4 June with a double-header race in Jakarta, Indonesia Read More

Lucid’s Upcoming Gravity Luxury Electric SUV

Lucid Group, Inc., setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced that the Lucid Gravity SUV has entered a new phase of development, now testing on public roads throughout the U.S. “I am excited to see the Gravity SUV moving forward so quickly in its development, as it builds upon everything this company has achieved thus far and drives further advancements of our in-house technology to create a luxury electric SUV like none other,” said Peter Rawlinson, CEO and CTO, Lucid Group. “The Lucid Air redefined the sedan category, and as our technology continues to evolve and lead the market, we are in a place where the Gravity is positioned to change the world of SUVs.”The Lucid Gravity SUV is designed and engineered to serve nearly any lifestyle or need, with a previously unheard-of combination of spaciousness, performance, and driving range. This luxury electric SUV will offer comfortable seating for up to seven adults and their gear, the driving dynamics of a sports car, and greater electric range than any SUV on the market today. The Lucid Gravity will also introduce new Glass Cockpit high-resolution displays, powered by the next generation of Lucid UX, Lucid’s intuitive and elegant software interface. Read More

Toyota GR Supra GT4 100 Edition

Toyota’s premier auto insurance product now available in California

Toyota Auto Insurance, the automaker’s branded insurance product, is now available to customers residing in California. Introduced to select markets in 2021, Toyota Auto Insurance offers customers quality, customizable coverage at affordable rates. Expanding into the Golden State represents a major milestone for Toyota Auto Insurance. Not only is California the nation’s most populous state, it’s also home to the first Toyota manufacturing facility in North America, Toyota Auto Body California.

Toyota Auto Insurance offers consumers a quick, easy, and flexible policy purchase process via Toyota’s state-of the-art mobile app, call center agents, participating Toyota dealerships, and the website. Toyota Auto Insurance, underwritten in California by 21st Century Casualty Company, is available for both Toyota and non-Toyota vehicles in a customer’s household. n addition to California, Toyota Auto Insurance is also available in Arizona, Illinois, Indiana, Missouri, Ohio, Tennessee, South Carolina, and Texas. Additional states will be added in the coming months. Toyota Auto Insurance customers benefit from more than 90 years of insurance insights, knowledge, and award-winning claims support – all provided by Toggle, part of Farmers Insurance®. Read More

Rally de Portugal

TOYOTA GAZOO Racing World Rally Team is preparing to enter a crucial run of gravel events as the closely-contested 2023 season continues at the popular Rally de Portugal on May 11-14. Portugal marks the first of seven consecutive events on gravel, a sequence that will stretch through to the start of October and pose a wide variety of challenges for the teams and drivers. TGR-WRT drivers head up a close championship battle after four rounds: following his win last time out on the asphalt roads of Croatia, Elfyn Evans is tied on points at the top of the table with Sébastien Ogier (who does not include Portugal in his programme of selected events this year) while Kalle Rovanperä is just one point behind them. The top five are covered by only 11 points. TGR-WRT has a strong recent record in Portugal, winning the last three editions, with Evans and then Rovanperä victorious in each of the last two years. For the second time this season, Takamoto Katsuta steps up to join them in the main TGR-WRT line-up and compete for manufacturers’ championship points on a rally where he has also performed strongly before. Read More

Oil and Gas BlendsUnitsOil Price $change
Crude Oil (WTI)USD/bbl$72.82Up
Crude Oil (Brent)USD/bbl$76.69Up
Bonny LightUSD/bbl$74.63Up
Saharan BlendUSD/bbl$74.77Up
Natural GasUSD/MMBtu$2.22Up
OPEC basket 04/05/23USD/bbl$73.26Down
At press time 05 May 2023
class=Oil and Gas News Undiluted !!! �The squeaky wheel gets the oil�

A group of Neste’s inventors have been nominated as finalists in the European Inventor Award 2023 for their work on “Converting waste and residues into high-quality renewable solutions”. The annual award honors individuals and teams that have come up with solutions to some of the biggest challenges of our time. The finalists have been selected from over 600 candidates by an independent international jury. The winners of the European Inventor Award 2023 will be announced on 4 July 2023.

The inventors selected to represent Neste’s innovators are Pia Bergström, Senior Specialist, Feedstock; Annika Malm, Senior Associate; Jukka Myllyoja, R&D Fellow; Jukka-Pekka Pasanen, Senior Associate; and Blanka Toukoniitty, Technical Support Lead, Feedstock growth. They have been involved in the innovation work and related patents to convert low-quality waste and residues into high-quality renewable solutions.

Read More

Baker Hughes Rig Count
International Rig Count is up 17 rigs from last month to 947 with land rigs up 18 to 720, offshore rigs down 1 to 227
U.S. Rig Count is down 7 from last week to 748 with oil rigs down 3 to 588, gas rigs down 4 to 157 and miscellaneous rigs unchanged at 3.
Canada Rig Count Unchanged at 93, with oil rigs at 36, gas rigs at 57.

RegionPeriodRig Count Change
U.S.A05 May 2023748-7
Canada05 May 202393
InternationalApril 2023947+17
Rig Count Overview & Summary Count


Oil and Gas News Undiluted !!! �The squeaky wheel gets the oil�

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

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