Oil and gas press monitor. OPEC daily basket price at US$75.71/bl
London, 22 May, 2023, (Oilandgaspress) : IEA reportedly stated that new G7 Price Cap Pledge on Russian oil exports is unlikely to Impact the oil markets.
Equinor (OSE: EQNR, NYSE: EQNR) announced on 8 February 2023 an ordinary dividend per share of USD 0.30 and an extraordinary dividend per share of USD 0.60 for fourth quarter 2022. The NOK dividend per share is based on average USDNOK fixing rate from Norges Bank in the period plus/minus three business days from record date 12 May 2023, in total seven business days. Average Norges Bank fixing rate for this period was 10.6392. Total cash dividend for fourth quarter 2022 of USD 0.90 per share is consequently NOK 9.5753 per share. On 25 May 2023, dividend will be paid to shareholders on Oslo Børs (Oslo Stock Exchange) and to holders of American Depositary Receipts (“ADRs”) on New York Stock Exchange. Read More
Volvo receives record order for up to 1,000 electric trucks
Volvo Trucks has signed a letter of intent to sell 1,000 electric trucks between now and 2030 to Holcim, one of the world’s largest building solution providers. The deal is the largest commercial order to date for Volvo electric trucks, and the first 130 trucks will be delivered in 2023 and 2024. Holcim is a global manufacturer of building solutions, with headquarters in Switzerland. Now, the company and its contractors have, with Volvo Trucks, agreed to plan for the deployment of 1,000 electric Volvo trucks across Holcim’s operations in Europe between now and 2030.
The first 130 electric Volvo FH and Volvo FM trucks will be delivered to markets including France, Germany, Switzerland and the UK during the fourth quarter of 2023 and throughout 2024.
The agreement is a result of a wider partnership between Holcim and Volvo Group. Read More
| Oil and Gas Blends | Units | Oil Price $ | change |
| Crude Oil (WTI) | USD/bbl | $71.01 | Down |
| Crude Oil (Brent) | USD/bbl | $75.10 | Down |
| Bonny Light | USD/bbl | $74.90 | –n |
| Saharan Blend | USD/bbl | $75.61 | — |
| Natural Gas | USD/MMBtu | $2.56 | Down |
| OPEC basket 19/05/23 | USD/bbl | $75.71 | Down |
Odfjell SE: Capital Markets Day presentation
Odfjell SE is hosting its annual Capital Markets Day today at 10:00am.
Agenda:
• Strategy update by CEO, Harald Fotland
• Market update by VP Corporate Analysis & IR, Nils Jørgen Selvik
• Finance update by CFO, Terje Iversen
• Decarbonizing Odfjell by VP Technology, Erik Hjortland
• Odfjell Tankers by CCO, Bjørn Hammer
• Odfjell Terminals by MD Odfjell Terminals, Adrian Lenning
• Closing remarks and Q&A . Read More
Baker Hughes Rig Count: U.S. Rig Count down 11 to 720,Canada Rig Count down 9 to 85
U.S. Rig Count is down 11 from last week to 720 with oil rigs down 11 to 575, gas rigs unchanged at 141 and miscellaneous rigs unchanged at 4.
Canada Rig Count is down 9 from last week to 85, with oil rigs up 2 to 39, gas rigs down 11 to 46.
| Region | Period | Rig Count | Change from Prior |
| U.S.A | 19 May 2023 | 720 | -11 |
| Canada | 19 May 2023 | 85 | -9 |
| International | April 2023 | 947 | +17 |
Lexus to Unveil the All-New LBX on June 5th, 2023
Lexus will debut the journey of the all-new LBX on June 5th, 2023 from Milan, Italy.
In anticipation of the premiere, today Lexus is releasing a sneak peek of this new model.
Press materials will be available Monday, June 5th. Read More
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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