Oilandgaspress News Roundup; January 09, 2025, Latest
London, January 09, 2025 (Oilandgaspress) –-Europe bought a record amount of liquefied natural gas from Russia last year, data shows. Ships carrying 17.8m tonnes of ultra-cold Russian gas docked in European ports in 2024, up by more than 2m tonnes from the year before, according to analysts Rystad Energy. Oil and gas will remain crucial to the global energy mix for the foreseeable future despite the growth of renewables. Oil demand is expected to peak within the next decade, but projections indicate that more than half of today’s oil consumption – of around 105 million barrels per day – will persist until 2050.
Telecoms giant BT has announced a huge order for thousands of new electric vehicles.
The company said the 3,500 new vehicles is the UK’s largest ever commercial electric vehicle fleet order, which will support the upgrade of broadband and mobile networks. BT Group said the move will mean it has the largest fleet of electric vehicles (EVs) in the UK, with nearly 8,000 by the time the company’s latest order is complete in 2026. Read More
Nordex Group receives orders for 50 MW in Germany from wpd
wpd, one of the world’s leading developers and operators (IRPP) of wind and solar farms, ordered nine Delta4000 series turbines from the Nordex Group for three projects in Germany. The orders also include the premium service for the maintenance of the systems over 20 years. The orders from Nordex’s long-standing customer include a N149/4.X turbine for the Kalletal wind farm in North Rhine-Westphalia, four N149/5.X turbines for the Diepholzer Bruch wind farm in Lower Saxony and four N149/5.X turbines for the Gnutz wind farm in Schleswig-Holstein. The turbines for the projects will be delivered and installed in 2025.
In the past, the two companies have already worked together successfully to implement renewable energy projects not only in Germany, but also in France, Sweden and Finland. “We are pleased to continue our successful cooperation with wpd and to have once again received orders for 50 MW in Germany from our long-standing customer. They are a vote of confidence in Nordex’s turbine technology and in our teams in the field,” says Felipe Villalon Waldburg-Zeil, Director Sales Region Central of the Nordex Group.
“We are delighted to be able to continue to build on the good cooperation with Nordex,” says Dr. Hartmut Brösamle, Managing Director of wpd GmbH. “In our important German home market, we are increasingly feeling the positive effects of the political decisions and will continue to work with Nordex to advance important projects that will help us achieve our national climate targets.” Read More
DenkerWulf, one of Germany’s leading onshore wind farm developers, ordered 25 Delta4000 series turbines from the Nordex Group for seven projects. The orders also include the premium service for the maintenance of the systems over 20 years.
The wind farms Dörphof-Thumby, Owschlag, Hohenaspe, Ottenbüttel, Galmsbüll-Norderhof, Quarnbek-Erweiterung and Bimöhlen-Hasenmoor are all being built in Schleswig-Holstein. From the beginning of 2026, the Nordex Group will supply and install eight N163/6.X turbines, twelve N149/5.X turbines and five N133/4800 turbines for the projects.
“This extremely impressive order volume underlines how well-rehearsed and successful the cooperation with Nordex is,” says DenkerWulf CEO Torsten Levsen. “This once again makes it clear that our demand for efficiency is not limited to technological topics but includes a functioning partnership.”
Karsten Brüggemann, Vice President Region Central of the Nordex Group: “Eleven orders for 200 MW in 2024 alone are proof that in DenkerWulf we have a long-standing customer who repeatedly trusts our versatile turbine technology. As a reliable partner, DenkerWulf always brings their projects to the point where they are ready for construction as announced – this ensures us as a manufacturer very good predictability, so to speak. We are very much looking forward to the new joint projects.”. Read More
UKA (Umweltgerechte Kraftanlagen GmbH & Co. KG) ordered 80 turbines from the Delta4000 series from the Nordex Group for a total of 540 MW. The Nordex Group received orders for various turbines for 15 UKA wind energy projects in six German states – 64 turbines for its latest turbine type N175/6.X alone. The orders also include thirteen N163/6.X turbines and three N149/5.X turbines. Nordex will also be responsible for the service of all turbines for 20 years after the wind farms go into operation in 2026 based on a Premium Service contract.
One of the largest orders was placed with nine N175/6.X turbines and three N149/5.X turbines for the 78 MW Herzberg-Granzin wind farm in Mecklenburg-Western Pomerania.
The Nordex Group will install all N175/6.X turbines on concrete hybrid towers developed in-house with a hub height of 179 metres.
The orders are part of a framework agreement between UKA and the Nordex Group that was extended in November 2023. Read More
The future of National Oil Companies will be shaped by how successfully they navigate the complex interplay of maintaining traditional energy production while embracing renewable alternatives. The balance of meeting current oil demand and preparing for a cleaner, more sustainable energy future will define their long-term success. For 2025, the challenge for NOCs will be clear: how can they navigate the uncertainties of today while building a foundation for a sustainable, competitive future? Their ability to adapt, innovate and lead will determine not just their long-term success, but the future of global energy security itself. NOCs currently dominate the global oil and gas sector, accounting for 50% of the world’s oil and gas production. These organizations control some of the most competitive oil and gas reserves in the world, providing them with a distinct advantage in an increasingly volatile energy market. Read More
(Reuters) – Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India’s largest field off its west coast, under a decade-long contract, according to block operator Oil and Natural Gas Corp on Thursday.
ONGC named BP as its technical service provider on Wednesday to assist in boosting output from a baseline crude production of 45.47 million metric tons and 70.40 billion cubic metres (BCM) of gas. Read More
Siemens Mobility GmbH said on Thursday that it has won a major order from Britain’s HS2 high-speed rail project.
Siemens Mobility, a division of Siemens, announced that it has secured four contracts worth €670 million ($690.5 million) from HS2 Ltd for key infrastructure and long-term maintenance..Siemens Mobility will also join key contractors under the Rail Systems Alliance, it said.
The contracts, which also include a long-term maintenance deal and potentially additional options, are expected to commence in 2025.
The company will play a role in the delivery and operation of the new 225-kilometre-long British high-speed railway that will connect London and the West Midlands. Siemens Mobility will implement wayside automatic train operations over the European Train Control System Level 2 on a high-speed network, enabling semi-automatic train operations for improved capacity, punctuality and energy efficiency, it said. Read More
Nose Design Experience (NDE) has been chosen to develop and design a set of new trains for Saudi Arabia Railways (SAR). The units are planned to be utilised as part of SAR’s new East train fleet, which will connect Riyadh with the coastal city of Dammam and King Abdul Azis Port.As part of an order with Stadler AG for the initial delivery of 10 passenger trains, Nose Design Experience will be responsible for the complete interior and exterior design of the new units, all of which will be developed in line with technical constraints and compliance standards.
SAR has also reserved the option for an additional 10 trainsets from Stadler AG. In order to deliver the project, NDE will work closely with Stadler’s main engineering team in Bussnang, Switzerland. Read More
.On 29 December, the CR450 train model was officially unveiled in Beijing, introducing what is now recognised as the world’s fastest high-speed train. The CR450 models have been manufactured by CRRC to be operated by China Railway High-speed (CRH). The CR450 trains reached a maximum speed of 453 km/h during testing and are designed to operate commercially at 400 km/h. This is a notable increase from the CR400 Fuxing high-speed train, which currently operates at a maximum speed of 350 km/h.
The increased speed is achieved through improvements in traction systems, lightweight materials, and optimised aerodynamic structures.
Key technical enhancements include advanced noise reduction technology, enhanced vibration damping systems, and intelligent monitoring systems for real-time operation analysis.
The trains are equipped with next-generation braking systems to ensure safety at higher speeds and energy-efficient propulsion systems to minimise environmental impact.
The CR450 series includes two models with distinct design features. The CR450AF has a streamlined, arrowhead-shaped front optimised for aerodynamic efficiency, reducing wind resistance at high speeds. Read More
Tata Motors shares fell 3.2% to an intra-day low of Rs 769.45. The stock was among the major losers in the Nifty 50 on January 09. The drop in share price came after its subsidiary Jaguar and Land Rover (JLR) reported a fall of 3% in retail sales at 106,334 units in the October to December quarter of FY25. However, the company reported an increase of 3% in wholesale sales in the same period. The wholesale units sold for the quarter under review stood at 104,427. Sequentially, the wholesale volumes were up 20% compared to Q2.
Tata Motors’s total commercial vehicle sales in Q3 FY25 stood at 95,770 units, down 1% on year and passenger vehicle sales at 139,829 units, up 1% year-over-year..During the last quarter, the company’s standalone net profit fell 62.4% year-on-year to Rs 477 crore in Q2 FY25 from Rs 1,270 crore in Q2 FY24. Revenue from operations decreased 16.3% on-year to Rs 15,518 crore in the second quarter of FY25 from Rs 18,542 crore in Q2 FY24. The de-merger-bound Tata Motors’ fall in revenue and profit was affected by slow consumer demand and seasonal factors, said the company in the earnings release. Read More
Subsea 7 S.A. announced the award of a contract by Equinor for a front-end engineering and design (FEED) study with EPCI1 option for the Fram Sør development project, offshore Norway.
The study will finalise the technical definition of the proposed subsea development prior to Equinor and its partners making the final investment decision. Work will begin immediately in our offices in Norway and UK.
If the EPCI option is exercised, any resulting subsea structures, umbilicals, risers and flowlines (SURF) installation scope would be a direct, substantial2 award to Subsea7. Offshore installation activities associated with this contract would be scheduled for 2026, 2027 and 2028.
The Fram Sør area is located 10-30 kilometres north of the Equinor-operated Troll C platform, approximately 70 kilometres north-west of Bergen. The development will be connected to the existing Fram and Troll C infrastructure. Read More
Tata Motors Group global wholesales in Q3 FY25, including Jaguar Land Rover** were at 341,791 nos., higher by 1%, as compared to Q3 FY24.
Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q3 FY25 were at 97,535 nos., lower by 1%, over Q3 FY24.
Global wholesales of Tata Motors passenger vehicles* in Q3 FY25 were at 139,829 nos., higher by 1% as compared to Q3 FY24.
Global wholesales for Jaguar Land Rover** were 104,427 vehicles, higher by 3% as compared to Q3 FY24. Jaguar wholesales for the quarter were 5,604 vehicles, while Land Rover wholesales for the quarter were 98,823 vehicles. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $73.79 | Down |
| Crude Oil (Brent) | USD/bbl | $76.66 | Down |
| Bonny Light 06/01/25 CBN | USD/bbl | $77.17 | Down |
| Dubai | USD/bbl | $76.99 | Up |
| Natural Gas | USD/MMBtu | $3.72 | Up |
| Murban Crude | USD/bbl | $76.95 | Down |
| OPEC basket 08/01/25 | USD/bbl | $76.93 | Up |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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