Top Energy/Automotive News As Reported; Crude oil prices rose for a third consecutive day
London, 25 May, 2023, (Oilandgaspress) : Tata Group, the parent company of Jaguar Land Rover, appears to have decided against Spain as the UK is set to win a major battery plant for electric vehicles. The boss of Jaguar Land Rover-owner Tata (TATAMOTORS.BO) is expected to fly to London next week to finalise the deal, the BBC reported. The proposed factory would be located at the Gravity business park, a 635-acre “smart campus” currently under construction near the M5 motorway at Puriton. The gigafactory could potentially create up to 9,000 jobs. Read More
A consortium comprising Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), and Jurong Engineering Limited (JEL) has been awarded an Engineering, Procurement and Construction (EPC) contract to develop a new 600MW hydrogen-ready combined cycle power plant (CCPP) for Sembcorp Industries’ (Sembcorp) fully owned subsidiary Sembcorp Cogen Pte Ltd. The plant is expected to be operational by 2026. Read More
JLR has marked the first anniversary of its Open Innovation programme by announcing the expansion of its global presence, into Israel and Silicon Valley, U.S.A. after successful growth of ecosystems in the UK and Brazil.
In the past year, the Open Innovation programme has engaged with over 600 start-ups globally, resulting in 27 co-creation projects. Meanwhile, InMotion Ventures, JLR’s corporate venture capital arm, and an essential part of the company’s Open Innovation ecosystem, has invested in seven companies focused on providing more sustainable products and services. Two examples of Open Innovation’s success to date have come from Latin America, where during the year two new mobility subscription services were launched in Brazil: Jaguar On Demand, a short-term rental service for Jaguar I-PACE, and Subscription, a vehicle leasing service. Jaguar On Demand was created in collaboration with start-up UCorp. Initially launched for the São Paulo area, the offer will be expanded to other regional capitals in Brazil throughout 2023. Subscription was designed in partnership with Movida, a Brazilian vehicle rental specialist and offers leasing options up to 36 months on over 250 vehicles from the Range Rover, Defender, Discovery and Jaguar brands. This emerging portfolio of new mobility services mirrors JLR’s success with Pivotal and The Out, which are providing UK clients with new ways of accessing vehicles through subscriptions and rental services. Both services have been developed by InMotion Ventures Studio, JLR’s own incubator. Read More
Mitsubishi Power to Develop Hydrogen-Ready Power Plant for Sembcorp Industries
This week a successful capacity test has been performed confirming that the field can produce up to 755,000 barrels of oil per day. During a capacity test at Johan Sverdrup, the field reached a record-high production level of 755,000 barrels of oil per day.
This equals six to seven percent of the daily European oil consumption.
“This process capacity test at Johan Sverdrup confirms technically very robust facilities and was safely performed with no unwanted incidents. This is an important milestone, and the result of systematic and targeted efforts, says Marianne Bjelland, vice president Exploration and Production for Johan Sverdrup in Equinor.
Equinor and partners Aker BP, Petoro and TotalEnergies aim to maintain production levels of oil from the field up towards this level going forward.
In addition, Johan Sverdrup produces 31,500 barrels of oil equivalents of gas per day. Read More
Mitsubishi Shipbuilding Completes Delivery of Ammonia Fuel Supply System
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has completed delivery of an ammonia fuel supply system for large, low-speed two stroke marine engines, to Japan Engine Corporation (J-ENG), a manufacturer of marine engines based in Akashi City, Hyogo Prefecture.
J-ENG is currently conducting tests of ammonia fuel under various conditions utilizing an experimental, large-scale, low-speed two stroke marine engine located at the MHI Research & Innovation Center, Nagasaki District in Japan. The ammonia fuel supply system supplied by Mitsubishi Shipbuilding has been installed at the Nagasaki District facility, and supplies the ammonia fuel used to conduct the tests.
Ammonia, which emits no CO2 when combusted, is attracting attention as a fuel that contributes significantly to the reduction of GHG (greenhouse gas) emissions in the maritime industry, and is expected to be utilized as a stable clean energy in the future. Mitsubishi Shipbuilding aims to contribute to reducing GHG emissions in the maritime industry by manufacturing and supplying ammonia fuel supply systems for ships.
Going forward, according to MHI Group’s strategy of advancement of the energy transition, Mitsubishi Shipbuilding will strive to promote decarbonization of the maritime industry as well as to contribute to realizing a carbon-neutral society and reduction of environmental load on a global scale, by utilizing its technologies and expertise in ammonia handling accumulated through its long experience in building multi-gas carriers for transporting LPG and ammonia. Read More
Joint Study for Development of an Ocean-Going LCO2 Carrier
Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group and Nihon Shipyard Co., Ltd., a Tokyo-based joint venture for ship design and sales between Imabari Shipbuilding Co., Ltd. and Japan Marine United Corporation have started joint study for the development of an ocean-going liquified CO2 (LCO2) carrier. Nihon Shipyard is pursuing this project with the aim of completing construction of the vessel from 2027 onwards.
Demand for LCO2 carriers is expected to grow in the future as a means to transport large volumes of CO2 safely for CCS (Carbon dioxide Capture and Storage) projects, in which captured CO2 is stably stored underground. Following the lead of the EU region, it is expected that CCS projects in Asia will be accelerated by the promotion of national governments, it will be essential to establish a shipbuilding framework in Japan to meet the demand for LCO2 carriers.
This project will take advantage of the knowledge and advanced gas handling technology that Mitsubishi Shipbuilding has acquired in designing and constructing liquified gas carriers (liquified petroleum gas (LPG) and liquified natural gas (LNG) carriers), as well as the wealth of shipbuilding experience for various type of vessels and advanced technology capabilities that Nihon Shipyard has accumulated over the years, as strengths that can be mutually supplemented.
MHI Group is pursuing strategic measures to strengthen its business for the energy transition. For its role in this initiative, in addition to conventional shipbuilding centered on manufacturing, Mitsubishi Shipbuilding aims to utilize its marine engineering technologies rooted in shipbuilding to contribute to the development of the maritime industry in Japan and around the world. This project is a part of that effort. Through collaboration with multiple Japanese shipping companies and domestic/overseas energy companies, along with the construction of demonstration ship for transport of LCO2, Mitsubishi Shipbuilding is actively pursuing the development of LCO2 carriers and commercialization of LCO2 shipping. Read More
Car ownership under threat in UK
New research suggests that 6.4 million Britons are planning to move away from car ownership and transition to more sustainable transport options in the next five years. This comes as the cost of living crisis has forced most motoring costs higher, including the price of fuel and the cost of charging an electric car.The data, from Swytch, revealed that over nine million Britons have already stopped using their vehicles for short journeys. Read More
Petrobras on Bahia Terra Production
Petrobras, in continuity with previous announcements informs that it obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) to resume production from eight more facilities of the Bahia Terra Pole (Itariri River Collector Station, Jandaia Collection Station, Fazenda Imbé Compressor Station, Taquipe Compressor Station, Lamarão Non-Associated Gas Station, Carmo Oil Treatment Station, Rio da Serra Collection Station, and Fazenda Imbé Collection Station). The company started the execution of operational procedures required for the safe return of the production process of these facilities, and all 38 facilities that make up the Bahia Terra Pole have already been released for operation, which will allow the resumption of 100% of the total production of the Pole. Petrobras acted in a dedicated and diligent manner to fully comply with the conditions set by the ANP, reinforcing its commitment to operational safety in all its activities. Material facts will be communicated to the market in due course. Read More
Longer lorries on UK roads
UK Government has laid out legislation to safely roll out longer lorries, potentially up to 18.55 metres on roads in Great Britain. Longer lorries will be introduced to Great Britain’s (GB’s) roads to support the government’s priority to grow the economy, boost productivity, slash road emissions and support supply chains. Legislation was laid on 10 May 2023 to safely roll out the vehicles on roads from 31 May. The longer lorries will be able to transport fast-moving consumer goods and retail products, as well as waste packaging, parcels and pallets. These new lorries will move the same volume of goods, but will use 8% fewer journeys than current trailers. This will generate an expected £1.4 billion in economic benefits and take one standard-size trailer off the road for every 12 trips. As part of efforts to grow the economy and cut emissions, government is changing regulations to allow longer trailers on GB roads, which it estimates will save 70,000 tonnes of carbon dioxide from being released into the atmosphere. These longer trailers, known as longer semi-trailers (LST) measure up to 2.05 metres longer than a standard semi-trailer and can be towed by a lorry. The move follows an 11-year trial to ensure LSTs are used safely on roads, and operators will be encouraged to put extra safety checks and training in place. The trial demonstrated that LSTs were involved in around 61% fewer personal injury collisions than conventional lorries. Read More
Neste and World Fuel Services expand the availability of Neste MY Sustainable Aviation Fuel for commercial, business and general aviation customers to over 40 European airports . Neste and World Fuel Services (World Fuel) are significantly expanding the availability of Neste MY Sustainable Aviation Fuel™ in Europe, building on World Fuel’s extensive network and customer base and Neste’s well-established production and supply chain capabilities. The expansion provides World Fuel with greater access to sustainable aviation fuel (SAF) for European commercial, business and general aviation customers and contributes to further reducing carbon emissions in the aviation industry and responding to increasing demand for SAF. With greater volumes of SAF from Neste, World Fuel is increasing the number of European airports they can supply with SAF from 13 to over 40. This collaboration between the two global leaders in the aviation industry also paves the way for expanding the accessibility of SAF to more than 100 airport locations presently in World Fuel’s European network. Read More
McDermott Awarded PMC Contract From IOCL
McDermott has been awarded a project management consultancy (PMC) contract from India Oil Corporation Limited (IOCL) for the Maleic Anhydride (MAH) unit at the Panipat Refinery and Petrochemical Complex, located 62 miles (100 kilometers) from New Delhi, India. McDermott’s scope includes project management and consultancy services for the unit, including front-end engineering design (FEED), review of engineering activities, construction supervision services, assistance in start-up, pre-commissioning, commissioning, performance guarantee test run and project closure.This is India’s first mega-scale MAH plant to manufacture chemical products. MAH is used to make specialty products like polyester resins, surface coating plasticizers, agrochemicals and lubricant additives. Read More
TotalEnergies and Colorado State University collaborate on methane measurement technologies
As part of its commitment to identify, quantify and reduce methane emissions linked to its operations, TotalEnergies is partnering with Colorado State University to develop an international protocol for the qualification of methane emissions measurements. As part of the Global Methane Pledge, the US Department of Energy (DOE) and the European Commission’s Directorate-General for Energy (DG-ENER) recognized the excellence and relevance of the Transverse Anomaly Detection Initiatives (TADI) developed by TotalEnergies’ Pôle d’Etudes et de Recherche de Lacq in France and the Methane Emission Technology Evaluation Center (METEC) of Colorado State University in the US, in order to become world references for the qualification of methane emission quantification technologies.
Such a transatlantic initiative is needed because there currently exists no agreement on how to validate methane emissions measurement methods, which is indispensable to compare reported emissions regardless of technology. TotalEnergies and Colorado State University will collaborate using their platforms for this scientific partnership to: develop protocols to certify the accuracy, detection limits, and operational restrictions of the measurement methods used for methane accounting develop a method for estimating annual methane measurements from point measurements. Read More
Windar gets contract for East Anglia 3 offshore wind farm in UK
Iberdrola has signed an agreement with Windar Renovables to build 95 transition pieces for the East Anglia Three offshore wind farm in UK waters. This is the largest order of this type of foundations to date and production will be carried out mainly at the Asturian company’s facilities located in Avilés, in addition to the collaboration of a large number of Spanish suppliers in the manufacture of the secondary structure, which will be integrated at the Port of Avilés, prior to its shipment to the United Kingdom.The manufacture of the 95 pieces will require more than 2,000,000 work hours over 23 months and will generate 400 jobs. Production will begin next June and each of these elements will have a maximum height of 20 metres, a diameter of 8 metres and a weight of 300 tonnes.East Anglia Three, which will be located off the Norfolk coast and will have a capacity of 1,400 megawatts (MW), enough to supply 1.3 million homes with clean energy once it is commissioned in 2026.East Anglia Three will be part of the East Anglia complex, which currently has 714 MW of power already installed, with which it is possible to supply 630,000 British homes, and for which Windar has previously built 42 jackets and 126 pin piles. Read More
Green financing for Iberdrola’s renewable projects in emerging countries such as Poland
Iberdrola and the International Finance Corporation (IFC), part of the World Bank Group, are joining forces to foster energy transition in emerging countries. The two institutions today launched a partnership to support clean energy and decarbonisation in a number of developing countries. The agreement is structured in three pillars. First, IFC will provide Iberdrola with a green and sustainability-linked loan of $150 million – approximately €138 million – to finance digitalization and energy efficiency improvements in the electricity distribution networks operated by Iberdrola’s subsidiary in Brazil, Neoenergia. This is IFC’s second loan to Neoenergia, following the $115 million sustainable loan in 2022. Second, Iberdrola and IFC are exploring another green loan, linked to sustainability indicators, for the development of renewable energy projects in emerging countries such as Poland, Morocco and Vietnam. Thirdly, both institutions are analyzing options for collaboration to support the development of new innovative clean energy projects in emerging countries, such as offshore wind generation and green hydrogen. Read More
| Oil and Gas Blends | Units | Oil Price $ | change |
| Crude Oil (WTI) | USD/bbl | $74.08 | Up |
| Crude Oil (Brent) | USD/bbl | $78.18 | Up |
| Bonny Light | USD/bbl | $77.34 | Up |
| Saharan Blend | USD/bbl | $78.07 | Up |
| Natural Gas | USD/MMBtu | $2.39 | Up |
| OPEC basket 24/05/23 | USD/bbl | $77.49 | Up |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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