Top Energy/Automotive News As Reported; OPEC basket of thirteen crudes stood at $75.47 a barrel
London, 07 June, 2023, (Oilandgaspress) : Saudi Arabia’s attempt to shock oil markets and push oil prices higher is widely reported to have backfired, with oil prices falling. WTI for July delivery dropped 41 cents to settle at $71.74 a barrel in New York.
Brent for August settlement dropped 42 cents to $76.29 a barrel.
Liquid Hydrogen Corolla’s World-First 24-Hour Challenge
In a world first, a liquid hydrogen-powered Corolla ran a 24-hour endurance race, capping off a long process of trial and error.After completing a grueling 24-hour race on May 28, 2023 the Corolla and its driver, Morizo, were greeted by thunderous applause. Never before had a car running on liquid hydrogen competed in racing. Even with a scheduled pitstop to replace the hydrogen pump, Morizo and his four teammates (Hiroaki Ishiura, Masahiro Sasaki, Yasuhiro Ogura, and Jari-Matti Latvala) completed 358 laps, totaling some 1,634 km. Read More
Mitsubishi Heavy Industries, Ltd. (MHI) and Malaysia’s largest power producer, TNB Power Generation Sdn. Bhd. (TNB Genco), signed a Memorandum of Understanding (MoU) to study and exchange information related to clean energy technologies. The MoU will help drive the energy transition in Malaysia and support its goal of achieving carbon neutrality by 2050. Under the MoU, MHI with support from its power solutions brand, Mitsubishi Power, and TNB Genco will conduct studies that examine three key areas related to clean power generation. These include the hydrogen and ammonia value chain in relation to hydrogen production and supply, logistics, storage and related infrastructure; low carbon fuel co-combustion technology in thermal plants; and CO2 capture. The partners will also mutually share experiences and information on the specified areas within the MoU. Read More
Routes to lower aviation emissions
Ross Mitchell, Vice President of Strategy and Business Development at Mitsubishi Heavy Industries (MHI) Group company MHI RJ Aviation Group (MHIRJ), echoes the positive stance of IATA, saying “there are plenty of reasons to be optimistic about 2023”. MHIRJ provides support services for the aircraft industry, and for Mitchell, the first signs of a return to growth are often found at the supply base, by looking at changing trends in manufacturing and service provision. Aircraft makers Airbus and Boeing saw rising orders in 2022, after reductions in 2020-21. MHI has also seen rising demand for its short- and medium-range engine components for commercial aircraft, leading to a decision in early 2022 to expand its aero engines plant in Nagasaki. Elsewhere in Japan, it also expanded capacity at its aero engine maintenance shop in Komaki City in March 2023, in response to rising global demand for maintenance, repair and overhaul (MRO) services. While advances in manufacturing will play a role in guiding aviation toward net zero by 2050, no single technological innovation can secure the success of the sector in reducing emissions, according to Hiroyuki Tanaka, an aviation expert at MHI. Instead, a combination of aircraft, engine and operational efficiencies, sustainable aviation fuel (SAF), carbon offsets, hydrogen and electrification will all be part of the solution. Read More
Codelco and BHP sign innovation agreement
Two of the largest mining companies in the world join forces with the objective of exchanging information in areas of mutual interest, such as the electrification of mining activities, the supply of desalinated water, the stability and monitoring of tailings deposits, and the development of technologies for the decarbonisation of processes, among others. For the first time in their history, BHP and the Chilean state-owned Codelco signed a collaboration agreement that will focus on the accumulated experience of both companies in innovation projects focused on strengthening the sustainability of its operations. Read More
BHP and Microsoft use AI to lift Escondida copper recovery
A new collaboration between BHP and Microsoft has used artificial intelligence and machine learning with the aim of improving copper recovery at the world’s largest copper mine. The use of new digital technology to optimise concentrator performance at BHP’s Escondida operation in Chile is expected to improve copper recovery.BHP Chief Technical Officer Laura Tyler said by augmenting new digital technology capabilities with new ways of working, the team at Escondida is well-positioned to generate more value from an existing resource. Read More
Mitsubishi Shipbuilding to Launch Technical Studies on Ammonia Fuel Supply System
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has agreed to undertake technical studies on an ammonia fuel supply system for large, low-speed two-stroke marine engines under development by Winterthur Gas & Diesel AG (WinGD), a Swiss designer of large marine engines. The signing ceremony of the memorandum of understanding (MOU) was held at WinGD Headquarters in Switzerland on June 2.The newly concluded MOU reflects both companies desire to contribute to the achievement of the International Maritime Organization’s (IMO) decarbonization target in the maritime industry’s greenhouse gas (GHG) emissions. WinGD is currently developing ammonia-fueled large, low-speed two-stroke marine engines dubbed type “X-DF-A.” Mitsubishi Shipbuilding will now work with WinGD in studying the technologies for developing and commercializing the ammonia fuel supply system for the X-DF-A engines.Ammonia, which emits no CO2 when combusted, is garnering attention today as a fuel that contributes significantly to the reduction of GHG emissions in the maritime industry, and it is expected to be utilized as a stable, clean energy in the future. Going forward, Mitsubishi Shipbuilding, aligning with MHI Group’s strategy of advancement of the energy transition, will apply its technologies and expertise in ammonia handling accumulated through its long history of building transport carriers. As a maritime system integrator, the Company will promote decarbonization of the maritime industry and pursue a low-carbon society, contributing to reduction of environmental impact on a global scale. Read More
Kent Awarded FEED Contract
Kent, a leading engineering company in the energy, renewables and low-carbon industries, has been appointed as the Front-End Engineering Design (FEED) contractor for Grenian Hydrogen’s six electrolytic hydrogen projects. Under the UK Government Department for Energy Security and Net Zero (DESNZ) Net Zero Hydrogen Fund and Hydrogen Business model, Grenian Hydrogen, a joint venture between Progressive Energy, Statkraft and Foresight, have been awarded funding to further develop six green hydrogen projects within the HyNet cluster in North-West England and North Wales. Kent was awarded a single FEED study in April 2023 to cover all six sites to develop the projects to an AACE class 3 estimate such that related final investment decisions can be made to progress each of the projects to execution. The projects will all incorporate PEM electrolysers with Kent as the FEED contractor incorporating the OEM technology design into complete hydrogen production, storage, and delivery facilities.The projects, ranging from 10MW to 30MW green hydrogen production for 100% fuel switching or blending, will be co-located at six different sites, the Protos Energy Park and at large manufacturing plants in St Helens, Stretford, Middlewich and Winnington.Matt Wills, Kent Market Director Low Carbon, commented: “The DESNZ funding requirements impose a strict budget and tight timescale, but Kent will achieve all the project requirements utilising our inhouse hydrogen technology expertise built up over decades of early design and FEED work on Hydrogen developments, including HyNet. We are delighted to be working with the Grenian Hydrogen team to develop a standardised design and layout that offers cost savings through replicability for the portfolio of projects. This cluster of projects is a huge step forward for the future viability of green hydrogen, and we are proud to play our part.” Read More
TotalEnergies Steps up Sustainable Aviation Fuel Production
TotalEnergies is stepping up production of sustainable aviation fuel (SAF) and low carbon energies of its Grandpuits site. These investments reflect the Company’s ambition to develop low carbon energies and the circular economy, and consist of:
The doubling of SAF production at Grandpuits, bringing the site’s annual production capacity to 285,000 tons, i.e. more than double the capacity announced in 2020. This new investment responds to the gradual increase in minimum SAF shares mandated by the EU, and set at 6% for 2030. The development of low carbon energies at the Grandpuits zero-crude platform, with the construction of a biomethane production unit with annual capacity of 80 gigawatthours (GWh), equivalent to the annual demand of 16,000 people. It will be supplied with organic waste from the biorefinery, and will prevent the emission of almost 20,000 tons of CO2 every year. The unit strengthens TotalEnergies’ position as leader in biogas production in France.
“The zero-crude platform at Grandpuits will be a major French site for the production of sustainable aviation fuel, which is the most effective solution for immediately cutting CO2 emissions from air transport. These new projects further strengthen the site’s conversion, toward sustainability, decarbonization and the circular economy,” said Bernard Pinatel, President, Refining & Chemicals at TotalEnergies. The Company has also noted the decision taken by its partner Corbion not to pursue the bioplastic production project, which will now be discontinued. In the light of the new investments announced today and others to come, TotalEnergies confirms the maintenance of 250 jobs at the site, in line with the commitments it made in September 2020. Read More
Masdar consortium closes deal for $10bln wind project in Egypt
Abu Dhabi Future Energy Company PJSC – Masdar, along with Infinity Power, Africa’s largest renewable energy developer, and Hassan Allam Utilities, a sustainable infrastructure focused investment platform, signed an agreement with Egypt’s New and Renewable Energy Authority to secure land to build a 10-gigawatt (GW) capacity onshore wind farm in Egypt, set to be one of the largest in the world, with a project value of over US$ 10 billion.
The signing in Cairo was witnessed by Egyptian Prime Minister, HE Moustafa Madbouly, HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, HE Dr Mohamed Shaker El-Markabi, Minister for Electricity and Renewable Energy, Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, Nayer Fouad, Chief Executive Officer of Infinity Power, and Hassan and Amr Allam, Chief Executive Officers of Hassan Allam Holding. The landmark wind project will produce 47,790 GWh of clean energy per year and reduce around 9 percent of Egypt’s annual carbon emissions by displacing 23.8 million tonnes of carbon dioxide annually. The wind farm will also help Egypt meet its strategic objective of sourcing 42 percent of its energy from renewables by 2030. The 10 GW plant will save the North African nation an estimated US$ 5 billion in natural gas costs a year. Read More
Young Person’s Guarantee status
Neptune Energy announced it has been awarded Young Person’s Guarantee employer status, in recognition of its support for local communities through the development of Scotland’s future workforce.
By supporting the Young Person’s Guarantee initiative, employers work with 16-24 year olds to provide direct employment, apprenticeships, further and higher education support, training and volunteering opportunities. Neptune works with schools throughout the region, showcasing a variety of career paths, as well as highlighting exciting opportunities available within the energy industry. The company has hosted skills workshops, run mock interviews, developed video content and helped develop students’ presentations skills. Neptune Energy’s UK Country Director, Alan Muirhead, said: “It’s so important we support and mentor all young people as they prepare to enter the world of work. This is particularly important in the energy industry to make sure we’re bringing forward the next generation of scientists, engineers and energy professionals that will drive the transition forward. Read More
Masdar solar plant in Belize
With 400 kilowatts of solar panels and 600 kilowatt hours of battery storage, the system is mainly powered by solar energy, with a standby diesel generator to provide power during the wet season. The plant will save Belize almost 200,000 liters of diesel fuel and avoid around 500 tonnes of CO2 emissions yearly.
Electricity from the mini-grid is powering homes, schools, clinics, water pumping facilities and tourist operations. Before it was installed residents had endured 30 years of intermittent or no electricity, said Community leader Finity Muschamp. “Masdar has transformed our community in one of the most impressive manners that Indian Creek has ever seen,” he said. That transformation has been achieved by providing the villages with access to clean, reliable electricity, thanks to the Belize Rural Electrification Project (BREP), delivered by Masdar through the UAE-Caribbean Renewable Energy Fund. The US$50 million UAE-Caribbean Renewable Energy Fund (UAE-CREF) was launched at Abu Dhabi Sustainability Week 2017 as a partnership between the Ministry of Foreign Affairs and International Cooperation (MoFAIC), Masdar and ADFD, the UAE’s leading financial institutions spearheading national and global development projects. Read More
WTI Crude Prices Lower
Crude oil inventories in the United fell this week by 1.710 million barrels, the American Petroleum Institute (API) data showed on Tuesday, with analysts expecting a 1.5 million barrel increase. The total number of barrels of crude oil gained so far this year is more than 38 million barrels.
This week, SPR inventory dropped for the tenth week in a row as another 1.8 million barrels of congressionally mandated crude oil was sold during the week ending June 2. There are now 353.6 million barrels—the lowest amount of crude oil in the SPR since September 1983. U.S. crude oil production fell during the week ending May 26, to 12.2 million bpd. U.S. production is now 900,000 bpd lower than the peak production seen in March 2020, and just 300,000 bpd higher than this time last year. Read More
EIA Boosts U.S. Oil Production Forecast
U.S. crude oil production could gain 720,000 barrels daily this year, up from a previously forecast growth rate of 640,000 bpd, according to the latest edition of the Energy Information Administration’s Short-Term Energy Outlook. Demand for crude in the U.S., however, is expected to weaken, according to the EIA, because of lower consumption of distillate fuels. That expectation, in turn, is based on a projection for lower gross domestic product growth this year. According to the EIA, the U.S. economy will only expand by 1.3% this year, slowing down further to 1% in 2024. That’s a downward revision from the previous edition of the STEO, when the EIA predicted economic growth of 1.6% for this year and 1.8% for next year. Read More
|Oil and Gas Blends||Units||Oil Price $||change|
|Crude Oil (WTI)||USD/bbl||$71.82||Up|
|Crude Oil (Brent)||USD/bbl||$76.35||Up|
|OPEC basket 06/06/23||USD/bbl||$75.47||Down|
Oracle Power PLC (AIM: ORCP), announced the signing of a Memorandum of Understanding (MoU) between its subsidiary Oracle Energy and PetroChina International (Middle East) Company Limited (“PCME”) for cooperation and joint development of commercial avenues for Oracle Energy’s planned Green Hydrogen Project (or the “Project”) in Sindh, Pakistan. PCME has agreed to arrange the potential offtake for the Green Hydrogen output and carbon credits from the Project. PCME has vast experience in trading of oil across the world and is desirous to explore and develop its business through new energy sources such as green hydrogen.
Memorandum of Understanding
Oracle Energy and PCME signed the MoU to jointly cooperate, on a non-binding basis, in the commercialisation of the Project, with Oracle Energy to supply and deliver Green Hydrogen to PCME from it. PCME will arrange offtake for the Green Hydrogen and arrange for trade of associated carbon credits, after establishing viability through analysis of feasibility reports of the Project and subject to price, quality and its board’s approval. PCME shall have the right of first refusal (ROFR) to enter into a mutually agreed long term or spot cargo(es) contract to purchase all or part of the Green Hydrogen and carbon credits from the Project. Oracle Energy shall, prior to financial close, ask PCME to meet the best offer for a long-term purchase of all or part of the Green Hydrogen, with or without the carbon credits. In the event that PCME declines to meet the best offer, the ROFR for PCME shall lapse. Furthermore, PCME will have the ROFR to match the best offer received by Oracle Energy in relation to any available spot cargoes and/or any available carbon credits which have not been agreed to be sold/traded through any long-term agreement signed before financial close. The MoU is effective from 2 June 2023 and is valid for five years from the date when the Green Hydrogen is first produced from the Project, with the option of mutually extending the MoU. The MOU signing was witnessed by a representative from State Grid Corporation of a China, which recently signed an agreement with Oracle Energy through CET, its subsidiary, to be a potential investor and has commenced work on studies. Oracle Energy, which is the joint venture between Oracle Power and His Highness Sheikh Ahmed Dalmook Al Maktoum, is currently developing a 400MW Green Hydrogen Project in Pakistan, with a target output of 55,000 tonnes of high purity Green Hydrogen. Read More
Superior Pak hydrogen truck drives innovation.
Australia’s first hydrogen-powered garbage truck, built at Bundaberg’s Superior Pak, has been showcased to industry representatives from around the nation at a recent truck and machinery expo in Brisbane. Superior Pak is a leading manufacturer of world-class mobile waste collection and compaction equipment based in Bundaberg North. Read More
During the period from May 29 to June 2, 2023, Eni acquired on the Euronext Milan no. 5,786,201 shares, at a weighted average price per share equal to 12.8663 euro, for a total consideration of 74,447,190.76 euro within the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 10 May 2023, previously subject to disclosure pursuant to art. 144-bis of Consob Regulation 11971/1999.
On the basis of the information provided by the intermediary appointed to make the purchases, the following are details of transactions for the purchase of treasury shares on the Euronext Milan on a daily basis: Read More
The most optimistic scenario for reducing aviation emissions by 2050 eliminates about 70% of total CO₂ emissions. The most effective steps to reduce emissions in the next three decades are improving engine and aircraft efficiency, broader adoption of sustainable aviation fuels (SAF), and optimizing aircraft operations both in the air and on the ground. However, these solutions, together with a small contribution from new green aircraft powered by hydrogen or electricity, can only eliminate about 70% of 2050 emissions (see Figure 1). That estimate assumes that government policies shift to favor development of SAF over alternative-fuel development for other industries. It also assumes that the projections for life cycle CO₂ emissions reduction of 65% to 90% across different SAF conversion technologies (pathways) are validated over time. The enormous cost of developing and deploying those solutions poses another challenge: higher prices for air travel. Our research shows the cost of decarbonizing will start increasing ticket prices as soon as 2026. That trend is likely to trim 3.5% of forecasted global demand by 2030. As the fundamental dynamics of the business shift, leadership teams will be forced to rethink their business models. The damage could be severe for companies that fail to anticipate change. Those that take a pragmatic view of decarbonization goals today will be best prepared to navigate the turbulent transition ahead. Read More
The Ministry of Industry and Advanced Technology (MoIAT) announced at the “Make it in the Emirates” Forum in Abu Dhabi that is has supported a strategic collaboration agreement between ADNOC, John Cockerill Hydrogen and Strata Manufacturing, aiming to manufacture electrolysers in the UAE for local use and for export.
Electrolysers produce green hydrogen, an energy source made from renewables that does not emit carbon dioxide at the point of use. The arrangements intended to be put in place as contemplated by the agreement enhances the development of the UAE’s green hydrogen economy through the in-country manufacturing of electrolysers and supports the UAE’s “Make it in the Emirates” initiative to promote local industry and create a favorable environment for investors.
The agreement was signed at a ceremony witnessed by His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC, Her Excellency Sara Al Amiri, Minister of State for Public Education and Advanced Technology, His Excellency Ahmed Jasim Al Zaabi, Chairman of Abu Dhabi Department of Economic Development (ADDED), His Excellency Antoine Delcourt, Ambassador of Belgium in the UAE and Jean-Luc Maurange, Executive Member of the Board, John Cockerill Group. It was signed by Hanan Balalaa, Senior Vice President, New Energies and Carbon Capture, Utilization and Storage, ADNOC, Ismail Ali Abdulla, Managing Director & CEO of Strata Manufacturing and Raphael Tilot, CEO of John Cockerill Hydrogen. His Excellency Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, said: “Accelerating the development of future industries is one of the main objectives of the National Strategy for Industry and Advanced Technology. Therefore, the ministry is committed to ensuring the national industrial sector benefits from innovative solutions and advanced technologies that support the expansion of future industries. Stimulating cooperation between leading national companies and international and local manufacturers is key to these efforts, which reinforces the industrial sector’s contribution to decarbonization in line with the UAE’s net zero and COP28 targets. “Led by ADNOC, this strategic cooperation agreement strengthens our industrial sector and provides the necessary capabilities for future industries to thrive. The agreement will be particularly beneficial to the field of hydrogen, which represents one of the most important future industries and underpins a greener economy.” Read More
Baker Hughes Rig Count:
The Worldwide Rig Count for May was 1,783, down 25 from the 1,808 counted in April 2023, and up 155, from the 1,628 counted in May 2022.
U.S. Rig Count is down 15 from last week to 696 with oil rigs down 15 to 555, gas rigs unchanged at 137 and miscellaneous rigs unchanged at 4
Canada Rig Count is up 10 from last week to 97, with oil rigs up 9 to 51, gas rigs up 1 to 46.
International Rig Count is up 18 rigs from last month to 965 with land rigs up 9 to 729, offshore rigs up 9 to 236.
|Region||Period||Rig Count||Change from Prior|
|U.S.A||02 June 2023||696||-15|
|Canada||02 June 2023||97||+10|
ADNOC announced at the Make it in the Emirates Forum in Abu Dhabi, a strategic agreement with the Emirati Talent Competitiveness Council (ETCC) through its Nafis program to create an additional 5,000 jobs for UAE Nationals in the private sector by 2027.
The agreement will unlock skilled jobs for UAE talent in the private sector, in ADNOC’s supply chain, and equip them to succeed in their careers through several programs and incentives that will enhance their skills and competitiveness.
ADNOC and Nafis are building on the achievements of ADNOC’s In-Country Value (ICV) program which has created 5,000 jobs for UAE Nationals in the private sector since it was launched in 2018. ADNOC continues to collaborate with its suppliers and partners to promote initiatives to nurture local talent. The company has hosted six private sector career weeks in the past year to match local talent with employment opportunities in its registered partners and suppliersthe private setcor. Read More
Cenovus Energy Inc. has safely restarted approximately 62,000 barrels of oil equivalent per day (BOE/d) of production, from the 85,000 BOE/d impacted in May due to wildfires. Assuming the current wildfire conditions continue, Rainbow Lake operations are expected to return to production within seven to 10 days, which represents approximately 20,000 BOE/d. About 3,000 BOE/d remains offline awaiting power infrastructure to be rebuilt in various remote locations.
As staff have been able to access sites, to date no significant damage has been identified. The overall wildfire situation continues to be closely monitored and other assets, including the company’s oil sands operations and Lloydminster complex, have not been impacted.
Cenovus is grateful for the efforts of its teams who worked tirelessly to keep the company’s people and assets safe, as well as the continued support of provincial emergency management teams and firefighters. Cenovus’s $200,000 donation to the Canadian Red Cross 2023 Alberta Fires Appeal helped support immediate relief efforts in the province. Read More
International mobility provider Free2move is expanding its German presence and bringing the electric Fiat 500e to the streets of Hamburg in a flexible and affordable subscription model. Modern subscription model with flexible conditions
The purchase of a private vehicle often involves considerable planning and ongoing obligations. These include, for example, the optimal choice of insurance and the coordination of maintenance measures. With the Free2move car subscription, customers experience an uncomplicated and modern mobility solution that makes everyday life easier and can be adapted to individual needs. The Free2move car subscription includes a monthly payment covering all aspects of car ownership – from provision to servicing, maintenance, and insurance.
Fiat 500e available at a competitive price
Electric mobility is attracting increasing interest, especially in urban areas – with the launch of the Fiat 500e model in the subscription model; customers can access modern and environmentally friendly vehicles that meet today’s mobility needs. In addition, users can experience and get to know the benefits of electric mobility without restrictions.
The Fiat 500e features impressive design and performance. The interior is stylish and comfortable, with a modern cockpit, comfortable seats, and an infotainment system with a 10.25-inch touchscreen display, Apple CarPlay, Android Auto, and Bluetooth connectivity. The car also has various safety features – including lane departure warning, automatic emergency braking, and adaptive cruise control. The Fiat 500e is available now in the Free2move subscription model. With the 6-month subscription, customers can use the electric car for as little as €479/month or for €16/day. Furthermore, the fast availability and the fixed monthly installments, including insurance, maintenance, and roadside assistance, make the use even more effortless. Read More
On June 2nd, Volkswagen of America hosted media and brand fans for the first International Volkswagen Bus Day, in Huntington Beach, California. Created with The National Day Calendar, the inaugural celebration set the stage for the world premiere of the all-electric, three-row ID.Buzz. In addition to new and current EV offerings, plus historic vehicles from Volkswagen, more than 200 privately-owned VW buses of all ages and genres showed up to be part of the event. Live broadcast content and entertainment was provided by Radio Woodstock with a special musical performance by Jeremy & The Harlequins. International Volkswagen Bus Day will continue to be celebrated each June 2nd by VW bus and ID. Buzz fans worldwide. Building off the debut of the newest addition to its EV lineup, Volkswagen also unveiled its latest accessories concept vehicle, giving an early look at the customization potential of the ID. Buzz EV. On display alongside this unique concept was a unique art car, and a handful of vintage Microbus models from Volkswagen of America’s historic collection and VIP guests. In addition to the sport and camp-themed features, the ID. Buzz Accessories concept features a number of familiar Volkswagen accessories that deliver extra comfort and protection, including door sills with the ID. Buzz logo, a rear bumper protection plate, all-weather floormats and a universal tablet holder. The head-turning exterior of the ID. Buzz styling is further complimented by VW logo valve stem caps and a branded Volkswagen license plate frame.
The ready-for-anything ID. Buzz vibe is rounded out by a number of style and lifestyle-oriented accessories including VW surfboards, folding chairs and tables, beach towels, a Bluetooth loudspeaker and more Read More
In a meeting on 6 June 2023 the corporate assembly of Equinor ASA re-elected all the shareholder-elected members of Equinor ASA’s board of directors. The corporate assembly re-elected Jon Erik Reinhardsen as chair and Anne Drinkwater as deputy chair of the board in addition to re-election of Rebekka Glasser Herlofsen, Jonathan Lewis, Finn Bjørn Ruyter, Tove Andersen and Haakon Bruun-Hanssen as shareholder-elected members of Equinor’s board of directors. The election of shareholder-elected members to the board of directors enters into effect from 1 July 2023 and is effective until the ordinary election of shareholder-elected members to the board of directors in 2024. Furthermore, the corporate assembly re-elected Hilde Møllerstad, Per Martin Labråthen and Stig Lægreid as employee-elected members of Equinor’s board of directors. Anita Skaga Myking, Bjørn Palerud and Harald Wesenberg were elected as deputy members for the employee-elected board members. The election of employee-elected members to the board of directors enters into effect from 1 July 2023 and is effective until the ordinary election of employee-elected members to the board of directors in 2025. Read More
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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