Top Energy/Automotive News As Reported, to 21 April 2023
London, 21 April, 2023, (Oilandgaspress) : Crude oil records substantial price drops, weighed down by weak U.S. economic data, weak U.S. economic data, along with expectations of interest rate hikes in the U.S., UK, and the eurozone.
Golar LNG’s 1st Quarter 2023 results will be released before the NASDAQ opens on Tuesday, May 30, 2023. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday May 30, 2023. Read More
Woodside delivered revenue of $4,330 million, down 16% from Q4 2022, due to lower production and lower realised prices.
Production, sales volume and revenue increased 122%, 112% and 81% respectively from Q1 2022, driven by the expanded operations portfolio post-merger.
Achieved high LNG reliability of 99.9% at Pluto LNG and 98.3% at North West Shelf (NWS) Project.
Achieved a portfolio average realised price of $85 per barrel of oil equivalent.
Sold 32% of produced LNG at prices linked to gas hub indices.
Executing major projects
The Scarborough and Pluto Train 2 projects in Western Australia are now 30% complete, with manufacturing of the export trunkline 86% complete and first concrete poured for Pluto Train 2. The development drilling program for Sangomar progressed, with ten of 23 wells complete. The Sangomar floating production storage and offloading (FPSO) topsides integration and precommissioning works continued in Singapore. Subsequent to the period, Mad Dog Phase 2, in the Gulf of Mexico (GoM), successfully achieved first production and will continue to ramp up through 2023. Read More
EPA and the Department of Justice announced three separate settlements with natural gas processors that will require the companies to pay a combined $9.25 million in civil penalties and make improvements at 25 gas processing plants and 91 compressor stations. These settlements will reduce harmful air pollution and improve air quality in 12 states, including in communities disproportionately impacted by pollution and in Indian Country. The states of Alabama, Colorado, Louisiana, North Dakota, West Virginia, and Wyoming, and the Southern Ute Indian Tribe, also are settling claims against the companies.
When fully implemented, the combined settlements with The Williams Companies, Inc., MPLX LP, and WES DJ Gathering LLC f/k/a Kerr-McGee Gathering LLC will reduce ozone-producing air pollution by an estimated 953 tons per year and greenhouse gases by 50,633 tons per year of carbon dioxide equivalent, including methane. This reduction equates to taking 11,267 gasoline-powered passenger vehicles off the road for one year. The settlements, lodged simultaneously today in the Federal District Courts of Colorado and Utah, resolve allegations that the companies violated the Clean Air Act and state air pollution control laws. Read More
Next-generation solar panels
Researchers at Martin Luther University Halle-Wittenberg (MLU) have discovered a new method to increase the efficiency of solar cells by a factor of 1,000. The team of scientists achieved this breakthrough by creating crystalline layers of barium titanate, strontium titanate, and calcium titanate, which were alternately placed on top of one another in a lattice structure.
Their findings, which could revolutionize the solar energy industry, were recently published in the journal Science Advances. Read More
Ban of fluorescent lighting in the UK & EU
Did you know the RoHS of the EU/UK (Reduction of Hazardous Substances) are restricting the use of certain hazardous substances in electric and electronic equipment?
This includes the use of mercury in lighting products. The directive includes exemptions for a series of products that have now been revised by the European Commission – this has had huge impacts on fluorescent lighting.
The SLR (Single Lighting Regulation) are additionally phasing out products that fail to meet efficiency requirements. Together both regulations are helping to protect the environment and public health, by enforcing climate friendly, sustainable lighting.Fluorescent lighting has also been linked with depression, reduced productivity and eyestrain, something business and building owners need to avoid in order to meet employees’ physiological needs. Read More
NREL and Partners Build All-Data Approach for Automated Grid Recovery The National Renewable Energy Laboratory (NREL) is leading a project that uses pervasive data and renewable energy to identify and isolate outages, enabling communities to expand awareness of grid conditions during resilience events. With partner technologies and community input, NREL will demonstrate an automated, affordable, all-in-one method for grid resilience, which can and will be used by vulnerable communities and the utilities that service them. The project is named Solar-HERO (Solar-Assisted, Stakeholder-Engaged Autonomous Restoration with Data Orchestration) and is funded by the U.S. Department of Energy Solar Energy Technologies Office as part of its RACER program. Community Demo With Rural Co-Ops Will Use Solar, Storage, and Sensors to Stop Outages Read More
Laboratory Propels Earth’s Inhabitants Toward a Cleaner Future
U.S. Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL) have spent their days studying, analyzing, and developing clean energy solutions that sustainably harness the planet’s resources. The mission of Earth Day and the vision behind NREL are, in many ways, broadly aligned. Aside from the fact that Earth Day Network founder Denis Hayes also served as NREL’s second laboratory director, both NREL and Earth Day aim to pave a path toward a brighter, cleaner, healthier future for the planet and its inhabitants. Much aligned to Earth Day’s theme of “Investing in Our Planet,” the research and innovations developed at NREL are helping consumers on Earth Day and every day contribute to our beautiful blue marble’s future. Here are just a few of the ways. Read More
TOYOTA GAZOO Racing takes on a record Hypercar field
A total of 13 Hypercars will face off in Belgium in the third round of the 2023 WEC season, the final contest before June’s Centenary edition of the Le Mans 24 Hours, where TOYOTA GAZOO Racing will aim for its sixth consecutive victory.
The World Champions go into next Saturday’s race targeting a hat-trick of Hypercar victories at the start of the season after Sébastien Buemi, Brendon Hartley and Ryo Hirakawa won the last round, earlier this month in Portimão, in their #8 GR010 HYBRID. Read More
Overseeing tests for the 2.5-tonne Land Cruiser
Toyota run the cars through walls of snow more than 50 or 60 cm deep, checking to see whether repeatedly getting stuck or driving on snowy roads damages the bumpers, for example, or if the churned snow causes problems by getting into the radiator. Getting through unscathed is the greatest sense of accomplishment. I want to build cars that can take on these snowy roads and make the drive fun. When stuck in deep snow, drivers tend to step on the gas, but we also try to anticipate someone doing the opposite and easing off, along with various other situations that users might get into.Read More
Oil reserves plummet to 36.9 billion barrels as of January 2023
Investment in the upstream segment plummeted by 74 per cent between 2014 and 2022, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said in Abuja, yesterday. Over $27 billion was invested in the sector in 2014, but this went down to as low as $6 billion in 2022. According to them, increasing competition from regional peers has led to decrease in proportion of the overall upstream investment attracted by Nigeria. Read More
The Hyundai Motor America Team represented by Taylor Hagler, Michael Lewis, Mason Filippi and Harry Gottsacker, are set to complete the final step of preparation for the ADAC TotalEnergies 24 Hour race with the ADAC Qualifiers 24h Nürburgring this weekend. This qualifying race consists of two separate qualifier events beginning with a two-hour race on Saturday, April 22 then a four-hour race come Sunday, April 23. Hyundai Motorsport GmbH and Hyundai Motorsport Global, in collaboration with HMA, are partnered with Target Competition to field the Hyundai Elantra N TCR entry during the Nürburgring 24 and the mandatory requirement qualifying events. The ADAC Qualifiers 24h Nürburgring event will mark the first time all four drivers will be piloting the Elantra N TCR after driving Hyundai i30 N cars in co-driver pairs during the Nürburgring Endurance Series rounds.
All four Hyundai Motor America drivers have been competing in prerequisite racing events in the Nürburgring Endurance Series in Germany over the last month while also continuing to balance their roles in the IMSA Michelin Pilot Challenge (IMPC) with Bryan Herta Autosport. After the ADAC Qualifiers 24h Nürburgring races see the checkered flag fly, the Hyundai USA Team drivers will return to the United States for the next round of IMPC competition at WeatherTech Raceway Laguna Seca on May 13 then head straight back to Germany for the ADAC TotalEnergies 24 Hour Race. Read More
| Oil and Gas Blends | Units | Oil Price $ | change |
| Crude Oil (WTI) | USD/bbl | $77.37 | Down |
| Crude Oil (Brent) | USD/bbl | $81.08 | Down |
| Bonny Light | USD/bbl | $80.68 | Down |
| Saharan Blend | USD/bbl | $81.36 | Down |
| Natural Gas | USD/MMBtu | $2.22 | Up |
| OPEC basket 19/04/23 | USD/bbl | $84.41 | Down |
OPEC Reference Basket (ORB) made up of Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
Annual General Meeting held in Nel ASA
The Annual general meeting of Nel ASA was held today. All proposals, except 9 and 11.1, set out in the notice to the general meeting were approved. As a result of the remuneration report not receiving sufficient support at the general meeting the company will take into consideration feedback from shareholders for the next report. Based on feedback from shareholders, changes done to the structure of the incentive programs are well received, but increased visibility on management KPI’s needs to be disclosed to document alignment between management incentives and shareholder interests. Read More
Neste supplies sustainable aviation fuel to Air Canada Neste and Air Canada are expanding their collaboration with an additional supply of 2.5 million gallons (9.5 million liters or 7,500 tons) of Neste MY Sustainable Aviation Fuel™. The sustainable aviation fuel (SAF) supplied to Air Canada will be blended with conventional jet fuel and used to power the airline’s flights from the San Francisco International Airport.
Air Canada has committed to the ambitious goal of net-zero emissions from all its global operations by 2050. It has set mid-term targets for reducing net greenhouse gas (GHG) emissions by 2030 from both its air and ground operations compared to its 2019 baseline.
“At Air Canada, we have adopted a multifaceted approach to addressing climate change and sustainability. Environmental and social factors are incorporated into our strategic decisions, as are our fleet purchases and daily operations through our support of low-carbon alternatives. SAF comprises one of our core pillars in pursuing our net-zero emission targets. We have been purchasing Neste’s SAF since February 2022. Today’s announced purchase represents a five-fold increase in our SAF procurement year over year and is an important step towards our target of one per cent fuel to be SAF by 2025, supporting our journey towards our 2050 net zero decarbonization goals,” said Michael Rousseau, President and CEO at Air Canada. Read More
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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