Top Energy/Automotive News; U.S. Rig Count is down 5 from last week to 682
London, 25 June, 2023, (Oilandgaspress) : US oil rigs down 6 to 546, gas rigs unchanged at 130 and miscellaneous rigs up 1 to 6.. Canada oil rigs up 7 to 110, gas rigs up 3 to 59. Crude oil futures prices posted solid growth on Wednesday thanks to tailwinds from the supply side.
The prospects of tight supply of corn and ethanol in the United States mean oil demand would get a boost as corn is used to produce ethanol, which is mixed with fossil fuels.
Good Energy Group PLC announced that it has acquired the entire issued share capital of Wessex EcoEnergy Limited (“Wessex”), an established UK based solar installation business (the “Acquisition”), on a debt free, cash free basis for an initial consideration of £2.5 million. Building on its acquisition of Igloo Works in December 2022, the Acquisition represents a further milestone in delivering on Good Energy’s strategy to expand its capability in decentralised energy services, complementing its established energy supply business and heat pump installation capability. It also supports Good Energy’s ambition to help one million customers cut carbon by 2025. Wessex will report under Good Energy services division and continue to operate under its own brand. Wessex will benefit from now being able to offer a full energy service package including solar, storage, heat and export tariffs for its customers. Services will be marketed to both Good Energy’s existing 270,000 customers and new prospects focused in the South West of England. The Acquisition builds on Good Energy’s existing energy service offering across other product areas including heat, storage and electric vehicles. Good Energy will seek to accelerate growth in these areas through further bolt-on acquisitions. Read More
Vienna, Austria and Copenhagen, Denmark, retained their positions as first and second most liveable cities in the world in EIU’s 2023 Global Liveability report. The Middle East has seen the average level of liveability continue to improve, largely owing to strong gains in healthcare and education ratings. The strongest performers were the cities of Riyadh and Jeddah in Saudi Arabia, both rising by five places. In the UAE, although Abu Dhabi did not go up the ranks, its scores improved to 80, helping it achieve the top-tier status of liveability.
Lagos, Nigeria has been listed as the fourth worst city to live in the world by the Economist Intelligence Unit (EIU), one of the agencies under The Economist of London. Lagos was the second worst liveable city in 2022, but has now moved two spots up in EIU’s 2023 Global Liveability report. The EIU said the economic capital of Nigeria moved two spots up due to improvements in healthcare and education. It was however stated that corruption is still a problem.
Damascus (Syria) and Tripoli (Libya) are still at the bottom of the list, held back by social unrest, terrorism and conflict. Read More
KCA Deutag, the global drilling, engineering and technology provider, has been awarded new contracts and extensions with a total value of over $70 million, with existing clients for the provision of drilling and maintenance services in the UK North Sea.
These awards, each ranging from two to five years, reinforce KCA Deutag’s position as a leading platform drilling contractor in the UK North Sea, and will see the company continue to deliver drilling services, including maintenance, warehousing, inventory procurement and management on four offshore platforms.
Peter Skinner, UK country manager said: “KCA Deutag has been the drilling contractor of choice on some of these assets since the early nineties and we are delighted to continue our excellent long-term working relationships with our customers in the UK North Sea. These contract awards are recognition of the high standards of safety and operational performance delivered by our teams to date.”
Ole Maier, President of Offshore commented: “The UK North Sea continues to be an important market and we are committed to working with our customers and partners to successfully and safely deliver drilling programmes, well decommissioning work and innovative solutions for the energy transition in the region.” Read More
Nova Bus is exiting bus production in the US market. Consequently, the company has decided to close its Plattsburgh manufacturing and delivery facility by 2025. Production in North America will be focused to its Canadian facilities located in Saint-Eustache and Saint-François-du-Lac (Quebec) and Nova Bus will continue its successful Canadian business, where it is the market leader. A restructuring provision of SEK 1.3 billion will negatively impact the Volvo Group’s operating income in the second quarter of 2023. “The strategic decision to end bus production in the US by 2025 was made after evaluating its profitability, which was experiencing continued financial losses over the years,” says Anna Westerberg, Chair of the Nova Bus Board of Directors.
Nova Bus will work closely with employees, customers, and suppliers as bus operations in the Plattsburgh facility are planned to continue until the first quarter of 2025. Nova Bus will continue to support its US customers’ parts and service needs.
“Although this strategic decision is a difficult one, by changing our business model with a focus on Canada, we will improve profitability and secure our long-term competitiveness,” adds Ralph Acs, President of Nova Bus. Read More
Volvo Group has signed an agreement to collaborate with Heidelberg Materials, one of the largest building materials companies in the world. The aim is to reduce carbon emissions in the construction sector by jointly investigating and developing how loading and hauling needs can be solved with the help of electrified vehicles and related services.The partnership will see several of Volvo Group’s customized electric product and service solutions put to work across much of Heidelberg Materials’ Northern European operations, starting this year. The purpose is to support the adoption of emission-free transport and loading equipment solutions in the industry. The cement and concrete industries are responsible for around 8 per cent of the planet’s carbon emissions. Finding ways to reduce its climate impact is vital for Heidelberg Materials to reach net-zero carbon emissions across its value chain. Read More
The All-new Renault Rafale is the first production vehicle entirely designed according to the new visual language that Gilles Vidal has brought in as head of Design Renault. It is ushering in a new era in Renault’s design: it is visionary, daring, perfectly in tune with its time and tailor-made for a period when everything is moving ever faster and only avantgarde models will stay attractive throughout their life cycle.
The All-new Renault Rafale also features up-to-the-minute connectivity and a 200 hp E-Tech full hybrid powertrain that is as efficient as it is frugal and uses recycled materials.
It was born to take driving pleasure to ever new heights and will be enhanced with technological breakthroughs that will rank it high up in the high-performance automotive universe with a new E-Tech 4×4 300 hp powertrain.
Renault has crafted its DNA around optimal driving pleasure – but not the self-centred kind: pleasure that the driver enjoys alongside passengers in a “car for life and living.” Driving pleasure is a priority, but never at the expense of passengers, who have plenty of space and amenities to enjoy as well. The All-new Renault Rafale is a gratifying SUV coupe, it looks as vibrant as it feels when you drive it, and it is an opportunity to share an intense driving experience with your friends or kids – however grown-up they may be. The All-new Renault Rafale 200 hp E-Tech full hybrid will reach markets in spring 2024. Read More
U.S government is facilitating a strategic energy dialogue (SED) with stakeholders in Nigeria’s energy sector to foster collaboration in advancing energy partnerships and energy transition. “The US wants to be the preferred partner of energy transition and security. We know you work with a lot of partners around the world but we have a wonderful opportunity to do more bilaterally because we already have a strong corporate footprint here and I think that a prospect for that to grow even further as our companies see president Tinubu and his government tackling some of the difficult issues of the past like the exchange rate unification, but I also see prospects for us to do more in these emerging areas,” he said.
He said the SED is about creating mechanisms for ongoing exchange between experts from both countries, as they navigate issues around energy security, transition and access while Proffering sustainable solutions.
He said Nigeria and USA are similar in many instances especially as big Oil and Gas explorers looking to better manage their resources in a way that does the least damage possible. “We all need to double down our focus on the energy transition and the opportunities there, what that transition looks like is going to vary from country to country. Government cannot maintain a constituency for energy transition except they can demonstrate energy security and reliability,” he said.
He also hinted on possible inflow of investments on the back of what he described as the bold policy reforms president Tinubu is embarking on. Read More
Toyota Reveals the Future of Cars with Next-Generation Battery and Hydrogen Technologies
The main draw was Toyota’s next-generation electrification technologies. President Takero Kato of the newly established BEV Factory and Mitsumasa Yamagata, soon-to-be president of the Hydrogen Factory set to launch in July, spoke about the upcoming products and business outlook of these new units, providing a peek at more than 20 next-generation items.
This event was the brainchild of Executive Vice President Hiroki Nakajima, who emphasized the workshop’s theme—Let’s Change the Future of Cars— and expressed his vision as Chief Technology Officer. Read More
Toyota Motor North America (TMNA) announced that it has bestowed awards to supplier recipients recognizing exceptional supplier performance for 2022. The annual awards program celebrates both direct and indirect suppliers who consistently exceed TMNA’s expectations in various areas.
At a recent ceremony, TMNA presented a total of 68 awards. Direct suppliers earned Performance awards in Superior and Excellent categories for areas of technology and development, supplier diversity, value improvement, VA achievement, quality, launch, and value chain promotion. Indirect suppliers were recognized for their exceptional performance in diversity improvement, quality, cost improvement, management, and customer service performance. Additionally, select indirect suppliers received special recognition for performance in their respective business category. Read More
Toyota Motor Europe (TME) announces today executive level appointments at its European Headquarters and changes to the company structure with the appointment of one of its vice presidents to head up a new function focusing on Circular Economy. It marks another move forward by TME as it accelerates the transformation towards a mobility company, built on the principles of carbon neutrality and sustainability. All changes are effective 1st July 2023.
Leon Van Der Merwe, currently Vice President, Supply Chain, TME will be appointed to Vice President, Circular Economy, TME. In this newly created function Mr Van Der Merwe will be responsible for building a circular economy function unit with the key objective of introducing the 5R approach (re-design, re-circulate, retain, re-purpose, recycle) to the overall business model, to allow Toyota to maximise the end-to-end value of its products. Jean-Christophe Deville, currently Head of Production of Vehicle Logistics Group, Supply Chain, TME, will succeed Leon and will be promoted to Vice President, Supply Chain. Read More
Lamborghini Hatfield officially opens, with a gala VIP event at the new dealership location marking the eleventh official franchised outlet for Automobili Lamborghini in the UK. Owned and operated by HR Owen Group, one of the UK’s largest specialist luxury and sports car dealer groups, the substantial new Hatfield location delivers extensive showroom and aftersales facilities, reflecting the growing UK Lamborghini car parc and model line-up.Located on a new 2.06-hectare development by HR Owen in Mosquito Way, Hatfield, the expansive 500 sq m Lamborghini showroom includes an upstairs mezzanine lounge with views over the showroom below and a dedicated Ad Personam studio, where clients can choose from virtually unlimited colour and trim options to personalize their new Lamborghini. The 870 sq m aftersales facility includes a 14-bay technical centre, and a drive-in service reception that scans cars on check-in and automatically appraises condition. Read More
Baker Hughes Rig Count
U.S. Rig Count is down 5 from last week to 682 with oil rigs down 6 to 546, gas rigs unchanged at 130 and miscellaneous rigs up 1 to 6.
U.S. Rig Count is down 71 rigs from last year’s count of 753 with oil rigs down 48, gas rigs down 27 and miscellaneous up 4.
The U.S. Offshore Rig Count is down 1 to 19, up 3 year-over-year.
Canada is up 10 to 169 rigs.
Canada Rig Count is up 10 from last week to 169, with oil rigs up 7 to 110, gas rigs up 3 to 59.
Canada Rig Count is up 15 rigs from last year’s count of 154 with oil rigs up 6, and gas rigs up 9.
| Region | Period | Rig Count | Change |
| U.S.A | 23 June 2023 | 682 | -5 |
| Canada | 23 June 2023 | 169 | +10 |
| International | May 2023 | 965 | +18 |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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