London, 10 July, 2023, (Oilandgaspress) The United Arab Emirates has announced that it will not join Saudi Arabia in making voluntary oil production cuts, claiming that the cuts by the Saudis are enough to balance the markets according to reports.
KBR (NYSE: KBR) announced today it has earned a Gold Rating from EcoVadis, one of the world’s largest and most trusted providers of business sustainability ratings for global supply chains. The Gold Rating places KBR in the top 5% of assessed companies. “We are honored to receive one of the highest levels of recognition from EcoVadis for our commitment to sustainable practices,” said Stuart Bradie, KBR president and CEO. “KBR continues to make strides in our ESG journey, and our team of teams is leading the way to ensure we are making a positive impact on people and the environment across our operations.” The EcoVadis sustainability assessment methodology is built on international sustainability standards, including the Global Reporting Initiative, the United Nations Global Compact, and the ISO 26000, covering 200+ categories and 175+ countries. This recognition is the latest in a growing list of ESG awards for KBR, including a AAA ranking by MSCI and a spot on America’s Climate Leaders list 2023 by USA Today. Read More
ENOC Link, the digital mobile fuel supply service for businesses and consumers in the UAE by ENOC Group, announced it is now supplying the fleet at Dubai International Airport with reliable, safe and convenient access to fuel. Through ENOC Link, the airport fleet has halted the two fuel stops a week it was previously making, which is expected to reduce vehicle movement by 31,616kms per year. This move is enabling airport carbon emissions reduction and contributing to the UAE’s overall sustainability vision. Working in close collaboration with Dubai Airports, ENOC Link and EPPCO Aviation, a joint venture between ENOC Group and Chevron, secured approvals from the airport safety department and airport police to adhere to the highest international safety standards. Additionally, specialised training was provided to the ENOC Link drivers to secure the Airport Driving Permit, which requires them to familiarise themselves with the terms and conditions of Airside Safety Regulations and allows them to drive vehicles, machines and equipment in the ramp area of the airport. ENOC Link is currently extending its service to other businesses located at Dubai International Airport, who stand to benefit from the reduced vehicle movement within the airport. Furthermore, the service will empower businesses to realise their own sustainability ambitions whilst supporting the UAE’s sustainability efforts. Read More
Global Underwater Hub (GUH), the leading trade and development body representing the UK’s £8billion underwater industry has announced the appointment of a new regional manager. Ricci Boston, who will be based in Newcastle, will be instrumental in increasing engagement among GUH’s members and expanding its membership base in the north of England. He will also be responsible for developing strategic relationships across the region whilst driving GUH’s growth and initiatives for the underwater sectors. Prior to his appointment at GUH, Ricci was Director of Strategy and Client Engagement for a major provider of engineering and management services to the energy industry. Over the last decade, Ricci has successfully managed bids, mobilised and project managed large revenue projects in the oil & gas, power generation, renewable energy, construction and engineering sectors. As a UK-wide organisation, GUH has member companies located across the country. Ricci will be responsible for supporting those business in the north of England, in an area stretching from the Mersey in the west to The Humber in the east and north to the Scottish border. The organisation’s goal is to accelerate the delivery of a step change in the development and internationalisation of underwater technologies and deliver exponential growth in the industry. GUH, which transitioned from Subsea UK in 2021, already has a well-established Scottish base in Aberdeen and will open a Newcastle office in late summer, followed by a base in Bristol later in the year. Refurbishment work is well advanced at the new premises in Newcastle’s Walker area, with completion expected in mid-July. Read More
Iraq and French oil major TotalEnergies on Monday signed a long-delayed $27 billion energy deal that aims to increase oil production and boost the country’s capacity to produce energy with four oil, gas and renewables projects. Initially signed in 2021, the deal has faced delays amid disputes between Iraqi politicians over the terms, but was finally closed in April when Iraq agreed to take a smaller than initially demanded stake in the project of 30%. TotalEnergies took a 45% stake and QatarEnergy holds the remaining 25%. TotalEnergies Chairman and CEO Patrick Pouyanne signed the agreement with Iraqi oil minister Hayan Abdel-Ghani at a ceremony in Baghdad, with Pouyanne calling it a “historic day”.(Reuters) Read More
On July 4, Wu Kai, the chief scientist of CATL, and his team were awarded the European Inventor Award 2023 for the “Non-EPO countries” category for their contributions to lithium-ion battery safety at an award ceremony held in Valencia, Spain. “It is a great honor to win such a prestigious award, which will shine a path forward to further innovation efforts for me and CATL. What is more, electric vehicles powered by our advanced and safe batteries are enabling more people to embrace a sustainable lifestyle, contributing to the global energy transition. I hope that more and more inventors will dedicate themselves to the e-mobility and energy transition so that together we can develop more innovations for the benefit of mankind,” said Wu Kai. Launched by European Patent Office (EPO) in 2006, the European Inventor Award is a global, highly recognized innovation prize which celebrates the Tomorrow Shapers – inventors whose perseverance, ingenuity and creativity are paving the way to a brighter future. The “Non-EPO countries” category recognizes the work of outstanding inventors from outside the EPO’s 39 member states who have been granted a European patent. Read More
General Motors Co. announced that it has acquired substantially all the assets of Israel-based battery software startup ALGOLiON Ltd. for an undisclosed sum. The acquisition was led by the newly formed Technology Acceleration and Commercialization (TAC) organization, a group within GM that works to identify emerging technology that can support GM’s leadership position in battery development through investments, acquisitions or partnerships. ALGOLiON, which received early support from the Israeli Innovation Authority, was founded in 2014 by Niles Fleischer, Ph.D., and Alex Nimberger, Ph.D. The company has developed sophisticated software that uses data streams from EV battery management systems to help identify anomalies in cell performance to ensure proper vehicle health management and provide early detection of battery hazards including thermal runaway propagation events. Dr. Fleischer has more than 40 years of experience in the battery industry and more than 80 patents in the field, while Dr. Nimberger has deep military and civilian experience in all aspects of lithium-ion battery operating modes and effects analysis. ALGOLiON’s software, coupled with GM’s internal capabilities and vast experience in delivering best-in-class products at scale, can greatly accelerate time-to-market of a cost-effective early hazard detection system for the benefit of millions of GM’s customers worldwide. Read More
GM Energy announced product details and specifications for its initial suite of upcoming Ultium Home offerings.
The Ultium Home product offerings will be the first solutions to be made available to residential customers through GM Energy, and are designed to provide greater energy independence, resiliency and value, enabling the use of backup power for essential home needs during times when energy is unavailable from the grid.
“As GM Energy’s ecosystem of connected products and services continues to expand, we’re excited to provide customers with options for greater energy management beyond the vehicle,” said Wade Sheffer, vice president, GM Energy. “Our initial Ultium Home offerings represent an opportunity for customers to take greater control over their personal energy independence and resiliency.” The initial suite of Ultium Home products will be offered through unique bundle options, providing customers with the ability to select solutions that align with their energy needs and budget. Read More
The Province of Ontario announced today that it is working with Ontario Power Generation (OPG) to begin planning and licensing for the deployment of three additional GE Hitachi Nuclear Energy (GEH) BWRX-300 small modular reactors (SMRs) at the Darlington New Nuclear Project site. A total of four BWRX-300 SMRs are now planned for deployment at the site east of Toronto. Advanced nuclear technologies like the BWRX-300 are a key pillar of GEH’s energy transition leadership. In addition to helping customers achieve decarbonization goals, the BWRX-300 is designed to reduce construction and operating costs below other nuclear power generation technologies. Specifically, the BWRX-300 leverages a unique combination of existing fuel, plant simplifications, proven components and a design based on an already licensed reactor. Read More
DNO ASA announced a significant gas and condensate discovery on the Carmen prospect in the Norwegian North Sea license PL1148 in which the Company holds a 30 percent interest. Preliminary evaluation of comprehensive data, including cores and fluid samples, acquired from the discovery well and a follow-on extended sidetrack indicates gross recoverable resources in the range of 120-230 million barrels of oil equivalent (MMboe) on a P90-P10 basis. At 175 MMboe, the mid-point of this range, Carmen ranks as the largest discovery on the Norwegian Continental Shelf since 2013.
The two wells have established a deeper hydrocarbon-water contact, tripling the mid-point of DNO’s pre-drill expected range.
Carmen is DNO’s sixth discovery in the Troll-Gjøa area since 2021 and is located close to existing infrastructure with clear routes towards commercialization. The other discoveries are Røver Nord, Kveikje, Ofelia, Røver Sør and Heisenberg.
“Norway is the gift that keeps on giving,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani. Carmen proves there are important discoveries still to be made and Norway’s oldest oil company, DNO, will be part of this next chapter of the country’s oil and gas story,” he added.
DNO farmed into PL1148 in 2022 through its wholly-owned subsidiary DNO Norge AS. The other partners in the license are Wellesley Petroleum AS as operator with 50 percent interest and Equinor Energy AS and Aker BP ASA with 10 percent each. Read More
Lamborghini Esperienza Avventura enters China for the first time, marking a new chapter in Lamborghini’s experience program. The “Expedition into the Wild” saw guests travelling nearly 900 km across varying road conditions in the Lamborghini Urus Performante[1]. Experiencing dramatic landscapes along the way, the route took in majestic scenery as the Lamborghini Super SUV conquered the wilderness, heading out from the golden city of Lanzhou.
“On the occasion of the brand’s 60th anniversary, the Lamborghini Esperienza Avventura enters China for the first time, demonstrating our confidence in and focus on the Chinese market once again,” said Konstantin Sychev, Managing Director of Automobili Lamborghini Chinese mainland, Hong Kong & Macao. “With this new program dedicated to the Urus family, our customers can participate in an authentic driving activity, with the brave spirit of Lamborghini and its Super SUVs delivering the ultimate lifestyle experience.” During the four-day trip, a fleet of 12 Lamborghini Urus set off from Lanzhou and drove through the Ganjia Secret Land, which stands wild and magnificent with distinct peaks and valleys, and the wild dirt roads and highland meadows giving distinctive views of the Secret Land from the vast grasslands. On the Sangke Grasslands, the Urus Performante showcased its capabilities away from the road, as the powerful Super SUV drove through the summer grazing routes. Read More
ON 1 JULY 2023, HORSE HAS OFFICIALLY STARTED ITS ACTIVITIES IN THE AUTOMOTIVE MARKET. HORSE is inheriting from Renault Group’s industrial know-how and assets in developing, producing and supplying next generation low-emission thermal & hybrid powertrains.
The new company headquartered in Madrid (Spain) comprises of 9,000 former Renault Group employees, working in 8 manufacturing sites with a production capacity of 3.2 million units per year. It also operates 3 R&D centers, with a global presence in 7 countries (Argentina, Brazil, Chile, Portugal, Romania, Spain and Türkiye).
AT LAUNCH, HORSE will be a standalone global supplier of propulsion system solutions, developing carbon free and low-emission technologies. The new company is expected to supply its current industrial customers including Renault, Dacia and also Nissan and Mitsubishi Motors Company. In the future, HORSE could also offer powertrain technologies to third-party car brands. In particular, it will offer a complete range of technologies across all components – engine, gearbox, hybridisation system (xHEV) and batteries – at the highest level. HORSE propulsion systems will eventually also be ready to integrate all types of existing or alternative and future energies (e-fuels, hydrogen, LPG, CNG, Ethanol.) HORSE’S AND GEELY AUROBAY’S PLANT would have together the capacity to produce over 5 million transmission systems and powertrains a year. The new company will have a turnover of over €15 billion and will employ 19,000 people (out of which 9,000 from HORSE) and operate 22 sites worldwide, from Geely (Geely’s and its subsidiary Aurobay’s sites in China and Sweden) and Renault Group / HORSE (R&D centers and production facilities in Portugal, Romania, Spain, Türkiye and South America). These bases will also allow the partners concurrently develop the next generation of fuels. Read More
A massive fire that broke out on Monday at an oil refinery in the southern Iranian port city of Bandar Abbas, has been put out, local media reported.
The fire occurred at around 3:00 p.m. local time (11:30 GMT), semi-official news agency Young Journalists Club quoted Naser Babaei, director of the refinery’s public relations office, as saying. Babaei said the fire resulted from an explosion in three petroleum product reservoirs belonging to Aftab Oil Refining Company, adding that the cause of the explosion has not been determined yet. Ambulances and a helicopter have been dispatched to the scene for rescue and relief work, according to the Iranian Students’ News Agency.(Xinhua) Read More
Oil and Gas News Undiluted !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases
Please email us your industry related news for publication [email protected]
Follow us: @OilAndGasPress on Twitter |
Oil and gas press covers, Energy Monitor, Climate, Renewable, Wind, Biomass, Sustainability, Oil Price, LPG, Solar, Marine, Aviation, Fuel, Hydrogen, Electric ,EV, Gas,
