London, (Oilandgaspress) ––Oil prices up as speculation rises on possible Israel retaliation against Iran
Alpine Endurance Team strengthens its management organisation with the creation of the Sporting Director role to support Team Principal Philippe Sinault.
Nicolas Lapierre will take on the role of Sporting Director for Alpine Endurance Team to improve the overall performance of the drivers and the team.
His vast driving experience and extensive endurance racing knowledge will make him a valuable asset for Alpine Endurance Team.
This nomination will formally take effect from 1 January 2025, but Nicolas Lapierre will use the 2024 season finale in Bahrain to familiarise himself with his new role.
As a result, Jules Gounon will complete the Alpine Endurance Team lineup for the last race of the season. Nicolas Lapierre’s professional racing career ended with a magnificent podium finish at Fuji, the first for the A424 and the start of a new era for Alpine Endurance Team. Read More
Saab has received an additional order from Lithuania for the Mobile Short-Range Air Defence (MSHORAD) solution. The order value is SEK 1.2 billion and deliveries are scheduled 2026-2029.
Saab announced the initial MSHORAD order from Lithuania in July 2024. With this additional order, a second battery within the Lithuanian armed forces will be provided with Saab’s mobile air defence capability.
“We are proud to continue supporting the Lithuanian Armed Forces’ short-range air defence capability. MSHORAD is a highly mobile solution which enables the user to quickly and effectively identify and counteract air threats,” says Görgen Johansson, head of Saab’s business area Dynamics.
“The acquisition of the Mobile Short-Range Air Defense System (MSHORAD) will enhance the Lithuanian military’s capability to counter potential enemy air attacks. The advantage of this system is its mobility, making it a highly necessary system for Lithuania,” said Lithuanian Minister of National Defense Laurynas Kasčiūnas.
The order includes Mobile Firing Units, Mobile Radar Units and a Command- and Control (C2) system. Saab will integrate MSHORAD into JLTV vehicles manufactured by the U.S. company Oshkosh before delivery to the customer.
MSHORAD is Saab’s mobile air defence solution. The system consists of the Mobile Radar Unit based on the Giraffe 1X radar, the Mobile Firing Unit based on the RBS 70 NG, all connected with GBAD C2, which is Saab’s command and control system for ground-based air defence. Read More
Ford Credit and Lincoln Automotive Financial Services are supporting customers affected by Hurricanes Francine or Helene.
They are offering payment extensions of up to 60 days to eligible customers who live in counties eligible for FEMA’s Individuals and Households Program. Interest may continue to accrue on deferred payment(s).
The fastest way for customers buying their vehicles to request an extension is by visiting www.ford.com/finance or through the Ford Credit app. They may also call, and lease customers must call, 1-800-723-4016 to request disaster relief.
People who want to lease or purchase a new vehicle may also qualify for payment deferrals for up to 120 days with financing from Ford Credit or Lincoln Automotive Financial Services. Contact local Ford or Lincoln dealerships in Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee or Virginia by Nov. 13 for eligibility and details. Read full article
Ukraine has captured oil rigs in the Black Sea as Kyiv’s forces deal another blow to Vladimir Putin’s Russian war machine.
Posting on Telegram, the Ukrainian State Border Service (DPSU) released images of the battle for the gas production towers near Snake Island, a Ukrainian territory that lies close to Romania’s east coast. Ukraine’s Boyko Towers are oil and gas drilling platforms located near Crimea in the Black Sea.
Ukraine took them back in September 2023 after Russian forces seized them in 2014 during the occupation of Crimea.
Energy infrastructure has become a crucial part of the conflict. Russia began striking Ukrainian power plants, and Kyiv has since reciprocated with attacks on Russia’s oil facilities.
The Zaporizhzhia nuclear plant was taken by Russia following its invasion in 2022, and has been the scene of fighting and rocket fire since. Read Press Release
Spanning an incredible 3,479 miles, the Nigeria-Morocco gas pipeline will connect the two nations, with some of the gas also being transported on to Europe.The proposed route for the pipeline will take around the edge of West Africa, passing through Benin, Togo, Ghana, Ivory Coast, Liberia, Sierra Leone, Guinea, Guinea-Bissau, The Gambia and Senegal as it links the two nations.
The huge pipeline, which it is expected will be able to transport up to 10 billion cubic metres of gas from Nigeria every year, is set to cost around £19billion.
Topographical surveys are being carried out in some regions, however it is currently unclear when the pipeline will be completed. Read Press Release
Companies that bring solar power to some of the poorest homes in Central and West Africa are said to be among the fastest growing on a continent whose governments have long struggled to address some of the world’s worst infrastructure and the complications of climate change. The often African-owned companies operate in areas where the vast majority of people live disconnected from the electricity grid, and offer products ranging from solar-powered lamps that allow children to study at night to elaborate home systems that power kitchen appliances and plasma televisions. Prices range from less than $20 for a solar-powered lamp to thousands of dollars for home appliances and entertainment systems. About 600 million Africans lack access to electricity, it said, out of a population of more than 1.3 billion.
Among the companies that made the Financial Times’ annual ranking of Africa’s fastest growing companies of 2023 was Easy Solar, a locally owned firm that brings solar power to homes and businesses in Sierra Leone and Liberia. The ranking went by compound annual growth rate in revenue. . Read more at
European Union countries failed to agree on whether to slap China-made electric vehicles (EVs) with steeper tariffs during a closely watched vote that ended with too many abstentions, forcing the European Commission to overcome the political impasse and push its proposal over the finish line.
The outcome of Friday’s vote was not publicly available, although several diplomats told Euronews how each member state positioned itself:
10 were in favour: Bulgaria, Denmark, Estonia, France, Ireland, Italy, Lithuania, Latvia, the Netherlands and Poland. (45.99% of the EU population)
12 abstained: Belgium, the Czech Republic, Greece, Spain, Croatia, Cyprus, Luxembourg, Austria, Portugal, Romania, Sweden and Finland. (31.36%)
Five were against: Germany, Hungary, Malta, Slovenia and Slovakia. (22.65%)
The high number of abstentions reflects long-standing qualms about how Europe should stand up to China. Although the political consensus says that Beijing’s unfair trade practices merit a forceful, united response, threats of commercial retaliation appear to have dampened the resolve of many capitals as the make-or-break date neared closer.
It was up to the Commission, which has exclusive powers to set the bloc’s commercial policy, to break the gridlock and ensure the duties go through. The extra tariffs are designed to offset the damaging effects of the subsidies and close the price gap between Chinese and EU firms. Read More
Neste enhances its chemical recycling capabilities by collaborating with Tepsa Netherlands on the storage and handling of liquefied waste plastic in Rotterdam, the Netherlands. This partnership, focused on the implementation of advanced aggregation tanks, underscores the company’s commitment to expanding its liquefied waste plastic processing capabilities and advancing the circular economy. Following successful industrial-scale processing runs, Neste is moving towards using larger quantities of liquefied waste plastic as a raw material at its Porvoo refinery in Finland and turning it into Neste RE™, a high-quality recycled drop-in feedstock for the production of new plastics and chemicals.
The aggregation tanks will be located in the Port of Rotterdam to optimize supply chains and streamline logistics. As Neste is securing liquefied waste plastic supply through various suppliers across Europe, this central and major logistics hub offers seamless connectivity to the continent’s expansive infrastructure. The state-of-the-art tank solution and surrounding infrastructure will ensure safe and reliable storage of liquefied waste plastic. The preparation and installation of the tanks have been meticulously planned demonstrating both companies’ commitment to safety and excellence. The tanks are expected to be operational in the second half of 2025, matching the schedule for the ongoing construction of capacity upgrading facilities for liquefied waste plastic in Porvoo. Read Press Release
Neste Corporation has yesterday received a notification under Chapter 9, Section 10 of the Finnish Securities Market Act (FSMA). The reason for the notification by BlackRock, Inc. is the Group restructure following the acquisition of Global Infrastructure Management LLC (“GIP”) on 1 October 2024. The aggregate holdings including financial instruments according to SMA 9:6a owned by BlackRock, Inc. and the entities referred to above amounts to 5.28% of the total number of shares of Neste Corporation. The share stock of Neste Corporation consists of 769,211,058 shares, each entitling one vote. Read More
Nissan unveiled the new Magnite compact SUV in India, where it will be manufactured and sold. The new model combines sleek new styling, innovative technologies, optimum efficiency, and reinforced safety features.
The introduction of new Magnite across Africa, Middle East, and India comes as part of a broad product offensive and Nissan’s move to position India as a manufacturing hub under the Arc, Nissan’s mid-term business plan.
Nissan aims to export nearly 100,000 units to more than 65 markets in total by 2026, representing the largest coverage for a vehicle produced in Nissan’s Africa, Middle East, India and Oceania region.
Bold styling & advanced tech
The Magnite is a striking compact SUV, with robust exterior styling complemented by LED lights front and rear, alloy wheels and roof rails.
Inside, the new Magnite adds a configurable TFT driver display, wireless Apple CarPlay and Android Auto, for seamless smartphone integration, as well as a wireless smartphone charger. Life-on-board has been enhanced with the addition of four-color adjustable ambient lighting.
Additionally, innovative new features include remote engine start, walk away lock and approach unlock functions, cooled glove box storage, and an on-board air ionizer – ideal for customers with allergies or respiratory conditions.
The updated Magnite features six airbags across all variants and the bodyshell’s integrity is reinforced with the use of reinforced steel and an auto dimming rear view mirror is available. Read More
The all-new 2025 Ford Expedition® lineup of full-size SUVs debuts – uncompromising in its role to help active families move up to eight people and fully redesigned to help them make the most of every minute together with better versatility, advanced technology and improved capability. Available as either standard-wheelbase Expedition or extended-length Expedition MAX, the fifth-generation Expedition delivers the things customers expect, such as comfort, roominess and connectivity and is improved with modern design, better cargo storage and a reimagined cabin experience that gives everyone access to technology and power.
From its largest-in-class 24-inch panoramic display, to available features such as the Flex Powered Console and an available class-exclusive 40/20/40 folding third-row bench seat, the Expedition team has found new ways to make traveling and gathering a uniquely Expedition experience. Expedition Active, King Ranch® and Platinum® include a standard 3.5-liter EcoBoost® V6 engine rated at 400 horsepower and 480 pound-feet of torque1. A High Output 3.5-liter EcoBoost with 440 horsepower and 510 pounds-feet of torque1 is standard for the all-new Tremor® and available for Platinum. Read More
Baker Hughes Rig Count: U.S. -2 to 585 Canada +5 to 223
U.S. Rig Count is down 2 from last week to 585 with oil rigs down 5 to 479, gas rigs up 3 to 102 and miscellaneous rigs unchanged at 4.
Canada Rig Count is up 5 from last week to 223, with oil rigs up 5 to 157, gas rigs down 2 to 63 and miscellaneous rigs up 2 to 3.
International Rig Count is up 16 rigs from last month to 947 with land rigs up 15 to 735, offshore rigs up 1 to 212.
The Worldwide Rig Count for September was 1,751, up 15 from the 1,735 counted in August 2024, and down 8, from the 1,759 counted in September 2023.
| Region | Period | Rig Count | Change |
| U.S.A | 04 October 2024 | 585 | -2 |
| Canada | 04 October 2024 | 223 | +5 |
| International | September 2024 | 947. | +16 |
Hyundai Motor Group (the Group) has showcased the use of its ‘X-ble Medical Exoskeleton (X-ble MEX)’ walking rehabilitation robot in aiding the recovery of injured soldiers with the release of a new campaign video titled ‘10M March’.
The video, created in collaboration with the Korean Armed Forces Medical Command, documents the use of ‘X-ble MEX’ at the Armed Forces Capital Hospital and delivers thousands of heart-warming messages of support from the public to the injured soldiers. The ‘10M March’ campaign draws inspiration from the daily rehabilitation routine of injured soldiers, likening the hospital corridor to a long march.
‘10M March’ portrays injured soldiers using ‘X-ble MEX’ to overcome the challenges of rehabilitation. The wearable exoskeleton reduces the physical burden on medical staff and is designed to make the rehabilitation process safer and more manageable.
Donated by the Group to the Armed Forces Capital Hospital last August, ‘X-ble MEX’ is an advanced medical rehabilitation robot developed by the Group’s Robotics LAB. The name X-ble MEX is a combination of the Group’s wearable robot brand ‘X-ble’ and Medical Exoskeleton. The Group’s wearable robot brand X-ble is derived from the term ‘X’, signalling the infinite potential of robotics technology, and the word ‘able’, meaning that anything can be realized.
Developed for the purpose of lower muscle reconstruction, the robot aids walking rehabilitation and supports complex training movements beyond simple walking assistance.
Through a real-time actuator control system, the robot helps patients move independently by assisting them with the strength needed to maintain balance for walking. It also supports various actions such as sitting, standing, walking, rotating and climbing stairs, which greatly enhances treatment efficiency and can motivate patients on their rehabilitation journey.
‘X-ble MEX’ also reduces the burden on medical staff by assisting patient movement. The robot can balance and reduce injury risk, as it lowers the chance of the patient falling backwards. Read More
Hyundai Motor Company and Waymo announced they have entered into a multi-year, strategic partnership. In the first phase of this partnership, the companies will integrate Waymo’s sixth-generation fully autonomous technology – the Waymo Driver – into Hyundai’s all-electric IONIQ 5 SUV, which will be added to the Waymo One fleet over time.
The IONIQ 5 vehicles destined for the Waymo fleet will be assembled at the new Hyundai Motor Group Metaplant America (HMGMA) EV manufacturing facility in Georgia and then integrated with Waymo’s autonomous technology. The companies plan to produce a fleet of IONIQ 5s equipped with Waymo’s technology in significant volume over multiple years to support Waymo One’s growing scale. Initial on-road testing with Waymo-enabled IONIQ 5s will begin by late 2025 and become available to Waymo One riders in the years to follow.
“We are thrilled to partner with Hyundai as we further our mission to be the world’s most trusted driver,” said Tekedra Mawakana, co-CEO, Waymo. “Hyundai’s focus on sustainability and strong electric vehicle roadmap makes them a great partner for us as we bring our fully autonomous service to more riders in more places.”
“Hyundai and Waymo share a vision to improve the safety, efficiency and convenience of how people move,” said José Muñoz, president and global COO of Hyundai Motor Company, and president and CEO of Hyundai Motor North America. “Waymo’s transformational technology is improving road safety where they operate, and the IONIQ 5 is the ideal vehicle to scale this further. The team at our new manufacturing facility is ready to allocate a significant number of vehicles for the Waymo One fleet as it continues to expand. Importantly, this is the first step in the partnership between the two companies and we are actively exploring additional opportunities for collaboration.” Source,
The Mercedes-AMG ONE (energy consumption combined weighted: 17.7 kWh/100 km plus 9.9 l/100 km | fuel consumption combined discharged battery: 14.6 l/100 km | CO₂ emissions combined weighted: 224 g/km | CO₂ class combined weighted: G | CO₂ class discharged battery: G)[1] has been the fastest production car on the Nürburgring-Nordschleife since October 2022 and has been unrivalled ever since. The only rival is the ONE itself. Now Mercedes‑AMG brand ambassador and DTM driver Maro Engel has once again significantly improved the lap time he set. With an officially measured and notarised time of 6:29.090 minutes for the 20.832-kilometre track, the hypercar with Formula 1™ technology beat its own record for production vehicles by over five seconds. This makes the Mercedes‑AMG ONE the first road car to beat the magic mark of 6:30 minutes. It is also the only series hybrid hypercar to date to have taken on the world’s most demanding racetrack and is the undisputed leader in the super-sports-car class. In order to achieve the lofty goals they had set for themselves, meticulous preparation was necessary. In addition, the track conditions had to be ideal in order to beat the 6:30 minute target. On September 23, 2024, at 6:56 p.m., on his third timed lap, Maro Engel achieved the new record. With temperatures of 15 degrees Celsius (air) and 20 degrees Celsius (asphalt), the legendary Nordschleife was dry throughout and offered perfect grip. The Mercedes‑AMG Hypercar brings Formula 1™ hybrid-drive technology from the racetrack to the road for the first time. With one combustion engine and four electric motors, the E PERFORMANCE hybrid delivers a total of 782 kW (1,063 hp), with the top speed capped at 352 km/h. The other motorsport technologies range from the carbon monocoque and carbon body to the engine/transmission unit as a stressed member and active aerodynamics to the pushrod chassis. With its complex technology, the two-seater Mercedes‑AMG ONE offers even more than a Formula 1™ racing car in some cases. It features the fully variable AMG Performance 4MATIC+ all-wheel drive with a hybrid-driven rear axle and electrically driven front axle with torque vectoring. Read More
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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