London, 08 December, 2023, (Oilandgaspress): – Organization of the Petroleum Exporting Countries has pumped 27.81 million barrels per day (bpd), the survey on Wednesday found, down by 90,000 bpd from October a Reuters survey found. oil demand outlook remains bleak
Russian President Vladimir Putin visited Saudi Arabia for a meeting with Crown Prince Mohammed bin Salman (MbS) on Wednesday, December 6 to discuss various issues, including oil production, OPEC+, and the conflicts in the Gaza Strip and Ukraine.
The meeting in Saudi Arabia follows Putin’s arrival in Abu Dhabi for talks with President Sheikh Mohammed Bin Zayed Al Nahyan. Additionally, Putin is expected to host Iranian President Ebrahim Raisi in Moscow on Thursday.
OVER 1,000 DACIA SITES SHOWCASING THE NEW BRAND IMAGE
In early 2022, Dacia began deploying its new identity across its sales network. The brand is seeking to boost the appeal and visibility of its sales points, while continuing to deliver the best value for money on the market. This more contemporary approach starts with restyled showrooms and eye-catching external signage.
By November 2023, over 1,000 dealerships had already deployed the new brand image, with the pace increasing significantly in 2023. More than 750 sites in the primary network have adopted the new image this year, or three every working day. Read full article
The new John Cooper Works logo, which is characterised by clear outlines, stands out particularly well with its traditional red, white and black colour scheme and the symbolised chequered flag on the octagonal front grille. The powerful appearance of the MINI Cooper SE in JCW Trim is achieved, among other things, by 18-inch wheels in Lap Spoke 2-tone design with ten spokes each and JCW brake callipers in eye-catching red. Bonnet stripes on the body emphasise the sporty character.
As standard the MINI Cooper SE in JCW Trim includes striking diffusers at the front and rear. The radiator grille surround and logo are finished in high-gloss black. Visual highlights include the contrasting roof and the mirror caps in Chilli Red. Read full article
Hyundai IONIQ 6 has been named The Best EV of 2023 by The Drive for its compelling mix of performance, practicality, and accessibility. The Drive’s editors praised the IONIQ 6’s sporty driving feel, spacious interior, and overall refinement. This is the second year for The Drive Awards in which the brand presents their signature golden slash to the best new vehicles tested over the last year.
“We’re honored to receive The Drive’s Best EV Award for the Hyundai IONIQ 6,” said Ricky Lao, director, product planning, Hyundai Motor North America. “This recognition highlights our commitment to building electric vehicles with class-leading performance, sleek styling compelling practicality and smart tech.” Read full article
J.D. Power ranked Hyundai’s MyHyundai with Bluelink app No. 1 among manufacturers’ ICE mobile apps in the J.D. Power 2023 U.S. OEM ICE App ReportSM, released this week. The MyHyundai with Bluelink app outperformed all other apps evaluated in the study, achieving a score of 803 — 74 points higher than the report average of 729. “We are pleased to be recognized for providing more than two million customers with the top mobile application for vehicle owners,” said Manish Mehrotra, vice president, digital business planning and connected operations, Hyundai Motor North America. “The improved year-over-year results of this study showcase Hyundai’s commitment to always improving the customer experiences and our relentless focus on providing them with the best technology in the industry.”
The MyHyundai with BlueLink app was also ranked amongst segment leaders in the customer journey and functionality categories. The app was noted for its experience enhancements to vehicle status and diagnostic data, as well as its improved remote command execution timing. The app was also recognized for its robust set of remote-control capabilities, including surround camera access, detailed remote vehicle status and phone-as-key technology. Read full article
Ducati and Bentley are proud to jointly announce a new, limited-edition motorcycle that celebrates the best of both iconic brands: the Ducati Diavel for Bentley. Born from a collaboration between the two manufacturers, the project links Ducati and Bentley with a vision of performance, craftsmanship and exclusivity. The result is a striking synthesis of technology, style and performance capable of making enthusiasts dream. The bike will be revealed to the public tonight with a ‘fuorisalone’ event at Art Basel in Miami, the overseas edition of the most prestigious European contemporary art fair.
On the sophisticated technical base of the high-performance and comfortable Diavel V4, Ducati has integrated characterising elements of the Bentley Batur – of which only 18 examples will be handcrafted by Bentley – to create a motorcycle unique in terms of elegance and design. The Diavel for Bentley will be created in a numbered series limited to 500 examples, plus an additional 50 even more special “Ducati Diavel for Bentley Mulliner” motorbikes. The latter are reserved for Bentley customers, and include the personalisation and individuality that is so intrinsic to the Batur on which the bikes are based. Read More
The Hyundai IONIQ 5 and Kona have been honored with a pair of prestigious 2024 Kelley Blue Book Best Buy Awards. The IONIQ 5 won the Electric Vehicle category for a second year in a row and the Kona claimed the Subcompact SUV Award category. Recognized as benchmark models in their respective segments, the Hyundai IONIQ 5 and Kona stood out to Kelley Blue Book editors for their remarkable strides in technology, efficiency, safety, and design. Now in their tenth year, KBB.com’s Best Buy Awards continue to evolve to reflect today’s dynamic automotive landscape. The organization’s comprehensive process includes an analysis of vehicle-related data, including vehicle transaction prices, KBB.com’s 5-Year Cost-to-Own data, consumer reviews, ratings, and retail sales information. Read full article
Porsche, the state of Baden-Württemberg and the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) to jointly pursue direct air capture (DAC) technology.The seventh annual meeting of the Baden-Württemberg Automotive Industry Strategic Dialogue (SDA) in Berlin marks a milestone in the collaboration between the Baden-Württemberg state government, Porsche AG and the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW). State Premier Winfried Kretschmann, Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche AG, and Professor Frithjof Staiß, Managing Director of ZSW, jointly signed a letter of intent to further develop and support direct air capture (DAC) technology. This technology has the potential to make a significant contribution to the fight against climate change. Porsche relies on future technology with DAC process
Reducing CO2 emissions alone is not enough to limit global warming. Rather, in the decades to come there must be a parallel effort to remove CO2 from the atmosphere on a major scale. DAC is a method of removing CO2 from the air. The CO2 can then be used as a raw material for the likes of renewable synthetic fuels (eFuels), products – or applications such as beverages, plastics or graphite for battery production. It can also be stored in the ground on a long-term or permanent basis. With DAC, Porsche is focusing on an important future technology that is on the threshold of mass production – and is now bringing the subject to the SDA context. Read full article
The BMW Group Technology Office USA is celebrating 25 years in Silicon Valley with an event featuring immersive workshops, exclusive technology demonstrations, and exciting mixed reality, multi-sensory driving experiences at Levi’s Stadium. The celebration will be highlighted by the North American debut of the BMW Vision Neue Klasse and a panel discussion entitled “Humanizing Technology,” with insights from BMW Group Member of the Board of Management, Development, Frank Weber. Weber will be joined by Futurist, Neuroscientist & Technologist Poppy Crum, Head of Trust & Safety at Airbnb Naba Banerjee, and Head of Product at Meta for Work Micah Collins. The conversation will be moderated by renowned technology expert, David Pogue.
“Cutting-edge technological ideas with a lot of potential, developed in the world’s beating heart of high-tech, and perfected in our worldwide innovation network. This is how our BMW Tech Office in Mountain View works,” said Weber. “I am very excited to see what visionary impulses for our ground-breaking innovations our team will keep on creating in the future.” As an advanced R&D facility, BMW Group Technology Office USA is focused on emerging technologies, user-centered thinking, and product design to envision the future of BMW Group products. A team of creative thinkers, visionaries, and engineers are charged with exploring what’s possible, and pushing the envelope to create the best, and most innovative experiences for BMW Group customers. For the first time the BMW Group Technology Office USA opens its doors to media, stakeholders and partners for an inside look and showcase of some of their past, present, and future projects. Read More
The BMW Motorrad Motorsport factory rider family is expanding further with the addition of Frenchman Sylvain Guintoli and Briton Bradley Smith. Both have been fixtures in international racing for many years, participating in various world championships with high-displacement racing motorcycles from different manufacturers. Now, as riders of the newly formed test team, they will bring their extensive expertise to the development and testing of the BMW M 1000 RR.
41-year old Guintoli has comprehensive experience in various areas of motorcycle racing. He has been a two-time world champion, winning the FIM Superbike World Championship (WorldSBK) in 2014 and the FIM Endurance World Championship (FIM EWC) in 2021. He also spent several years in MotoGP. In addition to his work in the BMW Motorrad Motorsport test team, Guintoli is set to participate in the FIM EWC with the BMW Motorrad World Endurance Team. The detailed rider lineup for the team will be announced shortly.
33-year old Smith is primarily known for his time in MotoGP. The Briton began his lengthy international career in the 125cc class of the world championship. After two years in the Moto2 class, Smith moved up to MotoGP in 2013, where he remained active until 2020. Additionally, Smith won the Suzuka 8 Hours endurance race in 2015. Now, he joins the BMW Motorrad Motorsport family as a test rider. Read More
Tata Motors, India’s largest commercial vehicle manufacturer, and HDFC Bank, India’s largest private sector bank enter into a Memorandum of Understanding (MoU) to provide attractive digital financing solutions for its commercial vehicle customers. This collaboration marks a significant leap in enhancing the accessibility of financial services for Tata Motors commercial vehicles customers. Under this partnership, Tata Motors customers can now seamlessly access HDFC Bank’s vehicle financing solutions through Tata Motors’ Online Sales Platform and the innovative Tata e-Guru mobile application. The integration of financial services into the digital ecosystem will ensure a streamlined process, allowing customers to select their preferred financier that suits the requirements.
Commenting on this collaboration, Mr. Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors, said, “As a customer centric company, we are delighted to onboard HDFC Bank on Tata Motors Online Sales Platform and e-Guru, providing our customers with easy and flexible financing options. This partnership aligns with our commitment to enhancing customer experience through innovative digital solutions. By integrating HDFC Bank’s expertise and reach, we aim to empower our customers with a range of financial choices that suit their unique needs. This collaboration is a crucial step in our commitment to driving excellence in both product offerings and customer service.” Read More
| Oil and Gas Blends | Units | Oil Price US$/bbl | Change |
| Crude Oil (WTI) | USD/bbl | $71.29 | Up |
| Crude Oil (Brent) | USD/bbl | $75.86 | Up |
| Bonny Light | USD/bbl | $75.09 | Up |
| Saharan Blend | USD/bbl | $74.71 | Down |
| Natural Gas | USD/MMBtu | $2.56 | Up |
| OPEC basket 06/12/23 | USD/bbl | $78.31 | Down |
At COP28 In Dubai, NNPC Ltd. Seals LNG Deals For Domestic, International Markets …Agreement On 421 Tonnes Per Day Small-Scale LNG Project In Ajaokuta And MoU On Floating LNG In its efforts to further boost natural gas utilization in the country and enhance Nigeria’s gas revenue, NNPC Ltd. has signed two major agreements to deliver LNG to the domestic gas market and the international LNG market. During two separate signing ceremonies held on the sidelines of the on- going United Nation’s Climate Change Conference (also known as COP28), NNPC Ltd. signed an MoU with Wison Heavy Industry Co. Ltd, a Chinese company, for the development of floating LNG project in Nigeria, targeting the international LNG market. Also, NNPC Prime LNG Ltd., an arm of NNPC Trading Ltd., signed a Supply, Installation and Commissioning Agreement with SDP Services, an independent oil and gas company, for a 421 tonnes per day LNG project targeting the domestic LNG market.
The Floating LNG MoU was signed by the Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye on behalf of NNPC Ltd and Mr. Kai Xu, Managing Director of Wison Ltd, on behalf of his company. Both parties agreed to work together to chart a roadmap for the project development that will lead to an investment decision.
Similarly, the Small-Scale LNG (SSLNG) Project agreement was signed by the Managing Director, NNPC Trading Ltd., Mr. Lawal Sade, on behalf of NNPC Prime LNG Ltd. while Mr. Abhinav Modi, Managing Director of SDP Services Ltd., signed on behalf of his company.
The SSLNG Project, which will be located at Ajaokuta in Kogi State, Central Nigeria, will ensure the efficient supply of LNG to the Autogas/Compressed Natural Gas (CNG) and industrial/commercial customers nationwide. The LNG Project is expected to be operational by December 2024. Read More
Shell sees $6 billion worth of oil and gas investment opportunities in Nigeria, the country’s presidency said following a meeting of senior executives of the supermajor with Nigerian officials. Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director, and the top executives of Shell’s Nigerian unit, Shell Nigeria PLC, held talks on Thursday with Nigerian President Bola Ahmed Tinubu in Abuja. According to presidential spokesperson Ajuri Ngelale, Shell has identified a $5 billion investment opportunity in Nigeria’s offshore oil exploration and production, and has said it would invest another $1 billion within 10 years to ramp up natural gas production in Nigeria for domestic supplies and exports. Read More
U.S. Rig Count is up 1 from last week to 626 with oil rigs down 2 to 503, gas rigs up 3 to 119 and miscellaneous rigs unchanged at 4.
Canada Rig Count is up 2 from last week to 194, with oil rigs down 2 to 120, and gas rigs up 4 to 74.
International Rig Count is up 16 rigs from last month to 978 with land rigs up 15 to 758, offshore rigs up 1 to 220.
| Region | Period | Rig Count | Change |
| U.S.A | 07 December 2023 | 626 | +1 |
| Canada | 07 December 2023 | 194 | +2 |
| International | November 2023 | 978 | +16 |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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