London,22 November, 2023, (Oilandgaspress): – Oil prices drops as OPEC+ producers unexpectedly delay meeting on output planned for Sunday. $76.44/bbl, Brent @ $81.17/bbl
Saab has received an order for the man-portable, multi-role weapon system Carl-Gustaf®. The order value is approximately SEK 1.3 billion and deliveries are planned 2024-2025. “This order proves yet again that Carl-Gustaf is the weapon system of choice for defence forces all over the world, trusted by soldiers facing the challenges of the modern battlefield,” says Görgen Johansson, head of Saab’s business area Dynamics. Due to the nature of the industry and circumstances concerning the customer, no further information regarding this order or the customer will be provided. Read full article
Hydrogen-Fueled HiAce Hydrogen HiAce is being tested in the off-road situations that make up a large part of Australian driving. Data gathered in the process will contribute to the future commercialization of hydrogen-fueled vehicles. Toyota has raced its hydrogen-powered Corolla in Super Taikyu since 2021, driven by a carbon-neutral vision that creates a future for internal combustion engines and ensures car lovers are not left behind. This technology, honed through motorsports with Morizo behind the wheel, is finally hitting public roads en route to commercialization. Toyota Times News tracks how hydrogen engine development has evolved through purposeful passion and action. Read full article
Emirates, one of the world’s largest international airlines, has become the first airline to operate an Airbus A380 demonstration flight with one of the aircraft’s four engines powered with Neste’s sustainable aviation fuel (SAF). Emirates’ flight demonstrates the potential of SAF as a more sustainable drop-in replacement for fossil-based jet fuel, matching its technical and chemical requirements. SAF can currently be used in up to 50% blends with conventional fossil jet fuel.
The A380 demonstration flight took off on 22 November from Dubai International Airport and is the result of close cooperation between Neste, Emirates, Airbus, Engine Alliance, Pratt & Whitney and Virent, with ENOC supporting the delivery of Neste’s SAF. The flight underlines the performance and compatibility of SAF as a safe and reliable fuel and contributes to the growing body of research carried out by the industry to study the beneficial effects of 100% SAF usage on aircraft emissions and performance.
The 100% SAF used on today’s flight also includes renewable aromatic content. The fuel’s characteristics are similar to conventional jet fuel, making it a so-called “drop-in” fuel, requiring no modifications to the aircraft or its engines before use. This is the first time that 100% drop-in SAF is used on an A380 aircraft, with the expectation of full compatibility across the aircraft’s existing systems. Read full article
Neste and Hightowers Petroleum, a leading wholesale fuel supplier serving customers in the Midwest region in the U.S., have formed a strategic partnership to offer Neste MY Renewable Diesel™ – the first TOP TIER™ certified renewable diesel fuel certified for its high quality.
This partnership enables Hightowers to supply Neste MY Renewable Diesel to customers across the Midwest region, where the company sees strong demand for lower-emission fuels, especially from the automobile industry. Many car manufacturers have committed to reducing greenhouse gas (GHG) emissions from “first fills” – i.e. resulting from the use of the fuel to fill new vehicles when leaving the production line to ensure they meet technical, storage and environmental requirements between the assembly lines and the delivery to customers. With the use of Neste MY Renewable Diesel, GHG emissions can be effectively reduced by up to 75%* compared with fossil diesel over its life cycle, and as a drop-in solution, it is compatible with all diesel engines, making it an ideal choice for first fill and testing. Read full article
Emerson announced its new TopWorx™ DVR Switchbox, an entry-level addition to the DV Series of valve position indicators. It combines a durable resin enclosure, compact size and a patented cam design that provides water and wastewater systems, food and beverage production lines and industrial utilities a reliable valve position feedback tool.
The TopWorx DVR Switchbox uses a low-profile indication to provide easy-to-read local position feedback. This is vital real-time data that helps technicians and plant operators keep processes on target. Engineered for harsh environments, it features stainless-steel components to provide a reliable, corrosion-resistant valve indication solution to keep customer processes running smoothly. Clear and highly reliable feedback of valve position helps process industry plants, platforms and pipelines operate with peak efficiency and safety without taking up additional production line footprint. Read full article
Emerson (NYSE: EMR), a global automation technology and software company, announced it has made a strategic investment in Frugal Technologies, a Danish-based company that offers fuel optimization technologies that reduce energy use and emissions in shipping fleets. The investment aligns with Emerson’s fuel management and propulsion control and optimization expertise in its marine systems and solutions business.
On average across vessel types, fuel consumption accounts for approximately 60% of operating costs. Frugal’s cloud-based propulsion optimization software uses AI technology to collect data related to dynamic conditions such as weather, cargo load and propulsion and develop optimal engine models for ships. Frugal estimates its propulsion solutions generate savings of up to 15% in fuel consumption, contributing to a lower carbon footprint. Read full article
Elon Musk has been getting a lot of attention for his latest rocket launch and his behavior on his social media platform X. On Wednesday, U.S. lawmakers asked the Securities and Exchange Commission to investigate Musk’s Neuralink brain implant company.
He’s got new troubles at Tesla as well.
The head of New York City’s pension funds, which own $946 million in Tesla shares, is demanding that Tesla’s board sanction Musk unless he apologizes for endorsing an antisemitic post on X. Smaller Tesla shareholders have also expressed concern. Read full article
U.S. Rig Count is up 4 from last week to 622 with oil rigs unchanged at 500, gas rigs up 3 to 117 and miscellaneous rigs up 1 to 5.
Canada Rig Count is up 1 from last week to 197, with oil rigs up 1 to 124, and gas rigs unchanged at 73.
International Rig Count is up 22 rigs from last month to 962 with land rigs up 27 to 743, offshore rigs down 5 to 219.
| Region | Period | Rig Count | Change |
| U.S.A | 21 November 2023 | 622 | +4 |
| Canada | 21 November 2023 | 197 | +1 |
| International | October 2023 | 962 | +22 |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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