London, 29 August, 2023, (Oilandgaspress) : Globally, fossil fuel subsidies were $7 trillion in 2022 or 7.1 percent of GDP. Explicit subsidies (undercharging for supply costs) have more than doubled since 2020 but are still only 18 percent of the total subsidy, while nearly 60 percent is due to undercharging for global warming and local air pollution. Differences between efficient prices and retail fuel prices are large and pervasive Read More
SaverOne 2014 Ltd., a technology company engaged in advanced transportation safety solutions, announced the launch of a three new international pilot projects. The projects are all initial pilot projects on a limited number of vehicles for SaverOne’s technology to prevent driver distraction from cellphones. The three projects include the heavy trucks of a fuel delivery company in the United States, the heavy trucks of a global building materials company’s subsidiary in Europe and buses operating in a country in the Gulf region. “These three new international pilots for SaverOne very much demonstrate the demand and potential of the SaverOne solution globally.” commented Ori Gilboa, CEO of SaverOne. “As we all know, distracted driving is a global problem, and over the coming months, we hope to effectively demonstrate the full capabilities of our technology in these new territories, as we have demonstrated in Israel, which includes reducing accidents, improving road safety and ultimately saving lives.” Read More
EVE Energy, a leading global lithium-ion battery manufacturer in its fifth year of its first international power battery order, will make its IAA Mobility debut in September. At the IAA Mobility 2023 exhibition, EVE Energy will showcase its power cell solutions for passenger vehicles that build on cylindrical and prismatic technical routes. The Company will show the entire life chain of cylindrical products, from raw materials to cells, systems, and battery recycling, while presenting high- and low-voltage prismatic products. Over the past decade, EVE Energy has achieved remarkable success in expanding its international power cell business, signing and delivering over millions worth of orders. Lexy Liu, the GM of International OEM Department at EVE Energy, recently marked the occasion by sharing insights into the company’s outstanding performance, emphasizing the spirit of continuous learning, teamwork, and a can-do attitude. Read More
Baidu, Inc. announced the expansion of Apollo Go, its autonomous ride-hailing platform, to expand its driverless car service to cover Wuhan Tianhe International Airport. This marks the first time in China that an autonomous ride-hailing service has been established between urban areas and an airport, as well as the first instance of Chinese autonomous vehicles connecting both urban roads and highways. The service is currently offered to selected Apollo Go users by invitation, and will be made available to the general public in September.The expansion of Apollo Go’s operation area to Wuhan Tianhe Airport is a significant step towards pioneering driverless airport transportation in China. It also means Baidu has now unlocked more challenging operation scenarios for its robotaxi fleet, making autonomous ride hailing service more accessible to the public.
The significant number of passengers traveling through Wuhan’s Tianhe Airport provides a strong foundation for the further growth of Baidu Apollo. Located 25 kilometers from the center of Wuhan, Tianhe Airport is one of China’s eight major regional hub airports. This year, Wuhan Tianhe International Airport has transported a total of 125,000 international regional passengers, placing it first in the central China region. The airport’s daily flight limit has increased from 700 to approximately 1000 flights, making it the leader in flight scheduling capacity in the central China region and one of the top airports nationwide. Read More
Rob Halloway succeeds Katja Bott as Head of Global Communications Mercedes-Benz Cars & Vans
Rob Halloway (48) will take over responsibility for global product, technology and brand communications at Mercedes-Benz Cars & Vans starting September 2023. This includes the passenger car brands Mercedes-Benz, Mercedes-Maybach and Mercedes-AMG as well as Mercedes-Benz Vans. He succeeds Katja Bott, who becomes CEO of the Mercedes-Benz Customer Assistance Center (CAC) Maastricht N.V. as of Sept. 1, 2023. The international service organization acts as a significant interface between the customer and the Mercedes-Benz brand.
Briton Rob Halloway has nearly 20 years of PR experience at Renault, Volkswagen and Mercedes-Benz, most recently as Communications and Events Director at Mercedes-Benz UK. In his current position as Marketing Director Mercedes-Benz Cars in the UK, he is responsible for all Mercedes-Benz marketing assets and campaigns in the entire European region, in addition to the brand centre Mercedes-Benz World in Surrey, UK. He has thus mastered the interplay between corporate headquarters, regions and markets, as well as PR and marketing, for many years.
Willem Spelten (44) will take over as Head of Corporate Communications from November 1, 2023. The department comprises the global internal and external corporate communications of Mercedes-Benz Group AG with the areas of Finance, Production, Sales, Human Resources, Integrity, Governance and Sustainability, External Affairs and Strategy, as well as the function of Group Spokesperson. Willem Spelten succeeds Tobias Just, who will take over a management function in Mercedes-Benz Sales from November 2023 after a joint familiarization phase. Please understand that we will communicate details of his new role at a later date. Read More
Xbox and Porsche will be showcasing a Taycan 4S with a unique, colourful livery wrap to celebrate the car manufacturer’s 75th anniversary. This uniquely wrapped all-electric Taycan 4S along with a 917 wrapped in the iconic “hippy” livery is being offered to Forza Horizon 5 players to mark this special anniversary starting today to download. Porsche has collaborated with Xbox to create six different Porsche-inspired Xbox Series X consoles with matching Xbox Wireless Controllers, each commemorating famous motorsport designs. These include that of the 917 Salzburg and the current 963, and for the first time all six of the designs can be seen by the public together at “gamescom”. The series is limited to 75 units worldwide, with each one only being available via a sweepstakes that is running until 1 October. Six lucky visitors to the Xbox stand at “gamescom” will also have the chance to take home one of the individually designed consoles.
At gamescom, Microsoft’s “Turn 10 Studios”, the developers of the Forza series, will be giving fans a first-hand look at Forza Motorsport’s single player career mode, “Builder’s Cup”. This latest edition to the Motorsport franchise, includes a suite of Porsche models to choose from including super sports cars, motorsport icons and historic models that can be raced on world famous tracks rebuilt for a new generation. Forza Motorsport will be available beginning 10 October 2023 on Xbox Series X|S, PC and Steam. Players can play up to five days early with the Premium Edition beginning 5 October 2023. Read More
Only a few hours to go before the appointment with Alfa Romeo’s history. On Wednesday, August 30th, at 5:00 p.m. CEST live from the Alfa Romeo Museum, the brand will be unveiling to the world an extraordinary project, created with the clear desire to become something unique and worthy of its history.
It will be a moment of pure Italian automotive excitement, to be experienced firsthand.
Experience it with us. Read More
| Oil and Gas Blends | Units | Oil Price $ | change |
| Crude Oil (WTI) | USD/bbl | $80.19 | Up |
| Crude Oil (Brent) | USD/bbl | $84.55 | Down |
| Bonny Light | USD/bbl | $85.89 | — |
| Saharan Blend | USD/bbl | $84.20 | — |
| Natural Gas | USD/MMBtu | $2.55 | Down |
| OPEC basket 28/08/23 | USD/bbl | $ 87.10 | Up |
U.S. Rig Count: -10 to 632, Canada +1 to 190
U.S. Rig Count is down 10 from last week to 632 with oil rigs down 8 to 512, gas rigs down 2 to 115 and miscellaneous rigs unchanged at 5.
U.S. Rig Count is down 133 rigs from last year’s count of 765 with oil rigs down 93, gas rigs down 43 and miscellaneous up 3. The U.S. Offshore Rig Count is down 1 to 16, down 2 year-over-year.
Canada is up 1 to 190 rigs.
Canada Rig Count is up 1 from last week to 190, with oil rigs down 3 to 116 gas rigs up 4 to 74.
Canada Rig Count is down 11 from last year’s count of 201, with oil rigs down 20, and gas rigs up 9.
| Region | Period | Rig Count | Change |
| U.S.A | 25 August 2023 | 632 | -10 |
| Canada | 25 August 2023 | 190 | +1 |
| International | July 2023 | 961 | +2 |
Ronan Cassidy, Shell plc’s Chief Human Resources and Corporate Officer, will step down with effect from 31 December 2023, and leave Group service thereafter.
Rachel Solway, currently Executive Vice President, Human Resources Organisation Development & Learning, will succeed Ronan with effect from 1 January 2024 and will be based in London.
Shell CEO Wael Sawan said: “I’d like to thank Ronan for his 35 years of distinguished service to Shell. In his eight years on the Executive Committee, Ronan has helped steer us through transformational change and several exceptional events, including the Covid-19 pandemic, with wisdom, integrity and foresight. He has championed employee engagement, ethical leadership and diversity, equity, and inclusion, and will leave having helped change Shell for the better.
“Rachel will bring a deep commitment to performance culture, and great energy and care for people, to this role. As we deliver more value with less emissions in the coming years, through a focus on performance, discipline and simplification, Rachel will help us collectively realise Shell’s full potential.” Read More
Neste, LyondellBasell, Biofibre and Naftex have created a value chain to combine bio-based polymers with natural fiber for the manufacturing of construction elements. The combination of polymers with measurable bio-based content and natural fiber in construction elements creates carbon storage which can help tackle climate change.
The cooperation sees Neste provide renewable Neste RE™, a feedstock for polymers production made 100% from bio-based materials such as waste and residues, to LyondellBasell. LyondellBasell processes the feedstock into CirculenRenew C14 polypropylene with measurable bio-based content as part of the company’s CirculenRenew™ portfolio. The polypropylene is then used by Biofibre to produce natural fiber reinforced plastics granules. In the final step, Naftex extrudes these granules into construction elements such as posts for fences or profiles for terrace deckings. Enabling more sustainable construction solutions By combining bio-based polymers with natural fiber, the partners are enabling the production of construction solutions that have a lower carbon footprint. The construction elements serve as a temporary carbon storage: during their use phase of several years or even decades, they can store the carbon that was previously sequestered from the atmosphere during the growth phase of the biomass used in the construction elements. An LCA study created by GreenSurvey for Biofibre confirms that the amount of carbon removed from the atmosphere by the biomass exceeds supply chain emissions from logistics and manufacturing of the reinforced plastics granules. Read More
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