London, (Oilandgaspress) ––The drop in oil prices had BP shares down 1.4pc, to 399.1p and Shell off by 1.4pc, to 2516p. British Airways owner IAG up by 1.8pc, to 215.3p, Easyjet by 2.7pc, to 520.4p. Iran’s Supreme Leader Ayatollah Ali Khamenei cooled tensions on Sunday when he indicated there would not be any direct response to Israel’s limited attack..
Under the presidency of His Majesty King Mohammed VI of Morocco and His Excellency Emmanuel Macron, President of the French Republic, the government of the Kingdom of Morocco and TE H2, along with its partners, signed a Preliminary Contract for Land Reservation for the ‘Chbika’ project.
This agreement will allow TE H2, a joint venture between TotalEnergies and the EREN Group, together with the two Danish companies, Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund, and A.P. Møller Capital, through its Emerging Markets Infrastructure Fund, to launch the pre-FEED studies.
Located near the Atlantic coast in the Guelmim-Oued Noun region, the ‘Chbika’ project aims to build 1 GW of onshore solar and wind capacities that will power the production of green hydrogen through the electrolysis of desalinated seawater and its transformation into 200,000 tons per year of green ammonia for the European market. This project will constitute the first phase of a development program aimed at creating a world-scale green hydrogen production hub.
TE H2 and CIP will be responsible for the development of renewable energy production (solar, wind, green hydrogen, and its derivatives), while A.P. Møller Capital will develop the port and associated infrastructure. This contract, a first in Morocco, will highlight the country’s exceptional renewable potential and contribute to the economic development of the Kingdom. Read More
TotalEnergies announces that the Harald East Middle Jurassic nearby exploration well (HEMJ-1X) has discovered additional gas condensate resources in the Harald field, in the Danish North Sea.
Located in shallow waters, 250 km off the west coast of Denmark, the HEMJ-1X well was drilled in the Eastern part of Harald field and encountered 48 meters of net gas condensate pay in a good quality reservoir.
The HEMJ-1X well will be immediately connected to the Harald platform and is expected to start producing before the end of the year through the existing Harald and Tyra facilities.
“The success of the Harald East Middle Jurassic well, nearby our Harald facilities in Denmark, demonstrates the strength of our Exploration strategy. This additional discovery at the Harald field will contribute to Danish energy supply by boosting our existing production in the North Sea in line with the Danish National Compromise”, said Kevin McLachlan, Senior Vice President Exploration at TotalEnergies.
TotalEnergies is the operator of the Danish Underground Consortium with a 43,2% working interest, alongside Joint Venture partners BlueNord (36,8%) and Nordsøfonden (20%). Read More
Alpine ushers in a new era with the launch of the A290—the era of the electric sports car in Alpine mode, respecting the brand’s three pillars: an exhilarating driving experience, lightweight, as well as French savoir-faire. The A290 is a new entry point into the Alpine world and inaugurates Alpine’s 100% electric Dream Garage where it will soon be joined by the Sport Fastback A390 and the new A110. The A290 incorporates all the sensations so appreciated behind the wheel of the A110 into an urban sportscar. Developed in perfect coherence with Alpine’s DNA, the A290 is compact and agile, offering easy-to-use high performance while guaranteeing comfortable everyday use. Its Ampere-derived electric platform and the recharging, services developped by Mobilize Power. Solutions, such as two-way V2G recharge make it part of a complete electrical ecosystem offering the best possible experience.
With its cutting-edge design, first-class technical features, ultra-complete connectivity and numerous possibilities for personalising driving, the Alpine A290 is a true Alpine. But a new generation Alpine designed to embrace the electric era. It has been designed to appeal to a new range of male and female customers, some of whom will be performance-oriented, while others will be attracted by the style. The A290 is assembled at the Manufacture in Douai, within ElectriCity. The electric motor is also built in France at Cléon. The battery will be produced in France beginning in the summer of 2025. Read More
Launched in February in Qatar, the 2024 FIA WEC season returns to the Middle East for the final round in the Kingdom of Bahrain.
This eighth and final race of the calendar will also close the first campaign of the A424, the Hypercar with which Alpine Endurance Team returned to the premier category. Nearly two months after their first podium finish, Les Bleus will continue their learning process in all areas to extract their full potential in the future and will approach this meeting with reshuffled crews.
Nicolas Lapierre, appointed Alpine Endurance Team Sporting Director from 2025 onwards, will familiarise himself with his future duties at this race. For ergonomic reasons, Charles Milesi will replace him alongside Matthieu Vaxiviere and Mick Schumacher. Reserve driver Jules Gounon will make his fourth start this year, joining Paul-Loup Chatin and Ferdinand Habsburg in the sister car. Read More
Hydro Energi AS signed a long-term PPA with Markbygden Ett AB in 2017 for an annual baseload supply of 1.65 TWh in the period 2021-2039. The contract was a key enabler for financing and developing the onshore wind park Markbygden, located west of Piteå, in northern Sweden. The park’s annual production was estimated to be 2.2 TWh.
Due to significantly lower-than-expected production levels, Markbygden Ett AB has experienced financial challenges for several years. The wind park ceased power deliveries to Hydro on February 6, 2023, and entered into a company reorganization process in November 2023. As of third quarter 2024, non-delivered power since February 2023 amounts to 2.5 TWh.
According to the approved plan, Hydro is entitled to a total compensation of up to EUR 248 million as a settlement of the ongoing dispute relating to the company’s non-performance under the PPA, and as compensation to Hydro for the voluntary cancellation of the PPA. Any compensation to Hydro is subject to a future sale of the park, with the ultimate compensation received depending on the sale proceeds and an agreed value sharing mechanism. Hydro will continue to work constructively with the company towards improved operations and a future sale of the park. Read full article
In its mission to redefine how pipeline integrity is delivered to market, provider of AI-enhanced pipeline monitoring and leak detection technology, PipeSense, has announced the successful installation of three of its advanced systems across the U.S.
Supporting EnControl, a leading third-party control room company to the oil, gas, and hydrogen industries, PipeSense deployed its specialized ‘PipeSentry’ solutions to two separate natural gas systems in the American Midwest and one natural gas liquid system in the South.
Over the last 12 months, PipeSense has emerged as an industry leader in developing and delivering disruptive technologies that support pipeline operators to combat the consequences of leaks. Now, these new applications will further highlight the capabilities of PipeSense technology and how it ‘recalibrates’ customer expectations to fight back against the negative consequences of pipeline leaks for operators, communities, and the environment.
For the two natural gas systems – in Kansas and Michigan respectively – and a natural gas liquid system located in Tennessee, PipeSense met the client’s requirements to provide continuous leak detection monitoring. This was achieved by the recommendation of PipeSense’s pipeline leak detection system, PipeGuard. Via 24/7 monitoring, the PipeGuard system has been proven to accurately detect leaks without the risk of false positives.
Additionally, PipeSense was asked to provide automatic shut-in valve (ASV) control at one site location, which it was able to achieve through its customized system configuration capabilities. With delivery taking place in Q2 and Q3 this year (2024), PipeSense expects the clients to experience results in mitigating the potential risks caused by pipeline leaks shortly.
The delivery of these three systems follows a year of growth in which PipeSense has expanded the mileage guarded by its technology, including several high-consequence areas (HCA’s) throughout the Permian Basin, and additional projects in California, Kentucky, Illinois, Michigan, and Minnesota.
The experienced team behind PipeSense have decades of experience in selecting, developing, and deploying complex pipeline integrity management technologies. Since going to market as PipeSense, its team has noticed a ‘worrying’ trend of pipeline integrity negligence. Via its expertise and technology, PipeSense has demonstrated a new standard to make a positive difference in the communities and regions it works within. Read More
The Scorpion brand is celebrating its anniversary with one of its most challenging yet thrilling projects: the New Abarth 600e, the most powerful Abarth ever with 280 HP and 0 to 100 acceleration in 5,85 sec.
This revolutionary model is the result of a challenging project that not only involved Abarth’s experts but also the expertise of Stellantis Motorsport engineers. Together, they developed a state-of-art sporty BEV platform: the Perfo eCMP where the technological transfer takes place giving birth to the New Abarth 600e.
A diabolic vehicle fully equipped to provide an extraordinary driving experience, and performance, along with power and disarming nastiness, which is its trademark feature. Its captivating “evil” essence can be seen in its muscular exteriors and large footprint, expansive wheels, aerodynamic rear spoiler, and aggressive yet sportive interiors. Together with the racing experts Michelin, Sabelt, JTEKT Torsen, and Alcon, Abarth studied and tested under many conditions the most suitable solutions to obtain the perfect combination for the most powerful Abarth ever.
The new model, developed with Stellantis Motorsport, marks an important step for Abarth as it sets the new standard for electric hot hatch cars and the sportiveness and electrification of urban cars thanks to its racing attitude.
The Scorpion Brand offers drivers a thrilling experience in all kinds of driving conditions with its two versions: the sporty Abarth 600e Turismo and the Scorpionissima limited edition, which comes in 1,949 units – an homage to the brand’s founding year.
Starting tomorrow, the most powerful Abarth ever is available for orders in the main European countries in both versions: the New Abarth 600e Turismo and the Scorpionissima model. Read Press Release
Free2move Charge, Stellantis 360-degree ecosystem designed to deliver seamless charging and energy management solutions introduces Free2move Charge Go, the second of the three strategic pillars: Free2move Charge Home, Free2move Charge Go and Free2move Charge Business. Designed to ensure that customers can easily access the most extensive and reliable public charging network across Europe, Free2move Charge Go makes EV charging electric easier and more efficient than ever.
Free2move Charge promise is to make it “easy to Always Be Charged” by simplifying the EV charging experience with end-to-end customer centric approach, providing tailored solutions for drivers at home, at the workplace, and on the go. Powered by tech partner Free2move eSolutions, the ecosystem delivers seamless hardware, software, installation, and complete service integration. Free2move Charge Go is design-to-customer solution, providing a simple and accessible public charging experience ensuring that drivers can access charging points, initiate charging, and manage payments with just three clicks. It offers best-in-class service through four key pillars: Coverage: Free2move Charge Go provides access to over 800,000 charging points across 29 European countries, covering 96% of the public charging points market. The charging network is accessible through the Free2move Charge App and includes AC (up to 22 kW) and DC fast-charging stations (50 kW-350 kW). Whether in urban centers or rural areas, drivers can confidently find a charging station at their location. Read more
To celebrate the indissoluble link between Alfa Romeo and Nicola Larini, 1993 DTM champion with the Alfa Romeo 155 V6 TI, the Stellantis Heritage department (Alfa Romeo, Fiat, Lancia, and Abarth) has created and developed the 4C – Collezione GT “Nicola Larini” project, which will feature three unique and spectacular models based on the supercar which brought the Biscione brand back to the USA in 2014.
The project has been unveiled today in a video (link) made in Turin at the Officine Classiche and the virtual room of the Centro Stile Alfa Romeo, where Nicola Larini met up with Alessandro Ravera, Special Vehicles Operations Manager at Stellantis Heritage, and Alessandro Maccolini, the current Alfa Romeo Design Project Manager and the designer of the 4C. The video provides an exhilarating preview of these three collector’s items and highlights their exclusive look.
The decision to create this 4C tribute did not come about by chance. Nicola Larini had always expressed immense admiration for this vehicle, appreciating qualities which only a professional driver could comprehend, like its lightness, speed, reactivity, and grip. With a bold and aerodynamic design inspired by Alfa Romeo icons of the past, the 4C is a sporty vehicle with two bucket seats, rear-wheel drive, and a centrally placed engine, which is still impressive for a compact sports car today and capable of sending shivers down the spines of Alfa Romeo fans around the world. Read More
Kia Corporation has unveiled full details of the Kia Tasman, the brand’s first pickup truck. Marking the latest addition to Kia’s extensive lineup, which includes sedan, SUV, commercial and PBV (Platform Beyond Vehicle) models, the Kia Tasman sets the benchmark for Kia’s future pickup range.
The Kia Tasman has been designed to push the boundaries of what’s possible from a pickup and invites customers to ‘Dive into a New Dimension.’ With its purposeful design and cutting-edge technology, combined with class-leading convenience features and an ultra-spacious, comfortable cabin, the Tasman is poised to redefine standards in the sector, allowing drivers to explore new horizons.
Leveraging more than five decades of expertise developing special-purpose vehicles, including off-roaders, the Kia Tasman is a truly transformative pickup truck that effortlessly meets the needs of both work and leisure activities.
Progressive Pickup to Support a Broader Lifestyle
Injecting the legacy of Kia’s SUV models with exceptional off-road capability, including the robust Mohave, the Kia Tasman has been comprehensively engineered to meet customers’ diverse needs across all forms of terrain.
“Kia’s first-ever pickup truck was created from the ground up to transform the market and respond to the growing preference for lifestyle-oriented trucks with advanced features,” said Ho Sung Song, President and CEO at Kia. The Kia Tasman’s load bed is 1,512 mm long, 1,572 mm wide (1,186 mm between the wheels), and 540 mm deep, which provides best-in-class cargo capability of 1,173 liters (VDA). Thanks to a multi-skeleton, highly strengthened bed structure, the Kia Tasman can carry a maximum payload of 1,195kg in 2WD mode, in addition to a 3,500kg towing capacity. The Kia Tasman will initially launch in the Korean domestic market during the first half of 2025 before subsequently being introduced in Australia, Africa and the Middle East, with Saudia Arabia expected to be a particularly strong market. Read Press Release
The new Porsche Macan has inspired an innovative new space in Milan, featuring a cocktail bar and a restaurant. Themed around the distinctive Provence body colour of the new all-electric Porsche, The Flat by Macan is a 2,000-square-metre reimagination of a private apartment – one where art, design, music and conviviality come together for a unique visitor experience.The space, which will enjoy pride of place in the Scalo Farini district of the city for the next six months, was devised by Porsche Italia together with Lux Entertainment – the creators of the globally successful Balloon Museum, which has four traveling exhibitions on inflatable art currently running in Europe, America, and Asia.
For The Flat by Macan, Balloon Museum has created, in collaboration with its artists, six oversized interactive installations where visitors will be able to immerse themselves in a sophisticated sensory experience, rather than simply observing the art on display. The installations include Alex Schweder’s works ‘Our Joy’ and ‘Our Floating’; ‘Onde Sospese’ and ‘Invisible Ballet’ by Hyperstudio & Mauro Pace; Pepper’s Ghost with ‘M.A.I.A.’; and ‘TIGERS’ by Michela Picchi. All the artists are known for their avant-garde approach and ability to transform spaces into experiential environments. Read More
Porsche pocketed nine titles at the season finale of the North American IMSA series recently. The Stuttgart sports car manufacturer now aims to further expand these impressive results with the Porsche Penske Motorsport works team. At the final round of the year in the FIA World Endurance Championship (WEC), two world championship titles are still up for grabs in the top Hypercar class. Winning the manufacturers’ and drivers’ championships would crown an extremely successful year for Porsche. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $67.72 | Down |
| Crude Oil (Brent) | USD/bbl | $71.81 | Down |
| Bonny Light 28/10/24 , CBN | USD/bbl | $72.23 | Down |
| Dubai | USD/bbl | $75.46 | Up |
| Natural Gas | USD/MMBtu | $2.26 | Down |
| Murban Crude | USD/bbl | $70.91 | Down |
| OPEC basket 28/10/24 | USD/bbl | $71.59 | Down |
The Mercedes-Benz C-Class has received the top rating of “very good” in the current Euro NCAP assessment for driver assistance systems[1]. The tested model achieved a total of 182 points in the evaluation. The C-Class won this test round among five other contestants. The C-Class Saloon achieved 85% in the area Assistance Competence and 97% in Safety Backup. The Mercedes-Benz model performed particularly well thanks to the Active Emergency Stop Assist function: The vehicle can even change a lane to the right or left (country-specific) and stops in a controlled manner if the driver is no longer able to perform the driving task if, for example a medical emergency arises.. With more than 40 driving assistance systems, Mercedes-Benz models help to increase the safety of all road users. The C-Class with the optional Driving Assistance Package Plus includes functions such as Active Distance Assist DISTRONIC incl. Active Steering Assist, Active Speed Limit Assist, Active Stop-and-Go Assist, Active Lane Change Assist, Active Emergency Stop Assist, Evasive Steering Assist, Active Lane Keeping Assist, Active Blind Spot Assist, ATTENTION ASSIST, Active Brake Assist with cross-traffic function, as well as PRE-SAFE® PLUS and PRE-SAFE® Impulse Side. Read full article
The prestigious FIA GT World Cup will take place in Macau from 14 to 17 November. The seventh edition of the race organised by the FIA is once again part of the legendary Macau Grand Prix, which is being held for the 71st time this year. As the record winner with eight victories in the prestigious GT3 event, Mercedes-AMG will line up in the 2024 FIA GT World Cup with four Mercedes-AMG GT3s, which are entered by three Asian Customer Racing Teams.
Mercedes-AMG Team GMR from Hong Kong is relying on Maro Engel (GER), who is competing at the event for the tenth time. The three-time Macau winner will once again drive the #130 Mercedes-AMG GT3 sporting the anniversary livery celebrating 130 Years of Mercedes-Benz Motorsport. In Jules Gounon (AND), another Mercedes-AMG Performance Driver will be in action for Mercedes-AMG Team Craft Bamboo. The outfit, which is based in Hong Kong as well, is also fielding a second entry with Daniel Juncadella (ESP). The 33-year-old won the 2011 Formula 3 Macau Grand Prix. Mercedes-AMG Junior Driver Ralf Aron will make his GT debut in Macau with the #7 Mercedes-AMG GT3 of Toro Racing, a team hailing from Mainland China. On his Formula 3 debut in 2017, Aron achieved a podium finish straight away.
The FIA GT World Cup 2024 race weekend comprises five sessions. Two 30-minute practice sessions on Thursday serves as preparation. On Friday, a qualifying session over half an hour will determine the starting positions for the qualifying race, which is scheduled for 12 laps on Saturday. Read full article
Bentley Motors announced the continuation of its creative collaboration with acclaimed British fashion designer, Supriya Lele, unveiling a new bespoke colour, Nīla Blue, which will be available exclusively to Mulliner customers. Deeply inspired by Lele’s Indian heritage, Nīla Blue draws its name from the Sanskrit word for “sapphire” and represents a seamless blend of personal history and artisanal craft. This distinctive hue, infused with personal and cultural significance, represents the seamless fusion of automotive luxury and high fashion, reflecting the ultimate in craftsmanship, innovation, and personalised expression.
Bentley Mulliner is renowned for its ability to craft virtually any colour imaginable. Whether inspired by the world of fashion, art, or personal memory, Mulliner’s artisans work closely with each client to develop bespoke paints that reflect individual vision and style. Nīla Blue stands as an example of how Mulliner can create something wholly unique, translating a client’s aspirations into a lasting expression of craftsmanship.
Known for her sensual, delicately crafted, and body-celebrating silhouettes, Lele has always been inspired by the colour blue, a shade she frequently uses in her fashion collections. Her connection to the colour is rooted in her Indian heritage and further influenced by William Gass’s 1976 philosophical treatise ‘On Blue,’ which explores the symbolic significance of blue in relation to themes of sex, sleaze, and sadness. This bespoke hue, subtle yet distinctive, echoes the sense of luxurious restraint and enduring elegance that defines both her collections and Mulliner’s design philosophy. Read full article
The 2024 edition of the Autostyle Design Competition, the international event dedicated to design in the automotive sphere, took place on the morning of Friday, October 25 at the picturesque Villa Schiarino Lena, located just outside Mantua and attended by some of the most prestigious Style Centers worldwide.
During the event, the designers shared the latest innovations and trends in the world of automotive design, offering an in-depth view of not only automobile evolution but also other sectors of industrial design. The engaging presentations enabled attendees to understand how creativity and innovation continue to redefine the future of mobility.
Automobili Lamborghini was represented with a presentation by its Design Director Mitja Borkert and his team at the Centro Stile, who illustrated the latest innovations from the House of Sant’Agata Bolognese, including the new HPEV super sports car Temerario, a perfect example of Lamborghini’s design DNA. Read full article
Baker Hughes Rig Count: U.S. unchanged at 585 Canada -1 to 216
U.S. Rig Count is unchanged from last week at 585 with oil rigs down 2 to 480, gas rigs up 2 to 101 and miscellaneous rigs unchanged at 4.
Canada Rig Count is down 1 from last week to 216, with oil rigs down 3 to 150, gas rigs up 2 to 66 and miscellaneous rigs unchanged at 0.
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 U.S. Offshore Rig Count is unchanged at 18, down 6 year-over-year.
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 | 24 October 2024 | 585 | — |
| Canada | 24 October 2024 | 216 | -1 |
| International | September 2024 | 947. | +16 |
Bugatti’s long-held ethos of ‘form follows performance’, the W16 Mistral is defined by the harnessing of air. The truly elemental driving experience is only made possible by a century-born mastery of aerodynamics; both fused together to form an open-air masterpiece – an intense roofless experience at 420 km/h that celebrates design and engineering at its zenith.
For Bugatti’s master designers, the quest to perfect the art of aerodynamics began at the very front of the W16 Mistral – with an icon of the Bugatti marque reimagined for pushing the boundaries of innovation. The inimitable Bugatti horseshoe grille was crafted in a new form for the W16 Mistral, widened and equipped with perfectly aligned 3D-printed meshes to channel air into the central radiator – harnessing its power to provide critical cooling for the 1600 PS, quad-turbo W16.
The horseshoe grille channels the ingenuity of Bugatti’s design heritage, but the designers of the W16 sought to honor the spirit of the marque’s legendary innovation yet further. Read More
Volkswagen of America, Inc. announced new collision avoidance alerts that can provide advance warning to Volkswagen drivers of oncoming roadside hazards and notify certain oncoming vehicles that a Volkswagen vehicle is disabled. Starting later this fall, this feature will be included with VW Car-Net Safe & Secure subscriptions at no additional charge for most MY24 and MY25 Volkswagen vehicles equipped with the proper technology.
Volkswagen is the first automaker in the United States to integrate H.E.L.P. ® (Hazard Enhanced Location Protocol) and Road Awareness collision avoidance alerts within a suite of connected vehicle services. When a Volkswagen vehicle is disabled on the road, the driver can activate Vehicle H.E.L.P. mode which will send digital alerts to certain oncoming drivers notifying them that they are approaching a disabled vehicle. Vehicle H.E.L.P. can be activated manually when the driver turns on their hazard lights or automatically when airbags deploy. With Road Awareness Alerts, Volkswagen drivers can receive digital notifications when they are approaching certain disabled vehicles or in the path of an emergency vehicle. These alerts are delivered through cellular-vehicle-to-everything (C-V2X) technology and give advanced warning to drivers allowing them more time to respond to potential danger on the road ahead. Read More
Daimler Buses Italia will deliver a total of 110 all-electric Mercedes-Benz eCitaro low-floor city buses to Autoservizi Troiani S.r.l. by mid-2026. The first ten solo vehicles from this order are already operating on public transport routes in the east of the Italian capital Rome – in Grotte Celoni, Ponte Mammolo, Pantano, Rebibbia, Torre Maura, Esposizione Universale di Roma and the surrounding districts. They underline Autoservizi Troiani’s commitment to environmentally friendly mobility, passenger comfort and service quality.
With the purchase of 40 Mercedes‑Benz Citaro hybrid buses at the beginning of 2024, the company started to realise its goal of fully converting local public transport to electric mobility in the suburbs of the Italian metropolis.
A green and emission-free future for Rome
65 of the new 110 Mercedes-Benz eCitaro buses are equipped with NMC3 batteries, which provide each bus with a range of up to 280 kilometres without recharging. The remaining 45 units will be equipped with the next-generation NMC4 batteries. The 12-metre-long electric city buses are painted with white lettering on a dark red background – the distinctive look of Rome Municipality. Read More
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