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• Oil Giant BP Is Getting Serious About EV Charging
  By: CarScoop - British Petroleum’s EV charging unit, BP Pulse, has put in a large order of charging...
  By: CarScoop - British Petroleum’s EV charging unit, BP Pulse, has put in a large order of charging stations from Tritium Charging. The order is the manufacturer’s largest ever and will see chargers installed in the United States, Europe, and Australia under the BP Pulse brand.
  
  The precise size of the order has not been revealed, but Tritium says that it comes as part of a multi-year contract that was announced in April 2022. It will supply BP Pulse with a mix of 50 kW RTM and 150 kW PKM chargers.
  
  Tritium calls the 50 kW RTM charger one of the most advanced DC chargers available today. Its modular design is intended to make it suitable for dealerships, retail locations, hotels, and other public spaces. The 150 kW PKM model, meanwhile, is designed for fleets and heavy commercial use.
  
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• Musk Says Peak Oil Demand Arrives Within 5 Years
  By: InsideEV - Elon Musk has announced he thinks that the world will reach peak oil demand within the...
  By: InsideEV - Elon Musk has announced he thinks that the world will reach peak oil demand within the next five years, which seems to be in-line with what the International Energy Agency (IEA) predicted in a report it published in late 2022. The IEA said the demand for oil would level off around the middle of this decade and then start to go down towards the year 2050 (and presumably beyond).
  
  According to IEA Executive Director Fatih Birol,
  

  Energy markets and policies have changed as a result of Russia’s invasion of Ukraine, not just for the time being, but for decades to come. Even with today’s policy settings, the energy world is shifting dramatically before our eyes. Government responses around the world promise to make this a historic and definitive turning point towards a cleaner, more affordable and more secure energy system.

  
  The IEA also presents several possible scenarios that will affect when peak oil demand is reached.
  
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• "Oil Demand Could Plunge By 30% Over Next 5 Years" Cathie Wood
  By: MarketWatch...
  By: MarketWatch - Crude-oil prices are up thus far in 2023, but fund manager Cathie Wood sees a substantial drop in global oil uptake that could result in a powerful swing lower for the fossil fuel.
  
  “We believe that the demand for oil,” estimated to be at about 100 million barrels a day, “is going to drop over the next five years” by 30%, Wood said on Thursday during a quarterly seminar for clients of ARK Invest’s suite of funds.
  

  
  
  That’s “because of not only electric vehicles and the increased in electric-vehicle miles,” but also autonomous taxi services, Wood predicted, referencing her popular holding, Tesla Inc.
  
  
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• Harbour Energy To Cut Jobs Due To Windfall Tax
  By: EnergyNewsLive - Harbour Energy, one of the largest ...
  By: EnergyNewsLive - Harbour Energy, one of the largest North Sea oil and gas companies has said it will cut jobs following an increase in the windfall tax for oil and gas production profits, the Energy Profits Levy (EPL).
  
  A few months ago, the government announced the EPL will rise from 25% to 35%, as part of its measures to tackle the cost of living crisis.
  
  Although the energy giant has not yet confirmed how many employees will be made redundant, it has been reported that most of those will be Aberdeen-based.
  
  A Harbour Energy spokesperson told ELN: “Following changes to the EPL, we have had to reassess our future activity levels in the UK.
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• SLB Wins Russia Business As Oilfield Rivals Exit

  Reuters - Following Moscow's invasion of Ukraine, world's largest oilfield firm SLB (SLB.N) has boosted its business in Russia by cherry-picking service and equipment contracts from rivals who left, according to company documents and people familiar with its operations.

  
  

  While SLB's continued embrace of Russia has drawn sharp criticism, interviews with two people close to the company and industry sources, as well company documents reviewed by Reuters show SLB's decision to help Russia increase oil and gas production with its services and drilling equipment has paid off.

  
  

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