• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, February 1, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Europe: Oil and Gas Companies Deploy More Fast-Charge Points Across Gas Stations

March 25, 2022
Stephen KotochiebyStephen Kotochie
in Europe
0
100% Waiver on EV Imports Commendable, Expand Recharging Networks – Energy Consultant

Electric vehicles on charge

Major European oil and gas companies like Shell, BP, TotalEnergies, and Repsol are adding more fast-charge points across gas stations to retain motorists switching to electric vehicles (EVs), according to GlobalData.

The leading data and analytics company estimates that EVs will quadruple in production, reaching 16.7 million by 2026. The key electric vehicle trends impacting the oil and gas industry are the growing presence in EV charging, potential opportunities in battery swapping, and catering to battery manufacturing.

Across the industry, automakers and suppliers are announcing bold strategies to pivot away from producing combustion vehicles and toward electric models. This has seen many companies race to secure vital supplies of batteries, EV components, and the raw materials needed to create them. EV metals such as lithium, cobalt, nickel, aluminum, cadmium, and zinc are among the most common metals used as raw materials for battery.

RelatedPosts

Ukraine May Boycott 2024 Olympics If Russians Take Part

Russia Launches Wave Of Missile And Self-Exploding Drone Attacks On Ukraine

Germany Agrees To Provide Ukraine With Leopard 2 Battle Tanks

Ravindra Puranik, Oil and Gas Analyst at GlobalData said:

“Such a huge shift towards EVs has major implications on the profitability of oil in the motor sector. Connected cars, autonomous vehicles, shared mobility services and electrification are all shaking up the business strategies of oil companies, which are pivoting away from combustion vehicles and towards electric models. Most companies have taken the acquisition route to add EV charging technology to their portfolio.”

Ravindra Puranik

In this regard, TotalEnergies has been the most prominent when it comes to Mergers & Acquisitions, having acquired a diverse range of companies from charging technology makers such as G2 mobility to battery manufacturers, according to GlobalData.

Network
Electric Vehicle being charged at a charging station

Companies Increase Footprint in EV

Generally, companies are beginning to increase their footprint in EV production. Japanese conglomerate Mitsui has gone one step further by venturing into original equipment manufacturing (OEM) for EVs.

“Mitsui has invested in EV makers Lucid and CaetanoBus to accelerate its mass adoption. It is also involved in EV battery manufacturing and charging through its investments in Forsee Power, The Mobility House, and CleverShuttle,” Puranik said.

Furthermore, Shell and TotalEnergies are leading the pack in terms of investment, by buying into areas across the EV ecosystem, from clean power generation, to battery technologies, and charging infrastructure. By 2025, Shell plans to deploy over 500,000 charge points worldwide, while TotalEnergies is targeting 150,000 charge points across Europe.

“Offering high-speed charging at petrol stations looks to be a sound strategy to retain existing customers while also attracting newer ones. With a mix of acquisitions and organic growth, oil majors are gradually establishing their charging infrastructure— not only in Europe but also across key markets in the US and Asia.”

Ravindra Puranik

The global oil and gas industry is facing headwinds from environmentalists on fossil fuel usage to contain its impact on climate change. Oil majors are aligning their businesses to facilitate the global transition from internal combustion engine to EV. The profits that they generate from core oil and gas operations will be used to finance their investment in clean energy technologies, including EV charging infrastructure, according to GlobalData.

Most companies have taken the acquisition route to add EV charging technology to their portfolio. China had the largest electric vehicle fleet by the end of 2021 while Europe’s EV fleet grew at a faster rate than China.

READ ALSO: President Akufo Addo to Lead Maiden Ghana CEO Vision

Tags: gasLithiumoiloil and gas

Related Posts

Ukraine May Boycott 2024 Olympics If Russians Take Part
Europe

Ukraine May Boycott 2024 Olympics If Russians Take Part

January 29, 2023
Russia Launches Wave Of Missile And Self-Exploding Drone Attacks On Ukraine
Europe

Russia Launches Wave Of Missile And Self-Exploding Drone Attacks On Ukraine

January 26, 2023
Germany Agrees To Provide Ukraine With Leopard 2 Battle Tanks
Europe

Germany Agrees To Provide Ukraine With Leopard 2 Battle Tanks

January 25, 2023
Top Ukrainian Officials Resign
Europe

Top Ukrainian Officials Resign

January 25, 2023
Rights Group Files Complaint In Germany Against Myanmar Military
Europe

Rights Group Files Complaint In Germany Against Myanmar Military

January 25, 2023
France: Workers Protest Against Raise In Retirement Age
Europe

France: Workers Protest Against Raise In Retirement Age

January 25, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Today Is a Do Or Die Affair!- Fans Share Their Expectations Ahead Of Ghana- Nigeria Match

Next Post

I Will Walk Barefoot From Accra to Lagos– John Dumelo Vows if Nigeria beats Ghana

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
Government has shown no competence in management of the virus- Mintah Akandoh
General News

There’s No Ministry Overseeing Agenda 111 Project- Akandoh

by Angeller AshongFebruary 1, 2023
Afia Schwarzenegger Can’t Be Quiet For Two Years – Nana Tornado Mocks
Entertainment

Afia Schwarzenegger Can’t Be Quiet For Two Years – Nana Tornado Mocks

by Esther Korantemaa OffeiFebruary 1, 2023
Civil Society Organisations Urged To Intensify Nationwide Community Awareness On HIV And AIDS.
General News

Civil Society Organisations Urged To Intensify Nationwide Community Awareness On HIV And AIDS.

by Emmanuel SarpongFebruary 1, 2023
You Don’t Want to Contribute to Ghana’s Growth- Finance Minister Fires State Entities
Vaultz Business

SIGA Projects 25% Contribution to GDP by SOEs in 2023

by Stephen M.CFebruary 1, 2023
Banks Collaborative Effort With Fintech Will Bring Optimism In The Financial Sector- GhIPSS, GAB
Finance

Banks Collaborative Effort With Fintech Will Bring Optimism In The Financial Sector- GhIPSS, GAB

by Gifty BansahFebruary 1, 2023
Chiefs Of Nkusum Traditional Area Revoke Title Given To Davis Iyalla As Amankorahen Of Yamoransa
General News

Chiefs Of Nkusum Traditional Area Revoke Title Given To Davis Iyalla As Amankorahen Of Yamoransa

by Emmanuel SarpongFebruary 1, 2023
Government has shown no competence in management of the virus- Mintah Akandoh
Afia Schwarzenegger Can’t Be Quiet For Two Years – Nana Tornado Mocks
Civil Society Organisations Urged To Intensify Nationwide Community Awareness On HIV And AIDS.
You Don’t Want to Contribute to Ghana’s Growth- Finance Minister Fires State Entities
Banks Collaborative Effort With Fintech Will Bring Optimism In The Financial Sector- GhIPSS, GAB
Chiefs Of Nkusum Traditional Area Revoke Title Given To Davis Iyalla As Amankorahen Of Yamoransa
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In