April 23, 2025 Latest Energy / Automotive News and Analysis
London, April 23, 2025 (Oilandgaspress) –- Neste has signed an agreement to sell its proprietary technology NAPCON to Lummus Technology. NAPCON covers solutions in the field of interactive operator training simulators and game-aided learning systems, real-time process optimization, AI based process predictors and real-time process information gathering, monitoring and analytics. NAPCON products have been continuously developed to meet the high demands in process safety, profitability and competitiveness of production assets.
Neste has existing NAPCON installations in its sites optimizing production, ensuring operator competence and providing critical information for refinery steering and decision-making. In connection with the transaction, the parties have entered into a long-term service agreement to secure maintenance and development of installations in Neste’s refineries. To ensure continuity and leverage critical expertise, the transaction includes the transfer of key personnel. Lummus Technology, through Lummus Digital and in partnership with Ferroman, will provide NAPCON’s digital services to Neste.
Ferroman is a transatlantic provider of digital and engineering solutions for the steel and process industries with operations in the Nordics, Middle-East and Americas. Ferroman delivers advanced automation, AI-driven optimization, and project execution services to industrial customers in their green transition seeking increased efficiency, quality and sustainability.
Lummus Digital, a joint venture between Lummus Technology and TCG Digital, combines process engineering expertise with advanced data science to deliver digital solutions to customers.
The divestment is estimated to be completed by the end of May 2025. Read Related News
Backing up a city’s sole source of power In Melilla, a Spanish city on the North African coast, reused LEAF batteries help provide stability and power to over 90,000 residents. Isolated from any national grid, the city and its residents entirely depend on a single thermal power plant operated by a subsidiary of multinational energy company Enel. If this plant were to go offline, the entire city would be left without electricity.
To strengthen the city’s energy resilience, Nissan partnered with Enel and measurement and control system specialist Loccioni on the “Second Life” project that utilizes used LEAF batteries. In the event of an outage, this storage facility can supply energy to the grid for 15 minutes, which is more than enough time to reset and restart operations. The backup power store can also store 4 MW of power, easing the load on the main plant while providing up to 1.7 MWh on its own.
Soufiane El Khomri, Director of Energy Services for the Nissan AMIEO (Africa, Middle-East, India, Europe and Oceania) region, explains: “At Nissan, we believe the future is electrified. Our collaboration with Enel allowed us to create a model for a battery’s second life, which supports energy resilience and opens up endless possibilities of reusing electric vehicle batteries as part of a circular economy.” . Read Related News
Saving energy at Nissan headquarters in America Second-life LEAF batteries are creating a more sustainable future at our U.S. headquarters in Franklin, Tennessee. Through the Battery Energy Storage Solution (BESS) project*, these retired batteries store energy during off-peak hours and supply it during peak demand, reducing carbon emissions and lowering energy costs at the Nissan Americas Headquarters.
“On any given day, we typically see two energy demand peaks, depending on the season,” says Chris Goddard, regional energy and environmental manager at Nissan. “This project uses second-life batteries to supply stored power during those times, complementing what the building draws from the grid.” The system includes batteries from about 50-60 LEAF vehicles and is expected to cut CO2 emissions by 3.7 tons annually. “It’s more than just technology—it’s about rethinking how we use resources to build a more sustainable future,” Goddard adds.. Read Related News
A solar-powered streetlight using repurposed EV batteries developed in Namie-city Second-life LEAF batteries are also helping communities when they need it most. Teaming up with 4R Energy Corporation, Nissan has created solar-powered streetlights that capture energy and store it using repurposed EV batteries. Free from extra cables or bulky infrastructure, these lights are ideal for remote locations and regions recovering from natural disasters
Since 2018, Nissan and 4R Energy Corporation have brought hope to communities like Namie City in Japan, devastated by the 2011 tsunami, and more recently, Suzu City, affected by the 2024 Noto Earthquake. Beyond illuminating roads, these lights enhance public safety and comfort, supporting recovery efforts and uplifting community spirt. . Read Related News
Nissan premieres all-new Frontier Pro plug-in hybridNissan today debuted the all-new Frontier Pro plug-in hybrid pickup truck at Auto Shanghai 2025. Alongside the Dongfeng Nissan N7, the all-new pickup represents the second of nine New Energy Vehicles (NEVs) Nissan plans to launch in China by summer 2027. The two new models showcase Nissan’s commitment to expanding segment coverage and revitalizing its lineup with technology-packed products that enhance competitiveness.
All-new Frontier Pro
When it goes on sale in China later this year, the all-new Frontier Pro will be Nissan’s first-ever plug-in Hybrid and Nissan’s first-ever electrified pickup truck.
It pairs Nissan’s decades-long pickup truck legacy and learnings with the latest powertrain technology from the world’s leading NEV market, China.
The five-seat, dual-purpose pickup has been designed for families who seek a vehicle that can comfortably and efficiently support their daily urban driving as well as weekend adventures beyond the city limits.
Design:
The all-new Frontier Pro was styled around the concept of “Rugged Tech” with a modern exterior design that complements a spacious and refined interior.
Within the front mask, the Nissan brand logo is illuminated in vibrant white, proudly signifying the Frontier Pro’s new era of electrified capability. Parallel to the hood line, five LED light elements, spaced apart, accentuate the width of the truck. The three central lights pay subtle homage to one of Nissan’s most iconic pickup trucks.
While styling the all-new Frontier Pro within Nissan’s Shanghai studio, members of the design team were inspired by the distinctive three-slot opening in the hood of the 1980s Nissan D21 hardbody pickup. In creating the Frontier Pro’s lighting signature, they leveraged LEDs to reimagine this design element for a new era.
All variants ride on standard 18-inch alloy wheels with 265/65R18 tires.Powertrain:
At its heart is a powerful plug-in hybrid powertrain featuring a 1.5-liter turbocharged four-cylinder internal combustion engine and a transmission-mounted, high output electric motor.
Combined, the system delivers over 300Kw of power and up to 800 newton meters of torque, offering a balance of performance and efficiency.
For the China domestic market, the Frontier Pro plug-in hybrid is targeted to deliver up to 135km* of EV-only range. All models feature a 5-link rear suspension and Intelligent All-Wheel Drive, which automatically controls torque distribution between the front and rear wheels.
Off-road capability is supported by the availability of an electromechanical rear differential lock. Four drive modes: ‘Hybrid, Pure electric, Performance and Snow’ allow the driver to tailor their experience to the conditions and their preferences. . Read Related News
Lexus Unveils the All-New ES at the World Premiere in Shanghai LEXUS unveiled the all-new ES at its world premiere at the Shanghai Motor Show (April 23 – May 2)*1. A phased rollout across various regions is scheduled to begin in the middle of 2026.
Launched alongside the flagship LS in 1989, the ES has been a core model in LEXUS, earning global acclaim for its quietness, ride comfort, and spacious interior. It has been sold in over 80 countries and regions worldwide. Since the launch of the RX 400h in 2005, LEXUS has led the way in luxury electrification―consistently pursuing both dynamic performance and environmental responsibility. In 2024, electrified vehicles*2 accounted for a record-high 52% of global sales. With a continued focus on HEVs, PHEVs, and BEVs, LEXUS will work toward realizing a carbon-neutral society while responding to the evolving needs of diverse customers and markets. LEXUS is committed to delivering a unique brand experience by advancing core vehicle performance through electrification. This movement will drive an engineering focus that redefines the future of mobility while providing services that enrich modern lifestyles. As the latest expression of these commitments, the all-new ES is the second of three new LEXUS BEV models scheduled to debut by March 2026. It catalyzes a product momentum that coincides with a comprehensive reimagining of the LEXUS brand set to be revealed at the Japan Mobility Show 2025 in October.
The all-new 8th-generation ES stands as a forerunner in LEXUS’s next-generation electrification lineup. Developed under the concept of Experience Elegance and Electrified Sedan, this model aspires to deliver a refined driving experience across every scene―further enhancing quietness and ride comfort while staying in tune with customer needs. In pursuit of carbon neutrality through a multi-pathway approach, both HEV and BEV powertrains are offered to meet a diverse range of mobility demands. The design draws inspiration from the next-generation BEV concept, LF-ZC, marking a bold evolution in LEXUS design language that begins with the new ES. Deepening the expression of elegance, the design creates a clean, welcoming atmosphere that is uniquely LEXUS. The exterior strikes a delicate balance between intelligent packaging and proportions that highlight the sedan’s inherent beauty―realizing a sleek, flowing silhouette that hints at the emotional driving experience to come. Inside, LEXUS debuts two groundbreaking innovations: the world’s first2 Responsive Hidden Switches, which seamlessly blends physical controls into the interior for both functionality and sophistication, and the Sensory Concierge, a LEXUS-first3 feature that delivers a personalized, immersive cabin experience. Building on its spacious rear-seat design, the new ES enhances comfort and luxury to create a more refined cabin experience. Furthermore, by thoroughly refining the vehicle’s core fundamentals and electrification technologies, the new model aims for a high-level balance between handling that creates a seamless connection between driver and car―offering a level of engagement that inspires the desire to drive endlessly―and ride comfort and cabin quietness that naturally bring a smile to everyone on board. Additionally, the ES integrates next-generation multimedia for enhanced connectivity and convenience, along with the latest LEXUS Safety System+ for advanced safety and peace of mind. . Read Related News
Toyota Launches New Models in China Toyota Motor Corporation (Toyota) announced at Auto Shanghai 2025*1 in Shanghai, China that it will be expanding its battery electric vehicle (BEV) lineup in China as part of its multi-pathway approach toward achieving a carbon-neutral society.
Toward Carbon Neutrality Toyota is committed to product and region-centered management with the aim of making ever-better cars. In developing powertrain systems to achieve carbon neutrality, various types of mobility are being rolled out as part of Toyota’s multi-pathway approach, offering electrified vehicle options tailored to the customer needs in each country and region around the world.
China is a highly advanced market that leads the way in electrification, with BEVs accounting for a high proportion of new car sales. Toyota announced the new bZ7 BEV, which follows the bZ4X, bZ3, bZ3X, and bZ5, while Lexus announced the new ES BEV, which follows the UX and RZ BEVs, in order to further accelerate a multi-pathway approach while responding to the needs of local customers. The new bZ7 was developed locally by Guangzhou Automobile Group Co., Ltd. (GAC), Guangzhou Toyota Motor Co., Ltd. (GTMC), and Intelligent ElectroMobility R&D Center by TOYOTA (China) Co., Ltd. (IEM by TOYOTA)2. It is a BEV sedan that is over five meters in length and combines the strengths of each company, including Toyota’s safe, reliable, and high-quality manufacturing and China’s advanced technology. It will be equipped with the latest intelligent technology3 befitting the flagship model of the Chinese BEV lineup. Toyota will proceed with development toward commercialization within a year. Read Related News
Baker Hughes Declares Quarterly Dividend Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.23 per share of Class A common stock payable on May 16, 2025, to holders of record on May 6, 2025.
Baker Hughes expects to fund its quarterly cash dividend from cash generated from operations. Read Related News
Baker Hughes Announce First-Quarter 2025 Results Baker Hughes Company announced results today for the first quarter of 2025.
“Baker Hughes started the year strong, building on the positive momentum from 2024 and setting multiple first-quarter records. Our continued transformation initiatives and strong execution continue to drive structural margin improvement across both segments. The operational transformation and streamlining efforts have created a solid foundation to optimize margins and enhance returns, even in a challenging environment,” said Lorenzo Simonelli, Baker Hughes chairman and chief executive officer.
“In our IET segment, we booked $3.2 billion of orders, including our first data center awards, totaling more than 350 MW of power solutions for this rapidly evolving market. In addition to expanding opportunities for data centers, we have a strong pipeline of LNG, FPSO and gas infrastructure projects that support our order outlook for this year.”
“In OFSE, EBITDA remained resilient as our margins saw noticeable improvement compared to last year even while segment revenue fell. This is a testament to the team’s hard work in changing the way the business operates.”
“Although our outlook is tempered by broader macro and trade policy uncertainty, we remain confident in our strategy and the resilience of our portfolio. We believe Baker Hughes is well positioned to navigate near-term challenges and deliver sustainable growth in shareholder value.”
“I want to thank our employees, whose hard work, dedication and focus have been instrumental to the continued success of Baker Hughes. As we continue to execute our strategy amidst an uncertain macro backdrop, we remain committed to our customers, shareholders and employees,” concluded Simonelli.
First-quarter highlights
Orders of $6.5 billion, including $3.2 billion of IET orders.
RPO of $33.2 billion, including record IET RPO of $30.4 billion.
Revenue of $6.4 billion, consistent year-over-year.
Attributable net income of $402 million.
GAAP diluted EPS of $0.40 and adjusted diluted EPS* of $0.51.
Adjusted EBITDA* of $1,037 million, up 10% year-over-year.
Cash flows from operating activities of $709 million and free cash flow* of $454 million.
Returns to shareholders of $417 million, including $188 million of share repurchases. Read Related News
TechnipFMC Declares Quarterly Dividend TechnipFMC plc (NYSE: FTI) announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on June 4, 2025 to shareholders of record as of the close of business on the New York Stock Exchange on May 20, 2025. The ex-dividend date is May 20, 2025. Read More
Renault Design Centre Chennai Renault Group asserts that the year 2025 marks an inflection point for Renault in India, creating a springboard for the company’s next leap and accomplish its ambitions in the Indian market. This transformative journey has already begun with the bold acquisition of the remaining 51% stake in the Chennai manufacturing facility from Nissan. Further accelerating its commitment, Renault is inaugurating in India its largest design center globally outside France. These two strategic initiatives testify to Renault Group’s strengthened ambitions in India and its determination to accelerate its transformation there. The opening of this design center marks a major turning point for Renault in India and fully aligns with its new brand strategy, renault. rethink, embodying a bold and renewed vision for the Indian market. Read More
Hyundai fined for selling manipulated diesel cars Germany has fined Korean carmaker Hyundai €58.5 million ($66.9 million) for selling cars with manipulated diesel exhaust systems, prosecutors in Frankfurt said on Wednesday.
The fine, which was imposed last year, covers not only a penalty but also illegally acquired profits, they said. Hyundai sold some 90,000 vehicles of its Kia and Hyundai brands in Germany, the exhaust systems of which were found to be manipulated so cars complied with nitrogen oxide limits during test conditions, but not on the road.
Hyundai became the latest carmaker to be fined in the so-called diesel emissions scandal uncovered by US regulators in 2015. Read More
BYD Wins the “World Urban Car” Award On 16 April 2025, the BYD SEAGULL/DOLPHIN MINI was awarded the title of 2025 World Urban Car in the 2025 World Car Awards held at the New York International Auto Show, surpassing 11 other elite contenders from across the globe.
This is the first time that a Chinese automotive brand has won the World Car Awards, marking that BYD’s leading position in the global new energy vehicle industry has been again internationally recognized.
The BYD SEAGULL/DOLPHIN MINI embodies the Ocean Aesthetics design philosophy for a fresh and vibrant design. Along with its high safety standards and smart driving features, it consistently tops several major markets’ best-sellers list and also receives high international reputations. On this occasion, it has impressed 96 professional jurors worldwide with its groundbreaking design ethos, unrivaled urban mobility performance, and universal market appeal. Read More
BYD SEALION 7 Gets Five-Star Euro NCAP Safety Rating BYD’s flagship SEALION 7 SUV has earned a maximum five-star safety rating in the latest round of tests by independent body Euro NCAP. The model, which was launched in Europe in late 2024 and features not only a Blade Battery but also BYD’s trademark Cell-to-Body construction, picked up the top rating with strong performances in all of the four key areas in Europe’s most stringent safety examination – Adult Occupant protection, Child Occupant protection, Vulnerable Road Users protection and Safety Assist.
The SEALION 7, which is available with a choice of battery sizes and power outputs, and incorporates the world’s fastest electric motor in mass production (23,000rpm), has picked up particularly strong scores in the two occupant areas of the test. Euro NCAP’s official report says that the car offered good whiplash protection in a crash, while noting good protection in the side barrier test and severe side pole impact evaluation. The Adult Occupant protection rating is 87%.
The Child Occupant protection rating is even more impressive, at 93%, equalling the highest percentage score in this category over the past nine years and reinforcing the SEALION 7’s positioning as a family car. The report states how, in the frontal offset and side barrier tests, the SEALION 7 scores maximum points for protection of all critical parts of the body for both the 10-year and six-year dummies. It also credits its direct child-presence detection system, which issues a warning when it detects that a child or infant has been left in the vehicle. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $63.80 | Down |
| Crude Oil (Brent) | USD/bbl | $67.63 | Up |
| Bonny Light 22/04/25 CBN | USD/bbl | $70.24 | — |
| Dubai | USD/bbl | $68.14 | — |
| Natural Gas | USD/MMBtu | $3.03 | Down |
| Murban Crude | USD/bbl | $68.70 | Up |
| OPEC basket 22/04/25 | USD/bbl | $69.94 | Up |
Mercedes-Benz Atego vehicles Wucherpfennig & Krohn GmbH, which specializes in the rental of commercial vehicles, is expanding its fleet with a total of over 100 Mercedes-Benz trucks in the 7.5-tonne class.
Junge Fahrzeugbau GmbH recently handed over the first of forty new Mercedes-Benz Atego trucks to Wucherpfennig & Krohn GmbH. The new Atego trucks are equipped with customized bodies manufactured by Junge Fahrzeugbau GmbH. In addition to the 40 vehicles that have now been handed over, a further 40 Mercedes-Benz Atego vehicles are already planned for 2025.
“We are delighted to be expanding our fleet with additional Mercedes-Benz Atego trucks to meet the growing demand in the rental segment,” says Matthias Krohn, Managing Director of Wucherpfennig & Krohn GmbH. “Thanks to the reliability and versatility of the Atego, we will continue to rely on Mercedes-Benz trucks to offer our customers the highest quality and flexibility.” The Mercedes-Benz Atego has proven itself for years in intensive use at Wucherpfennig & Krohn and impresses with its high reliability, flexibility and efficiency. Read More
Toyota Invests in its U.S. West Virginia Plant Toyota’s North American subsidiary Toyota North America, Inc, announced today an additional investment of $88 million in its West Virginia plant to assemble the next generation of hybrid transaxles. This brings the total investment in this plant to more than $2.8 billion.
The hybrid transaxle is a crucial component in electrified vehicles that transfers power seamlessly between the engine, electric motor and wheels. Production is set to begin in late 2026, with plans to incorporate the drivetrain component into future Toyota and Lexus models.
Toyota follows a “best-in-town” approach―investing and producing locally, contributing to the local community and offering products tailored to local needs in every country and region where it operates. In the United States, Toyota employes nearly 50,000 employees working in 11 plants. Toyota will continue to offer diverse options to meet customer needs through a multi-pathway approach to electrification, and as a part of the U.S. business community, will continue to contribute to the region through jobs and ongoing investment. Read More
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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