April 24, 2025 Latest Energy / Automotive News and Analysis
London, April 24, 2025 (Oilandgaspress) –- Tesla sales in Europe fall by almost HALF in three months – despite the continent buying more EVs – as backlash against his role with Trump continues Sales fell 45 percent to just over 36,000 units in the first quarter of 2025 in the 27-nation bloc, the European Automobile Manufacturers’ Association said in a report. . Read Related News
Nissan revises financial outlook for fiscal year 2024 Nissan Motor Co., Ltd. today announced a significant revision to its financial outlook for the full fiscal year ending March 31, 2025. Compared with the outlook issued at the time of Nissan’s third quarter results in February, the forecast full-year sales volume has been lowered to 3.35 million units. Full-year net revenue is now expected to reach 12.6 trillion yen, with operating profit of 85 billion yen. This is primarily due to changes in the competitive environment and deterioration in sales performance.
As part of the revised outlook, Nissan expects to report a net loss of 700-750 billion yen for fiscal year 2024. The revision is due to costs related to its ongoing turnaround plan, and other factors.
The management team has conducted a thorough review of production assets, leading to impairments exceeding 500 billion yen across North America, Latin America, Europe, and Japan. Additionally, restructuring costs are expected to exceed 60 billion yen as part of ongoing turnaround measures.
Despite the anticipated net loss, Nissan remains in a solid cash position, expecting to end fiscal year 2024 with net cash of 1.498 trillion yen. The company has 2.2 trillion yen in cash and cash equivalents, along with 1.2 trillion yen in loans to sales finance companies, totaling 3.4 trillion yen in available liquidity.
Nissan is disciplined in its approach to debt management and expects to end fiscal 2024 with 1.9 trillion yen in automotive debt, stable compared to the previous year.
The company has filed the following revised fiscal year forecast to the Tokyo Stock Exchange. Calculated under the equity accounting method for Nissan’s joint venture in China, the forecast for the fiscal year ending March 31, 2025, are:. Read Related News
Neste and Eckerö Line in collaboration to reduce maritime emissions Neste and Finnish company Eckerö Line, which operates ferry services between Helsinki and Tallinn, are continuing their collaboration to reduce maritime emissions. Eckerö Line provides freight and passenger services on the Baltic Sea and is the first company in Finland to adopt Neste MY Renewable Diesel™ for commercial maritime transport. By replacing a part of the fuel it uses for its operations with Neste MY Renewable Diesel, Eckerö Line responds to the 2% emissions reduction requirement of the FuelEU Maritime regulation, which came into effect at the beginning of 2025, and encourages the use of lower-emission fuels in maritime transport.
Neste MY Renewable Diesel, made from 100% waste and residue raw materials for the Finnish market, reduces greenhouse gas emissions by an average of 90%* over the fuel’s lifecycle compared to using fossil diesel.
‘’Neste MY Renewable Diesel meets our needs well. We can use it as is in our existing fleet of ships operating in the Gulf of Finland to reduce our vessels’ greenhouse gas emissions, thereby meeting the requirements of the FuelEU Maritime regulation, which came into effect at the beginning of the year,’ says Taru Keronen, CEO, Eckerö Line.
Neste MY Renewable Diesel has a similar chemical composition to fossil diesel, and therefore it can be used in all diesel-powered vessels without additional investments or modifications to existing equipment or fuel distribution infrastructure.
‘’The need to mitigate climate change is more urgent than ever. It’s great that, as a partner and with Neste’s renewable fuel, we can also support the maritime sector’s transition towards lower-emission transport. Eckerö Line is setting a great example in this regard,’’ says Joni Pihlström, VP, Marketing & Services, Neste. . Read Related News
Marinetrans secures logistics contracts for FLNG vessel construction Marinetrans, a global leader in logistics solutions for the maritime and offshore industries, has been awarded the project logistics contract for two Floating Liquefied Natural Gas (FLNG) vessel construction projects. The contracts, spanning from 2025 to 2027, have been awarded by Black & Veatch, a Kansas (USA)-based leading engineering and construction company specializing in energy infrastructure.
Under the agreement, Marinetrans will provide comprehensive project logistics services, including the transportation of critical components, large heavy-lift deliveries, supply chain coordination, and on-site logistics support worldwide. These services will ensure the seamless execution of the FLNG vessel construction, a key development in global energy infrastructure.
“We are honored to be selected by Black & Veatch for these large projects,” said Reidar Evensen, Group Director, Projects & Offshore at Marinetrans. “Our expertise in complex logistics and focus on operational excellence ensure the timely and efficient construction of these state-of-the-art FLNG vessels.”
Vidar Olsen, Project Manager at Marinetrans, emphasized the company’s capability to take on the challenges of these large-scale projects: “Ensuring the smooth coordination of logistics for these FLNG vessels requires precision, industry expertise, and a highly dedicated team. We are excited to contribute to these projects and bring our experience in maritime logistics to the table.”
The project represents a major milestone in advancing offshore energy production and enhancing the global supply of liquefied natural gas (LNG). With a proven track record in handling large-scale logistics operations in the marine and energy markets, Marinetrans will leverage its extensive network and tailored logistics solutions to meet the unique challenges of this endeavor.
“Partnering with Marinetrans ensures that we have a reliable and experienced logistics provider to manage the intricate supply chain of these high-profile FLNG vessel projects,” Christina Chai, Supply Chain Director at Black & Veatch. “Their expertise in project logistics will play a crucial role in the successful execution of our operations.”
As global demand for LNG continues to rise, the construction of these FLNG vessels is a significant step toward increasing production capacity and enabling more flexible, sustainable energy solutions worldwide. Marinetrans’ involvement emphasizes its position as a key player in the global logistics landscape, capable of supporting complex offshore and maritime projects with precision and efficiency. . Read Related News
CS Wind’s Danish site orders dry upCS Wind Offshore had only just finished ramping up its Lindø site at Odense Port in Denmark when it said market conditions would force it to shed an expected 220 staff, which the company confirmed is the majority of those working there, and leave the facility “idle for a substantial period of time”. The layoffs over the next three to nine months mark a huge setback for Korean-owned turbine tower specialist CS Wind, which bought the former Bladt Industries in 2023 as a marquee acquisition in the global wind sector that expanded its operations into offshore substructures. . Read Related News
Hyundai IONIQ 9 Awarded 2025 Wards 10 Best Interiors & UX The all-new Hyundai IONIQ 9 has been selected as 2025 Wards 10 Best Interiors & UX list by WardsAuto. The award evaluates vehicles on a variety of aspects that shape the user’s experience inside the vehicle including design and aesthetics, comfort, materials, fit-and-finish, connectivity and infotainment, as well as ADAS content and value, and the ease of access to information without distraction for displays and controls. The IONIQ 9 was awarded for its cleverly designed interior and use of sustainable materials. According to Dave Zoia, Wards 10 Best Interiors & UX judge, “The IONIQ 9 is everything you could want in an upscale family hauler — and then some. Its cutting-edge interior is cleverly designed, and its flowing lines and unique — and in many cases sustainable — materials add visual pop. Most critically, seating is comfortable, accessible, and flexible. In short, the IONIQ 9 simply hits all the right marks.”
WardsAuto editors selected the Wards 10 Best Interiors & UX list after evaluating vehicles with new or heavily redesigned interiors and user-experience technology. Judges rate new or heavily refreshed vehicle interiors and user-experience technology in their daily driving experience on a variety of metrics including design and aesthetics, comfort, materials, fit-and-finish, connectivity, and infotainment, displays and controls, as well as advanced driver assist system content and value. There is no price cap, but overall value is a consideration. The 2025 Wards 10 Best Interiors & UX awards ceremony will be held on June 5, 2025, during the AutoTech 2025: Detroit Conference, (June 3-5, 2025) at the Suburban Collection Showplace in Novi, MI. This is the third consecutive year that Hyundai has won this accolade, with Kona and Santa Fe making the list in 2024 and Palisade in 2023 . Read Related News
Renault site will debut the Jetprint Paint system for two-tone paintwork. For the production of Renault 4 E-Tech electric, the Maubeuge production site (Ampere ElectriCity) is inaugurating the Jetprint Paint process, a new technology for two-tone paint application. The process relies on a dedicated booth that is fully integrated with the production line. Working to the highest standards of quality, two robots complete the two-tone paintwork of the roof and bonnet in just six minutes. Previously, a two-tone finish required hours of preliminary preparations as part of a process that involved sending the car back to the paint shop for a second time.
In the new Jetprint Paint booth at the Ampere site in Maubeuge, the roof and bonnet of Renault 4 E-Tech electric receive a two-tone paint finish, with a perfect line between the two colours. This premium finish is a great source of great pride for Katell, Head of the Paint Department. She played a key role in the on-site deployment of this innovative paint technology. Read Related News
Hybridisation has been making Ferrari road cars more powerful and efficient Ferrari uses a device called TMA – transition manager actuator – to optimise the flow of energy between electric and internal combustion, with proprietary software ensuring it’s smooth and instant. It feels naturally aspirated and sounds wonderful, no mean feat given the various challenges. It’s also oddly exhilarating to drive in silent e-mode.
Down-sizing is one of the industry buzzwords right now, though perhaps it should be ‘right-sizing’. Ferrari’s double Le Mans-winning 499 P uses a 3.0-litre, 680 cv twin-turbo V6, with an electric motor on the front axle to provide an additional 272 cv and all-wheel drive above 190 km/h (as per the WEC rules). That tech has strongly influenced the new F80 hypercar, which uses a similar powertrain. It can accelerate to 100km/h in just 2.1 seconds, 200km/h in 5.7 seconds, and has a top speed limited to 350km/h. That phenomenal responsiveness again.The total system output is 1200 cv, 900 of which is produced by the combustion engine, 300 by the hybrid system. There are twin turbos, with an e-motor fitted between the turbine and compressor to help them spool up faster. Ferrari has come a long way since the 599 Hy-Kers, as evidenced by the F80’s lightweight electric motors, designed and manufactured in-house such is the engineering intelligence now in play. There are two on the front axle and one on the rear, for torque vectoring and all-wheel drive. The front inverter is bi-directional, so that alternating current produced by the e-axle under regenerative braking is turned into direct current to charge the battery. The inverter on the rear F1-inspired MGU-K e-motor – which weighs 88kg and spins to 30,000rpm – is used to start the combustion engine, recover energy to the battery, and provide torque-fill under load. The high voltage battery is also strongly F1-influenced: 204 lithium cells are grouped in three modules in a carbon fibre case that sits low in the chassis to optimise the centre of gravity. Read Related News
Renault Group up to challenge of low-carbon and sustainable European automotive mobilityAt the ChangeNow Summit held from April 24 to 26, 2025, at the Grand Palais (Paris), Josep-Maria Recasens, Renault Group’s strategy director and CEO of Ampere, and Cléa Martinet, Renault Group’s sustainability director and CSO of Ampere, delivered a Keynote to present the challenges faced by the company and the automotive industry in terms of sustainability in an increasingly competitive context. Four years after the launch of Renaulution plan in 2021, Renault Group already has 12 electric vehicles in its current range and has established an electric ecosystem in Europe, thus contributing to the democratization of electric vehicles. In its strategic plan Renaulution, Renault Group has positioned decarbonization at the same level as competitiveness and performance indicators. The objective was to bring a transversal approach to sustainability all levels of the business, in all departments of the company. Four years later, this translates into a 40% reduction in the Group’s in-use CO2e emissions, and a 50% reduction in its industry’s emissions, between 2019 and 2024.
Through Emblème, Renault Group is going even further in the realm of possibilities: creating a family demo-car that is habitable, comfortable and high-tech, while achieving an unprecedented level of decarbonisation. It emits 90% less greenhouse gases (CO2e) over its entire life cycle compared to the 2019 baseline. It embodies an innovative laboratory for the future generations of Renault brand’s vehicles.. Read Related News
Rhino Resources reports results of Capricornus 1-X well in Namibia’s Orange Basin bp can confirm the preliminary results of the Capricornus 1-X exploration well in Namibia’s Orange Basin, as reported by operator Rhino Resources.
Petroleum Exploration License 85, where the well was drilled, is operated by Rhino Resources with a working interest of 42.5%. Co-venturers are Azule Energy (42.5%), Namcor (10%), and Korres Investments (5%) – bp and Eni each hold a 50% interest in Azule Energy.
The Capricornus 1-X well, spudded on 17 February using the Noble Venturer drillship, reached total depth on 2 April, successfully penetrating the Lower Cretaceous target. The well found 38m of net pay, with the reservoir showing good petrophysical properties and no observed water contact. Hydrocarbon samples and sidewell cores were collected through intensive wireline logging operations.
In addition to wireline acquisition, the well successfully completed a production test across the light oil-bearing reservoir. The well achieved a surface-constrained flow rate in excess of 11,000 stb/d on a 40/64” choke. The light 37° API oil exhibited limited associated gas with less than 2% CO2 and no hydrogen sulphide. Laboratory studies will be conducted on fluid samples collected during the test. Read More
Daimler Buses supplies five electric eCitaro buses to HEAG mobilo With the handover of five battery-electric Mercedes‑Benz eCitaro 12‑metre solo buses on Wednesday, 23 April 2025, all solo buses from the Darmstadt-based mobility service provider HEAG mobilo are electrically powered. The vehicle handover is carried out by Rüdiger Kappel, Head of Public Transport Sales Germany at Daimler Buses, and André Herrmann, Public Transport Authority Business at Daimler Buses, to Johannes Gregor and Arne Rath, Managing Directors of HEAG mobile. The handover took place at the Böllenfalltor depot.
Mercedes-Benz eCitaro solo bus: battery-electric and high-range
The new three-door eCitaro is equipped with the NMC3 battery generation. This means that each of the five solo buses, with their six installed battery packs, achieve a total capacity of 588 kWh and a high range. The vehicles are charged in the depot via plugs. The vehicle-side charging sockets are located on the right and left near the front axle.
Exemplary equipment: Safety and passenger comfort
Besides from the electric drive, HEAG mobilo attaches particular importance to the safety and equipment of the narcissus yellow-painted e-buses, which have a maximum transport capacity of 70 passengers. In addition to a reversing camera centrally located at the rear, all-round LED lighting technology and a large protective driver’s door, all vehicles have the active emergency braking assistant Preventive Brake Assist 2 with extended pedestrian and cyclist detection on board, which was developed especially for city buses. The equipment also includes Frontguard Assist, which warns of obstacles or people directly in front of the vehicle, and Sideguard Assist 2, which monitors both the co-driver’s and driver’s side and warns the driver of the risk of collision with pedestrians or cyclists, for example in critical turning situations. Sideguard Assist 2 and Frontguard Assist combine to create a complete warning system that warns of obstacles and persons at the sides and in front of the vehicle. . Read More
Xiaopeng P7+ ultra-long-range Max flagship version is launched As the 21st Shanghai International Automobile Industry Exhibition kicked off, and Xiaopeng Motors brought its best-selling models and cutting-edge AI technology achievements to the show. On the first day of the auto show, Xiaopeng Motors held a press conference with the theme of “AI Changing the World”, and launched the Xiaopeng P7+ Ultra-Long-Range Max Flagship Edition, with an official suggested retail price of 208,800 yuan. At the same time, the 2025 Xiaopeng X9 started global delivery, and held a delivery ceremony for the first batch of car owners at the auto show. In addition, Xiaopeng Motors is about to launch the industry’s first “AI Intelligent Assisted Driving Safety Training Camp”, which aims to comprehensively enhance users’ safety awareness of AI intelligent assisted driving and build a moat for safe travel.
At the booth, Xiaopeng Motors fully demonstrated its layout from mass production applications to forward-looking technologies. The world’s first split flying car “Land Aircraft Carrier” and Xiaopeng humanoid robot IRON made their debut on the same stage. In addition, the booth also has multiple hard-core technology display areas, including Xiaopeng Turing AI smart driving, Xiaopeng Turing AI chip, super “tough” safety black technology and 5C shooting battery pack.
In order to bring users the ultimate driving experience, the Xiaopeng P7+ Ultra Long Range Max Flagship Edition is equipped with a front double wishbone + rear five-link suspension. This suspension system can accurately control the body posture during continuous cornering, provide sufficient lateral support, make steering more sensitive, and achieve a smooth driving experience.
In the first quarter of this year, Xpeng Motors ranked first in the delivery volume among new power brands, of which overseas deliveries accounted for a year-on-year increase of 370%, achieving a high-quality start. Read More
Bentley Motors debuts new Continental GT and Flying Spur models at Auto Shanghai 2025 Bentley Motors today presents three brand new models for the Continental GT, Continental GT Convertible and Flying Spur line-ups at Auto Shanghai 2025. Each car now includes a benchmark model identified simply by its nameplate, an Azure variant, prioritising wellness and comfort, and a Speed model, with its absolute focus on performance.
The new Azure models mark the arrival of Bentley’s new High Performance Hybrid powertrain, which unites an advanced 4.0-litre V8 engine and powerful electric motor to develop a maximum power output of 680 PS and a maximum torque output of 930 Nm. Completing the stand display is a pinnacle Bentayga EWB Azure, finished in a Mulliner bespoke colour, Nīla Blue. Far more than just a luxury car, this extended wheelbase SUV is a showcase of advanced, wellbeing technology. . Read More
11th Joint IEA-IEF-OPEC Workshop The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) held the 11th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets at the OPEC Secretariat in Vienna, Austria.
The high-level technical meeting was chaired by OPEC Secretary General, HE Haitham Al Ghais, together with the Secretary General of the IEF, HE Jassim Alshirawi, and Ms. Toril Bosoni, Head of the Oil Industry and Markets Division of the IEA.
Discussions during the workshop had three sessions. The first addressed the ‘Recent factors impacting oil market volatility’. This was followed by a second session on ‘Exploring global oil trade flows, inter-regional arbitrages, and their impact on major crude benchmarks’. The third session covered ‘Financing opportunities to sustain oil and gas developments’. The Joint Workshop is part of the trilateral work programme established by the three organizations and endorsed by energy ministers at the 12th International Energy Forum in Cancún, Mexico, in March 2010. Since then, the joint IEA-IEF-OPEC meetings covering the evolving inter-linkages between physical and financial energy markets have developed into a unique, high-level technical events that bring together a diverse range of market participants to discuss issues that are not addressed in other high-level fora.. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $62.44 | Down |
| Crude Oil (Brent) | USD/bbl | $66.18 | Down |
| Bonny Light 24/04/25 CBN | USD/bbl | $70.00 | Down |
| Dubai | USD/bbl | $68.06 | Down |
| Natural Gas | USD/MMBtu | $2.89 | Down |
| Murban Crude | USD/bbl | $67.05 | Down |
| OPEC basket 23/04/25 | USD/bbl | $70.26 | Up |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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