Global Energy and Automotive News, Trends & Expert Analysis
London, April 29, 2025 (Oilandgaspress) –- When Exxon Mobil and Chevron report first-quarter results this week, investors will be focused on how falling oil prices have increased the risk to dividends and share repurchases for the rest of 2025.
Big Oil has made returning cash to investors through dividends and share repurchases a strategic cornerstone of its efforts to woo Wall Street. U.S. President Donald Trump’s global tariff announcements have stoked fears of a recession and weaker oil demand, prompting forecasters to lower their oil price outlooks..Lower prices would give Big Oil less cash to distribute to shareholders. (Reuters) – . Read Related News
Alpine 100A GT powered by Yeep.me scooter Yeep.me and Alpine are joining forces to develop a range of co-branded electric scooters to be sold through Yeep.me distribution networks and, eventually, in Alpine Stores. This three-year partnership will enable the development of a range of electric scooters whose models will echo the Alpine brand regarding sportiness, performance, and agility while combining technological requirements for sustainability and adaptability.
The Alpine 100A GT powered by Yeep.me scooter, which will roll out in summer 2025, is inspired by the sporty A290 hot hatch, which the Car of the Year jury named 2025 Car of the Year. Other sport and hyper-sport scooters will follow, inspired by models such as the brand’s A390 sport fastback.
The Alpine 100A GT powered by Yeep.me scooter will be launched for £599, including VAT, with a 5-year warranty. It features unique specifications:
Sportiness: a racing design with specific Alpine fairing and a cross-shaped LED daytime running light, like on the A290.
Agility: a stiff frame combined with a telescopic fork for controlled, precise manoeuvring in town.
Performance: a motor capable of delivering up to 1200W of instant power and a long-life battery for a range of over 50 km.
Safety: a high-performance dual disc brake system and a 4-LED indicator light system.
Interactivity and scalability: the intelligent controller connected to the app secures the product, allows remote control, and can be updated to ensure the best experience.
Sustainability: a tubular steel frame, IPX6 waterproofing, and interchangeable connectors and modules for easy maintenance. . Read Related News
Hyundai Dual-Energy Hydrogen and Electric Station to Support Heavy-Duty Zero-Emission Vehicles in the Savannah Region Hyundai announced plans to launch a scalable hydrogen production and dispensing facility for Class-8 heavy-duty zero-emission vehicles. The station will be located just 10 miles from the Port of Savannah, Georgia, within one of the nation’s busiest freight hubs. HTWO Energy Savannah development is a collaboration between HTWO Logistics, HydroFleet, and Capital Development Partners, and is scheduled to begin operations in late Fall 2025.
“HTWO Energy Savannah is a breakthrough hydrogen production and refueling station for the heavy-duty trucking industry, allowing zero-emissions trucks to quickly and easily refuel at a single convenient location in the Savannah region,” said Jim Park, SVP, commercial vehicle and hydrogen fuel cell business, Hyundai Motor North America. “The HTWO Energy Savannah hydrogen station will also truly fulfill our vision for HMGMA Clean Logistics, allowing our innovative new electric vehicle plant to transport plant shipments within a clean, zero-emissions ecosystem.”
On the HTWO Energy Savannah site, hydrogen production and refueling stations generating 1,200 kilograms of hydrogen per day will support fast-fill zero-emissions heavy-duty trucking operations in the region. Moving forward, available infrastructure can be scaled to support up to 4,200 kilograms of hydrogen per day to meet future demand. . Read More
New Hyundai XCIENT Fuel Cell truck for North America unveiled Hyundai Motor Company introduced the new XCIENT Fuel Cell Class-8 heavy-duty truck at the Advanced Clean Transportation (ACT) Expo 2025 in Anaheim, California, showcasing its ongoing commitment to expanding its hydrogen business in North America.
During the expo, from April 28 to May 1, the company aims to cement its leadership in the global hydrogen energy transition and bolster its market position in the North American commercial vehicle sector. This will be achieved by leveraging the extensive expertise and robust operational capabilities of Hyundai Motor Group to create a cleaner, more resilient ecosystem through its HTWO hydrogen business brand.
At Hyundai’s ACT Expo press conference, Ken Ramirez, Executive Vice President and Head of Global Commercial Vehicle and Hydrogen Business at Hyundai Motor Company, emphasized the company’s commitment to delivering real-world, production-ready solutions that move the industry forward, with technology, reliability, and manufacturing expertise..In alignment with its commitment to expanding clean logistics through hydrogen mobility, Hyundai Motor unveiled the new XCIENT Fuel Cell heavy-duty truck alongside its leading fuel cell system. This advanced production model was first shown as a concept at ACT Expo 2024 and has been designed specifically for the North American market.
The XCIENT Fuel Cell is the world’s first mass-produced hydrogen-powered heavy-duty truck.. Read Related News
Volvo sold 5,000 electric trucks worldwide. Volvo Trucks has now delivered more than 5,000 battery-electric trucks to customers in 50 countries around the world. With eight electric truck models in production today, Volvo’s leadership in electric trucks is stronger than ever.
Electric trucks have been offered by Volvo Trucks since 2019 and since then, customers in 50 countries around the world have switched to electric transport and driven close to 170 million kilometers in commercial operations. These trucks have reduced CO2 emissions and traffic noise levels while also improving the working environment for drivers.
Volvo’s current range of electric trucks is tailored to meet the needs of city- and regional distribution as well as the construction and refuse segments. The company’s top 5 markets for electric trucks are Germany, the Netherlands, United States, Norway and Sweden. These are the electric Volvo truck models on offer today:
Volvo FL Electric
Volvo FE Electric
Volvo FM Electric
Volvo FM Low Entry
Volvo FMX Electric
Volvo FH Electric (International Truck of the Year 2024)
Volvo FH Aero Electric
Volvo VNR Electric . Read More
35 electric trucks sold to waste management company PreZero International waste management company PreZero has ordered 35 battery-electric trucks from Volvo. The majority of the trucks are of the Volvo FM Low Entry model, Volvo’s first ever truck only developed with electric drive. PreZero is an international recycling, waste management and energy recovery company. PreZero is actively working to reduce greenhouse gas emissions, both within the company and along the entire value chain.
PreZero in Sweden took its first electric truck from Volvo Trucks into service in 2022. Now, PreZero is making a major investment in 35 new battery-electric trucks from Volvo. This is complemented by investments in charging equipment at the company’s depots in the Stockholm area. . Read Related News
Nissan Formula E Team primed for inaugural Monaco double-header Nissan Formula E Team is all set for the first-ever Formula E double-header at the legendary Circuit de Monaco for Rounds 6 and 7 of the 2024/25 ABB FIA Formula E World Championship.
The 3.337-kilometre circuit features some of the best-known sections in motorsport, including the Grand Hotel Hairpin, the high-speed swimming pool chicane and the tricky La Rascasse at the end of the lap.
Famous for being a difficult track to overtake on, Formula E has disproved this theory in recent seasons, with 197 passes made during the 2024 edition.
After a top-10 finish in Miami, Oliver Rowland continues to lead the Drivers’ Standings, taking three podiums (including two wins) in the opening five rounds. On the other side of the garage, Norman Nato clinched his maiden Formula E pole position in Florida last time out and put in a superb performance to cross the line first, although a post-race penalty dropped him to sixth. The Frenchman will be looking for more in Monaco, which is a home event for him, having been born in Cannes.
The team will head to the Principality with Nissan sitting on top of the Manufacturers’ Championship and Nissan Formula E Team in second place in the Teams’ Standings. . Read Related News
Neste’s Interim report for January–March 2025. Solid operational start for the year, performance improvement program progresses
First quarter in brief:
• Comparable EBITDA totaled EUR 210 (551) million
• EBITDA totaled EUR 200 (442) million
• Renewable Products’ comparable sales margin was USD 310 (562)/ton
• Oil Products’ total refining margin was USD 9.9 (20.4)/bbl
• Cash flow before financing activities was EUR -225 (-354) million
• Leverage ratio was 38.0% at the end of March (31.12.2024: 36.1%)
Figures in parentheses refer to the corresponding period for 2024, unless otherwise stated.
Neste’s revenue in the first quarter totaled EUR 5,017 (4,801) million. The increase in revenue was driven by stronger sales volumes in both Renewable Products and Oil Products, which had a positive effect of approx. EUR 0.2 billion in total. However, lower prices had a negative impact of approx. EUR -0.7 billion. Other items had a positive impact of approximately EUR 0.6 billion, including trading volumes in Oil Products.
The Group’s comparable EBITDA was EUR 210 (551) million. Renewable Products’ comparable EBITDA was EUR 72 (242) million. Higher sales volume, lower fixed costs and positive currency effect were outweighed by the weaker market resulting in lower sales margin compared to the first quarter of 2024. Oil Products’ comparable EBITDA totaled EUR 120 (278) million. The decrease was due to lower refining margins despite increased sales volume and positive currency effect. Marketing & Services comparable EBITDA was EUR 17 (23) million affected by lower heating oil sales than in the comparison period. Others’ comparable EBITDA was EUR -4 (8) million.
The Group’s EBITDA was EUR 200 (442) million, impacted by inventory valuation gains of EUR 44 (-129) million, and changes in the fair value of open commodity and currency derivatives totaling EUR -31 (30) million. Profit before income taxes was EUR -57 (189 million), and net profit EUR -40 (162) million. Comparable earnings per share were EUR -0.04 (0.33), and earnings per share EUR -0.05 (0.21).
One-off costs related to organizational restructuring, totaling EUR 24 million, were booked in the first quarter results. These one-off costs have been eliminated from comparable EBITDA. Read Related News
Neste Corporation, Stock Exchange Release Neste Corporation has on 28 April 2025 received a notification under Chapter 9, Section 10 of the Finnish Securities Market Act (FSMA). According to the notification by BlackRock, Inc., the aggregate holdings of the entities referred to therein excluding financial instruments according to SMA 9:6a have on 25 April 2025 decreased to below 5% of the total number of shares and voting rights of Neste Corporation. The aggregate holdings including financial instruments according to SMA 9:6a owned by BlackRock, Inc. and the entities referred to above amounts to 5.74% of the total number of shares of Neste Corporation. The share stock of Neste Corporation consists of 769,211,058 shares, each entitling one vote. Read Related News
Hydro announce NOK 1 billion Contract Hydro and NKT sign offtake agreement for aluminium wire rod as Europe moves to upgrade power grid infrastructure Aluminium and renewable energy company Hydro and power cable solutions provider NKT have signed a long-term agreement on wire rod for power cables. The agreement guarantees supply of low-carbon aluminium from Hydro as NKT ramps up production to meet the growing market demand for medium and high voltage power cable solutions in Europe.The expansion will allow Hydro to secure a stable supply of low-carbon aluminium wire rod to NKT from 2026 through 2033, with a total committed volume estimated at 274,000 tonnes with an option for additional volumes. The total quantity of aluminium covered by the agreement, would be able to make medium-voltage cables equivalent to nine times around the world or all the way to the moon, which is approximately 363,000 kilometers away.
The contract has an estimated value of approximately EUR 1 billion, depending on the quantity and future metal prices. NKT and Hydro have been partners for more than 40 years and have an existing contract for 2025. Read Related News
Hydro’s first quarter 2025 results Hydro’s adjusted EBITDA for the first quarter of 2025 was NOK 9,516 million, up from NOK 5,411 million in the same quarter last year. The results increased from higher alumina and all-in aluminium prices, and positive currency effects. This was partly offset by higher raw material costs, lower Extrusions volumes and margins, lower alumina sales volumes, and higher fixed cost resulting in an adjusted RoaCE of 10.7 percent over the last twelve months and a free cash flow of NOK 1.3 billion.
Amid rising uncertainty, Hydro Extrusions is revising down its 2025 annual adjusted EBITDA outlook from the previously indicated NOK 4.5–5.5 billion. Based on CRU’s 2 percent growth forecast for the EU and North America combined, and further supported by remelt margins improving, adjusted EBITDA could reach approximately NOK 4.5 billion. If CRU’s expectation for 2025 demand growth is further delayed, adjusted EBITDA is estimated in the range of NOK 3.5–4.0 billion. Firm measures are being implemented to optimize the portfolio and cut costs in response to the prolonged market weakness. Further restructuring efforts will be executed in 2025 as announced in the fourth quarter of 2024, including the closure of Luce anodizing in France and Birtley in the UK, and the curtailment of an additional 30,000 tonnes of recycling capacity in Puget, France. Read More
Woodside approves Louisiana LNG development (France) Woodside has made a final investment decision to develop the three-train, 16.5 million tonne per annum (Mtpa) Louisiana LNG development. Woodside is targeting first LNG in 2029. Development of Louisiana LNG will position Woodside as a global LNG powerhouse, enabling the company to deliver approximately 24 Mtpa from its global LNG portfolio in the 2030s, and operating over 5% of global LNG supply.1 The development has expansion capacity for two additional LNG trains and is fully permitted for a total capacity of 27.6 Mtpa.
Louisiana LNG represents a compelling investment that will deliver significant cash flow and create long-term value for Woodside shareholders. It exceeds Woodside’s capital allocation targets, delivering an internal rate of return (IRR) above 13% and a payback period of seven years.
At full capacity, the foundation project is expected to generate approximately $2 billion of annual net operating cash in the 2030s. It will drive Woodside’s next chapter of value creation, giving the company’s global portfolio the potential to generate over $8 billion of annual net operating cash in the 2030s. 2 . Read More
JETOUR Unveils GAIA Intelligent Off-Road Architecture JETOUR officially unveiled GAIA Architecture. JETOUR also showcased the G700 and G900—both now equipped with the GAIA architecture—marking a significant milestone in the brand’s evolution into the premium and intelligent 3.0 era.
Entering the 3.0 Era with Vision and Velocity
JETOUR has emerged as the fastest-growing automotive startup brands globally, achieving record-breaking sales of over 560,000 units in 2024 — an 80.3% year-on-year increase. This rapid growth has expanded JETOUR’s footprint to more than 67 countries and regions, supported by a network of over 2,000 sales and service outlets worldwide.
Guided by its “Travel+” strategy, JETOUR has continuously redefined the travel experience — from the family- focused 1.0 era (X70, X90, DASHING series), to the comfortable off-road 2.0 era (T1, T2). The launch of the GAIA architecture now propels JETOUR into its 3.0 era, signaling deeper investment in off-road technology and a clear shift toward hybridization, intelligence, and premium in off-road mobility.
JETOUR also reaffirmed its commitment to environmental and wildlife preservation by continuing its global strategic partnership with the Cheetah Conservation Fund (CCF) — a symbol of the brand’s dedication to nature, exploration, and corporate social responsibility..GAIA Architecture: Redefining the Boundaries of Off-Road Luxury
the GAIA architecture represents a next-generation hybrid off-road platform that combines uncompromising power with cutting-edge intelligence to meet the demands of modern exploration.
GAIA offers two advanced power systems. The iDM-O Super Hybrid System is optimized for high-efficiency off-road performance, delivering strong power while maintaining fuel economy. The iEM-O Amphibious Range Extender System provides tank-level propulsion with up to 18,000 N·m of wheel torque and 2,500 N of thrust, enabling seamless driving across both land and water. Read More
JETOUR Showcases Advanced Off-Road Technology at Auto Shanghai 2025 JETOUR, the innovative auto brand, hosted an test drive event for over 200 global media and influencers from the Middle East, South America, Africa, Asia-Pacific, and the CIS region. The event, held at the Shanghai Pudong Chuansha Test Drive Center, served as a platform for JETOUR to demonstrate its three core technological pillars: off-road capability, hybrid power, and intelligent innovation. The spotlight was firmly on the T1, T2 i-DM, and a preview of the upcoming G700, leaving attendees thoroughly impressed by the brand’s technical expertise and advanced innovations. The T1, lite off-road SUV, equipped with a robust 2.0T engine paired with an 8-speed automatic transmission, immediately captivated drivers with its refined performance. On city roads, the powertrain delivered smooth and linear acceleration, effortlessly handling frequent stops and starts. Highway cruising was equally impressive, with the T1 maintaining a stable driving even at higher speeds. . Read More
Big rise in sustainable energy use in Bitcoin mining Cambridge study on Bitcoin network finds big increase in sustainable energy usage to 52.4%, 138 TWh annual electricity consumption, and the US leading in global mining activity
Drawing on comprehensive data gathered with participation from both publicly listed and private digital mining firms, the Cambridge Centre for Alternative Finance (CCAF) has released its ‘Cambridge Digital Mining Industry Report’ grounded in an in-depth study that offers vital insights into the digital mining industry, covering 48% of global mining power.
Central to the findings is the observed stark increase in sustainable energy (52.4%) use by mining firms, a figure markedly different from previous estimates (37.6% in 2022), and natural gas (38.2%) replacing coal as the single largest energy source.
The study estimates Bitcoin’s annual electricity consumption at 138 TWh (terawatt-hours), or about 0.5% of global consumption, and corresponding network-wide emissions at 39.8 MtCO2e (megatons of carbon dioxide equivalent). The data further highlights the crucial role North America plays in the digital mining industry, with the US (75.4%) being at the centre of global surveyed activity. The findings are based on a comprehensive survey conducted by the CCAF involving 49 digital mining firms, of which a significant portion (41%) are publicly listed. The participating companies exhibited broad geographical reach, with operations spanning 23 countries and headquarters located across 16 different jurisdictions. Collectively, this cohort accounted for 268 EH/s in computational power, covering 48% of the implied global Bitcoin network hashrate at the time of data collection. The data collection involved a vetting process including advice from well-connected industry stakeholders, independent desk research, and verification of company details through public registers to ensure data quality. Upon successful verification, participants received a personalised link to a secure web-based questionnaire. Read More
Oil prices continue to decline following sanction reports and lower demand
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $61.46 | Down |
| Crude Oil (Brent) | USD/bbl | $65.21 | Down |
| Bonny Light 28/04/25 CBN | USD/bbl | $68.32 | Down |
| Dubai | USD/bbl | $65.61 | — |
| Natural Gas | USD/MMBtu | $3.34 | Up |
| Murban Crude | USD/bbl | $64.88 | Down |
| OPEC basket 28/04/25 | USD/bbl | $68.16 | Down |
Comment attributed to Sir Jim Ratcliffe, Chairman and Founder of INEOS: “This week, INEOS Grangemouth faces yet another tax bill for carbon dioxide emissions, this time for £15 million. If left unpaid, the cost will rise due to penalties to an extraordinary £65 million.
At a time when British industry is still finding its feet after Covid, facing uncertainty due to US tariffs, grappling with some of the highest energy prices in the developed world, and trying to compete against far more favourable conditions in the Middle East and the United States, this is another heavy blow.
Quite simply, businesses can’t afford it.
To meet this tax obligation, we will be forced to pause vital investment in projects that were designed to make our operations more efficient and more sustainable. The irony isn’t lost on us.
This is not just INEOS, this is a reality for British manufacturers up and down the country: carbon emissions taxes and excessive energy costs are squeezing the life out of the sector. You only have to look at British Steel at Scunthorpe to see the impact of an uncompetitive energy policy forcing the Government to spend taxpayers’ money on a rescue package. We need action before we get to that stage.
We all share the goal of a greener future. But we must ask – is this the right way to achieve it?
When manufacturing is pushed offshore, the emissions don’t disappear – they’re simply relocated, often to countries with less stringent environmental regulations and requiring transport. The UK loses jobs, loses expertise, and becomes reliant on imports with a heavier environmental footprint.
A tax designed to reduce emissions is, in practice, killing manufacturing, making the UK more dependent on imports and is increasing emissions.
We are calling for a rethink. Not to walk away from climate goals, but to pursue them in a way that allows British businesses to lead the transition, not to be punished so that improvements aren’t affordable.
Give us competitive energy costs, give us the incentives to invest in new assets and to play our part in building a strong sustainable industrial future. That’s good for the environment. That’s good for the economy. And that’s good for Britain.”
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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