Latest Energy / Automotive News and Analysis
One of Nigeria’s biggest pipelines carrying crude from the Niger Delta to the Bonny terminal, was rocked by a powerful explosion on Monday night. The explosion at Bodo, Gokana Local Government Area of Rivers State, caused a massive fire at the section of the pipeline in the area, Nigerian media reported.
London, March 18, 2025 (Oilandgaspress) –-Nearly half (44%) of energy and natural resources (ENR) executives now expect the world to reach net-zero emissions by 2070 or later, a steep jump from the 31% that felt this way in 2024. Similarly, only 32% expect it by 2050 — a reversal from previous surveys, when around 40% to 50% foresaw net zero by 2050. On average, oil and gas executives anticipate peak oil around 2038, a clear signal that sector leaders expect legacy assets to play a crucial role in meeting energy demand for the foreseeable future. Bain’s annual survey of more than 700 executives across oil and gas, utilities, chemicals, mining, and agribusiness offers a pulse check on industry leaders’ views on the energy transition’s challenges and opportunities, providing perspective on how they’re balancing those investments with other business priorities.
Financial viability a major obstacle for the energy transition. The era of enthusiasm for environmental, social, and corporate governance–driven investment is giving way to a harder-nosed focus on ROI. Tighter budgets, constrained balance sheets, and rapidly rising capital costs are forcing companies to make tough calls about where to place their bets.. Read Related News
A motoring expert has predicted that used electric car prices could plummet over the next few weeks as a new wave of EV leases are set to run out. Whilst many drivers consider March as one of the strongest times of the year for new car sales, the launch of the new number plate typically causes motorists to sell their current model, causing used prices to fall. As a result, Patrick Cresswell, co-founder of the EV experts ClearWatt, suggested that it could make now the best time to get behind the wheel of an affordable electric model. . Read Related News
Electric cars may face a “looming crisis” with more motorists opting for SUVs over zero-emission models.
Heavy SUVs usually fitted with combustion petrol and diesel engines are being secured at a rapid rate while sales of electric models fall. New analysis from experts at GlobalData has revealed that a whopping 54% of cars sold around the world in 2024 were SUV models.
According to the data specialists, this is up 3% on 2023 and 5% on sales figures recorded in 2022. In Europe, sales of SUVs are now a lot higher than those of electric vehicles in a stark change compared to recent years. Read Related News
.Motorists across the UK have been urged to avoid filling up their car until April if possible, with the cost of petrol and diesel set to fall. The prediction comes after five consecutive months of price rises, with petrol typically costing 139p per litre, and a litre of diesel averaging at 146p. However, Simon Williams, head of policy for the RAC, noted that drivers could soon pay significantly less to fill their vehicle’s tank, with the cost of oil dropping. Read Related News
Leapmotor is thrilled to announce the successful presale launch of its sixth model, the B10 electric SUV, gardening significant attention from both the press and the public in China. The B10 Electric SUV presale launch has been met with overwhelming enthusiasm, securing over 15,000 orders within the first hour, and 31,688 orders within 48 hours of its pre-sale starting on March 10 in China. Notably, 73% of these orders were for the LiDAR-equipped variants, highlighting the strong demand for advanced driving technologies.
Built on Leapmotor’s in-house developed LEAP3.5 architecture, the B10 seamlessly integrates advanced software and hardware, setting a new standard in intelligent electric vehicles. The B10 is available in two smart driving editions, both equipped with LiDAR (Light Detection and Ranging) technology provided by Hesai. LiDAR is a technology providing vehicles with high-resolution 3D vision that complements camera and radar, enhancing its perception capability to handle more complex road conditions such as dark environments or unknown objects on the highway, that maximize the active safety assurance. Read Related News
Lancia is proud to be joined a new, prestigious partner as it makes its return to rally racing: Michelin. The French brand will be the official tire supplier for the Trofeo Lancia, which will take place across the Italian Absolute Rally Championship (CIAR) in six races across five dates. The star of the competition will be the exhilarating Ypsilon Rally 4 HF, which has already received 80 preorders throughout Europe in just three months.
The partnership between the two brands goes way back to the glory days of Lancia racing; and today it is back with cutting-edge solutions thanks to the technological experience and non-stop innovation which sets Michelin tires apart in the motorsport sector.
Specifically, to better deal with the challenges of asphalt, Lancia Trophy drivers will be able to rely on three tires from the MICHELIN Pilot Sport range, two for dry asphalt and one for wet asphalt, all of which will be available in 19/63-17 dimensions—the perfect balance between stability, handling, and reactivity. Read Related News
Stellantis Pro One, the Stellantis N.V. business unit dedicated to commercial vehicles, and IVECO, the brand of Iveco Group N.V. (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles, today announce the signing of agreements for the supply of two all-electric Light Commercial Vehicles (LCVs) to IVECO for the European market. They will be based on the Stellantis Pro One mid-size and large van all-electric platforms, ranging from 2.8 to 4.25 Gross Vehicle Weight (GVW). Stellantis Pro One will manufacture the vans at its plants in Atessa (Italy), Gliwice (Poland) and Hordain (France) and deliver the vehicles to Iveco Group. The Group will then distribute the vehicles on the European market – including the United Kingdom – through its established sales and service channels.
With a GVW of respectively 2.8 to 3.1 tons and 3.5 to 4.25 tons, the two future IVECO vans will complement the brand’s battery electric offer for the European market and extend it into this lighter weight segment, providing customers with a broader choice of products to cover all applications. These vehicles expand and enhance IVECO’s LCV portfolio alongside the iconic eDaily, produced in Italy in the historic IVECO plant in Suzzara and electrified in the Brescia facility. The two companies foresee the commercialisation of the new models by mid-2026, based on a ten-year supply. This represents a significant collaboration in the commercial vehicle sector, a commitment to the transition towards sustainable mobility with a long-term horizon. Read More
Capucine Lorenzi is appointed Alpine Chief Operating Officer. In her new role, Capucine Lorenzi will be responsible for the global performance of operations. She will also coordinate cross-functional projects to ensure speed, consistency and efficiency in the implementation of the Alpine strategy. Capucine Lorenzi joined the Alpine brand as VP Procurement a year ago, after 20 years’ experience in purchasing including expertise in premium sourcing strategy. Through her VP Procurement role, she will continue to report functionally to François Provost, Renault Group Chief Procurement, Partnerships & Public Affairs Officer. She is a member of both the Alpine Management Committee and the Renault Group Procurement Management Committee.. Read More
Doosan Enerbility announced on March 12th that it had signed an Early Works Agreement (EWA) with Siemens Gamesa the prior day on building a new wind turbine manufacturing facility in Changwon. In attendance at the EWA signing ceremony, which was held at Doosan Enerbility’s Changwon headquarters, were key figures from the related parties, including Yohan Yun, Senior Vice President of Doosan Enerbility’s Power Services Sales & Marketing; Kwangyol Lee, Senior Vice President of Doosan’s Power Services Engineering & Production and Falk Mehdorn, COO of Nacelles at Siemens Gamesa. The two companies had initially entered into a strategic partnership in 2022 in an effort to expand the domestic offshore wind market in Korea. With the signing of this EWA, the two companies will now be embarking in earnest on the execution phase. Doosan Enerbility will start with the design work required for building the 14MW offshore wind turbine manufacturing facility and production system at Doosan’s Changwon plant. Siemens Gamesa will be offering knowledge exchange on technology, manpower support and training to help Doosan Enerbility build up its nacelle assembly capabilities. Siemens Gamesa, the wind turbine unit of Germany’s Siemens Energy, holds the No. 1 position in the global offshore wind turbine market with a track record of having supplied 28GW of wind turbines worldwide. Doosan Enerbility started engaging in the wind power business in 2005 and since then, has established itself as the leading offshore wind turbine supplier with the largest track record in Korea. Read More
Hyundai Motor America recently donated $25,000 to Nicklaus Children’s Hospital to support its Car Seat Safety Program. This ongoing collaboration is part of the corporate social responsibility initiative, Hyundai Hope, which seeks to improve community well-being through health and safety. With this donation, Nicklaus Children’s Hospital will expand access to child passenger safety education and provide more free onsite car seat safety checks and installations.. Read More
The Board of Directors, chaired by Giuseppe Zafarana, approved the 2024 Eni’s Annual Report prepared according to article No. 154-ter of the Italian comprehensive code for exchanges and securities. Consolidated net profit attributable to Eni’s shareholders amounted to €2,624 million.
The Italian version of Eni’s 2024 Annual Report has been prepared in accordance with the European provisions on the standardization of financial languages (ESEF – European Single Electronic Format regulation).
The separate draft financial statements of the parent company for the year ending December 31, 2024, reported a net profit of €6,419 million. The 2024 IFRS consolidated statements and the separate statements of the parent company Eni SpA are enclosed herein.
The fourth instalment of the dividend for the fiscal year 2024 will be resolved by the Board of Directors at its meeting scheduled on April 3, 2025, being the payment date May 21, 2025, the ex-dividend date May 19, 2025, and the record date May 20, 2025.
The 2024 Annual Report (Italian version), in accordance with Article 154-ter of the Italian comprehensive code for exchanges and securities, has been handed to the Board of Statutory Auditors and the Independent Auditors. The Report will be made available to the public within the first ten days of April, at the Company’s registered office, on the company’s website, eni.com and in the other manner provided for by current legislation together with the reports of the Board of Statutory Auditors and the Independent Auditors. On the same day, an Annual Report on Form 20-F will be filed with the U.S. SEC. Read More
Eni announces the official inauguration of the Rural Health Centers of Assouindé and Bondoukou located in the southeastern part of the country, rehabilitated and equipped in collaboration with the non-governmental organization International Rescue Committee (IRC). This initiative is part of a broader program aimed at strengthening the healthcare system in Sud Comoé Region, with a particular focus on maternal and child health. The inaugurated health centers have undergone significant interventions including rehabilitation of infrastructure, improvement of hygiene and sanitation conditions, improvement of electrical installations and proper management of medical waste. These health centers have also been provided with medical equipment to improve the quality of medical care. Alongside the infrastructure improvements and the delivery of medical equipment, 4 fully equipped 4×4 ambulances have been already distributed in 2024 and are already in service to facilitate timely access to healthcare for communities, of which 2 have been assigned to the Adjaké health district, 1 to Grand-Bassam, and 1 to Aboisso. Additionally, the initiative includes a comprehensive training program for healthcare personnel and community health organizations. The 2 renovated health centres top the 3 facilities inaugurated in July 2024 in Ayenouan, Djiminikoffikro, and Ono-Salci, while another facility in Grand-Bassam is under rehabilitation, bringing the total number to 6. Thanks to this initiative, the rate access in the use of healthcare centres has increased to more than 30%, making a tangible contribution to the well-being of the population. Read More
Porsche is a lifestyle – with a global community brought together, regardless of nationality, by a mutual passion. Meet the dedicated German couple who are the living embodiment of this ethos as they rack up thousands of kilometres – and forge lifelong friendships – across the United States 911 GT3 RS (997), 911 Speedster (991), USA, Porsche AG
Much more than a car brand, Porsche is a lifestyle – with a global community brought together, regardless of nationality, by a mutual passion. Meet the dedicated German couple who are the living embodiment of this ethos as they rack up thousands of kilometres – and forge lifelong friendships – across the United States.
For many Porsche enthusiasts, a road trip is that rarest of things – a fleeting few days away from the routine of daily life. But for German couple Christian and Ortrun Hartinger, the road trip is the routine. Having driven extensively around Germany and Europe since they met in 2010, over the past three years the couple have turned their attention to the US, driving more than 160,000 kilometres (100,000 miles) there from behind the wheel of their own 911 models.
The Hartingers came to the Porsche brand in very different ways. Christian grew up in Bavaria in the 1970s and remembers the familiar sight of the original 911 Turbo while playing Top Trumps as a small boy. In the 1980s he would visit the Frankfurt Motor Show each year, transfixed by the Porsche stand and the ever-evolving outline of the 911. Read More
Baker Hughes Rig Count: U.S. unchanged at 592 Canada -35 to 199
U.S. Rig Count is unchanged from last week at 592 with oil rigs up 1 to 487, gas rigs down 1 to 100 and miscellaneous rigs unchanged at 5.
Canada Rig Count is down 35 from last week to 199, with oil rigs down 31 to 139, gas rigs down 4 to 60 and miscellaneous rigs unchanged at 0.
International Rig Count is unchanged from last month at 905 with land rigs down 2 to 711, offshore rigs up 2 to 194.
| Region | Period | Rig Count | Change |
| U.S.A | 14 March 2025 | 592 | — |
| Canada | 14 March 2025 | 199 | – 35 |
| International | February 2025 | 905 | -4 |
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
OilandGasPress.com is a website that provides news, updates, and information related to the oil and gas industry. It covers a wide range of topics, including exploration, production, refining, transportation, distribution, and automotive market trends within the global energy sector. Visitors to the site can find articles, press releases, reports, and other resources relevant to professionals and enthusiasts interested in the energy, oil and gas industry.
Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases
Please email us your industry related news for publication info@OilAndGasPress.com
Follow us: on Twitter | Instagram
