Latest Energy/Automotive news bulletin | April 07
London, April 07, 2025 (Oilandgaspress) –-Brent futures and U.S. West Texas Intermediate crude futures on Monday hit their lowest since April 2021. Goldman Sachs, Citi and Morgan Stanley revised their forecasts for oil prices down on Monday. Over the past week, both benchmarks have lost more than 10%. Natural gas prices also declined on recession fears
Mitsubishi Heavy Industries, Ltd. (MHI) has newly established a branch office of Mitsubishi Heavy Industries Australia, Pty. Ltd. (MHI-AUS) in Perth, in Western Australia state, to conduct business relating to decarbonization. The new Mitsubishi Heavy Industries Australia Perth Office was created to secure a solid foothold in Perth, the main economic center of all western Australia which serves as a major base of operations involving environmental protection, and to probe further business opportunities relating to Australia’s energy policies and the building of a sustainable society. Read Related News
At Bauma 2025, Dana reaffirmed its customer commitment with a comprehensive portfolio of cutting-edge drive and motion solutions helping to redefine performance, sustainability, and long-term value.
This week in Hall A3, Stand 326, Dana Off-Highway Drive and Motion Systems is fortifying its position as a premier Tier One supplier for original-equipment manufacturers (OEMs) with:
• a full range of Spicer® drivetrain solutions for construction machines powered by internal-combustion engines, hybrid, and fully electrified drivetrains;
• a wide offering of Brevini® gearboxes for mining applications, featuring improved efficiency and a reduced footprint;
• a comprehensive range of Graziano® shifting solutions specifically tailored to boost vehicle performance and lower fuel consumption; and
• the Dana Certified Reman program, cost effectively supporting equipment owners and contributing to the circular economy by restoring Spicer components to the same performance as new units.
“For decades, Spicer, Brevini, and Graziano products have set the standard for performance, durability, and long-term value in construction and mining,” said Craig Price, Senior Vice President and President of Dana Off-Highway Drive and Motion Systems. “Today, we’re accelerating the shift to clean-energy technologies while maximizing the life of existing equipment with the Dana Certified Reman Program.”
Powering the Energy Transition at Every Stage
Dana Off-Highway’s three fully integrated drive solutions on show at Bauma 2025 demonstrate unmatched flexibility across all power sources — battery-electric, hybrid, and alternative fuels.
“There’s no one-size-fits-all for construction and mining’s energy transition,” said Marcus King, Vice President of Dana Off-Highway Global Sales, Business Development, Strategy, and Program Management. “Dana delivers the drivetrain solutions OEMs need to advance sustainability on their terms.”
Battery-Electric Solutions for Compact Wheel Loaders
Dana Off-Highway’s zero-emission system includes the Spicer® eSG001 e-Transmission, a TM4® motor and inverter, high-efficiency axles, and the Spicer® APC400 controller — boosting performance while accelerating OEM speed to market.
High-Efficiency Drivetrains for Mid-Sized Machines Alternative Fuel Ready
Designed for hydrogen, biofuels, and more, the Spicer® HVT2 powersplit transmission cuts fuel consumption by up to 30 percent. Paired with high-efficiency Spicer® 114HD and 115 axles, it optimizes fuel economy and machine performance.
Enhanced ICE Efficiency for Wheeled Excavators
For ICE-powered excavators, Dana Off-Highway’s drivetrain — featuring the Spicer® 342 transmission and 262HD/162HD axles — is a field-proven solution delivering precision, reliability, and a zero-jerk brake system for smoother operation.
Compact Power for Stationary Industrial Applications
Brevini EvoMax® helical and bevel-helical gearboxes for mining applications now offer an integrated fan option for superior cooling and torque density. Additionally, Dana Off-Highway is debuting the new Brevini® S270 planetary gearbox for stationary mining applications, balancing power and sustainability with a reduced manufacturing footprint.
“Brevini gearboxes set the standard for durability and performance in critical applications,” said John Collins, Industrial Segment Lead for Dana Off-Highway. “We innovate in lockstep with our customers to meet their evolving needs.”
Extending Equipment Life with Dana Certified Reman
Available in Europe, North America, and China, the Dana Certified Reman program improves the efficiency of Spicer axles, transmissions, torque converters, and gearboxes while supporting sustainability. In addition to reducing the total cost of ownership, remanufactured drivetrains utilize recycled materials and minimize energy and water consumption during production. Read Related News
Honda’s executive vice president has been forced to quit over an ‘allegation of inappropriate conduct’ during a ‘social gathering’, the Japanese automaker has said.
Shinji Aoyama, who is also the company’s director, resigned following an investigation by Honda’s audit committee.
The firm did not give details about Aoyama’s behaviour, which happened ‘outside of work hours’, but said CEO Toshihiro Mibe will take a 20 per cent salary cut for two months ‘in light of the seriousness’ of the matter.
In a statement, they added: ‘It is deeply regrettable that an individual positioned as a leader in the management of the company, and who is expected to set an example for the respect of human rights and compliance with relevant laws and regulations, has become the subject of an allegation of conduct contrary to these principles.
‘We take this incident very seriously and recognise that restoring trust is our top priority.
‘We will also consider measures to prevent recurrence and further strengthen our compliance system across the company.
‘In light of this incident, we are currently promptly considering our future management structure and will announce it shortly.’
Aoyama, who joined Honda in 1986, resigned before the company’s board were scheduled to make their decision on what disciplinary action to take.
CEO Toshihiro Mibe will take a 20 per cent salary cut for two months ‘in light of the seriousness’ of the matter
Honda said they ‘take this incident very seriously and recognise that restoring trust is our top priority’
He was one of two executive vice presidents sitting just below Mibe prior to his departure, and had led Honda’s motorcycle business, its North American operations and its electrification efforts.
Last month the ex-employee warned that tariffs imposed by US President Donald Trump could be costly for the firm.
Honda is Japan’s second largest automaker after Toyota.
Executives were in talks for a possible merger with Nissan until negotiatians were called off in February. Read Related News
Honda R&D Co., Ltd. announced plans to test its high-differential pressure water electrolysis system at the International Space Station (ISS) in collaboration with leading space and technology companies Sierra Space and Tec-Masters. The project is part of Honda’s vision for a regenerative fuel cell system that could provide advanced energy storage capable of supporting human life on the lunar surface. Honda is leveraging decades of hydrogen fuel cell technology expertise to develop a regenerative fuel cell system, known as a circulative renewable energy system, that will continuously produce oxygen, hydrogen, and electricity. Honda envisions the circulative renewable energy system to be part of the infrastructure for humanity’s sustained habitation on the Moon – utilizing the available resources of sunlight and water. By enhancing the performance of the circulative renewable energy system, improvements can be made to long-life regenerative fuel cells that can be used as a scalable, clean, and renewable energy source both in space and on Earth.
During the Lunar Day, the system will use electricity generated by the sun to power the process. Honda’s high-differential pressure water electrolysis system will then produce hydrogen and oxygen from water. During the Lunar Night, when the Moon is not receiving sunlight, some of the oxygen will be used for astronauts to breathe. The Honda fuel cell system will use the remaining oxygen, along with the hydrogen produced during the Lunar Day, to generate electricity.
After the fuel cells generate electricity, the only byproduct is water, which is recycled back into the water electrolysis system to create a closed-loop energy cycle. This process is similar to how a home solar system operates on Earth, where daytime solar electricity is harnessed, and excess energy is stored in home energy batteries to provide power throughout the night.. Read Related News
Honda Motor Co., Ltd. announced that the Company has become aware that Honda Director, Executive Vice President and Representative Executive Officer Shinji Aoyama is facing an allegation of inappropriate conduct during a social gathering outside of work hours. In response to this situation, the Audit Committee promptly led an investigation, compiled a disciplinary action plan, reported the plan to the Board of Directors, and sought opinions from outside experts. Based on the above results, the Board of Directors was scheduled to make a decision on the disciplinary action. However, Mr. Aoyama submitted a notice of resignation today. The Company’s Board of Directors has determined that it is appropriate for Mr. Aoyama to resign from his position.
In light of the seriousness of this matter and based on his role as leader of the management team, Director, President and Representative Executive Officer Toshihiro Mibe also will voluntarily return 20% of his monthly compensation for a period of two months.
It is deeply regrettable that an individual positioned as a leader in the management of the Company, and who is expected to set an example for the respect of human rights and compliance with relevant laws and regulations, has become the subject of an allegation of conduct contrary to these principles. The Company sincerely apologizes for any discomfort caused by such conduct, and for the significant disturbance and concern it has caused to all stakeholders. Read Related News
Two Kia vehicles earned awards and consideration for vehicle excellence from the editors of Cars.com in their annual ranking of “2025 Best Value New Cars.” The Kia Sorento LX earned its first-ever win in the Midsize SUV category and the 2025 Kia Soul LX (and LX w/ Technology Package) was a finalist for the second year in a row.
“The Sorento and Soul recast the value equation in their respective segments, offering consumers innovative features without a compromise,” Steven Center, COO & EVP, Kia America.
Cars.com’s 2025 Best Value New Cars report identifies the most affordable new-car models in nine categories — subcompact cars, compact cars, subcompact SUVs, compact SUVs, midsize SUVs, compact pickup trucks, midsize pickup trucks, full-size pickup trucks and electric vehicles — that offer the best value for the price based on features and each category’s average price among Cars.com’s inventory.
“The Kia Sorento rises to the top of the mid-size SUV class thanks to its three rows of standard seating, long warranty, and suite of safety features. The Sorento checks all the boxes for families — space, safety, and affordability,” says Jenni Newman, editor-in-chief, Cars.com. “It’s a rare find to get this much SUV for the money, which is why we named the 2025 Kia Sorento Cars.com’s Best Value Mid-Size SUV.”
To determine the award winners for “2025 Best Value New Cars,” Cars.com’s editorial team evaluated hundreds of vehicles from mainstream, mass-market brands, focusing on models that come equipped with a specific set of core features: automatic transmission, Apple CarPlay and Android Auto, blind spot monitoring, forward collision warning with automatic emergency braking and pedestrian detection, brake assist, and lane departure warning. The team identified the lowest-cost trim level or package configuration that included all of these features, then factored in the estimated annual fuel or charging costs based on EPA data. To qualify, models also had to be priced at or below the average price for their segment. While factors like warranty coverage, seating capacity for trucks, and fuel grade requirements did not impact rankings, they were noted as important considerations for long-term ownership.
These awards are not simply for the most affordable vehicles, but vehicles that combine affordability with exceptional value. The segment-redefining Soul is an artful blend of form and function and is loaded with desirable standard features. The 2025 Kia Sorento provides a spacious cabin, fuel economy, and a long list of standard creature comforts and driver assistance features. Read Related News
Kia Corporation will host dual events at Milan Design Week 2025; a public exhibition highlighting its ‘Opposites United’ design philosophy, alongside an exclusive installation featuring the brand’s latest PBV and EV models.
Opposites United: Eclipse of Perceptions
Opposites United: Eclipse of Perceptions, a public exhibition, will showcase Kia’s ongoing transformation while fostering cultural exchange and creative exploration that both challenges and inspires. Featuring conceptual artworks by visionary artists such as Philippe Parreno and A.A. Murakami, the exhibition invites visitors to engage with the ideas, philosophies, and expressions that shape contemporary creativity.
Spread across several rooms in the Museo della Permanente, each space offers a sensory journey that immerses participants in artworks designed to encourage a reevaluation of their perception of the possible.
Opposites United: Eclipse of Perceptions runs from April 7-13 at the Museo della Permanente. More details will be revealed on April 7.
Transcend Journey
Transcend Journey, an exclusive installation, will explore the evolution of mobility, highlighting how Kia’s vehicles can bridge the gap between urban and outdoor experiences.
Focusing on Kia’s latest PBV and EV models, the artwork will demonstrate how these vehicles enhance the user experience by connecting modern mobility with adventurous lifestyles. A twisting sculpture will symbolize the harmonious uniting of opposing ideas, while collaborations with leading South Korean outdoor and coffee brands will highlight the diverse applications of Kia’s vehicles.
Transcend Journey will be on display from April 7-9 at Eastend Studios in Milan, Italy. Further details of the exhibit will be provided on April 10. Kia at Milan Design Week Read Related News
Autotrader’s Best New Cars of 2025 list
Volkswagen of America, Inc. today announced that Autotrader has named the 2025 Volkswagen ID. Buzz to its list of Best New Cars of 2025. The list is comprised of ten vehicles selected from new and refreshed 2025 and early 2026 models.
“The ID. Buzz isn’t just a throwback; it’s a forward leap. This inclusion on Autotrader’s 2025 list proves we’ve nailed the balance,” said Andrew Savvas, Chief Sales & Marketing Officer, North American Region. “The ID. Buzz provides that emotional connection, that spark of joy when you see it, and then the realization it’s a seriously capable EV. We’ve tapped into something special – a vehicle that resonates on a deeper level while still delivering on the practical front.”
Autotrader’s Best New Cars of 2025 list includes four electric vehicles, two hybrid gasoline-electric vehicles, and four traditional gasoline internal combustion engine models. The selection criteria focused on vehicles available for purchase within nine months, with a base price under $130,000.
“The VW ID. Buzz is about more than just its jaw-dropping design,” said Autotrader Editor Eric Brandt. “To me, it’s exciting because the minivan segment finally has an EV. Although this will likely be driven as a fashion statement more than a family hauler, it’s still good to see my favorite segment get an all-electric option.” Available in three trims—Pro S, Pro S Plus, and a launch-only 1st Edition—the ID. Buzz offers flexibility with rear-wheel-drive and 4Motion® all-wheel-drive configurations. Rear-wheel-drive variants deliver 282 horsepower with an EPA-estimated range of 234 miles, while 4Motion models offer 335 horsepower and an EPA-estimated range of 231 miles. With three rows of seats accommodating up to seven passengers and ample cargo space, the ID. Buzz combines practicality and performance.
Blending iconic charm with modern innovation, the ID. Buzz stands out as a customizable electric vehicle designed to turn heads. The ID. Buzz’s distinctive exterior combines retro design cues, such as an oversized VW logo and short overhangs, with contemporary details such as vibrant color options, offering customers a chance to personalize their ride. Standard features include a 12.9-inch infotainment display, a 30-color ambient lighting system, IQ.DRIVE® driver assistance technology, and Park Assist Plus with Memory Parking. Pricing starts at $59,995 MSRP. Destination fee for all ID. Buzz models is $1,550. Read Related News
The partnership between two undisputed symbols of Italian industry, Lamborghini and Ducati, has always been fertile ground for the creation of unique projects capable of quickening the pulse of motorbike enthusiasts and collectors all over the world, thanks to the shared racing DNA of the two manufacturers. With a history rich in successes, this collaboration now embarks on an exciting new chapter. The latest extraordinary expression of this synergy will be unveiled during the Milano Design Week, on April 9th.
The previous collaborations between Ducati and Lamborghini have shown how the pursuit of shared values – such as the authenticity of ‘Made in Italy’, a vocation for sporting brilliance and pioneering design – can spawn truly original projects. The first example was the Ducati Diavel 1260 Lamborghini, inspired by the Lamborghini Sián FKP 37 and presented on 25 November 2020 in a limited edition of 630 models. This was a motorbike that reinterpreted the stylistic hallmarks of one of the brand’s most iconic cars. Read Related News
(Reuters) -Shell lowered its first-quarter liquefied natural gas (LNG) production outlook in a trading update on Monday, citing the impact of bad weather in Australia, before it publishes results on May 2. The British company guided for LNG output to reach between 6.4 million and 6.8 million metric tons, down from a previous forecast of 6.6 million to 7.2 million tons. It produced 7.1 million tons of LNG in the fourth quarter of last year. The downward revision was because of cyclones and unplanned maintenance in Australia, the company said, adding that its gas division trading results are expected to be in line with the previous quarter. Read More
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
Submit your Releases or contact us now!
Follow us: on Twitter | Instagram
Oil and gas press covers, Energy Monitor, Climate, Renewable, Wind, Biomass, Sustainability, Oil Price, LPG, Solar, Marine, Aviation, Fuel, Hydrogen, Electric ,EV, Gas,
