October 31, 2024 Latest Energy / Automotive News
London, (Oilandgaspress) ––TotalEnergies announces the third interim dividend of €0.79/share for fiscal year 2024, an increase close to 7% compared to 2023 The Board of Directors meeting on October 30, 2024 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, decided the distribution of the third 2024 interim dividend of 0.79 €/share, an increase of 6.8% compared to the three interim dividends paid for fiscal year 2023 and identical to the first and second 2024 interims. This increase is in line with the shareholder return policy confirmed by the Board of Directors in February 2024 and reiterated at the Annual General Meeting of May 24, 2024. Read More
| On Thursday October 31st 2024 at 07:00 GMT (08:00 CET and 03:00 EDT) Shell plc released its third quarter results and third quarter interim dividend announcement for 2024. |
| Shell plc third quarter 2024 results |
| Shell plc third quarter 2024 interim dividend announcement |
Volvo Trucks continuously develops its active safety systems to protect vulnerable road users such as cyclists and pedestrians, all with the purpose of taking steps towards the company’s long-term vision of zero accident involving Volvo trucks.
The latest example is Volvo’s Active Side Collision Avoidance Support, where the key word is active. This is an evolution of an existing safety system, with the active brake function being added. Using radar sensors to detect approaching cyclists, the system can warn the driver and if necessary, it can now also actively brake the truck to avoid a collision with cyclists when turning the truck towards the passenger side. Read More
Daimler Truck North America LLC (DTNA) has delivered 20 zero-emission, battery-electric Freightliner eCascadia Class 8 tractors to Reyes Beverage Group (RBG), a total bev-alc (alcoholic beverages) distributor. The vehicles, deployed at RBG’s Golden Brands – East Bay and Harbor Distributing – Huntington Beach warehouses, mark the first phase in RBG’s transition to a fully zero-emission fleet in the state by 2039. An additional nine vehicles are scheduled for delivery to RBG’s Gate City Beverage – San Bernardino warehouse later this year. Read More
Freightliner, a leading manufacturer of medium- and heavy-duty trucks and a division of Daimler Truck North America LLC (DTNA), today unveiled the fifth generation Cascadia. The newest addition to the Freightliner family builds on its legacy as the industry’s preferred on-highway truck with advanced safety features, increased aerodynamic efficiency and the addition of new business intelligence tools to benefit profitability. The fifth generation Freightliner Cascadia debuts all-new, expanded capabilities for the Detroit Assurance Suite of Safety Systems. Notable system updates include enhanced computing power and an upgraded camera, as well as four new short-range radar sensors and an improved long-range radar sensor – all of which provide for new and updated safety offerings, including:
Active Brake Assist 6 (ABA6) is now capable of adding automatic braking when detecting vehicles stopped at odd angles, vehicles in curves, stopped vehicles across multiple lanes, and recognizing both moving – and now – stationary pedestrians. Read More
To incentivize both the next generation of technicians, as well as those currently employed, DTNA has developed yet another tool for its Uptime Management Suite of service applications that empower a technician to grow professionally, while taking part in a technological revolution.
After navigating through its initial pilot phase amidst the challenges posed by the Covid-19 pandemic, Techlane is now widely available. The powerful AI-incorporated application is utilized by technicians via laptop or tablet directly in the service bay to assist with the troubleshooting, repair and warranty processes to expedite a vehicle’s downtime and return it to the road as quickly as possible. The platform not only enriches a technician’s career with its use of cutting-edge technology, but it also streamlines the customer/dealer relationship with procedural improvements to repair orders, warranty claims and invoices.
Techlane harnesses the ingenuity of AI to quickly diagnose the root cause of any repair issue. This feature allows a significant reduction in time previously spent by a technician during the troubleshooting process. Techlane’s generative AI functionality provides the ability to consolidate a technician’s repair process into a customer-friendly, detailed summary. This affords the customer a simple overview of the repair while offering transparency. This level of efficiency and trust elevates both the customer and dealer experience. Read More
BYD announced a global strategic partnership with Black Myth: Wukong, becoming the game’s exclusive automotive brand partner. Black Myth: Wukong, hailed as China’s first AAA game, surpassed one million sales within its first hour of release. In just three days, global sales exceeded 10 million, with over 3 million concurrent players across all platforms, catapulting it into the ranks of the world’s top single-player games.
On a global scale, BYD has become the world’s top seller of new energy vehicles (NEVs), with its vehicles present in over 95 countries and regions, and more than 400 cities. Through continuous technological advancements and product innovations, BYD has emerged as a pioneer in the NEV industry.
Both BYD and Black Myth: Wukong share a similar journey of perseverance—each excelling in their respective industries after years of dedication. BYD and China’s gaming industry have both evolved from humble beginnings to become industry leaders, a success deeply rooted in their commitment to technological advancement. Read More
(Reuters) – BYD, opens new tab has appointed former Stellantis, opens new tab UK chief Maria Grazia Davino to lead its operations in a group of European countries including Germany, the Chinese automaker said on Wednesday.
BYD, the second-largest producer of battery-electric cars globally, has been leading Chinese carmakers’ push into Europe. It is also building factories in Hungary and Turkey to establish local manufacturing capacity. She will take the role of regional managing director for Germany, Switzerland, Poland, Austria and Czech Republic, starting from Dec. 1, BYD said. Read full article
(Reuters) – China has told its automakers to halt big investment in European countries that support extra tariffs on Chinese-built electric vehicles, two people briefed about the matter said, a move likely to further divide Europe.
The new European Union tariffs of up to 45.3% came into effect on Wednesday after a year-long investigation that divided the bloc and prompted retaliation from Beijing.
Ten EU members including France, Poland and Italy supported tariffs in a vote this month, in which five members including Germany opposed them and 12 abstained. Read More
Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today announced that its principal German subsidiaries will apply for self-administration proceedings in the next few days with the competent court in Germany. This follows a lengthy and complex government approval process for a loan from KfW, which failed in the Budget Committee of the German parliament.
Lilium’s international competition is receiving grants and loans in the U.S., France, China, Brazil, and the UK. Therefore, German government support was seen by Lilium investors as critical to retain market confidence and potential future investment.
“Our plan was to obtain shareholder investment in a new funding round anchored by a German government backed loan of €100 million,” Lilium CEO Klaus Roewe said. “We had already conditionally secured additional private capital to complement the KfW loan. However, the Budget Committee was unable to agree on the loan and Bavaria couldn’t do it alone.”
German government support of the KfW loan was a closing condition to already committed private funding and without this support Lilium was left with no alternative but to cause the principal German subsidiaries to file for self-administration.. Read Press Release
Nissan today announced that cumulative global production of its e-POWER vehicles surpassed 1.5 million units as of the end of October. At present, e-POWER vehicles are sold in 68 markets around the world.
A unique Nissan technology, e-POWER uses a small capacity gasoline engine and lithium ion battery to power an electric motor – the electric motor alone drives the wheels. This results in an electric-vehicle driving experience, characterized by powerful and responsive acceleration yet quietness.
Nissan launched e-POWER first in Japan in 2016 with the Note e-POWER. Availability of the innovative powertrain has since been expanded to the Kicks and X-Trail sport-utility vehicles and the Serena minivan. In fiscal year* 2023, 42.6% of Nissan vehicles sold in Japan were e-POWER.
In China, e-POWER became available in 2021 with the Sylphy e-POWER sedan and it is now also available on the X-Trail SUV.
In Europe, e-POWER versions of the X-Trail and Qashqai SUVs were launched in 2022, with a total of more than 100,000 units sold as of January. Nissan plans to launch e-POWER in the U.S. and Canada by the end of fiscal year 2026. Read more
Woodside announced the completion of the sale of a 15.1% non-operating participating interest in the Scarborough Joint Venture to JERA, Japan’s largest power generation company.The completion follows Woodside’s announcement on 23 February 2024 that it had broadened its strategic relationship with JERA through a transaction that included: equity in the Scarborough Joint Venture; LNG offtake; and collaboration on potential opportunities in new energy and lower carbon services.
The sale proceeds of approximately US$1.4 billion received by Woodside for equity in the Scarborough Joint Venture comprise the purchase price and reimbursed expenditure.Woodside CEO Meg O’Neill warmly welcomed JERA to the Scarborough Joint Venture. “Participation in the Scarborough Joint Venture is a key part of our strong and highly valued strategic relationship with JERA. That relationship reflects our shared view that gas will play an important role in the global energy transition for decades to come. “This latest sale of equity in Scarborough again underlines the long-term value Japanese customers like JERA are placing on gas and the significance of LNG in Japan and the region’s energy security. “In addition to supplying markets in north Asia the project will be an important source of gas for the domestic market in Western Australia. “The team is delivering the Scarborough Energy Project to plan and work is now almost threequarters complete. We remain on track for targeted first LNG cargo in 2026.” Read More
Toyota Motor Corporation (hereafter, Toyota) and Nippon Telegraph and Telephone Corporation (hereafter, NTT) have agreed to a joint initiative in the field of mobility and AI/telecommunications with the aim of realizing a society with zero traffic accidents. Through their previous collaborations, the two companies have confirmed that they share common values, such as contributing to society through technological and industrial development, a people-centered approach, and global contributions that start in Japan. This time, they will further deepen their collaboration with the aim of achieving a “society with zero traffic accidents” as the first step towards realizing a prosperous mobility society where safety and freedom are in harmony.
In order to achieve a society with zero traffic accidents, it is necessary to take an infrastructure-cooperative approach that constantly connects people, mobility and infrastructure, in addition to the advancement of driving support technology based on data-driven technology in cars and the development of future automated driving technology. To achieve both of these things, Toyota is developing Software Defined Vehicles (SDV) with safety and security as the top priority. Alongside the evolution of SDV, it will become more important to build infrastructure such as a high-speed, high-quality communication infrastructure, an AI infrastructure that can collect and intelligently process vast amounts of information, and a computing infrastructure. In this collaboration, NTT, whose strengths lie in the telecommunications, and Toyota will jointly build a “Mobility AI Platform” that combines a seamless communications infrastructure with AI and computing platforms that can intelligently process large amounts of data. By doing so, they aim to connect people, mobility, and infrastructure to realize a safe, secure, and sustainable mobility society with no traffic accidents. Read Press Release
To address the urgent issue of climate change, the Minister for Climate and the Environment of Sweden, the Minister of Science of Colombia, Saab, EAFIT University in Colombia and KTH Royal Institute of Technology in Sweden present a new Combat Climate Change (C-3) UAV Project, which aims to facilitate climate research.
A successful collaboration project between EAFIT University in Colombia, KTH Royal Institute of Technology in Sweden, and Saab has resulted in a new unmanned aerial vehicle (UAV) able to collect data for climate monitoring. The project was officially launched in the framework of COP16, by Romina Pourmokhtari, Minister for Climate and the Environment of Sweden, Yesenia Olaya, Minister of Science of Colombia, Eva Axelsson, Head of Group Sustainability at Saab, and Olga Lucía Quintero, academic supervisor for the project by EAFIT.
“We are pleased to announce this landmark initiative, which not only exemplifies the robust cooperation between Colombia and Sweden but also celebrates our shared commitment to technological innovation for environmental protection and monitoring,” says the Minister for Climate and the Environment of Sweden, Romina Pourmokhtari.
The unmanned aerial vehicle will be equipped with specialised sensors and will be deployed to measure greenhouse gas concentrations, such as carbon dioxide and methane, as well as other pollutants and aerosols in the atmosphere. Furthermore, the UAV can be deployed to assess the health of the Amazon rainforest, agricultural lands, and other ecosystems, detecting any changes in vegetation patterns and soil conditions.
By correlating these measurements with ground images taken by the aircraft, the mission seeks to complement existing satellite data. The ultimate objective is to apply the measured concentrations within large-scale mathematical and AI-based prediction models, which can help better understand and manage the complexities of our global climate system. . Read More
Oil and Gas News Undiluted !!! �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
Oil and gas press covers, Energy Monitor, Climate, Renewable, Wind, Biomass, Sustainability, Oil Price, LPG, Solar, Marine, Aviation, Fuel, Hydrogen, Electric ,EV, Gas,
