Oilandgaspress Energy / Automotive News to May 14, 2025, Latest
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London, May 14, 2025 (Oilandgaspress) –- The European Union has agreed to impose a new round of sanctions against Russia, threatening to slap on another one if the country continues to refuse the 30-day unconditional ceasefire proposed by the White House and the “Coalition of the Willing”. The preliminary deal on the new sanctions, the 17th package since February 2022, was sealed on Wednesday morning during a meeting of EU ambassadors and is expected to be formally approved by foreign affairs ministers next week. So far, the bloc has targeted 153 tankers from the “shadow fleet”, all of which have been denied access to EU ports and services.
The new sanctions add 189 vessels, bringing the total number to just over 350.
Wednesday’s agreement also blacklists 75 individuals and companies involved in Russia’s military industrial complex and over 30 firms, including some in Kazakhstan, Serbia, Turkey, Uzbekistan, Vietnam and the United Arab Emirates (UAE), suspected of supplying Moscow with dual-use goods the West has prohibited, diplomats said.
It also bans the exports of EU-made chemicals that can be used to produce missiles… . Read from source
INEOS and Royal Wagenborg launch the first European built offshore CO2 carrier for Carbon Capture and Storage INEOS Energy and Royal Wagenborg have today launched and named the first European built offshore CO2 carrier to enable carbon capture storage across Europe. The launch and naming of Carbon Destroyer 1 marks a defining moment in the development of Project Greensand and the EU’s first commercial -scale carbon capture and storage (CCS) value chain.
Lady Catherine Ratcliffe, as Godmother of the vessel, performed the traditional naming ceremony, to launch the carrier at the Royal Niestern Sander shipyard in the Netherlands, as part of a close partnership between Royal Wagenborg and INEOS Energy.
Maritime innovation meets climate action
The Carbon Destroyer 1 carrier is based on Wagenborg’s EasyMax design and has been specially adapted for handling CO₂ under pressure and at low temperatures. It is built to the highest safety and environmental standards, aligning with maritime sustainability goals.
Through Project Greensand, Denmark is positioning itself as a hub for CO₂ storage in Europe, and Carbon Destroyer 1 will connect emitters with permanent, commercial scale offshore CO2 storage.
Mads Weng Gade, CEO of INEOS Energy Europe, says: “Carbon destroyer 1 will transport captured CO2 from across Europe, creating a virtual pipeline between the point of capture and permanent storage deep beneath the seabed of the North Sea. The delivery of the first dedicated offshore CO2 carrier is a prerequisite for commercial scale CCS across the continent.”
The vessel is expected to be fully operational by the end of 2025 or early 2026 – when Project Greensand’s is due to begin permanent commercial scale CO₂ storage operations.
New CO₂ terminal in Esbjerg will serve as key onshore hub
The vessel will operate between the Port of Esbjerg in Denmark and the Nini West offshore platform.
In Port of Esbjerg construction is currently underway on a new CO₂ terminal, which will serve as the onshore hub for receiving, storing, and loading liquefied CO₂ onto the vessel.
Once established, the terminal will include six large storage tanks and essential infrastructure to support continuous and scalable CO₂ transport to the offshore storage site.
Captured CO₂ – initially from Danish biogas plants – will be delivered to the terminal by truck, temporarily stored, and then transferred to Carbon Destroyer 1. From there, the vessel will sail to the Nini Field, where the CO₂ will be injected over 1,800 metres beneath the seabed into depleted oil reservoirs that have been certified for safe, long-term storage.
Sale of INEOS Hygienics to SKG Capital Partners INEOS is pleased to announce the sale of its INEOS Hygienics business to SKG Capital Partners, a Middle Eastern based family office. As part of the transaction, the INEOS Hygienics business and team will transfer to SKG Capital Partners, marking an exciting new chapter for the brand.
INEOS Hygienics was established in response to the pandemic and has since grown into a successful household and personal care brand. The sale will enable the business to continue expanding within the FMCG sector, while INEOS focuses on strengthening its core chemicals, energy, and automotive portfolio.
INEOS thanks the INEOS Hygienics team for their dedication and wishes them continued success under new ownership.
Joby Flies Two Aircraft Simultaneously in Testing The two-aircraft flight, completed in Marina, CA on May 9, is a further demonstration of the maturity of Joby’s test program, and comes just two weeks after the Company announced it had reached another testing landmark, successfully completing flights with a full transition from vertical to cruise flight, and back again, with a pilot onboard.
Commenting on the milestone, JoeBen Bevirt, founder and CEO, said: “This achievement not only demonstrates Joby’s leadership in the sector, it’s another indication of the power of American innovation.
“Our air taxi is designed, manufactured and assembled here in the US, and we are a proudly American company, employing engineers and other experts across 40 different US states.
“With six aircraft in our test fleet, flying multiple aircraft at a time will play an important role in accelerating our certification testing and supporting our plans to carry our first passengers next year.”
Joby has partnered with Delta Air Lines and Uber to bring its service to the US and expects Los Angeles and New York City to be launch markets. Service is planned to start shortly after Joby receives type certification from the Federal Aviation Administration.
Vertical Aerospace Announces 1,000-mile Hybrid-Electric VTOL Programme Vertical Aerospace announced it is developing a hybrid-electric vertical-take-off-and landing (VTOL) variant of its VX4 aircraft, expanding range and payload capabilities to unlock new market opportunities within the already sizable $1TR1 total addressable urban air mobility market. Vertical’s hybrid-electric strategy builds on its all-electric VX4 and Flightpath 2030 strategy, enabling new potential applications in defence, logistics and commercial sectors including air ambulance services, which require longer range and higher payload than current eVTOL platforms can deliver.
Vertical’s second-generation hybrid-propulsion system, which has been in development for 18 months at the Vertical Energy Centre, will be retrofitted into one of the company’s VX4 full scale prototypes and is expected to commence flight testing in Q2 2026.
Key targeted capabilities of Vertical’s hybrid-electric variant:
Vertical Aerospace, Honeywell Expand Partnership Vertical Aerospace and Honeywell announced the signing of a new long-term agreement that expands their existing partnership and reinforces Honeywell’s commitment to the certification and production of Vertical’s electric vertical take-off and landing (eVTOL) aircraft, the VX4.
Under this expanded collaboration, Honeywell and Vertical will work together to certify two of the most critical systems on the VX4 that make it safer and easier to fly: the aircraft management system, which includes the Honeywell Anthem Flight deck, and the flight controls system, which includes Honeywell’s compact fly-by-wire system. Both systems will be certified for the production version of the VX4.
The Anthem flight deck is essentially the brains of the VX4, combining cockpit displays, software, controls, and connectivity into one smart, digital platform. It is designed to be intuitive and highly automated, helping pilots make better, faster decisions. The fly-by-wire system is technology that allows the aircraft to be controlled electronically instead of mechanically, helping to improve stability, safety, and ease of flight.
China Airlines Announces Order for Boeing 777X Boeing [NYSE: BA] and China Airlines (CAL) today announced the carrier as the newest 777X customer with an order for 10 777-9 passenger and four 777-8 Freighter airplanes. The first carrier in Taiwan to order the fuel-efficient 777X, China Airlines will leverage the widebody jet’s added capacity and range on long-haul routes to North America and Europe.
In addition to the firm order, which booked in March 2025 and was posted as unidentified on Boeing’s orders and deliveries website, the airline has options to purchase five 777-9s and four 777-8 Freighters. With this order, China Airlines joins an exclusive group of global airlines that have ordered the passenger and freighter variants of the 777X family.
“As a long-time operator of the 777-300ER and 777 Freighter, we are excited to welcome Boeing’s newest 777X family into our world-class fleet,” said Kao Shing-Hwang, chairman of China Airlines. “The advanced technology and features of the 777-9 will provide our customers with the best-in-class flying experience, while the 777-8 Freighter’s range and fuel-efficiency will enable us to maintain a leadership position in air cargo. This is a significant investment toward our future, and we will rely on the new 777X family to help realize our long-term sustainability goals.”
The world’s largest twin-engine jet, the 777-9 will offer 20% lower fuel use and emissions than the airplanes it replaces, as well as the lowest operating cost per seat of any airplane as it connects far-flung destinations with a range of 7,295 nautical miles (13,510 km). The 777-9 will allow China Airlines to maximize capacity with 426 passengers in a typical two-class configuration while offering exceptional comfort with a more spacious cabin environment.
Boeing opens new commercial parts warehouse in Germany Boeing [NYSE: BA] celebrated the opening of its third distribution center in Germany, strengthening the company’s regional service footprint and customer support capacity.
On more than 4,500 square meters, the new distribution center located in the city of Dormagen, will store more than 9,000 unique parts for Boeing aircraft, including large items such as landing gear components.Major airline customers in Europe benefit from shorter parts delivery times, enabling quicker repairs as well as maintenance and overhaul work to keep airplanes in service.
“Service excellence is the cornerstone of our mission. We are committed to actively listening to our customers to ensure we deliver the critical parts they need when they need them,” said William Ampofo, senior vice president, Parts & Distribution and Supply Chain, Boeing Global Services. “The expansion of our global network through this new warehouse exemplifies our dedication to being where our customers need us most.”
Boeing continues to invest in and develop regional distribution centers to optimize parts delivery and ensure a reliable and efficient supply chain. The new Germany warehouse is one of nine distribution centers around the world dedicated to holding and shipping spare parts specifically for Boeing’s commercial customers.
“Our new logistics and spare parts center in Dormagen joins our existing distribution services operations in Norderstedt and Henstedt-Ulzburg,”said Dr. Michael Haidinger, president, Boeing Germany. “With this new site, we are doubling down on our commitment to the German aerospace community, our customers and local partners.”
Stocked with the fastest moving parts in the spares catalog, Boeing’s Cologne Distribution Center is expected to ship around 30,000 parts this year. Primarily set up to support major European airlines, it will serve all Boeing commercial airplane customers. The facility operates in partnership with third-party logistics provider GXO.
AviLease Places Order for up to 30 737 MAX Jets
Boeing [NYSE: BA] and AviLease, a global aircraft lessor headquartered in Saudi Arabia, announced the lessor has placed its first direct order for Boeing airplanes with a firm purchase for 20 737-8 jets and options for 10 more.The deal enables AviLease to scale up its growing portfolio and provides its customers with the latest generation, fuel-efficient aircraft.The single-aisle order aligns with the Kingdom of Saudi Arabia’s strategic plan to transform the country into a global aviation hub. The airplanes will support the country’s goal of serving 330 million passengers and attracting 150 million visitors annually by 2030.
Government of the UAE to buy six (6) U.S. CH-47F Block II Chinook helicopters . The State Department has made a determination approving a possible Foreign Military Sale to the Government of the United Arab Emirates of CH-47F Chinook Helicopters and related equipment for an estimated cost of $1.32 billion. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale today.
The Government of the United Arab Emirates (UAE) has requested to buy six (6) CH-47F Block II Chinook helicopters with air-to-air refuel probe capability and extended range fuel tanks. U.S. Government and contractor engineering, technical, and logistics support services; and other related elements of logistics and program support. The estimated total cost is $1.32 billion.
This proposed sale will support the foreign policy and national security of the United States by helping to improve the security of an important regional partner. The United Arab Emirates is a vital U.S. partner for political stability and economic progress in the Middle East.
The proposed sale will improve the United Arab Emirates’ capability to meet current and future threats by extending its range of flight operations. The UAE will use these assets in search and rescue, disaster relief, humanitarian support, and counterterrorism operations. The United Arab Emirates will have no difficulty absorbing this equipment and services into its armed forces.
The proposed sale of this equipment and support will not alter the basic military balance in the region.
The principal contractors will be Boeing Helicopter Aircraft Company, located in Ridley Park, PA; and Honeywell Engine Company, located in Phoenix, AZ. At this time, the U.S. Government is not aware of any offset agreement proposed in connection with this potential sale. Any offset agreement will be defined in negotiations between the purchaser and the contractor.
Saudi Aramco signs $90b worth of agreements with US companies Saudi Arabia’s state energy company Aramco has signed 34 agreements with major US companies, potentially worth a total of $90 billion.
The deals, announced on May 14, aim to boost Aramco’s long-term growth strategy and expand its presence across a wide range of sectors, from traditional oil and gas to artificial intelligence and manufacturing. The memoranda of understanding (MoUs) and commercial agreements were signed through Aramco and its group companies, covering areas such as liquefied natural gas (LNG), fuels, petrochemicals, emissions-reduction technologies, AI, equipment procurement, and financial services.
Some of the largest collaborations are tied to Aramco’s downstream business, which includes refining and chemicals. US-based Honeywell UOP, Afton Chemical, ExxonMobil, and Motiva — which operates the largest refinery in the US and is wholly owned by Aramco — are among the firms involved.
Equinor’s annual general meeting 2025 On 14 May 2025, the annual general meeting in Equinor ASA approved the annual report and accounts for Equinor ASA and the Equinor group for 2024, as proposed by the board of directors.
Further, the annual general meeting approved a cash dividend of US dollar (USD) 0.37 per share to be distributed for the fourth quarter of 2024.
The fourth quarter 2024 dividend accrues to the shareholders as registered in Equinor’s shareholder register with the Norwegian Central Securities Depository (VPS) as of expiry of 16 May 2025. Subject to ordinary settlement in VPS, this implies that the right to dividend accrues to shareholders as of 14 May 2025. The shares will be traded ex-dividend on the Oslo Stock Exchange (Oslo Børs) from and including 15 May 2025. For US ADR (American Depository Receipts) holders, dividend accrues to the ADR-holders as of 14 May 2025, and the ex-dividend date will be from and including 16 May 2025.
Shareholders whose shares trade on the Oslo Stock Exchange will receive their dividend in Norwegian kroner (NOK). The NOK-dividend will be communicated on 22 May 2025. The expected payment date for the dividend is 28 May 2025.
The general meeting authorised the board of directors to resolve dividend payments based on the company’s approved annual accounts for 2024. The authorisation is valid until the next annual general meeting, but no later than 30 June 2026.
Daimler Truck Reports Q1 2025: Revenue of the Industrial Business of €11.6 billion In a first quarter marked by growing macroeconomic uncertainties, Daimler Truck Holding AG (Daimler Truck) delivered strong overall results. As anticipated, unit sales and revenue of the Industrial Business and EBIT on Group level declined while Daimler Truck’s adjusted ROS in the Industrial Business increased to 9.6%, driven by the strong performance of Trucks North America and Daimler Buses. Mercedes-Benz Trucks faced continued headwinds in Europe which resulted in significantly lower unit sales. The segment Trucks Asia delivered solid Q1 results with increased unit sales, revenue and adjusted EBIT.
With €11.6 billion the Industrial Business’ revenue was slightly below the previous year’s first quarter (Q1 2024: €12.5 billion). Revenue development was particularly impacted by overall lower unit sales. Adjusted Group EBIT in the reporting period was €1.16 billion (Q1 2024: €1.21 billion). In the Industrial Business (IB), adjusted EBIT was €1.11 billion (Q1 2024: €1.16 billion). Adjusted return on sales (adj. ROS) in the IB increased to 9.6% (Q1 2024: 9.3%). Free cash flow (FCF) of the IB was €33 million (Q1 2024: €1,213 million). Earnings per share in Q1 amounted to €0.99 (Q1 2024: €1.00).
The Group’s global unit sales in Q1 totaled 99,812 units (Q1 2024: 108,911). Group sales of battery-electric trucks and buses (ZEVs) slightly decreased to 759 units (Q1 2024: 813), while incoming orders of ZEVs were at 1,266 units in the first quarter (Q1 2024: 1,146 units). Overall incoming orders were at 103,151 units for the group (Q1 2024: 105,807). Decreased incoming orders for Trucks North America (minus 29% vs. Q1 2024) reflect the customers’ reaction to the growing uncertainties in North America. Mercedes-Benz Trucks saw a positive trend in incoming orders with an increase of 9% compared to Q1 2024.
Xiaopeng becomes the first Chinese new car company to land at Milan Design Week At Milan Design Week 2025, Xpeng Motors became the first Chinese new car company to land at Milan Design Week, and the only Chinese car brand to exhibit at the ADI Design Museum, the demonstration site of Milan Design Week. At the event, Xpeng Motors officially announced the launch of its brand in Italy, which marked another key step in Xpeng Motors’ globalization strategy. At the event, Juanma Lopez, vice president of Xpeng Motors’ styling design center, expressed his views on Xpeng design: “We have defined a unique design language through the integration of advanced production technology and the collision of rational logic and emotional expression – which can not only accurately interpret the aesthetic system, but also realize the boundless transmission of design concepts.”
Jeep® returns as the jersey sponsor of Juventus A historic partnership is renewed: the Jeep® brand is once again the Official Sponsor and will return to the Juventus jersey – men’s, women’s, and Juventus Next Gen teams – starting from the 2025-2026 season, as part of a multi-year agreement that also includes other sponsorship elements. Jeep thus returns to intersect its path with that of Juventus, continuing a successful journey of twelve sports seasons, which began in 2012-2013 and continued in 2024-2025 as the Official Automotive Partner.
DS Automobiles expertise, N°4 draws on an avant-garde design, the widest electrified range in the premium compact hatchback segment, a unique balance between handling and comfort combined with benchmark connectivity.
Building on its elegant, athletic and muscular design, N°4 stands out through a new front that includes an expressive, identifying light signature.
The only multi-energy hatchback in its segment offering a full range of electrified powertrains, N°4 provides unprecedented freedom of choice: 100% electric E-TENSE with 213 hp and a 450 km range (combined WLTP cycle), a 225 hp PLUG-IN HYBRID with an electric range increased to 81 km and a 145 hp self-charging HYBRID.
N°4 enhances the travel experience with redesigned ergonomics that are ever more seamless and immersive, as well as a new range of connected services for complete serenity.
A real distillation of DS Automobiles expertise, N°4 draws on an avant-garde design, the widest electrified range in the premium compact hatchback segment, a unique balance between handling and comfort combined with benchmark connectivity.
Building on its elegant, athletic and muscular design, N°4 stands out through a new front that includes an expressive, identifying light signature.
The only multi-energy hatchback in its segment offering a full range of electrified powertrains, N°4 provides unprecedented freedom of choice: 100% electric E-TENSE with 213 hp and a 450 km range (combined WLTP cycle), a 225 hp PLUG-IN HYBRID with an electric range increased to 81 km and a 145 hp self-charging HYBRID.
N°4 enhances the travel experience with redesigned ergonomics that are ever more seamless and immersive, as well as a new range of connected services for complete serenity.
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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