Oilandgaspress Energy / Automotive News to May 20, 2025, Latest
London, May 20, 2025 (Oilandgaspress) –-Oil markets are stuck between hopes for supply relief and fears of demand stagnation. Talks between the US and Iran — or more accurately, around them.
Iran’s Supreme Leader Ayatollah Ali Khamenei cast doubt on the outcome of the ongoing negotiations, saying he’s not optimistic about a deal and urged the US to “stop talking nonsense.” Economic slowdowns in key markets like China and India are starting to show up in fuel consumption data. US shale production remains resilient Read More
Lamborghini Historical Archive Lamborghini renews its connection with its past every day, thanks to a unique collection of documents. The Archive, which factually tells the story of the company and its cars through thousands of original records, is at the core of all Lamborghini Polo Storico activities. Established in 2015, the same year as Polo Storico’s foundation, it supports restoration work, certifications, and the reconstruction of spare parts, playing a key role in preserving Lamborghini’s historical heritage. On its tenth anniversary Lamborghini Polo Storico, which continues to expand and digitize the Archive year after year, opens the doors of its collection to share its value and role with the world through a new video. To mark its tenth anniversary, Lamborghini Polo Storico tells the story of its mission through four short films, each focusing on a key pillar of its work: the historical Archive; the ‘Comitato dei Saggi’, a group of former employees who provide validation and support with their first-hand knowledge; restoration; and certification. The tenth-anniversary celebrations, which began in St. Moritz in February, will continue in the United States at the Pebble Beach Concours d’Elegance (16–18 August), before concluding in Italy at Auto e Moto d’Epoca, scheduled to take place in Bologna from 23 to 26 October.
Subsea 7 S.A. announces changes to Board responsibilities Subsea 7 S.A.today announced updates to Board responsibilities as a result of previously announced changes to Board composition. Lucia de Andrade will serve as a member of the Audit and Sustainability Committee and also as a member of the Tender Committee. David Mullen will step down from the Audit and Sustainability Committee and serve as a member of the Compensation Committee.
All other responsibilities are unchanged.
Biographies for each of the Directors and full details of the membership of each committee can be found in the Corporate Governance section of the Company’s website:
Odfjell Announce Successful placement of senior unsecured bonds Odfjell SE has successfully completed a new senior unsecured bond issue of NOK 1,000 million, carrying a coupon of 3 months NIBOR + 2.75% with quarterly interest payments.
The net proceeds shall be applied towards general corporate purposes.
Arctic Securities and DNB Carnegie acted as global coordinators and joint bookrunners, and Danske Bank and SEB acted as joint bookrunners in connection with the placement of the bond issue. An application will be made for the bonds to be listed on Oslo Børs.
Neste starts to supply sustainable aviation fuel to FedEx Neste and FedEx, the world’s largest express cargo airline, have agreed on the supply of 8,800 metric tons (more than three million gallons) of blended Neste MY Sustainable Aviation Fuel™ to FedEx at Los Angeles International Airport (LAX). It is the largest SAF purchase by a U.S. cargo airline at LAX to-date. The fuel blend purchase will account for roughly a fifth of all jet fuel consumed annually by FedEx at LAX*.
This fuel purchase by FedEx marks the first major U.S. SAF deployment by FedEx and builds upon years of the company’s efforts to co-create innovative sustainable aviation technologies with other industry leaders. Through this agreement, FedEx has purchased blended fuel from Neste that includes a minimum of 30% neat, i.e. unblended Neste MY Sustainable Aviation Fuel. Delivery of the fuel began in May 2025 and will continue for one year.
“Procuring SAF is an important component of our aviation emissions reduction strategy in the coming years, and we are pleased to have executed a deal with Neste to begin using this fuel in our air operations,” said Karen Blanks Ellis, Chief Sustainability Officer and Vice President of Environmental Affairs, FedEx. “Our aviation network represents the largest amount of FedEx fuel use globally and, as a result, is our biggest opportunity to drive down emissions. As we work toward our goal of carbon-neural operations by 2040, we need the SAF market to continue to grow to meet industry demand.”
China to deploy world’s largest drone mothership with 4,500-mile range, 100-UAV payload
First unveiled at the Zhuhai Air Show in November, the South China Morning Post reported that the aircraft represents a strategic leap in Beijing’s pursuit of extended-range UAV operations and asymmetric warfare advantages.The drone carrier possesses a maximum range of 7,000 kilometers (nearly 4,500 miles) and an operational ceiling of 15,000 meters, placing it well above the engagement envelope of most medium-range air defense systems.
Jiu Tian is configured for long-endurance missions across contested airspace with a maximum take-off weight of 16 tonnes (nearly 17.5 US tons) and a wingspan measuring 25 meters.
A specific feature of the UAV is its internal bay system, which is capable of releasing up to 100 loitering munitions or miniature drones, potentially including kamikaze-type UAVs.
These are deployed symmetrically from dual bays on the aircraft’s underside, enabling distributed or saturation attacks on enemy defenses.
Chinese drones The China Academy of Aerospace Aerodynamics, one of the country’s top makers of unmanned military aircraft, has sold more than 200 midsize and large combat drones to over 10 nations, greatly facilitating wars against terrorists, according to a senior manager.
Wang Zhaokui, one of the Beijing-based academy’s executives in charge of unmanned aircraft business, told China Daily in an exclusive interview that since the first delivery to a foreign customer in 2003, the Caihong, or Rainbow, combat drones have been widely deployed across Southeast Asia, the Middle East and Africa, and have played a crucial role in counterterrorism operations.
The pilotless planes have accumulated nearly 70,000 hours in combat actions from nearly 12,000 sorties, and have fired more than 2,000 munitions, boasting a 98.2-percent successful hit rate, he said.
VP Renault LCV Business unit Announced Effective July 1st, current CEO of Renault Group Türkiye Jan Ptacek will join the Renault Brand Board as Vice President Renault LCV Business unit, reporting directly to Fabrice Cambolive, CEO of the Renault Brand. His new role includes driving the growth and competitiveness of Renault’s Light Commercial Vehicle (LCV) business, with the ambition to strengthen the brand’s leadership in key markets and segments. This involves accelerating the ramp-up of the Renault Master across Europe and leading the preparation for the 2026 launches of the next-generation Trafic, Goelette, and Estafette, laying the groundwork for continued product innovation and expansion. He will also drive international development by deploying a dedicated LCV strategy within the Renault International Game Plan, with a focus on strategic regions such as Latin America, Morocco, Turkey and India. Additionally, he will be responsible for managing and optimizing CAFE (Corporate Average Fuel Economy) performance in Europe within the LCV perimeter, through a well-balanced and electrified product mix.
Successful handover of BW Adolo operations to BW Energy Gabon SA BW Offshore Limited and BW Energy Limited announce that, with effect from 20 May 2025, operations and maintenance (“O&M”) of the FPSO BW Adolo have been handed over to BW Energy’s subsidiary, BW Energy Gabon SA Under an amended bareboat charter, BW Offshore’s subsidiary retains ownership of the unit and will continue to lease the FPSO to BW Energy Gabon on the same terms as previously agreed without the O&M services. The charter includes a mutual put-and-call option on the FPSO for USD 100 million, exercisable in 2028. The parties have been working and will continue to work together on the transition until 30 June 2025 to ensure a safe and uninterrupted transfer of operations.
“Transferring daily operational control of BW Adolo to BW Energy Gabon is a natural step given their growing presence in Gabon and potential to capture efficiencies across the local organisation,” said Marco Beenen, the CEO of BW Offshore. “The seamless execution reflects the commitment of both teams to safeguard personnel, the environment, and asset integrity.”
“Assuming full O&M responsibility will allow BW Energy Gabon to optimise field performance and capture additional synergies across the Dussafu hub. We thank BW Offshore for its exemplary stewardship of the vessel and its continued support during the transition phase,” said Carl K. Arnet, the CEO of BW Energy.
Both companies extend their appreciation to all offshore and onshore personnel who have maintained BW Adolo in a safe and efficient manner over the past seven years and look forward to sustained strong operational performance under BW Energy’s leadership. The unit remains deployed on the Dussafu Marin licence offshore Gabon, where it has produced safely since first oil in 2018.
Shell shareholders call for more transparency over how increasing gas production aligns with its climate commitments. The oil major saw 20.56% of votes supporting a resolution put forward by shareholders at its annual general meeting (AGM) held near Heathrow Airport on Tuesday. The proposal called for the board to disclose whether and how its liquified natural gas (LNG) demand forecast, production and sales targets are consistent with its climate targets.
While not legally binding, support for shareholder resolutions can put pressure on business leaders to respond to the matters raised, and more than 20% of dissent against the board can be considered a rebellion.
Responding to the results, Shell said the board will meet its obligation to explain what actions it will take to consult with shareholders to understand the reasons why just over a fifth supported the resolution.The resolution was co-filed by Brunel Pension Partnership, Greater Manchester Pension Fund, Merseyside Pension Fund and the Australasian Centre for Corporate Responsibility (ACCR) with the support of activist group ShareAction and more than 100 individual investors.
Alfa Romeo 33 Stradale on experts’ test bench The new Alfa Romeo 33 Stradale was created to celebrate an icon and, at the same time, to mark a new chapter in the legendary history of the Italian global brand. To discover its most authentic essence, a small selection of experts has been invited to the iconic Balocco track to enjoy an immersive experience and discover all the secrets of the new Alfa Romeo custom-built car. This closes a circle that, in just two years, has taken this Italian masterpiece from a blank sheet of paper to the track, combining Heritage and the future of the Alfa Romeo brand. Made in only 33 unique units, the new 33 Stradale pays homage to its 1967 forerunner – the car considered by many to be one of the most beautiful ever – and provides the most exciting driving experience for a very small circle of enthusiasts who have believed in the project since the outset.
A very small selection of experts from all regions of the world enjoyed an immersive experience between Balocco, Turin and Arese, divided into three stages: the track test of the “00 prototype,” the customized configuration in the Bottega Alfa Romeo, and the discovery of the production process in collaboration with Carrozzeria Touring Superleggera.
On the legendary asphalt of the Balocco Proving Ground, the 33 Stradale revealed its purest essence, conveying visceral emotions and transforming every corner into an unforgettable experience.
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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