London, January 08, 2025 (Oilandgaspress) –-Donald Trump is not ruling out military or tariff pressure to achieve his plans to acquire control over the Panama Canal and Greenland, the US President-elect reportedly told a press conference at his home in Mar-a-Lago, Florida on Tuesday.
SAFE S.p.A announced the signing of an agreement with Agrobiofert S.r.l., The agreement includes the supply of a 30-foot cabin containing two high-efficiency hydraulic compressors with three combined compression stages, enabling a pressure of up to 450 bar. The solution, entirely designed and manufactured in Italy, also includes logic control panels, command systems, and cooling systems. Thanks to its duplex configuration, the system ensures operational continuity: each compressor can operate independently, minimizing the risk of downtime. Additionally, the hydraulic compressors allow the hydrogen flow to be modulated without the need for inverters, leveraging their hydraulic circuit for greater efficiency and operational simplicity. These compressors will optimize the management of hydrogen produced by the H2 Farm project, an integral part of the Sicilian Hydrogen Valley located in Priolo Gargallo (Syracuse). The project, funded by PNRR resources and promoted by the Sicilian Region, aims to build a 2.5 MW plant for green hydrogen production powered by photovoltaic energy, regenerating a decommissioned industrial area. Read More
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Jackery unveils its expanded vision with the launch of groundbreaking products and its new slogan: “Sustainable Power for Your Life.”
At CES 2025, Jackery is showcasing its boldest innovations yet. Leading the way is the Jackery Solar Roof, featuring curved solar tiles in the U.S., alongside the next-generation 3000v2 Portable Solar Generator. The first-ever curved solar roof tiles available in the U.S., the system eliminates the clash between traditional photovoltaic (PV) panels and architectural design. Engineered for peak performance, the tiles deliver a cell conversion efficiency of over 25%. With a sophisticated aesthetics and revolutionary technology, the Jackery Solar Roof provides a sustainable energy solution that enhances home value without compromising visual appeal.
Jackery has evolved into a comprehensive provider of renewable energy solutions, driven by a commitment to innovation, trust, and sustainability. With a focus on making clean power accessible anytime, anywhere, Jackery offers two core product lines: solar generators for home use and portable solar generators for outdoor adventures. Read More
Copenhagen Infrastructure Partners (CIP) has, through its flagship fund CI IV, taken Financial Investment Decision (FID) and issued Notice to Proceed (NTP) to commence construction of two further Battery Energy Storage System (BESS) projects in Scotland.
Coalburn 2 is situated in South Lanarkshire, adjacent to CIP’s existing Coalburn 1 BESS project, and Devilla is situated in Fife, near the town of Kincardine. Each project is sized at 500MW and, once commissioned, will be the largest battery storage projects in Europe.
These two projects represent an investment of approximately £800 million. They expand CIP’s UK BESS construction portfolio from one to three projects and make CIP the largest battery storage investor in the United Kingdom.
The CIP BESS portfolio (Coalburn 1, Coalburn 2, and Devilla) will have total power capacity of 1.5GW and will be able to store and supply the grid with a total of 3GWh of electricity, equivalent to the electricity demand of over 4.5 million households, across a 2-hour period.
To mark the commencement of construction for the Coalburn 2 project, CIP welcomed Scotland’s First Minister John Swinney and Gillian Martin, Scotland’s Cabinet Secretary for Net Zero and Energy, to the Coalburn site for a tour of ongoing construction works and to discuss CIP’s future energy infrastructure investment plans for Scotland and the UK. Read More
Energy bills look set to rise this summer as freezing temperatures and a supply crunch threaten to push up wholesale gas prices.
Experts warn price signals suggest the UK’s cost-of-living crisis is still hurting households despite hopes 2025 would see an end to high prices. Britain and Europe are waiting for a wave of LNG to come on the market in late 2025, meaning growth in supplies should outstrip demand and bring prices back down but not for several months. But prices are tipped to remain elevated until then. Read More
Lufthansa (LHAG.DE), opens new tab is set to acquire a stake in Italian state-owned airline ITA on Jan. 13, a source familiar with the situation told Reuters on Wednesday, bringing to a close years of talks. DPA news agency first reported on the date, which Lufthansa CEO Carsten Spohr announced at an employee event, according to the report. A Lufthansa spokesperson declined to comment on the specific date and reiterated that the acquisition was expected to close in early 2025. Lufthansa is set to buy 41% of ITA, the successor airline to bankrupt Alitalia, for 325 million euros ($335 million). Read More
(Reuters) – The owners of Northvolt on Wednesday voted to continue operations while the Swedish electric vehicle battery maker seeks to sort out its finances, it said in a statement. Northvolt went from Europe’s best shot at an EV battery champion to seeking bankruptcy protection in a matter of months last year as production problems and dwindling funding took their toll.
Its owners, which include Volkswagen and Goldman Sachs, met in Stockholm to vote on whether to liquidate the group or allow the Chapter 11 restructuring overseen by a U.S. court to continue. Read More
UK’s EV charging infrastructure had a record year of growth in 2024, official figures have confirmed.
The number of charge points installed in the UK over the course of the calendar year was the highest annual level seen on record, with tens of thousands of new chargers added as the Government and industry pushes to alleviate charging anxiety amongst EV drivers.
The latest published figures by charge point mapping service ZapMap shows more than 20,000 new devices were installed throughout last year, bringing the total number of public chargers to 73,699.
This represents a year-on-year increase of 38 per cent. Read More
The Bugatti Bolide¹ stands apart as the only modern, track-only creation from Molsheim – a circuit-focused masterpiece that embodies Bugatti’s unwavering commitment to delivering extraordinary experiences. While most lucky Bolide owners eagerly anticipate the exclusive 2025 track sessions that Bugatti is carefully curating for them – where owners will gather to unleash their cars on the asphalt – one passionate racer simply couldn’t wait. Driven by a desire to unlock the full potential of his newly delivered Bolide as soon as possible, he booked a track to feel the thrill – the ultimate Christmas gift to himself. The U.S. customer, the first to take his Bolide to the track after delivery, was already deeply familiar with the Circuit of the Americas (COTA), a revered jewel of the Formula One calendar. But this wasn’t just another lap for him – this was the moment to push the Bolide to its limits, to experience firsthand the power and precision of Bugatti’s track-only hyper sports car inspired by a rich motorsports heritage.
Bugatti’s expert customer service team had ensured that every detail was covered long before the car hit the tarmac. The day before, the owner was immersed in a static handover and technical briefing, where every nuance of the car was explored, preparing him for what lay ahead on the 5.513-km circuit. With 20 challenging corners, COTA is known for testing even the most skilled drivers, and this preparation only increased his excitement for the unforgettable, adrenaline-fueled day ahead. Read More
Oil and Gas News Undiluted !!! �The squeaky wheel gets the oil�
Kia Corporation is once again supporting the Australian Open – the prestigious tennis Grand Slam event of the Asia-Pacific region – through the supply of a fleet of official tournament vehicles, including its all-electric EV5, EV6 and EV9 models, plus hybrid Carnival HEV, Sorento HEV and Sportage HEV models. As the Major Partner of AO25, the brand held an official vehicle handover ceremony at Melbourne Park on January 8, attended by Damien Meredith, Kia Australia CEO; Craig Tiley, Australian Open Tournament Director; and Ash Barty, Australian Open champion. Following 24 years of support, Kia continues to be the Australian Open’s longest-running major partner. Kia presented tournament officials with a fleet of 130 vehicles, featuring 25 units of EV9, 15 units of EV5, 10 units of EV6, 30 units of Carnival HEV, 25 units of Sorento HEV and 25 units of Sportage HEV. This is the first year that all tournament vehicles are electrified – either all-electric or hybrid. The vehicles will provide players, match officials and VIPs with safe, comfortable and sustainable transport around Melbourne during AO25 which runs from January 12 to 26. Read More
The Opel Corsa has reaffirmed its position as the most popular small car in Germany in 2024. According to official data from the Federal Motor Transport Authority (KBA), the Corsa took the top spot in the small car segment for the fourth year in a row with 43,467 new registrations.
Since its launch in 1982, more than 14.6 million units of the Corsa have been sold worldwide. The Corsa follows Opel’s tradition of democratizing innovative technologies. These include, for example, the Intelli-Lux Matrix Light and numerous modern driver assistance systems. With the Corsa, Opel is also making electromobility affordable: the battery-electric Corsa Electric is available for under €30,000 in Germany.
“The Opel Corsa is once again the bestselling model in the German small car segment. Our bestseller impressively underlines its important role in our portfolio. This also includes the fact that the Corsa Electric was Opel’s most registered electric car last year. I look forward to continuing the success story of the Corsa in 2025,” said Patrick Dinger, head of Opel Germany.
Elsewhere, the Opel Astra also achieved an excellent result in 2024. With around 47,600 new registrations, its sales increased by almost 90 per cent compared to the previous year. Read More
Stellantis, and dSPACE, a leader in simulation and validation solutions, today announced they have signed a non-binding Memorandum of Understanding (MOU) aimed at accelerating the cloud-based development of Stellantis vehicles.
The collaboration will integrate dSPACE’s VEOS platform for Software-in-the-Loop (SIL) testing into the Stellantis Virtual Engineering Workbench (VEW), enabling faster, scalable development of customer-focused features.
The VEW empowers Stellantis engineers worldwide to refine software early in development, leveraging virtual environments to develop, integrate, test and optimize up to a year before hardware becomes available. On its new technology platforms, 80-85% of testing is done on SIL platforms using continuous integration and testing methodologies, enabling the delivery of new vehicle software in under two years, significantly reducing time-to-market and enhancing product quality.
The Stellantis software strategy is built on three AI-powered technology platforms – STLA Brain, STLA SmartCockpit and STLA AutoDrive, which will debut on select vehicles in 2025. These platforms, developed on the VEW, ensure agile feature delivery across Stellantis’ 14 iconic brands. The Stellantis VEW features a first-of-its-kind Virtual Cockpit, which helps accelerate development cycles by up to 100 times compared to traditional methods. With over 3,800 active unique daily users, it exemplifies Stellantis’ commitment to innovation, sustainability and delivering high-quality customer experiences.
The implementation of the proposed non-binding MOU is subject to a definitive agreement. Read More
Neste and Bayer, a global enterprise with core competencies in the life science fields of health care and agriculture, have signed a memorandum of understanding aimed at developing a winter canola ecosystem in the U.S, including identifying partners and developing the value chain together, and scaling winter canola production as a raw material for renewable products.
While having a strong focus on waste and residue raw materials, Neste continues to actively explore and develop other types of renewable raw materials, such as novel vegetable oils produced by regenerative farming practices. Regenerative farming practices aim to trap carbon in healthier soils, promote biodiversity and reduce emissions from agriculture, while increasing farm productivity. Neste is working together with value chain partners in several regions globally, collaborations varying from smaller field trials studying sustainability benefits of selected concepts to more mature projects using different regenerative agriculture practices. The aim is to identify the most promising concepts that can be scaled up and can play an important role in diversifying and growing Neste’s raw materials pool for renewable products. Read More
The following is an shell update to the fourth quarter 2024 outlook and gives an overview of our current expectations for the fourth quarter. Outlooks presented may vary from the actual fourth quarter 2024 results and are subject to finalisation of those results, which are scheduled to be published on January 30, 2025. Unless otherwise indicated, all outlook statements exclude identified items. See appendix for the definition of the non-GAAP measure used and the most comparable GAAP measure. Read More
During the period from 30 December 2024 to 3 January 2025, Eni acquired on the Euronext Milan no. 3,410,661 shares (equal to 0.10% of the share capital), at a weighted average price per share equal to 13.1939 euro, for a total consideration of 44,999,986.34 euro within the second tranche of the treasury shares program approved by the Shareholders’ Meeting on 15 May 2024, previously subject to disclosure pursuant to art. 144-bis of Consob Regulation 11971/1999, for the purpose of paying to the Shareholders an additional remuneration compared to the distribution of dividends. From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 113,020,457 shares (equal to 3.44% of the share capital) for a total consideration of 1,567,563,605.25 euro. Considering the treasury shares already held and the purchases made from the beginning of the treasury shares buyback program on 27 May 2024 and the free of charge shares granted to Eni’s directors (following the conclusion of the Vesting Period as provided by the “Long-Term Incentive Plan 2020-2022” approved by Eni’s Shareholders’ Meeting of 13 May 2020) and to Eni’s employees (as provided by the “Employee Stock Ownership Plan” approved by Eni’s Shareholders’ Meeting of 15 May 2024) , Eni holds n. 204,630,784 shares equal to 6.23% of the share capital. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $74.75 | Up |
| Crude Oil (Brent) | USD/bbl | $77.38 | Up |
| Bonny Light 06/01/25 CBN | USD/bbl | $77.17 | Down |
| Dubai | USD/bbl | $76.51 | Up |
| Natural Gas | USD/MMBtu | $3.61 | — |
| Murban Crude | USD/bbl | $77.41 | Up |
| OPEC basket 06/01/25 | USD/bbl | $76.07 | Down |
.EzFill Holdings, Inc. announced the completion of its purchase of a fleet of trucks from Shell Retail and Convenience Operations LLC (“Shell”), a wholly owned subsidiary of Shell Oil Products US. By integrating these trucks into its existing fleet, EzFill has significantly bolstered its operational capacity and expanded its service footprint in Texas while launching in Arizona and furthering its mission to provide efficient and reliable fueling solutions across its growing service areas. The transaction closed on December 27, 2024. As a result, EzFill has officially commenced operations in four new markets: Phoenix, San Antonio, Houston, and Austin; and expanded operations in Dallas. EzFill has started integrating the Shell trucks into its fast-growing infrastructure. Read More
Hallador Energy Company announced that its wholly owned subsidiary, Hallador Power Company, LLC, executed a Conversion Transaction Commitment Agreement (the “Agreement”) with a leading global data center developer, effective January 2, 2025. This Agreement is in furtherance of the previously announced non-binding term sheet signed during the third quarter of 2024, reflecting an important milestone as both the Company and the developer seek to finalize a definitive transaction agreement to support the delivery of energy and capacity (through a utility partner) to a potential data center development within the State of Indiana.
The Agreement provides exclusivity in negotiations to the counterparty for a period of 105 Business Days (“Exclusivity Period”) and cumulative payments of up to $5 million to Hallador Power Company, LLC, with $1 million due in January, $2 million of payments due in March, if the parties have not satisfied certain conditions precedent to the proposed transaction, and an additional $2 million in June if such conditions precedent have not been satisfied by the end of the Exclusivity Period. The parties will use the Exclusivity Period to finalize selection of a utility partner and to negotiate and complete other definitive agreements related to the proposed transaction. If the Company is successful in executing definitive agreements and once the transaction commences, it is expected to contract the majority of the Company’s energy and capacity at prices higher than the forward curve for more than a decade. . 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.
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