London, February 25, 2025 (Oilandgaspress) –- Global demand for liquefied natural gas (LNG) is forecast to rise by around 60% by 2040, largely driven by economic growth in Asia, emissions reductions in heavy industry and transport as well as the impact of artificial intelligence. 170 million tons of new LNG supply are expected to come onstream, mostly from the U.S. and Qatar, helping to meet stronger gas demand, especially in Asia. However, the start-up timings of many new LNG projects are uncertain, according to the Shell LNG Outlook 2025. Read More
The Japan Culture and Entertainment Industry Promotion Association (CEIPA) and the TOYOTA GROUP will launch the MUSIC WAY PROJECT, a collaborative project aimed at supporting and driving the fundamental globalization and sustainable growth of the Japanese music industry. CEIPA and the TOYOTA GROUP are pleased to announce their agreement to create new value through the MUSIC WAY PROJECT.
The market for entertainment content is expanding with lifestyle changes brought on by the COVID-19 pandemic and the rise of the streaming business, and Japanese culture is capturing international attention. As Japanese content continues to excite people around the world, CEIPA and the TOYOTA GROUP will co-create a pathway for young people who are pioneering the future of Japanese music to drive the fundamental globalization and sustainable growth of Japanese music: the MUSIC WAY PROJECT.
The MUSIC WAY PROJECT will focus on nurturing talent and creating opportunities for those who take on the world through music based on the slogan “Japanese music drives the world.”
This project will serve as a guide for young musicians by helping refine their talents so they can thrive internationally, including discovering talented students, training young people in the music industry, and holding workshops with creators.
The project will also create opportunities by promoting Japanese culture in Japan and overseas, including the use of TOYOTA ARENA TOKYO which will open this autumn, as well as organizing live performance showcases that share the appeal of Japanese music in cities in the U.S., Europe, and Asia. Furthermore, the project will collaborate with the TOYOTA GROUP’s overseas bases to support relationship-building activities that serve as a foothold for global activities. In doing so, the project will provide opportunities for young talent to play an even greater role. . Read More
Toyota Motor Corporation (“TMC”) resolved to transition from a company with an Audit and Supervisory Board to a company with an Audit and Supervisory Committee, following approval at the 121st Ordinary General Meeting of Shareholders to be held in June 2025.
As a result of this transition, Toyota will establish the role of Members of the Board of Directors serving as the Audit and Supervisory Committee Members, who will maintain voting rights in the Board of Directors. In addition, Independent Outside Directors will comprise five out of the total ten directors―fully half of the board―and three of the four Members of the Board of Directors serving as the Audit and Supervisory Committee Members. To transform into a mobility company, Toyota seeks to reinvigorate the Board of Directors through a combination of Directors who practice management based on products and regions, and Independent Outside Directors who can provide advice from a wider perspective.
Toyota believes that in order to remain a company that is always chosen by stakeholders, it needs a Board of Directors that maximizes the knowledge and expertise of its directors and contributes to growth along with all the stakeholders supporting the automotive industry as it moves towards the future we hope to create. With this transition, all members of the Board of Directors may join discussions without constraint based on inside/outside roles or titles. This will encourage full participation and reinvigorate the Board. Additionally, Toyota will promote faster decision-making by delegating authority to executive management and strengthen the monitoring functions of the Board of Directors. Read More
Toyota Motor Corporation announced today that it intends to implement changes to its executive and senior professional/senior management employees effective April 1 and announced the structure of its Board of Directors following the 121st Ordinary General Shareholders’ Meeting (hereinafter referred to as the “General Shareholders’ Meeting”). Changes in Areas of Responsibility for Executives and Senior Professional/Senior Management Employees, effective April 1 Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $68.82 | Down |
| Crude Oil (Brent) | USD/bbl | $72.84 | Down |
| Bonny Light 25/02/25 CBN | USD/bbl | $76.42 | Down |
| Dubai | USD/bbl | $78.01 | Up |
| Natural Gas | USD/MMBtu | $4.03 | Up |
| Murban Crude | USD/bbl | $74.82 | Down |
| OPEC basket 24/02/25 | USD/bbl | $75.97 | Down |
Hyundai Motor Company and Kia Corporation today announced an agreement to partner with Samsung SDI to develop high-performance batteries specifically for robots, with the aim of increasing energy density, output and usage time significantly.
The three companies signed a Memorandum of Understanding (MoU) for this joint development at Hyundai Motor Group’s Uiwang Research Center. The event was attended by Dong Jin Hyun, Vice President and Head of Robotics LAB at Hyundai Motor and Kia, and Hans Cho, Executive Vice President and Head of Strategic Marketing Team at Samsung SDI. The collaboration will combine Hyundai Motor, Kia and Samsung SDI’s resources and technical expertise to develop batteries optimized for robots and integrate them into various service robots.
Currently, most sectors in the robotics industry lack dedicated batteries, so they are forced to use those designed for power tools or light electric vehicles (LEVs). Due to robots’ complex and irregular nature, space for battery installation is limited, and using smaller cells reduces output capacity.
To overcome this challenge, the collaboration focuses on developing a high-performance robot battery optimized for limited spaces while enhancing energy density to increase output and usage time.
Under the agreement, Hyundai Motor and Kia’s Robotics LAB will evaluate the application and performance enhancement of the newly developed battery for robots. They will use their accumulated technical expertise to assess maximum charge and discharge performance, usage time, and qualification life. Read More
SAMSUNG SDI announced that its 50-Ampere High Power Cylindrical Battery Cell and Material and Electrode Technology for LFP+ Platform have won the InterBattery Awards 2025. This is the second consecutive year the company has been recognized for its innovative battery technologies. The Korea Battery Industry Association has named the winners of the InterBattery Awards for products and technologies that scored high on technical excellence, innovation, productivity, and contribution to industry development ahead of InterBattery 2025, which will be held at COEX in Seoul, South Korea, kicking off on March 5.
This achievement follows last year’s InterBattery Awards, where SAMSUNG SDI won the Best Innovation Award for its SAMSUNG Battery Box (SBB) energy storage system, further showcasing the company’s technological competitiveness with two award-winning innovations this year. Read More
SAMSUNG SDI announced that the company will participate in is Korea’s leading battery exhibition, InterBattery 2025, which will be held at COEX in Seoul, South Korea from March 5 to 7. Hosted by the Ministry of Trade, Industry and Energy and co-organized by the Korea Battery Industry Association, COEX and KOTRA, Interbattery 2025 will mark its 13th year since debuting in 2013. This year, over 640 companies, including SAMSUNG SDI, major battery manufacturers and material companies, are participating, making it the largest exhibition ever.
At the exhibition, SAMSUNG SDI will showcase a wide range of next-generation battery products and innovations under the slogan “InCelligent Life, upgrading our daily lives with battery technologies”.SAMSUNG SDI’s booth will showcase the company’s differentiated battery technologies and the values that enable innovative daily life, emphasizing safety, quality, and enhanced security. The company will have the largest booth among the participants, featuring a wide range of battery-powered products, including electric vehicles, power tools and mobile devices. Visitors can also explore the company’s latest product lineup that integrates its state-of-the-art technology.
The company is expected to reveal its roadmap for future technology development, including prismatic batteries and all-solid-state batteries, which are considered among the industry’s most technologically competitive products, as well as Cell-to-Pack concept products and new energy storage system (ESS) SAMSUNG Battery Box. Read More
Hyundai Motor Group (the Group) is actively recruiting participants for its new developer conference, ‘Pleos 25’, which will be held at COEX, Seoul, on Friday, March 28. The conference aims to accelerate the transition to a software-defined vehicle (SDV) development system and expand the app ecosystem for Hyundai Motor, Kia and Genesis vehicles.
At the event, the Group will unveil ‘Pleos’, a new software brand that embodies the Group’s vision and commitment to providing smart and sustainable mobility solutions and self-managed, fully autonomous transportation infrastructure.
‘Pleos’ seamlessly connects and integrates data from all movements and devices to create new opportunities. At ‘Pleos 25’, the Group will introduce the new software brand alongside key technologies essential for software-defined vehicle development, as well as a development environment for third-party apps in next-generation infotainment systems, reinforcing its dedication to building a mobility ecosystem. The Group will also present its own software development kits (SDKs) and application programming interfaces (APIs) regarding vehicle data and app development for next-generation infotainment systems. A new, open platform providing a development environment which includes SDKs and APIs for developers will be unveiled at ‘Pleos 25’. The Group’s developers will present their latest updates through technical sessions under the themes of SDV, artificial intelligence (AI), and autonomous driving. Participants will learn about the development environment of the vehicle app market and explore the process of developing vehicle apps using SDKs through hands-on programs. Additionally, the Group will set up an exhibition space to highlight partnership cases for mobility solutions based on vehicle data and services. Read More
(Reuters) – Japan’s automobile industry association urged the government on Tuesday to try to shield Japanese automakers from tariffs that the United States may impose on imports of autos and parts.
The Japan Automobile Manufacturers’ Association is worried about damage to the economies of both countries if U.S. President Donald Trump’s administration proceeds with hefty tariffs on auto imports from Japan, Mexico and Canada, JAMA Chairman Masanori Katayama said. Japanese automakers are vulnerable to any extra tariffs Trump may impose, particularly on auto imports. The U.S. remains the top market by vehicle sales for Toyota, Honda and Nissan Read More
Elon Musk has announced that Tesla Motors will not purchase Nissan. Recently, rumours were that the world’s richest man would invest in the financially troubled Japanese giant. Following Musk’s announcement, Nissan’s stock price plummeted. Nissan is facing bankruptcy. To save the company, there was talk of collaboration between Nissan and Honda Motor – another giant of the Japanese automotive market. Ultimately, however, no transaction took place, as Nissan did not want to be taken over by a competitor. Musk responded to these reports on platform X, stating that he is uninterested in Nissan. He emphasised that he is focused on developing Tesla, including Cybercab, an autonomous robotaxi. Read More
Lighting design and manufacturing company Vode Lighting will be the first company in North America to use Hydro CIRCAL in their products. By using low-carbon recycled aluminium produced in the United States, the company will cut emissions, secure its supply chain and support a circular U.S. economy.Vode Lighting works with lighting designers, architects and interior designers to create highly efficient linear LED architectural lighting systems for public, commercial and education projects. The company has already transitioned their best selling product family, ZipTwo, to Hydro CIRCAL and aims to convert their remaining products to low-carbon recycled aluminium when possible. Read More
Mercedes-Benz Trucks has once again sent its two near-production prototypes of the eActros 600 on a testing tour through Northern Europe – but this time during the cold season in sometimes very wintry conditions. The objective of the “European Testing Tour Winter 2025” was to test the practicality of the battery-electric eActros 600 – which has since been awarded the International Truck of the Year 2025 and is in series production – in representative winter operation in Northern Europe on different routes and topographies as well as in different climate zones, gaining important insights into the effect of winter temperatures and road conditions on the energy consumption of the eActros 600.
Of the around 6,500 kilometers covered through Northern Europe, over half of the tour took place on identical routes to the northern part of the almost seven-week European Testing Tour that took place in summer 2024. Once again, the two trucks were on the road with a gross combination mass of 40 tons.
Christof Weber, Head of Global Testing Mercedes-Benz Trucks: “Not only are we interested in how the energy consumption of the eActros 600 behaves in different winter operations, but above all our customers and drivers. We are very satisfied with the findings of the tour. They show us that the eActros 600 can also be very efficient and comfortable on the road in European winter.”
The 16-day tour set off northwards in mid-January from Wörth am Rhein. The route first went through Germany, Denmark, Sweden, and Finland to the Arctic Circle. It then went back to Stuttgart and Wörth via Estonia, Latvia, Lithuania, Poland, the Czech Republic, and Austria. On their journey through ten countries in Northern Europe, the electric trucks were sometimes on the road at extreme temperatures between -18 and 9 degrees Celsius. The daily average speeds ranged from 64 to 77 kilometers per hour. The newly introduced “Mercedes-Benz Trucks Remote 3.0” app for the eActros 600 has also made life much easier for drivers. The mobile app is a digital interface between the driver and the truck that can be used to call up important status information, such as the battery status and state of charge, or to receive push notifications. Read More
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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