London, December 09, 2024 (Oilandgaspress) –- Oil prices were mixed in early Asia trade on Monday as concerns over weak Chinese demand were offset by rising tensions in the Middle East following the rebel overthrow of Syrian President Bashar al-Assad. Read More
IEA Executive Director emphasises ‘there is no AI without energy – specifically electricity’ at event involving 500 participants, including tech & energy leaders and government ministers Leading figures from governments, the energy sector, the tech industry and civil society gathered this week for the first major international meeting of its kind addressing the deepening links between energy and artificial intelligence (AI) as the technology rapidly develops and uptake soars. The IEA’s Global Conference on Energy & AI on 4 and 5 December featured a high-level roundtable focused on building strategic understanding on energy and AI topics and a technical forum for experts. The two-day event brought about 500 participants to the Agency’s headquarters in Paris to discuss how to securely and sustainably meet AI’s energy needs, as well as how the technology could be used to optimise energy systems and speed up the pace of energy innovation.. Read More
Saab has received an order from BAE Systems in support of the U.S. Air Forces in Europe for multiple Giraffe 4A radar systems. The contract value is approximately $48M (525 MSEK). Deliveries will start in 2027. Giraffe 4A will provide long range surveillance and Air Base Air Defence in a highly mobile package for the U.S. Air Forces in Europe. “Giraffe 4A is a multi-function radar that provides users a range of surveillance capabilities in support of comprehensive air defense,” says Erik Smith, President and CEO of Saab in the U.S. “This system will modernize the U.S. Air Force’s expeditionary combat airfield surveillance operations and strengthen sensing capabilities, addressing a critical need overseas.”
Giraffe 4A is a digital multi-channel system featuring the latest Active Electronically Scanned Array (AESA) technology and will be delivered from Saab in the U.S. and Sweden. BAE Systems Technical Solutions & Services Inc. is the prime contractor for this award in support of the U.S. Air Forces in Europe… Read More
Thanks to the Dutch SWiM grant, 10 new Dutch-made hydrogen trucks will be built and put on the road over the next three years. The Europa trucks have been developed by Delft-based zepp.solutions and will be realised within five consortia, set up in collaboration with H2 infrastructure providers TEAL, Green Planet Pesse and Fountain Fuel. The Europa trucks are based on Mercedes Actros diesel trucks and are designed with long-distance transport requirements in mind. The hydrogen trucks can be operated similarly to the diesel variants. They offer more than 700km range as a 50T combination, have a sleeper cab on board and offer the ability to tow 45ft containers on standard ISO trailers.
Solving the chicken and egg problem together
The Dutch SWiM grant, aimed at solving the ‘chicken and egg problem’ in the hydrogen sector, supports the development of vehicles and refuelling stations by subsidising them together. The goal is to accelerate the adoption of hydrogen in heavy transport. In 2024, the scheme had an available budget of €29 million. For 2025, the Dutch Ministry of Infrastructure and Water Management has announced a further increase in the subsidy ceiling to 40 million euros. . Read More
Egypt Participates in 26th GECF Ministerial Meeting in Tehran Moataz Atef, Undersecretary For Technical Office and Official Spokesperson – Ministry of Petroleum and Mineral Resources , participated in the 26th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) in Tehran.
His participation was on behalf of Minister of Petroleum and Mineral Resources Karim Badawi.
The opening session was chaired by Mohsen Paknejad, Iranian Minister of Petroleum, with the participation of a number of ministers and heads of delegations of the country members of the Forum.
In his speech, Atef addressed the most significant challenges facing the gas industry amid current economic and regional crises. He emphasized the importance of cooperation among the Forum’s member countries to effectively tackle these challenges.
Atef also highlighted the ongoing global reliance on natural gas, particularly in light of the rising energy demand driven by artificial intelligence (AI). This underscores the critical role of gas even during the energy transition phase.
Additionally, Atef outlined the objectives of the Ministry of Petroleum and Mineral Resources at this stage. Read More
The 2025 Telluride SUV has been named to Car and Driver’s 2025 10Best Trucks and SUVs, marking the sixth year in a row the ruggedly sophisticated three-row SUV has earned the prestigious title. This achievement highlights the Telluride’s status as one of a few vehicles to be named a Car and Driver 10Best each year it’s been on sale.
“Receiving this award every year since its introduction, six years in a row speaks to the Telluride’s enduring appeal, especially given Car and Drivers’ expertise,” said Steven Center, COO & EVP, Kia America. “The Telluride’s ongoing success reflects what people truly love about it – a perfect blend of style, capability and comfort. Being recognized year after year is a testament to its lasting impact.”
The 2025 Telluride continues to lead its class with a blend of innovative technology, advanced driver assistance features1, and premium comfort. Minor updates for the new model year include standard Highway Driving Assist 1.52 on LX, S, and EX models (SX, SX X-Line, SX Prestige, SX Prestige X-Line, and SX Prestige X-Pro get standard Highway Driving Assist 2.0), as well the new EX X-Pro model. The EX X-Pro is a step up from the EX X-Line with a standard towing capacity3 of up to 5,500 lbs., up from the previous 5,000 lbs., along with a slight boost in ground clearance. Additionally, it receives upgraded technology, featuring a standard 12.3-inch dual-screen integrated display and available Digital Key 2 Touch4. For 2025, all Telluride X-Line and X-Pro models feature black Kia logos and Telluride badging, along with black wheels. Read More
Archer Aviation Inc. announced that it has entered into a multi-party collaboration agreement with key UAE and Abu Dhabi entities to advance the establishment of electric air taxi operations in Abu Dhabi.
The agreement aims to formalize the cooperation between UAE and Abu Dhabi stakeholders in preparation for the launch of the first commercial eVTOL flight. It was signed under the auspices of the Smart and Autonomous Systems Council (SASC), in the presence of His Highness Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs.
The agreement’s goal is for Archer Aviation to be the first manufacturer of electric vertical-take-off-and-landing aircraft in the Middle East and North Africa (MENA) region and the first to launch commercial flying taxi operations in the Emirate. The Abu Dhabi Investment Office, a key signatory to the agreement, will facilitate coordination among Abu Dhabi entities in preparation for launch of commercial operations. Forming a robust ecosystem for eVTOL development, other parties to the agreement include Abu Dhabi Airports (AD Airports), Falcon Aviation Services, Etihad Aviation Training, the General Civil Aviation Authority (GCAA), Global Air Navigation Services (GANS), Global Aerospace Logistics (GAL) and the Integrated Transport Centre (Abu Dhabi Mobility). The collaboration outlines the roles and responsibilities of each party and lays the foundation for definitive agreements between Archer and the commercial stakeholders.
The partnership represents a strong alignment between leading industry entities, and follows a previous collaboration agreement with the Abu Dhabi Investment Office to accelerate air taxi commercialization. Read More
Hyundai AutoEver announced it has earned AWS Premier Tier Partner recognition at AWS re:Invent in Las Vegas, the leading learning conference for the global cloud community. At the event, in addition to the Premier Tier Partner recognition, Hyundai AutoEver presented its strategic targets and collaboration plans with AWS. The company also discussed the latest digital transformation trends in the automotive industry.
AWS Premier Tier Partner is a recognition given to service partners who have in-depth business experience in the cloud business and have track records of successfully completing projects for its clients.
Hyundai AutoEver employs a pool of expert employees with various AWS-related certificates and has qualified for a number of projects with consistent revenue streams. Additionally, Hyundai AutoEver has a wide pool of customers in the manufacturing and mobility service sectors and has maintained a high level of customer satisfaction. The combined success in all three criteria allowed Hyundai AutoEver to acquire the status of Premier Tier partner. Hyundai AutoEver is a managed service provider (MSP) that delivers various services, including a software development environment, smart factory solutions, overseas navigation services, and a voice home platform. Read More
In addition to his position as CEO of Opel and Vauxhall, Florian Huettl will also be responsible for Stellantis’ activities in Germany with immediate effect. This bundling of responsibilities will increase efficiency and support profitable growth in times of comprehensive industry transformation. Read More
Stellantis proudly concluded its third global Student Awards Program, recognizing more than 660 recent high school and university graduates of Stellantis employees from 22 countries with prestigious monetary awards during an online ceremony. The year-long education program encourages the innovative spirit of talented minds. This year’s applicants shared their vision of future mobility in a written essay and designed examples of future mobility technologies, showcasing their creativity and forward thinking. Since the program’s inception in Italy in 1996, it has recognized nearly 16,000 students globally with monetary awards. Stellantis Chairman John Elkann and Xavier Chéreau, Human Resources and Heritage, celebrated the winners in this year’s ceremony. Read More
Moody’s has today upgraded the senior unsecured ratings of TotalEnergies Capital and TotalEnergies Capital International to Aa3 from A1 and upgraded TotalEnergies SE (“TTE”) junior subordinated rating to A2 from A3 and all ratings of its subsidiaries that carry ratings. Concurrently, we have affirmed TTE’s Prime-1 (P-1) commercial paper rating. Read more
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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