Energy

Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.


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Falling gas and LNG prices could revitalize demand - Rystad Energy’s Gas and LNG Market Update

AJOT | March 04, 2024 | Energy

Prices at the Dutch Title Transfer Facility (TTF) reversed declining trends this week, with prices increasing upwards from $7.80 per million British thermal units (MMBtu) on 20 February, to $8.02 per MMBtu as of 1 March 2024.

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Crude oil processing in China hit a record high in 2023

AJOT | March 04, 2024 | Energy

Crude oil processing, or refinery runs, in China averaged 14.8 million barrels per day (b/d) in 2023, an all-time high. The record processing came as the economy and refinery capacity grew in China following the country’s COVID-19 pandemic responses in 2022.

Indiana to promote booming battery, EV ecosystems to industry leaders in South Korea

AJOT | March 04, 2024 | Energy | Alternative | International Trade

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First-ever fixed suction sails for ro-ro segment as bound4blue completes eSAILs® installation on Airbus-chartered LDA vessel

AJOT | March 04, 2024 | Energy | Alternative | Green Shipping | Maritime | Breakbulk News

• bound4blue has successfully installed three 22-metre-high eSAILs® on the ro-ro Ville de Bordeaux, from French shipowner Louis Dreyfus Armateurs. • Installation sets new milestone for bound4blue that marks the first-ever fixed suction sail installation on a ro-ro ship with a top-tier European shipowner.

Iran defies US sanctions with surging exports of liquefied petroleum gas

Bloomberg | March 04, 2024 | Energy | International Trade

Renewable energy: A hot topic this election year

AJOT | February 29, 2024 | Energy | Alternative

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The United States remained the largest liquefied natural gas supplier to Europe in 2023

AJOT | February 29, 2024 | Energy

The United States was again the largest supplier of liquefied natural gas (LNG) to Europe (EU-27 and the UK) in 2023, accounting for nearly half of total LNG imports, according to data from CEDIGAZ.

New York delivers on offshore wind with shovel-ready Empire Wind 1 
Energy
AJOT | Top Story | February 29, 2024

New York delivers on offshore wind with shovel-ready Empire Wind 1 

Equinor’s Empire Wind 1 has been selected in New York’s fourth offshore wind solicitation (NY4), a major step toward developing a project that can provide renewable power to more than half a million New York homes. 
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VHB launches future-focused energy evolution practice

AJOT | February 29, 2024 | Energy | Alternative | Green Shipping

In response to the rapidly evolving energy landscape, VHB has launched its Energy Evolution Practice, which will provide comprehensive energy consultancy services across all the markets VHB serves. By developing and implementing strategies that integrate renewable energy, enhance resilience, and...

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Henry Hub daily natural gas spot price fell to record lows in February

AJOT | February 28, 2024 | Energy

The U.S. benchmark Henry Hub daily natural gas price averaged $1.50 per million British thermal units (MMBtu) on February 20, 2024, the lowest price in inflation-adjusted dollars since at least 1997, according to data from Refinitiv Eikon.

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Upstream majors dive into deeper waters as exploration budgets stay flat in 2024

AJOT | February 28, 2024 | Energy

Oil and gas upstream majors — ExxonMobil, Shell, Chevron, BP, TotalEnergies and Eni — will continue to exercise caution in exploration spending this year, with drilling activity poised for a busy year ahead. According to Rystad Energy’s research, these major producers will have spent on average a combined $7 billion each year between 2020 and 2024, a sizeable drop from the previous four-year period during which average total spending was $10 billion.

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