Energy

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


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Surge in freight reverberates through the global oil market

Bloomberg | January 10, 2024 | Energy | Maritime | Bulk

A surge in freight rates is prompting crude buyers in Asia to shift more purchases to Middle Eastern oil, aiding spot market prices.

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Biden mulls tougher climate test for new LNG export projects

Bloomberg | January 10, 2024 | Energy

The Biden administration is reevaluating the climate criteria it uses to approve new liquefied natural gas export facilities, threatening to stall pending projects as the 2024 election nears.

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Zeroing out methane: Top upstream emitters provide path to 100 million tons in reductions

AJOT | January 10, 2024 | Energy

Global methane emissions could be cut by tens of millions of tonnes within a single year – if oil and gas producers target the world’s top methane-emitting oil and gas fields.

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EIA expects relatively flat crude oil prices in 2024 and 2025

AJOT | January 10, 2024 | Energy

We forecast average annual crude oil prices in 2024 and 2025 will remain near their 2023 average because we expect that global supply and demand for petroleum liquids will be relatively balanced over the next two years.

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Russia’s oil drilling boom proves Moscow’s resilience to Western sanctions

Bloomberg | January 10, 2024 | Energy | International Trade

Russia was on pace for a second year of record oil drilling in 2023, further evidence of the nation’s resilience to Western sanctions.

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LNG export projects at risk as Biden mulls climate impacts

Bloomberg | January 09, 2024 | Energy

The Biden administration is reevaluating the climate criteria it uses when approving new liquefied natural gas export facilities in a move that has the potential to stall pending projects as the 2024 election nears.

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U.S. battery storage capacity expected to nearly double in 2024

AJOT | January 09, 2024 | Energy | Alternative

U.S. battery storage capacity has been growing since 2021 and could increase by 89% by the end of 2024 if developers bring all of the energy storage systems they have planned on line by their intended commercial operation dates.

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Chevron appoints experienced industry leader to spearhead its marine business growth

AJOT | January 09, 2024 | Energy | People | Appointments

Chevron has announced the appointment of Ayten Yavuz as the new General Manager of its Global Marine Products business.

Maritime decarbonization efforts propelled as orders for alternative-fueled vessels grow

AJOT | January 09, 2024 | Energy | Alternative | Green Shipping | Maritime | Technology

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China wants its massive EV fleet to plug in and charge the power grid

Bloomberg | January 09, 2024 | Energy | Alternative | Green Shipping | Logistics

In the industrial hub of Wuxi near Shanghai, car owners recently took part in China’s largest experiment to rewire the grid and take advantage of its world-leading fleet of electric vehicles.

European road freight’s decarbonization challenge
Energy
Stuart Todd | Top Story | January 08, 2024

AJOT Insights
European road freight’s decarbonization challenge

Road freight must almost entirely decarbonize by 2050 and this enormous challenge is made even more daunting given that demand for truck services is expected to triple over the same timeframe.
DOE announces $32.5 million in funding to advance transportation electrification

AJOT | January 08, 2024 | Energy | Alternative | Green Shipping

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Canada’s Trans Mountain Pipeline expansion reportedly 95% complete

AJOT | January 08, 2024 | Energy

Work on Canada’s Trans Mountain Pipeline expansion project is reportedly over 95% complete.

Oil set for weekly gain on Libyan outages, Middle East attacks

Bloomberg | January 05, 2024 | Energy | Logistics

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McAllister receives new built Low Emission Class Tractor Tug

AJOT | January 05, 2024 | Energy | Alternative | Maritime

McAllister Towing is proud to announce the arrival of the tug GRACE MCALLISTER.

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Russia oil tankers do strange things since US sanctions ramp-up

Bloomberg | January 05, 2024 | Energy

There are growing signs that Russia’s oil flows might be facing disruption in the aftermath of a ramp up in US sanctions targeting traders and shipping companies moving the nation’s petroleum.

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