Energy

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


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Today in Energy: U.S. hydropower generation expected to increase by 6% in 2024 following last year’s lows

AJOT | April 18, 2024 | Energy

Last year, U.S. hydropower electricity generation fell to its lowest since 2001. This year, we expect hydropower to increase by 6% and account for 250 billion kilowatt-hours of electricity generation in the power sector, based on forecasts in our Short-Term Energy Outlook (STEO)...

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CIRRO partners with GoodZero in carbon offsetting and CSR efforts

AJOT | April 18, 2024 | Energy | Alternative

CIRRO, a leading global e-commerce logistics and fulfillment service provider, has joined forces with GoodZero, to decarbonize its operations through projects certified by Gold Standard, The Verified Carbon Standard (VCS) Program, and ISO (International Organization for Standardization)...

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Gibson bets on Permian strength powering US oil exports growth

Bloomberg | April 17, 2024 | Energy | Maritime | Bulk | Ports & Terminals | Terminals

Canada’s Gibson Energy Inc. is betting that swelling oil output in the Permian Basin will fuel continued growth in US crude exports, boosting profit from a major Gulf Coast terminal it bought last year for about $1.1 billion.

Norway’s Crown Prince urges Norway & California collaboration on offshore wind
Energy
Stas Margaronis | Top Story | April 17, 2024

AJOT Insights
Norway’s Crown Prince urges Norway & California collaboration on offshore wind

Norway’s Crown Prince Haakon urged collaboration between Norway and California on offshore wind development as well as … the transition to green technologies in remarks made at the U.S. Norway Business Summit that took place in San Francisco on April 15th.
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TODAY IN ENERGY: U.S. natural gas trade will continue to grow with the startup of new LNG export projects

AJOT | April 17, 2024 | Energy

In our recently released Short-Term Energy Outlook (STEO), we forecast that U.S. liquefied natural gas (LNG) exports will continue to lead growth in U.S. natural gas trade as three LNG export projects currently under construction start operations and ramp-up to full production by the end of 2025.

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Top choice: LNG maintains its grip on shipping despite growth in dual fuels

AJOT | April 17, 2024 | Energy

Liquefied natural gas (LNG) remains the fuel of choice for lower-carbon shipping, despite the rise in orders for vessels equipped with dual-fuel methanol and ammonia engines, according to Rystad Energy analysis...

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CSX unveils its first hydrogen-powered locomotive in collaboration with CPKC

AJOT | April 16, 2024 | Energy | Alternative | Intermodal | Rail

CSX has unveiled its first hydrogen-powered locomotive, marking a significant milestone in sustainable freight transportation. This pioneering achievement is the result of a successful partnership between CSX and Canadian Pacific Kansas City (CPKC) and demonstrates the company’s commitment to innovation and environmental stewardship.

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Boeing makes its largest purchase of blended sustainable aviation fuel

AJOT | April 16, 2024 | Air Cargo | Airlines | Energy | Alternative

The blended fuel – 30% SAF made from waste by-products such as fats, oils, and greases and 70% conventional jet fuel – will support the Boeing ecoDemonstrator program and Boeing U.S. commercial operational flights...

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China imported record amounts of crude oil in 2023

AJOT | April 16, 2024 | Energy

China, the world’s largest importer of crude oil, imported 11.3 million barrels per day (b/d) of crude oil in 2023, 10% more than in 2022, according to China customs data...

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Hapag-Lloyd and Seaspan to retrofit five vessels to methanol propulsion

AJOT | April 16, 2024 | Energy | Alternative | Green Shipping | Maritime | Liner Shipping

Hapag-Lloyd and Seaspan Corporation entered into a partnership agreement to retrofit and convert five 10,100 TEU container ships powered by conventional MAN S90 engines to dual-fuel engines capable of operating on methanol. Following the engine retrofit, the vessels will continue to be on long-term charter from Seaspan to Hapag-Lloyd...

CustomCells strengthens its commitment in eAviation

AJOT | April 16, 2024 | Energy | Alternative

Charging ahead: Electric trucks are here to stay
Energy
Stuart Todd | Top Story | April 15, 2024

AJOT Insights
Charging ahead: Electric trucks are here to stay

Charging infrastructure gains momentum. A dearth of charging infrastructure has often been cited as a major obstacle in convincing truck manufacturers to ramp up the production of zero-emission, electrically powered heavy-duty vehicles (eHDV)...
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How Amazon became the largest private EV charging operator in the US

Bloomberg | April 15, 2024 | Energy | Alternative | Green Shipping | Trucking

To install 17,000 delivery van chargers at 120 warehouses, the company had to be flexible, patient and spend a lot of money.

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US betting on energy shift to stem decades of disappearing farms

Bloomberg | April 15, 2024 | Energy | Alternative | International Trade | Commodity

The US is betting the transition to cleaner energy combined with massive infrastructure investments will reverse a persistent decline in family farms, creating new revenue opportunities for growers while boosting their ability to compete overseas.

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What’s next for oil? Analysts weigh in after Iran’s attack

Bloomberg | April 15, 2024 | Energy

Oil futures were barely moved by Iran’s unprecedented attack on Israel, with traders attributing the lackluster price action to the notion that the strike was well-flagged beforehand, and expectations that the conflict will remain contained in the aftermath. As Israel weighs its response to the assault, here’s what market watchers are saying about the outlook:

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The United States exported a record volume of natural gas in 2023

AJOT | April 15, 2024 | Energy

The United States exported 10% more natural gas in 2023 than in 2022, a record of 20.9 billion cubic feet per day (Bcf/d), according to our Natural Gas Monthly. U.S. liquefied natural gas (LNG) exports accounted for more than half of all U.S. natural gas exports, and natural gas exports by pipeline to Canada and Mexico accounted for the remainder...

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