Energy

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


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Jabil meets greenhouse gas emission reduction goal ahead of schedule, releases fiscal year 2023 progress report

AJOT | March 06, 2024 | Energy | Alternative

Company reinforces commitments to climate action, waste reduction, and resource efficiency.

MOL and TLT signs long-term charter deal for newbuilding LNG carrier

AJOT | March 05, 2024 | Energy | Maritime | Bulk

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OPEC+ cut extension adds $5 to oil price in 2Q24, group’s share of market to drop to lowest-ever level - Rystad Energy’s Oil Market Update

AJOT | March 05, 2024 | Energy

OPEC+ has extended production cuts of 1.7 million barrels per day into Q2 2024.

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More productive wells spur U.S. crude oil production higher

AJOT | March 05, 2024 | Energy

U.S. crude oil production averaged 13.3 million barrels per day (b/d) in December 2023, following sustained productivity increases at new wells, according to our latest Petroleum Supply Monthly (PSM).

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Odfjell Terminals Houston celebrates successful completion of state-of-the-art Bay 13 expansion

AJOT | March 04, 2024 | Energy | Ports & Terminals | Terminals

Odfjell Terminals US (OTUS) announces the successful completion of the construction and commissioning of its Bay 13 at the Houston Terminal (OTH).

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US reactor fuel makers get $2.7 billion in funding bill

Bloomberg | March 04, 2024 | Energy | Alternative

The US uranium enrichment industry would get a $2.7 billion infusion in a government funding bill unveiled Sunday, reflecting efforts to wean the nation off nuclear fuel imported from Russia.

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China barred from buying US oil reserves in funding bill

Bloomberg | March 04, 2024 | Energy

China would be barred from buying oil from the US’s emergency stockpiles under a provision included in must-pass government funding legislation unveiled Sunday.

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OPEC+ serious about defending price floor above $80 per barrel – Rystad Energy Oil Market Note

AJOT | March 04, 2024 | Energy

The group of eight OPEC+ countries that pledged on 30 November last year to implement voluntary production cuts for the first quarter of 2024 have decided to fully extend the cuts until the end of this year’s second quarter.

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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

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