Energy

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


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Germany plans more support for $11 billion Namibia hydrogen plan

Bloomberg | March 20, 2024 | Energy | Alternative

Germany aims to designate an ambitious green hydrogen project in Namibia as strategically significant, paving the way for additional financial support and bringing a plan that could transform the economy of the African nation closer to reality.

Russia’s crude flows fall back as major ports hit by disruptions

Bloomberg | March 20, 2024 | Energy | Ports & Terminals

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India buying more US oil as sanctions stifle Russian flows

Bloomberg | March 19, 2024 | Energy

Indian oil refiners are on track to take the most American crude in almost a year after tighter enforcement of US sanctions crimped trade with Russia and forced processors to look elsewhere for supply.

MOL, Idemitsu, HIF team up to develop e-fuel/e-methanol supply chain, including marine transport of CO2

AJOT | March 19, 2024 | Energy | Alternative | Green Shipping | Maritime | Bulk

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Vestdavit sales hit all-time high in 2023 as offshore energy boosts davit demand

AJOT | March 19, 2024 | Energy | Alternative

• Orders increase 76% year on year • Offshore wind accounts for 30% of sales • Biggest-ever order secured with Nato naval client

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M&A activity in 2023 furthers consolidation of U.S. crude oil and natural gas firms

AJOT | March 19, 2024 | Energy

In 2023, crude oil and natural gas exploration and production (E&P) companies increased spending on mergers and acquisitions (M&A) to $234 billion, the most in real 2023 dollars since 2012.

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Sulmara selected for site characterisation work at Scottish floating offshore windfarm

AJOT | March 19, 2024 | Energy | Alternative

International subsea specialist Sulmara is continuing its exciting start to 2024 with the announcement it has been awarded a contract to work on one of the world’s largest proposed floating offshore developments.

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New report pegs cost of electrifying U.S. commercial truck fleet at $1 trillion

AJOT | March 19, 2024 | Energy | Alternative | Green Shipping | Trucking

Full electrification of the U.S. commercial truck fleet would require nearly $1 trillion in infrastructure investment alone, according to a new report from Roland Berger released today by the Clean Freight Coalition.

EU backs new sanctions against Russia over Navalny’s death

Bloomberg | March 19, 2024 | Energy | International Trade

Two tankers with Russia’s Urals oil idle for weeks off India

Bloomberg | March 18, 2024 | Energy | Maritime | Bulk

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U.S. crude oil exports reached a record in 2023

AJOT | March 18, 2024 | Energy

U.S. crude oil exports established a record in 2023, averaging 4.1 million barrels per day (b/d), 13% (482,000 b/d) more than the previous annual record set in 2022. Except for 2021, U.S. crude oil exports have increased every year since 2015, when the U.S. ban on most crude oil exports was lifted.

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Ocean Network Express finalizes European Union Allowances (EUA) Transaction

AJOT | March 18, 2024 | Energy | Alternative | Green Shipping | Maritime | Liner Shipping

Ocean Network Express (ONE) has announced its inaugural European Union Allowances (EUA) transaction with BNP Paribas.

Treasury is asked why US firm insures ships carrying Iran oil

Bloomberg | March 18, 2024 | Energy | Maritime | Bulk

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Nuvera Fuel Cells selected for funding by the U.S. Department of Energy for manufacturing next-gen fuel cell stacks

AJOT | March 18, 2024 | Energy | Alternative | Green Shipping | Trucking

Nuvera Fuel Cells, LLC, a leading provider of fuel cell power solutions, has been included in this week’s announcement by the U.S. Department of Energy (DOE) of $750 million in funding under the Bipartisan Infrastructure Law (BIL) for 52 projects that directly support the national clean hydrogen strategy.

Offshore wind’s next big problem: Not enough ships
Energy
Bloomberg | Top Story | March 18, 2024

Offshore wind’s next big problem: Not enough ships

With turbines approaching the size of the Chrysler Building, there’s a looming shortage of ships large enough to install them
Airbus, EasyJet seek UK funding to push hydrogen-powered aviation

Bloomberg | March 18, 2024 | Air Cargo | Airlines | Energy | Alternative | Green Shipping

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