Energy

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

Oil prices creep up, expected to stay elevated through summer – Rystad Energy Oil Market Update

AJOT Newsroom | May 21, 2025 | Energy

Global liquids demand is expected to grow by just 700,000 barrels per day (bpd) in 2025.

US finds endangered Gulf of Mexico whale threatened by oil and gas vessel strikes

Reuters | May 21, 2025 | Energy | Maritime | Bulk

The Trump administration published a long-awaited environmental assessment on Tuesday that found that vessel strikes related to oil and gas drilling in the Gulf of Mexico are likely to jeopardize the existence of the endangered Rice's whale.

Energy

Stas Margaronis | May 21, 2025

California offshore wind moves ahead

California has made substantial progress toward creating the infrastructure to support floating offshore wind farms that will generate 10 gigawatts of renewable power to support AI and other next-generation technologies, according to Adam Stern, Executive Director, Offshore Wind California.

Energy

Reuters | May 20, 2025

First LNG ship bunkering hub in US Gulf Coast secures permits to start work

A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to begin later this year, executives involved said on Monday.

US expected to declare Biden fuel economy rules exceeded legal authority

Reuters | May 20, 2025 | Energy | Green Shipping

The U.S. Transportation Department is expected to declare that fuel economy rules issued under then President Joe Biden exceeded the government's legal authority by including electric vehicles in setting the rules, automaker officials said Monday.

Energy

Reuters | May 20, 2025

US trade panel’s vote paves way for stiff tariffs on many solar imports

The U.S. International Trade Commission determined on Tuesday that domestic solar panel makers were materially harmed or threatened by a flood of cheap imports from four Southeast Asian nations, bringing the United States a step closer to imposing stiff duties on those goods.

Energy

Reuters | May 20, 2025

US lifts ban on New York offshore wind project after gas compromise

The Trump administration has lifted a month-old stop-work order on Empire Wind, a $5 billion wind farm project off the coast of New York, in a compromise with the state that could also see cancelled plans for a gas pipeline revived, officials said on Tuesday.

US Senate to vote this week on bill to bar California 2035 EV plan

Reuters | May 20, 2025 | Energy | Alternative | Green Shipping

The U.S. Senate plans to vote this week to bar California's landmark plan to end the sale of gasoline-only vehicles by 2035 that has been adopted by 11 other states, Majority Leader John Thune said on Tuesday.

Global steel sector lagging on green transition as coal-powered production rises, research shows

Reuters | May 20, 2025 | Energy | International Trade | Commodity

As much as 303 million metric tons per year of new high-emitting blast furnace capacity is under development, especially in major steel producers India and China, new research showed, suggesting it will still make up the vast majority of production by 2030.

Lloyd’s Register Advisory verifies the performance of Anemoi Rotor Sails on TR Lady Kamsarmax

Anemoi Marine Technologies has announced independently verified results of its Rotor Sail system following nearly a year of rigorous testing.

Fire at Chevron oil platform offshore Angola injures 17

Reuters | May 20, 2025 | Energy

Petrobras gets a win in Amazon drilling push but future licensing in doubt

Reuters | May 20, 2025 | Energy

A decision by Brazilian environmental agency Ibama on Monday will let state-run oil firm Petrobras move a step closer to drilling for oil in a coveted offshore region, but it came with an important caveat for future permits in the area.

US oil M&A slide from 2023 highs as buyers focus on value over volume

Reuters | May 20, 2025 | Energy

Dealmaking in the U.S. oil patch has slowed to a crawl in 2025, with the activity expected to stay muted for the rest of the year, as some prolific buyers focus on squeezing out value from their past acquisitions, while others curb their appetite for takeovers due to weak oil prices and trade uncertainty.

Kazakhstan’s oil output rises 2% in May in defiance of OPEC+

Reuters | May 20, 2025 | Energy

Kazakhstan's oil production has risen by 2% in May, an industry source said on Tuesday, an increase that defies pressure from OPEC+ on the Central Asian country to reduce its output.

Refining industry risks from 2025 hurricane season

AJOT Newsroom | May 20, 2025 | Energy

Colorado State University’s hurricane forecast estimates the 2025 hurricane season will exceed the 1991–2020 average, with an estimate of 17 named storms, compared with a historical average of 14 storms.

Galveston LNG Bunker Port secures final construction permits, targeting second half of 2027 for product deliveries

U.S. hydropower generation expected to rise in 2025 following last year’s relative low

AJOT Newsroom | May 19, 2025 | Energy | Alternative

We expect U.S. hydropower generation will increase by 7.5% in 2025 but will remain 2.4% below the 10-year average in our May Short-Term Energy Outlook (STEO). Hydropower generation in 2024 fell to 241 billion kilowatthours (BkWh), the lowest since at least 2010; in 2025, we expect generation will be 259.1 BkWh. This amount of generation would represent 6% of the electricity generation in the country.

Greenland shipping firm Royal Arctic Line to end heavy fuel oil use

AJOT Newsroom | May 19, 2025 | Energy | Green Shipping | Maritime

Responding to news published in early May, in Sermitsiaq on how the Greenland government-owned Royal Arctic Line shipping company will move away from heavy fuel oil (HFO) use, ahead of an International Maritime Organization ban taking full effect in 2029, the Clean Arctic Alliance welcomed the move, with Lead Advisor Dr Sian Prior saying:

Columbia Group urges early action by ship owners on FuelEU pooling to maximise opportunities and avoid penalties

With the EU ETS and FuelEU Maritime regulations now reshaping the commercial landscape, ship owners should prepare early to avoid higher costs, limited credit availability, and potential impact on operations, warns Columbia Group.

Energy

Reuters | May 16, 2025

Trump wraps up Gulf tour with AI and energy deals in UAE

President Donald Trump said on Friday on his last stop on a Gulf tour focused on business deals that the United Arab Emirates and the United States had agreed a path for the Gulf country to buy advanced AI semiconductors from U.S. companies, a major win for Abu Dhabi's efforts to become a global AI hub.

Energy

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