Energy

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

Operator of US jet fuel tanker brings UK lawsuit over collision

Reuters | March 31, 2025 | Energy | Maritime | Bulk

The manager of a U.S. military-contracted tanker that was struck by a cargo ship off England's northeast coast last month filed a lawsuit at London's High Court on Monday over the collision.

U.S. natural gas consumption set new winter and summer monthly records in 2024

AJOT Newsroom | March 31, 2025 | Energy

In 2024, U.S. natural gas consumption averaged a record 90.3 billion cubic feet per day (Bcf/d) and set new winter and summer monthly records in January and July, according to data in our Natural Gas Monthly.

Dutch Gasunie expects to invest $13 billion in power grid through 2030

Reuters | March 31, 2025 | Energy

South Africa grants Eskom coal plants limited emissions exemptions

Reuters | March 31, 2025 | Energy

Equinor’s new Arctic oilfield to pay back $8 billion investment in under 2 years

Reuters | March 31, 2025 | Energy

Equinor's Johan Castberg oilfield in the Arctic Barents Sea began production on Monday after several delays, and is expected to repay its 86 billion Norwegian crown ($8.14 billion) price tag in less than two years, the company said.

Sempra to sell Mexico energy assets, stake in infrastructure unit

Reuters | March 31, 2025 | Energy

Utility firm Sempra will sell some energy infrastructure assets in Mexico and a minority stake in Sempra Infrastructure to fund its five-year capex plan of $56 billion, it said on Monday.

Trump threatens secondary tariffs on Russian oil if unable to make deal on Ukraine

Reuters | March 31, 2025 | Energy

President Donald Trump said on Sunday he will impose secondary tariffs of 25% to 50% on all Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine, and they could start within a month if there is no ceasefire.

China’s CNOOC discovers 100 million-ton oilfield in South China Sea, Xinhua says

Reuters | March 31, 2025 | Energy

The China National Offshore Oil Corporation (CNOOC) has discovered an oilfield in the South China Sea with proven reserves exceeding 100 million tonnes, Xinhua news agency reported on Monday.

Hundreds of thousands of eastern Canadians face power outages due to ice storm

Reuters | March 30, 2025 | Energy

Over 300,000 Canadians faced power outages in parts of Ontario on Sunday as an ice storm pummeled the region over the weekend, according to electricity provider Hydro One.

US gas players refocus on Haynesville basin, buoyed by Trump LNG plans

Reuters | March 28, 2025 | Energy

U.S. natural gas producers and investment firms are gearing up for more activity in Louisiana's Haynesville shale basin, positioning themselves for a boom in liquefied natural gas exports boosted by new approvals from President Donald Trump.

Nikola founder Trevor Milton says granted full pardon by Trump

Reuters | March 28, 2025 | Energy | Alternative | Green Shipping | Trucking

Trevor Milton, the founder of bankrupt electric and hydrogen-powered truck maker Nikola who was convicted of fraud, has been pardoned by U.S. President Donald Trump, Milton said in a social media post on Thursday.

Alaska governor to brief Trump on Asia gas push as tariffs bite

Reuters | March 28, 2025 | Energy

Alaska's governor will brief U.S. President Donald Trump's administration next week on progress in securing Asian backing for a $44 billion natural gas export project, he told Reuters, part of Washington’s broader push on trade and tariffs.

Energy

Reuters | March 28, 2025

US natgas prices steady as record LNG flows offset record output

U.S. natural gas futures held steady on Friday as record flows to liquefied natural gas (LNG) export plants offset a decline in daily output and forecasts for lower demand than previously expected this week and next.

Phillips 66 director criticizes activist investor Elliott amid proxy battle

Reuters | March 28, 2025 | Energy

Phillips 66's independent director, Bob Pease, defended the company's performance and criticized Elliott Investment Management on Friday, as a boardroom battle between the U.S. refiner and the activist investor intensified.

New creditors’ battle emerges in Citgo auction reboot

Reuters | March 28, 2025 | Energy

A U.S. federal judge trying to move ahead with an auction of shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum is dealing with a fresh dispute between creditors after a lowball starting bid was recommended in a reboot of the sale.

India weighs scrapping import tax on US LNG, boost purchases, sources say

Reuters | March 28, 2025 | Energy

India is considering a proposal to scrap import tax on U.S. liquefied natural gas (LNG) to boost purchases and help cut the trade surplus with Washington, a key irritant for President Donald Trump, four government and industry sources said.

Wind Propulsion reaches tipping point as shipowners embrace BAR Technologies’ WindWings®

AJOT Newsroom | March 28, 2025 | Energy | Alternative

BAR Technologies has seen a surge in inquiries from shipowners seeking to adopt the technology in the past 12 months and this is set to intensify in the next couple of years, according to John Cooper, the company's Chief Executive Officer.

Kanadevia, Taisei, and MOL sign MoU on commercialization of offshore wind power generation

AJOT Newsroom | March 27, 2025 | Energy | Alternative

Signal Ocean Tanker - Weekly Market Monitor

AJOT Newsroom | March 27, 2025 | Energy | Maritime | Bulk

Snapshot of crude and product freight rates, supply-demand

Trump administration tells oil and biofuels groups to hash out new biofuel policy

Reuters | March 27, 2025 | Energy

U.S. President Donald Trump's administration has asked oil and biofuels producers to hash out a deal on the next phase of the nation's biofuels policy to avoid the kind of political clashes that marked his first term, according to four people familiar with the matter.

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