Energy

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

Oceanly introduces ECOPAC: Enabling energy savings by optimising energy consumption in shipboard electrical systems

Oceanly, a leading provider of digital solutions for the maritime industry, is introducing its latest product, ECOPAC, designed to optimise energy efficiency and sustainability in shipboard electrical systems.

Wind propulsion key to cut costs and carbon in shipping, shows new report

As the International Maritime Organization (IMO) prepares to meet in London from 31 March to 11 April to finalise measures for its greenhouse gas (GHG) strategy, a new report by marine NGO Seas At Risk shows the significant economic and climate benefits of using wind-assisted propulsion to power global shipping.

The United States remained the world’s largest liquefied natural gas exporter in 2024

AJOT Newsroom | March 27, 2025 | Energy

The United States exported 11.9 billion cubic feet per day (Bcf/d) of liquefied natural gas (LNG) in 2024, remaining the world’s largest LNG exporter.

TotalEnergies and partners launch the 2nd phase of Northern Lights CCS project

AJOT Newsroom | March 27, 2025 | Energy

• Northern Lights will increase its CO2 storage capacity to more than 5 Mt per year • Northern Lights signed a commercial agreement with Stockholm Exergi for transport and storage of 900 kt CO2/y, from 2028 • First CO2 storage from Phase 1 of the project is expected this summer

Energy trader Vitol eyes $3 billion sale of US shale producer, sources say

Reuters | March 27, 2025 | Energy

Global commodities trader Vitol is exploring a sale of its VTX Energy Partners business, in a deal that could value the U.S. shale oil and gas producer at as much as $3 billion, including debt, people familiar with the matter said.

German chancellor criticises U.S. climate agreement exit

Reuters | March 26, 2025 | Energy | Alternative | Green Shipping

Hydrogen-powered trains to be introduced in northern Italy

Residents and visitors to Valcamonica, an Alpine region in northern Italy, will be able to ride hydrogen-powered trains from next year.

Global renewable power capacity falls short of targets despite record growth last year, says IRENA

Reuters | March 26, 2025 | Energy | Alternative

Global renewable energy capacity registered record growth in 2024 but progress is still falling short of the 2030 renewable capacity target, a report by the International Renewable Energy Agency (IRENA) showed on Wednesday.

U.S. biodiesel use increases outside of the transportation sector

AJOT Newsroom | March 26, 2025 | Energy | Alternative

A small but increasing amount of biodiesel in the United States is consumed in the residential, commercial, and electric power sectors, according to new estimates now published in our State Energy Data System.

Mexico’s Pemex looks to diversify market amid Trump tariff threats

Reuters | March 26, 2025 | Energy

Mexican state energy company Pemex is actively looking to diversify its market for both motor fuel imports and crude oil exports, the head of its international trading unit PMI said on Tuesday.

US oil, gas activity rose in first quarter, but energy execs wary of tariffs, Dallas Fed says

Reuters | March 26, 2025 | Energy

U.S. oil and gas activity increased slightly in the first quarter, but energy company executives were pessimistic about the sector's outlook, wary of new trade policies from President Donald Trump's administration, a Dallas Fed survey showed on Wednesday.

Rising tensions: US and Iran’s ongoing tug-of-war could hit energy markets / Rystad Energy

AJOT Newsroom | March 26, 2025 | Energy

The latest round of US sanctions on Iran, which now targets Chinese so-called ‘teapot’ oil refineries—small, independently owned facilities—signals a growing determination to tighten the economic noose around the Tehran administration.

Amplus Energy Services partners with V.Ships Offshore to support Petrojarl I transition

AJOT Newsroom | March 26, 2025 | Energy | Alternative | Maritime

Sydrogen receives basic design assessment statement for advanced hydrogen fuel cell solution

Sydrogen, a leading innovator in hydrogen fuel cell technology, has received Basic Design Assessment (BDA) Statement from Bureau Veritas Marine & Offshore (BV) for their Maritime Fuel Cell – SydroPOWER series model MZ250N – as the focus model for the maritime industry.

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