Energy

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

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US and EU discuss deal to widen access to Inflation Reduction Act

Bloomberg | January 26, 2023 | Energy | Alternative

The US and the European Union are discussing a possible deal on minerals and critical raw materials in a bid to allow the EU to qualify for benefits in President Joe Biden’s massive new green investment plan, according to people familiar with the matter.

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Corvus Energy opens new US factory to meet demand for zero-emission solutions

Corvus Energy celebrated the grand opening of its new battery factory in Bellingham WA this week. The ceremony was held with distinguished guests such as the Governor of Washington, Jay Inslee, Norway's Ambassador to the USA, Anniken Krutnes and US representative Rick Larsen along with customers, industry partners, government agencies and others.

Top African coal port lifts European sales even amid disruptions

Four companies announce joint feasibility study of large-scale and wide-area carbon capture and storage (CCS) value chain project

Global oil trade shakes up after fires at US fuelmakers

Bloomberg | January 26, 2023 | Energy

Canadian oil flows to Asia surge after US refinery disruptions

Bloomberg | January 26, 2023 | Energy

EU considers capping Russian diesel at $100 ahead of import ban

Bloomberg | January 26, 2023 | Energy

Russian oil exports to India may hit new highs as interest grows

Bloomberg | January 26, 2023 | Energy

Biden’s push to slash truck pollution has a hidden loophole

Energy

Bloomberg | Top Story | January 26, 2023

Biden’s push to slash truck pollution has a hidden loophole

An exemption backed by engine manufacturers weakens the rule’s emissions-cutting potential.

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Double relief: Norwegian tax break will see gas and oil supply to Europe increase

AJOT | January 25, 2023 | Energy

The energy crisis in Europe triggered by the ongoing war between Russia and Ukraine has left the continent short of hydrocarbon supplies and increasingly reliant on liquefied natural gas imports.

eWAKA secures a 500 000 CHF loan from Swiss State Secretariat for economic affairs (SECO) start-up fund

AJOT | January 25, 2023 | Energy | Alternative

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Orange EV expands zero-emission truck sales in Canada

AJOT | January 25, 2023 | Energy | Alternative | Trucking

Orange EV, the leading heavy-duty EV truck manufacturer in the United States, has listened and responded to its customers by expanding into the Canadian market, marking an international growth milestone driven by the strong financial and operational benefits of electric yard truck fleets.

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U.S. crude oil production will increase to new records in 2023 and 2024

AJOT | January 25, 2023 | Energy

In our January 2023 Short-Term Energy Outlook, we forecast that crude oil production in the United States will average 12.4 million barrels per day (b/d) in 2023 and 12.8 million b/d in 2024, surpassing the previous record of 12.3 million b/d set in 2019.

China’s economic recovery may keep natural gas market tight in 2023, top exporter says

Bloomberg | January 25, 2023 | Energy

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Scana company awarded a new 3-year maintenance contract with an estimated contract value of MNOK 1.8 billion including options

AJOT | January 25, 2023 | Energy

Equinor has awarded Scana-owned PSW Technology a three-year contract for maintenance services to the Mongstad refinery. The agreement is estimated at 200 MNOK per year and contains options for a further six years. "For PSW, this is a game changer," says Oddbjørn Haukøy, Chief Executive Officer of Scana and one of the founders of PSW back in 2007.

U.S. says nearly 50,000 new jobs could be created by offshore wind by 2030

Energy

Stas Margaronis | Top Story | January 25, 2023

U.S. says nearly 50,000 new jobs could be created by offshore wind by 2030

The National Renewable Energy Laboratory (NREL) released a report on January 23rd stating that the U.S. goal of generating 30 Gigawatts (GW) of offshore wind power by 2030 will create nearly 50,000 new American jobs, provided that major upgrades in ports and shipyards are achieved.

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DB Schenker: Deployment of the first MAN eTrucks from 2024

AJOT | January 24, 2023 | Energy | Alternative | Trucking

DB Schenker will be pilot customer • Integration of 100 MAN eTrucks in fleet by 2026 • Handover of first vehicles in spring 2024

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Alfa Laval introduces the marine industry’s first biofuel-ready separators

Biofuels are a current and accessible fuel option that can help marine customers decarbonize. Yet while biofuels reduce CO2 footprint, they also pose new operational challenges. Alfa Laval is first in the market to address them with biofuel-optimized separators and separator upgrades.

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Daily natural gas spot prices in Western United States exceed $50.00/MMBtu in December

AJOT | January 24, 2023 | Energy

On December 21, 2022, daily natural gas spot prices at three major trading hubs in the western United States (Pacific Gas & Electric [PG&E] Citygate, Northwest Sumas on the Canada-Washington border, and Malin, Oregon) were higher than $50.00 per million British thermal units (MMBtu).