Energy

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

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

AJOT Insights
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

AJOT | January 24, 2023 | Energy | Alternative | Maritime | Technology

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).

Power, rail outages cloud outlook for South Africa fuel producer

Bloomberg | January 24, 2023 | Energy | Intermodal

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Valenciaport awards a new solar plant with a surface area of 27,700 m2

AJOT | January 24, 2023 | Energy | Alternative | Ports & Terminals

• The Port Authority of Valencia awards the contract for the solar plant on the Valencia Terminal Europa vehicle silo in the Port of Valencia • The Board of Directors of the PAV has approved the award of the contract to the joint venture made up of Lantania S.A.U and Tecmo Instalaciones for 16,060,707.27 euros for the construction and maintenance of this photovoltaic installation • This plant will generate over 9,000 MWh/year, which represents approximately 11% of the electrical energy consumption of the Port of Valencia • It is in addition to the project for the Muelle Príncipe Felipe dock which has already been awarded. Between the two installations, 14% of the electrical energy required by the Port of Valencia will be produced

A $3.6 billion EV charging boost is still a missed opportunity
Energy
Bloomberg | Top Story | January 24, 2023

A $3.6 billion EV charging boost is still a missed opportunity

The US is planning to incentivize electricity produced from biofuels, but not from sources such as wind or solar.
Sanctions-proof yuan to Putin’s rescue after oil cap hits budget

Bloomberg | January 24, 2023 | Energy

GE sees annual profit below estimates amid renewables woes

Bloomberg | January 24, 2023 | Energy | Alternative

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Nuclear power plants generated 68% of France’s electricity in 2021

AJOT | January 23, 2023 | Energy | Alternative

France has one of the largest nuclear power programs in the world. Nuclear power plants in France generated 361 billion kilowatthours of electricity in 2021, accounting for 68% of the country’s annual electricity generation, the highest nuclear generation share in the world.

L-Charge named as a 2022 World Future Awards winner

AJOT | January 23, 2023 | Energy | Alternative

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Cepsa becomes the first energy company in Europe to operate a hybrid diesel-electric bunker barge

AJOT | January 23, 2023 | Energy | Ports & Terminals | Equipment and Tech

• The hybrid barge, already operating in the Bay of Algeciras, can supply conventional fuels and advanced biofuels • The barge is designed to deliver a reduction of more than 35% in greenhouse gas emissions compared to a conventional barge and zero emissions at port • This marks another pioneering step forward for Cepsa as it continues to deliver its 'Positive Motion' strategy and implement solutions to push the decarbonization of maritime transport

Russia’s weekly oil exports slump back down after surge

Bloomberg | January 23, 2023 | Energy

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Youngkin says Ford has ‘Trojan horse’ relationship with Chinese battery maker

Bloomberg | January 23, 2023 | Energy | Alternative | International Trade

Virginia Governor Glenn Youngkin is calling an electric-vehicle battery plant planned by Ford Motor Co. and a Chinese partner a “Trojan horse” for China that would undermine policy efforts to strengthen the US auto industry.

World’s first carbon capture pilot for smelters inaugurated at Elkem in Rana, Norway

AJOT | January 20, 2023 | Energy | Alternative

More investment needed to get global goals back on track, says UNCTAD chief

AJOT | January 20, 2023 | Energy | Alternative

Iran’s oil gushes into global market as China imports surge

Bloomberg | January 20, 2023 | Energy

The clean tech arms race has begun
Energy
Bloomberg | Top Story | January 20, 2023

The clean tech arms race has begun

European lawmakers are being forced to match historic US subsidies for green technologies, sparking a new era of competition for planet-saving solutions. 

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