Energy

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

Wind power developer Orsted sees 2025 core profit equal to or above 2024

Reuters | February 06, 2025 | Energy | Alternative

Orsted, the world's biggest offshore wind power developer, said on Thursday it expected core profit this year to be equal to, or above 2024, a day after cutting investment plans for coming years, sending its shares higher.

Southern California Edison probing possible link to Los Angeles fires

Reuters | February 06, 2025 | Energy

Southern California Edison (SCE), a subsidiary of Edison International, said on Thursday that it was probing whether its equipment was associated with the ignition of two Los Angeles-area wildfires this year.

US refiner Delek could run more light sweet oil if tariffs bite, CEO says

Reuters | February 06, 2025 | Energy

U.S. refiner Delek has the option to run more light, sweet crude oil if it is economical to do so, CEO Avigal Soreq said on Thursday, amid tariff uncertainty threatening supplies of heavy sour grades from Canada and Mexico.

China tariffs could drive US crude exports lower in 2025

Reuters | February 06, 2025 | Energy

An emerging trade war between the United States and China could drive U.S. crude exports lower in 2025 for the first time since the pandemic by reducing access to the Chinese market, according to analysts.

Tariff tensions return and likely to foster trading - Rystad Energy’s Gas and LNG Market Update

AJOT Newsroom | February 06, 2025 | Energy

A potential supply glut in the Atlantic could be on the cards as global LNG flows are increasingly directed towards Europe.

CFE Engineers Asia completes milestone order for major Australian energy project

AJOT Newsroom | February 06, 2025 | Energy

HydroFleet to invest $33 million in Georgia for hydrogen production and fueling facility

Natural gas-fired power plants have different owner types

AJOT Newsroom | February 06, 2025 | Energy

TotalEnergies CEO urges Europe to negotiate LNG free-trade deal with US

Reuters | February 05, 2025 | Energy

TotalEnergies CEO Patrick Pouyanne said on Wednesday that Europe should negotiate to obtain a free-trade guarantee on U.S. liquefied natural gas (LNG), against the backdrop of an unpredictable global trade environment.

Motor fuel prices – January 2025

AJOT Newsroom | February 05, 2025 | Energy | Trucking

Today, the Bureau of Transportation Statistics (BTS) released monthly motor fuels prices for January 2025.

Europe’s strong gas use pace may wilt as coal-switching kicks in: Maguire

Reuters | February 05, 2025 | Energy

Energy

Reuters | February 05, 2025

Clean energy companies press US lawmakers to protect subsidies

U.S. clean-energy companies are headed to Capitol Hill on Wednesday to urge Republican lawmakers not to kill lucrative tax credits contained in former President Joe Biden's landmark climate change law.

Ukraine says it has potential to buy, store LNG from US

Reuters | February 05, 2025 | Energy

Ukraine and other European nations have the potential to buy and store liquefied natural gas (LNG) from the United States in Ukraine and this could strengthen Europe's energy security as gas transits from Russia end, its foreign minister said on Wednesday.

TotalEnergies beats expectations for fourth-quarter profit, signals stronger 2025

Reuters | February 05, 2025 | Energy

Wartsila CEO says US energy transition will continue despite Trump

Reuters | February 05, 2025 | Energy | Alternative

The transition from fossil fuels to renewable energy will continue in the U.S. despite President Donald Trump's tariffs due to renewable energy's cheaper pricing, the CEO of power plant maker Wartsila said on Wednesday.

Marathon Petroleum beats Q4 profit estimates as midstream strength offsets refining weakness

Reuters | February 04, 2025 | Energy

US Interior Department unveils orders to carry out Trump energy agenda

Reuters | February 04, 2025 | Energy

The U.S. Interior Department on Monday unveiled a suite of orders aimed at carrying out President Donald Trump's agenda to maximize domestic energy and minerals production and slash red tape.

Dutch display of commercial skill delivers stellar result for Vestdavit subsidiary

Lucrative davit refurbishments for retrofitting on offshore vessels fueled a further boost in revenue last year for the Dutch subsidiary of leading Norwegian supplier Vestdavit, with burgeoning aftersales work accounting for the lion’s share of turnover.

Corvus ESS will power the world’s first fully electric offshore vessel

Corvus Energy, the leading supplier of zero emission solutions for the offshore and marine industry, has announced that it will deliver a mega-size battery system for the first fully electric offshore vessel ever to be built.

Senate confirms fracking executive Chris Wright as Trump’s energy secretary

Reuters | February 04, 2025 | Energy

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