Energy

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

Wind, not nuclear, is the best way to meet Sweden’s climate goals, leading think tank says

Reuters | January 23, 2025 | Energy | Alternative

The cheapest way for Sweden to meet its expected rise in demand for electricity and goal of net zero emissions by 2045 is to build more onshore wind parks rather than increase the number of nuclear power plants, a leading think tank said on Thursday.

ConocoPhillips takes over as sole operator of gas project in Malaysia, Petronas says

Reuters | January 23, 2025 | Energy

Malaysia's Petronas on Thursday said it has officially transferred its contractual right for a cluster of oil and gas fields in the country to a unit of US-based firm ConocoPhillips.

EIA expects higher wholesale U.S. natural gas prices as demand increases

AJOT Newsroom | January 23, 2025 | Energy

We expect increases in the Henry Hub natural gas price in 2025 and 2026 as demand for natural gas grows faster than supply, driven mainly by more demand from U.S. liquefied natural gas (LNG) export facilities, reducing the natural gas in storage compared with the last two years.

Trucking industry testifies before NYS assembly over non-existent electric truck charging infrastructure in NY state

AJOT Newsroom | January 23, 2025 | Energy | Alternative

Trump US energy emergency order should withstand court challenges

Reuters | January 23, 2025 | Energy

U.S. President Donald Trump’s declaration of a national energy emergency to boost drilling and speed up pipeline construction should withstand court challenges but will not allow oil and gas producers to skirt all environmental laws, according to legal experts.

Trump’s USDA secretary pick led group opposed to ethanol, farm subsidies

Reuters | January 23, 2025 | Energy

President Donald Trump's pick to run the Agriculture Department, Brooke Rollins, led an organization that opposed ethanol mandates and farm subsidies, major programs she could influence if confirmed, according to a Reuters review of the group's policy statements.

Lyondell to begin closure of Houston refinery this weekend, sources say

Reuters | January 23, 2025 | Energy

LyondellBasell Industries will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend, said people familiar with plant operations.

Trump’s climate withdrawal creates rare discord with Big Oil

Reuters | January 23, 2025 | Energy

U.S. oil and gas producers are thrilled that President Donald Trump wants to encourage domestic energy development but say his decision to withdraw the United States from international climate cooperation will not help their investment plans in the global transition to cleaner energy.

Pipeline operator Kinder Morgan misses estimates for fourth-quarter profit

Reuters | January 22, 2025 | Energy

Kinder Morgan fell short of Wall Street's expectations on Wednesday after the U.S. pipeline and terminal operator was hurt by lower crude and condesate transported through its pipelines.

Today’s fuel prices / EIA January 2025

AJOT Newsroom | January 22, 2025 | Energy

Regular gasoline prices, by week and PADD

U.S. retail gasoline prices to decrease in 2025 and 2026 with lower crude oil price

AJOT Newsroom | January 22, 2025 | Energy

In our January Short-Term Energy Outlook, we now forecast U.S. retail gasoline prices through the end of 2026. We estimate U.S. average gasoline prices in 2025 will decrease by 11 cents per gallon (gal), or about 3%, compared with 2024. In 2026, we forecast a further decrease of about 18 cents/gal, or an additional 6%.

Siemens Energy forecasts ‘massive tailwind’ from Trump power drive

Reuters | January 22, 2025 | Energy | Alternative

Siemens Energy expects a "massive tailwind" from Donald Trump's power strategy after the new U.S. president announced up to $500 billion in private sector investment to fund infrastructure for artificial intelligence.

LNG exporter Venture Global cuts target valuation for US IPO to $65.33 billion

Reuters | January 22, 2025 | Energy

LNG exporter Venture Global on Wednesday slashed the valuation it was seeking from its U.S. initial public offering to as much as $65.33 billion, significantly lower than the more than $100 billion it had initially aimed.

Today’s diesel prices / EIA January 2025

AJOT Newsroom | January 22, 2025 | Energy

On-highway diesel prices, by week and PADD

Global foreign investments: Diverging trends amid global challenges

AJOT Newsroom | January 21, 2025 | Energy | Logistics

In 2024, global FDI rose 11% to an estimated $1.4 trillion but dipped by 8% when excluding flows through European conduit economies – which often serve as transfer points for investments before they reach their final destination – reflecting a world grappling with shifting economic dynamics and persistent uncertainties.

Energy

AJOT Newsroom | January 21, 2025

EIA forecasts lower oil price in 2025 amid significant market uncertainties

We forecast benchmark Brent crude oil prices will fall from an average of $81 per barrel (b) in 2024 to $74/b in 2025 and $66/b in 2026, as strong global growth in production of petroleum and other liquids and slower demand growth put downward pressure on prices and help offset heightened geopolitical risks and voluntary production restraint from OPEC+ members.

Energy

AJOT Newsroom | January 21, 2025

Envana secures grant for $5.2M DOE methane mitigation technology project

“Envana Software Solutions” (Envana) has been awarded a $4.2 million grant by the “U.S. Department of Energy” (DOE) to advance oil and gas methane monitoring and mitigation technologies. The funding is part of the DOE’s Methane Emissions Reduction Program under “Funding Opportunity Announcement” (FOA) 3256: Methane Emissions Reduction Program Oil and Gas Methane Monitoring and Mitigation.

Energy

Stas Margaronis | January 20, 2025

Port of Long Beach’s Cordero hails ‘Green Port’ achievements

Port of Long Beach Executive Director Mario Cordero heralded the twentieth anniversary of the Port’s Green Port program which has resulted in major reductions in truck, cargo-handling equipment, and ship emissions that were achieved at the same time as record container volume growth.

Chevron expresses interest for hydorcarbons’ exploration in Greece, energy ministry says

Reuters | January 20, 2025 | Energy

U.S. oil producer Chevron has expressed insterest in exploring for hydrocarbons southwest of the Peloponnese peninsula in Greece, the Greek energy ministry said in a statement on Monday.

Biden administration moves to protect more of Alaska refuge from drilling

Reuters | January 17, 2025 | Energy

Energy

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