Energy

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

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In 2021 U.S. natural gas-fired power generation declined for the first time in four years

AJOT | October 31, 2022 | Energy

According to our recently released Natural Gas Annual, natural gas consumption in all sectors in the United States was effectively flat between 2020 and 2021, down by only 0.5 billion cubic feet per day (Bcf/d). U.S. natural gas consumption reached a record 85.3 Bcf/d in 2019 and has declined annually since then.

US to exempt Russia oil loaded before Dec. 5 from price cap plan

Bloomberg | October 31, 2022 | Energy

Biden to urge Congress to consider tax penalties on big oil

Energy

Bloomberg | Top Story | October 31, 2022

Biden to urge Congress to consider tax penalties on big oil

President Joe Biden will call on Congress to consider tax penalties for oil and gas companies accruing record profits, according to a White House official, amid stubbornly high gasoline prices that are dragging on Democrats’ midterm prospects.

IMF sees $1 trillion oil exporter windfall, bigger gulf savings

Bloomberg | October 31, 2022 | Energy

Idled Russian oil project exports first cargo in five months

Bloomberg | October 31, 2022 | Energy

Russia is mostly failing in race to find new oil markets

Bloomberg | October 31, 2022 | Energy

Pemex reports surprise loss as oil giant’s fuel costs rise

Bloomberg | October 28, 2022 | Energy

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Commercial cooperation between Hexagon Purus and Lhyfe for distribution of green and renewable hydrogen in Europe

AJOT | October 28, 2022 | Energy | Alternative

Hexagon Purus, a leading hydrogen systems supplier, and Lhyfe (EURONEXT : LHYFE), a world pioneer in the production of green and renewable hydrogen for transportation and industrial applications, recently entered into a commercial cooperation for delivery of Hexagon Purus’ type 4 hydrogen distribution systems. As a result, Lhyfe will be able to deliver a maximum of 19 tons of green hydrogen per trip, corresponding to the consumption of 650 transit buses.

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Crowley, Humboldt Bay to develop and operate California wind terminal

Crowley signed an agreement today with the Port of Humboldt Bay to exclusively negotiate to be the developer and operator of a terminal to serve as California’s first hub for offshore wind energy installations.

Europe can’t rely on US gas to plug growing gap next year

Bloomberg | October 28, 2022 | Energy | International Trade

South Korea extends LNG tariff relief to help shield consumers

Bloomberg | October 27, 2022 | Energy

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Iberia: A new European energy powerhouse emerges

AJOT | October 27, 2022 | Energy

Iberia is well positioned to compete with – or even replace – Northern Europe’s existing energy industrial hub as sectors in Spain and Portugal can call on abundant sunshine, strong winds and mature gas infrastructure as well as a wealth of industry and managerial expertise. With reliable gas supply from North Africa, lower power prices compared to the rest of Europe, and a renewable energy pipeline that stands out on the continent, Spain and Portugal have the potential to evolve into a new European energy powerhouse, according to Rystad Energy research.

SunGas Renewables Inc. announces agreement with Arbor Renewable Gas™

AJOT | October 27, 2022 | Energy

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US coal-fired generation declining after brief rise last year

AJOT | October 27, 2022 | Energy

We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired generation declined each year between 2014 and 2020, it rose 16% in 2021 as a result of increased electricity demand and higher natural gas prices following the pandemic. Despite natural gas prices remaining high, coal-fired generation has continued its previous trend of decline this year as a result of constrained coal supply.

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GoodFuels, NORDEN, Control Union and IDS Group successfully test isotopic tracer for marine biofuels, underpinning transparency and quality in the fuel supply chain

AJOT | October 27, 2022 | Energy | Maritime | Technology

Test of tracer during biofuel delivery to NORDEN tanker underlines power of physical isotopic tracers to improve accountability within marine fuels sector

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Tug of the year – powered by Echandia

The world’s first all-electric ship-handling tug Sparky – wins the prestigious ‘Tug of the Year award’ at the 2022 International Tug & Salvage Awards in Istanbul, Turkey. The impressively powerful and emission-free tug, that operates on Echandia’s LTO batteries, has a 70-ton bollard pull that will stack up with the performance of any conventional tug.