Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Natural gas buyers hoarding fuel at sea to prepare for winter
| September 08, 2022 | Energy | Maritime | Bulk
Energy traders and power utilities are storing more liquefied natural gas at sea, an unusual move to hoard supply for winter as the market faces a severe shortage.
US solar installs to get 40% boost on climate law, industry says
| September 08, 2022 | Energy | Alternative
WinGD wins another system integration customer with K-LINE duo
| September 08, 2022 | Energy | Alternative | Maritime | Breakbulk News
Swiss marine power company WinGD has signed a deal with Japanese shipowner K-LINE to integrate energy systems on two new 7,000 units pure car and truck carriers (PCTC). The vessels will feature WinGD X62DF-2.1 engines coupled with shaft generators – a configuration designed and integrated by WinGD - with energy use optimised by WinGD’s X-EL energy management system.
Work on key Nigerian oil export terminal runs to late September
| September 08, 2022 | Energy
Ship It Zero resolution passes Minneapolis City Council
| September 08, 2022 | Energy | Alternative | Maritime | Liner Shipping
Autocar, LLC delivers first all-electric terminal tractor to Old Dominion Freight Line
| September 08, 2022 | Energy | Alternative | Intermodal | Trucking
Autocar representatives supported Old Dominion Freight Line’s Rialto, Calif. facility with live E-ACTT operator orientation
Chevron New Energies, Crowley lead first close of Series A funding round for zero emissions industries
| September 08, 2022 | Energy | Alternative
Zero Emission Industries (ZEI), a leading hydrogen technology company for maritime, announced today the first close of its Series A funding round. The round is led by Chevron New Energies with additional investment from U.S.-based shipping and logistics company Crowley.
Blockbuster US diesel demand belies recessionary worries
| September 08, 2022 | Energy | Intermodal | Trucking
June was an unexpected blockbuster for diesel demand in the US but economic headwinds threaten to cut trucker consumption going forward.
Bolloré Logistics USA launches its first renewable natural gas truck
| September 08, 2022 | Energy | Alternative | Intermodal | Trucking
Bolloré Logistics USA has launched its first Renewable Natural Gas (RNG) truck at its Coppell, Texas, facility in July 2022 to strengthen its “sustainable logistics” initiative. Two more RNG trucks were received in August and the fourth one is expected early 2023. The three trucks received in 2022 will cover approximately 500,000 miles per year across Texas, saving 10 tons of CO2 per year compared to diesel trucks.
Pasha boasts new LNG powered George III will substantially reduce emissions
Danfoss Power Solutions and TESYA Group join forces to boost marine electrification
| September 07, 2022 | Energy | Alternative | Maritime | Technology
Global oil and gas exploration shrinks as companies shift focus to lower-risk core assets and regions
| September 07, 2022 | Energy
Global oil and gas exploration is set to falter this year as the number of licensed blocks and total acreage fall to near all-time lows as the sector struggles to shake off the effects of the Covid-19 pandemic and the ensuing oil market crash, Rystad Energy research shows.
OPEC oil export revenues forecast to increase in 2022 but decline in 2023
| September 07, 2022 | Energy
We forecast that members of OPEC will collectively earn $842 billion in revenues from oil exports in 2022, the most (adjusted for inflation) for the group since 2014. Based on our forecasts of both OPEC liquid fuels production and of crude oil prices in our Short-Term Energy Outlook (STEO), OPEC revenues will be nearly 50% higher in 2022 than in 2021. In 2021, OPEC’s export revenues increased by nearly 70%, after the group collectively had its lowest export revenues in 2020 since 2002. The revenue increase this year would be due to both more production and higher crude oil prices.
Aemetis finalizes $7 billion of supply contracts for 100% of riverbank plant production of sustainable aviation fuel and renewable diesel for up to 10 years
| September 07, 2022 | Energy | Alternative
Oil boom falls flat in region with a fifth of world’s reserves
| September 07, 2022 | Energy
Latin American countries struggle to boost output as fuel inflation sparks political turmoil
U.S. LNG export capacity to grow as three additional projects begin construction
| September 06, 2022 | Energy | Ports & Terminals | Terminals
The United States began exporting liquefied natural gas (LNG) from the U.S. Lower 48 states in February 2016. As of July 2022, the United States has more LNG export capacity than any other country and has exported more LNG than any other country. U.S. LNG exports averaged 11.1 billion cubic feet per day (Bcf/d) during the first half of 2022.
Vestdavit tackles weighty task with innovative davit for Esvagt’s green SOV newbuild
| September 06, 2022 | Energy | Alternative | Maritime | Technology | Project / Heavy Lift | Maritime Project
Vestdavit has lifted the bar in boat handling systems by developing an innovative heavy-duty davit for larger offshore wind workboats to be delivered for a pioneering green-fuelled service operation vessel (SOV) newbuild as part of a multiple davit contract with Esvagt.
Winter is coming: Russian gas supply cuts cause price volatility and potentially power cuts
| September 06, 2022 | Energy
The European energy sector continues to be shocked by price volatility and uncertainty over energy balances for the coming winter. Power spot prices across Western Europe have climbed to unparalleled levels: daily average prices have traded above €600 ($599) per megawatt-hour (MWh) in Germany and above €700 per MWh in France, with peak-hour spikes as high as €1,500 per MWh. Now there is a risk of even higher prices during the winter months as Russia has halted all gas exports through Nord Stream 1 for an indefinite period.
Alfa Laval Test & Training Centre receives approval for testing with ammonia
| September 06, 2022 | Energy | Alternative | Maritime | Technology
Supporting the entire fuel transition
DNV urges cross-industry collaboration to help overcome “ultimate hurdle” of fuel availability in its latest decarbonization report
| September 06, 2022 | Energy | Maritime
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