Energy

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


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Decarbonization efforts will lead to a net increase of 237 billion ton-miles, predicts Veson Nautical

AJOT | March 26, 2024 | Energy | Green Shipping | Maritime | Bulk

Dry Bulk shipowners set to profit from “green transition” as the expansion of renewable energy capacity predicted to outweigh the negative effects of diminished coal demand

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Safety study demonstrates the need for new rules for methanol fueled fires advises Survitec

AJOT | March 25, 2024 | Energy | Alternative | Green Shipping | Maritime

A new fire safety study by global Survival Technology solutions provider Survitec has revealed that existing fire-fighting methods used to extinguish machinery space spray and pool fires on conventionally fuelled vessels are inadequate when dealing with methanol-based fires.

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Eni, Fincantieri and RINA establish partnership for maritime transport decarbonization

AJOT | March 25, 2024 | Energy | Green Shipping | Maritime | Technology

Eni, a global energy company, Fincantieri, one of the world’s largest shipbuilding groups, the only one active in all high-tech marine industry sectors, and RINA, a multinational inspection, certification, and engineering consultancy, have signed an agreement to develop joint initiatives for the energy transition.

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December natural gas price in Southern California was the lowest since 2015

AJOT | March 25, 2024 | Energy

Natural gas prices at SoCal Citygate, the major price hub in Southern California, averaged $3.61 per million British thermal units (MMBtu) in December 2023—the lowest December price since 2015 when adjusted for inflation—according to data from Natural Gas Intelligence.

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Hydrogen Vehicle Systems (HVS) celebrates hydrogen fuel cell truck’s first trailer pull on test track 

AJOT | March 25, 2024 | Energy | Alternative | Green Shipping | Trucking

• The Hydrogen Vehicle Systems (HVS) HGV test program is on course and has achieved another key milestone with track testing well underway • The X2.0 track test vehicle has demonstrated real world performance by successfully pulling a trailer around the test track • X2.0 features an innovative Hydrogen Fuel Cell propulsion system, with the only tailpipe emissions being water

Norway delays floating wind plans on subsidy concerns

Bloomberg | March 23, 2024 | Energy | Alternative

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Russia’s oil is finally getting snarled by sanctions

Bloomberg | March 23, 2024 | Energy

The Russian oil-export machine funding the Kremlin’s war in Ukraine is finally getting some grit in its gears.

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EU to keep tabs on Norway deep sea mining efforts

Bloomberg | March 21, 2024 | Energy | International Trade

The European Union will monitor Norway’s progress in exploring the deep sea bed for potential mining of critical raw materials as the bloc seeks to reduce its dependence on China.

China’s imports of Russian coal slump as import taxes bite

Bloomberg | March 21, 2024 | Energy | International Trade | Commodity

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Natural gas intrastate pipeline capacity additions outpaced interstate additions in 2023

AJOT | March 20, 2024 | Energy

In 2023, 5.2 billion cubic feet per day (Bcf/d) of natural gas intrastate pipeline capacity was added in the United States, according to our recently updated Natural Gas Pipeline Projects Tracker.

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Germany plans more support for $11 billion Namibia hydrogen plan

Bloomberg | March 20, 2024 | Energy | Alternative

Germany aims to designate an ambitious green hydrogen project in Namibia as strategically significant, paving the way for additional financial support and bringing a plan that could transform the economy of the African nation closer to reality.

Russia’s crude flows fall back as major ports hit by disruptions

Bloomberg | March 20, 2024 | Energy | Ports & Terminals

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India buying more US oil as sanctions stifle Russian flows

Bloomberg | March 19, 2024 | Energy

Indian oil refiners are on track to take the most American crude in almost a year after tighter enforcement of US sanctions crimped trade with Russia and forced processors to look elsewhere for supply.

MOL, Idemitsu, HIF team up to develop e-fuel/e-methanol supply chain, including marine transport of CO2

AJOT | March 19, 2024 | Energy | Alternative | Green Shipping | Maritime | Bulk

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Vestdavit sales hit all-time high in 2023 as offshore energy boosts davit demand

AJOT | March 19, 2024 | Energy | Alternative

• Orders increase 76% year on year • Offshore wind accounts for 30% of sales • Biggest-ever order secured with Nato naval client

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M&A activity in 2023 furthers consolidation of U.S. crude oil and natural gas firms

AJOT | March 19, 2024 | Energy

In 2023, crude oil and natural gas exploration and production (E&P) companies increased spending on mergers and acquisitions (M&A) to $234 billion, the most in real 2023 dollars since 2012.

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