Energy

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

The world can’t get enough of US diesel as exports surge

Bloomberg | July 15, 2022 | Energy | Conventional

Europe becomes top market for US crude as war upends trade

Bloomberg | July 15, 2022 | Energy | Conventional

Lufthansa Cargo on the way to CO₂ neutrality by 2050

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US monthly average Henry Hub spot price nearly doubled in 12 months

AJOT | July 14, 2022 | Energy

During the past 12 months (July 2021–June 2022), the monthly average Henry Hub natural gas spot price, which is a U.S. benchmark, nearly doubled, according to data from Refinitiv Eikon. The price rose from $3.84 per million British thermal units (MMBtu) in July 2021 to $7.70/MMBtu in June 2022. The average inflation-adjusted (real) monthly Henry Hub spot price reached a 12-month high of $8.17/MMBtu in May 2022, the highest price since November 2008. Prices have generally increased since mid-2021 because demand growth has outpaced domestic production growth, keeping inventory levels low.

Twelve and Alaska Airlines to collaborate with Microsoft to advance sustainable aviation fuel derived from recaptured CO2 and renewable energy

Marsoft and ClimeCo collaborate to accelerate decarbonization in shipping

China studies ending Australia coal ban on supply fear

Bloomberg | July 14, 2022 | Energy

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Russia’s war machine still getting plenty of cash from oil

Bloomberg | July 13, 2022 | Energy

Export earnings buoyed by higher duty rate for July’s shipments

Pemex oil exports fall despite rally, gasoline imports rise

Bloomberg | July 13, 2022 | Energy

Congress members move to protect climate, oceans, public health with landmark legislation for zero-emissions ocean cargo ships, ports

Expensive gasoline keeps more summer drivers off road than at height of pandemic

Bloomberg | July 13, 2022 | Energy

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Key energy transition hub: European port Antwerp-Bruges becomes foundation member of H2Global

AJOT | July 13, 2022 | Energy | Alternative | Ports & Terminals

Officially merged in April 2022, Port of Antwerp-Bruges perceives itself in a key role for the production, distribution and use of green hydrogen. Europe's largest export port is now participating in the German H2Global Foundation with an endowment sum of EUR 100,000.

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Port of Valencia now has its hydrogen plant

AJOT | July 13, 2022 | Energy | Alternative | Ports & Terminals

• The tank and compressor of the hydrogen generator which will supply hydrogen to the prototypes of port machinery have already been placed on the north quay • In the next few days the mobile unit will arrive with the dispenser of this project which positions the Port of Valencia as the first European port to use this technology

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Renewable identification number prices for ethanol and biomass-based diesel remain high

AJOT | July 13, 2022 | Energy

The prices of renewable identification number (RIN) credits—a compliance mechanism used for the Renewable Fuel Standard (RFS) program administered by the U.S. Environmental Protection Agency (EPA)—have remained high in 2022. So far this year, RINs generated by biomass-based diesel (biodiesel and renewable diesel) production, known as D4 RINs, peaked on April 28 at $1.91 per gallon (gal), and RINs generated by ethanol production (D6 RINs) peaked on June 7 at $1.68/gal, close to the high prices seen in 2021.

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Like-for-like comparisons of future fuels key to vessel investment decisions

AJOT | July 13, 2022 | Energy | Alternative | Maritime

SEA-LNG, the multi-sector industry coalition established to demonstrate the beneﬁts of the LNG fuel pathway for shipping decarbonisation, has released a framework for comparing the emissions and cost implications of adopting future fuel pathways and urges the industry to make like-for-like comparisons when discussing alternative marine fuels.