Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Upstream majors dive into deeper waters as exploration budgets stay flat in 2024
| February 28, 2024 | Energy
Oil and gas upstream majors — ExxonMobil, Shell, Chevron, BP, TotalEnergies and Eni — will continue to exercise caution in exploration spending this year, with drilling activity poised for a busy year ahead. According to Rystad Energy’s research, these major producers will have spent on average a combined $7 billion each year between 2020 and 2024, a sizeable drop from the previous four-year period during which average total spending was $10 billion.
Oil heavyweights take aim at Biden’s LNG permitting freeze
| February 27, 2024 | Energy
Top oil industry lobbying groups set the stage for a potential lawsuit challenging the Biden administration’s pause in approving new liquefied natural gas exports.
US queries solar importer supply chains amid crackdown on China
| February 27, 2024 | Energy | Alternative | International Trade
The Department of Homeland Security is expanding its scrutiny of solar companies in the US, asking for information about their supply chains, an indication the Biden administration is poised to toughen enforcement of a ban on products linked to Chinese forced labor.
MOL, ITOCHU, HIF and JFE Steel sign MoU establishing supply chain for synthetic fuel and CO₂ marine transport using green hydrogen
| February 27, 2024 | Energy | Alternative | Green Shipping | Maritime | Technology
Panasonic Energy forges partnership with Wagner Logistics
| February 27, 2024 | Energy | Alternative | Logistics
Nuvera Fuel Cells joins EU-funded maritime decarbonization initiative
| February 27, 2024 | Energy | Alternative | Green Shipping | Maritime | Technology
Nuvera Fuel Cells, LLC, a leading provider of fuel cell power solutions, announces its participation in the APOLO project.
Russian oil tankers behave strangely after latest US sanctions
| February 27, 2024 | Energy | Maritime | Bulk
South Africa says emissions will fall even as it delays closing coal plants
| February 27, 2024 | Energy
ZIM names three new LNG vessels advancing sustainability in the shipping industry
Looming Venezuelan sanctions give a bump to Colombian oil prices
| February 26, 2024 | Energy
Shortage of oil tankers at hand as Red Sea attacks divert trade
| February 26, 2024 | Energy | Maritime | Bulk
Longstanding warnings from the oil tanker industry that too few of the ships are being built are coming back to haunt the market after Houthi attacks on commercial shipping caused widespread diversions in global petroleum trades.
China objects to EU’s border carbon tax, backs global market
| February 26, 2024 | Energy
European ship powered by natural gas is received by Wilson Sons at Rio Grande Container Terminal
| February 26, 2024 | Energy | Green Shipping | Maritime | Liner Shipping | Ports & Terminals | Terminals
As part of its plans to become Net Zero Carbon by 2050, the CMA CGM Group — a global player in sea, land, air and logistics solutions — has chosen the Rio Grande do Sul port terminal on its first trip to Brazil
Qatar is betting big on LNG and says other nations should, too
| February 26, 2024 | Energy
Flux Power appoints Royal as CFO
| February 26, 2024 | Energy | Alternative | People | Appointments
FincoEnergies empowers Glomar Offshore’s decarbonisation journey with GoodFuels HVO30
| February 26, 2024 | Energy | Green Shipping | Project / Heavy Lift | Maritime Project
Glomar Offshore, a leading provider of offshore drilling services, has reduced their CO2 emissions by 28% by transitioning from traditional fuels to GoodFuels HVO30, a sustainable marine biofuel blend.
Chemship blazes the trail with wind propelled chemical tanker
| February 26, 2024 | Energy | Alternative | Green Shipping | Maritime | Technology
Chemical Challenger targets 15% CO2 savings on Transatlantic route
WinGD and Mitsubishi Shipbuilding agree ammonia fuel supply system
| February 26, 2024 | Energy | Alternative | Green Shipping | Maritime | Technology
Swiss marine power company WinGD and Japanese shipbuilder and technology developer Mitsubishi Shipbuilding Co., Ltd. have completed the initial design of an ammonia fuel supply system (AFSS) for vessels powered by WinGD’s X‑DF‑A ammonia-fueled engines.
The first Norsepower Rotor Sail™ funded by German government to be fitted on Baltrader’s new cement carrier
| February 26, 2024 | Energy | Alternative | Green Shipping | Maritime | Technology
In summer 2024, Baltrader's new cement carrier M/V CEMCOMMANDER will be fitted with a Norsepower Rotor Sail™. This will improve energy efficiency and reduce the fuel consumption by up to 14%. The German Federal Ministry for Digital and Transport (BMDV) supports the project with NaMKü funding.
Eastern Pacific Shipping makes first wind propulsion move with bound4blue eSAILs®
| February 26, 2024 | Energy | Alternative | Green Shipping | Maritime | Technology
• Eastern Pacific Shipping (EPS) to install three bound4blue eSAILs® on Pacific Sentinel in Q4 2024. • Investment shows EPS’ commitment to decarbonisation journey, with forecasted energy consumption savings of around 10%, depending on vessel routing.
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