Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Lhyfe and Germany’s ENERPARC AG join forces to produce renewable hydrogen from solar energy
| January 13, 2022 | Energy | Alternative
Lhyfe, a global pioneer and pure player in the production of green renewable hydrogen, has signed its first project powered by solar photovoltaics. This is the company’s first official project using energy other than wind power. In Germany, in Brandenburg, Lhyfe will couple its hydrogen production system to the 20 MW photovoltaic installation of ENERPARC, one of Germany’s largest photovoltaic developers.
Dutch windship company opens funding round
| January 13, 2022 | Energy | Alternative | Maritime | Technology
Electric car makers brace for cost headache as battery-grade lithium price set to rise 50% within a year
| January 13, 2022 | Energy | Alternative
Electric vehicle (EV) producers and suppliers could be facing a major cost headache starting this year as prices for battery-grade lithium are poised to skyrocket. Prices for the metal are already trading at a record high of $35 per kilogram in Asia, and are likely to keep climbing to $50 per kilogram in the second half of 2022 and trade at around $52.5 per kilogram in January 2023, a Rystad Energy analysis shows.
Offshore oil needs more shuttle tankers as volumes requiring transport set to rise by 35% this decade
| January 13, 2022 | Energy | Maritime | Bulk
Demand for shuttle tankers in countries with robust offshore oil production and limited pipeline infrastructure is set to grow continuously in the coming years, as produced volumes in need of transport rise to 3.3 billion barrels per year before the end of the decade, jumping 35% from 2.5 billion in 2021, a Rystad Energy report shows.
Europe to ramp up diesel shipments to cold-gripped US East
| January 13, 2022 | Energy
European refiners are planning to send more diesel than usual to the U.S., where inventories of the fuel are low and a cold snap has gripped the Northeast, boosting demand for heating fuels.
Hyundai Heavy LNG shipping deal with Daewoo vetoed by EU
| January 13, 2022 | Energy | Maritime | Bulk
High coal prices to speed India’s efforts to curb imports
| January 13, 2022 | Energy | International Trade | Commodity
Oil demand in Asia faces fresh challenge as omicron cuts traffic
| January 13, 2022 | Energy
European natural gas falls as US reassures region on supplies
| January 13, 2022 | Energy
MOL and CNOOC sign long-term charter deal for six newbuilding LNG carriers
| January 12, 2022 | Energy | Maritime | Bulk
US says any Russia sanctions wouldn’t crimp Europe energy
| January 12, 2022 | Energy
Wilhelmsen Ship Management takes a majority stake in Ahrenkiel Tankers to strengthen its position in the tanker market
| January 12, 2022 | Energy | Maritime | Bulk
Wilhelmsen Ship Management has strengthened its position in the tanker market with a newly signed agreement to acquire a majority stake in Hamburg-based Ahrenkiel Tankers.
Korea Maritime & Ocean University researchers champion LPG as a green alternative ship fuel
| January 12, 2022 | Energy | Alternative | Maritime | Technology
EIA forecasts crude oil prices will fall in 2022 and 2023
| January 12, 2022 | Energy
In our January 2022 Short-Term Energy Outlook (STEO), we forecast that crude oil prices will fall from 2021 levels. In the fourth quarter of 2021, the price of Brent crude oil, the international pricing benchmark, averaged $79 per barrel (b). We forecast that the price of Brent will average $75/b in 2022 and $68/b in 2023.
European gas fluctuates as LNG imports offset Russian flows
| January 12, 2022 | Energy
US crude output to rise to record in 2023 on shale growth
| January 12, 2022 | Energy
MOL acquires AIP for ammonia bunkering vessel
| January 11, 2022 | Energy | Alternative | Maritime | Bulk
ZeroNorth acquires US-based bunker market platform ClearLynx
| January 11, 2022 | Energy | Ports & Terminals
Move allows ZeroNorth platform to provide bunker optimisation to industry, alongside voyage and vessel optimisation recommendations
ExxonMobil expands interest in biofuels, acquires stake in Biojet AS
| January 11, 2022 | Energy
Coal will account for 85% of US electric generating capacity retirements in 2022
| January 11, 2022 | Energy
Operators have scheduled 14.9 gigawatts (GW) of electric generating capacity to retire in the United States during 2022, according to our latest inventory of electric generators. The majority of the scheduled retirements are coal-fired power plants (85%), followed by natural gas (8%) and nuclear (5%).
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