Energy

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

Planned Australian LNG strikes stoke supply concerns. - Rystad Energy’s Gas and LNG Market Update

AJOT Newsroom | August 31, 2023 | Energy

The gas and liquefied natural gas (LNG) market continues to monitor potential industrial action threatened at major Australian LNG liquefaction plants.

Russia agrees on further OPEC+ oil-export cuts, Novak says

Bloomberg | August 31, 2023 | Energy

Iraq export pipeline closure has already cost about $4 billion

Bloomberg | August 31, 2023 | Energy

U.S. gasoline prices are on the rise heading into Labor Day

AJOT Newsroom | August 31, 2023 | Energy

On the Monday before the Labor Day weekend, August 28, 2023, the retail price of regular gasoline averaged $3.81 per gallon (gal) across the United States.

Kazakhstan diversifies oil-export routes with tanker purchases

Bloomberg | August 31, 2023 | Energy | Maritime | Bulk

Kazakhstan is buying tankers to ship its oil across across the Caspian and Black Seas, the latest sign that central Asia’s largest crude producer is seeking alternatives to its main export pipeline through Russia.

Iran’s oil exports surge in August even with final week dip

Bloomberg | August 31, 2023 | Energy

Ethanol maker says US ‘green’ jet fuel fate hinges on tax policy

US corn farmers and biofuel producers are poised to gain from turning ethanol into sustainable jet fuel — depending on how Washington writes the tax policy.

Three countries began importing liquefied natural gas this year, and more will follow

AJOT Newsroom | August 30, 2023 | Energy

Global liquefied natural gas (LNG) import capacity is set to expand by 16%, or 23 billion cubic feet per day (Bcf/d), by the end of 2024 compared with 2022.

Russia in talks with OPEC+ on extending oil-export cuts

Bloomberg | August 30, 2023 | Energy

Major order of 53 Renault E-Tech: Schenker France pushes fleet electrification

On the way to clean logistics: DB Schenker acquires 53 electric Renault Trucks • Vehicles will be deployed to 19 branches in France starting September 2023

Russia’s diesel, fuel exports poised for August slump as refineries undergo work

Bloomberg | August 30, 2023 | Energy

Solar panel shipments set a record high in 2022 as capacity continued to grow

AJOT Newsroom | August 29, 2023 | Energy | Alternative

In 2022, solar photovoltaic panel shipments in the United States increased 10% from 2021, setting another annual record (31.7 million peak kilowatts [kWp]), based on our latest published data. U.S. solar panel shipments have been growing as solar capacity continues to rise.

KPI OceanConnect appoints regional leaders to strengthen strategic customer partnerships in the energy transition

KPI OceanConnect creates a new level of leadership within the business to meet the changing needs of customers and deliver more innovative decarbonisation solutions.

Russia’s seaborne crude flow surges to hit an eight-week high

Bloomberg | August 29, 2023 | Energy | Maritime | Bulk

Shipments from Baltic ports climb ahead of an easing of exports curbs

Energy

AJOT Newsroom | August 29, 2023

Hyster ships hydrogen fuel cell ReachStacker to the Port of Valencia

Hyster Company, a leading global provider of container handling solutions, has developed and shipped a hydrogen fuel cell ReachStacker for a pilot at the Port of Valencia in Spain. This Hyster® ReachStacker is an innovative zero-emission solution that uses a Nuvera® Fuel Cell Engine to convert hydrogen into electricity. The hydrogen is stored on board in high-pressure tanks and can be refilled in 10-15 minutes. The onboard hydrogen fuel cell charges the batteries, which power the electric motors and hydraulic systems enabling the ReachStacker to lift laden containers with similar performance to a diesel-powered alternative.

Eksfin provides EUR 450 million in guarantee financing to Iberdrola

AJOT Newsroom | August 28, 2023 | Energy | Alternative

Reaches a new milestone of NOK 20 billion (EUR 1.8 billion) in loans and guarantees to offshore wind projects worldwide

Colombia boosts LNG imports ahead of El Niño dry weather

Bloomberg | August 28, 2023 | Energy

Exxon sees CO2 emissions in 2050 more than twice Paris goal

Bloomberg | August 28, 2023 | Energy

Exxon Mobil Corp. sees the world failing to reduce emissions fast enough to limit global warming to 2C (3.6F) above pre-industrial norms by 2050 due to soaring economic growth, particularly in developing countries.

Food service buildings are highly energy intensive

AJOT Newsroom | August 28, 2023 | Energy

Food service buildings including restaurants are nearly four times more energy intensive than commercial buildings are on average in the United States. Food service buildings were the smallest commercial building type, averaging 4,800 square feet per building, or less than one-third the size of the average commercial building (16,300 square feet), according to our recently published 2018 Commercial Buildings Energy Consumption Survey (CBECS).

US shale reinvestment rates hit three-year high amid inflation and muted oil prices

AJOT Newsroom | August 28, 2023 | Energy

The reinvestment rate of US shale oil producers hit its highest level in three years in the second quarter of 2023, but the recent trajectory will not last, according to Rystad Energy research. Our analysis focuses on a peer group of 18 public companies, excluding majors, that collectively accounted for about 40% of total US shale oil output in 2022.

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