Energy

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

Gas prices inch up amid regional heatwaves - Rystad Energy’s Gas and LNG Market Update

AJOT Newsroom | July 26, 2023 | Energy

Gas prices on the Netherlands-based Title Transfer Facility (TTF) are up 20% week-on-week to around $10.7 per million British thermal units (MMBtu) as of 25 July due to heatwaves in Italy, Greece, and Spain.

Russia gas output down 13% in first half after EU exports cut

Bloomberg | July 26, 2023 | Energy

Germany plans to rely on imports for bulk of hydrogen supplies

Bloomberg | July 26, 2023 | Energy | Alternative | Green Shipping

BIH project gets a boost for NextDecade Corp.’s Rio Grande LNG project at the Port of Brownsville

AJOT Newsroom | July 26, 2023 | Energy | Ports & Terminals

Great Lakes receives notice to proceed for Phase 1 of channel deepening project

Onne Multipurpose Terminal supports Nigerian LNG’s Bonny expansion

AJOT Newsroom | July 25, 2023 | Energy | Ports & Terminals | Terminals

In a significant stride towards enhancing Nigeria’s natural gas processing and export capacity, Onne Multipurpose Terminal (OMT) is playing an important role in supporting Nigerian LNG’s (NLNG) Train 7 expansion project at the latter’s facility in Bonny.

CMA CGM LIBERTY arrives at the Port of Yokohama, the first LNG-powered containership to call a Japanese port

• CMA CGM LIBERTY is one of three e-methane ready LNG-powered vessels on the Asia Central South America 1 service. • CMA CGM, supporting customers’ supply chains and energy transition in Japan in BETTER WAYS.

China’s gas reform seen boosting distributors, LNG imports

Bloomberg | July 25, 2023 | Energy

GE boosts outlook on aerospace gains, rebound in renewables

Refinery capacity increased slightly for the first time since the COVID-19 pandemic

AJOT Newsroom | July 25, 2023 | Energy

U.S. refining capacity increased slightly for the first time since the COVID-19 pandemic, as of January 1, 2023, reversing two years of decline, according to our annual Refinery Capacity Report.

Saudi oil revenue drops to lowest since 2021 as prices falter

Bloomberg | July 25, 2023 | Energy | International Trade

Russia’s crude flows from Western ports slump to seven-month low

Bloomberg | July 25, 2023 | Energy

British Airways parent IAG buys stake in UK maker of fuel from ethanol

Russia’s Arctic shipping route gets busy with oil traffic to China

Bloomberg | July 24, 2023 | Energy | Maritime | Bulk

Three oil tankers will meet up shortly in the Arctic waters of the Kara Sea, signaling that the navigation season along Russia’s Northern Sea Route is open for business.

Energy

AJOT Newsroom | July 24, 2023

NYK Bulkship (Atlantic) to introduce NYK Group’s first wind-assisted ship-propulsion unit

NYK Bulkship (Atlantic) N.V., a NYK Group company, will introduce a wind-assisted ship-propulsion unit on a bulk carrier engaged in a long-term charter contract with Cargill International S.A. (Switzerland), a subsidiary of Cargill, Incorporated (USA). This will be the first time for a unit of this type to be installed on an NYK Group vessel.

Natural gas prices fall in first half of 2023 amid record production and mild temperatures

AJOT Newsroom | July 24, 2023 | Energy

The average monthly spot natural gas price at the U.S. benchmark Henry Hub fell 34%, or $1.12 per million British thermal units (MMBtu), to $2.18/MMBtu between January and June, according to data from Refinitiv Eikon.

Air France KLM Martinair Cargo receives IATA CEIV Lithium Batteries certification

AJOT Newsroom | July 24, 2023 | Energy

Safety is a top priority at Air France KLM Martinair Cargo (AFKLMP Cargo), ensuring the best possible transportation of dangerous goods, such as lithium batteries, which are increasingly...