Energy

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

US LNG looks to be headed to Asia, not Europe, as TTF prices fall - Rystad Energy’s Gas and LNG Market Update

AJOT Newsroom | July 12, 2023 | Energy

Gas prices on the Netherlands-based Title Transfer Facility (TTF) fell 14% to around $9.4/MMBtu as of 11 July due to weak demand and healthy supply.

Transport with biofuel: DB Schenker and Volvo Cars reduce emissions in ocean freight

AJOT Newsroom | July 12, 2023 | Energy | Alternative | Green Shipping

DB Schenker and Volvo Cars have embarked on a partnership for more sustainable ocean freight, shipping 12,000 standard containers (TEU) with automotive spare parts on vessels using biofuel that will reduce CO2 emissions by 84% per container.

Challenges ahead for South Africa’s decarbonization as renewable power capacity to fall short of 2030 target

AJOT Newsroom | July 12, 2023 | Energy | Alternative | Green Shipping

Renewable energy will account for just 20% of South Africa's power mix by the end of this decade, according to Rystad Energy analysis, highlighting the uphill battle the nation faces in its pursuit of decarbonization.

Department of Energy launches prize to jumpstart wind turbine materials recycling industry

AJOT Newsroom | July 12, 2023 | Energy | Alternative | Green Shipping

As part of President Biden’s Investing in America Agenda, the U.S. Department of Energy (DOE) has launched the Wind Turbine Materials Recycling Prize.

Energy

Stas Margaronis | July 12, 2023

Port of Rotterdam spearheads green hydrogen complex

The Port of Rotterdam Authority is working with various partners towards the introduction of a large-scale hydrogen network across the Port complex

Pasha Hawaii announces delivery of second LNG-fueled ‘Ohana Class Vessel ‘MV Janet Marie’ at AmFELS

AJOT Newsroom | July 12, 2023 | Energy | Alternative | Maritime | Liner Shipping

Hawaii-based Pasha Hawaii, together with Texas-based AmFELS (A member of Seatrium Group), has announced the delivery of the MV Janet Marie, the second of two new ‘Ohana Class, 774-foot Liquefied Natural Gas (“LNG”) powered container ships built at AmFELS.

European gas prices fall to lowest in four weeks on tepid demand

Bloomberg | July 11, 2023 | Energy

Russian oil flows show first signs of drop months after cuts vow

Bloomberg | July 11, 2023 | Energy

European gas prices drop near lowest in a month on weak demand

Bloomberg | July 11, 2023 | Energy

Russia’s cash flood turns to trickle as energy revenues slide

Bloomberg | July 11, 2023 | Energy

OPEC oil export revenue was highest in almost a decade last year

Bloomberg | July 11, 2023 | Energy

Canada’s pipe dream marred as overruns drive up cost of exporting oil to Asia

Bloomberg | July 11, 2023 | Energy

A Canadian pipeline hailed as a cheap and speedy way to send oil to Asia is set to become a $15 billion (C$20 billion) taxpayers’ headache and an expensive option for exporters thanks to cost overruns.

Biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast

AJOT Newsroom | July 10, 2023 | Energy

Last year, U.S. West Coast distillate consumption, as measured by product supplied, was at its lowest since 2002 and is on track to fall further this year.

Spending on oil and gas well interventions to top $58 billion in 2023/Rystad Energy

AJOT Newsroom | July 10, 2023 | Energy

As oil and gas production companies look for efficient and cost-effective methods of increasing their output, the well intervention market is set to get a healthy boost.

US onshore D&C service prices set to soften across the board - Rystad Energy’s Supply Chain Market Update

AJOT Newsroom | July 10, 2023 | Energy

US onshore drilling service prices are set to soften across the board.

57% of all commercial diesel trucks on the roads are near-zero emissions models

AJOT Newsroom | July 10, 2023 | Energy | Green Shipping | Trucking

Russian oil price at Western port creeps closer to sanctions cap

Bloomberg | July 10, 2023 | Energy

The price of Russian oil at one of its Western ports is the closest to the price cap set by Group of Seven nations since the measures came into effect late last year.

Elcome and Miros sign distribution deal

AJOT Newsroom | July 10, 2023 | Energy | Maritime | Technology

Leading maritime systems and services provider Elcome International LLC has signed an exclusive sales and service agreement with Miros AS, the Norway-headquartered wave, current and oil spill monitoring specialist.

Russia-linked oil tanker fleet vanishes even faster than it grew

Bloomberg | July 10, 2023 | Energy | Maritime | Bulk

A fleet of tankers that sprouted up out of nowhere to keep Russia’s oil moving has disbanded even faster than it emerged, underscoring the challenges involved in keeping track of who’s helping Moscow to get its petroleum to buyers around the world.

Truckmakers and California reach deal on zero-emission big rigs

Bloomberg | July 07, 2023 | Energy | Alternative | Green Shipping | Trucking

Major truck and engine manufacturers have brokered a truce with California’s plan for phasing out sales of polluting diesel rigs in a landmark deal with state regulators.

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