Energy

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

Rystad Energy’s Gas and LNG Market Update

AJOT Newsroom | June 21, 2023 | Energy

Asian spot LNG prices driven by TTF, US Henry Hub remains insulated...

Energy

AJOT Newsroom | June 21, 2023

TODAY IN ENERGY: As solar capacity grows, duck curves are getting deeper in California

As more solar capacity has come online in California, grid operators at the California Independent System Operator (CAISO) have observed a...

ExxonMobil signs carbon capture agreement with Nucor Corporation

AJOT Newsroom | June 21, 2023 | Energy | Alternative

Ship & Shore Environmental, Inc. expands expertise to meet growing demand in ‘Wind Turbine” manufacturing, building on successful track record

AJOT Newsroom | June 20, 2023 | Energy | Alternative

Wind energy is a key driver in the global transition toward renewable power sources...

TODAY IN ENERGY: U.S. diesel prices have fallen below prices from before Russia’s invasion of Ukraine

AJOT Newsroom | June 20, 2023 | Energy

Diesel is produced from crude oil, so crude oil prices are closely linked to diesel prices...

Why are oil prices not higher? – Rystad Energy Oil Market Note

AJOT Newsroom | June 19, 2023 | Energy

Despite expectations of a looming oil market deficit, prices have remained surprisingly low.  According to Rystad Energy, the oil market is projected to face a significant deficit, averaging 2.4 million barrels per day (bpd) for the remainder of the year.

Targray addresses demand for renewable fuel in Washington with new Spokane Biodiesel Terminal

Targray’s latest transloading terminal is optimally located to supply low-carbon fuels throughout the state of Washington.

Ports of Stockholm increases solar electricity production by 55 percent

Ports of Stockholm is building six new rooftop solar cell systems that will increase the company's own solar electricity production by 55 percent. This is fully aligned with the company’s and the City of Stockholm’s goals and strategies.

Russia’s oil giant urges OPEC+ to track exports, not just output

Bloomberg | June 17, 2023 | Energy

Nigeria’s oil shipping costs soar as tanker owners steer clear

Bloomberg | June 17, 2023 | Energy | Maritime | Bulk

Russia’s fuel shipments edge higher as oil refineries come back

Bloomberg | June 16, 2023 | Energy | Maritime | Bulk

TTF prices top $14 per MMBtu on Norway maintenance delay - Rystad Energy’s Gas and LNG Market Update

AJOT Newsroom | June 16, 2023 | Energy

TTF prices top $14 per MMBtu on Norway maintenance delay...

Energy

AJOT Newsroom | June 16, 2023

New order from leading French owners shows growing popularity of ‘Strategic Marine’s StratCat 27 Crew Transfer Vessel’

In line with its renewables development strategy, the LDA Group is anticipating the growing needs of the offshore wind sector and expects many...

Navigating commodity price volatility in US shale services – Rystad Energy’s Supply Chain Pricing Market Update

AJOT Newsroom | June 15, 2023 | Energy

Lower commodity prices would drive down US shale service prices by over 20%

Nigeria was the top crude oil producer in Africa, but disruptions threaten production

AJOT Newsroom | June 15, 2023 | Energy

For many years, more crude oil was produced in Nigeria than in any other country in Africa.

Brisk trading of Middle East oil may move more US flows to Asia

Bloomberg | June 15, 2023 | Energy | Logistics

HysetCo inaugurates the largest hydrogen station in Europe

AJOT Newsroom | June 15, 2023 | Energy | Ports & Terminals | Ports

HysetCo has crossed a key milestone in its industrial development with the inauguration of its fourth hydrogen distribution station at...

Lhyfe and Capital Energy team up to produce green hydrogen at sea with power from offshore wind farms in Spain and Portugal

AJOT Newsroom | June 14, 2023 | Energy | Alternative | Green Shipping

• The collaboration agreement signed between Lhyfe and Capital Energy could be extended to other markets in the future. • Lhyfe is one of the pioneers of green hydrogen production with an offshore production prototype already operational in France.

Damen Shipyards and Baltic Workboats forge alliance to serve the growing offshore wind industry

Baltic Workboats (BWB) and Damen Shipyards have signed a partnership agreement for a program of building Damen’s popular crew transfer vessel, the Fast Crew Supplier (FCS) 2710, at BWB’s facility on Saaremaa Island in Estonia. With the Baltic Sea joining the North Sea as an area of rapid expansion for the offshore wind industry, building these highly rated CTVs in the region increases availability to both the Baltic region and other European markets. It also brings Damen closer to its customers in North-Eastern Europe.

U.S. ethane exports set a monthly record in March 2023

AJOT Newsroom | June 14, 2023 | Energy

U.S. ethane exports averaged 537,000 barrels per day (b/d) in March 2023, an all-time high since the United States began exporting ethane nearly a decade ago, according to our May 2023 Petroleum Supply Monthly. Increased export capacity in recent years has allowed more ethane to be exported.

Energy

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