Energy

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

Oil giant Shell plans to exit Pakistan after 75 years

Bloomberg | June 14, 2023 | Energy

How China’s sputtering recovery is hurting crude oil prices

Bloomberg | June 14, 2023 | Energy

World Fuel Services to begin bunkering operations in Jamaica with Scott Petroleum

World Fuel Services will establish new bunkering services in Jamaica, working with Scott Petroleum, a leading distributor of petroleum products and services throughout the Caribbean.

Next step towards sustainable air freight: DHL Global Forwarding partners with IAG Cargo to enable sustainable aviation fuel

• DHL Global Forwarding and IAG Cargo sign a contract for the purchase of 11.5 million liters of Sustainable Aviation Fuel (SAF) emissions reductions. • SAF are a crucial part of DHL’s GoGreen Plus service, allowing DHL and their customers to guarantee more sustainable supply chains.

Oil pipelines hike rates by a record as ‘red hot’ inflation bites

Bloomberg | June 13, 2023 | Energy

Biden-Harris Administration announces $192 million to advance battery recycling technology

AJOT Newsroom | June 13, 2023 | Energy | Alternative | Green Shipping

President Biden’s Investing in America Agenda invests in R&D to lower costs of consumer battery recycling that will support a strong domestic critical materials supply chain

Natural gas production in the Permian region established a new record in 2022

AJOT Newsroom | June 13, 2023 | Energy

Gross natural gas withdrawals in the Permian region set an annual record high in 2022 at 21.0 billion cubic feet per day (Bcf/d), 14% above the 2021 average, according to our Drilling Productivity Report.

UK’s tumbling LNG imports cut its price advantage to Europe

Bloomberg | June 13, 2023 | Energy

Neste enables Cargolux to become the first airline to use sustainable aviation fuel at Luxembourg Airport

Cargolux became the first airline to uplift sustainable aviation fuel (SAF) at Luxembourg Airport with the use of the fuel on a celebratory cargo flight. Neste MY Sustainable Aviation Fuel™ was supplied to the airport’s fuel storage using NATO’s Central European Pipeline System (CEPS) in cooperation with World Fuel Services and supported by Luxembourg Airport.

OCIMF begins phased roll out of new SIRE 2.0 tanker inspection program

AJOT Newsroom | June 13, 2023 | Energy

WinGD enhances fuel-flexible efficiency with “Variable Compression Ratio”

AJOT Newsroom | June 13, 2023 | Energy | Alternative

An engine’s compression ratio is usually a fixed parameter, playing a direct role in power and fuel efficiency...

Russia turns oil tap for North Korea back on as US warns on weapons

Bloomberg | June 13, 2023 | Energy

Arvato has switched to green power worldwide

Important milestone reached in Arvato's climate strategy

Upcoming IMO negotiations: Global campaign cites recent investigations urging countries to leave fossil gas behind

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

Oil traders are daring to defy market kingpin Saudi Arabia

Bloomberg | June 11, 2023 | Energy

US may start unloading oil from seized Iranian vessel, FT says

Bloomberg | June 11, 2023 | Energy

Mitsui O.S.K. lines enters agreement with Delfin to enhance MOL’s offshore and global social infrastructure capability

AJOT Newsroom | June 09, 2023 | Energy

MOL to make a strategic investment in Delfin; join the board of directors

Hyster® trucks to use Rocsys robotic charging

Ahead of TOC Europe 2023, Hyster confirms that Rocsys will provide autonomous charging solutions for selected Hyster® electric port equipment.

Renewable diesel bubble begins to burst as costs spark pullback

The US renewable diesel rush is losing steam as soaring costs eat into profits, prompting the world’s top crop trader and North America’s largest energy company to pull back on planned investments.

KIMM takes the lead in supporting commercialization of environment-friendly hydrogen vessels

• Infrastructure for test and evaluation of ultra-low temperature materials has been established, and relevant services are to be provided - • First institute in the country to offer guidelines for selecting materials suitable for storing liquid hydrogen for vessels

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