Energy

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

Biofuel key to maritime decarbonization, but proliferation challenged by scarce supply, says DNV

AJOT Newsroom | June 05, 2023 | Energy | Alternative | Green Shipping

The largest coal-fired power plant in Pennsylvania will close by July 2023

AJOT Newsroom | June 05, 2023 | Energy

After 54 years of providing power to Pennsylvania and New York, the Homer City Generating Station in Pennsylvania will close by July 2023, according to the plant’s owner. The 1,888 megawatt coal plant began generating electricity in 1969, when Units 1 and 2 entered service. Unit 3 was added in 1977.

War of words that rocked US-Saudi rapport cools as oil steadies

Bloomberg | June 05, 2023 | Energy

Neste supports Rio Tinto U.S. Borax mining site to transition to renewable diesel

“Reducing greenhouse gas emissions from heavy-duty industries, like mining, has been a challenge, but...

Japan gas imports fall to two-decade low on energy savings push

Bloomberg | June 02, 2023 | Energy

PSA BDP launches new Electric Vehicle (EV) battery warehouse in Dunkirk

AJOT Newsroom | June 02, 2023 | Energy | Logistics | Supply Chain

The new specialized installation offers contract logistics to the rapidly growing Auto EV cluster in Northern France

Exxon bets on China chemicals growth even as US relations sour

Bloomberg | June 01, 2023 | Energy

Exxon Mobil Corp. is forging ahead with a multi-billion-dollar petrochemical complex that’s the cornerstone of its growth strategy in China, even as political tensions push other corporations to reassess their exposure there.

China’s natural gas consumption and LNG imports declined in 2022, amid zero-COVID policies

AJOT Newsroom | June 01, 2023 | Energy

In 2022, annual natural gas consumption in China declined by 1%, or 0.4 billion cubic feet per day (Bcf/d), from 2021, according to data from S&P Global Commodity Insights—the first decline in annual consumption since 1990, according to our International Energy Statistics.

Industry-wide survey to gauge awareness and perception of low/zero emission vessels and wind propulsion technology

The International Windship Association has launched a survey for members of the ship owning, ship operating and regulatory community to ascertain current levels of awareness around, and perceptions of, wind propulsion technology and the role it plays in the industry meeting IMO GHG Strategy targets by 2040 and beyond.

Pig-fat fueled flights risk creating surge in palm-oil output

Nikkiso brings its technical expertise to SEA-LNG

AJOT Newsroom | June 01, 2023 | Energy | Maritime

Nikkiso Clean Energy and Industrial Gases (Nikkiso CEIG) is the latest company to join SEA-LNG – the coalition established to demonstrate the commercial and environmental beneﬁts of LNG and the pathway it provides for maritime decarbonisation. Nikkiso supplies equipment, technologies, and engineering services to support the safe operation of LNG as a marine fuel.

Saudi Aramco taps Turkish firms for $50 billion building spree

Bloomberg | June 01, 2023 | Energy | International Trade

China’s swoop on cheap global coal set to drive record imports

Bloomberg | June 01, 2023 | Energy

Europe’s unused coal heads to new shores in post-crisis glut

Bloomberg | June 01, 2023 | Energy

Energy

AJOT Newsroom | May 31, 2023

Tugdock, Crowley partner to innovate solutions for floating offshore wind energy

Crowley has announced a new investment in Tugdock, developers of the world’s first road-transportable floating dry dock known as the Tugdock Submersible Platform (TSP), to help advance offshore wind energy in the U.S.

Argentina’s Vaca Muerta shale patch could produce 1 million bpd in 2030, but hurdles remain

AJOT Newsroom | May 31, 2023 | Energy

Crude oil production from Argentina’s burgeoning shale patch, Vaca Muerta, could surge in the coming years and top 1 million barrels per day (bpd) by the end of the decade – but only if takeaway capacity and rig availability do not limit growth. Rystad Energy’s modeling shows that if production is relatively unimpeded, oil output could realistically grow from 291,000 bpd in February 2023 to more than 1 million bpd in the second half of 2030.

OLT’s regasification capacity increases

AJOT Newsroom | May 31, 2023 | Energy

OLT Offshore LNG Toscana has received authorization to increase its annual regasification capacity from the current 3.75 billion to about 5 billion Standard cubic meters per year.

Indonesia considers limits on LNG exports in new trade curbs

Bloomberg | May 31, 2023 | Energy

U.S. residential electricity bills increased 5% in 2022, after adjusting for inflation

AJOT Newsroom | May 31, 2023 | Energy

In nominal terms, the average monthly electricity bill for residential customers in the United States increased 13% from 2021 to 2022, rising from $121 a month to $137 a month. After adjusting for inflation—which reached 8% in 2022, a 40-year high—electricity bills increased 5%.