Energy

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

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%.

Global gas prices fall further on limited downstream demand - Rystad Energy’s Gas and LNG Market Update

AJOT Newsroom | May 31, 2023 | Energy

Natural gas and LNG prices are falling again on muted demand and high inventories in Asia and Europe.

Turkmenistan in talks with US to tackle giant methane leaks

Bloomberg | May 31, 2023 | Energy | Green Shipping

Vietnam starts firing up idled solar plants to ease power crunch

Bloomberg | May 31, 2023 | Energy | Alternative

Cape May County Board of County Commissioners pass resolution opposing Orsted wind projects

AJOT Newsroom | May 30, 2023 | Energy | Alternative | Green Shipping

Europe’s unwanted coal heads to China and India as heat builds

Bloomberg | May 30, 2023 | Energy | Logistics

Russian oil flows stay high three months into pledged output cut

Bloomberg | May 30, 2023 | Energy

Mercuria enters Suez Canal refueling as Egypt opens market

Bloomberg | May 30, 2023 | Energy | Ports & Terminals | Canal and Waterway

Nigeria’s $10 billion fuel subsidies are ‘gone,’ Tinubu says

Bloomberg | May 29, 2023 | Energy

Plunging LNG prices have traders bracing for US export cancellations

Bloomberg | May 28, 2023 | Energy

Energy

AJOT Newsroom | May 25, 2023

Orsted to acquire Eversource share of uncontracted offshore wind seabed and key Northeast operational assets

Ørsted to fully own seabed with up to 4 GW of capacity and fully own strategic O&M contracts; Acquisition further strengthens Ørsted’s offshore wind energy position in the Northeast

Asian spot prices recover, European prices continue to fall - Rystad Energy’s Gas and LNG Market Update

AJOT Newsroom | May 25, 2023 | Energy

After tracking downwards for months, LNG prices have rebounded with some traders and oil majors purchasing LNG in Asia, making the market more attractive for those with LNG from the US.

U.S. Department of Energy launches new energy Earthshot to decarbonize transportation and industrial sectors through clean carbon sources

AJOT Newsroom | May 25, 2023 | Energy | Alternative | Green Shipping

U.S. gasoline prices are down from 2022 heading into Memorial Day weekend

AJOT Newsroom | May 25, 2023 | Energy

The retail price for regular-grade gasoline in the United States on May 22, the Monday before Memorial Day weekend, averaged $3.53 per gallon (gal), 26% (or $1.24/gal) lower than the inflation-adjusted price a year ago. Memorial Day gasoline prices last year were the highest since 2012.

Europe is successfully replacing its lost Russian diesel supply

Bloomberg | May 25, 2023 | Energy

First American-built offshore wind substation complete; journey now underway from Texas port up East Coast to South Fork Wind project site

350+ U.S. workers across Texas and Kansas supported build of offshore substation

Key Russian fuel finds its way back to buyers in South Korea

Bloomberg | May 25, 2023 | Energy

Alfa Laval advances fuel transition with FCM Methanol for four pioneering methanol-fuelled vessels

Alfa Laval is at the forefront of the marine industry's fuel transition with its methanol solutions, knowledge and experience. The pioneering methanol-driven project for a Chinese shipowner involves installation of Alfa Laval's FCM Methanol-the low-flashpoint fuel supply system (LFSS), on board four of its vessels.

Saudi Arabia snaps up Russian diesel and sends its own to Europe

Bloomberg | May 25, 2023 | Energy

Hydrogen hype is raging but can’t lure investment to Europe

Bloomberg | May 25, 2023 | Energy | Alternative | Green Shipping

As Europe seeks to exit fossil fuels, a relatively unproven alternative is forming the backbone of its clean-energy plans — but failing to convince investors.

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