Energy

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

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.

Argentina to restrict FX access for oil companies’ imports

Bloomberg | May 24, 2023 | Energy

Biden taps Energy Department to find climate-friendly alternatives for jet, shipping fuels

Bloomberg | May 24, 2023 | Energy | Alternative | Green Shipping

EIA explores effects of liquefied natural gas exports on the U.S. natural gas market

AJOT Newsroom | May 24, 2023 | Energy

In the EIA’s Issues in Focus: Effects of Liquefied Natural Gas Exports on the U.S. Natural Gas Market supplement to their Annual Energy Outlook 2023 (AEO2023), they find that the volumes of liquefied natural gas exports (LNG) do affect average U.S. natural gas prices.

Ørsted opens a new era in green shipping by breaking ground on Europe’s largest e-methanol project

At an event in Örnsköldsvik in Northern Sweden, Ørsted broke ground on Europe’s largest e-methanol project, FlagshipONE.

The Pentagon is helping bring the baby nuclear industry to life

Bloomberg | May 24, 2023 | Energy | Alternative | Green Shipping

The first small modular reactor commissioned by the Defense Department could roll off the assembly line of a Virginia-based factory in just two years.

Emerging lithium supplier Argentina says it’s close to US deal under IRA

The world’s fastest-growing lithium producer says it could soon gain access to the US market.

U.S. Department of Energy announces nearly $60 million to advance clean hydrogen technologies and improve the electric power grid

AJOT Newsroom | May 22, 2023 | Energy | Alternative | Green Shipping

LATAM Cargo, Kuehne+Nagel and Elite Flower invest in sustainable aviation fuel (SAF) on Mother’s Day

EIA expects lower crude oil prices for the second half of 2023 and for 2024

AJOT Newsroom | May 22, 2023 | Energy

The EIA has lowered its crude oil price forecast for the rest of 2023 and for 2024 in its May Short-Term Energy Outlook (STEO) because of relatively rapid declines in the crude oil price since April. Between April 12, 2023, and May 4, 2023, the Brent crude oil price fell $16 per barrel (b) to $73/b; the West Texas Intermediate crude oil price fell $15/b to $69/b.

Russia uses less crude at home but high exports cast doubt on cuts

Bloomberg | May 22, 2023 | Energy

Hedge funds’ ultra-bearish oil bets signal US recession angst

Bloomberg | May 20, 2023 | Energy

Energy

Bloomberg | May 19, 2023

China ramps up safety checks on old ships as dark fleet grows

A major port in China is stepping up checks on older vessels, snarling some cargoes and highlighting concerns around the steady expansion of a fleet of aging ships ferrying Russian oil around the globe.

UAE’s top oil producer Adnoc explores introducing new heavier crude grade

Bloomberg | May 19, 2023 | Energy | Conventional

EV battery-swapping could help solve the US charging problem

San Francisco’s Ample lets drivers get a fully charged electric car battery in minutes, while sparing cities the expense of installing fast charging stations.

Texas and New Mexico led U.S. crude oil production in 2022

AJOT Newsroom | May 18, 2023 | Energy

U.S. crude oil production grew 5.6%, or 0.6 million barrels per day (b/d), in 2022 compared with 2021, averaging 11.9 million b/d according to our Monthly Crude Oil and Natural Gas Production report. The two states the Permian Basin spans—Texas and New Mexico—contributed the most growth to U.S. crude oil production in 2022.

Neste bets on global green fuel future with bigger Asian plant

Neste Oyj plans to supply renewable diesel and sustainable aviation fuel to regions across the world from its expanded refinery in Singapore, as global green ambitions drive up demand.

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