Energy

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

India’s crude imports from Russia fall to cheapest since war

Bloomberg | May 02, 2023 | Energy

ATA statement on California’s electric-truck fleet mandate

Tera Shipping contribute to Shell Timi Project in Labuan

AJOT Newsroom | May 01, 2023 | Energy | Project / Heavy Lift | Maritime Project

Tera Shipping, Project Cargo Network members from Malaysia, were recently appointed to deliver a pedestal crane along with its accessories to Labuan for Shell's Timi Project.

A mild winter reduced withdrawals from natural gas storage in the U.S. South Central

AJOT Newsroom | May 01, 2023 | Energy

During this past winter heating season (Nov 1–Mar 31), the amount of natural gas withdrawn from underground storage in the U.S. South Central storage region was among the least on record, at 239 billion cubic feet (Bcf), according to our Weekly Natural Gas Storage Report.

ANGI Energy Systems boosts global leadership team with two key appointments in Alternative Fuels division

ANGI Energy Systems has bolstered its global leadership team with two key strategic appointments. Joel van Rensburg becomes President of Alternative Fuels and Danny Seals steps up to the position of General Manager, Hydrogen.

Chevron CEO says Venezuela oil output could rise 50% this year

Bloomberg | April 29, 2023 | Energy | International Trade

Biden’s pause on solar tariffs up to 254% overturned in House

Bloomberg | April 28, 2023 | Energy | Alternative | Green Shipping

The House voted Friday to reinstate debilitating solar tariffs as high as 254% in a decision closely watched by the industry amid a veto threat for the measure from the White House.

Baseblue Conference explores the future of Bunkering and Alternative Fuels

AJOT Newsroom | April 28, 2023 | Energy | Alternative

Baseblue recently hosted a successful conference titled "The Future of Bunkering 2023 and Beyond" as part of the 10th East Med Expo.

Modine launches new EVantage™ fuel cell stack cooling package for commercial zero-emission vehicles

AJOT Newsroom | April 28, 2023 | Energy | Alternative | Green Shipping

Robots help ‘smart mines’ drive China’s coal build-out

Bloomberg | April 28, 2023 | Energy

Deep beneath the earth’s surface in a remote corner of northern China, a mechanical monster comes to life. Two massive discs armed with dozens of metallic teeth begin spinning against a solid wall, spraying dust and shiny black chunks of coal.

Flux Power renews $14 Million credit facility with First Citizens Bank

AJOT Newsroom | April 28, 2023 | Energy

Biden-Harris Administration opens applications for first year of $400M competitive grant program to reduce truck air pollution at America’s ports

The U.S. Department of Transportation’s Federal Highway Administration today opened applications for the first round of a new $400 million grant program under President Biden’s Bipartisan Infrastructure Law that focuses on port electrification and efficiency improvements.

Valenciaport becomes the first port in the world to operate hydrogen-powered 4x4 trucks at its terminals

• Today, the hydrogen-powered truck cab or tractor head started operating at the Grimaldi terminal under the supervision of the H2PORTS project team of inspectors • Valenciaport becomes the first port in the world to operate this hydrogen-powered 4x4 harbour machine • The 4x4 tractor powered by green hydrogen has carried out several tests at the Valencia Terminal Europa facilities of the Grimaldi Group • Joan Calabuig, President of the Port Authority of Valencia (PAV): "The Port of Valencia is at the forefront in Europe and the world when it comes to introducing hydrogen technology as a central element of mobility" • The world's first hydrogen-powered RORO 4x4 tractor, developed by ATENA, with the support of ENEA and the Parthenope University of Naples • The four-wheel drive truck cab is part of the H2PORTS project, an initiative that makes the Port of Valencia the first port to incorporate hydrogen technologies to reduce the environmental impact of its operations

Toro Corp. announces the en bloc acquisition of four LPG vessels

AJOT Newsroom | April 27, 2023 | Energy | Maritime | Bulk

Toro Corp., (“Toro,” or the “Company”), an international energy transportation services company, announces that on April 26, 2023, the Company, through four wholly owned subsidiaries, entered into agreements with an unaffiliated third-party to acquire three 2015 Japanese-built 5,000 cbm LPG vessels and one 2020 Japanese-built 5,000 cbm LPG vessel. The aggregate purchase price for the four LPG vessels is $70.7 million.

Energy

Bloomberg | April 27, 2023

Senate votes to overturn Biden’s anti-smog rules for big rigs

The Senate voted to overturn President Joe Biden’s pollution limits for big rigs that Republicans said were too aggressive, but were heralded by environmentalists as long overdue.

Hyster named a finalist in World Hydrogen Awards for world’s first top-pick container handler powered by hydrogen fuel cells

Hyster Company announces its selection by the Sustainable Energy Council (SEC) as one of four finalists in the industrial application category of the World Hydrogen 2023 Awards, presented to a company that has made positive contributions to the use of hydrogen and its industrial application over the previous year.

Energy

Bloomberg | April 27, 2023

Shipping has largely relied on one fuel. It now needs many

Shipowners and operators know they must decarbonize, but the industry must be ready to handle not one but many alternatives to petroleum products – from liquefied natural gas to nuclear.

Europe battles flood of green fuel suspected to be fraudulent

Bloomberg | April 27, 2023 | Energy | Alternative | Green Shipping

Europe’s push for more green fuel has helped build an industry in China that collects, recycles and ships waste such as used cooking oil. But a flood of biofuel is now threatening European producers and sparking fears about fraudulent exports.

Maran Dry’s first LNG-fueled Newcastlemaxes delivered with DNV Class

AJOT Newsroom | April 27, 2023 | Energy | Maritime | Breakbulk News

Maran Dry Management Inc. (MDM), the dry bulk shipping arm of the Angelicoussis Group, recently took delivery of two Newcastlemax bulk carriers, Ubuntu Unity on February 28th and Ubuntu Community on April 18th - both from Shanghai Waigaoqiao Ship Building Co., Ltd. (SWS). The two DNV-classed vessels are the first LNG-fueled bulk carriers to join the MDM fleet.

Energy

Bloomberg | April 27, 2023

Hyundai Motor, SK on plan $5 billion EV battery plant in US

Hyundai Motor Group and SK On Co. will spend as much as $5 billion in North America for the production of electric car batteries as President Biden’s green bill encourages companies along the EV supply chain to make investments there. Shares rose as much as 5% in Seoul.

Energy

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