Energy

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

Biden costs EV makers some customers until the US builds more batteries

While rules aimed at decoupling supply chains from China will take time to meet, the Inflation Reduction Act offers plenty attractive perks.

Port of Corpus Christi sees record tonnage in first quarter 2023

AJOT Newsroom | April 18, 2023 | Energy | Ports & Terminals

Amogy and Marco Polo Marine unveil collaboration to develop zero-emission solution for Marco Polo Marine’s offshore wind fleet

Only 10 electric vehicles qualify for full $7,500 US tax credit

Only 10 electric and plug-in hybrid vehicles will qualify for $7,500 federal tax credits in the US after stricter battery-sourcing rules take effect and render most plug-in models ineligible.

Fuel that powers the global economy is flashing recession signs

Bloomberg | April 17, 2023 | Energy | Trucking

Signs of an economic slowdown are flashing in the global diesel market.

Svanehøj acquires US-based LNG specialist

AJOT Newsroom | April 17, 2023 | Energy

Framo wins OTC Spotlight on new technology award

AJOT Newsroom | April 17, 2023 | Energy | Alternative | Green Shipping

The Offshore Technology Conference (OTC) has recognized Framo’s Submerged Turbine technology with its Spotlight on New Technology award. The award will be presented on May 1 at this year’s conference held in Houston, Texas. The Framo Submerged Turbine is designed to increase the efficiency of the cooling water system used on offshore installations by as much as 20 to 30 percent. It also lowers CO2 emissions created in the system by up to 3000 – 5000 tonnes per year.

Pennsylvania natural gas production changed little in 2022

AJOT Newsroom | April 17, 2023 | Energy

In 2022, Pennsylvania accounted for 19% of U.S. marketed natural gas production, with more natural gas produced than in any other state except Texas. Marketed natural gas production in Pennsylvania fell slightly by 2% to average 20.5 billion cubic feet per day (Bcf/d) in 2022 after reaching an annual high of 20.9 Bcf/d in 2021, according to our Natural Gas Monthly.

Battery-hybrid collaboration puts Solstad Offshore firmly on path towards net zero

Hybridization has emerged as one of the key strategies to address the environmental challenges facing the shipping industry. What can we learn from shipowners who invested heavily as first movers in this propulsion revolution, at a time when its viability was still up for debate? What results can they show, and where do they stand competitively today?

California offshore wind farms will create massive new economic development at ports

The State of California proposes to build 25 gigawatts of offshore wind energy by 2045 requiring nearly 1,700 new wind turbines, built at a rate of 92 floating turbines per year, and the Humboldt Bay Harbor District in Northern California wants to be the manufacturing center.

Svitzer and Caterpillar sign MOU to implement methanol dual fuel solutions to power Svitzer newbuilds and convert existing tugs

Exxon units declare force majeure on Nigerian oil exports

Bloomberg | April 17, 2023 | Energy

Cape Verde becomes the latest location for Russian oil switching

Bloomberg | April 17, 2023 | Energy | Maritime | Bulk

OPEC may hit Russian oil exports to India, driving up prices

AJOT Newsroom | April 15, 2023 | Energy

The push by OPEC and its partners to raise oil prices is rising Russian crude, raising concerns among Indian banks that shipments may surpass the USD 60-per-barrel mark...

U.S. natural gas consumption reached multiyear lows this past January and February

AJOT Newsroom | April 14, 2023 | Energy

Mild winter temperatures and reduced natural gas consumption in the residential and commercial sectors drove down overall U.S. natural gas consumption this past January and February, according to our Short-Term Energy Outlook (STEO).

Wilson Sons dry-docks TechnipFMC vessel at its shipyard in Guarujá which is in the Port of Santos

Preventive maintenance of crane vessel Cábrea Vitória, executed every five years, involved 100 company employees

BlueNord and Semco in strategic partnership

AJOT Newsroom | April 14, 2023 | Energy | Alternative

The Norwegian energy company BlueNord, formerly known as Noreco, has entered into a strategic partnership agreement with the engineering and construction company Semco Maritime in order to...

French strikes slow the recovery from Europe’s energy crisis

Bloomberg | April 14, 2023 | Energy | Alternative

Europe survived the most perilous stretch of its energy crisis without significant supply disruptions. Then workers in France went on strike, roiling activities from ports to power plants.