Energy

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

GE’s forecast misses estimates ahead of historic breakup

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Fuel tanker rates are soaring on Red Sea disruption

Bloomberg | January 22, 2024 | Energy | Maritime | Bulk

The cost of transporting fuels on key trade routes is soaring as attacks on Red Sea shipping ripple out into global markets.

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Official opening of NYK-Line’s full mission bridge simulator in Akita advances Offshore Wind Training Centre

In a landmark agreement signed in December 2022, Nippon Yusen Kaisha (NYK-Line) partnered with Damen Services to introduce an advanced full mission bridge simulator tailored for offshore wind operations. The simulator, built in cooperation with maritime simulation leader VSTEP Simulation, achieved a critical milestone with the successful completion of Factory Acceptance Testing (FAT) in October.

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Fewer markets are importing Russia’s coal

AJOT | January 22, 2024 | Energy

Russia’s reliance on four, mainly Asian, countries to import its coal has increased since some countries implemented sanctions against Russia after it invaded Ukraine, according to Global Trade Tracker data.

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Climate test for natural gas exports splits White House advisers

Bloomberg | January 22, 2024 | Energy

President Joe Biden’s top advisers are divided over how much to ramp up environmental scrutiny of licenses to ship natural gas abroad as companies and industry groups warn it could slow development of new export terminals, according to people familiar with the matter.

Industry-wide ‘beta-testing’ of SIRE 2.0 inspections begins

AJOT | January 22, 2024 | Energy

Drone attacks menace Russia’s key route for exporting oil

Bloomberg | January 22, 2024 | Energy

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China is outpacing the EU in clean-energy research, study finds

Bloomberg | January 22, 2024 | Energy | Alternative

China has overtaken the European Union in research related to clean-energy technologies, according to a study done for the bloc’s executive arm, creating a challenge for its green-tech ambitions.

Russia becomes top China oil supplier for first time since 2018

Bloomberg | January 22, 2024 | Energy

US to ban Pentagon battery purchases from China’s CATL, BYD

Energy

Bloomberg | Top Story | January 22, 2024

US to ban Pentagon battery purchases from China’s CATL, BYD

US lawmakers have banned the Defense Department from buying batteries produced by China’s biggest manufacturers, furthering efforts in Washington to decouple the Pentagon’s supply chain from its geopolitical rival.

The oil market is making plans for Red Sea chaos to last weeks

Bloomberg | January 20, 2024 | Energy

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Biden urged to keep LNG exports flowing to help kill off coal

Bloomberg | January 20, 2024 | Energy

Natural gas producers and pipeline companies are warning the Biden administration against any move to pause US liquefied natural gas export approvals, saying it would squander the climate benefits of replacing dirtier coal-fired power worldwide.

Europe’s climate push fails to stem crisis in solar industry

Bloomberg | January 20, 2024 | Energy | Alternative

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Solar panel maker slumps as loss may force German plant shutdown

Swiss solar panel maker Meyer Burger Technology AG slumped as much as 47%, after saying it may shut one of Europe’s largest production sites and switch its focus to the US.