Energy

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

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Sustainable jet fuel supply crunch endangers airlines’ climate targets

A lack of supply and high costs are making it challenging for airlines to source and use lower-carbon fuels, Cathay Pacific’s head of procurement said.

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Red Sea attacks increase shipping times and freight rates

AJOT | February 01, 2024 | Energy | Maritime | Bulk

After the attacks began in November, flows of oil, refined products, and natural gas passing through the Bab el-Mandeb Strait slowed. About 18% less crude oil flowed through the Bab el-Mandeb in December than on average from January to November 2023.

Energos Infrastructure appoints industry veteran Blackwell as CCO

AJOT | February 01, 2024 | Energy | People | Appointments

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Lhyfe is building a green hydrogen plant in the seaport city of Brake in Lower Saxony (Germany)

AJOT | February 01, 2024 | Energy | Alternative | Green Shipping

• Construction work has started • Production of up to four tonnes of green and renewable hydrogen per day • Potential offtakers to include regional industrial and mobility companies

Victoria Steamship Co. to support the development of a new rotor sail design

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New e-fuels project to make international shipping climate neutral

Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where companies and researchers from Europe will develop and convert a bulk carrier to sail on climate-neutral fuels and green power.

Lhyfe and SAF+ International Group sign a MoU to produce e-SAF from green and renewable hydrogen

Saudis boost North Red Sea oil exports to avoid chaos in South

Bloomberg | February 01, 2024 | Energy

Russian oil enters US through Bahamas blending loophole

Bloomberg | February 01, 2024 | Energy

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Electric vehicles and hybrids surpass 16% of total 2023 U.S. light-duty vehicle sales

AJOT | January 31, 2024 | Energy | Alternative | Green Shipping

Combined sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEV) in the United States rose to 16.3% of total new light-duty vehicle (LDV) sales in 2023, according to data from Wards Intelligence. In 2022, hybrid, plug-in hybrid, and BEV sales were 12.9% of total sales.

Russian fuel exports reverse earlier slump to hit six-week high

Bloomberg | January 31, 2024 | Energy

Oil sanctions are deepening Russian crude discounts, Novak says

Bloomberg | January 31, 2024 | Energy

The price of diesel in Europe is being boosted by Red Sea shipping chaos

Bloomberg | January 31, 2024 | Energy | Logistics | Maritime

Venezuelan oil output to fall 30% under renewed US sanctions

Bloomberg | January 30, 2024 | Energy

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Nigeria’s mega refinery Dangote turns to US oil

Bloomberg | January 30, 2024 | Energy

Nigeria’s giant new oil refinery Dangote, the largest in Africa, is set to import crude from the US in the coming months, a sign of just how competitive American barrels have become in the global market.

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Texas oil regulators ask state to sue EPA over methane rule

Bloomberg | January 30, 2024 | Energy | Green Shipping

Texas regulators on Tuesday formally asked the state’s attorney general to challenge the Biden Administration’s rule that seeks to lower emissions from the oil and gas sector.

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Projected zero-carbon electricity growth highly dependent on cost in parts of Asia

AJOT | January 30, 2024 | Energy

We project low zero-carbon technology costs will drive substantial growth in zero-carbon electricity capacity and generation and limit growth in fossil fuel-fired generation in parts of Asia between 2030 and 2050 in our International Energy Outlook 2023 (IEO2023).