Energy

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

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Brin-backed carbon removal startup nears firing up its new plant

Bloomberg | April 29, 2024 | Energy | Alternative | Green Shipping

280 Earth CEO John Pimentel will appear at Bloomberg Green Festival in July. In his first comments since taking over, he explains why he’s aiming for a moonshot.

Skanska awarded contract to develop offshore wind port at South Brooklyn Marine Terminal

Energy

AJOT | Top Story | April 29, 2024

Skanska awarded contract to develop offshore wind port at South Brooklyn Marine Terminal

Skanska, a leading global construction and development firm, has announced a contract award worth $861 million to transform the 73-acre South Brooklyn Marine Terminal (SBMT) into one of the nation’s largest dedicated offshore wind ports.

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Deal time: Global upstream opportunities valued at $150 billion expected to fuel M&A activity in 2024 /Rystad Energy

AJOT | April 29, 2024 | Energy

After the biggest first quarter for global upstream dealmaking in five years, the industry could see another $150 billion of merger and acquisition (M&A) deals in the remainder of 2024.

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U.S. energy-related CO2 emissions decreased by 3% in 2023

AJOT | April 29, 2024 | Energy

Based on analysis in our most recent U.S. Energy-Related Carbon Dioxide Emissions report, U.S. energy-related CO2 emissions decreased by 3%, about 134 million metric tons (MMmt), in 2023.

Key insurer says Russia oil price cap increasingly unenforceable

Bloomberg | April 29, 2024 | Energy

PetroChina profit rises as economic recovery remains uneven

Bloomberg | April 29, 2024 | Energy

Next US LNG export plant aims to begin production in mid-2024

Bloomberg | April 29, 2024 | Energy

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Sanctioned tankers giant passage to India is test case for oil

Bloomberg | April 26, 2024 | Energy | Maritime | Bulk

A vessel owned by sanctioned Russian tanker giant PJSC Sovcomflot is heading to India, a signal that flows using the state-owned company’s fleet to the key Asian market may be resuming after a pause...

Adnoc buys Iraqi oil in plan to export its own more pricey crude

Bloomberg | April 26, 2024 | Energy

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Today in Energy: U.S. natural gas-fired electricity generation consistently increased in 2022 and 2023

AJOT | April 26, 2024 | Energy

Electricity generation from units that primarily consume natural gas in the U.S. Lower 48 states has increased for all hours of the day since 2021, according to data reported on Form EIA-930, Hourly and Daily Balancing Authority Operations Report...

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Tanker - Weekly Market Monitor - Week 17

AJOT | April 26, 2024 | Energy | Maritime | By The Numbers

Chart of the Week: VLCC AG-Far East tonne days. A downward revision in the growth of VLCC tonne days from AG to the Far East from March onwards...

Surveying the world’s path from fossil fuels to clean energy

Bloomberg | April 26, 2024 | Energy | Alternative

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IAG Cargo transitions 160-truck fleet at London Heathrow to hydrotreated vegetable oil

IAG Cargo, the cargo division of International Airlines Group (IAG), has completed a transition from diesel to hydrotreated vegetable oil (HVO) for its 160-strong ground vehicle fleet at London Heathrow.

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Mild bullish skew as northern summer approaches - Rystad Energy’s Gas and LNG Market Update

AJOT | April 25, 2024 | Energy

"April brought fleeting peaks as tensions flared between Iran and Israel, nudging Asian spot prices to $10.44 per MMBtu.  Yet, with the threat receding, so too did prices, settling at $9.2 per MMBtu.

China pays less for Venezuelan oil after US reimposes sanctions

Bloomberg | April 25, 2024 | Energy

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Low U.S. distillate consumption reflects slow economic activity and biofuel substitution

AJOT | April 25, 2024 | Energy

U.S. distillate consumption so far this year is lower than usual because of warm winter weather, reduced manufacturing activity, and continued substitution of biofuels in place of petroleum distillate on the U.S. West Coast (PADD 5).