Energy

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

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Tycoon sees $3.5 billion investments in Namibia green hydrogen

Cie Maritime Belge SA, a Belgian shipping company, expects green hydrogen production in Namibia to start in the fourth quarter, a project that could see $3.5 billion in investment over the next five years.

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Daimler CEO calls missing electric truck chargers a top concern

Daimler Truck’s Martin Daum says the US and Europe must speed up the buildout of charging infrastructure.

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Amazon, BP counter push to repeal Washington climate law

Bloomberg | May 02, 2024 | Energy | Green Shipping

A ballot initiative would nix a program that compels big emitters to pay for their pollution, as opponents blame it for driving up fuel costs.

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European steel mills waver on decarbonization despite promise of public funding/ Rystad Energy

AJOT | May 02, 2024 | Energy

As the energy transition continues at pace, reducing the carbon footprint of traditionally high-emitting industries is increasingly crucial to limiting global emissions.

Pemex reveals $380 million in fuel sales to crisis-hit Cuba

Bloomberg | May 02, 2024 | Energy

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Cleanergy Solutions Namibia hosts distinguished guests: H.M. the King of the Belgians and H.E. President of the Republic of Namibia

Cleanergy Solutions Namibia, a joint venture between CMB.TECH and the Ohlthaver & List (O&L) Group, hosted the Cleanergy Green Hydrogen progress showcase at the plant’s site in Walvis Bay, Namibia, under the guidance of His Majesty, the King of the Belgians and H.E. Dr Nangolo Mbumba, President of the Republic of Namibia.

India top refiner resumes trade on Russian Sovcomflot ships

Bloomberg | May 02, 2024 | Energy | Maritime | Bulk

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Port of Antwerp to build €250 million Namibia hydrogen harbor

Bloomberg | May 02, 2024 | Energy | Alternative | Ports & Terminals

Port of Antwerp Bruges plans to develop a €250 million hydrogen and ammonia storage and export facility at the Namibian Port of Walvis Bay, together with the African nation’s state logistics firm.

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Warm weather stoking increased demand considerations - Rystad Energy’s Gas and LNG Market Update

AJOT | May 02, 2024 | Energy

Following a period of uncertainty in global gas and liquefied natural gas (LNG) markets, prices have appeared to reflect a return to fundamentals.

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Japan’s energy policies aim for increased zero-carbon electricity generation

AJOT | May 02, 2024 | Energy | Alternative

Over the last several years, the Japanese government has announced energy policies aimed to achieve carbon neutrality, or net-zero greenhouse gas (GHG) emissions, by 2050 by lowering emissions in the electric power, industrial, and transportation sectors.

Savage acquires Texon - strengthens its position in the midstream energy space

AJOT | May 01, 2024 | Energy

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Tanker orders increase 32% year-on-year

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

Tanker ordering levels have increased during the first few months of 2024. So far this year, 104 Tankers have been added to the global orderbook, up from 79 for the same period last year, representing a year-on-year increase of c.32%.

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Anemoi welcomes Horndahl as new Commercial Director

Anemoi Marine Technologies Ltd – a global leader in wind-assisted propulsion technology for commercial vessels – has announced the appointment of Claes Horndahl as their new Commercial Director.

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Plant Vogtle Unit 4 begins commercial operation

AJOT | May 01, 2024 | Energy

Georgia Power announced this week that the 1,114-megawatt (MW) Unit 4 nuclear power reactor at Plant Vogtle near Waynesboro, Georgia, entered into commercial operation after connecting to the power grid in March 2024.

Biden paves way for US corn to profit from green jet fuel

Air Cargo

Bloomberg | Top Story | May 01, 2024

Biden paves way for US corn to profit from green jet fuel

President Joe Biden’s administration issued long-awaited guidance on the production of green jet fuel, paving the way for US corn ethanol producers to profit from the new market.

Senate passes Russian uranium import ban, sending to Biden

Energy

Bloomberg | Top Story | May 01, 2024

Senate passes Russian uranium import ban, sending to Biden

The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the measure to the White House which has said it supports efforts to block the Kremlin’s shipments of the reactor fuel.

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Union Pacific testing first-of-its-kind hybrid locomotive

The first of six cutting-edge hybrid battery-electric locomotives designed and built by Union Pacific Railroad and its partner ZTR, a leading rail technology company, will undergo extensive testing next month in a Union Pacific facility and rail yard.