Energy

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

Orsted replaces CEO as offshore wind industry struggles

Reuters | January 31, 2025 | Energy | Alternative

Orsted Chief Executive Mads Nipper will step down to be replaced by company insider Rasmus Errboe, the world's biggest offshore wind developer said on Friday, as it seeks to arrest an 83% slump in its share price since its 2021 peak.

Japan weighs Alaska LNG pipeline pledge to win Trump’s favour

Reuters | January 31, 2025 | Energy

Japan is considering offering support for a $44 billion gas pipeline in Alaska as it seeks to court U.S. President Donald Trump and forestall potential trade friction, according to three officials familiar with the matter.

Power-boosting project for US grid to miss July deadline

Reuters | January 31, 2025 | Energy

U.S. grid operators are asking regulators for more time to meet a federal order to upgrade existing transmission lines with equipment that can boost their capacity up to 40%, according to a Reuters review of regulatory documents.

Chevron misses earnings estimate as refining posts first loss in four years

Reuters | January 31, 2025 | Energy

Chevron Corp reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins pushed its refining business into a loss for the first time since 2020, sending its shares down more than 2%.

Phillips 66 reports smaller-than-expected fourth quarter loss

Reuters | January 31, 2025 | Energy

Refiner Phillips 66 reported a smaller-than-expected loss on Friday.

US Treasury Department withdraws from global regulatory climate change group

Reuters | January 31, 2025 | Energy | Alternative

India’s lower coal imports mean bad news for power emissions: Maguire

Reuters | January 31, 2025 | Energy | International Trade | Commodity

India lowered imports of thermal coal by over 5.5 million tons in 2024 from the year before, according to data from Kpler, which may seem like good news to climate trackers monitoring trends in the world's second-largest coal consumer.

Exxon beats Q4 estimates with higher Permian, Guyana output

Reuters | January 31, 2025 | Energy

Exxon Mobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.

WIND Group announces Renier van den Bichelaer as new COO

AJOT | January 31, 2025 | Energy | Alternative

WIND Group is pleased to announce the appointment of Renier van den Bichelaer as its new Chief Operating Officer (COO), effective 1 February 2025. Renier will also join the WIND Group management board.

IEA comes under pressure from former oil market chief to cut energy transition focus

Reuters | January 30, 2025 | Energy

Global energy transition investment exceeded $2 trln last year, report shows

Reuters | January 30, 2025 | Energy | Alternative

Maritime shipping bunkered slightly less fuel in Rotterdam in 2024, but demand for LNG rose by 52 percent

AJOT | January 30, 2025 | Energy | Ports & Terminals

Last year, maritime shipping bunkered 9.8 million tons of fuel in Rotterdam, a moderate decrease from 9.9 million tons in 2023.

Efen, Wilson Sons, Port of Açu, and Vast to conduct first HVO testing in Brazil’s maritime sector

U.S. nuclear generators import nearly all the uranium concentrate they use

In 2023, U.S. nuclear generators used 32 million pounds of imported uranium concentrate (U3O8) and only 0.05 million pounds of domestically produced U3O8.

Nuclear revival puts uranium back in the critical spotlight: Andy Home

Reuters | January 30, 2025 | Energy | Alternative

Baker Hughes enters supply agreement with Venture Global

Reuters | January 30, 2025 | Energy

Oilfield services provider Baker Hughes said on Thursday it has signed an agreement with Venture Global to support its liquefied natural gas (LNG) projects in the United States with technology and equipment.

Valero Energy beats quarterly profit estimates on lower costs

Reuters | January 30, 2025 | Energy

J.B. Hunt launches solar facility in Gentry, AR

AJOT | January 29, 2025 | Energy | Alternative | Green Shipping

Will offset as much as 80% of main campus building power usage

US solar group seeks major energy storage expansion

Reuters | January 29, 2025 | Energy | Alternative

A U.S. solar industry group on Wednesday unveiled an aggressive goal to deploy vast amounts of energy storage capacity by 2030 to help renewables serve power-hungry customers.

Spain’s Moeve set to start work on green hydrogen plant this year

Reuters | January 29, 2025 | Energy | Alternative

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