Energy

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Number of drilled but uncompleted U.S. wells continues to decline from record in 2020

AJOT | October 07, 2022 | Energy | Conventional | By The Numbers

The decline in DUCs in most major U.S. onshore oil- and natural gas-producing regions indicates that more wells are being completed and fewer new wells are being drilled.

European Gas Prices Ease as Stockpiles and LNG Imports Climb

Bloomberg | October 07, 2022 | Energy | Conventional | By The Numbers

Cepsa completes advanced biofuels shipping trial for the first time in Spain

AJOT | October 06, 2022 | Maritime | Energy | Alternative

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Volvo will supply 20 heavy-duty electric trucks to Amazon

Volvo Trucks will deliver fully electric heavy-duty trucks to Amazon in Germany by year end. The 20 Volvo FH Electric are expected to drive more than one million road kilometres annually, fueled with electricity instead of diesel.

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ERCOT electricity prices vary more with changes in wind power than with electricity demand

AJOT | October 06, 2022 | Energy | Alternative

In the Short-Term Energy Outlook Supplement released on October 4, we analyzed how variability in electricity demand and wind generation affects hourly electricity prices in Texas’s wholesale power market under summer peak-day conditions, when summer electricity demand is highest.

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Performance Team deploys first deliveries of Volvo VNR electric trucks in Southern California

• Electric truck fleet expansion targets customers looking to accelerate decarbonization efforts in their supply chains. • Volvo Trucks is lead partner for Performance Team’s Electric Vehicle (EV) fleet with first deliveries in operation since Q3 2022. • California Air Resources Board (CARB) regulations require diesel trucks to transition to zero emissions by 2030.

Grundfos to reduce emissions with GEODIS’ alternative fuel offering

Mexico’s economy minister resigns amid energy dispute with US

Bloomberg | October 06, 2022 | Energy

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Crowley moves forward on Salem Wind Terminal with land closing

Crowley has completed the purchase of 42 acres in Salem, Massachusetts, the latest milestone toward the development of the state’s second major offshore wind port terminal.

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Biden officials float fuel export limit in meeting with refiners

Bloomberg | October 05, 2022 | Energy

Senior Biden administration officials pressed executives from some of the largest US gasoline producers to curtail overseas sales during a tense meeting Friday afternoon, suggesting that without voluntary action, the government could force the industry to stockpile more fuel in US tanks.

MOL signs LNG carrier charter contract for Sakhalin II project

AJOT | October 05, 2022 | Maritime | Bulk | Energy

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Alfa Laval to be a technology partner for the world´s first project to demonstrate end-to-end shipboard carbon capture at scale

Alfa Laval will be a technology partner in the joint project initiated by the Global Centre for Maritime Decarbonisation (GCMD), Oil and Gas Climate Initiative (OGCI) and Stena Bulk to investigate the on-board capture, storage and off-loading of carbon dioxide (CO2). Alfa Laval will bring to the project technological and engineering expertise to help understand the challenges and opportunities of deploying carbon capture technology on ships. This project will be another big step towards Alfa Laval´s decarbonization roadmap.

Deltamarin participates in a project to demonstrate end-to-end shipboard carbon capture at scale

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China processed the least crude oil since early 2020 in second-quarter 2022

AJOT | October 05, 2022 | Energy

In the second quarter of 2022, China processed the least crude oil since the first quarter of 2020, when the COVID-19 pandemic had the strongest effect on China’s economic activity. The resurgence of COVID-19 cases since March 2022 and China’s policy of localized mobility restrictions explain China’s reduced demand for petroleum products, and as a result, reduced refinery activity, in the second quarter of 2022.

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A.P. Moller - Maersk continues green transformation with six additional large container vessels

A.P. Moller - Maersk (Maersk) announces that it has ordered a further six large ocean-going vessels that can sail on green methanol. The six vessels will be built by Hyundai Heavy Industries (HHI) and have a nominal capacity of approx. 17,000 containers (Twenty Foot Equivalent - TEU). They will replace existing capacity in the Maersk fleet.

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New independent study confirms bio-LNG’s role in shipping’s decarbonization

Bio-LNG can meet a significant proportion of future shipping demand and will be among the cheapest sustainable alternative marine fuels

Germany, Spain ratchet up pressure on Macron over proposed gas pipeline

Bloomberg | October 05, 2022 | Energy

Maersk expands green fleet with $1 billion order for vessels

A.P. Moller-Maersk A/S, one of the world’s largest oil consumers, ordered six large container ships that can sail on green methanol as part of the transport giant’s plan to become carbon neutral.

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TotalEnergies set to expand its global LNG bunkering network further following the naming ceremony of the Brassavola LNG bunker vessel in Singapore

TotalEnergies Marine Fuels moves closer to commencing its LNG bunkering services in Singapore, following a ship naming ceremony of the Brassavola LNG bunker vessel that was held at Sembcorp Marine’s Tuas Boulevard Yard today.

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Floating LNG terminal rates spike in Europe on ship shortage

Europe’s worsening energy crisis is creating a shortage of floating liquefied natural gas terminals, causing rental rates for the specialized tankers to double.