Energy

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Energy

Reuters | Top Story | December 02, 2024

New US solar tariffs on Southeast Asia to raise prices, cut profit margins

A new round of U.S. solar panel import tariffs on Southeast Asian producers is expected to raise consumer prices and cut into producer profit margins, but was largely anticipated by industry, analysts said.

ADNOC, Jiangnan Shipyard, and DNV celebrate delivery of first large-scale Mark III Flex LNG carrier in China

AJOT | December 02, 2024 | Energy | Maritime | Bulk

The Abu Dhabi National Oil Company (ADNOC), Jiangnan Shipyard (Group) Co., Ltd., and classification society DNV, celebrated the naming and delivery ceremony of China's first large-scale Mark III Flex membrane LNG carrier, the 175,000 cbm, Al Shelila.

U.S. inventories enter the winter with the most natural gas since 2016

AJOT | December 02, 2024 | Energy

Working natural gas in storage in the Lower 48 states ended the natural gas injection season with 3,922 billion cubic feet (Bcf), according to estimates based on data from our Weekly Natural Gas Storage Report released on November 7.

Trump’s low oil price promise is a risk and a boon for emerging markets

Reuters | December 02, 2024 | Energy

Lufthansa Cargo and Maersk launch cooperation to support decarbonization of airfreight

400 metric tons of SAF to be used in the remainder of 2024

TotalEnergies CEO says pausing Adani business won’t impact renewable targets

Reuters | November 27, 2024 | Energy | International Trade

Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs

Reuters | November 27, 2024 | Energy | International Trade

Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if U.S. President-elect Donald Trump imposes 25% import tariffs on crude imports from the two countries, traders and analysts said.

First circular pioneer establishes presence at the NextGen Demo site in the Antwerp port

NextGen Demo, the innovation hub within the circular hotspot NextGen District at the port of Antwerp, has reached a significant milestone.

Strategic Marine increases presence in Korea’s offshore wind industry with Yeosu Ocean’s contract for new Stratcat 27

Following Strategic Marine’s successful entry into Korea’s offshore windfarm market earlier this year, the Singapore headquartered shipbuilder has signed a new contract with Yeosu Ocean Co., Ltd. for the construction of a StratCat 27 Crew Transfer Vessel (CTV).

U.S. gasoline prices this Thanksgiving are at their lowest since 2020

AJOT | November 27, 2024 | Energy

On the Monday before Thanksgiving, the retail price of regular gasoline averaged $3.04 per gallon (gal) across the United States, 7% less than the same time last year.

With Citgo share auction in shambles, US court readies plan to start over

Reuters | November 27, 2024 | Energy

An auction of shares in a Citgo Petroleum parent to pay claims against Venezuela needs to be overhauled, a court adviser recommended on Tuesday, conceding a year-long sale process was in shambles and needed to start fresh.

Norway’s Hydro to phase out green hydrogen, battery businesses

Reuters | November 27, 2024 | Energy | Alternative

Norsk Hydro is no longer investing in its battery and green hydrogen businesses and will phase out these operations in the coming years, the Norwegian aluminium producer said on Wednesday.

CMA CGM and JA Solar: Sailing towards a sustainable tomorrow

In the pursuit of a sustainable future, CMA CGM has joined forces with JA Solar, a leading global provider of photovoltaic power generation solutions, to decarbonize the maritime supply chain.

US Vote 2024: Trump 2.0 to reshape global LNG landscape, unlock long-term demand / Rystad

AJOT | November 26, 2024 | Energy

Triggered by incoming US President Donald Trump, the next four years could prime the liquefied natural gas (LNG) markets for a golden era.

US oil firms unlikely to go ‘drill, baby, drill’ under Trump, says Exxon executive

Reuters | November 26, 2024 | Energy

U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on Tuesday.

US energy lobbying groups wary about Trump tariffs threat

Reuters | November 26, 2024 | Energy

Rivian gets $6.6 billion conditional loan approval to build Georgia EV plant

Reuters | November 26, 2024 | Energy | Alternative | Green Shipping

Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build the electric vehicle maker's production facility in Georgia.

Carrier responds to global challenge of food insecurity through support of community food banks

AJOT | November 26, 2024 | Energy | Alternative | Green Shipping

Carrier, global leader in intelligent climate and energy solutions, is addressing hunger and food waste globally by supporting food banks in the communities in which we live, work and operate.

bound4blue welcomes Mann to drive ‘new era’ of eSAIL® growth

• bound4blue gears up for global suction sail roll-out with key executive appointment • Daniel Mann brings over 25 years of industry experience, networks and knowledge to ambitious team

U.S. crude oil production established a new record in August 2024

AJOT | November 26, 2024 | Energy

An average of 13.4 million barrels per day (b/d) of crude oil was produced in the United States during August 2024, a new record according to data from our Petroleum Supply Monthly.

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