Energy

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

Offshore wind cable maker Nexans says it might turn US plant into export hub

Reuters | November 13, 2024 | Energy | Alternative

Nexans said on Wednesday it would turn its U.S.-based plant into an export hub if the offshore wind sector was challenged under Donald Trump's second stint as president.

US sets methane fee on oil, gas emitters as Biden term winds down

Reuters | November 12, 2024 | Energy

U.S. President Joe Biden's administration on Tuesday finalized a methane fee for big oil and gas producers meant to slash emissions of the powerful greenhouse gas, but which is likely to be scrapped by the incoming presidency of Donald Trump.

US dependence on Canada’s oil should deter Trump tariffs, industry says

Reuters | November 12, 2024 | Energy | International Trade | Commodity

Canada's energy industry does not expect U.S. President-elect Donald Trump's broad plans for protectionist trade measures will include tariffs on Canadian oil imports, because many U.S. refineries rely on barrels from north of the border.

Oil prices flat, near 2-week low after OPEC cuts demand view, dollar rises

Reuters | November 12, 2024 | Energy

Shell wins appeal against landmark Dutch climate ruling

Reuters | November 12, 2024 | Energy | Green Shipping

Oil and gas major Shell on Tuesday won an appeal against a landmark ruling that required it to accelerate carbon reduction efforts, dealing a blow to campaigners who have turned to legal channels to pursue climate action.

COP29: Host nation Azerbaijan hits out at West in defence of oil and gas industry

Reuters | November 12, 2024 | Energy | Green Shipping

bound4blue secures major wind propulsion retrofit contract with Maersk Tankers

• Maersk Tankers places landmark order for wind-assisted propulsion systems as part of on-going strategy to enhance fleet sustainability • bound4blue to supply and install 20 26-meter eSAILs® across five separate MR vessels

DHL Global Forwarding and Lindt & Sprüngli sweeten the deal for the usage of waste- and residues-based maritime fuel for ocean freight

DHL Global Forwarding, the air and ocean freight specialist of DHL Group, is supporting Lindt & Sprüngli, the renowned Swiss chocolate manufacturer, in reducing their Greenhouse Gas (GHG) emissions in ocean freight transport.

e1Marine and STAX Engineering partner on innovative barge-based emission capture and control project

California Air Resources Board & South Coast Air Quality Management District - funded project to showcase the feasibility of capture and control technology powered by clean-burning methanol-to-hydrogen systems to reduce emissions in ports.

Northern European ports in collaboration receive EU funding for onshore power for container ships

Four Northern European ports are set to significantly reduce emissions from container ships moored at quay.

Chevron starts to redeploy personnel at Gulf of Mexico platforms

Reuters | November 11, 2024 | Energy

Chevron Corp has started redeploying personnel and restoring production at its Gulf Of Mexico platforms that were closed for Hurricane Rafael, the company said on Sunday.

COP29: What is a carbon credit? What is Article 6?

Reuters | November 11, 2024 | Energy | Alternative | Green Shipping

Some governments and companies may struggle to reduce their planet-warming greenhouse gas emissions to meet their climate targets. Supporters of carbon offsets see them as a key means to help meet these goals.

COP29: US climate envoy says work will continue despite Trump’s return

Reuters | November 11, 2024 | Energy | Alternative | Green Shipping

U.S. climate envoy John Podesta urged governments to keep faith in the country's promise to combat global warming, saying Donald Trump can slow, not stop, the transition from fossil fuels when he returns to office in January.

Oil falls as China stimulus fails to boost sentiment, US dollar strength

Reuters | November 11, 2024 | Energy

NRG Energy posts Q3 core profit beat, raises annual forecast

Reuters | November 08, 2024 | Energy

NRG Energy beat third-quarter core profit estimates on Friday due to lower supply costs across its service territories, and raised its 2024 profit outlook, sending its shares up over 3% before the bell.

Oil prices fall more than 1% as Hurricane Rafael risk recedes

Reuters | November 08, 2024 | Energy

California to vote on stricter rules for low carbon fuels policy

Reuters | November 08, 2024 | Energy | Alternative | Green Shipping

California regulators will vote on Friday on whether to toughen a policy aimed at boosting low-carbon fuels to slash greenhouse gas emissions from the transportation sector and meet the state's ambitious climate change goals.

HT PEM fuel cell veteran joins Blue World Technologies

AJOT | November 08, 2024 | Energy

With a focus on commercializing the HT PEM fuel cell technology, Blue World Technologies has recruited Morten Hougaard Sørensen as Chief Business Development Officer.

Duke Energy sees up to $2.9 billion in hurricane restoration costs

Reuters | November 07, 2024 | Energy

Greater New Orleans, Inc. celebrates passage of Constitutional Amendment 1

AJOT | November 07, 2024 | Energy | Alternative

Greater New Orleans, Inc. (GNO, Inc.) applauds the voters of Louisiana for passing Constitutional Amendment 1 in Tuesday's election, a transformative measure that will direct federal revenues from offshore renewable energy production to Louisiana’s Coastal Protection and Restoration Fund.

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