Energy

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


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Wilhelmsen Ship Management takes a majority stake in Ahrenkiel Tankers to strengthen its position in the tanker market

AJOT | January 12, 2022 | Energy | Maritime | Bulk

Wilhelmsen Ship Management has strengthened its position in the tanker market with a newly signed agreement to acquire a majority stake in Hamburg-based Ahrenkiel Tankers.

Korea Maritime & Ocean University researchers champion LPG as a green alternative ship fuel

AJOT | January 12, 2022 | Energy | Alternative | Maritime | Technology

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EIA forecasts crude oil prices will fall in 2022 and 2023

AJOT | January 12, 2022 | Energy

In our January 2022 Short-Term Energy Outlook (STEO), we forecast that crude oil prices will fall from 2021 levels. In the fourth quarter of 2021, the price of Brent crude oil, the international pricing benchmark, averaged $79 per barrel (b). We forecast that the price of Brent will average $75/b in 2022 and $68/b in 2023.

MOL acquires AIP for ammonia bunkering vessel

AJOT | January 11, 2022 | Energy | Alternative | Maritime | Bulk

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ZeroNorth acquires US-based bunker market platform ClearLynx

AJOT | January 11, 2022 | Energy | Ports & Terminals

Move allows ZeroNorth platform to provide bunker optimisation to industry, alongside voyage and vessel optimisation recommendations

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Coal will account for 85% of US electric generating capacity retirements in 2022

AJOT | January 11, 2022 | Energy

Operators have scheduled 14.9 gigawatts (GW) of electric generating capacity to retire in the United States during 2022, according to our latest inventory of electric generators. The majority of the scheduled retirements are coal-fired power plants (85%), followed by natural gas (8%) and nuclear (5%).

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Global oil and gas investments to hit $628 billion in 2022, led by upstream gas and LNG

AJOT | January 11, 2022 | Energy

Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted recovery from the worst of the pandemic and the hurdles imposed by the Omicron variant. An analysis by Rystad Energy projects overall oil and gas investments will rise 4% to $628 billion this year from $602 billion in 2021.

Blue Water expands in the Middle East

AJOT | January 10, 2022 | Energy | Project / Heavy Lift | Maritime Project

Damen acquires Skoonbox to cut yard emissions

AJOT | January 10, 2022 | Energy | Alternative | Ports & Terminals | Equipment and Tech

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Solar power will account for nearly half of new US electric generating capacity in 2022

AJOT | January 10, 2022 | Energy

In 2022, we expect 46.1 gigawatts (GW) of new utility-scale electric generating capacity to be added to the U.S. power grid, according to our Preliminary Monthly Electric Generator Inventory. Almost half of the planned 2022 capacity additions are solar, followed by natural gas at 21% and wind at 17%.

Air France-KLM raises fares to fund shift to sustainable fuels

Bloomberg | January 10, 2022 | Air Cargo | Airlines | Energy | Alternative

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