Energy

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

Oil prices climb 2% to 4-month high on expected hit to China and India’s Russian supplies

Reuters | January 13, 2025 | Energy

US Supreme Court rejects bid by oil companies to toss Honolulu’s climate suit

Reuters | January 13, 2025 | Energy

Is 2025 the year when pressure finally gives way? - Rystad Energy’s Oil Market Update

AJOT | January 13, 2025 | Energy

Despite medium-term volatility under a potential Trump 2.0 administration, Rystad Energy projects supply corrections as the norm into the 2030s, potentially overshooting demand by the mid-2030s as demand remains resilient.

KBR awarded global agreement by BP for engineering, procurement and construction management services

AJOT | January 13, 2025 | Energy | Project / Heavy Lift | Maritime Project

KBR announced today it has been awarded a global agreement by BP International Limited (bp) for engineering, procurement and construction management (EPCM) services.

123Carbon appoints Veale as Managing Director for Asia-Pacific

123Carbon, the leading independent platform for carbon insetting, today announced the expansion of its management team with the appointment of James Veale as Managing Director for APAC. James brings a wealth of experience in alternative fuels and supply chain transparency during his time with SAP and oil majors such as BP.

Trump’s likely first moves on US energy policy

Reuters | January 13, 2025 | Energy

President-elect Donald Trump has promised to maximize U.S. oil and natural gas production - already at record highs - in part by clearing away what he deems as unnecessary regulation and bureaucracy.

LNG exporter Venture Global seeks up to $110 billion valuation in blockbuster US IPO

Reuters | January 13, 2025 | Energy

Venture Global is targeting up to $110.38 billion valuation in its U.S. initial public offering, the liquefied natural gas exporter said on Monday, setting the stage for 2025's first blockbuster stock market flotation.

LNG powers unprecedented year for orders of alternative-fueled vessels

AJOT | January 10, 2025 | Energy | Alternative

According to the latest data from DNV’s Alternative Fuels Insights (AFI) platform, the maritime industry’s exceptional new building year 2024 drove a significant rise in orders for alternative-fuelled vessels. A total of 515* such ships were ordered, representing a 38% year-on-year increase compared to 2023, underscoring the industry's growing commitment to decarbonization.

Energy

AJOT | Top Story | January 10, 2025

Since the 2011 Fukushima accident, Japan has restarted 14 nuclear reactors

Japanese utilities restarted two additional nuclear reactors in 2024 that had been suspended from operations in response to the 2011 Fukushima Daiichi accident, taking the total number of restarted reactors to 14 since the accident.

EU’s 2024 new wind capacity less than half amount needed for climate goal, industry group says

Reuters | January 10, 2025 | Energy | Alternative

Wind power provided 20% of the electricity consumed in Europe last year, but the capacity built during the year was less than half of what is needed to meet the European Union's 2030 energy and climate targets, industry group WindEurope said on Friday.

Kinder Morgan shuts two Los Angeles fuel pipelines due to power outages

Reuters | January 10, 2025 | Energy

Pipeline operator Kinder Morgan Inc said that two of its fuel pipelines in Los Angeles have been shut since Jan. 8 due to power outages, as the most

Constellation Energy to buy Calpine in $26.6 billion deal

Reuters | January 10, 2025 | Energy

Constellation Energy said on Friday it would buy privately held Calpine Corp, a geothermal and natgas energy company, in a cash-and-stock deal valued at $26.6 billion including debt,

Biden administration to release short-term guidance on clean fuel tax credit, sources say

Reuters | January 09, 2025 | Energy | Alternative | Green Shipping

President Joe Biden's administration expects to release short-term guidance on clean fuel tax credits on Friday and leave final decisions to President-elect Donald Trump's incoming administration, according to two sources familiar with the plan.

US Senate panel to hold hearings on Trump energy picks next week

Reuters | January 09, 2025 | Energy

The U.S. Senate energy committee will hold nomination hearings for President-elect Donald Trump's picks for energy roles on Tuesday and Wednesday next week, the panel's chairman said on Thursday.

Oil prices edge higher as markets weigh demand against US inventories

Reuters | January 09, 2025 | Energy

By Paul Carsten LONDON (Reuters) -Oil prices rose slightly on Thursday as investors factored in firm winter fuel demand expectations despite large U.S. fuel inventories and macroeconomic concerns.

Shell starts production at Whale in the US Gulf of Mexico

AJOT | January 09, 2025 | Energy

Shell Offshore Inc. (Shell), a subsidiary of Shell plc, announced that production has started at the Shell-operated Whale floating production facility in the Gulf of Mexico.

European gas prices fall despite Norwegian outage - Rystad Energy’s Gas and LNG Market Update

AJOT | January 09, 2025 | Energy

Asian spot liquefied natural gas (LNG) prices for February delivery fell by 3% to around $14.4 per million British thermal units (MMBtu) on 8 January, with February’s prices likely to settle at around $14.3 per MMBtu.