Energy

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

US solar industry downplays climate in strategy for Trump era

Reuters | December 12, 2024 | Energy | Alternative

The U.S. solar industry unveiled its lobbying strategy for the incoming Trump administration on Thursday, promoting itself as a domestic jobs engine that can help meet soaring power demand, without referencing its role in combating climate change.

Bollinger Motors announces Class 4 all-electric truck generates over $4M in post-production launch sales

AJOT | December 12, 2024 | Energy | Alternative

Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today that its subsidiary, Bollinger Motors (“Bollinger”), has delivered its first 25 B4 trucks, with a retail sales value of approximately $4.1 million during the nearly three months since the company’s September start of production.

Henry Hub daily natural gas spot price reached all-time lows in November

AJOT | December 12, 2024 | Energy | Conventional

The U.S. benchmark Henry Hub daily natural gas price fell to $1.21 per million British thermal units (MMBtu) on November 8 and November 11, 2024, an all-time low in inflation-adjusted dollars. Four of the record-low daily prices when adjusting for inflation occurred in November 2024, and the remaining six occurred in 2024 as well. The Henry Hub spot price in November averaged $2.12/MMBtu, the lowest average price for that month ever when adjusting for inflation.

China tightens rules to curb methane emissions from coal mines

Reuters | December 12, 2024 | Energy

China will impose tougher curbs on the amount of methane released during coal extraction in an effort to reduce emissions of the powerful climate-warming gas, the environment ministry said on Thursday.

EU not buckling to pressure over car CO2 rules, climate chief says

Reuters | December 12, 2024 | Energy | Alternative | Green Shipping

Global diesel prices to rely on refinery closures for support in 2025

Reuters | December 12, 2024 | Energy

Rosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say

Reuters | December 12, 2024 | Energy

Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said.

Oil little changed as IEA surplus forecast offsets rate cut optimism

Reuters | December 12, 2024 | Energy

Gevo’s acquisition of assets in North Dakota proceeds following approval vote by Red Trail Energy’s equity holders

AJOT | December 11, 2024 | Energy

Improving well productivity helps U.S. oil companies increase production at a lower cost

AJOT | December 11, 2024 | Energy

Second-quarter 2024 financial results for 34 publicly traded U.S. oil exploration and production (E&P) companies suggest increasing well productivity is helping these companies reduce production costs on a per barrel basis and freeing up cash for other uses such as dividends and share repurchases.

Cenex, the UK’s first Centre of Excellence for Low Carbon and Fuel Cell technologies joins the Maritime Battery Forum

AJOT | December 11, 2024 | Energy

Lifting davit output: Vestdavit expands Polish production facility to meet rising demand

AJOT | December 11, 2024 | Energy | Alternative

Energy

Stas Margaronis | Top Story | December 10, 2024

Port of Oakland’s Wan says infrastructure building blocks will speed growth

Wan thanked Port of Oakland maritime stakeholders, including truckers, shippers, terminal operators, and longshore workers represented by the International Longshore and Warehouse Union (ILWU): “We have a partnership with you, and we are making great strides …

Energy

AJOT | Top Story | December 10, 2024

Wallenius Marine tests groundbreaking ship design for the world’s first wind-powered PCTC vessel

As a leader in ship design and innovation, Wallenius Marine is gathered with experts from RISE, KTH, and Oceanbird in Gothenburg for a series of crucial tests to validate the latest design for wind-powered PCTC vessels, a groundbreaking innovation in maritime transport. These tests will not only confirm the design but also contribute to the development of new data simulation models for wind-powered ships.

DB Schenker deploys 40 new Volvo FM Electric into its German fleet

AJOT | December 10, 2024 | Energy | Alternative

With expanding their fleet in Germany by 40 Volvo FM Electric trucks, DB Schenker, one of the world's leading logistics service providers, is taking the next important step towards a sustainable future in logistics.

Ocean Network Express and Ningbo Zhoushan Port Group collaborate on shore power innovation in China

AJOT | December 10, 2024 | Energy | Alternative

Ocean Network Express (ONE) and Ningbo Zhoushan Port Group (NZPG) held a symposium on December 6th to share best practices and explore innovative approaches to shore power utilization. The event highlighted ONE’s nearly decade-long experience in utilizing Alternative Marine Power (AMP) containers on the U.S. West Coast.

Energy

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