Energy

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

Niger resumes oil exports through Benin after pipeline reopened

Bloomberg | August 19, 2024 | Energy

Stephens, Endeavor Energy founder who became richest US oilman, dies at 86

Bloomberg | August 19, 2024 | Energy

Massachusetts leaders join Crowley to celebrate groundbreaking of Salem Offshore Wind Terminal

AJOT | August 16, 2024 | Energy | Alternative

The terminal will advance clean energy goals in state and support future floating turbines in the Gulf of Maine.

Ørsted pulls the plug on e-methanol

AJOT | August 16, 2024 | Energy | Alternative

Ørsted has shut down a large e-methanol project in Sweden and is writing off an amount of billions invested in the project. The plan was to build a plant - Flagship One - in Örnsköldsvik, with an expected capacity of 55,000 tonnes of e-methanol per year

Solar panel makers seek retroactive duties, citing import surge

Bloomberg | August 16, 2024 | Energy | Alternative

A group of solar manufacturers is seeking retroactive duties on imported panels and cells, as the federal government probes whether the goods are being dumped in the US at below-market prices.

India changes power export rules in potential gain for Adani

Bloomberg | August 15, 2024 | Energy

Fredriksen’s Avance Gas sells $1 billion of large gas ships

Bloomberg | August 15, 2024 | Energy | Maritime | Bulk

Shell invests in water injection at Gulf of Mexico field

AJOT | August 14, 2024 | Energy

Energy

Stas Margaronis | Top Story | August 14, 2024

Toyota plans solid-state battery with range of 900 miles per charge

Toyota is developing a next-generation solid-state battery that will have a range of 900 miles per charge and is projected to be in commercial development by 2027-2028, according to a Toyota spokesperson.

China’s natural gas consumption, production, and imports all increased in 2023

AJOT | August 14, 2024 | Energy

In 2023, 7%, or 2.6 billion cubic feet per day (Bcf/d), more natural gas was consumed in China than in 2022, after a decline of 1.1% in 2022 when economic growth was slower, mainly due to China’s zero-COVID policies, leading to a reduction in natural gas consumption.

STAX Engineering secures industry-first five year deal for emissions capture for tankers within Port of LA

STAX Engineering, a pioneer in maritime emissions capture and control, has entered into a five-year agreement with Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell)...

China’s embrace of rail and EVs stalls holiday gasoline demand

Bloomberg | August 13, 2024 | Energy | Alternative

China’s embrace of clean energy means gasoline sales are no longer getting their usual bump from holiday travel.

U.S. wind generation hit record in April 2024, exceeding coal-fired generation

AJOT | August 13, 2024 | Energy

Wind electricity generation established a new record in the United States in April, and wind generation exceeded coal-fired generation in both March and April, data from our July 2024 Monthly Energy Review show.

Today in Energy: Gasoline Prices

AJOT | August 13, 2024 | Energy

WinGD and CMA CGM collaborate on trial of first VCR technology deployment at sea

AJOT | August 13, 2024 | Energy | Maritime

The CMA CGM project comprises a long-term, full-scale test to confirm operability and reliability. Onboard testing is expected to begin following the dry-docking of the vessel in September, when VCR will be installed on the vessel’s WinGD RT‑flex50DF dual-fuel engine.

Ørsted launches world’s first heavy-lift cargo drone operations at Borssele 1&2 Offshore Wind Farm

Building on previous trials and expertise using drones in other offshore wind farms, Ørsted is using the 70 kg drones - which have a wingspan of 2.6 metres - to transport cargo of up to 100kg, in an actual operations campaign, after the concept was tested last year at the Hornsea 1 Offshore Wind Farm in the UK.

Energy

Stas Margaronis | Top Story | August 12, 2024

California fast-tracks offshore wind supports

In an interview with AJOT, Adam Stern, Executive Director, Offshore Wind California (OWC), cited a number of California initiatives which he believes will speed up development of floating offshore wind farms and meet California’s ambitious goal of generating 25 gigawatts (GW) of electricity by 2045.

Energy

Bloomberg | Top Story | August 12, 2024

Oil refiners in US slow down, stoking global crude glut worries

Some of the top US oil refiners are throttling back operations at their facilities this quarter, adding to concerns that a global glut of crude is forming.

Second LNG tanker seen docking at sanctioned Russian facility

Bloomberg | August 12, 2024 | Energy | Alternative

A second liquefied natural gas tanker has docked at an export terminal in northern Russia that’s subject to US sanctions, satellite images show.

Public company proved oil and natural gas reserves were mostly unchanged in 2023

AJOT | August 12, 2024 | Energy

Global proved crude oil and natural gas reserves held by 175 publicly traded global exploration and production (E&P) companies increased by 2.0 billion barrels of oil equivalent (BOE) in 2023, or about 1%, according to data from the companies’ annual financial reports...

Energy

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