Energy

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

Today in Energy: Gasoline prices updated

AJOT | October 22, 2024 | Energy

Updated 10/22/2024

GT Wings awarded $225,000 from the UK Department for Transport’s Smart Shipping Acceleration Fund

AJOT | October 21, 2024 | Energy | Alternative | Green Shipping

GT Wings, a pioneering UK-based wind propulsion company, is thrilled to announce the award of a £225,000 grant from the UK Department for Transport (DfT) through the Smart Shipping Acceleration Fund. This funding will propel a cutting-edge project to further develop GT’s revolutionary AirWing technology, in collaboration with the University of Bath and Carisbrooke Shipping.

BW LNG secures e-procurement deal with Procureship for global LNG fleet

AJOT | October 21, 2024 | Energy | Alternative | Maritime

Today in Energy: Florida’s retail gasoline price stays stable after Hurricane Milton despite shortages

AJOT | October 21, 2024 | Energy

Hurricane Milton made landfall on Florida’s western coast on October 9 as a Category 3 hurricane. The hurricane and accompanying rain, winds, and flooding disrupted key gasoline supply chains to the state, leaving hundreds of retail gasoline stations without fuel. However, the average retail price of regular gasoline in Florida has remained relatively stable in the storm’s aftermath, remaining flat at $3.04 per gallon (gal) this week, as supply chains began to recover.

Energy

AJOT | Top Story | October 18, 2024

TUAL secures UK government funding for innovative freight project with Department for Transport

TUAL, a pioneering leader in electric commercial-vehicle charging solutions, is thrilled to announce it has secured a share of the £14 million in joint government and industry funding to drive innovation in the freight sector with the Department for Transport. This funding will back a cutting-edge project in collaboration with Wincanton, a key supply chain solutions provider, aimed at trialling high-performance powerbanks for electric heavy goods vehicles (eHGVs).

Ørsted proposes “Long Island Wind” project to deliver more clean offshore energy, investment and jobs for New Yorkers

AJOT | October 18, 2024 | Energy | Alternative

Ørsted’s Long Island Wind would create thousands of new jobs, accelerate workforce development, prioritize environmental justice, and benefit public health and the environment.

Oil steadies, but on track for biggest weekly loss in over a month

Reuters | October 18, 2024 | Energy

Oil futures steadied on Friday after data showed a fall in crude and fuel inventories in the United States and the emergence of more fiscal stimulus to boost China's economy, though prices were headed for their biggest weekly loss in more than a month.

Texas natural-gas pipeline eases bottlenecks, paves way for higher shale output

Reuters | October 18, 2024 | Energy

BP weighs sale of minority stake in offshore wind business, sources say

Reuters | October 17, 2024 | Energy | Alternative

BP is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to scale back the energy company's focus on renewables.

Cheniere Energy moves closer to starting new Texas LNG export operation

Reuters | October 17, 2024 | Energy | Ports & Terminals | Terminals

The BATT Coalition proposes tax reforms to spur greater domestic independence

AJOT | October 17, 2024 | Energy | Alternative | International Trade

NSU to install rotor sails to Valemax VLOC

NS United Kaiun Kaisha, Ltd. (NSU) and Vale International SA (Vale:) have reached an agreement to install rotor sails (H:35m x D:5m x 5 unites) manufactured by Anemoi Marine Technologies Ltd. (Anemoi) on 400,000dwt-type VLOC, NSU TUBARAO(the Ship), which has been engaged in a long-term transportation contract between NSU and Vale since its delivery in September 2020.