Energy

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

Oil steadies after sharp falls as Middle East uncertainty persists

Reuters | October 16, 2024 | Energy

Oil rose in early Asian trade on Wednesday on continued uncertainty over conflict in the Middle East, after falling as much as $5 this week to the lowest levels since early October on demand concerns.

Fuel tanker explodes in Nigeria, killing at least 94 people

Reuters | October 16, 2024 | Energy | Maritime | Bulk

Fire at Venezuela oil terminal that started Tuesday almost extinguished

Reuters | October 16, 2024 | Energy

General Motors to contribute $625 million to new JV with Lithium Americas

Reuters | October 16, 2024 | Energy | Alternative | Green Shipping

Iran working to control oil spill off Kharg Island, says IRNA

Reuters | October 16, 2024 | Energy

‘Age of electricity’ to follow looming fossil fuel peak, IEA says

Reuters | October 16, 2024 | Energy | Alternative

Ørsted has completed 600 MW combined solar and battery storage project in the US

AJOT | October 15, 2024 | Energy | Alternative

With a 300 MW solar PV capacity, Ørsted’s Eleven Mile Solar Center will produce enough renewable energy to power 65,000 US homes while the battery can store 1200 MWh of power.

Lhyfe and Elyse Energy plan to produce e-methanol from renewable green hydrogen, to decarbonize maritime transport

- Creation of a new decarbonized energy chain at a port in Western France, with the support of the local area - Development of a solution to decarbonize shipping, which is responsible for 14% of CO2 emissions from transport in Europe.

Energy

AJOT | Top Story | October 15, 2024

Port of Rotterdam: Shore power for sea-going vessels at APMT MVII from 2028: CO2 reduction of almost 7,000 tons annually

Connecting the vessels to the power grid at APMT MVII, will reduce CO2 emissions by almost 7,000 tons each year. It will also reduce nitrogen and particulate emissions. Vessels will use a total of about 13,000 MWh at the terminal annually.

Russia seeks over $1 billion in damages from Shell, report says

Reuters | October 15, 2024 | Energy

The Russian General Prosecutor's office was seeking to collect more than 1 billion euro ($1.09 billion) in damages from international energy major Shell, the RIA news agency reported on Tuesday, citing the Moscow Arbitration court.

PIL names its first two 14,000 TEU LNG dual-fuel container vessels

Pacific International Lines (PIL) has named its first two 14,000 TEU container vessels in a ceremony at Jiangnan Shipyard in China today.

Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens

Reuters | October 15, 2024 | Energy

Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after a media report said Israel is willing to not strike Iranian oil targets, easing fears of a supply disruption.

BMW CEO: Europe must cancel petrol engine ban to reduce reliance on China

Reuters | October 15, 2024 | Energy | Green Shipping

Three workers sue Pemex for injuries at Texas refinery

Reuters | October 15, 2024 | Energy

Brazil’s Petrobras and miner Vale have decarbonization partnership in works

Reuters | October 15, 2024 | Energy | Alternative | Green Shipping

Phillips 66 to sell 49% stake in Swiss venture for $1.24 billion

Reuters | October 15, 2024 | Energy

Middle East supply disruption potential could send oil above $100/bbl, Citi says

Reuters | October 15, 2024 | Energy

Oil falls 2% as OPEC cuts oil demand growth view, China concerns

Reuters | October 15, 2024 | Energy

Norway court rejects environmental injunction against oil and gas fields

Reuters | October 15, 2024 | Energy

Fewer tankers transit the Red Sea in 2024

AJOT | October 14, 2024 | Energy | Maritime | Bulk

The amount of crude oil and oil products flowing through the Bab el-Mandeb, the southern chokepoint at the mouth of the Red Sea, decreased by more than 50% in the first eight months of 2024.

Energy

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