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Meet the CTO: Dr. Gunnar Stiesch, MAN Energy Solutions
As the shipowners stare down decarbonization mandates that grow increasingly strict through 2050, the engine makers are at the tip of the spear of this energy transition phenomena, working to design and build engines and components that are built to operate on a long and growing list of alternative fuels. We recently visited with Dr.
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Developments in Clean Hydrogen Production
The recent release of proposed regulations to the Clean Hydrogen Production Credit by the U.S. Department of the Treasury and IRS has stirred significant interest in the energy sector. These changes mark a pivotal moment in advancing towards a cleaner, more sustainable energy economy.
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How Trump will try to undo Biden's environmental legacy
Donald Trump, the presidential hopeful, has outlined an energy policy that focuses on maximizing U.S. power and fuel output. This includes dismantling Biden's main efforts to combat climate change. The Republican campaign for the former president has stated that President Joe Biden's…
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US LNG Export Dominance Tested as Europe's Demand Wilts
The United States has remained the largest exporter of liquefied natural gas (LNG) so far in 2024, but a steep drop in selling prices and a sharp swing in export volumes to key markets is likely testing exporter appetite to stay on top.The United States shipped a record 56.9 million metric tons of LNG during the first eight months of 2024…
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OPEC+ Has Oil Price and Demand Problems. It Should Solve Demand
OPEC+ has two problems and two solutions.The first problem is that crude oil prices are too low for the comfort of most of the members of the group, which pulls together the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia.The second issue is…
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The European gas surplus is almost gone: Kemp
The record European gas surplus that was inherited in winter 2023/24 is now largely gone, thanks to a very small accumulation…
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Key China Energy Indicators to Track for the Rest of 2024
Slower consumption in China spurred the Organization of the Petroleum Exporting Countries (OPEC) to cut estimates for global…
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Kemp: Oil traders focus on the economy, not dwindling stock
The oil prices fell in recent weeks, as traders looked past the depletion of global inventories and focused on a future threat…
Latest news
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Southeast Asia is expected to increase coal trade as China nears its peak
Industry officials predict that Southeast Asian countries like Vietnam and Philippines will boost coal consumption and trade…
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Analysts say that Colombia must develop a natgas plan soon to prevent blackouts.
If it wants to prevent power blackouts in Colombia, the head of Wood Mackenzie’s Americas Gas and LNG division said that…
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Sources say that the distillation and catalytic cracker units at Venezuela's Amuay Refinery have resumed operations.
Five sources said this week that a catalytic cracker, and two distillation machines, at Venezuela's Amuay Refinery, the largest in the country…
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Kiewit: Equipment shortages increase costs of LNG plants
Tom Shelby, Kiewit Energy's President, said that the boom in U.S. LNG plant construction has caused shortages of electric motors…
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Kiewit resolves dispute with Venture Global LNG regarding construction disclosures
The president of Kiewit Energy announced that construction contractor Kiewit settled its lawsuit against Venture Global LNG…
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El Pais: Incoming EU Antitrust Chief Ribera plans on relaxing antitrust laws
According to a Thursday interview with the Spanish newspaper El Pais, Europe's new antitrust chief Teresa Ribera intends…
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EUROPE GAS-Prices reverse earlier gains after Ukraine transit deal report
The Dutch and British gas wholesale prices dropped on Thursday, reversing gains made earlier, following a report in the media…
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Egypt plans to restore gas production at its gas fields to normal by the summer of 2025
Mostafa Madbouly, the Prime Minister, said that Egypt hopes to resume normal production in its natural gas fields before next summer.
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Enea, a Polish coal company, says its dividend policy is dependent on the future of coal assets and regulation
Enea must secure funding for large investments, and it needs to be clearer about the future of the coal assets and the market…
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Data shows that the battery capacity of Germany's power grid will increase by almost a third between 2024 and 2028.
Official data released on Thursday showed that the capacity of Germany's grid batteries used to stabilize electricity networks…
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Indonesia introduces new palm oil taxation rules to boost competition
Indonesia, the world's largest palm oil exporter, will introduce new monthly levies to increase its competitiveness with rival edible oils.
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Palm oil prices rise for the second day in a row on stronger soyoil and Malaysian production concerns
Malaysian palm futures gained for a second session in a row on Thursday. This was largely due to higher soyoil and production…
Offshore Oil & Gas
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Solar, Wind Uptake to Reach 5.4 TWac from 2024 to 2033, Says Wood Mackenzie
Global solar deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth…
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Tyra II Production Successfully Restarted
The Tyra Redevelopment Project (Tyra II) has restarted production. At plateau, the Tyra hub will produce 5.7 million cubic meters of gas and 22…
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Quick Connect: OAL Subsea Pipeline Completed
Making a twist on the proverb 'necessity is the mother of invention', GASCADE Gastransport GmbH and StreamTec Solutions AG completed…
Shale Oil & Gas
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Hungary: EU is not doing enough to reduce Russian gas dependency
Hungary's chief energy security official on Wednesday criticised the European Union for failing to provide enough support…
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Envoy: EU sanctions now include financing of Russian battlefield products
The EU sanctions envoy stated on Wednesday that sanctions against financial institutions could be aimed at the military product flow to Russia…
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Preliminary data shows that Japan's LNG imports increased by 49% from Russia in August, while US supplies decreased.
The preliminary data from Wednesday showed that Japan's imports of liquefied gas (LNG), from Russia, increased by 49% to…
LNG
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ABS Opens LNG Academy in Qatar
American Bureau of Shipping (ABS) has inaugurated the ABS Global LNG Academy, a cutting-edge training center dedicated to…
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Fratelli Cosulich Inks Charter Deal for LNG Bunkering Vessel
Italian shipowner Fratelli Cosulich and PETCO Trading Labuan Company Limited (PTLCL), a trading arm of Malaysian energy company Petronas…
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Wärtsilä’s Inks Deal for Supplies on Four new LPG Ships
Wärtsilä will supply the cargo handling and fuel supply systems for four new 40,000 m3 gas carrier vessels. The ships are…
Renewables
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Sonnedix expands solar capacity in Italy and looks at battery storage projects
The CEO of renewable developer Sonnedix said that the company is looking to expand its solar power in Italy through a series acquisitions.
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Exports of palm oil from Indonesia are falling due to a rising local demand and lower production
An industry official said on Thursday that Indonesian palm oil exports will likely decline this year because of increased…
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The demand for palm oil in Indonesia will increase and the production will decrease by 2024.
An industry official said on Thursday that Indonesian palm oil exports will decline by 2024 because of increased domestic…
Technology
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Alphabet Winds Down Makani
Alphabet, Google's parent company, announced that it is calling it quits on its efforts to build and monetize its Makani…
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CMA CGM Joins Energy Observer in Hydrogen Project
French shipping giant CMA CGM is joining forces with Energy Observer within a project focusing on testing the potential of…
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Toshiba Delivers Fuel Cell System to Ship
The provider of energy industry solutions Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) announced that the…
Legislation
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US Prepares Renewal of Chevron's Venezuela License Without Broader Terms
The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp's license to operate in Venezuela…
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New York City Sues Exxon, BP, Shell Over Climate Change
New York City on Thursday sued three major oil companies and the top industry trade group in state court, arguing that the…
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Biden to Target Drilling, Fossil Fuel Subsidies in New Climate Orders
President Joe Biden was set on Wednesday to sign executive actions to combat climate change, including pausing new oil and…
