World Energy News

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.
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.
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…
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…
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…

Latest news

Offshore Oil & Gas

France's Engie Surprises with Higher assistance

tax (EBIT), leaving out nuclear, to 5.6 billion euros ($ 6.05. billion).Revenues a year ago at Engie, the largest gas network. operator in Europe, had gained from high regional gas rates. and volatility.The outcomes were above expectations, said experts at. JPMorgan, with excellent performance throughout its companies, and. exceptional efficiency in versatile generation.EBIT at its Global Energy Management and Sales unit fell 38%.

Shale Oil & Gas

EIA: US natgas production will decline in 2024 as demand reaches record levels, EIA reports

The U.S. Energy Information Administration's (EIA's) Short Term Energy Outlook, released on Tuesday, predicted that U.S. Natural Gas production would decline by 2024 and demand would rise to a new record. EIA projects that dry gas production in the US will fall from a record high of 103.8 billion cubic foot per day (bcfd), in 2023, to 103.5 bcfd by 2024. In March, the number of people who were unemployed fell to its lowest level in 32 years. EIA's projected production for 2025 is 104.6 bcfd.

LNG

Exxon Mobil Continues to Ramp Up LNG Portfolio

Exxon Mobil is ahead of schedule with its plan to double the size of its liquefied natural gas (LNG) portfolio to 40 million tons per annum (mtpa) by 2030 and will focus on selling its own gas rather than trading that of third parties, said Peter Clarke, Exxon Mobil SVP for global LNG.Exxon is revamping its LNG trading strategy amid growing production of the fuel and as part of a wider corporate reorganization that began in 2022.

Renewables

Brazil's Inpasa starts operation at its largest corn based ethanol facility

Inpasa, Brazil’s largest corn-ethanol producer, began operating on Tuesday at its main biorefinery. According to the company, it can now be regarded as one of the largest production units for cereal-based biofuel in the world. Could not independently verify this claim. The announcement came as Brazil's government worked to increase the presence of biofuels on local markets. On Tuesday, President Luiz inacio Lula signed into law a bill called Fuel of the Future.

Technology

Nel, Kvaerner Pact on Green Hydrogen

Norwegian renewable energy firm Nel ASA has entered into a strategic agreement with the compatriot engineering and construction services company Kværner to collaborate on green hydrogen projects and the standardization of solutions for large scale hydrogen production plants.In the agreement, the companies have identified a range of projects on which to collaborate on moving forward. Work has already been initiated in order to jointly develop a standardized 20 megawatt H2 production module…

Legislation

Cheniere Asks Biden Admin to Drop Pollution Rule

Cheniere Energy Inc has asked the Biden administration to exempt it from limits on emissions of cancer-causing pollutants, arguing they would force the top U.S. exporter of liquefied natural gas to shut for an extended period and endanger the country's efforts to ramp up supplies to Europe, according to documents reviewed by Reuters.The request imposes an uncomfortable dilemma on President Joe Biden’s…

Meet the CTO: Dr. Gunnar Stiesch, MAN Energy Solutions

Developments in Clean Hydrogen Production

How Trump will try to undo Biden's environmental legacy

US LNG Export Dominance Tested as Europe's Demand Wilts

OPEC+ Has Oil Price and Demand Problems. It Should Solve Demand

The European gas surplus is almost gone: Kemp

Key China Energy Indicators to Track for the Rest of 2024

Kemp: Oil traders focus on the economy, not dwindling stock

Latest news

Palm oil is ahead of Malaysian supply-demand reports

Indonesia adds palm oil to the government's online tracking system

Naftogaz CEO: Ukraine produces 53 mcm gas per day

The UK will try Glencore's former head of oil in 2027 on charges of bribery

EUROPE GAS - Prices range amid geopolitical risks and strong inventories

Discounts are maintained in France despite prices falling in Germany

East Timor spoke with Sinopec and other Chinese companies about a stalled multibillion dollar gas project, President says

Maguire: Slow rollout of charge points could stall US EV sales momentum

Palm oil prices rise ahead of Malaysian supply-demand report

Mozambique's election is likely to be tense, with the ruling party winning.

Woodside completes Tellurian acquisition for $1.2 billion

DNV: Global CO2 emissions related to energy will peak in this year.

Offshore Oil & Gas

France's Engie Surprises with Higher assistance

Solar, Wind Uptake to Reach 5.4 TWac from 2024 to 2033, Says Wood Mackenzie

Tyra II Production Successfully Restarted

Quick Connect: OAL Subsea Pipeline Completed

Shale Oil & Gas

EIA: US natgas production will decline in 2024 as demand reaches record levels, EIA reports

Arbitration awards Kosmos Energy Senegal LNG project to BP, as the sole purchaser

Minister: German natgas supplies secure without Ukraine transit

MARA, a cryptominer, taps the power generated by U.S. Shale Patch in a new pilot program

LNG

Exxon Mobil Continues to Ramp Up LNG Portfolio

ABS Opens LNG Academy in Qatar

Fratelli Cosulich Inks Charter Deal for LNG Bunkering Vessel

Wärtsilä’s Inks Deal for Supplies on Four new LPG Ships

Renewables

Brazil's Inpasa starts operation at its largest corn based ethanol facility

EIA: US power consumption will reach new highs by 2024 and 25.

Brazil's Potencial will invest $109 Million to make the world's biggest biodiesel factory.

Hindustan Zinc's chairman says the company aims to switch over to renewable energy within five to seven years.

Technology

Nel, Kvaerner Pact on Green Hydrogen

Alphabet Winds Down Makani

CMA CGM Joins Energy Observer in Hydrogen Project

Toshiba Delivers Fuel Cell System to Ship

Legislation

Cheniere Asks Biden Admin to Drop Pollution Rule

US Prepares Renewal of Chevron's Venezuela License Without Broader Terms

New York City Sues Exxon, BP, Shell Over Climate Change

Biden to Target Drilling, Fossil Fuel Subsidies in New Climate Orders

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