Cargo ships move more than 80% of the world’s internationally traded goods, making them essential to the global economy, but they’ve traditionally been fueled by heavy fuel oil or marine gasoil, both of which are emissions-intensive. With 60,000 or so ships in service, they account for an estimated 2.8% of global greenhouse gas (GHG) emissions, a percentage the International Maritime Organization (IMO) would like to reduce. At the 80th session of the IMO’s Maritime Environment Protection Committee (MEPC) in July, the group adopted a provisional agreement to eliminate GHG emissions from shipping by a date as close to 2050 as…
Author: Automotivedealernews.com
Under the Biden-Harris administration’s goal to deploy 30 gigawatts (GW) of offshore wind power by 2030, the Bureau of Ocean Energy Management (BOEM) has selected three final Wind Energy Areas (WEAs) offshore Delaware, Maryland, and Virginia. The three WEAs were developed following extensive engagement and feedback from states, Tribes, local residents, ocean users, federal government partners, and other members of the public, BOEM said in its media statement. If fully developed, the final WEAs could support between four and eight gigawatts of energy production, according to BOEM. The three WEAs total approximately 356,550 acres. The first WEA (A-2) is 101,767…
A nuclear power plant has been put into operation in Georgia state, activating the first nuclear reactor in the USA since 2016 according to authorities. The newest unit of Plant Vogtle to be linked to the electric grid has a capacity of 1,114 megawatts, the USA Energy Information Administration (EIA) said in a news release Tuesday. The country now has 95,881 MW of power generation through nuclear reaction, at 93 operating commercial reactors, most of which were built between 1970 and 1990, according to the EIA. The startup of the unit means a nuclear reactor has been activated for the…
Iran’s Islamic Revolutionary Guard Corps started naval drills around Persian Gulf islands whose sovereignty is disputed by the United Arab Emirates. The exercise includes troops, vessels, missiles and drones and aims to showcase the IRGC’s readiness to defend the islands, focused on Abu Musa, Iran’s state-run Islamic Republic News Agency reported on Wednesday. The three small islands include Abu Musa and are near the Strait of Hormuz, a strategic waterway through which many of the oil exports from countries such as Saudi Arabia and Iraq are shipped. It has been held by Iran since British forces withdrew in 1971 but…
A record drop in US crude inventories is failing to lift a market that has seen a recent rally squelched by concerns about the macroeconomic outlook. West Texas Intermediate halted its recent rally, settling below $80 on Wednesday. Traders said markets are partly ignoring a government report that showed a 17.05 million-barrel plunge in US crude stockpiles last week because its so-called adjustment factor — akin to a margin of error — continues to swing wildly. That’s sowing doubt about the figures’ validity and allowing oil futures to follow equity markets lower on the US debt-rating downgrade and a hot…
Trillion Energy International has signed a farm-in deal for three oil exploration blocks in Southeastern Turkiye with Derkim Poliüretan Sanayi ve Ticaret. The company outlined that it aims to earn a 50 percent working and revenue interest in three oil blocks comprised of 151,484 hectares (374,325 acres) within the newly defined Cudi-Gabar petroleum province, Southeastern Turkiye, through the acquisition of 351 km of 2D seismic data in 2023 and the drilling of four wells in 2024. The Cudi-Gabar province is central to an active petroleum system extending up from Iraq and Syria, where Turkiye’s portion contains several major oil fields…
The behaviour of activists in targeting the private home of Australian Petroleum Production & Exploration Association (APPEA) Chair Meg O’Neill is unacceptable and strongly condemned by Australia’s oil and gas industry. That’s what APPEA Chief Executive Samantha McCulloch said in a statement sent to Rigzone, adding that APPEA and its members “are united in calling out the menacing and threatening behaviour of activists who targeted Ms O’Neill, her partner, and daughter”. “The industry respects the rights of protesters to demonstrate legally in public places, but the private homes and families of business leaders should clearly be out of bounds,” McCulloch said…
According to the latest U.S. Energy Information Administration (EIA) total energy consumption per capita ranking among U.S. states, which shows data up to 2021, Alaska had the highest energy demand per capita in the region in 2021, with 932 million Btu. Louisiana ranked a close second that year with 925 million Btu, while North Dakota was third with 905 million Btu, the ranking showed. Wyoming placed fourth, with 870 million Btu, Iowa was fifth, with 490 million Btu, Texas was sixth, with 486 million Btu, and West Virginia was seventh, with 478 million Btu, the EIA figures revealed. Rounding out…
The government of the Canadian province of Alberta is allotting $37.64 million (CAD 50 million) to move hydrogen projects forward through the organizations Alberta Innovates and Emissions Reduction Alberta (ERA). The funding will help researchers, innovators, companies, and the industry develop technologies that are critical to advancing Alberta’s Hydrogen Roadmap and Natural Gas Strategy, Alberta Innovates said in a press release Tuesday. According to the release, $18.82 million (CAD 25 million) in funding will come from ERA for later-stage innovations through its Accelerating Hydrogen Challenge, while $15.06 million (CAD 20 million) to $18.82 million (CAD 25 million) will come from…
Falcon Oil & Gas Ltd. said Tuesday it had spudded a well in the Beetaloo sub-basin in Australia’s Northern Territory, targeting to drill 10,499 feet (3,200 meters) deep. The Shenandoah South IH (SSIH), the first of two horizontal wells Falcon has scheduled for drilling this year, sits 37 miles (about 60 kilometers) from the Amungee NW-2H well (A2H), another Falcon asset that has already achieved a gas breakthrough. Both exploration projects are targeting the Amungee Member B-shale. Dublin-based Falcon earlier said gas flow at A2H, for which Falcon Oil & Gas Australia Ltd. and Tamboran (B2) Pty Ltd. are co-venturers,…