(MarineLink) - A tanker of U.S. sour crude was delivered at Germany's port of Rostock last week for the first time ever, according to sources, analysts and vessel tracking data, as local refiners test alternatives to Russian oil.
(Mining) - Global battery and minerals supply chains need to expand ten-fold to meet projected critical minerals needs by 2030, a report published by the International Energy Agency (IEA) has found.
(Wall Street Journal) Hailed as the Saudi Arabia of lithium, this California- sized chunk of terrain accounts for some 55% of the world’s known deposits of the metal, a key component in electric-vehicle batteries.
(Reuters) - Earlier this summer, four European countries agreed to develop coordinated offshore transmission links, showing how rising renewable energy targets are accelerating plans for an offshore wind grid across northern Europe.
(AG Web) - Soy-based asphalt technology discovered by accident at Iowa State University will be nationally available for commercial use next year. Researchers, who have been testing the product for roughly a decade, recently launched SoyLei Innovations, which is developing the rejuvenator product, which is a compound made of soybean oil that is mixed with recycled asphalt.
(The Maritime Executive) - To head off the supply-chain impact of a railway strike, U.S. President Joe Biden has established a presidential emergency board to help resolve a labor dispute between Class I rail carriers and their unionized workforce. The decision averts a possible large-scale labor action, which could have started as early as Monday.
(Vigor Times) - Governments around the world are offering rich subsidies and incentives to producers of hydrogen energy, which many see as a holy grail. Companies are equally excited: Hundreds of projects worth at least $600 billion have been announced. Estimates suggest demand could increase up to tenfold by midcentury.
(Drought.gov) - Extreme heat and dryness in the Southern Plains and Missouri/Arkansas led to another week of major degradations. However, parts of the Midwest (which have been experiencing flash drought) and the Southeast saw good rain and improvements. As of July 19, 2022, 44.57% of the U.S. and 51.87% of the lower 48 states are in drought.
(Port Technology) - The foundation has set itself the goal of making green hydrogen acceptable as an energy substitute in Europe – thereby advancing the energy transition and independence from Russian gas supplies.
Depending on your soil test results; nitrogen, phosphorus, and potassium are nutrients we supply year after year to our corn crop; however, there is a nutrient we might be overlooking when making fertilizer applications.
(Reuters) - Oil prices settled sharply higher on Thursday, rebounding from steep losses the previous two sessions, as investors returned their focus to tight supply despite nagging fears of a potential global recession.
(Euractiv) - A Russian court ordered the “temporary closure” on Wednesday (6 July) of the Novorossiysk oil terminal, which is key for exporting Kazakh oil, just two days after President Kassym-Jomart Tokayev told Council President Charles Michel his country is ready to send more oil to the EU.
(Progressive Railroading) - Surface Transportation Board members and other federal officials continue to hear from rail shippers and other rail industry stakeholders about ongoing freight-rail service issues and the supply-chain crisis.
(Reuters) - Brazil relaxed rules on lithium exports in a bid to cement itself as a global supplier and tap into surging demand for the metal used in electric vehicle batteries.
(Trade Arabia) - US-based Streamline Innovations has partnered with Zamil, a Saudi trading company and supplier to the energy industry, to market and deploy its environmentally forward treatment solutions for hydrogen sulfide (H2S) in the kingdom.
(E&E News) - The European Parliament postponed a vote today on parts of a sweeping climate package that includes an ambitious plan to tax the carbon content of imported goods.
(Reuters) - Slovakia said on Friday it would be hardest hit by European Union sanctions on Russian oil and it expected solidarity from Brussels to mitigate the impact.
(Progressive Rail Roading) - The Surface Transportation Board late last week issued a notice of proposed rulemaking (NPRM) to amend its emergency service rules to provide relief for shippers in situations that require immediate relief.
(Reuters) - Global commodities trader Trafigura Group will stop all purchases of crude oil from Russia's state company Rosneft (ROSN.MM) by May 15 when tighter EU rules on Russian oil sales come into effect, a company spokesperson said on Tuesday.
(MSN) - Exxon Mobil aims to become a leading producer of lithium for electric vehicle batteries through a drilling operation the oil giant is launching in Arkansas, the company announced Monday.
(The Wall Street Journal) - Exxon Mobil struck a nearly $60 billion agreement Wednesday to buy Pioneer Natural Resources in the largest oil-and-gas deal in two decades, tying the energy giant's future to fossil fuels.
Tessenderlo Kerley, Inc. held a celebratory groundbreaking to mark the commencement of construction on a new liquid fertilizer facility in Defiance, Ohio. The new 50,000-square-foot production facility will occupy 50 acres and is set to become operational in 2024. The facility will service the Eastern Great Lakes Region through its distribution partners and will include terminal loadouts for rail cars and tanker trucks.
(Reuters) - Ford Motor Co (F.N) said on Thursday it will buy lithium from ioneer Ltd's (INR.AX) Rhyolite Ridge mining project in Nevada and use the metal to build electric vehicle batteries in the United States.
(The Daily Scoop) - "The closing of this acquisition marks Koch's first substantial investment on the African continent," said Brad Razook, Executive VP of Koch Industries and CEO, Resources. "We are excited to add another nutrient to the KAES portfolio in collaboration with a world-class partner."
(The Wall Street Journal) - Political uncertainty is clouding prospects for new drilling in the Gulf of Mexico, but Shell PLC—the Gulf’s biggest producer—is still investing billions of dollars in its waters to pump oil for years to come.
(Elko Daily) - Alot has been happening with the Rhyolite Ridge lithium/boron project in recent months.
“On March 31, U.S. President Joe Biden announced plans to invoke the Defense Production Act to provide hundreds of millions in new subsidies for the mining of minerals critical for the wind, solar and electric vehicles industries.
(MSN) - Penflex Corporation recently became the newest member of The Sulphur Institute (TSI), an international, non-profit organization dedicated to advocating for the safe use of sulfur.
(Agri Business Global) - Koch Ag & Energy Solutions (Koch) and OCP have signed an agreement under which a Koch affiliate will acquire a 50% interest in Jorf Fertilizers Company III (JFC III) from OCP, the world's largest phosphate mining and leading global fertilizer group. When closed, the transaction will establish a 50/50 joint venture.
(Reuters) - Exxon Mobil Corp (XOM.N) on Tuesday reported a fourth-quarter profit of $8.87 billion, its largest in seven years, as the top U.S. oil producer benefited from strong energy prices.