Energy News
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Canada’s trade surplus widens on oil exports, auto rebound
| December 07, 2021 | Energy News | International Trade | Commodity
Propane ready to ensure equity & reduce carbon emissions under Infrastructure Act
| December 06, 2021 | Energy News | Alternative
Oil rises on Omicron’s mild symptoms, Saudi Aramco’s January pricing - Rystad Energy
| December 06, 2021 | Energy News | Conventional | By The Numbers
Brazil was the only South American country to increase crude oil production in 2020
| December 06, 2021 | Energy News | Conventional | By The Numbers
Brazil was the only oil-producing country in South America to report an increase in crude oil and condensate production in 2020 compared with 2019, according to our Country Analysis Brief: Brazil, which we updated this summer.
More OPEC production and higher global natural gas prices widen crude oil price spreads
| December 03, 2021 | Energy News | Conventional | By The Numbers
Rising crude oil exports from OPEC members that produce mostly medium-sulfur or high-sulfur crude oils, also called sour crude oils, and higher natural gas prices have contributed to lower prices for sour crude oils relative to low-sulfur (sweet) crude oils.
Oil rises as the market downplays the Omicron threat and brushes off bearish OPEC+ outcome - Rystad Energy
| December 03, 2021 | Energy News | Conventional | By The Numbers
MOL and Flotation Energy to explore offshore floating wind in Japan
| December 03, 2021 | Energy News | Alternative
Mitsui O.S.K. Lines, Ltd. and Flotation Energy plc. have agreed to jointly evaluate offshore wind development opportunities in Japan.
Billionaire Adani’s disputed mine shows ditching coal isn’t easy
| December 02, 2021 | Energy News | Conventional
Surprise OPEC+ supply boost offers rare cheer for oil tankers
| December 02, 2021 | Energy News | Conventional | Logistics
Oil prices at a crossroad ahead of OPEC+ meeting as Omicron looms - Rystad Energy
| December 02, 2021 | Energy News | Conventional | By The Numbers
In 2020, the value of energy trade between the United States and Canada declined
| December 02, 2021 | Energy News | Conventional | By The Numbers
In 2020, the value of U.S. energy imports from Canada totaled $58 billion—accounting for more than one-fifth of the value of all U.S. imports from Canada. The value of U.S. energy imports from Canada fell by 31% in 2020 compared with 2019, and the value of U.S. energy exports to Canada fell 34%, according to data from the U.S. Census Bureau.
Triggering more lockdowns, Omicron could cost oil demand almost 3 million bpd in early 2022
| December 02, 2021 | Energy News | Conventional | By The Numbers
The new Omicron variant of Covid-19 could cost the global oil market as much as 2.9 million barrels per day (bpd) of demand in the first quarter of 2022, bringing total expected demand down from 98.6 million bpd to 95.7 million bpd, if it triggers more lockdowns or restrictions, Rystad Energy projects.
US shale spending set to shake off uncertainty and jump 19% in 2022
| December 02, 2021 | Energy News | Conventional | By The Numbers
US shale expenditure is projected to surge 19.4% next year, leaping from an expected $69.8 billion in 2021 to $83.4 billion, the highest level since the onset of the Covid-19 pandemic and signaling the industry’s emergence from a prolonged period of uncertainty and volatility, according to a Rystad Energy report.
Norway’s Eksfin tops NOK 10bn in offshore wind financing
| December 02, 2021 | Project / Heavy Lift News | Energy News | Alternative
Export Finance Norway (Eksfin) has reached a new milestone of NOK 10.3bn (EUR 1.04bn) in loans and guarantees for offshore wind projects worldwide.
ExxonMobil Announces Corporate Plans to 2027
| December 01, 2021 | Energy News | Conventional
Ørsted enters into power purchase agreements with Johnson & Johnson in Ireland and the U.S.
| November 30, 2021 | Energy News | Alternative
Johnson & Johnson and Ørsted have signed two power purchase agreements (PPAs). Johnson & Johnson will purchase energy from Sparta Solar in Texas, U.S., and from the two onshore wind farms Kilgarvan and Booltiagh 1 in Ireland.
Oil slips on Covid vaccine efficacy concerns – Rystad Energy
| November 30, 2021 | Energy News | Conventional | By The Numbers
Oil recovers as market corrects Friday’s panic selloff - Rystad Energy
| November 29, 2021 | Energy News | Conventional | By The Numbers
Interior Department approves second major offshore wind project in U.S. Federal waters
| November 29, 2021 | Project / Heavy Lift News | Energy News | Alternative
As part of the Biden-Harris administration’s goal to deploy 30 gigawatts (GW) of offshore wind energy by 2030, the Department of the Interior today announced it has approved the construction and operations of the South Fork Wind project offshore Rhode Island.
Recent legislation would reduce the U.S. Strategic Petroleum Reserve
| November 29, 2021 | Energy News | Conventional | By The Numbers
On Tuesday, November 23, the White House announced plans to make 50 million barrels of crude oil available to the market through a combination of exchanges and accelerating previously announced sales.
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