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Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Rystad Energy’s daily market comment from our Oil Markets Analyst Louise Dickson
| June 11, 2021 | Energy News | Conventional | By The Numbers
Tourmaline to buy Canada shale rival, eyes future LNG exports
| June 11, 2021 | Energy News | Conventional | International Trade
Global oil demand to hit pre-virus level next year, IEA says
| June 11, 2021 | Energy News | Conventional
China is racing to build coal storage capacity as prices soar
| June 11, 2021 | Energy News | Conventional
Anglo’s coal retreat may boost South African fossil-fuel output
| June 11, 2021 | Energy News | Conventional
Naftogaz CEO pressing U.S. to block Nord Stream 2 completion
| June 10, 2021 | Energy News | Conventional
Supply disruptions and rising demand boosted East Coast petroleum product imports in March
| June 10, 2021 | Energy News
Imports of petroleum products—gasoline, distillate, and other products—into the East Coast region of the United States increased in March 2021. Rising imports resulted from lower domestic supply, higher demand, and higher domestic petroleum product prices compared with prices in Europe. In March, East Coast petroleum product imports averaged 1.4 million barrels per day (b/d). In addition, East Coast gasoline imports averaged 737,000 b/d, the highest March level since 2009, and East Coast distillate imports averaged 421,000 b/d, the highest March level since 2003.
Treating the US oil industry’s dark water: As earthquakes increase, billions needed to switch course
| June 10, 2021 | Energy News
A worrying Rystad Energy analysis of seismic activity in the US’ key oil producing regions reveals that the number of noticeable earthquakes has been increasing year after year since 2017.
Russia sold $5 billion in May as part of oil fund dollar dump
| June 10, 2021 | Energy News
Strategic Marine delivers pair of 27m crew transfer vessels to WEM Marine Ltd
| June 09, 2021 | Energy News | Alternative
Strategic Marine (S) Pte Ltd, a leading Singapore based shipbuilder and part of Strategic Marine Holdings Pte Ltd, today successfully delivered a pair of 27m CTVs to WEM Marine Ltd, a UK-based offshore support vessel (“OSV") provider with a growing fleet servicing the renewable offshore wind energy sector. This is WEM’s first order with the Strategic Marine Group.
Ørsted joins Norwegian offshore wind consortium with Fred. Olsen Renewables and Hafslund Eco
| June 09, 2021 | Energy News | Alternative
Ørsted joins consortium with Fred. Olsen Renewables and Hafslund Eco establishing a long-term partnership to develop offshore wind in Norway and to compete in Norway's upcoming application round for offshore wind areas.
Electric power sector CO2 emissions drop as generation mix shifts from coal to natural gas
| June 09, 2021 | Energy News
Over the past 15 years, the U.S. electricity generation mix has shifted away from coal and toward natural gas and renewables, resulting in lower CO2 emissions from electricity generation. In 2019, the U.S. electric power sector produced 1,724 million metric tons (MMmt) of CO2, 32% less than the 2,544 MMmt produced in 2005.
First Solar to double US panel-making capacity with new plant
| June 09, 2021 | Energy News | Alternative
First Solar Inc., the largest U.S. solar-panel maker, plans to invest $680 million in a new factory in Ohio to more than double its manufacturing capacity in the country.
Interior Department to explore offshore wind potential in the Gulf of Mexico
| June 09, 2021 | Energy News | Alternative
The Department of the Interior has announced its intent to assess potential opportunities to advance clean energy development on the Gulf of Mexico Outer Continental Shelf (OCS). This significant milestone is part of the Biden-Harris administration’s goal to create thousands of jobs through the deployment of 30 gigawatts (GW) of offshore wind by 2030.
Iran plots oil output hike as it says Vienna talks progressing
| June 09, 2021 | Energy News
US company bets on solar manufacturing upturn with new plant
| June 08, 2021 | Energy News
A U.S. energy company is betting it can help revive domestic solar manufacturing by moving a panel factory from the Pacific Northwest to Upstate New York and cashing in on government support.
First of 40 Concordia Damen inland waterway tankers launched
| June 07, 2021 | Energy News
The first of 40 inland waterway barges that are being built by Concordia Damen has been launched at the casco yard in Serbia. Concordia Damen signed the contract for the environmentally friendly vessels late last year.
In 2020, natural gas exports and natural gas for electricity reached record highs
| June 07, 2021 | Energy News
In 2020, both natural gas consumption by the U.S. electric power sector and natural gas exports reached record highs, despite a 2% annual decline in domestic dry natural gas production. Dry natural gas production doesn’t include natural gas plant liquids (NGPL), such as ethane and propane. In 2020, NGPL production grew to a record-high 2.7 trillion cubic feet (Tcf), up 7% from 2019. Our U.S. natural gas flow diagram shows the volume of U.S. natural gas supply (production, imports, and withdrawals from storage) and disposition (consumption, exports, and additions to storage) in 2020.
Ørsted Offshore North America Names Troy Patton as COO
| June 04, 2021 | People | Appointments | Energy News | Alternative
Ørsted announced that it has named Troy Patton as COO of its Offshore North American region.
EIA: New infrastructure increases takeaway capacity out of West Texas
| June 04, 2021 | Energy News | Conventional
Recent completions of pipeline projects in Texas and Mexico have increased natural gas transportation capacity from the Waha Hub—located near Permian Basin production activities in West Texas—to the Gulf Coast and to Mexico.
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