China is looking to pump up oil and gas production in the years ahead to meet climbing domestic demand and reduce the record-high share of imports in its oil consumption. A Rystad Energy report projects a surge in spending till 2025, which will be accompanied by a drilling spree totaling 118,000 wells that will create significant opportunities for suppliers.
AJOT | September 24, 2021 | Maritime News | Technology | Energy News | Alternative
Deltamarin and GTT have received Approval in Principle (AiP) from the classification society American Bureau of Shipping (ABS) for the LNG fueled Aframax tanker design. The AiP was received at the Gastech 2021 exhibition in Dubai.
Based on our September Short-Term Energy Outlook, we expect industrial sector natural gas consumption to rise throughout 2021 and to exceed pre-pandemic 2019 levels. We forecast the growth to continue into 2022, and natural gas delivered to industrial consumers will average 23.8 billion cubic feet per day (Bcf/d) that year. If realized, this amount would be near the current record high for annual industrial natural gas consumption set in the early 1970s.
In our latest Short-Term Energy Outlook (STEO), we forecast that electricity generation from U.S. hydropower plants will be 14% lower in 2021 than it was in 2020. Extreme and exceptional drought conditions have been affecting much of the western United States, especially California and states in the Pacific Northwest, which are home to the majority of U.S. hydropower capacity.
AJOT | September 23, 2021 | Maritime News | Technology | Energy News
Classification society DNV and the Liberian International Ship & Corporate Registry (LISCR) have awarded an Approval in Principle (AiP) to Hyundai Heavy Industries (HHI) and Korea Shipbuilding & Offshore Engineering CO. (KSOE) for a new 40,000 CBM liquified CO2 carrier design. The handover of the AiP certificate took place during the Gastech trade fair in Dubai.
AJOT | September 23, 2021 | Energy News | Intermodal News | Rail
More than half (54%) of rail tank cars carrying Class 3 flammable liquids in 2020 met new safety requirements, an increase from the 48% in 2019, according to the Fleet Composition of Rail Tank Cars Carrying Flammable Liquids: 2021 Report released today by the U.S. Department of Transportation’s Bureau of Transportation Statistics.
The Covid-19 pandemic has been devastating for the seismic industry for several quarters, keeping nearly half of its global fleet inactive – until recently. A Rystad Energy report shows that the seismic fleet’s hibernation is now over, as vessel utilization has recovered to pre-Covid-19 levels in the third quarter of 2021. About 68% of the fleet, or just over two-thirds of the vessels are now surveying or under way, while only one-third remain inactive.