A supplemental report to the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2021 (AEO2021) describes how EIA uses a ratio of a power plant’s revenue to its cost (or value-cost ratio) as a simple metric to explain the economic competitiveness and, in turn, the types of power plants most likely to be built in EIA’s long-term model for the U.S. energy sector.
AJOT | February 23, 2021 | Energy News | Ports & Terminals
Clean VLCC Silverstone has embarked on another clean cargo voyage, having left Rotterdam February 19 with 2 million barrels of gasoil and signaling for Lome, Togo. 740,000 bbls were loaded via ship-to-ship from Vopak Terminal Europoort on February 8, and another 1.26mn bbls via ship-to-ship in the Europoort Lightering zone on February 19.
AJOT | February 22, 2021 | Maritime News | Technology | Energy News
Singapore-based independent test and research facility Maritec is advising shipowners on how best to meet IMO 2020 fuel testing requirements following reports of excessive sulphur in some very low sulphur fuel oils.
InstaFreight has been contracted to organize transportation of Shell lubricants from Germany to Shell warehouses across Europe. By optimizing routes via road and rail transport, InstaFreight enables Shell to cut CO2e emissions of the transports up to half, which equals a saving of more than 260 metric tons of CO2e per year.
The U.S. Energy Information Administration (EIA) collects data on whether an electric generator is owned by one company or jointly owned by several companies, and for those jointly owned, each owner’s share of ownership. In 2019, about 14% of the 1,099 gigawatts (GW) of total operational U.S. electricity generating capacity was jointly owned.
The Covid-19 downturn has once again caused employment rates to plummet in the oil and gas industry. Even though some uptick is expected when the recovery arrives, employment will never return to the glories of just a few years ago. However, there is an energy segment that will be the new hiring haven for energy jobs, a Rystad Energy analysis shows – offshore wind.
Last weekend, a major winter weather system characterized by extreme cold spread across much of the central United States, disrupting energy systems and causing serious health and safety issues, particularly in Texas. At the same time that the cold weather increased energy demand, it also affected energy supply, causing intense and widespread energy market disruptions. Notably, electricity deliveries have been disrupted in the parts of Texas served by the Electric Reliability Council of Texas (ERCOT) as a result of various issues related to plant operations.
The downturn brought by the Covid-19 pandemic and the accelerating energy transition has created a new reality for the world’s oil and gas industry, whose production will peak lower and earlier than expected before the 2020 market crisis, a Rystad Energy analysis shows. The five integrated supermajors – ExxonMobil, BP, Shell, Chevron and Total – posted a combined record loss of $76 billion in 2020.
We are now in the middle of the first quarter of 2021 and the tanker market remains very weak. We are not expecting any significant change during this quarter – but, as we wrote in the 2020 year-end report, we believe that there will be a gradual strengthening from Q2 onwards.
AJOT | February 18, 2021 | Maritime News | Technology | Energy News
Opsealog, a French company specialising in performance management for the marine logistics sector, has secured a contract with ADNOC Logistics & Services, the maritime arm of ADNOC (Abu Dhabi National Oil Company) to apply its cutting-edge performance management solution Marinsights to ADNOC Logistics & Services' offshore fleet.
According to the U.S. Energy Information Administration’s (EIA) February 2021 Short-Term Energy Outlook (STEO), EIA forecasts that U.S. liquefied natural gas (LNG) exports will exceed natural gas exports by pipeline in the first and fourth quarters of 2021 and on an annual basis in 2022. Monthly U.S. LNG exports exceeded natural gas exports by pipeline by nearly 1.2 billion cubic feet per day (Bcf/d) in November 2020, according to EIA’s Natural Gas Monthly. LNG exports have only exceeded natural gas exports by pipeline once since 1998—in April 2020—by 0.01 Bcf/d.