Login Join AJOT
Follow us on Twitter!    Follow us on LinkedIn!    Follow us on Facebook!

Energy News

Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.


Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen:

AJOT | April 30, 2021 | Energy News | Conventional | By The Numbers

ExxonMobil earns $2.7 billion in First Quarter 2021

AJOT | April 30, 2021 | Energy News | Conventional | By The Numbers

Chinese solar firm plans tours to rebut forced labor claims

Bloomberg | April 30, 2021 | Energy News | Alternative

An expenditure splash of $810 billion is expected for the offshore wind industry this decade
An expenditure splash of $810 billion is expected for the offshore wind industry this decade

AJOT | April 29, 2021 | Energy News

The offshore wind industry’s global installed capacity is set to exceed 250 gigawatts (GW) by 2030, driven by a surge in coming projects, a Rystad Energy report shows. The combined capital and operational expenditure for the decade is set to add up to an eye-popping $810 billion, signaling an increasing shift of investments from oil and gas to renewable energy technologies.

Cars make a Covid comeback, and that means burning more oil

Bloomberg | April 29, 2021 | Energy News

India’s Covid-19 nightmare set to balloon global oil liquids supply glut to over 1.4 million bpd
India’s Covid-19 nightmare set to balloon global oil liquids supply glut to over 1.4 million bpd

AJOT | April 28, 2021 | Energy News

The steep rise of Covid-19 infections in India and the continuously worsening situation in the country has prompted Rystad Energy to significantly downgrade its short-term global liquids demand estimate. India’s struggle will slash an extra 575,000 barrels per day (bpd) of oil liquids demand in April and 915,000 bpd in May 2021, disturbing the almost-balanced global oil market and building a sizeable glut.

Oil production in Alaska reaches lowest level in more than 40 years
Oil production in Alaska reaches lowest level in more than 40 years

AJOT | April 28, 2021 | Energy News

Crude oil production in Alaska averaged 448,000 barrels per day (b/d) in 2020, the lowest level of production since 1976. Last year's production was over 75% less than the state’s peak production of more than 2 million b/d in 1988. Production declined in 28 of the 32 years since Alaska’s oil production peak as the state’s oil fields have matured. The 4% decrease in annual oil production in Alaska in 2020 was part of a larger decline in U.S. oil production.

US energy imports declined in 2020, while exports remained largely unchanged
US energy imports declined in 2020, while exports remained largely unchanged

AJOT | April 27, 2021 | Energy News

Energy exports from the United States exceeded imports by 3.4 quadrillion British thermal units (quads) in 2020, the largest margin on record, according to EIA’s Monthly Energy Review. U.S. energy exports totaled 23.4 quads, nearly equaling the record high set in 2019, and energy imports fell 13% to 20.0 quads, the lowest level since 1992. The United States exported more energy than it imported for the second consecutive year.

Ørsted and Enefit form partnership to deliver large-scale offshore wind in the Baltics
Ørsted and Enefit form partnership to deliver large-scale offshore wind in the Baltics

AJOT | April 26, 2021 | Project / Heavy Lift News | Maritime Project | Energy News

Ørsted and Enefit have today signed a memorandum of understanding (MoU) which outlines a vision for becoming the leading offshore wind developer in the Baltic countries.

Ørsted signs power purchase agreement with Merck
Ørsted signs power purchase agreement with Merck

AJOT | April 26, 2021 | Energy News

Merck enters into an agreement to purchase energy from the Armadillo Solar Center in Navarro County, Texas. With the PPA, Ørsted is extending its industrial customer base to the pharmaceutical industry. The Center is expected to be operational by early 2023.

Rystad Energy’s daily market comment from our Vice President Oil Markets Paola Rodriguez-Masiu

AJOT | April 23, 2021 | Energy News | Conventional | By The Numbers

Oil demand to buckle in India as Covid surge wreaks havoc

Bloomberg | April 23, 2021 | Energy News | Conventional

Engen converting South Africa’s oldest refinery to terminal

Bloomberg | April 23, 2021 | Energy News | Conventional | Ports & Terminals | Terminals

A gas boom is coming in the US; A closer look at Haynesville and Appalachia reveals records and a risk
A gas boom is coming in the US; A closer look at Haynesville and Appalachia reveals records and a risk

AJOT | April 22, 2021 | Energy News

Natural gas production in the US is set to grow to a new record in 2022, at 93.3 billion cubic feet per day (Bcfd) and will continue to rise further, exceeding 100 Bcfd in 2024, a Rystad Energy analysis shows. As a result, the performance of the country’s key gas basins is going to attract increased interest from investors and markets, with CO2 emissions intensity, capital efficiency and potential bottlenecks drawing close scrutiny.

Planned refinery outages unlikely to affect US transportation fuel supplies
Planned refinery outages unlikely to affect US transportation fuel supplies

AJOT | April 22, 2021 | Energy News

According to EIA analysis, planned refinery outages during the second quarter of 2021 are unlikely to cause a significant shortfall in the supply of petroleum products in the United States, particularly in transportation fuels including gasoline, jet fuel, and distillate fuel. Despite the severe winter storm in mid-February and related unplanned outages in the Midwest and Gulf Coast regions, adequate inventory levels and lower-than-average demand will enable refineries to meet supply requirements despite planned outages for maintenance in the second quarter of 2021.

Engen to convert oldest South Africa refinery to import terminal

Bloomberg | April 22, 2021 | Energy News | Ports & Terminals

© Copyright 1999–2021 American Journal of Transportation. All Rights Reserved.