Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Revolutionary Damen Fast Crew Supplier 7011 begins final commissioning
| February 07, 2022 | Energy
The last phase of the commissioning of the first of Damen’s ground-breaking Fast Crew Supplier (FCS) 7011 class – the Aqua Helix - is now underway with its Ampelmann gangway installed and integrated with the ship’s systems during the last days of 2021.
China criticizes U.S. for extending tariffs on imported solar
DOE announces $20 million to lower costs of geothermal drilling
| February 04, 2022 | Energy | Alternative
Utilities’ carbon-reduction goals will have little impact on U.S. CO2 emissions
| February 04, 2022 | Energy | Alternative | By The Numbers
Executing several plans announced by U.S. power utilities to reduce carbon dioxide (CO2) emissions would have a minor effect on U.S. energy-related CO2 reductions, according to the analysis we published earlier this week.
Oil prices rally to seven-year highs on tight supply outlook, cold snaps
| February 04, 2022 | Energy | Conventional | By The Numbers
Texas grid faces fresh hurdle as freeze deepens overnight
| February 04, 2022 | Energy | Conventional
The biggest test of Texas’s newly fortified power grid will arrive around sunrise Friday, when electricity demand may set a record as waking residents crank up their heaters in the sub-freezing cold.
U.S. cements LNG export crown as Venture Global fires up plant
| February 03, 2022 | Energy | Conventional
Mitsubishi Shipbuilding completes conceptual study on floating storage and regasification unit (FSRU) for ammonia together with Mitsui O.S.K. Lines
| February 03, 2022 | Energy | Alternative | Maritime | Technology
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has completed a conceptual study, in a joint effort with Mitsui O.S.K. Lines, Ltd. (MOL), on floating storage and regasification unit (FSRU) for ammonia. The study is aimed at promoting utilization of ammonia as an energy source that contributes to decarbonization, and the introduction of ammonia FSRU all over the world.
BlackRock, NextEra pitch EV charging network for US truck routes
PSW enters into strategic agreement with Cameron
| February 03, 2022 | Energy
Scana-owned PSW Technology has signed an exclusive license agreement with global oil service provider Cameron – a Schlumberger company.
New England natural gas and electricity prices increase on supply constraints, high demand
| February 03, 2022 | Energy
The spot natural gas price at the Algonquin Citygate, a trading hub and the benchmark for the natural gas price in New England, averaged $20.55 per million British thermal units (MMBtu) during January 2022—the highest monthly average price since February 2014—and exceeded $28/MMBtu on several days as part of a pattern of price spikes this winter.
Svitzer awarded Western Australia LNG terminal contract with Woodside
| February 03, 2022 | Energy | Maritime | Bulk | Ports & Terminals
Svitzer, a leading global towage provider and part of Maersk, has entered into a 12 year contractual arrangement with Woodside Energy Limited (Woodside) for the provision of towage and pilot transfer services at Woodside’s LNG export operations in the Port of Dampier, commencing from the end of 2023.
US NGL output surges to a record high on strong GoM supply and increased ethane recovery
| February 03, 2022 | Energy
Natural gas liquids (NGL) output from processing plants in the US hit a new record high in November 2021, reaching 5.84 million barrels per day (bpd) as a result of a recovery in Gulf of Mexico supplies post-Hurricane Ida and improved ethane processing efficiency, Rystad Energy research indicates. The surge has helped push total US hydrocarbon liquids output to more than 17.3 million bpd, almost back to pre-Covid-19 levels.
US holds world’s top LNG exporter spot on European energy crisis
| February 03, 2022 | Energy | Maritime | Bulk
The U.S. held its ranking as the world’s top exporter of liquefied natural gas for a second month in a row, as Europe’s winter energy crisis draws more cargoes to the continent.
Constellation’s CEO sees hydrogen as key in push to cut carbon
| February 03, 2022 | Energy | Alternative
China’s new energy heavy trucks will see more growth in 2022
| February 03, 2022 | Energy | Alternative | Intermodal | Trucking
The future of oil demand will in part be determined by those vehicles.
Estonia seeks to expand EU sanctions on Belarusian oil products
| February 03, 2022 | Energy | International Trade | Commodity
Pemex holds back barrels in bid to ramp up domestic fuelmaking
| February 03, 2022 | Energy
Biden scours globe to send Europe gas if Russia hits Ukraine
| February 02, 2022 | Energy
US propane prices fell from multiyear highs after a mild start to the winter
| February 02, 2022 | Energy
A mild start to this winter’s heating season caused U.S. propane prices to decline from the highest starting prices for a heating season since 2014. The wholesale propane price at the U.S. benchmark at Mont Belvieu, Texas, reached $1.51 per gallon (gal) on October 5, 2021, and has since declined to $1.30/gal as of January 31, 2022.
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