Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
WTI, Brent crude prices diverge, threatening US trade balance
| January 31, 2022 | Energy
BP’s Russian risk rises again as Ukraine crisis simmers
| January 31, 2022 | Energy
Permian new well productivity set to breach 1,000 boepd in 2022 on record lateral footage
| January 28, 2022 | Energy | Conventional | By The Numbers
The average productivity of new wells in the Permian Basin is set to hit a record high in 2022, breaching past 1,000 barrels of oil equivalent per day (boepd) due to a surge in lateral well length, Rystad Energy research indicates.
EIA forecasts OPEC production will grow in 2022 despite recent production outages in Libya
| January 28, 2022 | Energy | Conventional | By The Numbers
In EIA's January Short-Term Energy Outlook (STEO), we forecast that OPEC petroleum production will increase by nearly 2.7 million barrels per day (b/d) in 2022, the largest year-over-year increase in OPEC production since 2004.
Uganda poised to give green light to large oil-export project
| January 28, 2022 | Energy | Conventional
Sky-high natural gas prices have Japan scrambling for coal
| January 28, 2022 | Energy | Conventional
Japan’s coal imports are poised to jump to the highest level in at least two years as the nation’s utilities turn to the dirtiest fossil fuel as a replacement for expensive liquefied natural gas.
Proved reserves of US crude oil and lease condensate declined by 19% during 2020
| January 27, 2022 | Energy
Because of lower oil prices in the first year of the COVID-19 pandemic, U.S. operators reported a 19% reduction in proved reserves of crude oil and lease condensate in 2020, according to our Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2020 report. Proved reserves totaled 38.2 billion barrels for the year.
The diesel market looks at risk of price spikes
| January 27, 2022 | Energy
India to curb smart meter imports to boost domestic industry
| January 27, 2022 | Energy | Alternative | International Trade
AAL moves a US petroleum refinery along its Asia–Americas trade route
Qatar’s ruler to visit Biden and discuss global energy supplies
| January 26, 2022 | Energy
DNV selected to lead “pioneering” ammonia bunkering safety study in Singapore
| January 26, 2022 | Energy | Alternative | Maritime | Technology
DNV has been selected to lead an ammonia bunkering safety study by the Global Centre for Maritime Decarbonisation (GCMD) in Singapore.
Stand-alone natural gas wells driving new growth in Saudi Arabia’s natural gas production
| January 25, 2022 | Energy
Saudi Arabia’s dry natural gas production reached an average of 11 billion cubic feet per day (Bcf/d) for the first time in 2020, a 30% increase from 2010. Oil production cuts related to the December 2016 OPEC+ agreement have reduced Saudi Arabia’s associated natural gas production (natural gas produced as a by-product of oil production). However, the country’s total natural gas output has steadily grown over the past two decades because of the development of non-associated, or stand-alone, natural gas fields.
Tropical Indonesia wants to start making a key solar panel part
| January 25, 2022 | Energy | Alternative
Four ways the Iranian nuclear talks could upend oil markets
| January 25, 2022 | Energy
US flags Mexico’s energy policy, scrutinizing trade-deal risks
| January 25, 2022 | Energy
President Joe Biden’s trade chief is reviewing the nationalist energy policies of his Mexican counterpart to see how they relate to the country’s commitments to their 2020 North American deal.
Harvey Gulf selects SailPlan to optimize fleet emissions as part of its netzero atrategy
| January 24, 2022 | Energy | Alternative | Maritime | Technology
SailPlan, the maritime cleantech company that reduces ship emissions and saves companies time and money, announced that Harvey Gulf International Marine (Harvey Gulf), one of the world's premier deepwater marine transportation companies, has entered into a commercial agreement to add SailPlan to its fleet. The company has already seen quantifiable emissions reductions beginning with the Harvey Power, a 310-foot Platform Supply Vessel. The addition of SailPlan makes the Harvey Power the first Platform Supply Vessel in North America to be equipped with a real-time emissions optimization capability.
CO2 emissions allowance prices increased in latest RGGI auction
| January 24, 2022 | Energy
The most recent Regional Greenhouse Gas Initiative (RGGI) quarterly auction (held on December 1, 2021) resulted in a clearing price of $13.00 per allowance, surpassing the previous auction’s record price of $9.30 per allowance. Each allowance represents a limited authorization for power plants to emit one short ton of CO2.
Iran may consider direct US talks over nuclear guarantees
| January 24, 2022 | Energy | Alternative
Electra signs battery recycling and cobalt supply agreement with Marubeni
| January 24, 2022 | Energy | Alternative
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