Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
In 2020, the value of energy trade between the United States and Canada declined
| December 02, 2021 | Energy | Conventional | By The Numbers
In 2020, the value of U.S. energy imports from Canada totaled $58 billion—accounting for more than one-fifth of the value of all U.S. imports from Canada. The value of U.S. energy imports from Canada fell by 31% in 2020 compared with 2019, and the value of U.S. energy exports to Canada fell 34%, according to data from the U.S. Census Bureau.
Triggering more lockdowns, Omicron could cost oil demand almost 3 million bpd in early 2022
| December 02, 2021 | Energy | Conventional | By The Numbers
The new Omicron variant of Covid-19 could cost the global oil market as much as 2.9 million barrels per day (bpd) of demand in the first quarter of 2022, bringing total expected demand down from 98.6 million bpd to 95.7 million bpd, if it triggers more lockdowns or restrictions, Rystad Energy projects.
US shale spending set to shake off uncertainty and jump 19% in 2022
| December 02, 2021 | Energy | Conventional | By The Numbers
US shale expenditure is projected to surge 19.4% next year, leaping from an expected $69.8 billion in 2021 to $83.4 billion, the highest level since the onset of the Covid-19 pandemic and signaling the industry’s emergence from a prolonged period of uncertainty and volatility, according to a Rystad Energy report.
Norway’s Eksfin tops NOK 10bn in offshore wind financing
| December 02, 2021 | Energy | Alternative | Project / Heavy Lift
Export Finance Norway (Eksfin) has reached a new milestone of NOK 10.3bn (EUR 1.04bn) in loans and guarantees for offshore wind projects worldwide.
ExxonMobil Announces Corporate Plans to 2027
| December 01, 2021 | Energy | Conventional
Ørsted enters into power purchase agreements with Johnson & Johnson in Ireland and the U.S.
| November 30, 2021 | Energy | Alternative
Johnson & Johnson and Ørsted have signed two power purchase agreements (PPAs). Johnson & Johnson will purchase energy from Sparta Solar in Texas, U.S., and from the two onshore wind farms Kilgarvan and Booltiagh 1 in Ireland.
Oil slips on Covid vaccine efficacy concerns – Rystad Energy
| November 30, 2021 | Energy | Conventional | By The Numbers
Oil recovers as market corrects Friday’s panic selloff - Rystad Energy
| November 29, 2021 | Energy | Conventional | By The Numbers
Interior Department approves second major offshore wind project in U.S. Federal waters
Recent legislation would reduce the U.S. Strategic Petroleum Reserve
| November 29, 2021 | Energy | Conventional | By The Numbers
On Tuesday, November 23, the White House announced plans to make 50 million barrels of crude oil available to the market through a combination of exchanges and accelerating previously announced sales.
BP plans green hydrogen base in U.K. as energy transition speeds up
| November 28, 2021 | Energy | Alternative
Shipping push for world-first CO2 charge stalls at IMO talks
| November 26, 2021 | Energy | Alternative | Maritime | Liner Shipping
Shipping’s global regulator signaled that a tiny CO2-based charge on vessels’ fuel consumption will not be approved at a meeting this week, underscoring the challenge facing the industry in its bid to decarbonize.
Shell sees major potential for sustainable aviation fuel in Asia
| November 26, 2021 | Air Cargo | Technology | Energy | Alternative
Chevron’s Venezuelan operations kept in limbo after Maduro’s win
| November 26, 2021 | Energy
Asian oil refining renaissance is grinding into reverse gear
| November 26, 2021 | Energy
Two more U.K. energy suppliers collapse in avalanche of failures
| November 25, 2021 | Energy
South Fork Wind receives federal record of decision, setting stage for NY’s first offshore wind farm to begin onshore construction in early 2022
| November 24, 2021 | Energy | Alternative | Project / Heavy Lift | Maritime Project
South Fork Wind, New York’s first offshore wind farm, today announced it received its Record of Decision (ROD) from the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM), successfully reaching a critical milestone in the federal environmental review.
SCAG awards $10 million to help electrify truck fleets and mitigate community impacts of last-mile deliveries
| November 24, 2021 | Energy | Alternative
Much of Biden’s oil release will likely end up in China, India
| November 24, 2021 | Energy
Average US gasoline prices are higher this Thanksgiving than any since 2012
| November 24, 2021 | Energy
The average price that consumers paid at the pump for U.S. regular gasoline on the Monday before Thanksgiving this year was $3.40 per gallon (gal). This price is $1.29/gal (62%) higher than last year and is the highest pre-Thanksgiving price since 2012 (in nominal terms), according to our latest Gasoline and Diesel Fuel Update. U.S. gasoline prices are 82 cents/gal (32%) higher than at the same time in 2019, before the COVID-19 pandemic. October 2021 had the largest recorded year-over-year increase in gasoline prices, at $1.13/gal, since we began collecting gasoline prices in 1990.
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