Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
US gasoline barges head to Western Canada after flood damage
| November 23, 2021 | Energy | Maritime | Bulk | Ports & Terminals
U.S. barges carrying gasoline are headed to Canada’s west coast to deliver much-needed fuel to a region cut off from the rest of the country after last week’s rainstorms brought flooding and landslides that damaged transportation links.
US sanctions ship involved in finishing Nord Stream 2 pipeline
| November 23, 2021 | Energy
U.K. energy bills to balloon as consumers pay for Bulb collapse
| November 23, 2021 | Energy
Keystone pipeline developers seek $15 billion from US for cancellation
| November 23, 2021 | Energy
Wind giant Vestas drops as cyber attack risks output delays
| November 22, 2021 | Energy | Alternative | Project / Heavy Lift | Maritime Project
Ørsted acquires Lincoln Land Wind in Illinois in continued expansion of its operational footprint in the US
| November 22, 2021 | Energy | Alternative
With the acquisition of the 302 MW operational wind farm, Ørsted enters the U.S. MISO market, which covers 15 states in the Midwest and the South. Lincoln Land Wind is fully contracted via power purchase agreements (PPAs) with Meta, formerly the Facebook company, and McDonald’s Corporation (‘McDonald’s’). Lincoln Land Wind reached commercial operation on November 17.
Searoutes raises €2.4 million to reduce shippers’ GHG emissions
| November 22, 2021 | Energy | Alternative | Maritime | Technology
Searoutes, the Marseilles-based start-up that helps shippers reduce the carbon footprint of their transport, has announced a €1.3 million financing round led by WSB Beteiligungs, the venture capital firm founded by Wolf Scheder.
Most planned US natural gas-fired plants are near Appalachia and in Florida and Texas
| November 22, 2021 | Energy
Between 2022 and 2025, 27.3 gigawatts (GW) of new natural gas-fired capacity is scheduled to come online in the United States, according to our latest Monthly Electric Generator Inventory. This added capacity would increase current capacity (489.1 GW as of August 2021) by 6%. Many of the planned natural gas-fired capacity additions are located close to major shale plays in the Appalachia region and Texas and in Florida.
Shale getting stingy? Reinvestment rates in the US hit historic lows in Q3 shaping record free cash flow
| November 22, 2021 | Energy
Reinvestment rates among US shale oil producers hit an all-time low in the third quarter of 2021, resulting in a record free cash flow for the quarter, and are projected to fall even lower by year-end according to a Rystad Energy analysis.
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World’s first inline active heave compensator successfully tested by Seaqualize, together with Van Oord
| November 22, 2021 | Energy | Alternative | Project / Heavy Lift | Maritime Project
In no less than 62 hours of rigorous offshore testing, tech scale-up Seaqualize successfully completed offshore trials for its inline Active Heave Compensator (iAHC), the ‘Delta600’. Together with testing partners Van Oord and nautical research institute MARIN, the offshore lifting tool was tested for fixed-to-floating, floating-to-fixed and floating-to-floating transfers of 300mT loads. The Delta600 is DNV certified and ready for work.
Shell to acquire energy retailer, Powershop Australia
| November 22, 2021 | Energy
Several Rotterdam terminals to be ready for hydrogen imports by 2025
| November 22, 2021 | Energy | Alternative | Ports & Terminals
Crowley advances major fuel services project in Australia with Saunders International
| November 22, 2021 | Energy
Crowley has reached agreement with Saunders International Ltd. to provide engineering, procurement, construction and management (EPCM) services, as well as construction of multiple bulk fuel storage tanks. The agreement is a vital component to enable Crowley’s fuel management and storage services in Darwin, Australia, serving U.S. military operations in the Pacific.
Fuel switch cuts greenhouse gases at Port of Long Beach
| November 19, 2021 | Energy | Alternative | Ports & Terminals
SSA moves to renewable diesel for cargo-handling equipment
EIA expands data coverage of biofuels in its Monthly Energy Review
| November 19, 2021 | Energy
In October 2021, we began publishing expanded data on biofuels other than ethanol in our Monthly Energy Review (MER), including production, imports, feedstocks, and consumption. The expanded biofuels data provide a more detailed look at fuels previously grouped under renewable fuels except ethanol, which is now split into biodiesel, renewable diesel, and other biofuels.
Cost inflation will hit the US oil and gas supply chain in coming years, starting with a surge in EPCI
| November 19, 2021 | Energy
Supply chain costs are set to increase for oil and gas projects in the US in coming years, with the engineering, procurement, construction and installation (EPCI) segment being the first to record a double-digit percentage hike in costs, a Rystad Energy report forecasts. EPCI costs, mostly driven by climbing wages and material costs, are set to gain about 10% in 2023 from current levels.
World’s biggest shipping company makes history with green bond
| November 19, 2021 | Energy | Alternative | Maritime | Liner Shipping
Global shipping is under pressure to ease pollution after COP26
| November 19, 2021 | Energy | Alternative | Maritime | Technology
Global talks on how to clean up shipping are set to begin Monday as momentum builds to cut pollution from the sector.
Russia boosts diesel exports to US amid European spat
| November 19, 2021 | Energy
A fleet of tankers laden with Russian diesel heading to the U.S. East Coast may help to alleviate the most expensive retail prices for the fuel in seven years.
EIA forecasts crude oil prices will decline during 2022
| November 18, 2021 | Energy
Since the third quarter of 2020, global consumption of crude oil and petroleum products has increased faster than production, which has caused lower inventory levels and higher crude oil prices. In our November Short-Term Energy Outlook (STEO), we forecast that rising production from OPEC+ countries and the United States will lead to global liquid fuels inventories increasing and crude oil prices falling in 2022.
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