Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Maersk makes $1.4 billion green bet on methanol-powered ships
Ørsted Offshore North America welcomes new Head of Government Affairs and Market Strategy and new Head of Communications and Public Affairs
| August 24, 2021 | Energy | Alternative
Global hybrid electric vehicles market to surge at a staggering 14% CAGR through 2031: Fact.MR study
| August 24, 2021 | Energy | Alternative
Crowley, MMA partner to train offshore wind workforce
| August 24, 2021 | Energy | Alternative
Crowley Maritime Corporation and Massachusetts Maritime Academy (MMA) will create a first-of-its-kind training and workforce development program dedicated specifically to the New England region’s offshore wind energy industry.
Chevron expanding push into dairy-to-gas fuel to cut rmissions
| August 24, 2021 | Energy
Saudi second-quarter exports jump on eased lockdown, oil rally
| August 24, 2021 | Energy
‘Distressed’ crude from Venezuela, Iran stacks up off Singapore
| August 23, 2021 | Energy
US holds largest sale of strategic oil reserves in 7 years
| August 23, 2021 | Energy
US holds this year’s largest sale of strategic oil reserves
| August 23, 2021 | Energy
Associated natural gas production declines in 2020, following three years of growth
| August 23, 2021 | Energy
In 2020, annual production of associated-dissolved natural gas (or associated gas)—which is natural gas produced from oil wells—declined in the combined five major U.S. onshore crude oil-producing regions for the first time since 2016. The share of associated gas produced in these five regions (Permian, Bakken, Eagle Ford, Niobrara, and Anadarko) declined by 1.5% year over year and averaged 37.7% of natural gas production in the regions. Associated gas production averaged 14.2 billion cubic feet per day (Bcf/d) in 2020 (a 4.1% decline from 2019) amid a 9.2% drop in oil production in these regions.
Taliban regime seek hike in Iran fuel imports as prices jump
| August 23, 2021 | Energy
Asia has too much diesel and it’s likely headed to Europe
| August 22, 2021 | Energy
US sanctions Russian insurer in new Nord Stream 2 report
| August 20, 2021 | Energy | International Trade
Octillion moves US headquarters to Richmond, CA
| August 20, 2021 | Energy | Alternative
DNV awards AiP to SHI for VLCC fuel ready design
| August 20, 2021 | Energy
US large-scale battery storage capacity up 35% in 2020, rapid growth set to continue
| August 20, 2021 | Energy | Alternative
The United States continued a trend of significant growth in large-scale battery storage capacity in 2020, when year-end U.S. battery power capacity reached 1,650 megawatts (MW). According to our report, Battery Storage in the United States: An Update on Market Trends, U.S. battery power capacity grew by 35% in 2020 and has tripled in the last five years. The trend is expected to continue; utilities have reported plans to install over 10,000 MW of additional large-scale battery power capacity in the United States from 2021 to 2023—10 times the capacity in 2019.
On the water: UECC’s second LNG battery hybrid PCTC
| August 19, 2021 | Energy | Alternative | Maritime | Breakbulk News
UECC’s ambitious effort to upgrade its fleet with low-carbon vessels remains on track with the launch this week of the second in a series of three LNG battery hybrid newbuilds at a Chinese yard.
US crude exports return to form
| August 19, 2021 | Energy
Today's weekly EIA report showed US crude exports rebounding to 3.43 million barrels per day. This return to form was aided by the first Alaskan loading of ANS since early June, and bolstered by a VLCC export from LOOP last Thursday. Weekly Beaumont loadings also reached their highest since the week ending April 2.
Jet fuel struggles: Asian demand lags so badly that Europe topped it for first time since mid-2010
| August 19, 2021 | Energy
International aviation restrictions are still preventing jet fuel from recovering as fast as other oil products, a Rystad Energy analysis reveals.
Electricity demand in lower 48 states reached a high of 720 gigawatthours on August 12
| August 19, 2021 | Energy
On August 12, 2021, most of the United States registered a daily high temperature above 90°F. Our Hourly Electric Grid Monitor shows that hourly electricity demand in the Lower 48 states reached 720 gigawatthours (GWh) for the hour ending 5:00 p.m. eastern daylight time (EDT) on that day, which is the highest reported value for a single hour since balancing authorities (BAs) began reporting hourly electricity demand to us in July 2015. The previous hourly high was 718 GWh reported for the hour ending 6:00 p.m. EDT on July 20, 2017.
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