Energy

Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.

US and Germany end energy rift with Nord Stream 2 agreement

Bloomberg | July 21, 2021 | Energy

U.S., Germany warn Russia in draft Nord Stream 2 accord

Bloomberg | July 20, 2021 | Energy | Conventional

EIA: U.S. crude oil exports reached record levels in 2020 and remain high in 2021

AJOT | July 20, 2021 | Energy | Conventional | By The Numbers

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United States continued to lead global petroleum and natural gas production in 2020

AJOT | July 19, 2021 | Energy | Conventional | By The Numbers

More petroleum and natural gas was produced in the United States than in any other country during 2020 (a trend that began in 2014), despite year-on-year declines from the record-high production in 2019.

Tackling the fuel conversion conundrum

AJOT | July 19, 2021 | Energy | Alternative

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MOL: Carbon recycled methane can be recognized as zero emission ship fuel

AJOT | July 19, 2021 | Energy | Alternative

Efforts to achieve zero emission by methanation technology published in journal of JIME

MSC and Shell sign collaboration agreement on decarbonizing shipping

Fit for 55 package – analysing the impact on European industry

AJOT | July 16, 2021 | Energy | Alternative

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Average US construction costs for solar generation continued to fall in 2019

AJOT | July 16, 2021 | Energy | Alternative

The annual capacity-weighted average construction costs for solar photovoltaic systems in the United States continued to decrease in 2019, dropping by a little less than 3%, according to our latest data on newly constructed utility-scale electric generators. The average costs for wind turbines remained relatively stable in 2019, increasing $9 per kilowatt (kW), or a little less than 1% from the 2018 average. Costs for natural gas-fired generators had the largest change from 2018 to 2019, increasing $241/kW, or almost 29%.

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How the world’s first carbon border tax may play out

The European Union wants to enact the world’s first pollution-import levy on global competitors. The details will take a while to hash out.

Kinder Morgan to purchase renewable natural gas developer Kinetrex Energy

AJOT | July 16, 2021 | Energy

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US natural gas exports to Mexico reach record highs in June 2021

AJOT | July 16, 2021 | Energy

Natural gas exports from the United States to Mexico surpassed 7 billion cubic feet per day (Bcf/d) on multiple days during June, according to pipeline data from Wood Mackenzie. The record high for the month was 7.4 Bcf/d on June 24. Increased power demand, high temperatures, and greater industrial demand, combined, drove the increased demand for natural gas. New pipeline additions have helped facilitate the increased volume of natural gas flowing to natural gas-fired power plants, industrial plants, and pipeline interconnections throughout Mexico.

When Europe’s proposed carbon rules hit oil guzzling industries

Air Cargo

Bloomberg | Top Story | July 16, 2021

When Europe’s proposed carbon rules hit oil guzzling industries

The EU’s sweeping proposals to curb greenhouse emissions are likely to upend the continent’s oil demand over the years and decades to come. Here’s a run through the plans -- and key timings -- for aviation, shipping and makers of road-fuel.

Singapore says S$5 carbon tax a start’ as it eyes higher levy

Bloomberg | July 16, 2021 | Energy | Alternative

China’s heat wave is pushing coal prices toward record level

Bloomberg | July 16, 2021 | Energy

Merkel, Biden differ on pipeline, agree to limit Russian clout

Bloomberg | July 15, 2021 | Energy | International Trade

China’s heat wave is helping to drive coal prices higher again

Bloomberg | July 15, 2021 | Energy

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Brent crude oil price forecast to average $72 per barrel in the second half of 2021

AJOT | July 15, 2021 | Energy

In the July Short-Term Energy Outlook (STEO), we forecast the Brent crude oil price will average $72 per barrel (b) in the second half of 2021 (2H21) and $67/b in 2022, both $6/b higher than in the June STEO forecast. We revised global production down by 210,000 barrels per day (b/d) in 2H21, leading to larger forecast inventory draws in 2H21 and smaller forecast inventory builds in 2022, which contributes to the increased price forecast.

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Weaker US Gulf coast gasoline inventories pull cargoes away from the East Coast

AJOT | July 15, 2021 | Energy

LR1 Silver Venus loaded 315,000 bbls of gasoline at the Petrobras Rio de Janeiro terminal July 1, before heading north signaling for New York. The vessel then changed direction on July 13, heading west and is now signaling for Houston.