Energy

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


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IAG Cargo partners with Kuehne+Nagel and Neste to launch first net zero carbon charter chain with Neste MY Sustainable Aviation Fuel

AJOT | June 29, 2021 | Air Cargo | Airlines | Energy | Alternative | Logistics

● IAG Cargo partners with Kuehne+Nagel to complete its first charter chain from Stuttgart to Atlanta in the United States using Neste MY Sustainable Aviation Fuel™ (SAF) ● IAG Cargo sourced an initial supply of 1.2million litres of neat SAF produced by Neste. The SAF is made from sustainably sourced, renewable waste and residue raw materials ● The first SAF-fuelled charter chain of 16 flights carried automotive parts, as the global automotive trade continues to thrive

Ruling the waves in green shipping regime

AJOT | June 28, 2021 | Energy | Alternative | Maritime | Technology

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Svanehøj wins fuel pump orders for 22 LNG-powered ULCV’s

AJOT | June 28, 2021 | Energy | Maritime | Technology

Svanehøj gets its breakthrough in the container ship market. Shipyard giants Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries have ordered deepwell gas fuel pumps for 22 Ultra Large Container Vessels.

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EIA estimates drilled but uncompleted wells for key oil and natural gas basins

AJOT | June 28, 2021 | Energy

We release an updated inventory of what we consider drilled but uncompleted wells (DUCs) each month in our Drilling Productivity Report (DPR). We publish updates to DUC estimates by region in a publicly accessible spreadsheet. In May 2021, the most recent month available, we estimated that the United States has about 6,521 DUCs in seven major tight oil and shale natural gas basins, up from about 4,425 DUCs in 2013, the earliest year in the data series. Nearly 40% of DUCs (or 2,616 DUCs) are in the Permian Basin, located in western Texas and eastern New Mexico.

Oil falls on profit taking ahead of bearish signs

AJOT | June 25, 2021 | Energy | Conventional | By The Numbers

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Crowley takes delivery of second ATB dedicated to Alaska fuels service

AJOT | June 24, 2021 | Energy

Crowley recently took delivery of its new 55,000-barrel, articulated tug-barge (ATB), the Aurora/Qamun. The 410-foot vessel is the second ATB in Crowley’s fleet, after the Aveogan/Oliver Leavitt, to be dedicated to the Alaska market. The ATB is specially designed to add efficiency and range to transport clean petroleum products for Crowley Fuels, the company’s Alaska-based business unit.

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Vnomics names Palum as President

AJOT | June 24, 2021 | Energy | Alternative

Expert in fuel efficiency is now managing company operations

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US ethane exports surge with additional export capacity and expanded tanker fleet

AJOT | June 24, 2021 | Energy

U.S. ethane exports reached an all-time high in March 2021 after a new export facility started operations and the tanker fleet that carries liquefied ethane overseas expanded.

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A record cash flow is brewing for the world’s public E&Ps in 2021 as US shale delivers super-profits

AJOT | June 23, 2021 | Energy

With oil trading above $70 per barrel while investment activity remains low, the world’s publicly traded exploration and production (E&P) companies are set to generate record-breaking free cash flows in 2021, a Rystad Energy report projects. Their combined FCF* is expected to surge to $348 billion this year, with the previous high being $311 billion back in 2008.

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Supplying Asia with LNG got much costlier for the US, but strong demand brings export records

AJOT | June 23, 2021 | Energy

Supplying liquefied natural gas to the growing Asian market has become more expensive for US producers this year, a Rystad Energy report reveals.

MOL starts research and development on large-scale liquefied CO2 Carrier

AJOT | June 22, 2021 | Energy | Alternative | Maritime | Technology

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US natural gas exports and non-power sector demand to drive higher prices through 2022

AJOT | June 22, 2021 | Energy

In our June 2021 Short-Term Energy Outlook (STEO), we forecast U.S. natural gas prices to increase during 2021 and 2022 from 2020 prices as a result of expected growth in natural gas consumption and natural gas exports that outpace expected growth in production and imports. We also forecast the 2021 Henry Hub natural gas spot price to average $3.07 per million British thermal units (MMBtu), an increase of $1.04/MMBtu from the record lows of 2020.

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WiSP2 project launched to further improve performance predications, rules and regulations for wind propulsion on commercial ships

AJOT | June 21, 2021 | Energy | Alternative | Maritime | Technology

MARIN and ABS have kicked off the WiSP2 Joint Industry Project to help facilitate the broad uptake of wind propulsion as an important tool to decarbonise shipping.

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DNV completes successful concept verification review of Odfjell Oceanwind’s WindGrid™ floating wind power system

AJOT | June 21, 2021 | Energy | Alternative

DNV, the world’s leading classification society, has completed a concept verification review of Odfjell Oceanwind’s WindGrid™ (WindGrid) system for Mobile Offshore Wind Units (MOWUs). DNV’s review confirms the technical feasibility of the WindGrid system, and that expected reductions in CO2-emissions for North Sea applications are in the range of 60-70%, compared to generation of electricity from conventional gas turbines.

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