Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Drewry update: Qatar Petroleum’s tender for future LNG ships – How do potential returns compare?
| April 08, 2021 | Energy
Mixed water supply conditions expected to affect hydropower outlook in Pacific Northwest
| April 08, 2021 | Energy
On April 1, the National Oceanic and Atmospheric Administration’s Northwest River Forecast Center (NWRFC) released its latest water supply forecast for the 2021 water year, which runs through September. The forecast shows near-average water supply in the northern half of the Columbia River Basin and below-average supply in the southern half.
CMA CGM launches the first low-carbon shipping offer by choosing biomethane
| April 08, 2021 | Energy | Maritime | Liner Shipping
• With biomethane, a non-fossil energy, CMA CGM provides customers with a new and immediately available solution, bringing the Group a step closer toward carbon neutrality. • 12,000 tonnes of biomethane, the equivalent of two 1,400-TEU LNG-powered ships on an intra-European service for a whole year. • An unmatched CMA CGM Group offering helping its customers reduce their CO2 emissions by at least 67% (well to wake).
SEA-LNG welcomes Puget LNG to coalition
| April 08, 2021 | Energy
Puget LNG is the latest LNG supplier to join growing cross-industry coalition, SEA-LNG. The addition of Puget LNG strengthens SEA-LNG’s membership base on the North American west coast and underlines the increasing accessibility of LNG as a marine fuel across the globe.
Europe gasoline rockets despite demand blight from lockdowns
| April 08, 2021 | Energy
Ørsted brings in Norges Bank Investment Management as a partner in Borssele 1&2
| April 07, 2021 | Energy | Project / Heavy Lift | Maritime Project
Today, Ørsted has signed an agreement with Norges Bank Investment Management (NBIM), who will be acquiring a 50% ownership share of Ørsted's 752 MW Borssele 1 & 2 Offshore Wind Farm, which was commissioned in the fourth quarter of 2020 and generates green power to the equivalent of one million households' annual power consumption in the Netherlands.
LanzaJet welcomes new investor Shell
| April 06, 2021 | Air Cargo | Technology | Energy
US residential propane prices increased 30% during the winter heating season
| April 06, 2021 | Energy
According to the Heating Oil and Propane Update, the average residential price of propane in the United States averaged $2.30 per gallon (gal) as of March 29, which was nearly 43 cents/gal higher than at the same time last year. U.S. average residential propane prices increased by more than 52 cents/gal, or 30%, during the 2020–2021 heating season, which began October 1 and ended March 31.
Excelerate Energy completes its 2000th ship-to-ship transfer of LNG
| April 06, 2021 | Energy | Maritime | Bulk
Excelerate Energy L.P. (Excelerate) completed its 2000th commercial ship-to-ship (STS) transfer of liquefied natural gas (LNG) on April 03, 2021, at Excelerate's Moheshkhali Floating LNG (MLNG) terminal located offshore Bangladesh in the Bay of Bengal.
Suez Canal traffic briefly stopped as oil tanker loses power
| April 06, 2021 | Energy | Ports & Terminals
US energy consumption fell by a record 7% in 2020
| April 05, 2021 | Energy
In 2020, total U.S. energy consumption fell to 93 quadrillion British thermal units (quads), down 7% from 2019, according to EIA’s Monthly Energy Review. Last year marked the largest annual decrease in U.S. energy consumption in both percentage and absolute terms in our consumption data series that dates back to 1949. Much of the 2020 decrease in energy use is attributable to economic responses to the COVID-19 pandemic that began in the United States during the spring of 2020.
Global LNG demand jumps the most since pandemic dashed trade
| April 04, 2021 | Energy
US residential heating oil prices averaged 16% lower than last winter but ended higher
| April 02, 2021 | Energy
According to the U.S. Energy Information Administration’s (EIA) State Heating Oil and Propane Program (HOPU), the price of residential heating oil averaged $2.86/gal in the United States as of March 29, which is 44 cents/gal higher than at the same time last year. U.S. average residential heating oil prices increased by more than 73 cents per gallon (gal), or 35%, during the 2020–2021 heating season (October 1–March 31).
OPEC+ shows confidence in economic recovery with oil-supply hike
| April 01, 2021 | Energy
Offshore wind initiative to boost demand for newest generation of diesel technology
| April 01, 2021 | Energy
State gasoline taxes average about 30 cents per gallon
| April 01, 2021 | Energy
In the U.S. Energy Information Administration’s (EIA) latest update of its data on state gasoline and diesel fuel taxes, the simple average of taxes and fees on gasoline levied by the states and the District of Columbia at the beginning of 2021 was 30 cents per gallon (¢/gal). These taxes and fees range from a low of 8.95¢/gal in Alaska to a high of 58.7¢/gal in Pennsylvania. Gasoline buyers in the United States pay these taxes in addition to the federal tax of 18.4¢/gal, which has remained unchanged since 1993.
OPEC+ to choose between gradual output hikes or keeping cuts
| April 01, 2021 | Energy
Coal India’s shipments sink to four-year low amid Covid crisis
| April 01, 2021 | Energy
Germany’s US Envoy urges temporary halt to Nord Stream link
| April 01, 2021 | Energy
Extreme winter weather event in Texas reduced fuel ethanol production in February
| March 31, 2021 | Energy | Alternative | By The Numbers
The colder-than-normal weather that affected much of the United States in mid-February and disrupted Midcontinent and Gulf Coast petroleum markets also affected fuel ethanol producers.
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