Energy

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

European gas swings as traders weigh proposed US-Russia talks

Bloomberg | February 21, 2022 | Energy

Storm Eunice cuts power, disrupts travel across Europe

Bloomberg | February 20, 2022 | Energy

Don’t call it a comeback: Coal power increased in Europe in 2021 on gas supply concerns and limited alternatives

AJOT | February 18, 2022 | Energy | Conventional | By The Numbers

Following several years of strategic de-carbonization of the European power market, preliminary numbers suggest coal-generated electricity increased in the region last year for the first time in almost a decade, rising 18% from 470 terawatt-hours (TWh) in 2020 to 579 TWh, Rystad Energy research shows.

Pakistan seeks LNG spot cargoes to cover canceled shipments

Bloomberg | February 18, 2022 | Energy | Conventional

Wilhelmsen acquires stake in Reach Subsea

Wilhelmsen has acquired a 21% stake in Reach Subsea ASA. This further positions Wilhelmsen in the renewable value chain along with recognizing the substantial potential in Reach’s innovative remote subsea concept.

US marketed natural gas production forecast to rise in 2022 and 2023

AJOT | February 17, 2022 | Energy

We forecast that U.S. natural gas marketed production will increase to an average of 104.4 billion cubic feet per day (Bcf/d) in 2022 and then further increase to a record-high 106.6 Bcf/d in 2023, according to our latest Short-Term Energy Outlook (STEO). Around 97% of production over the next two years will come from the Lower 48 states (L48), excluding the Federal Offshore Gulf of Mexico (GOM). The other 3% will come from Alaska and the GOM.

Mexico refinery push risks return to shunned oil imports

Bloomberg | February 17, 2022 | Energy

Flying cabs steal thunder at airshow as clean future beckons

Electric flying taxis took center stage at the Singapore Airshow this week as pressure to cut emissions and rebound from the pandemic leads airlines to invest in short, battery-powered hops to spur future growth.

Mexico refining push risks return of once-shunned oil imports

Bloomberg | February 17, 2022 | Energy | International Trade

Coal boom triggers Mozambique’s biggest port to triple capacity

Bloomberg | February 16, 2022 | Energy | Ports & Terminals

New initiative launched to better define carbon intensity for hydrogen

AJOT | February 16, 2022 | Energy | Alternative

US crude oil production forecast to rise in 2022 and 2023 to record-high levels

AJOT | February 16, 2022 | Energy

In our February 2022 Short-Term Energy Outlook (STEO), we forecast that crude oil prices will remain high enough to drive U.S. crude oil production to record-high levels in 2023, reaching a forecast 12.6 million barrels per day (b/d). We expect new production in the Permian Basin to drive overall U.S. crude oil production growth.

Ten years and four million miles later, Orange EV leads heavy duty electric truck market

Founded in 2012, Orange EV now has the most zero emission trucks operating in the U.S.

US electric mail truck push stalls without more funding

The White House wants USPS to order more electric vehicles. The issue, as always, comes down to money

Nigeria says it will import vast amounts of emergency gasoline

Bloomberg | February 16, 2022 | Energy

Permian roughneck shortage clouds outlook for oil output growth

Bloomberg | February 15, 2022 | Energy

US demand for residual fuel oil rose late in 2021

AJOT | February 15, 2022 | Energy

In November 2021, more residual fuel oil was consumed in the United States, measured as product supplied, than during any month since January 2017. Residual fuel oil has several uses, but it is primarily consumed as bunker fuel in the maritime shipping sector. Consumption in December 2021 was at its highest end-of-year level since 2012, according to our Weekly Petroleum Status Report (WPSR).

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