Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
LG to Invest $4.5 Billion to Expand Battery Capacity in U.S.
| March 11, 2021 | Energy | Alternative
Gas flaring at US oil refineries reached highest on our record, non-upstream flaring sets 18-month high
| March 11, 2021 | Energy
Natural gas flaring at US non-upstream onshore oil and gas facilities reached an 18-month high in February, at 180.9 million cubic feet per day (MMcfd), a Rystad Energy report shows, as frigid weather conditions in Texas forced oil refineries, gas plants and even LNG terminals to initiate the emergency release of gas as most facilities struggled to cope with the extreme weather. Flaring at oil refineries in particular rose to 64 MMcfd, the highest in our database, which dates back to January 2018.
Annual US coal exports drop 26% between 2019 and 2020
| March 11, 2021 | Energy
In 2020, U.S. coal exports declined to 69 million metric short tons (MMst), a 26% decrease from 93 MMst in 2019. Steam coal exports, which accounted for 40% of the total, declined by more than one-third, dropping 34% from the previous year to 27 MMst. Metallurgical coal had a smaller, but still significant, decrease of 20%. The COVID-19 pandemic slowed global demand for coal, and some U.S. coal mines were idled for extended periods to slow the spread of the virus. Coal exports decreased significantly in April 2020 as the United States and countries around the world responded to the pandemic.
Giant oil tankers are losing almost $7,000 a day amid OPEC cuts
Europe diesel dips to 3-month low as US refiners return
| March 11, 2021 | Energy
A surge in Iranian oil exports is clogging up Chinese ports
| March 10, 2021 | Energy
The winners and losers from surging oil and commodity prices
| March 10, 2021 | Energy
Ørsted, Aker Carbon Capture and Microsoft commit to explore development of carbon capture
| March 10, 2021 | Energy
New collaboration to explore the technological, regulatory, and commercial possibilities of developing carbon capture at biomass-fired heat and power plants.
Qatar ships first oil cargo to UAE since Gulf embargo ended
| March 10, 2021 | Energy
China’s binge on Iranian oil clogs up ports and storage tanks
| March 10, 2021 | Energy | Ports & Terminals
Top Democrat sees additional Nord Stream 2 sanctions from Biden
| March 09, 2021 | Energy | International Trade
Rystad Energy’s 3rd energy transition report: Hydrogen’s CO2 intensity, vehicles cost, refinery demand, growth markets, production costs and energy needs
| March 09, 2021 | Energy
The energy world is changing, and quicker than most experts predicted only a year ago. The adaptation of renewable energy technologies is accelerating, even during the pandemic, and three contenders – carbon capture and storage (CCS), battery storage and hydrogen – have begun a competitive race to reduce emissions and assist the increasing number of countries, industries and companies that are setting net zero targets.
US crude oil production fell by 8% in 2020, the largest annual decrease on record
| March 09, 2021 | Energy
U.S. crude oil production averaged 11.3 million barrels per day (b/d) in 2020, down 935,000 b/d (8%) from the record annual average high of 12.2 million b/d in 2019. The 2020 decrease in production was the largest annual decline in the U.S. Energy Information Administration’s records. The production decline resulted from reduced drilling activity related to low oil prices in 2020.
Covid-19 job toll: Top O&G employer China resilient, US takes larger hit than European peers
| March 09, 2021 | Energy
The Covid-19 pandemic not only devastated oil demand in 2020 but also forced the global oil and gas industry to severely downsize its staffing levels. However, not all producing countries were affected in the same way. A Rystad Energy analysis shows that the world’s top oil and gas employer, China, lost only 5.3% of its massive workforce.
Sempra LNG joins leading collaborative to advance methane emission science
| March 09, 2021 | Energy
North Sea oil field maintenance puts key arbitrage trade on ice
| March 09, 2021 | Energy
The United States exported more propane than distillate in 2020
| March 08, 2021 | Energy
In 2020, according to the U.S. Energy Information Administration’s (EIA) Petroleum Supply Monthly, U.S. exports of propane reached record levels, increasing 13% and surpassing distillate fuel oil as the country’s top petroleum product export. U.S. exports of distillate fuel oil fell to its lowest level since 2016.
US LNG exports continued to grow in 2020
| March 05, 2021 | Energy
U.S. exports of liquefied natural gas (LNG) continued to grow in 2020, averaging 6.6 billion cubic feet per day (Bcf/d) on an annual basis and increasing 1.6 Bcf/d (32%) year-on-year, according to U.S. Energy Information Administration’s recently published Natural Gas Monthly, which now includes data through the end of 2020. U.S. LNG exports were at relatively high levels from January through May. In the summer months, they declined to record lows following record declines in international natural gas and LNG prices.
Wildcat safari running dry: Onshore success rate dips to lowest on record, falls for fourth year in a row
| March 05, 2021 | Energy
The success rate of global conventional oil and gas exploration has declined in recent years, but the most painful blow has been to onshore wildcat wells, a Rystad Energy analysis reveals. In 2020, the success rate of these drilled wildcats plummeted to an all-time-low of 10.6%, marking an annual decline for a fourth year in a row, another dubious record for oil and gas exploration.
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