Energy

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

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Ørsted, Aker Carbon Capture and Microsoft commit to explore development of carbon capture

AJOT | 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

Bloomberg | March 10, 2021 | Energy

China’s binge on Iranian oil clogs up ports and storage tanks

Bloomberg | March 10, 2021 | Energy | Ports & Terminals

Top Democrat sees additional Nord Stream 2 sanctions from Biden

Bloomberg | March 09, 2021 | Energy | International Trade

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Rystad Energy’s 3rd energy transition report: Hydrogen’s CO2 intensity, vehicles cost, refinery demand, growth markets, production costs and energy needs

AJOT | 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.

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US crude oil production fell by 8% in 2020, the largest annual decrease on record

AJOT | 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.

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Covid-19 job toll: Top O&G employer China resilient, US takes larger hit than European peers

AJOT | 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

AJOT | March 09, 2021 | Energy

North Sea oil field maintenance puts key arbitrage trade on ice

Bloomberg | March 09, 2021 | Energy

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The United States exported more propane than distillate in 2020

AJOT | 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.

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US LNG exports continued to grow in 2020

AJOT | 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.

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Wildcat safari running dry: Onshore success rate dips to lowest on record, falls for fourth year in a row

AJOT | 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.

Oil tanker owners drop in wake of shock move by OPEC+

Bloomberg | March 05, 2021 | Energy

COVID 19: 2020 global shipping CO2 emissions down 1%

AJOT | March 04, 2021 | Energy

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Texas and Florida had large small-scale solar capacity increases in 2020

AJOT | March 04, 2021 | Energy

As of December 2020, the states with the most small-scale solar photovoltaic (PV) capacity were California (10.6 gigawatts (GW)), New Jersey (1.9 GW), and Massachusetts (1.8 GW). Of the 4.5 GW of small-scale solar capacity added in the United States in 2020, California accounted for 31%, the largest share by far. Although Texas and Florida have less total small-scale solar capacity than states such as California or New Jersey, capacity has grown rapidly in these states in recent years. In 2020, Texas added 422 megawatts (MW) of small-scale solar, and Florida added 282 MW. State incentives, strong solar resources, and policy changes are largely driving these gains.