Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
| January 21, 2021 | Energy
In its January Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) expects global demand for petroleum liquids will be greater than global supply in 2021, especially during the first quarter, leading to inventory draws. As a result, EIA expects the price of Brent crude oil to increase from its December 2020 average of $50 per barrel (b) to an average of $56/b in the first quarter of 2021. The Brent price is then expected to average between $51/b and $54/b on a quarterly basis through 2022.
| January 21, 2021 | Energy
| January 21, 2021 | Energy
The U.S. Defense Logistics Agency-Energy (DLA-Energy) has awarded Crowley Solutions a five-year, $15 million contract for fuels transportation and distribution services for the Canada North Warning System locations supporting the nations’ joint security efforts.
| January 21, 2021 | Energy | Project / Heavy Lift | Maritime Project
| January 21, 2021 | Energy
Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s main trade route.
| January 21, 2021 | Energy
| January 21, 2021 | Energy
| January 20, 2021 | Energy | Conventional | By The Numbers
Oil and gas supply chain companies have seen their profits squeezed since the E&P cost cuts of the previous downturn – and just as the industry could finally hope for better days, the Covid-19 pandemic caused the value of 2020’s awarded contracts to slump to a 16-year low of $446 billion.
| January 20, 2021 | Energy | Conventional | By The Numbers
| January 20, 2021 | Energy | Conventional
Committee on Transportation and Infrastructure Ranking Member Sam Graves (R-MO), Committee on Natural Resources Ranking Member Bruce Westerman (R-AR), and Committee on Energy and Commerce Ranking Member Cathy McMorris Rodgers (R-WA) today released the following statements on the incoming administration’s expected revocation of a permit to build the Keystone XL pipeline between Canada and the United States
| January 19, 2021 | Energy | Conventional | Logistics
| January 19, 2021 | Energy | Alternative | People | Appointments
| January 19, 2021 | Energy | Conventional | By The Numbers
| January 18, 2021 | Energy | Alternative | International Trade | Ports & Terminals
| January 18, 2021 | Energy | Conventional | By The Numbers
This year marks the beginning of a recovery after a disappointing 2020, when the Covid-19 pandemic caused sanctioning of offshore projects to dip to $44 billion from $99 billion the year before. Rystad Energy projects offshore sanctioning to rebound to at least $56 billion in 2021 and keep rising to as high as $131 billion in 2023.
| January 18, 2021 | Energy | Conventional | By The Numbers
| January 15, 2021 | Energy | Conventional
| January 15, 2021 | Energy
More Than 22 of Hong Kong’s Hottest Startups Will Showcase New Solutions and Technological Breakthroughs at This Year’s Virtual Exhibition
| January 15, 2021 | Energy | Conventional | By The Numbers
The Valencia Containerised Freight Index (VCFI) of December experienced a growth of 4.19% with respect to the previous month, confirming the trend of the last five months of the year of increased freight rates.
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