Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
China’s oil demand at risk as millions scrap New Year travel
| January 26, 2021 | Energy
Oil rises with tighter supply outook overshadowing vaccine woes
| January 25, 2021 | Energy
After the costliest Chapter 11 year in history, 2021 bankruptcy numbers will normalize if WTI keeps up
| January 25, 2021 | Energy
The combined debt of North American E&P and oilfield service companies that filed for Chapter 11 bankruptcy protection last year jumped to $102 billion, surpassing the $100 billion mark for the first time, a Rystad Energy analysis of Haynes and Boone data shows.
Diesel sales up 28% in 2020 boosting truck segment fuel economy
| January 25, 2021 | Energy
Sales of pickup trucks and sport utility vehicles (SUVs) with diesel engines grew 28 percent during 2020, even as overall auto sales declined by over 14 percent for the year. Among alternative fueled vehicle offerings, vehicles with diesel engines held 5 of the top 10 rankings for fastest growing sales (2019-2020), according to the Diesel Technology Forum, based on data and analysis provided by Alan Baum and Associates.
Oil wavers with vaccine supply concerns adding to demand gloom
| January 25, 2021 | Energy
Iran oil exports creep higher as Trump’s maximum pressure fades
| January 25, 2021 | Energy
Libya guards to halt oil shipments at Eastern ports in spat
| January 24, 2021 | Energy
BSEE and BOEM formalize offshore renewable energy responsibilities
| January 22, 2021 | Energy
A vicious circle: How climate change increased the need for fossil fuels and their profitability in 2021
| January 22, 2021 | Energy
As the climate is changing, the Arctic is warming four times faster than global averages, causing the circumpolar Jetstream to weaken and move southwards. Consequently, freezing cold air masses – known as the Polar Vortex – descend to more densely populated areas in the earth’s Northern Hemisphere, where humans have no other immediate choice but to increase fossil fuel consumption to keep warm.
In 2019, oil and lease condensate proved reserves were flat; natural gas reserves declined
| January 22, 2021 | Energy | Maritime
In 2019, proved U.S. reserves of crude oil and lease condensate increased by 0.1%, and proved natural gas reserves declined by 1.9%, according to the U.S. Energy Information Administration's (EIA) recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2019 report. Proved reserves of oil and natural gas each rose annually in the United States by at least 9% in the previous two years (2017 and 2018).
China imports oil doctored to skirt US sanctions on Venezuela
| January 21, 2021 | Energy
Oil slips with global viral resurgence highlighting demand risks
| January 21, 2021 | Energy
EIA expects crude oil prices to average near $50 per barrel through 2022
| 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.
Sovcomflot and Total increase cooperation in LNG transportation
| January 21, 2021 | Energy
Crowley awarded fuel distribution contract for Arctic North Warning System, a critical link for national security
| 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.
New Fortress Energy to acquire power purchase agreements and build LNG-to-power project at the Suape Port in Brazil
| January 21, 2021 | Energy | Project / Heavy Lift | Maritime Project
Oil tanker owners pay to move crude in wake of supply cuts
| 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.
For Trudeau, life after Trump is off to a rocky start
Merkel tells Biden she’s open to talks on Russia energy ties
| January 21, 2021 | Energy
India hopes for more Iran and Venezuela oil exports under Biden
| January 21, 2021 | Energy
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