Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
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
Seeing awards plunge to a 16-year-low, these suppliers are better placed for a life-or-death transition
| 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.
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
| January 20, 2021 | Energy | Conventional | By The Numbers
Graves, Westerman & McMorris Rodgers Statements on Biden Administration Plan to Revoke Keystone XL Pipeline Permit
| 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
Oil tanker owners pay to move crude in wake of Saudi supply cuts
| January 19, 2021 | Energy | Conventional | Logistics
Loop Energy appoints George Rubin as CCO
| January 19, 2021 | Energy | Alternative | People | Appointments
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