Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
| 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.
| January 15, 2021 | Energy | Conventional | By The Numbers
| January 14, 2021 | Energy
In its January 2020 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that annual U.S. crude oil production will average 11.1 million b/d in 2021, down 0.2 million b/d from 2020 as result of a decline in drilling activity related to low oil prices. A production decline in 2021 would mark the second consecutive year of production declines. Responses to the COVID-19 pandemic led to supply and demand disruptions. EIA expects crude oil production to increase in 2022 by 0.4 million b/d because of increased drilling as prices remain at or near $50 per barrel (b).
| January 14, 2021 | Energy
| January 14, 2021 | Energy | Maritime | Bulk
| January 14, 2021 | Energy
The share of gross gas output that is flared at the wellhead in the US’ prolific Permian Basin has plummeted to a modern Shale-era record low, a Rystad Energy report shows, with an analysis of preliminary data suggesting only 1.6% of the basin’s gas production was flared in the fourth quarter of 2020.
| January 14, 2021 | Energy
| January 13, 2021 | Energy
| January 13, 2021 | Energy
In its January 2021 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that the annual natural gas spot price at the Henry Hub will rise 0.98¢ per million British thermal units (MMBtu) to average $3.01/MMBtu in 2021.
| January 13, 2021 | Energy
| January 11, 2021 | Energy
2020 was a year that hurt demand for all fuels, and natural gas was no exception. As the year concluded, Rystad Energy has analyzed all of the year’s gas-related activity and produced a thorough report, offering some easily digestible key figures and some long-term outlook on the future of the industry. Here is a selection of our high-level key findings:
| January 11, 2021 | Energy
According to the U.S. Energy Information Administration’s (EIA) latest inventory of electricity generators, developers and power plant owners plan for 39.7 gigawatts (GW) of new electricity generating capacity to start commercial operation in 2021. Solar will account for the largest share of new capacity at 39%, followed by wind at 31%. About 3% of the new capacity will come from the new nuclear reactor at the Vogtle power plant in Georgia.
| January 11, 2021 | Energy
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