Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Rystad Energy’s Head of Oil Markets Bjornar Tonhaugen on what has been leaked or stated so far
| November 17, 2020 | Energy | Conventional | By The Numbers
EIA expects U.S. crude oil production to remain relatively flat through 2021
| November 17, 2020 | Energy | Conventional | By The Numbers
In the U.S. Energy Information Administration’s (EIA) November Short-Term Energy Outlook (STEO), EIA forecasts that U.S. crude oil production will remain near its current level through the end of 2021.
Rystad: US shale oil output set to stabilize in 2021 as cost efficiencies offset falling operator capex
| November 17, 2020 | Energy | Conventional | By The Numbers
US’ shale oil output is set to decline this year thanks to the ravages of COVID-19, and as a result, 2020 average production is expected to fall by 3.1% year over year, or 7.5 million barrels per day (bpd) from 2019’s 7.7 million bpd, Rystad Energy estimates
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
| November 17, 2020 | Energy | Conventional
Oil Rises on Latest Vaccine Breakthrough, China Demand Recovery
| November 16, 2020 | Energy | Conventional | International Trade
Global discovered oil and gas resources set to reach 10 billion boe in 2020, Russia in the lead
| November 16, 2020 | Energy | Conventional | By The Numbers
Despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades, exploration activity has been resilient this year. Found resources already exceed 8 billion barrels of oil equivalent (boe) and are projected to settle at around 10 billion boe by year-end, a Rystad Energy analysis reveals.
Natural gas inventories end the injection season near the record high
| November 16, 2020 | Energy | Conventional | By The Numbers
The amount of working natural gas in storage in the United States ended the natural gas injection, or refill, season (April 1–October 31) at 3,920 billion cubic feet (Bcf), according to interpolated data from the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report released on November 13.
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
| November 16, 2020 | Energy | Conventional | By The Numbers
Oil rises with China’s economic recovery buoying consumption
| November 16, 2020 | Energy | Conventional
Interregional electricity trade in India affects shares of solar and coal-fired generation
| November 13, 2020 | Energy | Alternative
With more than 1.3 billion people, India is the second-most populous country in the world and has the third-highest energy consumption level after China and the United States.
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
| November 13, 2020 | Energy | Conventional | By The Numbers
China-Australia spat strands 400 seafarers as human crisis looms
| November 13, 2020 | Energy | Conventional | Maritime | Bulk
An estimated 400 seafarers and roughly 2 million tons of coal are stuck on ships off the northeast coast of China, as a spiraling diplomatic row with Australia threatens to turn into a humanitarian crisis.
China’s oil giant eyes new supertankers to shrink fuel glut
| November 12, 2020 | Energy | Conventional | Logistics
Stranded coal ships caught in crosshairs of China-Australia spat
| November 12, 2020 | Energy | Conventional | Maritime | Bulk
At least 20 giant bulk carriers are anchored off the Chinese port of Jingtang and unable to offload millions of tons of Australian coal, the latest casualty of the growing diplomatic row between Canberra and Beijing.
2020 could be a record year for U.S. wind turbine installations
| November 12, 2020 | Energy
According to data collected by the U.S. Energy Information Administration (EIA), project developers expect more than 23 gigawatts (GW) of wind turbine generating capacity to come online in the United States in 2020, far more than the previous record of 13.2 GW added in 2012. Only 5.0 GW of capacity has come online in the first eight months of this year, according to EIA’s Preliminary Monthly Electric Generator Inventory, but as is typical with wind turbine installations, most of the annual capacity additions come online in the final months of the year. Another 18.5 GW plan to come online in September through December, according to project timelines reported to EIA by power plant owners and developers.
Squeezing U.K. energy becomes Barnier’s Brexit bargaining chip
| November 12, 2020 | Energy | International Trade
Germany’s gas demand to top 110 Bcm by 2034 and Nord Stream 2 is the cheapest new supply option
| November 11, 2020 | Energy
Germany’s gas demand, which is currently just above 90 billion cubic meters (Bcm) per year, is set to increase to more than 110 Bcm by 2034, but as future supplies from Norway and the Netherlands dwindle, new imports must be sourced. A Rystad Energy comparative analysis shows that importing more Russian gas through the Nord Stream 2 project is the most reliable and cheapest option versus US liquefied natural gas (LNG) cargos and other intra-Europe pipe routes.
Elkem receives project support for increased utilization of hydrogen
| November 11, 2020 | Energy
US targets insurers in latest round of Nord Stream 2 sanctions
| November 11, 2020 | Energy
New DNV GL class rules for floating offshore wind expands industry horizon
| November 10, 2020 | Energy
As the first successful pilots transition into the first commercial projects, floating offshore wind is opening up new vistas to offshore wind generation. To help expand the segment, DNV GL, the world’s leading classification society, has released the first integrated rule set for floating offshore wind structures (DNVGL-RU-OU-0512). The rules provide both new entrants and experienced stakeholders a set of well-tested rules and standardized processes for these new structures.
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