Energy

Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.

Billionaire Adani’s disputed mine shows ditching coal isn’t easy

Bloomberg | December 02, 2021 | Energy | Conventional

Surprise OPEC+ supply boost offers rare cheer for oil tankers

Bloomberg | December 02, 2021 | Energy | Conventional | Logistics

Oil prices at a crossroad ahead of OPEC+ meeting as Omicron looms - Rystad Energy

AJOT | December 02, 2021 | Energy | Conventional | By The Numbers

In 2020, the value of energy trade between the United States and Canada declined

AJOT | December 02, 2021 | Energy | Conventional | By The Numbers

In 2020, the value of U.S. energy imports from Canada totaled $58 billion—accounting for more than one-fifth of the value of all U.S. imports from Canada. The value of U.S. energy imports from Canada fell by 31% in 2020 compared with 2019, and the value of U.S. energy exports to Canada fell 34%, according to data from the U.S. Census Bureau.

Triggering more lockdowns, Omicron could cost oil demand almost 3 million bpd in early 2022

AJOT | December 02, 2021 | Energy | Conventional | By The Numbers

The new Omicron variant of Covid-19 could cost the global oil market as much as 2.9 million barrels per day (bpd) of demand in the first quarter of 2022, bringing total expected demand down from 98.6 million bpd to 95.7 million bpd, if it triggers more lockdowns or restrictions, Rystad Energy projects.

US shale spending set to shake off uncertainty and jump 19% in 2022

AJOT | December 02, 2021 | Energy | Conventional | By The Numbers

US shale expenditure is projected to surge 19.4% next year, leaping from an expected $69.8 billion in 2021 to $83.4 billion, the highest level since the onset of the Covid-19 pandemic and signaling the industry’s emergence from a prolonged period of uncertainty and volatility, according to a Rystad Energy report.

Norway’s Eksfin tops NOK 10bn in offshore wind financing

AJOT | December 02, 2021 | Energy | Alternative | Project / Heavy Lift

Export Finance Norway (Eksfin) has reached a new milestone of NOK 10.3bn (EUR 1.04bn) in loans and guarantees for offshore wind projects worldwide.

ExxonMobil Announces Corporate Plans to 2027

AJOT | December 01, 2021 | Energy | Conventional

Ørsted enters into power purchase agreements with Johnson & Johnson in Ireland and the U.S.

AJOT | November 30, 2021 | Energy | Alternative

Johnson & Johnson and Ørsted have signed two power purchase agreements (PPAs). Johnson & Johnson will purchase energy from Sparta Solar in Texas, U.S., and from the two onshore wind farms Kilgarvan and Booltiagh 1 in Ireland.

Oil slips on Covid vaccine efficacy concerns – Rystad Energy

AJOT | November 30, 2021 | Energy | Conventional | By The Numbers

Oil recovers as market corrects Friday’s panic selloff - Rystad Energy

AJOT | November 29, 2021 | Energy | Conventional | By The Numbers

Energy

AJOT | Top Story | November 29, 2021

Interior Department approves second major offshore wind project in U.S. Federal waters

As part of the Biden-Harris administration’s goal to deploy 30 gigawatts (GW) of offshore wind energy by 2030, the Department of the Interior today announced it has approved the construction and operations of the South Fork Wind project offshore Rhode Island.

Recent legislation would reduce the U.S. Strategic Petroleum Reserve

AJOT | November 29, 2021 | Energy | Conventional | By The Numbers

On Tuesday, November 23, the White House announced plans to make 50 million barrels of crude oil available to the market through a combination of exchanges and accelerating previously announced sales.

BP plans green hydrogen base in U.K. as energy transition speeds up

Bloomberg | November 28, 2021 | Energy | Alternative

Shipping push for world-first CO2 charge stalls at IMO talks

Shipping’s global regulator signaled that a tiny CO2-based charge on vessels’ fuel consumption will not be approved at a meeting this week, underscoring the challenge facing the industry in its bid to decarbonize.

Shell sees major potential for sustainable aviation fuel in Asia

Chevron’s Venezuelan operations kept in limbo after Maduro’s win

Bloomberg | November 26, 2021 | Energy

Asian oil refining renaissance is grinding into reverse gear

Bloomberg | November 26, 2021 | Energy

Two more U.K. energy suppliers collapse in avalanche of failures

Bloomberg | November 25, 2021 | Energy

South Fork Wind receives federal record of decision, setting stage for NY’s first offshore wind farm to begin onshore construction in early 2022

South Fork Wind, New York’s first offshore wind farm, today announced it received its Record of Decision (ROD) from the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM), successfully reaching a critical milestone in the federal environmental review.

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