Energy

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


Libya declares force majeure on oil exports as blockade renewed

Bloomberg | July 12, 2020 | Energy | Conventional

Oil Rebounds on Dollar Weakness Yet Demand Woes Linger

Bloomberg | July 10, 2020 | Energy | Conventional

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In 2019, the United States produced and consumed record volumes of natural gas

AJOT | July 10, 2020 | Energy | Conventional | By The Numbers

Natural gas is one of the main sources of energy in the United States. In 2019, U.S. production of dry natural gas increased to almost 34 trillion cubic feet (Tcf) and consumption increased to 31 Tcf—both values were records.

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If DAPL pipeline shuts down, hundreds of thousands of US oil barrels will lack an exit route in 2020

AJOT | July 10, 2020 | Energy | Conventional | By The Numbers

A US district court has ruled that the largest outbound Bakken pipeline – the Dakota Access Pipeline or DAPL – shall be emptied within 30 days. If this decree remains in place, hundreds of thousands of produced barrels per day will lack an export route in 2020, Rystad Energy estimates, as alternative options such as other existing pipelines or railway transportation will not be able to fully take on the burden until next year.

BP Pays $1 Billion to Reliance for India Fuel Retailing Foray

Bloomberg | July 09, 2020 | Energy | Conventional

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Drop in petroleum demand led to rise in crude oil inventories and low refinery utilization

AJOT | July 09, 2020 | Energy

The U.S. Energy Information Administration’s (EIA) latest Petroleum Supply Monthly shows the significant changes in petroleum markets that occurred in April, when most of the United States was under stay-at-home orders to limit the spread of coronavirus. In April, commercial crude oil inventories increased by 46.7 million barrels (10%)—the largest monthly increase in EIA data going back to 1920. U.S. refineries operated at 70% of their capacity, the lowest utilization rate in EIA’s monthly data series dating back to 1985. Demand for finished petroleum products fell to 11.7 million barrels per day (b/d), the lowest level since at least 1981.

Proposed City of Long Beach Power Authority could accelerate port wind power development
Energy
Stas Margaronis | Top Story | July 09, 2020

AJOT Insights
Proposed City of Long Beach Power Authority could accelerate port wind power development

The City of Long Beach is nearing a decision on adopting a power authority model that could reduce utility rates for residents and support new investment and jobs in renewable energy that accelerate the Port of Long Beach’s Clean Air Action Plan for zero emissions.
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NERC report outlines how pandemic mitigation could affect electric reliability this summer

AJOT | July 07, 2020 | Energy

Despite heightened uncertainty—stemming from efforts to slow the progression of the novel coronavirus disease (COVID-19)—in demand projections, the North American Electric Reliability Corporation's (NERC) recent 2020 Summer Reliability Assessment finds that enough resources are available to meet this summer's projected peak electricity demand in most areas of the country. The Electric Reliability Council of Texas (ERCOT) has the smallest anticipated reserve margin, but each of the remaining regions exceeds, or substantially exceeds, a 20% anticipated reserve margin.

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U.S. natural gas exports to Mexico set to rise with completion of the Wahalajara system

AJOT | July 06, 2020 | Energy | Conventional | By The Numbers

EIA expects these exports to increase with the completion of the southern-most segment of the Wahalajara system, the Villa de Reyes-Aguascalientes-Guadalajara (VAG) pipeline.

Libya’s Oil Exports Set to Drop This Month as Blockade Continues

Bloomberg | July 05, 2020 | Energy | Conventional

Coalition for the energy of the future

AJOT | July 03, 2020 | Energy

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Greenbrier Marine and Overseas Shipholding Group announce vessel delivery

AJOT | July 02, 2020 | Energy | Maritime

Greenbrier Marine, a division of The Greenbrier Companies, Inc., announced today that it has delivered the OSG 204, a 204,000 barrel capacity oil and chemical tank barge for dual-mode ITB service pursuant to U.S. Coast Guard NVIC 2-81, Change 1. The barge has been built in compliance with MARPOL Annex VI Regulation 13 Tier III standards regarding nitrogen oxide emissions within emission control areas. The state-of-the-art 581’ tank barge is among the largest in the history of Greenbrier Marine, with origins on the Willamette River in Portland dating to 1919.

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