Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
US says Iran forces boarded tanker in international waters
| August 13, 2020 | Energy
Oil trades near $43 though IEA casts doubt on demand outlook
| August 13, 2020 | Energy
IEA cuts oil-demand forecasts as air travel outlook darkens
| August 13, 2020 | Energy
India bars China ships from oil trade as ties strain further
| August 13, 2020 | Energy | International Trade
Massive oil refiners are turning into biofuel plants in the West
| August 12, 2020 | Energy
The latest sign of a worldwide energy transition: Massive oil refineries across the western U.S. are being converted into biofuel plants.
US liquefied natural gas exports remain at low levels this summer
| August 11, 2020 | Energy
After establishing a record high of 8.0 billion cubic feet per day (Bcf/d) in January 2020, U.S. exports of liquefied natural gas (LNG) fell to an average of 3.1 Bcf/d in July 2020. July exports were similar to LNG exports in May 2018, when the available liquefaction capacity was about one-third of the current capacity.
Covid-19 pushes OFS headcount to lowest level in over a decade, revenue per employee set to decline
| August 11, 2020 | Energy
The oil market turmoil brought on by Covid-19 has led to lower-than-anticipated activity and delayed projects, forcing the industry to deploy cost-cutting measures. A Rystad Energy analysis of the top 50 oilfield service (OFS) firms shows that staffing is set to reach its lowest level in more than 10 years, with the anticipated revenue per employee also declining towards the previous downturn’s level.
US permits for new horizontal drilling dip to 10-year low, hinting no strong rebound in 2020 activity
| August 11, 2020 | Energy
US horizontal drilling activity in oil basins, which has plummeted due to the Covid-19 pandemic, is not likely to materially recover this year, a new Rystad Energy analysis shows. Drilling permits, which are increasingly reliable indicators of future activity levels, dipped to a 10-year monthly low this July, with only 454 awards.
Utility-scale battery storage capacity continued its upward trend in 2018
| August 10, 2020 | Energy | Alternative | By The Numbers
By the end of 2018, the United States had 125 operational battery storage systems, providing a total of 869 MW of installed power capacity and 1,236 MWh of energy capacity.
LPG Markets are Back in Favor
| August 10, 2020 | Energy | Conventional | By The Numbers
July finished with additional signs that the LPG markets are coming back into favor, with overall offtake increasing 14% from June. Higher discharges took place in parts of Asia, where Japanese and South Korean imports each grew 24%, to 324,000 bpd and 333,000 bpd respectively.
Libya’s oil blockade is expected to persist further, shrinking upcoming global production glut by 65%
| August 07, 2020 | Energy | Conventional | By The Numbers
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
| August 07, 2020 | Energy | Conventional
Nigeria signs deal to end disputes over offshore-oil exports
| August 07, 2020 | Energy | Conventional
One stranded tanker signals peril of trading with Venezuela
| August 06, 2020 | Energy | Conventional | Maritime | Bulk
Oil wavers with murky economic view weighing on recovery signs
| August 06, 2020 | Energy
Battle over gas project may shape Australia’s energy future
| August 05, 2020 | Energy
Oil pares rally in wake of mounting US fuel supplies
| August 05, 2020 | Energy
Newport Shipping on target for IMO 2050
| August 05, 2020 | Energy
More than 100 coal-fired plants have been replaced or converted to natural gas since 2011
| August 05, 2020 | Energy
According to data from the U.S. Energy Information Administration (EIA), 121 U.S. coal-fired power plants were repurposed to burn other types of fuels between 2011 and 2019, 103 of which were converted to or replaced by natural gas-fired plants.
US crude oil production in May has a record monthly decrease
| August 04, 2020 | Energy
Production of crude oil decreased in the United States in May 2020 by 1.99 million barrels per day (b/d), the largest monthly decrease since at least January 1980, according to the U.S. Energy Information Administration’s (EIA) Monthly Crude Oil and Natural Gas Production Report.
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