Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Rystad Energy’s daily market comment from Oil Markets Analyst Louise Dickson
| July 17, 2020 | Energy | Conventional
Canada’s oil production drops to its lowest level since 2016 wildfires
| July 16, 2020 | Energy
Canada was the world’s fourth-largest producer of petroleum and other liquids in 2019, but in the first half of 2020, Canada’s production declined 20% from its 2019 average of 5.5 million barrels per day (b/d). Canada’s production of petroleum and other liquids declined as a result of low global crude oil prices, reduced demand for crude oil for refined petroleum products in Canada and the United States, and continued production curtailments imposed by the government of Alberta—the province where more than 80% of Canada’s 2019 crude oil production was located.
Pompeo warns energy majors over new Russian gas pipelines
| July 16, 2020 | Energy
The U.S. is moving toward sanctions against energy companies involved in Russian pipelines to Europe and Turkey, escalating a threat to punish allies for pursuing projects that the U.S. argues will only benefit Russia.
COVID-19 mitigation has delayed construction of some electric generators
| July 15, 2020 | Energy
According to the U.S. Energy Information Administration’s (EIA) March and April Preliminary Monthly Electric Generator Inventory data, COVID-19 mitigation efforts have resulted in slightly more delays than average in the commercial operation dates of proposed electric generator projects. Based on the average of delays reported in 2018 and 2019, about 20% of the projects scheduled to come online in the next 12 months experienced some delay. In March and April 2020, 21% and 29% of projects, respectively, experienced delays, some of which were attributed to efforts to prevent the spread of COVID-19.
Alliant Energy Transportation transforms into Travero
| July 15, 2020 | Energy
Alliant Energy Transportation, a wholly owned subsidiary of Alliant Energy Corporation, announced today the company is changing its name to Travero.
Pompeo threatens sanctions on EU companies over Nord Stream 2
| July 15, 2020 | Energy | International Trade
The U.S. is moving toward sanctions against those involved in the Nord Stream 2 gas pipeline from Russia to Germany, Secretary of State Michael Pompeo said.
WinGD works with oil majors bringing greater transparency to cylinder oil decisions
| July 14, 2020 | Energy
Engine designer WinGD (Winterthur Gas & Diesel) has prioritized collaboration and transparency in its new cylinder lubrication guide, to ensure that selecting the right oil is easier than ever. For the first time, the new documentation provides ship operators with consolidated, at-a-glance information highlighting the specific usage conditions for each and every approved cylinder oil.
US crude oil and natural gas production in April had biggest monthly decreases in years
| July 14, 2020 | Energy
Production of crude oil and natural gas decreased in the United States in April 2020 by 670,000 barrels per day (b/d) and 2.6 billion cubic feet per day (Bcf/d), respectively, according to the U.S. Energy Information Administration’s (EIA) Monthly Crude Oil and Natural Gas Production Report.
Libya declares force majeure on oil exports as blockade renewed
| July 12, 2020 | Energy | Conventional
Oil Rebounds on Dollar Weakness Yet Demand Woes Linger
| July 10, 2020 | Energy | Conventional
In 2019, the United States produced and consumed record volumes of natural gas
| 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.
If DAPL pipeline shuts down, hundreds of thousands of US oil barrels will lack an exit route in 2020
| 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.
Rystad Energy’s daily market comment from our Oil Markets Analyst Louise Dickson
| July 10, 2020 | Energy | Conventional
BP Pays $1 Billion to Reliance for India Fuel Retailing Foray
| July 09, 2020 | Energy | Conventional
Drop in petroleum demand led to rise in crude oil inventories and low refinery utilization
| 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
Oil’s recovery capped by stubborn US crude glut, dour demand
| July 08, 2020 | Energy
Pipeline setbacks in US rattle oil-sands producers in Canada
| July 07, 2020 | Energy
NERC report outlines how pandemic mitigation could affect electric reliability this summer
| 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.
The one-time heart of shale may never boom again with Dakota access shut
| July 06, 2020 | Energy
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