Energy

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

OCIMF and PIANC sign a memorandum of understanding

AJOT | January 10, 2022 | Energy

Solar power will account for nearly half of new US electric generating capacity in 2022

AJOT | January 10, 2022 | Energy

In 2022, we expect 46.1 gigawatts (GW) of new utility-scale electric generating capacity to be added to the U.S. power grid, according to our Preliminary Monthly Electric Generator Inventory. Almost half of the planned 2022 capacity additions are solar, followed by natural gas at 21% and wind at 17%.

Libyan oil-export woes deepen as weather takes out more ports

Bloomberg | January 10, 2022 | Energy

Air France-KLM raises fares to fund shift to sustainable fuels

Canada’s oil sands exports to Asia reach record with new link

Bloomberg | January 10, 2022 | Energy

Canadian exports of crude from the U.S. hit a record last month

Bloomberg | January 07, 2022 | Energy | Conventional

Wholesale electricity prices trended higher in 2021 due to increasing natural gas prices

AJOT | January 07, 2022 | Energy | Conventional | By The Numbers

Average wholesale prices for electricity at major trading hubs in the United States were higher in 2021 than in 2020 as increasing costs for power generation fuels, especially natural gas, pushed electricity prices higher in the second half of 2021

Europe’s industry cuts gas use by the most since the early pandemic days

Bloomberg | January 07, 2022 | Energy | Conventional

US natural gas prices spiked in February 2021, then generally increased through October

AJOT | January 06, 2022 | Energy

The wholesale spot price for natural gas at the Henry Hub in Louisiana (the U.S. benchmark for natural gas prices) averaged $3.89 per million British thermal units (MMBtu) in 2021, almost doubling from the 2020 average, according to data from Refinitiv.

Bracing for a flood, US shale set to treat less produced water despite earthquake boom

AJOT | January 06, 2022 | Energy

Dealing with the US shale industry’s produced water is increasingly controversial for operators, a new Rystad Energy report reveals. Even though total produced volumes are projected to hit new record highs in the coming years, treated water is expected to be comparatively lower than in the past, despite water disposal practices increasing oilfield seismic activity, with earthquakes nearly doubling in West Texas alone in 2021.

Turkey’s state gas importer races for funding as prices surge

Bloomberg | January 06, 2022 | Energy

World’s biggest oil hedge could shrink if Mexico curbs exports

Bloomberg | January 06, 2022 | Energy

AET takes delivery of first of three DP2 shuttle tankers series for Shell charter

AJOT | January 05, 2022 | Energy

Retail gasoline prices rose across the United States in 2021 as driving increased

AJOT | January 05, 2022 | Energy

Rising crude oil prices and increased gasoline demand contributed to the average U.S. retail price for regular grade gasoline increasing to $3.01 per gallon (gal) in 2021, the highest average nominal price since 2014. The average price for retail gasoline increased by more than $1.00/gal between the start and the end of 2021.

ExxonMobil makes two discoveries offshore Guyana

AJOT | January 05, 2022 | Energy

Adani wins key coal tender as India acts to avoid energy crisis

Bloomberg | January 05, 2022 | Energy

US LNG exports top rivals for first time on shale revolution

Bloomberg | January 04, 2022 | Energy

The U.S. was the world’s biggest exporter of liquefied natural gas last month for the first time ever, as projects ramped up production and deliveries surged to energy-starved Europe.

Crude oil prices increased in 2021 as global crude oil demand outpaced supply

AJOT | January 04, 2022 | Energy

Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply. The spot price of Brent crude oil, a global benchmark, started the year at $50 per barrel (b) and increased to a high of $86/b in late October before declining in the final weeks of the year.