Energy

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

Major U.S. utilities spending more on electricity delivery, less on power production

AJOT | November 23, 2021 | Energy

Over the past decade, major utilities in the United States have been spending more on delivering electricity to customers and less on producing that electricity.

US gasoline barges head to Western Canada after flood damage

U.S. barges carrying gasoline are headed to Canada’s west coast to deliver much-needed fuel to a region cut off from the rest of the country after last week’s rainstorms brought flooding and landslides that damaged transportation links.

US sanctions ship involved in finishing Nord Stream 2 pipeline

Bloomberg | November 23, 2021 | Energy

U.K. energy bills to balloon as consumers pay for Bulb collapse

Bloomberg | November 23, 2021 | Energy

Keystone pipeline developers seek $15 billion from US for cancellation

Bloomberg | November 23, 2021 | Energy

Wind giant Vestas drops as cyber attack risks output delays

Ørsted acquires Lincoln Land Wind in Illinois in continued expansion of its operational footprint in the US

AJOT | November 22, 2021 | Energy | Alternative

With the acquisition of the 302 MW operational wind farm, Ørsted enters the U.S. MISO market, which covers 15 states in the Midwest and the South. Lincoln Land Wind is fully contracted via power purchase agreements (PPAs) with Meta, formerly the Facebook company, and McDonald’s Corporation (‘McDonald’s’). Lincoln Land Wind reached commercial operation on November 17.

Searoutes raises €2.4 million to reduce shippers’ GHG emissions

Searoutes, the Marseilles-based start-up that helps shippers reduce the carbon footprint of their transport, has announced a €1.3 million financing round led by WSB Beteiligungs, the venture capital firm founded by Wolf Scheder.

Most planned US natural gas-fired plants are near Appalachia and in Florida and Texas

AJOT | November 22, 2021 | Energy

Between 2022 and 2025, 27.3 gigawatts (GW) of new natural gas-fired capacity is scheduled to come online in the United States, according to our latest Monthly Electric Generator Inventory. This added capacity would increase current capacity (489.1 GW as of August 2021) by 6%. Many of the planned natural gas-fired capacity additions are located close to major shale plays in the Appalachia region and Texas and in Florida.

Shale getting stingy? Reinvestment rates in the US hit historic lows in Q3 shaping record free cash flow

AJOT | November 22, 2021 | Energy

Reinvestment rates among US shale oil producers hit an all-time low in the third quarter of 2021, resulting in a record free cash flow for the quarter, and are projected to fall even lower by year-end according to a Rystad Energy analysis.

World’s first inline active heave compensator successfully tested by Seaqualize, together with Van Oord

In no less than 62 hours of rigorous offshore testing, tech scale-up Seaqualize successfully completed offshore trials for its inline Active Heave Compensator (iAHC), the ‘Delta600’. Together with testing partners Van Oord and nautical research institute MARIN, the offshore lifting tool was tested for fixed-to-floating, floating-to-fixed and floating-to-floating transfers of 300mT loads. The Delta600 is DNV certified and ready for work.

Shell to acquire energy retailer, Powershop Australia

AJOT | November 22, 2021 | Energy

Several Rotterdam terminals to be ready for hydrogen imports by 2025

AJOT | November 22, 2021 | Energy | Alternative | Ports & Terminals

Crowley advances major fuel services project in Australia with Saunders International

AJOT | November 22, 2021 | Energy

Crowley has reached agreement with Saunders International Ltd. to provide engineering, procurement, construction and management (EPCM) services, as well as construction of multiple bulk fuel storage tanks. The agreement is a vital component to enable Crowley’s fuel management and storage services in Darwin, Australia, serving U.S. military operations in the Pacific.

Fuel switch cuts greenhouse gases at Port of Long Beach

AJOT | November 19, 2021 | Energy | Alternative | Ports & Terminals

SSA moves to renewable diesel for cargo-handling equipment

EIA expands data coverage of biofuels in its Monthly Energy Review

AJOT | November 19, 2021 | Energy

In October 2021, we began publishing expanded data on biofuels other than ethanol in our Monthly Energy Review (MER), including production, imports, feedstocks, and consumption. The expanded biofuels data provide a more detailed look at fuels previously grouped under renewable fuels except ethanol, which is now split into biodiesel, renewable diesel, and other biofuels.

Cost inflation will hit the US oil and gas supply chain in coming years, starting with a surge in EPCI

AJOT | November 19, 2021 | Energy

Supply chain costs are set to increase for oil and gas projects in the US in coming years, with the engineering, procurement, construction and installation (EPCI) segment being the first to record a double-digit percentage hike in costs, a Rystad Energy report forecasts. EPCI costs, mostly driven by climbing wages and material costs, are set to gain about 10% in 2023 from current levels.

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