Energy

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

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.

World’s biggest shipping company makes history with green bond

Global shipping is under pressure to ease pollution after COP26

Global talks on how to clean up shipping are set to begin Monday as momentum builds to cut pollution from the sector.

Russia boosts diesel exports to US amid European spat

Bloomberg | November 19, 2021 | Energy

A fleet of tankers laden with Russian diesel heading to the U.S. East Coast may help to alleviate the most expensive retail prices for the fuel in seven years.

EIA forecasts crude oil prices will decline during 2022

AJOT | November 18, 2021 | Energy

Since the third quarter of 2020, global consumption of crude oil and petroleum products has increased faster than production, which has caused lower inventory levels and higher crude oil prices. In our November Short-Term Energy Outlook (STEO), we forecast that rising production from OPEC+ countries and the United States will lead to global liquid fuels inventories increasing and crude oil prices falling in 2022.

Coal, controls and queues: China’s freight market drivers

AJOT | November 18, 2021 | Energy | International Trade | Commodity

Top supplier of gasoline to US is unable to replenish tanks

Bloomberg | November 18, 2021 | Energy

Energy

AJOT | Top Story | November 18, 2021

Baltimore CBP officers seize 1,000 counterfeit and potentially dangerous solar panels from China

Homeowners and businesses continue the popular and responsible trend of installing renewable energy solutions, such as solar technology, to save costs and to help combat global warming, but U.S. Customs and Border Protection is ensuring that a recent shipment of 1,000 imported solar panels in Baltimore won’t see the light of day.

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