Energy

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

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US natural gas generation in 2021 sees its first year-over-year decline in three years

AJOT | May 24, 2021 | Energy

In the first four months of 2021, natural gas-fired generation in the Lower 48 states averaged 3,394 gigawatthours (GWh) per day, a nearly 7% decrease from the same period in 2020, according to data from our Hourly Electric Grid Monitor. The decline in natural gas generation during the first four months of this year is the result of higher natural gas prices and increased competition from renewables, and it is the first year-over-year decline since 2017. Overall, U.S. electricity generation during the period increased 6.6% compared with 2020 because of colder winter weather.

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US ethane production to grow, along with expanding domestic consumption and exports

AJOT | May 21, 2021 | Energy

U.S. production of ethane, a hydrocarbon gas liquid (HGL) produced primarily in natural gas processing plants, has grown rapidly since 2013. Production has nearly doubled from 0.95 million barrels per day (b/d) in the first quarter of 2013 to 1.85 million b/d in the first quarter of 2021. In our Short-Term Energy Outlook, we forecast ethane production to continue to grow in response to a growing U.S. petrochemical industry and rising ethane exports to petrochemical plants around the world, reaching 2.6 million b/d by the fourth quarter of 2022.

China to tax dirty oil flows from next month

Bloomberg | May 20, 2021 | Energy

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Mexico open to working with US, Canada on energy law concerns

Bloomberg | May 20, 2021 | Energy

Mexican Economy Minister Tatiana Clouthier said her government is willing to work with the U.S. and Canada on their concerns over Mexico’s efforts to bolster its state electricity company at the expense of private firms.

Ørsted to locate North American digital operations headquarters in Newark

AJOT | May 20, 2021 | Energy

Shell signs agreement to sell interest in Malampaya, Philippines

AJOT | May 20, 2021 | Energy

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‘Green funnel’ project celebrates milestone 150th LNG fueling

AJOT | May 20, 2021 | Energy

Recently, Sovcomflot (SCF Group) and Shell performed a landmark 150th marine LNG fuelling operation for SCF’s ‘Green Funnel’ Aframax tankers. Since operations began in 2018, SCF’s ‘Green Funnel’ Aframaxes have taken over 62,000 tonnes of marine LNG fuel from Shell and all 150 operations were performed safely without incident, injury or loss of fuel.

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Arctic Council misses chance to address black carbon emissions from shipping

AJOT | May 20, 2021 | Energy

Responding to the Arctic Council Reykjavík Declaration signed today by Arctic foreign ministers under the Chairmanship of Iceland, the Clean Arctic Alliance noted the Arctic Council’s plans to “update” its ambitious black carbon target agreed in 2017, but expressed frustration that the Arctic Council has not done more to prioritise reducing black carbon emissions from shipping.

Biden trade chief voices strong concern for Mexico energy policy

Bloomberg | May 20, 2021 | Energy

US calls Effort to halt Nord Stream 2 pipeline a long shot

Bloomberg | May 20, 2021 | Energy

Europe’s Covid-crushed oil refiners see hope as demand gains

Bloomberg | May 19, 2021 | Energy | Conventional

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February 2021 drop in U.S. ethane demand was largest monthly decline on record

AJOT | May 19, 2021 | Energy | Alternative | By The Numbers

In February 2021, extremely cold winter weather in the Gulf Coast region resulted in outages at most petrochemical plants in the area, causing the largest monthly decline in demand for ethane feedstock on record.