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Energy News

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


Gas stations run dry as pipeline hack will take days to fix
Gas stations run dry as pipeline hack will take days to fix

Bloomberg | May 11, 2021 | Energy News

Gas stations along the U.S. East Coast are starting to run out of fuel as North America’s biggest petroleum pipeline fights to recover from a cyberattack that has paralyzed it for days.

Michigan’s deadline arrives but Enbridge vows to keep oil moving
Michigan’s deadline arrives but Enbridge vows to keep oil moving

Bloomberg | May 11, 2021 | Energy News

Michigan Governor Gretchen Whitmer says Enbridge Inc. has until Wednesday to shut a huge crude pipeline that crosses the Great Lakes. The Canadian company says it’s got the law on its side, and the oil will keep flowing.

Gas pumps run dry in US South as pipeline shutdown bites
Gas pumps run dry in US South as pipeline shutdown bites

Bloomberg | May 11, 2021 | Energy News

Motorists across a broad swath of the U.S. East Coast and South are struggling to find gasoline and diesel as filling stations run dry amid the unprecedented pipeline disruption caused by a criminal hack.

Cyberattack halts fuel movement on Colonial petroleum pipeline
Cyberattack halts fuel movement on Colonial petroleum pipeline

AJOT | May 11, 2021 | Energy News

Colonial Pipeline, a major delivery system spanning from the U.S. Gulf Coast to the East Coast for transportation fuels and other refined petroleum products, halted operations on Friday, May 7, to contain the effects of a cyberattack. As of Monday, May 10, the pipeline had not resumed operations of its main lines, although some smaller lines are operational. The company announced that it hopes to restore service by the end of the week.

China targets some Australian LNG as trade dispute widens

Bloomberg | May 10, 2021 | Energy News | International Trade | Commodity

February 2021 weather triggers largest monthly decline in US natural gas production
February 2021 weather triggers largest monthly decline in US natural gas production

AJOT | May 10, 2021 | Energy News

In February 2021, a record-breaking cold snap hit the Lower 48 states. Extreme winter weather caused natural gas production freeze-offs and higher electricity and commodity prices, especially in the top energy-consuming state, Texas. The cold snap affected natural gas production and industrial sector consumption the most, which had the largest monthly declines on record, while residential sector consumption reached a record high.

Restarting US pipeline hit by cyberattack may not be easy
Restarting US pipeline hit by cyberattack may not be easy

Bloomberg | May 08, 2021 | Energy News

The unprecedented shutdown of one of the largest U.S. pipelines after it was crippled by a cyberattack has triggered warnings of major disruption to fuel supplies and concern that its restart will be neither quick nor straightforward.

Seafarer crisis shows signs of worsening amid India virus surge
Seafarer crisis shows signs of worsening amid India virus surge

Bloomberg | May 07, 2021 | Maritime News | Energy News | Logistics

Hundreds of thousands of seafarers risk being stuck at sea beyond the expiry of their contracts because of India’s surging coronavirus outbreak, according to one of the world’s largest independent crude ship owners.

Energy production in the US fell by more than 5% in 2020
Energy production in the US fell by more than 5% in 2020

AJOT | May 06, 2021 | Energy News

In 2020, energy production in the United States fell to just below 96 quadrillion British thermal units (quads), down more than 5% from 2019’s record high, according to our Monthly Energy Review. In absolute terms, the drop from 101.3 quads in 2019 to 95.8 quads in 2020 marked the largest annual decrease in U.S. energy production on record. Economic responses to the COVID-19 pandemic that began during the spring of 2020 drove most of this decrease.

US shale pre-hedge revenues are set for an all-time high in 2021 if WTI prices remain strong
US shale pre-hedge revenues are set for an all-time high in 2021 if WTI prices remain strong

AJOT | May 05, 2021 | Energy News | Conventional | By The Numbers

The US shale industry is set to achieve a significant milestone in 2021: If WTI futures continue their strong run and average at $60 per barrel this year and natural gas and NGL prices remain steady, producers can expect a record-high hydrocarbon revenue of $195 billion before factoring in hedges, a Rystad Energy analysis shows.

Global LNG market faces supply deficit, higher prices from decade-long impact of Mozambique delays
Global LNG market faces supply deficit, higher prices from decade-long impact of Mozambique delays

AJOT | May 05, 2021 | Energy News | Conventional | By The Numbers

The global liquefied natural gas (LNG) market, which was set to be constantly loose in the second part of this decade, is instead set to get tighter and could even see annual supply deficits as a result of likely delays in the development of LNG projects in Mozambique due to the country’s worsening security situation, a Rystad Energy report reveals.

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