Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Global Maritime Services launches marine advisory for the FSRU & LNG sector
| August 18, 2022 | Energy
Global Maritime Services Ltd. (GMS) has announced the launch of its new Marine Department, a marine advisory service for the offshore oil and gas sector. Customers will be able to take advantage of GMS’s expertise to secure their Floating Storage and Regasification Unit (FSRUs) and Liquified Natural Gas (LNG) Sector ventures.
Record breaking increases in motor fuel prices in 2022
| August 18, 2022 | Energy | Intermodal | Trucking
From January to June 2022, the price of regular motor gasoline rose 49% and the price of diesel fuel rose slightly more at 55%. Fuel prices have risen since declining in early 2020 during the economic recession and the period when many states adopted stay-at-home orders in response to COVID-19 (figure 1). Fuel prices declined from June to July 2022 but remain more than twice as much as their level in early 2020.
U.S. natural gas exports to Mexico are increasing at the West Texas border
| August 18, 2022 | Energy
Natural gas pipeline exports from West Texas to Mexico averaged 1.6 billion cubic feet per day (Bcf/d) during May 2022—the most pipeline exports from West Texas on record, according to our most recent monthly data. Compared with 2021, U.S. pipeline exports from West Texas increased by 12% from January through May 2022 to average 1.4 Bcf/d.
Crowley names Karl as Senior Vice President and GM of wind services
| August 18, 2022 | Energy | Alternative | Project / Heavy Lift | Maritime Project | People | Appointments
Crowley has appointed Bob Karl as senior vice president and general manager of the company’s new business unit, Crowley Wind Services. As Crowley elevates the scope of its offerings in wind energy, Karl will lead the company’s wind services team in the strategic development and expansion of services to support the emerging sector.
Solar panels piling up at US border on Xinjiang forced labor law
| August 18, 2022 | Energy | Alternative | International Trade
Solar equipment is piling up at the US border in an indication the passage of a law targeting forced labor in China’s Xinjiang region is having a major impact on trade flows.
MPC Container Ships, North Sea Container Line and Elkem trailblaze new methanol powered container ships
EIA expects production of global liquid fuels to outpace consumption in 2022
| August 17, 2022 | Energy
Changes to both production and consumption of global liquid fuels have changed our forecast for balances between the two for the rest of 2022 and 2023. For most of 2021, more liquid fuels were consumed globally than produced.
Record US oil exports propel supertanker rates to two-year high
| August 17, 2022 | Energy | Maritime | Bulk
Giant supertankers that haul crude oil across the globe are making the most money in more than two years, buoyed by swelling shipments from the US and the Middle East.
US crude exports hit record as Europe preps for Russian ban
| August 17, 2022 | Energy
Keyera and CN announce agreement to evaluate a clean energy terminal solution in the Alberta industrial heartland
| August 17, 2022 | Energy | Alternative | Intermodal | Rail
Bouncing back: High-impact well activity set to rebound this year after 2021 slump
| August 17, 2022 | Energy
Drilling of high-impact oil and gas prospects is set to rebound this year after a disappointing 2021, when success rates plunged towards record lows, Rystad Energy research shows.
OPEC chief sees high risk of oil squeeze amid bullish demand
| August 17, 2022 | Energy
Uganda to import power from Kenya after floods shut key plant
| August 17, 2022 | Energy
UAE oil exports boosted as Fujairah loads again after flood
| August 17, 2022 | Energy
Steerprop to supply a complete propulsion package for first-of-its-kind wind installation vessel
| August 17, 2022 | Energy | Alternative | Maritime | Technology | Project / Heavy Lift | Maritime Project
Steerprop, a leading designer and manufacturer of high-performance propulsion systems has been awarded a major order to supply the complete propulsion package for a state-of-the-art Wind Installation Vessel (WIV). The order builds upon Steerprop’s extensive support and successful track record in delivering fit-for-purpose solutions to the offshore renewables sector.
Small companies can make a big difference in reducing emissions for last-mile logistics
| August 16, 2022 | Energy | Alternative | Logistics
US shale hedging losses could top $10 billion this year as operators unable to capitalize on sky-high crude prices
| August 16, 2022 | Energy
US shale oil producers are in line to suffer more than $10 billion in derivative hedging losses this year if oil prices remain around $100 per barrel, Rystad Energy research shows.
EIA expects renewables to account for 22% of U.S. electricity generation in 2022
| August 16, 2022 | Energy
U.S. electricity generation from renewable sources, such as hydropower, wind, and solar, accounted for 20% of electricity generation both in 2020 and in 2021. We expect that share to increase to 22% in 2022 and to 24% in 2023 as more generating capacity from wind and solar come online and other generation sources, such as coal and nuclear, are retired.
UK to import rare Australian gas cargo in latest sign of desperation
| August 16, 2022 | Energy
Alfa Laval FCM Methanol chosen as the fuel supply system for six methanol-fuelled container vessels
| August 15, 2022 | Energy | Alternative | Maritime | Technology
Alfa Laval technology is playing a leading role in the marine industry’s transition to carbon-neutral green methanol. In this year’s largest methanol order to date, the Alfa Laval FCM Methanol will be the low-flashpoint fuel supply system (LFSS) on six dual-fuel container vessels. The system was chosen for both its real-life performance and its high design flexibility.
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