Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Shell and ScottishPower win bids to develop 5 GW of floating wind power in the UK
| January 17, 2022 | Energy | Alternative | Project / Heavy Lift | Maritime Project
Global subsea tie-back leader Norway set for $6.5 billion inflation hit in coming awards till 2026
| January 17, 2022 | Energy
Norway, the world’s top market for subsea tie-back projects in coming years, is facing an inflation-driven cost increase of $6.5 billion on upcoming contract awards for goods and services in the offshore oil and gas industry through 2026, a Rystad Energy report reveals.
Jet fuel market’s key metric surges as flights withstand omicron
| January 17, 2022 | Air Cargo | Airlines | Energy
Gazprom’s daily gas exports in January fall to lowest since 2015
| January 17, 2022 | Energy
Turkey’s gas import bill catapults budget deficit to record
| January 17, 2022 | Energy
Norway 2021 exports hit record with 77% jump, led by gas and oil
| January 17, 2022 | Energy
Lebanon denies it plans to buy gas from Israel
| January 16, 2022 | Energy
EIA forecasts natural gas prices to remain near $4/MMBtu in 2022, slightly lower in 2023
| January 14, 2022 | Energy | Conventional | By The Numbers
In our January Short-Term Energy Outlook (STEO), we forecast that the natural gas spot price at the U.S. benchmark Henry Hub will average $3.79 per million British thermal units (MMBtu) in 2022, slightly less than its 2021 average of $3.91/MMBtu.
Fresh challenge to Asian oil demand as omicron cuts traffic
| January 13, 2022 | Energy
Chevron HDAX 9700 oil gains unique approval for MAN four-stroke engines using gas or distillate fuels
| January 13, 2022 | Energy | Maritime | Technology
Chevron Marine Lubricant’s low sulphated ash trunk piston engine oil Chevron HDAX 9700 has become the first lubricant to gain time-unrestricted approval for use with MAN Energy Solutions’ four-stroke engines running on either LNG or distillate fuels (with a sulphur content of up to 0.10%).
Opsealog and Identec Solutions team up to optimize support vessel operations
| January 13, 2022 | Energy
Opsealog and Identec Solutions join forces to provide accurate, reliable tracking of support vessels, achieving unprecedented precision during a pilot project with Shell’s fleet in Nigeria
Lhyfe and Germany’s ENERPARC AG join forces to produce renewable hydrogen from solar energy
| January 13, 2022 | Energy | Alternative
Lhyfe, a global pioneer and pure player in the production of green renewable hydrogen, has signed its first project powered by solar photovoltaics. This is the company’s first official project using energy other than wind power. In Germany, in Brandenburg, Lhyfe will couple its hydrogen production system to the 20 MW photovoltaic installation of ENERPARC, one of Germany’s largest photovoltaic developers.
Dutch windship company opens funding round
| January 13, 2022 | Energy | Alternative | Maritime | Technology
Electric car makers brace for cost headache as battery-grade lithium price set to rise 50% within a year
| January 13, 2022 | Energy | Alternative
Electric vehicle (EV) producers and suppliers could be facing a major cost headache starting this year as prices for battery-grade lithium are poised to skyrocket. Prices for the metal are already trading at a record high of $35 per kilogram in Asia, and are likely to keep climbing to $50 per kilogram in the second half of 2022 and trade at around $52.5 per kilogram in January 2023, a Rystad Energy analysis shows.
Offshore oil needs more shuttle tankers as volumes requiring transport set to rise by 35% this decade
| January 13, 2022 | Energy | Maritime | Bulk
Demand for shuttle tankers in countries with robust offshore oil production and limited pipeline infrastructure is set to grow continuously in the coming years, as produced volumes in need of transport rise to 3.3 billion barrels per year before the end of the decade, jumping 35% from 2.5 billion in 2021, a Rystad Energy report shows.
Europe to ramp up diesel shipments to cold-gripped US East
| January 13, 2022 | Energy
European refiners are planning to send more diesel than usual to the U.S., where inventories of the fuel are low and a cold snap has gripped the Northeast, boosting demand for heating fuels.
Hyundai Heavy LNG shipping deal with Daewoo vetoed by EU
| January 13, 2022 | Energy | Maritime | Bulk
High coal prices to speed India’s efforts to curb imports
| January 13, 2022 | Energy | International Trade | Commodity
Oil demand in Asia faces fresh challenge as omicron cuts traffic
| January 13, 2022 | Energy
European natural gas falls as US reassures region on supplies
| January 13, 2022 | Energy
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