Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Greenbrier Marine and Overseas Shipholding Group announce vessel delivery

AJOT | July 02, 2020 | Energy | Maritime

Greenbrier Marine, a division of The Greenbrier Companies, Inc., announced today that it has delivered the OSG 204, a 204,000 barrel capacity oil and chemical tank barge for dual-mode ITB service pursuant to U.S. Coast Guard NVIC 2-81, Change 1. The barge has been built in compliance with MARPOL Annex VI Regulation 13 Tier III standards regarding nitrogen oxide emissions within emission control areas. The state-of-the-art 581’ tank barge is among the largest in the history of Greenbrier Marine, with origins on the Willamette River in Portland dating to 1919.
Nonfossil sources accounted for 20% of US energy consumption in 2019

AJOT | July 01, 2020 | Energy

Overall energy consumption in the United States totaled 100 quadrillion British thermal units (Btu) in 2019, only slightly less than the record set in 2018 and the third-highest level of annual U.S. energy consumption ever. About 20% of U.S. energy consumption in 2019 came from sources other than fossil fuels. Several energy sources hit record consumption values in 2019, based on data in the U.S. Energy Information Administration’s (EIA) Monthly Energy Review: natural gas, nuclear, wind, and solar.

A Second Virus Wave Is Threatening U.S. Oil Demand Again

Bloomberg | June 29, 2020 | Energy | Conventional
U.S. refinery capacity sets new record as of January 1, 2020

AJOT | June 26, 2020 | Energy | Conventional | By The Numbers

U.S. operable atmospheric crude oil distillation capacity increased 0.9% during 2019, reaching a record of 19.0 million barrels per calendar day (b/cd), up 0.2 million b/cd from the previous record of 18.8 million b/cd the year before.

Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen

AJOT | June 26, 2020 | Energy | Conventional | By The Numbers

Germany Weighs Measures Against U.S. Over Nord Stream Threat

Bloomberg | June 26, 2020 | Energy | Conventional

Venezuela Oil Crisis Deepens With India Refiners Halting Imports

Bloomberg | June 25, 2020 | Energy | Conventional

Oil Rises on Russian Export Cuts, Offsets Virus Demand Jitters

Bloomberg | June 25, 2020 | Energy | Conventional
Norway tax relief to cut breakevens by 40%, boosting the country’s rig demand while the UK’s plunges

AJOT | June 25, 2020 | Energy

A Rystad Energy assessment of the temporary tax relief package for the petroleum industry that Norway recently approved reveals that the move will improve exploration and production companies’ short-term liquidity and reduce breakeven prices for future development projects by about 40% on average*.
China gasoline exports risk derailing motor fuel’s recovery

Bloomberg | June 24, 2020 | Energy

A surge in Chinese gasoline exports is threatening to derail a nascent recovery in profits for Asian refiners making the motor fuel, who have endured months of virus-driven demand destruction.
Magrone appointed CSO of Wiferion

AJOT | June 24, 2020 | Energy

Nicola Magrone has been appointed Chief Sales Officer (CSO) of energy solutions provider Wiferion.

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