Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
U.S. natural gas consumption sets new record in 2019
| March 03, 2020 | Energy | Conventional | By The Numbers
U.S. natural gas consumption increased by 3% in 2019, reaching a record of 85.0 billion cubic feet per day (Bcf/d), according to the U.S. Energy Information Administration’s (EIA) recently released Natural Gas Monthly. New natural gas-fired electric capacity and lower natural gas prices led the increase in domestic natural gas consumption.
Australia’s Island State Touts 10-Year Plan to Export Hydrogen
| March 02, 2020 | Energy | Alternative
Delayed Chinese fuel flood risks more pain for Asia refiners
| March 02, 2020 | Energy | Conventional
U.S. crude oil production grew 11% in 2019, surpassing 12 million barrels per day
| March 02, 2020 | Energy | Conventional | By The Numbers
Annual U.S. crude oil production reached another record level at 12.23 million barrels per day (b/d) in 2019, 1.24 million b/d, or 11%, more than 2018 levels.
OPEC Production Sinks Before Meeting as Conflict Roils Libya
| March 02, 2020 | Energy | Conventional
Qatar’s liquefaction capacity drive set to cost $50 billion
| March 02, 2020 | Energy | Conventional
Rystad Energy: Coronavirus to delay most of 2020’s FPSO deliveries and postpone $30 billion of E&P investments
| February 28, 2020 | Energy | By The Numbers
Out of a global total of 28 floating production, storage and offloading (FPSO) vessels that are under construction, 22 are being built at shipyards in China, South Korea and Singapore.
Global oil & gas prices in 2020 set to fall short of earlier forecasts as coronavirus spreads
| February 27, 2020 | Energy
As China’s coronavirus epidemic continues to expand and more countries are affected, the slowdown in global oil and gas consumption this year will hit suppliers who will see average prices fall below previous expectations, according to Rystad Energy’s revised forecasts.
Trump ready to end Chevron’s sanctions waiver in Venezuela
| February 27, 2020 | Energy | International Trade
Utility energy efficiency spending and savings declined in 2018
| February 27, 2020 | Energy
The U.S. Energy Information Administration’s (EIA) annual survey of more than 600 electric utilities and third-party program managers shows that total inflation-adjusted energy efficiency (EE) spending and electricity savings fell in 2018 as the cost of achieving savings increased in the residential sector. EE spending fell for the second year in a row, in part, because of less administrative, marketing, and other spending not directly related to energy efficiency incentives. Since 2014, reported energy efficiency savings have increased by 7%, and energy efficiency incentive spending has declined by 6%.
Wind has surpassed hydro as most-used renewable electricity generation source in US
| February 26, 2020 | Energy
In 2019, U.S. annual wind generation exceeded hydroelectric generation for the first time, according to the U.S. Energy Information Administration’s Electric Power Monthly. Wind is now the top renewable source of electricity generation in the country, a position previously held by hydroelectricity.
MOL to start joint development for the digitalization of FSRU
| February 26, 2020 | Energy
Jet fuel’s luster tarnished by virus with demand in doubt
| February 25, 2020 | Air Cargo | Energy
Blue Water enters Trinidad
| February 24, 2020 | Energy | Conventional | Maritime | Bulk
KPI Bridge Oil agrees merger with OceanConnect Marine
| February 24, 2020 | Energy | Conventional
Canadian pipeline segment faces delay amid indigenous protests
| February 22, 2020 | Energy | Conventional
British Columbia is delaying a decision on a controversial stretch of the Coastal GasLink pipeline and asking TC Energy Corp. to take more time to engage with indigenous groups after weeks of debilitating protest blockades along Canada’s rail network.
TOP Ships announces agreement to sell its 50% owned vessels
| February 21, 2020 | Energy
Arctic heavy fuel oil ban inches forward, but loopholes denounced as “outrageous”
| February 21, 2020 | Energy
LNG cargoes canceled as virus compounds US export glut
| February 21, 2020 | Energy
A buyer of liquefied natural gas has canceled two cargoes from Cheniere Energy Inc., the biggest U.S. exporter, as a global glut pummels prices for the fuel and threatens to shut a key outlet for shale production.
EIA projects US energy intensity to continue declining, but at a slower rate
| February 20, 2020 | Energy
EIA’s recently released Annual Energy Outlook 2020 (AEO2020) projects that U.S. energy consumption will grow more slowly than gross domestic product (GDP) through 2050 as energy intensity continues its decades-long trend of decline through the AEO2020 forecast period. Energy intensity is a measure of how efficiently the economy uses energy to produce every dollar of GDP.
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