Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
U.S. natural gas consumption sets new record in 2019

AJOT | 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

Bloomberg | March 02, 2020 | Energy | Alternative

Delayed Chinese fuel flood risks more pain for Asia refiners

Bloomberg | March 02, 2020 | Energy | Conventional
U.S. crude oil production grew 11% in 2019, surpassing 12 million barrels per day

AJOT | 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

Bloomberg | March 02, 2020 | Energy | Conventional

Qatar’s liquefaction capacity drive set to cost $50 billion

AJOT | March 02, 2020 | Energy | Conventional
Rystad Energy: Coronavirus to delay most of 2020’s FPSO deliveries and postpone $30 billion of E&P investments

AJOT | 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

AJOT | 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

Bloomberg | February 27, 2020 | Energy | International Trade
Utility energy efficiency spending and savings declined in 2018

AJOT | 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

AJOT | 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.

Jet fuel’s luster tarnished by virus with demand in doubt

Bloomberg | February 25, 2020 | Air Cargo | Energy

Blue Water enters Trinidad

AJOT | February 24, 2020 | Energy | Conventional | Maritime | Bulk

KPI Bridge Oil agrees merger with OceanConnect Marine

AJOT | February 24, 2020 | Energy | Conventional
Canadian pipeline segment faces delay amid indigenous protests

Bloomberg | 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.
LNG cargoes canceled as virus compounds US export glut

Bloomberg | 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

AJOT | 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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