Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.

Rystad Energy’s daily market comment from our Oil Markets Analyst Louise Dickson

AJOT | March 15, 2021 | Energy | Conventional | By The Numbers
Exploration activity in Guyana to speed up, with record number of wells set for 2021

AJOT | March 15, 2021 | Energy | Conventional

Guyana has started the year with an exploration disappointment as a partner in the ExxonMobil-operated Canje block last week revealed that the first wildcat in the license failed to deliver. However, Rystad Energy expects exploration activity in the country to rebound with an annual record of 16 wells, including on the Stabroek block, also operated by ExxonMobil.

UAE Sheikh lays claim to oil cargo U.S. says is from Iran

Bloomberg | March 14, 2021 | Energy | Conventional

Fujairah-Owned Company Claims Stake in Oil Cargo Seized by U.S.

Bloomberg | March 12, 2021 | Energy | Conventional
Texas uses natural gas for electricity generation and home heating

AJOT | March 12, 2021 | Energy | Conventional

In February 2021, an extreme winter weather event affected energy supply and demand in Texas. The cold temperatures that increased demand for electricity and heating in Texas also disrupted energy supply, causing health and safety concerns.

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

AJOT | March 12, 2021 | Energy | Conventional | By The Numbers

LG to Invest $4.5 Billion to Expand Battery Capacity in U.S.

Bloomberg | March 11, 2021 | Energy | Alternative
Gas flaring at US oil refineries reached highest on our record, non-upstream flaring sets 18-month high

AJOT | March 11, 2021 | Energy

Natural gas flaring at US non-upstream onshore oil and gas facilities reached an 18-month high in February, at 180.9 million cubic feet per day (MMcfd), a Rystad Energy report shows, as frigid weather conditions in Texas forced oil refineries, gas plants and even LNG terminals to initiate the emergency release of gas as most facilities struggled to cope with the extreme weather. Flaring at oil refineries in particular rose to 64 MMcfd, the highest in our database, which dates back to January 2018.
Annual US coal exports drop 26% between 2019 and 2020

AJOT | March 11, 2021 | Energy

In 2020, U.S. coal exports declined to 69 million metric short tons (MMst), a 26% decrease from 93 MMst in 2019. Steam coal exports, which accounted for 40% of the total, declined by more than one-third, dropping 34% from the previous year to 27 MMst. Metallurgical coal had a smaller, but still significant, decrease of 20%. The COVID-19 pandemic slowed global demand for coal, and some U.S. coal mines were idled for extended periods to slow the spread of the virus. Coal exports decreased significantly in April 2020 as the United States and countries around the world responded to the pandemic.

Giant oil tankers are losing almost $7,000 a day amid OPEC cuts
Bloomberg | Top Story | March 11, 2021

Giant oil tankers are losing almost $7,000 a day amid OPEC cuts

Times are getting tougher by the day for oil tanker owners.
Ørsted, Aker Carbon Capture and Microsoft commit to explore development of carbon capture

AJOT | March 10, 2021 | Energy

New collaboration to explore the technological, regulatory, and commercial possibilities of developing carbon capture at biomass-fired heat and power plants.

China’s binge on Iranian oil clogs up ports and storage tanks

Bloomberg | March 10, 2021 | Energy | Ports & Terminals

Top Democrat sees additional Nord Stream 2 sanctions from Biden

Bloomberg | March 09, 2021 | Energy | International Trade
Rystad Energy’s 3rd energy transition report: Hydrogen’s CO2 intensity, vehicles cost, refinery demand, growth markets, production costs and energy needs

AJOT | March 09, 2021 | Energy

The energy world is changing, and quicker than most experts predicted only a year ago. The adaptation of renewable energy technologies is accelerating, even during the pandemic, and three contenders – carbon capture and storage (CCS), battery storage and hydrogen – have begun a competitive race to reduce emissions and assist the increasing number of countries, industries and companies that are setting net zero targets.

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