Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Why it’s so hard for the solar industry to quit Xinjiang
| December 09, 2021 | Energy | Alternative
Nearly half the global supply for the raw material used to make solar panels is produced in the troubled Chinese region.
VARD wins new North Star contract for an additional SOV to operate on Dogger Bank Wind Farm
| December 09, 2021 | Energy | Alternative | Project / Heavy Lift | Maritime Project
VARD, one of the world’s major designers and shipbuilders of specialized vessels, is pleased to announce that it has secured a new contract for the design and construction of one Service Operation Vessels (SOV) for North Star Group in the UK. The vessel of VARD 4 12 design will be the fourth SOV to be delivered from VARD to North Star for operation on the Dogger Bank Wind Farm in the North Sea.
WinGD outlines simple steps to decarbonize deep-sea shipping
| December 09, 2021 | Energy | Alternative | Maritime | Technology
US trade agency urges Biden to extend Trump’s solar tariffs
| December 09, 2021 | Energy | Alternative | International Trade
A U.S. trade agency is recommending that President Joe Biden should extend Trump-era tariffs on imported solar components.
North Dakota’s natural gas producers meet the state’s natural gas capture target
| December 08, 2021 | Energy
In North Dakota, the rate of natural gas flaring (which is natural gas burned at the wellhead of the production site rather than being captured) declined to an average of 7.5% this year through September. This decline in natural gas flaring resulted in producers capturing 92.5% of produced natural gas, which meets the state’s goal to capture 91% of the natural gas produced in the state. In early 2020, natural gas production fell rapidly as a result of COVID-19-related impacts, from 3.2 billion cubic feet per day (Bcf/d) in March to 1.9 Bcf/d in May, but returned to pre-pandemic levels almost as rapidly, reaching 2.9 Bcf/d by October of the same year. From April 2020 to September 2021, producers met the state capture target for every month except July 2021.
Egypt oil pipeline sees flows surge as Poland becomes biggest buyer
| December 08, 2021 | Energy
Venezuela is resurrecting its oil fields with backpacks of cash
| December 08, 2021 | Energy
In September, the US was at its lowest coal stockpiles since 1978
| December 07, 2021 | Energy
Coal stockpiles at U.S. electric power plants totaled 80 million tons at the end of September, the lowest monthly level since March 1978. As U.S. coal plants have retired and remaining plants are used less, the country’s total coal stockpiles have declined. In addition, increased electricity generation by coal plants during the summer of 2021 also reduced coal inventories.
Ørsted scores ’A’ on gold standard climate action list – again
| December 07, 2021 | Energy | Alternative
Global environmental non-profit CDP acknowledges Ørsted as a global leader on climate action for the third year in a row. Since CDP’s assessment, Ørsted had its 2040 net-zero target approved as science-based as only one of seven companies globally.
Stryten Energy strengthens battery production capacity with acquisition of Tulip Richardson Manufacturing
| December 07, 2021 | Energy | Alternative
EIA expects short-term crude oil prices to remain lower than the highs of 2021
| December 07, 2021 | Energy
Oil traders take long shot bets on chance of a US oil export ban
| December 07, 2021 | Energy
Canada’s trade surplus widens on oil exports, auto rebound
| December 07, 2021 | Energy | International Trade | Commodity
Oil demand isn’t taking a big hit from the omicron variant yet
| December 07, 2021 | Energy
European gas prices jump as US weighs more sanctions on Russia
| December 07, 2021 | Energy
Propane ready to ensure equity & reduce carbon emissions under Infrastructure Act
| December 06, 2021 | Energy | Alternative
Oil rises on Omicron’s mild symptoms, Saudi Aramco’s January pricing - Rystad Energy
| December 06, 2021 | Energy | Conventional | By The Numbers
Brazil was the only South American country to increase crude oil production in 2020
| December 06, 2021 | Energy | Conventional | By The Numbers
Brazil was the only oil-producing country in South America to report an increase in crude oil and condensate production in 2020 compared with 2019, according to our Country Analysis Brief: Brazil, which we updated this summer.
More OPEC production and higher global natural gas prices widen crude oil price spreads
| December 03, 2021 | Energy | Conventional | By The Numbers
Rising crude oil exports from OPEC members that produce mostly medium-sulfur or high-sulfur crude oils, also called sour crude oils, and higher natural gas prices have contributed to lower prices for sour crude oils relative to low-sulfur (sweet) crude oils.
Oil rises as the market downplays the Omicron threat and brushes off bearish OPEC+ outcome - Rystad Energy
| December 03, 2021 | Energy | Conventional | By The Numbers
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