Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
US’ top gas basin for LNG exports set for 20% output decline in a $1.80-$1.90 Henry Hub scenario
| May 12, 2020 | Energy | By The Numbers
The Haynesville gas basin, arguably the most important basin for liquefied natural gas (LNG) exports in the US due to its proximity to existing and planned terminals, is set for a 20% decline in output towards 2023 if Henry Hub prices average at $1.80-$1.90 per million British thermal unit (MMBtu), a Rystad Energy analysis reveals.
Oil climbs with demand uptick and Saudi cuts hinting at recovery
| May 12, 2020 | Energy
Oil advanced as the combination of an uptick in demand and Saudi Arabia’s pledged production cuts spurred optimism over a market recovery.
Qatar and its lose-lose problem in global gas flight
| May 12, 2020 | Energy
Hemmed in by weak demand and scarce storage, the world’s biggest exporter of liquefied natural gas may soon face a stark choice: curb output or ignite a battle for market share that has the potential -- just as in the oil market -- to turn gas prices negative.
Oil boosted by demand rise and deeper Saudi Arabian output cuts
| May 12, 2020 | Energy
Oil’s nightmare scenario of storage exhaustion starts to fade
| May 11, 2020 | Energy
While the global oil market remains in a dire situation, it’s starting to look like the nightmare scenario envisioned for the past month might just be averted.
Oil dips with doubts surfacing over Saudi Arabia production cuts
| May 11, 2020 | Energy
Commodities primed for major week as lockdown shackles ease off
| May 11, 2020 | Energy | International Trade | Commodity
Refiners Are Making More Diesel Than Farmers and Truckers Need
| May 08, 2020 | Energy | Conventional | Intermodal | Trucking
Refiners in the U.S. are making diesel fuel faster than truckers and farmers can burn it.
Remote work technology: The one oil and gas services segment that Covid-19 has benefited
| May 08, 2020 | Energy | Conventional | By The Numbers
There are no hard numbers yet to illustrate the extent to which the Covid-19 pandemic has affected the oil and gas industry’s digitization. However, a Rystad Energy analysis of service companies’ earnings calls reveals a clear growth in cost-saving remote work technologies.
Growth in India’s LNG imports will depend on completion of connecting pipelines
| May 08, 2020 | Energy | Conventional | By The Numbers
India has been the world’s fourth-largest importer of liquefied natural gas (LNG) since 2011, gradually increasing LNG imports as the country’s domestic natural gas production declined and domestic consumption increased.
Oil Slips With Glut Concerns Reversing Saudi Price Hike Boost
| May 07, 2020 | Energy | Conventional
Oil fell in a day of wild price swings as investors weighed supply-and-demand fundamentals against Saudi Arabia’s global price hike.
US shut-ins double: Company guidance hints 616,000 barrels per day shut during May, 655,000 in June
| May 07, 2020 | Energy
US production of 616,000 barrels of oil per day (bpd) will be shut during May and 655,000 bpd during June as a result of the supply-demand imbalance that the Covid-19 pandemic has created, according to a Rystad Energy analysis based on the early communication from US oil producers.
Oil rises on optimism that Saudi price hike will aid recovery
| May 07, 2020 | Energy
Covid-19 demand update: Oil seen down 10.9%, jet fuel down 33.6%, road fuel down 11.1% in 2020
| May 07, 2020 | Energy
Rystad Energy’s weekly comprehensive Covid-19 report calculates the effect of the novel coronavirus in our lives and offers updated estimates for global fuel markets.
Daily electricity demand impacts from COVID-19 mitigation efforts differ by region
| May 07, 2020 | Energy
Recent business shutdowns and changes to normal routines related to mitigation efforts for the 2019 novel coronavirus disease (COVID-19) have caused daily weekday electricity demand in the central region of the United States to decrease by 9%–13% in March and April compared with expected demand, after accounting for seasonal temperature changes. This decrease is similar to declines seen in New York. In contrast, other areas of the country, such as Florida, have not experienced significant changes, which may partly be caused by regional differences in how much electricity each end-use sector consumes and the varying effects of COVID-19 mitigation efforts on the sectors.
NATO support and procurement agency awards global fuels consulting contract to Crowley Solutions
| May 07, 2020 | Energy | Conventional
Crowley Solutions, a leading provider of energy, maritime, technology and supply chain services for the U.S. government, announced today that it has been awarded a multi-year contract from NATO Support & Procurement Agency (NSPA) for global fuels services consulting.
Time for champagne: France to become Europe’s fourth-largest offshore wind producer in 2030
| May 06, 2020 | Energy
France’s ambition to increase electricity production from renewable energy sources will make the country Europe’s fourth-largest offshore wind power producer in 2030, with 7.4 gigawatts (GW) of capacity in operation. The development is going full-steam ahead despite any potential cost or supply chain issues from Covid-19.
Daily electricity demand in New York falls about 13% after COVID-19 mitigation efforts
| May 06, 2020 | Energy
Recent business shutdowns and changes to normal routines related to mitigation efforts for the 2019 novel coronavirus disease (COVID-19) have caused daily, weekday electricity demand in New York state to decrease by 11%–14% in March and April compared with expected demand, after accounting for seasonal temperature changes. Electricity demand changes in New York state and in New York City, in particular, have been more pronounced than in other parts of the country, which may partly be caused by regional differences in how much electricity each end-use sector consumes and the varying effects of COVID-19 mitigation efforts on the sectors.
Covid-19 and subsea: Demand for umbilicals set for multi-year blow, despite cost savings
| May 06, 2020 | Energy
The Covid-19 pandemic and its devastating effect on global energy investments is set to damage subsea purchases, with demand for umbilical lines expected to fall by 32% to just 713 kilometers (km) of lines in 2020, down from 1,041 km last year, a Rystad Energy impact analysis reveals.
Dorian LPG Ltd. announces closing of two financing transactions
| May 06, 2020 | Energy
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