Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
MOL, MOL Drybulk, J-ENG sign agreement for trial of hydrogen-fueled engine equipped onboard
| November 09, 2021 | Energy | Alternative | Maritime | Breakbulk News
Kuehne+Nagel becomes the first air logistics provider to offer customers sustainable fuel option for all shipments
| November 09, 2021 | Air Cargo | Air Forwarders | Energy | Alternative
Startup Universal Hydrogen in supply deal with Fortescue unit
| November 09, 2021 | Energy | Alternative
Crude oil demand returns faster than supply, increasing prices and reducing inventories
| November 09, 2021 | Energy
The price of U.S. benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020. Because of the economic effects, government and business responses, and personal travel changes caused by the COVID-19 pandemic in 2020, demand for crude oil and petroleum products declined rapidly, inventories increased, and prices fell.
European gas slides as Russia progressively steps up exports
| November 09, 2021 | Energy
EIA expects volatile natural gas prices this winter because of uncertainty about weather
| November 09, 2021 | Energy
Bittersweet US methane fee: A softer bill but it could still cost O&G firms close to $1 billion in 2025
| November 09, 2021 | Energy
The ‘methane fee’, a part of the amended text of the Build Back Better Act released by the House Rules Committee in the US, could cost the petroleum and natural gas industry $1.3 billion in 2025 under a status quo scenario, a Rystad Energy analysis shows. Although the latest draft bill relaxes some of the previously proposed regulations, the latest iteration will still have a profound economic impact, especially on smaller onshore producers.
ExxonMobil and PETRONAS to study carbon capture and storage in Malaysia
| November 09, 2021 | Energy
Aramco warns oil spare capacity to shrink as travel rebounds
| November 09, 2021 | Energy
Rolls-Royce raises $617 million for small nuclear reactors
| November 09, 2021 | Energy | Alternative
Despite sanctions, Iran’s dry natural gas production grew steadily over the past 20 years
| November 08, 2021 | Energy
Despite international sanctions, Iran produced 8.4 trillion cubic feet (Tcf) of dry natural gas in 2019, making the country the world’s third-largest dry natural gas producer after the United States and Russia. Natural gas production in Iran has grown steadily over the past two decades despite sanctions that affected Iran’s energy exports, financial transactions, and imports of certain technologies.
China’s coal imports double after power shortage boosted demand
| November 08, 2021 | Energy | International Trade | Commodity
Qatar orders six gas ships from South Korea to boost exports
| November 08, 2021 | Energy | Maritime
US gasoline exports surge even as Americans pay up at the pump
| November 08, 2021 | Energy
Jumbo Shipping wraps up transport contract for DEME Offshore for Hornsea Two offshore wind farm
| November 05, 2021 | Energy | Alternative | Project / Heavy Lift | Maritime Project
Jumbo has completed the transport and handling of offshore wind turbine foundation components for Ørsted’s Hornsea Two offshore wind farm. Supporting DEME Offshore, Jumbo deployed its K-3000 class heavy lift vessel Fairmaster to carry out its scope of transporting 141 monopiles (MPs) and 131 transition pieces (TPs) from Rostock, Germany and Aalborg, Denmark to Eemshaven, the Netherlands.
Use of electricity in houses to grow more quickly in developing economies
| November 05, 2021 | Energy
In our International Energy Outlook (IEO2021) Reference case, we project that residential buildings outside the Organization for Economic Cooperation and Development (OECD) will consume more electricity than all residential and commercial buildings combined in OECD countries by 2050.
Shell restores production at Mars and Ursa in the Gulf of Mexico
| November 05, 2021 | Energy
Battery boom has Sherritt CEO betting on Cuban nickel expansion
| November 05, 2021 | Energy | Alternative | International Trade | Commodity
Airlines act as if $80 oil is heading even higher
| November 05, 2021 | Air Cargo | Airlines | Energy
Two US gas exporters are closer to easing the energy crisis
| November 05, 2021 | Energy
Two U.S. natural gas exporters said they’re moving closer to expanding supplies of the power-plant and heating fuel as a global shortage roils economies from the U.K. to China.
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