Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Most planned US battery storage additions in next three years to be paired with solar
| September 29, 2021 | Energy
Of the 14.5 gigawatts (GW) of battery storage power capacity planned to come online in the United States from 2021 to 2024, 9.4 GW (63%) will be co-located with a solar photovoltaic (PV) power plant, based on data reported to us and published in our Annual Electric Generator Report. Another 1.3 GW of battery storage will be co-located at sites with wind turbines or fossil fuel-fired generators, such as natural gas-fired plants. The remaining 4.0 GW of planned battery storage will be located at standalone sites.
Ensuring floating wind realizes its potential
| September 29, 2021 | Energy | Alternative | Project / Heavy Lift | Maritime Project
Floating wind can play a major role in the world reaching carbon neutrality in the coming decades, but as a maturing technology there is not yet a standard implementation proven at commercial scale. Francisco Rodrigues, Mammoet Global Segment Lead for Offshore Wind, discusses how engineered heavy lifting and logistics can help this exciting technology to mature and realize its potential.
Breaking records left and right, Argentina’s Vaca Muerta is the world’s quickest growing shale play
| September 29, 2021 | Energy
Argentina’s Vaca Muerta shale play, having registered strong growth in oil and gas production and well activity levels in recent months, has emerged as the world’s fastest growing major shale basin, a Rystad Energy report shows. A record number of wells were completed and put on production (POP), propelling the play’s oil and gas output to new highs in July and August, and charting a course for even more growth by year-end. This surge from Vaca Muerta is poised to lift Argentina’s country-wide oil production to the highest level in years, with the play’s competitiveness also rising against US basins.
Interior Department announces environmental review of proposed wind energy projects offshore New Jersey
| September 29, 2021 | Energy | Alternative | Project / Heavy Lift | Maritime Project
Oil markets and the winter energy crisis
| September 29, 2021 | Energy
U.K. sees fuel crisis still days from resolving as lines persist
Electric vans roll off line that once made gas-guzzling Hummers
Airport-taxiway congestion eased by software in tests, saving fuel
The winners and losers in Asian markets from energy crunch
| September 29, 2021 | Energy
Weathernews establishes total offshore project support team
| September 28, 2021 | Energy | Alternative
Supporting offshore wind power business with AI-based high-resolution prediction model – predicting winds and waves using 1~2 km mesh to provide meteorological support for feasibility studies, construction and operation.
China power crisis to kick off global race for coal imports
| September 28, 2021 | Energy | International Trade | Commodity
China’s power crisis looks set to spur it to import more coal from a wider range of producers, putting it into competition with European and Indian buyers that are also snapping up more of the dirtiest fossil fuel.
LNG price rally spurs oil switch in Asia, boosting oil prices and demand by 400,000 bpd
| September 28, 2021 | Energy
The recent rally in LNG prices in Europe and Asia has dramatically widened the economic incentive to switch from natural gas to oil in power generation.
Crowley awarded multi-year fuel storage services contract by DLA-Energy
| September 28, 2021 | Energy
Crowley Solutions, the government services business unit of Crowley Maritime Corporation, has been awarded a multi-year contract by the U.S. Defense Logistics Agency-Energy to provide fuel management and storage services for Pacific military operations.
China power supply crunch hits Toyota operations
| September 28, 2021 | Energy
U.K. puts army drivers on standby to tackle widening fuel crisis
| September 27, 2021 | Energy | Intermodal | Trucking
The U.K. officially put the military on standby to help deliver supplies to gasoline stations in an effort to stem a widening crisis that’s engulfed Prime Minister Boris Johnson’s government.
Protesters stop workers at site of TC Energy’s B.C. gas pipeline
| September 27, 2021 | Energy
DNV and Altera Infrastructure pilot new ABATE notation to reduce GHG emissions on offshore installations
| September 27, 2021 | Energy | Project / Heavy Lift | Maritime Project
Classification society DNV has introduced the new ABATE class notation, designed to assist the owners and operators of offshore floating installations to identify and implement measures to reduce greenhouse gas (GHG) emissions. Altera Infrastructure is the first FPSO owner to pilot the DNV notation on the Petrojarl Knarr FPSO, with successful results so far.
High global demand, low global supply contribute to rising U.S. propane spot prices
| September 27, 2021 | Energy
Since mid-September 2020, wholesale propane prices at Mont Belvieu, Texas, the main U.S. hydrocarbon gas liquids (HGL) hub, increased to an average of $1.33 per gallon (gal) during the week ending September 24, 2021, the highest weekly average since February 2014. Wholesale propane prices have increased because of high international demand and low global propane supply. The United States exported an average of 1.3 million barrels per day (b/d) of propane in the first half of 2021, 100,000 b/d more than in the first half of 2020, despite relatively flat production and domestic consumption.
U.K. relaxes antitrust rules, may bring in army to boost fuel supplies
| September 27, 2021 | Energy | Intermodal | International Trade | Trucking
Prime Minister Boris Johnson is ready to bring in Army drivers if needed to fix a supply chain crisis that threatens to engulf his U.K. government, amid scenes of panic-buying and gas stations running dry.
Sri Lanka vows to push on with LNG imports even as gas surges
| September 26, 2021 | Energy
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