Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Asia has too much diesel and it’s likely headed to Europe
| August 22, 2021 | Energy
US sanctions Russian insurer in new Nord Stream 2 report
| August 20, 2021 | Energy | International Trade
Octillion moves US headquarters to Richmond, CA
| August 20, 2021 | Energy | Alternative
DNV awards AiP to SHI for VLCC fuel ready design
| August 20, 2021 | Energy
US large-scale battery storage capacity up 35% in 2020, rapid growth set to continue
| August 20, 2021 | Energy | Alternative
The United States continued a trend of significant growth in large-scale battery storage capacity in 2020, when year-end U.S. battery power capacity reached 1,650 megawatts (MW). According to our report, Battery Storage in the United States: An Update on Market Trends, U.S. battery power capacity grew by 35% in 2020 and has tripled in the last five years. The trend is expected to continue; utilities have reported plans to install over 10,000 MW of additional large-scale battery power capacity in the United States from 2021 to 2023—10 times the capacity in 2019.
On the water: UECC’s second LNG battery hybrid PCTC
| August 19, 2021 | Energy | Alternative | Maritime | Breakbulk News
UECC’s ambitious effort to upgrade its fleet with low-carbon vessels remains on track with the launch this week of the second in a series of three LNG battery hybrid newbuilds at a Chinese yard.
US crude exports return to form
| August 19, 2021 | Energy
Today's weekly EIA report showed US crude exports rebounding to 3.43 million barrels per day. This return to form was aided by the first Alaskan loading of ANS since early June, and bolstered by a VLCC export from LOOP last Thursday. Weekly Beaumont loadings also reached their highest since the week ending April 2.
Jet fuel struggles: Asian demand lags so badly that Europe topped it for first time since mid-2010
| August 19, 2021 | Energy
International aviation restrictions are still preventing jet fuel from recovering as fast as other oil products, a Rystad Energy analysis reveals.
Electricity demand in lower 48 states reached a high of 720 gigawatthours on August 12
| August 19, 2021 | Energy
On August 12, 2021, most of the United States registered a daily high temperature above 90°F. Our Hourly Electric Grid Monitor shows that hourly electricity demand in the Lower 48 states reached 720 gigawatthours (GWh) for the hour ending 5:00 p.m. eastern daylight time (EDT) on that day, which is the highest reported value for a single hour since balancing authorities (BAs) began reporting hourly electricity demand to us in July 2015. The previous hourly high was 718 GWh reported for the hour ending 6:00 p.m. EDT on July 20, 2017.
Maersk secures green e-methanol for the world’s first container vessel operating on carbon neutral fuel
EIA: OPEC petroleum production forecast revised down for 2021
| August 18, 2021 | Energy | Conventional | By The Numbers
Wilhelmsen handles urgent oil & gas shipment via RORO
| August 18, 2021 | Energy | Project / Heavy Lift | Maritime Project
Wilhelmsen Ships Service has handled a urgent oil and gas static shipment via a RORO liner service. The oil field equipment totalled 119 pieces at 2400cbm / 275mt and was shipped from Jebel Ali in the UAE to Veracruz, Mexico.
China’s gasoline exports fall to 14-month low on tight quota
| August 18, 2021 | Energy | Conventional
Escalating U.S.-China solar rift threatens Biden green goals
Average U.S. construction cost for onshore wind generation decreased by 27% since 2013
| August 17, 2021 | Energy | Alternative | By The Numbers
U.S. onshore wind generating capacity increased 74% from 2013 to 2019 to a total of 104 gigawatts (GW), including 9.6 GW built in 2019.
BOEM completes environmental review for wind project proposed for offshore Rhode Island and New York
| August 17, 2021 | Energy | Alternative
U.S. solar group petitions against China’s offshore plants
| August 17, 2021 | Energy | Alternative
U.S. large-scale battery storage power capacity increased 35% in 2020
| August 16, 2021 | Energy | Alternative | By The Numbers
The United States has continued a trend of significant growth in large-scale battery capacity, and U.S. battery power capacity reached 1,650 megawatts (MW) at the end of 2020.
U.S. natural gas net trade is growing as annual LNG exports exceed pipeline exports
| August 16, 2021 | Energy | Conventional | By The Numbers
In our August 2021 Short-Term Energy Outlook (STEO), we forecast that U.S. natural gas exports will exceed natural gas imports by an average of 11.0 billion cubic feet per day (Bcf/d) in 2021, or almost 50% more than the 2020 average of 7.5 Bcf/d.
Odfjell SE completes exit from gas carrier segment
| August 16, 2021 | Energy | Conventional
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