Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Raízen IPO aims to accelerate growth of Shell’s renewable energy joint venture in Brazil
| August 05, 2021 | Energy
Mitsubishi Shipbuilding concludes technical cooperation agreement with Namura Shipbuilding on LPG powered VLGCs/ammonia carrier construction
| August 05, 2021 | Energy | Maritime | Bulk
• Ammonia-loadable Largest LPG powered vessel • Cooperation will support Namura Shipbuilding's construction of large LPG/ammonia carrier for MOL Group • As partner in commercial ship alliance, Mitsubishi Shipbuilding will also provide engineering services supporting ship construction
US petroleum consumption decreased to a 25-year low in 2020
| August 05, 2021 | Energy
In 2020, 18.1 million barrels per day (b/d) of petroleum products were consumed in the United States, a 25-year low. From 2019 to 2020, petroleum consumption decreased in every energy-consuming sector, and it decreased a record 15% in the transportation sector. Our new U.S. petroleum products consumption by source and sector chart shows how much petroleum by source was consumed in each sector.
Creditors close In on Citgo, the last asset Guaido has left
| August 05, 2021 | Energy
Oil decreases as crude stockpile data adds to virus concerns
| August 04, 2021 | Energy
Russia captures no. 2 rank among foreign oil suppliers to US
| August 04, 2021 | Energy
Orsted Texas project
| August 04, 2021 | Energy | Alternative
Ørsted has completed the 367 MW Western Trail Wind Farm located in Wilbarger and Baylor counties, Texas - its largest onshore wind project to date that brings Ørsted's total onshore capacity to over 2.8 GW of wind, solar, and battery storage in operation.
Rising US jet fuel refinery production contributes to high jet fuel inventories
| August 04, 2021 | Energy
Rising U.S. air travel since the beginning of 2021 has contributed to increased demand for kerosene-type jet fuel in the United States. However, increased production of jet fuel has outpaced the higher demand, leading to higher-than-average jet fuel inventory levels.
Oil drops for third day as China delta outbreak threatens demand
| August 04, 2021 | Energy
Iran offers help in ‘very suspicious’ ship incident in Oman Gulf
| August 03, 2021 | Energy
US seizes oil tanker used to violate sanctions against North Korea
| August 03, 2021 | Energy | Ports & Terminals
A New York federal court today entered a judgment of forfeiture regarding the M/T Courageous, a 2,734-ton oil-products tanker used to make illicit deliveries of petroleum products through ship-to-ship transfers with vessels flagged in the Democratic People’s Republic of Korea.
DHL to add electric planes to fleet in pursuit of zero emissions
| August 03, 2021 | Air Cargo | Freighters | Energy | Alternative
The race toward zero-emission logistics chains is expanding from the road to the skies.
‘Live’ DUC well inventory fell to lowest since 2013 as the US continues to frack more than it drills
| August 03, 2021 | Energy
US tight oil operators have for several months been depleting their inventory of drilled but uncompleted wells (DUCs) and, amid a slower drilling response, the number of ‘live’ DUCs in the country’s major oil regions slumped to 2,381 wells in June 2021, the lowest level since 2013, a Rystad Energy analysis reveals.
MOL to build series of 4 LNG-fueled car carriers - progressing towards “90 LNG-fueled vessels by 2030”
| August 03, 2021 | Energy | Alternative | Maritime | Breakbulk News
Stabilis Solutions and Galveston Wharves partner to offer LNG fueling services for marine vessels
| August 03, 2021 | Energy | Maritime | Ports & Terminals
US energy intensity has dropped by half since 1983, varying greatly by state
| August 03, 2021 | Energy
Energy intensity—calculated as total energy consumption divided by real gross domestic product (GDP)—is a common energy indicator and efficiency measure. In 2020, U.S. energy intensity reached a low of 5.05 thousand British thermal units (Btu) per chained 2012 dollar, down 4% from the previous year and less than half as energy intensive as the United States was in 1983. Energy intensity varies greatly by state, and some states operate with much greater energy intensity than the U.S. average.
China’s virus flare-up stokes oil-demand fears
| August 03, 2021 | Energy
OPEC+ agrees to crude oil production increases, but Brent crude oil prices remain high
| August 02, 2021 | Energy
On July 18, OPEC+, which includes most members of OPEC and several non-OPEC members (including Russia), agreed to increase monthly crude oil production starting in August 2021. On July 19, after the new OPEC+ agreement was made public, the price of Brent crude oil fell 7% from the previous day to $69 per barrel (b). Since then, the price of Brent crude oil has been rising, reaching $76/b on July 30.
Ship attack raises tensions ahead of inauguration
| August 02, 2021 | Energy
Deadly drone attack on Israel-linked oil tanker kills two
| July 30, 2021 | Energy
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