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EIA expects total U.S. fossil fuel production to reach record levels in 2018 and 2019

AJOT | January 18, 2018 | Energy

In its January 2018 Short-Term Energy Outlook (STEO), EIA forecasts that total fossil fuels production in the United States will average almost 73 quadrillion British thermal units (Btu) in 2018, the highest level of production on record. EIA expects total fossil fuel production to then set another record in 2019, with production forecast to rise to 75 quadrillion Btu.

Mammoet awarded contract for Africa’s biggest oil refinery

AJOT | January 18, 2018 | Project / Heavy Lift | Energy

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Chevron Shipping awards global oil and LNG contract to GAC

AJOT | January 17, 2018 | Maritime | Bulk | Energy

Chevron Shipping Company (CSC) has further cemented its long-standing relationship with the GAC Group by awarding it a global three-year ship agency contract for both crude and LNG vessels.

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Wholesale power prices in 2017 were stable in the east, but increased in Texas, California

AJOT | January 17, 2018 | Energy | International Trade

Less volatility in natural gas fuel prices through the year contributed to stable wholesale electricity prices in most areas of the United States, although late summer heat waves resulted in short-term price spikes in some western electricity markets.

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Natural gas prices, production, and exports increased from 2016 to 2017

AJOT | January 16, 2018 | Energy | International Trade

In 2017, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $3.01 per million British thermal units (MMBtu), about 50 cents per MMBtu higher than in 2016. The higher prices in 2017 contributed to less natural gas consumption for power generation. Increased domestic production was offset by increased exports of natural gas by pipeline and liquefied natural gas (LNG) cargoes.

NORDEN raises expectations for 2017

AJOT | January 16, 2018 | Maritime | Bulk | Energy

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Crowley announces plans to build new 100,000-barrel Alaska Class ATB to enhance Alaska fuel services

AJOT | January 15, 2018 | Maritime | Bulk | Energy

Crowley Fuels LLC announced today that it has signed a construction contract with Bollinger Shipyards to build a new Alaska Class 100,000-barrel-capacity articulated tug-barge (ATB) to transport multiple clean petroleum products in the Alaska market.

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During recent cold snap, the U.S. withdrew a record amount of natural gas from storage

AJOT | January 14, 2018 | Energy

During the recent cold weather event that affected much of the eastern United States, more natural gas was withdrawn from storage fields around the country than at any other point in history. Net withdrawals from natural gas storage totaled 359 billion cubic feet (Bcf) for the week ending January 5, 2018, exceeding the previous record of 288 Bcf set four years ago.

New Baltic Exchange LNG Panellists Group

AJOT | January 11, 2018 | Maritime | Bulk | Energy

U.S. Becomes a Net Gas Exporter for the First Time in 60 Years

Bloomberg | January 11, 2018 | Energy | International Trade

Crew Aboard Blazing Iranian Oil Tanker May Be Alive, Owner Says

Bloomberg | January 10, 2018 | Maritime | Bulk | Energy

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Shipping accident statistics identify loss hotspot in Asian seas

AJOT | January 10, 2018 | Maritime | Energy

Analysis of global shipping losses over the last decade has highlighted East/South East Asian seas as an accident hotspot, with the collision of the oil tanker Sanchi with another ship off the coast of Shanghai as the latest major shipping incident in the region.

Traditional Shipowner and Shipmanager strengthens its LNG business

AJOT | January 09, 2018 | Maritime | Bulk | Energy

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