Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
ExxonMobil announces oil discovery at Whiptail, offshore Guyana

AJOT | July 28, 2021 | Energy

ExxonMobil today said it made a discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high quality oil bearing sandstone reservoirs. Drilling is also ongoing at the Whiptail-2 well, which has encountered 167 feet (51 meters) of net pay in high quality oil bearing sandstone reservoirs. Drilling continues at both wells to test deeper targets, and results will be evaluated for future development.
Isuzu to collaborate with Drive Electro on EV

AJOT | July 28, 2021 | Energy | Alternative | Intermodal | Trucking

Engineering company Drive Electro is planning to present Russia’s first medium-duty electric truck in the autumn of this year. The truck is based on the chassis of the Japanese vehicle Isuzu ELF. Serial production is planned at Drive Electro’s plant, which is expected to open in the first quarter of 2022.
US liquefied natural gas exports grew to record highs in the first half of 2021

AJOT | July 27, 2021 | Energy

U.S. exports of liquefied natural gas (LNG) continued to grow in the first six months of 2021, averaging 9.6 billion cubic feet per day (Bcf/d). This average marks an increase of 42%, or 2.8 Bcf/d, compared with the same period in 2020 (according to the U.S. Department of Energy’s LNG Monthly reports and our estimates for June 2021, based on shipping data from Bloomberg Finance L.P.).
Methanol gains traction as ships’ fuel

AJOT | July 27, 2021 | Energy | Alternative | Maritime | Technology

Methanol as a commercially and technically viable marine fuel is gaining greater traction over other alternative bunkers, including LNG, as more shipowners adopt the clean burning fuel as price spreads narrow and production ramps up.
In 2020, the United States produced the least CO2 emissions from energy in nearly 40 years

AJOT | July 26, 2021 | Energy

In 2020, as the country responded to the COVID-19 pandemic, CO2 emissions from energy consumption in the United States fell to the lowest level since 1983. The 4.6 billion metric tons (Bmt) of CO2 emitted in 2020 was an 11% decrease from 2019, the largest annual decrease on record, according to our Monthly Energy Review. Our new U.S. CO2 emissions from energy consumption by source and sector chart illustrates CO2 emissions by energy source and sector.
KPI OceanConnect launches future fuels division

AJOT | July 26, 2021 | Energy | Alternative | Maritime | Technology

KPI OceanConnect today announced the launch of its Alternative Fuels and Special Projects division to enhance its counterparts’ ability to achieve their sustainability ambitions. Bill Wakeling, an expert in marine fuels, will lead the new offering.
Volga-Dnepr’s time-saving logistics solution enables Pentagon Freight Services to accomplish major oil and gas project shipment to Oman

AJOT | July 26, 2021 | Air Cargo | Project | Energy | Project / Heavy Lift | Air Project

Volga-Dnepr Airlines, the acknowledged leader in providing outsized and super heavy transportation by air, recently played an essential part in the implementation of the large-scale Omani Oil and Gas project with a smooth and seamless delivery of two gigantic oil well rigs to the capital of Oman.
US natural gas exports to Mexico established a new monthly record in June 2021

AJOT | July 23, 2021 | Energy | International Trade | Commodity

Natural gas pipeline exports from the United States to Mexico surpassed 7 billion cubic feet per day (Bcf/d) on multiple days during June, according to data from Wood Mackenzie. The highest amount of pipeline exports, 7.4 Bcf/d, was sent out on June 17.
Summer US natural gas prices are the highest since 2014

AJOT | July 22, 2021 | Energy

In June, the U.S. natural gas spot price at the Henry Hub averaged $3.26 per million British thermal units (MMBtu), the highest price during any summer month (April–September) since 2014. Prices in July have increased from June, averaging $3.67/MMBtu through the first two weeks of July. Spot prices for July 14 in every one of the more than 175 pricing hubs tracked by Natural Gas Intelligence exceeded $3.00/MMBtu.

Venezuela snubs US sanctions with first oil import this year

Bloomberg | July 22, 2021 | Energy | Logistics

Russia is ready to ban gasoline exports if record prices persist

Bloomberg | July 22, 2021 | Energy | International Trade

U.S., Germany warn Russia in draft Nord Stream 2 accord

Bloomberg | July 20, 2021 | Energy | Conventional

EIA: U.S. crude oil exports reached record levels in 2020 and remain high in 2021

AJOT | July 20, 2021 | Energy | Conventional | By The Numbers

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