Energy

Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.


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Major utilities’ spending on the electric distribution system continues to increase

AJOT | May 27, 2021 | Energy

Annual spending on electricity distribution systems by major U.S. utilities continues to increase.

Biden administration announcement will speed offshore wind in California & new wind port
Energy
Stas Margaronis | Top Story | May 27, 2021

AJOT Insights
Biden administration announcement will speed offshore wind in California & new wind port

The Biden Administration announced that the U.S. Departments of Interior and Defense have reached agreement on California sea-space and other issues, clearing the way to move ahead with development of the state’s multi-gigawatt (GW) offshore wind power potential on its Central and North coasts.
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EIA lowers its forecast of India’s oil demand because of rising COVID-19 cases

AJOT | May 26, 2021 | Energy

The rapid increase in COVID-19 cases in India has led to various travel restrictions, which reduced consumption of transportation fuels such as gasoline and diesel. As a result, we revised down our forecast for petroleum consumption in India in the May Short-Term Energy Outlook (STEO). We estimate that petroleum consumption in India declined by 0.4 million barrels per day (b/d) (8%) to 4.7 million b/d between March and April.

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Strengthening US crude markets put export cargoes in doubt

Bloomberg | May 26, 2021 | Energy

The U.S. oil market is showing clear signs of tightening on the back of strengthening demand, raising a question about whether the nation’s booming crude exports could slow.

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Hendrik Veder Group helps Saipem with offshore project in Baltic Sea

AJOT | May 25, 2021 | Energy | Project / Heavy Lift | Maritime Project

Saipem, a service provider in the oil and gas industry, has been commissioned with an offshore project in the Baltic Sea.

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EIA expects more electricity consumption this summer as economy recovers from pandemic

AJOT | May 25, 2021 | Energy

Our Summer 2021 Electricity Industry Outlook, a supplement of the Short-Term Energy Outlook, projects 1.5% more U.S. retail sales of electricity this summer than last summer. Much of the growth we expect will occur in the commercial and industrial sectors, reflecting an improving economy following the pandemic-related downturn in 2020.

Green hydrogen seen fueling heavy trucks by 2030

Bloomberg | May 25, 2021 | Energy | Intermodal | Trucking

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DNV awards AiP to Keppel Offshore & Marine for its digital asset lifecycle solution

AJOT | May 24, 2021 | Energy

Leading classification society DNV has awarded an Approval in Principle (AiP) to Singapore-based Keppel Offshore & Marine (Keppel O&M) for its proprietary AssetCare system, a suite of digital services to support an asset’s lifecycle needs.

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US natural gas generation in 2021 sees its first year-over-year decline in three years

AJOT | May 24, 2021 | Energy

In the first four months of 2021, natural gas-fired generation in the Lower 48 states averaged 3,394 gigawatthours (GWh) per day, a nearly 7% decrease from the same period in 2020, according to data from our Hourly Electric Grid Monitor. The decline in natural gas generation during the first four months of this year is the result of higher natural gas prices and increased competition from renewables, and it is the first year-over-year decline since 2017. Overall, U.S. electricity generation during the period increased 6.6% compared with 2020 because of colder winter weather.

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US ethane production to grow, along with expanding domestic consumption and exports

AJOT | May 21, 2021 | Energy

U.S. production of ethane, a hydrocarbon gas liquid (HGL) produced primarily in natural gas processing plants, has grown rapidly since 2013. Production has nearly doubled from 0.95 million barrels per day (b/d) in the first quarter of 2013 to 1.85 million b/d in the first quarter of 2021. In our Short-Term Energy Outlook, we forecast ethane production to continue to grow in response to a growing U.S. petrochemical industry and rising ethane exports to petrochemical plants around the world, reaching 2.6 million b/d by the fourth quarter of 2022.

China to tax dirty oil flows from next month

Bloomberg | May 20, 2021 | Energy

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Mexico open to working with US, Canada on energy law concerns

Bloomberg | May 20, 2021 | Energy

Mexican Economy Minister Tatiana Clouthier said her government is willing to work with the U.S. and Canada on their concerns over Mexico’s efforts to bolster its state electricity company at the expense of private firms.

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‘Green funnel’ project celebrates milestone 150th LNG fueling

AJOT | May 20, 2021 | Energy

Recently, Sovcomflot (SCF Group) and Shell performed a landmark 150th marine LNG fuelling operation for SCF’s ‘Green Funnel’ Aframax tankers. Since operations began in 2018, SCF’s ‘Green Funnel’ Aframaxes have taken over 62,000 tonnes of marine LNG fuel from Shell and all 150 operations were performed safely without incident, injury or loss of fuel.

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