Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
EPA to curb production, imports of potent greenhouse gas
| May 03, 2021 | Energy | Conventional
Six Citgo executives held in Venezuela released to house arrest
| April 30, 2021 | Energy | Conventional
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen:
| April 30, 2021 | Energy | Conventional | By The Numbers
ExxonMobil earns $2.7 billion in First Quarter 2021
| April 30, 2021 | Energy | Conventional | By The Numbers
Chinese solar firm plans tours to rebut forced labor claims
| April 30, 2021 | Energy | Alternative
An expenditure splash of $810 billion is expected for the offshore wind industry this decade
| April 29, 2021 | Energy
The offshore wind industry’s global installed capacity is set to exceed 250 gigawatts (GW) by 2030, driven by a surge in coming projects, a Rystad Energy report shows. The combined capital and operational expenditure for the decade is set to add up to an eye-popping $810 billion, signaling an increasing shift of investments from oil and gas to renewable energy technologies.
Cars make a Covid comeback, and that means burning more oil
| April 29, 2021 | Energy
Asia’s no. 2 fuel guzzler eyes more exports as Covid hits demand
| April 29, 2021 | Energy
NextEra plans to harness landfill gas to make renewable fuel
| April 28, 2021 | Energy
India’s Covid-19 nightmare set to balloon global oil liquids supply glut to over 1.4 million bpd
| April 28, 2021 | Energy
The steep rise of Covid-19 infections in India and the continuously worsening situation in the country has prompted Rystad Energy to significantly downgrade its short-term global liquids demand estimate. India’s struggle will slash an extra 575,000 barrels per day (bpd) of oil liquids demand in April and 915,000 bpd in May 2021, disturbing the almost-balanced global oil market and building a sizeable glut.
Oil production in Alaska reaches lowest level in more than 40 years
| April 28, 2021 | Energy
Crude oil production in Alaska averaged 448,000 barrels per day (b/d) in 2020, the lowest level of production since 1976. Last year's production was over 75% less than the state’s peak production of more than 2 million b/d in 1988. Production declined in 28 of the 32 years since Alaska’s oil production peak as the state’s oil fields have matured. The 4% decrease in annual oil production in Alaska in 2020 was part of a larger decline in U.S. oil production.
ExxonMobil announces discovery at Uaru-2 offshore Guyana
| April 27, 2021 | Energy
US energy imports declined in 2020, while exports remained largely unchanged
| April 27, 2021 | Energy
Energy exports from the United States exceeded imports by 3.4 quadrillion British thermal units (quads) in 2020, the largest margin on record, according to EIA’s Monthly Energy Review. U.S. energy exports totaled 23.4 quads, nearly equaling the record high set in 2019, and energy imports fell 13% to 20.0 quads, the lowest level since 1992. The United States exported more energy than it imported for the second consecutive year.
Ørsted and Enefit form partnership to deliver large-scale offshore wind in the Baltics
| April 26, 2021 | Energy | Project / Heavy Lift | Maritime Project
Ørsted and Enefit have today signed a memorandum of understanding (MoU) which outlines a vision for becoming the leading offshore wind developer in the Baltic countries.
Ørsted signs power purchase agreement with Merck
| April 26, 2021 | Energy
Merck enters into an agreement to purchase energy from the Armadillo Solar Center in Navarro County, Texas. With the PPA, Ørsted is extending its industrial customer base to the pharmaceutical industry. The Center is expected to be operational by early 2023.
Rystad Energy’s daily market comment from our Vice President Oil Markets Paola Rodriguez-Masiu
| April 23, 2021 | Energy | Conventional | By The Numbers
Oil demand to buckle in India as Covid surge wreaks havoc
| April 23, 2021 | Energy | Conventional
Engen converting South Africa’s oldest refinery to terminal
| April 23, 2021 | Energy | Conventional | Ports & Terminals | Terminals
SoCalGas announces plans to convert 200 new field service trucks to run on renewable natural gas
| April 22, 2021 | Energy | Intermodal | Trucking
A gas boom is coming in the US; A closer look at Haynesville and Appalachia reveals records and a risk
| April 22, 2021 | Energy
Natural gas production in the US is set to grow to a new record in 2022, at 93.3 billion cubic feet per day (Bcfd) and will continue to rise further, exceeding 100 Bcfd in 2024, a Rystad Energy analysis shows. As a result, the performance of the country’s key gas basins is going to attract increased interest from investors and markets, with CO2 emissions intensity, capital efficiency and potential bottlenecks drawing close scrutiny.
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