Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Oil’s red-hot rally fizzles with virus continuing hold on market
| February 11, 2021 | Energy | Conventional | By The Numbers
With NEOLINE, the Michelin Group’s logistics is on the rise
The path to maturity for floating offshore wind
| February 11, 2021 | Energy | Project / Heavy Lift | Maritime Project
Floating Offshore Wind (FOW) is set to be the next big thing in renewable power. It can unlock huge wind potential in new areas globally, but it will also enable many countries lacking suitable seabed conditions for fixed bottom wind to realize large economic benefits.
Oil pares loss with equity rally despite shaky demand outlook
| February 11, 2021 | Energy
Cold snap gives oil rebound a boost with run for heating
| February 11, 2021 | Energy
Oil edges lower after posting longest run of gains in two years
| February 11, 2021 | Energy
LNG carrier named GAIL BHUWAN for GAIL (India) Limited
| February 10, 2021 | Energy
Northeast distillate inventories have declined but remain above normal
| February 10, 2021 | Energy
In late June 2020, weekly distillate inventories in the Northeast United States reached 52.3 million barrels, the largest inventory since late November 2016. Since then, Northeast distillate inventories have declined to 43.7 million barrels as of the week ending January 29. Although inventories declined overall, they were still 10% higher than the previous five-year (2016–20) average for that time of year, according to data in the U.S. Energy Information Administration’s (EIA) Weekly Petroleum Status Report. About 80% of the U.S. homes that use distillate fuel as their main heating fuel are in the Northeast.
Qatar’s attempt to reclaim the LNG throne will make Middle East 2021’s global sanctioning epicenter
| February 10, 2021 | Energy
Qatar’s move to sanction the $30 billion North Field Expansion project puts the country on track to return as the world’s largest LNG producer by 2030, a Rystad Energy report shows, based on operational and so far sanctioned projects. Qatar’s liquefaction capacity will rise to 110 million tonnes per annum (tpa), or 18% of the global total, which is for now estimated at 600 million tpa at the end of the decade. Still, more projects are expected to be sanctioned as LNG demand will grow faster than supply.
It’s raining solar panels in the UAE: Renewable capacity set to increase fourfold to 9 GW by end-2025
| February 09, 2021 | Energy
The installed renewable capacity of the United Arab Emirates, which until recently was nearly non-existent, concluded 2020 at 2.3 gigawatts (GW), around 91% of which comprises of solar PV projects, a Rystad Energy analysis shows. Solar PV additions are going to pile up, especially from 2022, and drive the country’s total renewable capacity to an impressive 9 GW by the end of 2025.
Jumbo shines as Tier I contractor during Yunlin transport scope
| February 09, 2021 | Energy | Project / Heavy Lift | Maritime Project
Heating and petrochemical demand in Asia contribute to more U.S. propane exports
| February 09, 2021 | Energy
U.S. exports of propane have been increasing in recent months, primarily to countries in East Asia, as a result of cold weather and robust petrochemical feedstock consumption that drive demand in that region. Between April 2020 and November 2020 (the most recent monthly data in the U.S. Energy Information Administration’s (EIA) Petroleum Supply Monthly), approximately 58% of all U.S. propane exports went to markets in Asia. Nearly half of all U.S. propane exports in those months were shipped to three countries: Japan, China, and South Korea.
Australasia in review: FID-rich 2021 to follow 2020’s oil output surprise, renewables to set records
| February 09, 2021 | Energy
Even though 2020 was the year oil and gas producers reduced output to balance the pandemic-hit demand, Australasia’s production did not only stay resilient, but it also rose a little, a Rystad Energy report reveals. We estimate combined petroleum output across all products was 1.210 billion barrels of oil equivalent last year, little changed from 1.208 billion boe in 2019.
British Airways plans 2022 test with US sustainable-fuel maker
| February 09, 2021 | Air Cargo | Airlines | Energy
North Sea oil sellers quash one pocket of market strength
| February 09, 2021 | Energy
The ‘Tesla of the Seas’ – pioneering British company, Windship Technology unveils first true zero emission ship design
| February 08, 2021 | Energy | Maritime | Technology
Windship Technology, a British company with a whole-ship solution to tackle the CO2 emissions of the shipping industry, today unveils its designs and announces an investment partnership with one of the world’s leading classification agencies.
EIA projects renewables share of U.S. electricity generation mix will double
| February 08, 2021 | Energy
In its Annual Energy Outlook 2021 (AEO2021), the U.S. Energy Information Administration (EIA) projects that the share of renewables in the U.S. electricity generation mix will increase from 21% in 2020 to 42% in 2050. Wind and solar generation are responsible for most of that growth.
KLM makes first regular flight with sustainable synthetic fuel
| February 08, 2021 | Air Cargo | Technology | Energy
Air France-KLM’s Dutch arm operated a passenger flight from Amsterdam to Madrid that the carrier says was the first in the world to use sustainably derived synthetic aviation fuel.
Tanker quits Libya port without oil as strikers halt loading
| February 08, 2021 | Energy
EIA projects renewables share of U.S. electricity generation mix will double by 2050
| February 08, 2021 | Energy | Conventional | By The Numbers
In its Annual Energy Outlook 2021 (AEO2021), the U.S. Energy Information Administration (EIA) projects that the share of renewables in the U.S. electricity generation mix will increase from 21% in 2020 to 42% in 2050.
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