Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
Loop Energy appoints George Rubin as CCO
| January 19, 2021 | Energy | Alternative | People | Appointments
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
| January 19, 2021 | Energy | Conventional | By The Numbers
Adani to Raise $2.5 Billion From Green Deal With Total
| January 18, 2021 | Energy | Alternative | International Trade | Ports & Terminals
The UK offers operators best profit conditions to develop big offshore fields; Kuwait, Canada follow
| January 18, 2021 | Energy | Conventional | By The Numbers
This year marks the beginning of a recovery after a disappointing 2020, when the Covid-19 pandemic caused sanctioning of offshore projects to dip to $44 billion from $99 billion the year before. Rystad Energy projects offshore sanctioning to rebound to at least $56 billion in 2021 and keep rising to as high as $131 billion in 2023.
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen:
| January 18, 2021 | Energy | Conventional | By The Numbers
SPDC completes sale of interest in Oil Mining Lease 17 in Nigeria
| January 15, 2021 | Energy | Conventional
Hong Kong innovation takes center stage at CES 2021
| January 15, 2021 | Energy
More Than 22 of Hong Kong’s Hottest Startups Will Showcase New Solutions and Technological Breakthroughs at This Year’s Virtual Exhibition
The dynamism of the Asian market and the rise in fuel prices increase freight rates in Valenciaport
| January 15, 2021 | Energy | Conventional | By The Numbers
The Valencia Containerised Freight Index (VCFI) of December experienced a growth of 4.19% with respect to the previous month, confirming the trend of the last five months of the year of increased freight rates.
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
| January 15, 2021 | Energy | Conventional | By The Numbers
US oil and natural gas production to fall in 2021, then rise in 2022
| January 14, 2021 | Energy
In its January 2020 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that annual U.S. crude oil production will average 11.1 million b/d in 2021, down 0.2 million b/d from 2020 as result of a decline in drilling activity related to low oil prices. A production decline in 2021 would mark the second consecutive year of production declines. Responses to the COVID-19 pandemic led to supply and demand disruptions. EIA expects crude oil production to increase in 2022 by 0.4 million b/d because of increased drilling as prices remain at or near $50 per barrel (b).
Diesel Forward® expands traditional fuel system components offering
| January 14, 2021 | Energy
High commodity demand, a tailwind for dry bulk shipping stocks
| January 14, 2021 | Energy | Maritime | Bulk
The share of gas flared in the Permian has fallen to its lowest level of the Shale era
| January 14, 2021 | Energy
The share of gross gas output that is flared at the wellhead in the US’ prolific Permian Basin has plummeted to a modern Shale-era record low, a Rystad Energy report shows, with an analysis of preliminary data suggesting only 1.6% of the basin’s gas production was flared in the fourth quarter of 2020.
Iran’s arrest of a South Korean tanker is “complicated”
South Korea seeks Qatari help to release tanker seized by Iran
| January 14, 2021 | Energy
US diesel stockpiles swell as global fuel demand falters
| January 13, 2021 | Energy
EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022
| January 13, 2021 | Energy
In its January 2021 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that the annual natural gas spot price at the Henry Hub will rise 0.98¢ per million British thermal units (MMBtu) to average $3.01/MMBtu in 2021.
LNG cargo prices rising faster than bitcoin
CTI completes Maritec integration
| January 13, 2021 | Energy
Gas year 2020 review: Global gas production exceeded demand, US led liquefaction capacity race
| January 11, 2021 | Energy
2020 was a year that hurt demand for all fuels, and natural gas was no exception. As the year concluded, Rystad Energy has analyzed all of the year’s gas-related activity and produced a thorough report, offering some easily digestible key figures and some long-term outlook on the future of the industry. Here is a selection of our high-level key findings:
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