Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
| June 23, 2020 | Energy
On June 10, 2020, Excelerate Energy L.P. (Excelerate) took delivery of its tenth floating storage regasification unit (FSRU) the Excelerate Sequoia from Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea. The vessel has a storage capacity of 173,400 cubic meters and is capable of operating as both an FSRU and a fully tradable LNG carrier. In September of last year, Excelerate and Maran Gas Maritime Inc. (MGM) signed a five-year bareboat charter agreement (BBC) for the FSRU. Excelerate will have the option to purchase the Excelerate Sequoia during the five-year BBC.
| June 23, 2020 | Energy
| June 23, 2020 | Energy
Daily natural gas deliveries to U.S. facilities that produce liquefied natural gas (LNG) for export were a record 9.8 billion cubic feet per day (Bcf/d) in late March 2020, but deliveries fell to less than 4.0 Bcf/d in June, according to data by IHS Markit. A mild winter and COVID-19 mitigation efforts have led to declining global natural gas demand and high natural gas storage inventories in Europe and Asia, reducing the need for LNG imports. Historically low natural gas and LNG spot prices in Europe and Asia have affected the economic viability of U.S. LNG exports.
| June 23, 2020 | Energy
| June 22, 2020 | Energy | International Trade
| June 22, 2020 | Energy | Conventional | By The Numbers
The global energy industry downturn at the hands of Covid-19 has not only hurt immediate revenues, but is also affecting national infrastructure and energy policy planning.
| June 22, 2020 | Energy | Conventional | By The Numbers
Petroleum was the largest primary source of energy consumed in the United States in 2019, accounting for 37% of total energy consumed. In 2019, motor gasoline accounted for about 45% of petroleum products consumed in the United States.
| June 19, 2020 | Energy | Conventional
| June 19, 2020 | Energy | Conventional | International Trade
| June 19, 2020 | Energy | Conventional | By The Numbers
U.S. imports of natural gas by pipeline at U.S.-Canada border crossings in the western United States fell to an estimated average of 6.2 billion cubic feet per day (Bcf/d) in April and 6.3 Bcf/d in May 2020, according to Genscape pipeline flow estimates.
| June 18, 2020 | Energy | Conventional
| June 18, 2020 | Energy | Conventional
| June 18, 2020 | Energy
Global demand for oilfield services (OFS), measured in the total value of exploration and production (E&P) company purchases, is set for a massive 25% yearly drop in 2020 as a result of the Covid-19-caused downturn, a Rystad Energy analysis shows.
| June 18, 2020 | Energy
BW LPG, the Isle of Man Ship Registry, Wärtsilä Gas Solutions, MAN Energy Solutions, and DNV GL, the world’s leading classification society, celebrated the first flag acceptance of a conversion to LPG as fuel for a VLGC. With the successful acceptance BW LPG will begin the conversion of 12 vessels to dual fuel LPG engines. The conversions will be the first of a VLGC to run on LPG. After the conversion the vessels will also receive the newly developed DNV GL class notation “GF LPG”.
| June 18, 2020 | Energy
| June 18, 2020 | Energy
| June 18, 2020 | Energy
Coal is one of the main sources of energy in the United States, accounting for 14% of domestic primary energy production in 2019, according to the U.S. Energy Information Administration’s (EIA) Monthly Energy Review. Nearly all of the coal consumed in the United States is produced domestically. Most U.S. coal is consumed by the electric power sector to generate electricity, and some coal is exported. The U.S. coal flow diagram visualizes the flow of U.S. coal energy from supply (production and imports) to disposition (consumption, exports, stock withdrawals, and losses).
| June 17, 2020 | Energy | Conventional | By The Numbers
The U.S. Energy Information Administration’s (EIA) latest Drilling Productivity Report (DPR) was updated on Monday, June 15.
| June 16, 2020 | Energy | Conventional
| June 16, 2020 | Energy | Conventional
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