Energy

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


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Excelerate Energy takes delivery of its tenth FSRU, Excelerate Sequoia

AJOT | 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. 

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US liquefied natural gas exports have declined by more than half so far in 2020

AJOT | 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.

Oil recovers losses after Trump says China trade deal still on

Bloomberg | June 22, 2020 | Energy | International Trade

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How Covid-19 benefits coal: The case study of Vietnam

AJOT | 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.

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Motor gasoline accounted for almost half of U.S. petroleum consumption in 2019

AJOT | 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.

Oil Resumes Weekly Winning Streak on Gradual Demand Recovery

Bloomberg | June 19, 2020 | Energy | Conventional

Oil Cracks $40, Grinding Out a Gradual Rally on Pickup in Demand

Bloomberg | June 19, 2020 | Energy | Conventional | International Trade

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Higher Western Canada spot prices limit U.S. natural gas imports from Canada

AJOT | 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.

Oil Set to Resume Weekly Gains With Demand Recovery on Track

Bloomberg | June 18, 2020 | Energy | Conventional

U.S. Slaps Sanctions on Mexican Companies Helping Venezuelan Oil

Bloomberg | June 18, 2020 | Energy | Conventional

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Global OFS demand is set for a 25% decline in 2020. Here is how the recovery will unfold

AJOT | 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.

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Milestone for first LPG conversion with Isle of Man design acceptance

AJOT | 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”.

Comment on OPEC+ meeting from Rystad Energy

AJOT | June 18, 2020 | Energy

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Almost all US coal production is consumed for electric power

AJOT | 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).

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U.S. natural gas production efficiency continued to improve in 2019

AJOT | 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.

Venezuela Oil from U.S.-Sanctioned Regime Lines Up Off China

Bloomberg | June 16, 2020 | Energy | Conventional

Saudi Oil Exports to U.S. Plunge Toward Lowest Level in 35 Years

Bloomberg | June 16, 2020 | Energy | Conventional

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