Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
AET Tankers and Shell enter into time charter arrangements for two LNG fuelled Aframax tankers
| April 13, 2018 | Energy | Maritime | Bulk
In London, AET Inc. Limited and Shell International Trading and Shipping Company Limited formalised arrangements for the long-term charter of AET's two newbuild LNG dual-fuelled Aframax tankers.
Summer gasoline prices expected to be highest in four years
| April 12, 2018 | Energy
EIA projects that monthly average gasoline prices will reach a peak of $2.79/gal in May before falling to $2.65/gal in September. Gasoline prices are often higher in summer months when gasoline demand is higher. In these months, federal and state environmental regulations require the use of summer-grade gasoline, which is more expensive to manufacture. For all of 2018, EIA forecasts U.S. regular gasoline prices to average $2.64/gal.
U.S. Gulf of Mexico crude oil production to continue at record highs through 2019
| April 11, 2018 | Energy
U.S. crude oil production in the Federal Gulf of Mexico (GOM) increased slightly in 2017, reaching 1.65 million b/d, the highest annual level on record. Although briefly hindered by platform outages and pipeline issues in December 2017, oil production in the GOM is expected to continue increasing in 2018 and 2019, based on forecasts in the EIA’s latest Short-Term Energy Outlook (STEO). EIA expects the GOM to account for 16% of total U.S. crude oil production in each year.
Trans Mountain or No, Alberta Has Some Oil Shipping Alternatives
| April 10, 2018 | Energy | Intermodal | Rail
By some measures, U.S. natural gas production set a record in 2017
| April 10, 2018 | Energy
Two out of three of EIA’s measures of natural gas production in the United States set records in 2017. U.S. natural gas production measured as gross withdrawals reached 90.9 billion cubic feet per day (Bcf/d) in 2017, the highest volume on record according to EIA’s Monthly Crude Oil, Lease Condensate, and Natural Gas Production Report.
About 7% of fossil fuels are consumed for non-combustion use in the United States
| April 06, 2018 | Energy
While most fossil fuels in the United States are burned, or combusted, to produce heat and power, EIA estimates that the equivalent of about 5.5 quadrillion British thermal units of fossil fuels were consumed for non-combustion purposes in the United States in 2017. Over the past decade, non-combustion consumption of fossil fuels has typically accounted for about 7% of total fossil fuel consumption and about 6% of total energy consumption in the United States.
Oil Finds Relief in Surprise U.S. Stockpile Draw and Trade Hopes
| April 05, 2018 | Energy | International Trade
Kenya Pipeline Plans Cooking-Gas Plants Worth $125 Million
| April 04, 2018 | Energy | International Trade
Veolia Turning Poultry Poop and Scrap Wood Into Electricity
| April 03, 2018 | Energy | Alternative
A Veolia Environnement SA unit agreed to operate and maintain three power plants in the U.S. Southeast that will generate electricity from burning wood waste and chicken poop.
Oil Holds Biggest Loss in Almost Two Months on Trade War Fears
| April 02, 2018 | Energy | International Trade
Natural gas storage design capacity increased slightly in 2017
| April 02, 2018 | Energy
Over the past four years, relatively little new underground natural gas storage capacity was built in the Lower 48 states. EIA measures natural gas storage capacity in two ways: design capacity and demonstrated maximum working gas volume (or demonstrated peak). In 2017, design capacity grew by about 1%, and demonstrated peak fell by 1%.
EIA projects that U.S. coal demand will remain flat for several decades
| March 30, 2018 | Energy | International Trade
EIA projects U.S. coal disposition—domestic demand and coal exports—to remain relatively flat through 2050 in the Annual Energy Outlook 2018 (AEO2018) Reference case, even as many coal-fired power plants are retired. Coal disposition for the next three decades averages 750 million short tons per year (MMst), down from the peak of nearly 1.2 million tons in 2008.
Woolpert Hires Eric Dillinger as Vice President and Managing Director of Strategic Consulting
| March 30, 2018 | Energy | International Trade
WinGD X-DF dual-fuel demonstrator burns NG-VOC mix in gaseous fuel mode
| March 29, 2018 | Energy | Maritime
WinGD and Wärtsilä Gas Systems have successfully tested a NG-VOC (Natural Gas - Volatile Organic Compounds) fuel mix for the WinGD X-DF engine, selected to power two 125 000 dwt Shuttle Tankers for AET.
Crowley loads first LNG into ISO tank container at Eagle LNG Partners’ new plant
| March 29, 2018 | Energy | Maritime
Crowley Maritime Corporation’s LNG group has successfully executed the first loading of nearly 11,000 gallons of liquefied natural gas (LNG) into an ISO tank container at the new Eagle LNG Partners liquefaction facility located near Jacksonville, Fla.
Adani Is Said to Delay Australia Coal Shipment, Eyes Deals
| March 28, 2018 | Energy | International Trade
U.S. net energy imports in 2017 fall to their lowest levels since 1982
| March 28, 2018 | Energy | International Trade
Total net energy imports to the United States fell to 7.3 quadrillion British thermal units (quads) in 2017, a 35% decrease from 2016 and the lowest level since 1982, when both gross imports and gross exports were much lower.
We All Love Wind Power, Unless You Want to Make Money: Gadfly
| March 28, 2018 | Energy | Alternative
U.S. liquefied natural gas exports quadrupled in 2017
| March 27, 2018 | Energy | International Trade
U.S. exports of liquefied natural gas (LNG) reached 1.94 billion cubic feet per day (Bcf/d) in 2017, up from 0.5 Bcf/d in 2016. As LNG exports increased, shipments went to more destinations. U.S. LNG exports in 2017, all of which originated from Louisiana’s Sabine Pass liquefaction terminal, reached 25 countries.
Oil Holds Above $65 as Easing Trade Tensions Offset Supply Fears
| March 27, 2018 | Energy | International Trade
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