Energy

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

Another U.S. Solar Company Seeks Exemption From Trump’s Tariff

Bloomberg | February 28, 2018 | Energy | Alternative | International Trade

Port of Vancouver USA, Vancouver Energy agree to end lease a month early on Feb. 28

AJOT | February 28, 2018 | Energy | Ports & Terminals | Ports

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Natural gas power plants purchase fuel using different types of contracts

AJOT | February 27, 2018 | Energy

Most natural gas-fired power plants in the continental United States fulfill all of their fuel requirements through firm contracts that obligate the natural gas producer and the pipeline operator to send the natural gas to the power plant when requested. These power plants reported receiving 71% of the natural gas purchased by power plants in 2016.

MOL and MINVR sign a MoU

AJOT | February 27, 2018 | Energy | Maritime | Bulk

Make Room OPEC, the U.K. Is Set to Become Net Crude Oil Exporter

Bloomberg | February 26, 2018 | Energy | International Trade

Libya Oil Field’s Halt Disrupts Crude Exports From Key Port

Bloomberg | February 26, 2018 | Energy | Ports & Terminals | Terminals

Billionaire Miner, Japanese Plan Australia LNG Import Plant

Bloomberg | February 26, 2018 | Energy | International Trade

Top Oil Buyer’s Imports Seen Constrained by Tax Revamp Fear

Bloomberg | February 26, 2018 | Energy | International Trade

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China becomes world’s second largest LNG importer, behind Japan

AJOT | February 23, 2018 | Energy | International Trade

China surpassed South Korea to become the world’s second-largest importer of liquefied natural gas (LNG) in 2017, according to data from IHS Markit and official Chinese government statistics.

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28,580mtdw Double Hull Ocean Tank Barge Sold

AJOT | February 23, 2018 | Energy | Maritime | Bulk

After completion of a long-term contract, Marcon International, Inc. of Coupeville, Washington sold a 28,580mtdw double hull ocean tank barge to private interests in South America.

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Tight oil remains the leading source of future U.S. crude oil production

AJOT | February 22, 2018 | Energy | International Trade

EIA’s recently released Annual Energy Outlook 2018 (AEO2018) Reference case projects that U.S. tight oil production will generally increase through the early 2040s, when it will surpass 8.2 million barrels per day (b/d) and account for nearly 70% of total U.S. production.

U.S. Oil Boom Tempts Saudis to Consider Exporting American Crude

Energy

Bloomberg | Top Story | February 22, 2018

U.S. Oil Boom Tempts Saudis to Consider Exporting American Crude

The kingdom’s state oil firm considered the possibility of sending American crude to Asia in February via a U.S. unit before determining it wasn’t economically viable, according to a person with knowledge of the matter.

Adani May Sell Stake in Carmichael Coal Mine Amid Funding Delay

Bloomberg | February 21, 2018 | Energy

Siberian Chill Lifts Gas Enough to Revive LNG Trade in Europe

Bloomberg | February 21, 2018 | Energy | International Trade

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SCF Group and Shell pioneer adoption of cleaner-burning LNG as a primary fuel for Aframax tankers

AJOT | February 21, 2018 | Energy | Maritime | Bulk

SCF Group has today signed time-charter agreements with Shell for two dual-fuelled Aframax tankers, which mark a historic turning point that set new environmental standards for the global tanker industry.

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U.S. ethane consumption, exports to increase as new petrochemical plants come online

AJOT | February 20, 2018 | Energy

Over the next two years, EIA’s Short-Term Energy Outlook (STEO) projects growth in U.S. consumption of ethane in the petrochemical industry will exceed increases in consumption of all other petroleum and liquid products—such as motor gasoline, distillate, and jet fuel—combined. EIA also projects that ethane exports will continue increasing, as ethane is exported both by pipeline to Canada and by tankers to more distant destinations.