Energy

The US oil and gas labor market is amongst the world’s most severely hit by the downturn that the Covid-19 pandemic has brought, a Rystad Energy analysis of the latest data from the US Bureau of Labor Statistics (US BLS) reveals.

The central United States set several wind power records this spring

AJOT Newsroom | June 12, 2020 | Energy | Alternative | By The Numbers

Earlier this year, the Southwest Power Pool (SPP), the regional transmission organization that manages the electric grid for much of the central United States, set records for the highest share of electricity demand supplied by wind power in both a single-hour period (72%) and a full day (62%).

Vietnam Says Exxon Eyes Gas Power Plants In Boost to U.S. Trade

Bloomberg | June 12, 2020 | Energy | Conventional

Vietnam said Exxon Mobil Corp. is considering investments in the nation’s power sector, a move that would support trade with the U.S. and open a potential new frontier for the upstream-focused oil and gas major.

EIA’s liquids pipeline database provides detail on US petroleum infrastructure changes

AJOT Newsroom | June 11, 2020 | Energy

On June 4, the U.S. Energy Information Administration (EIA) updated its Liquids Pipeline Projects Database, which includes a summary of more than 225 liquids pipeline projects in the United States and pipeline projects that cross into Mexico and Canada that are planned, under construction, on hold, or have been completed since 2010.

CN propane supply chain sets new record

AJOT Newsroom | June 11, 2020 | Energy | Intermodal | Rail

CN announced today that three vessels carrying Canadian propane destined for international markets departed from AltaGas’ Ridley Island Propane Export Terminal located in British Columbia beating the previous record by 50%.

Global upstream investments set for 15-year low, falling to $383 billion in 2020

AJOT Newsroom | June 11, 2020 | Energy

Following the publication of the upstream industry’s first quarter results, a Rystad Energy analysis reveals a gloomier investment-budget picture than previously thought. Global spending is now forecasted to reach $383 billion this year, the lowest level in 15 years and a staggering 29% decrease of $156 billion compared to 2019.

EIA expects 2020 summer US electricity demand to be lowest since 2009

AJOT Newsroom | June 10, 2020 | Energy

The U.S. Energy Information Administration (EIA) expects U.S. electricity demand to total 998 billion kilowatthours this summer (June through August), the lowest level of summer electricity consumption in the United States since 2009 and 5% less than last summer.

Tier 1 activity in US LTO set to reach record high share of 47% in 2020

AJOT Newsroom | June 10, 2020 | Energy

Our previous assessment of the remaining Tier 1 or premium inventory in major US liquid basins suggested that capital discipline boosted drilling activity in Tier 1 acreage to record highs in 2019, with another 8 to 16 years of Tier 1 drilling left if operators kept up the pace of 2019. Five months into 2020 and three months into the downturn and the resulting drilling-activity collapse, we see that operators are increasingly focusing on sweet spots.

Natural gas heads for record drop in global demand

Bloomberg | June 10, 2020 | Energy

US plans oil tanker sanctions to cut Iran-Venezuela trade

Bloomberg | June 09, 2020 | Energy

Autonomous drone inspections move step closer after successful test

AJOT Newsroom | June 09, 2020 | Energy

Oil weighed down by surplus of fuels while demand inches back

Bloomberg | June 09, 2020 | Energy

California Hydrogen Business Council announces appointment of Zobel to executive director

AJOT Newsroom | June 09, 2020 | Energy

March saw major declines in US demand for petroleum products

AJOT Newsroom | June 09, 2020 | Energy

As stay-at-home orders and mitigation efforts for the 2019 novel coronavirus disease (COVID-19) took effect and limited travel starting in the second half of March 2020, gasoline and jet fuel demand (as measured by product supplied) fell by near-record amounts, according to data in the U.S. Energy Information Administration’s Petroleum Supply Monthly.

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