Energy

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

Oil slips with global virus risks clouding a demand rebound

Bloomberg | January 28, 2021 | Energy | Conventional

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A major(s) rating! Total outperformed peers in 2020, a year of cost reductions and poor discoveries

AJOT | January 28, 2021 | Energy

Despite the devastating downturn of 2020, most global majors held up quite well during the market turmoil, a Rystad Energy comparative analysis reveals after measuring key upstream performance metrics. Total outshined all other peers, as the French company not only exceled in financial and operational performance, but also was the only major to replace all of the year’s produced resources.

US tries to seize oil shipment it says is from Iran

Bloomberg | January 28, 2021 | Energy

Buffett-backed truck stop to buy ethanol plant as recovery eyed

Bloomberg | January 28, 2021 | Energy | Intermodal | Trucking

China’s binge on Iranian oil in focus following tanker seizures

Bloomberg | January 28, 2021 | Energy

Chevron, Reliance meet with US officials to discuss Venezuela

Bloomberg | January 27, 2021 | Energy

Oil and gas seals demand to decelerate in 2021, only to post a recovery in 2022: new study

AJOT | January 27, 2021 | Energy

Damen launches FCS 7011

AJOT | January 27, 2021 | Energy

On 21th January, Damen Shipyards Group’s revolutionary Fast Crew Supplier (FCS) 7011 was launched into the water at Damen Shipyards Antalya, Turkey. The vessel, hailed as a quantum leap forward in marine access solutions, is the result of close market consultation. To meet the needs of an offshore industry faced with consistently low oil prices, Damen has developed the FCS 7011 as a cost-effective crew transportation alternative boasting robust safety characteristics.

Oil firms fear Nigerian plan may deter offshore investment

Bloomberg | January 27, 2021 | Energy

Oil dips with near-term demand concerns holding back rally

Bloomberg | January 26, 2021 | Energy

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After 2020 decline, EIA expects energy-related CO2 emissions to increase in 2021 and 2022

AJOT | January 26, 2021 | Energy

In its January 2021 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) expects that energy-related carbon dioxide (CO2) emissions in the United States will increase in 2021. Economic growth and the lessening of pandemic-related restrictions result in more energy consumption and associated CO2 emissions. EIA expects total energy-related CO2 emissions to increase to 4.8 billion metric tons in 2021 and 4.9 billion metric tons in 2022.

Al Khaldi and Bertling Logistics join forces in Saudi Arabia to offer end-to-end logistics solutions

AJOT | January 26, 2021 | Energy | Project / Heavy Lift | Maritime Project

Oil wavers with concerns lingering over China consumption

Bloomberg | January 26, 2021 | Energy

US tries to seize oil shipment it says came from Iran

Bloomberg | January 26, 2021 | Energy

China’s oil demand at risk as millions scrap New Year travel

Bloomberg | January 26, 2021 | Energy

Oil rises with tighter supply outook overshadowing vaccine woes

Bloomberg | January 25, 2021 | Energy

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After the costliest Chapter 11 year in history, 2021 bankruptcy numbers will normalize if WTI keeps up

AJOT | January 25, 2021 | Energy

The combined debt of North American E&P and oilfield service companies that filed for Chapter 11 bankruptcy protection last year jumped to $102 billion, surpassing the $100 billion mark for the first time, a Rystad Energy analysis of Haynes and Boone data shows.

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Diesel sales up 28% in 2020 boosting truck segment fuel economy

AJOT | January 25, 2021 | Energy

Sales of pickup trucks and sport utility vehicles (SUVs) with diesel engines grew 28 percent during 2020, even as overall auto sales declined by over 14 percent for the year. Among alternative fueled vehicle offerings, vehicles with diesel engines held 5 of the top 10 rankings for fastest growing sales (2019-2020), according to the Diesel Technology Forum, based on data and analysis provided by Alan Baum and Associates.