Energy

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

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U.S. hydrocarbon gas liquids consumption increases as prices, expenditures decrease

AJOT | June 25, 2018 | Energy

Consumption of hydrocarbon gas liquids (HGL) in the United States totaled 928 million barrels in 2016, up about 12% since 2010. During the same time, total U.S. HGL prices fell by 47% and, consequently, expenditures decreased by about 41%. In 2016, total U.S. HGL expenditures were $32 billion, the lowest since 2003.

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World Fuel Services prepares for 2020 with upgrades at Falmouth

AJOT | June 25, 2018 | Energy | Maritime | Bulk

In a bid to meet customer needs beyond 2020 World Fuel Services (WFS) is pleased to announce a recent investment at its current supply location in Falmouth, UK, to upgrade facilities and the introduction of a new supply vessel.

Egypt May Have Issued Last LNG Tender, Paving Way for Exports

Bloomberg | June 23, 2018 | Energy | International Trade

Unfracked Oil Wells Growing as Permian Pipe Scarcity Worsens

Bloomberg | June 21, 2018 | Energy

Libya Oil Exports to Resume at Key Ports as OPEC Meets on Supply

Bloomberg | June 21, 2018 | Energy

Crude Rises as OPEC Counts Down to Crucial Oil-Production Talks

Bloomberg | June 20, 2018 | Energy | International Trade

Shell to sell Draugen and Gjøa interests to OKEA AS

AJOT | June 20, 2018 | Energy

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Crowley adds 40 ISO tanks to meet growing customer demand

AJOT | June 20, 2018 | Energy | Maritime | Liner Shipping

The addition of these tanks brings Crowley’s total equipment fleet to 75 cryogenic ISO tank containers, giving the company the capacity to ship over 20 million gallons of LNG annually to customers via a world-class logistics supply chain.

Ethane production growth led to record U.S. natural gas plant liquids production in 2017

AJOT | June 19, 2018 | Energy

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Adoption of autonomous vehicles could increase U.S. transportation energy consumption

AJOT | June 18, 2018 | Energy | International Trade

Autonomous vehicles are one of the main sources of uncertainty in the future of U.S. transportation energy consumption, as autonomous vehicle technology has the potential to change travel behavior, vehicle design, energy efficiency, and vehicle ownership.

U.S. Oil’s Pricing Allure Risks Being Dulled by China Tariff

Bloomberg | June 18, 2018 | Energy | International Trade

India Is Said to Plan to Sell a Stake in State-Run Coal Miner

Bloomberg | June 18, 2018 | Energy

Oil Slumps Near $64 as OPEC Clash Looms and Trade War Escalates

Bloomberg | June 17, 2018 | Energy | International Trade

Rick Perry Wants to Help Argentina Be More Like Texas

Bloomberg | June 15, 2018 | Energy | International Trade

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EIA expects Brent crude prices will average $71 per barrel in 2018, $68 per barrel in 2019

AJOT | June 15, 2018 | Energy

In the June 2018 update of its Short-Term Energy Outlook (STEO), EIA forecasts Brent crude oil prices will average $71 per barrel (b) in 2018 and $68/b in 2019. The updated 2019 forecast price is $2/b higher than in the May STEO. Brent crude oil spot prices averaged $77/b in May, an increase of $5/b from April and the highest monthly average price since November 2014. West Texas Intermediate (WTI) prices are forecast to average almost $7/b lower than Brent prices in 2018 and $6/b lower in 2019.

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Wind turbine jack-up Sea Installer completes eight-day stopover at Damen Shiprepair Dunkerque

AJOT | June 11, 2018 | Energy | Maritime

Damen Shiprepair Dunkerque (DSDu) has completed an eight-day refurbishment project for the 132-metre DP2, self-propelled, jack-up vessel Sea Installer. Operated by A2SEA, which was purchased in 2017 by DEME’s subsidiary GeoSea, Sea Installer was purpose-built in 2012 for installing the next generation of large wind turbines off the coast of Europe.