Energy

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

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.

Egypt’s Potential Gas Surplus Could Feed Global LNG Glut

Bloomberg | February 20, 2018 | Energy | International Trade

U.S. Oil’s Costly Again as It’s Stored Less and Shipped More

Bloomberg | February 20, 2018 | Energy | International Trade

India’s Coal Imports Seen Rising as Domestic Output Lags Demand

U.S. Oil Exports Go Up a Gear as Supertanker Sets Sail for China

How low will retail go? Look at the railroad

Bloomberg | February 16, 2018 | Energy | Intermodal | Rail

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U.S. proved reserves of natural gas up in 2016, oil reserves remained unchanged

AJOT | February 15, 2018 | Energy

The United States had 341.1 trillion cubic feet (Tcf) of natural gas proved reserves as of the end of 2016, an increase of 5% from 2015, according to EIA’s recently released U.S. Crude Oil and Natural Gas Proved Reserves report. U.S. crude oil and lease condensate proved reserves remained virtually unchanged from their 2015 level, at 35.2 billion barrels.