Energy

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

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.

Australia Grabs Gasoline From 14,500 Miles Away in Rare Trade

MISC Group financial results for the year ended 31 December 2017

AJOT | February 13, 2018 | Energy | Maritime | Bulk

Petrogress announces expansion of operations into Nigeria

AJOT | February 13, 2018 | Energy

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Electricity prices are highest in Hawaii but expenditures are highest in South Carolina

AJOT | February 13, 2018 | Energy | International Trade

Hawaii has the highest residential electricity prices in the United States, averaging 27.5 cents per kilowatthour (kWh) in 2016—more than twice the national average.

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Crowley, Pivotal Reach New Multi-Year LNG Supply Contract

AJOT | February 13, 2018 | Energy | Maritime | Liner Shipping

Crowley Fuels announced today that it has signed another multi-year supply contract with Pivotal LNG to support a major pharmaceutical company’s energy needs in Puerto Rico. The contract, executed through Crowley subsidiary Carib Energy (USA) LLC, calls for Crowley to transport LNG from Pivotal facilities on the mainland to the island manufacturer.

U.S. Supertanker Terminal Set to Export Oil for First Time

Bloomberg | February 13, 2018 | Energy | Ports & Terminals | Terminals

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Jack-up vessel Seafox 5 departs Damen Verolme Rotterdam ready for the next generation of wind turbines

AJOT | February 13, 2018 | Energy | Alternative | Project / Heavy Lift

Seafox 5 is now equipped to undertake offshore wind projects involving the next generation of larger wind turbines in water depths of up to 65 metres.

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The United States is projected to become a net energy exporter in most AEO2018 cases

AJOT | February 12, 2018 | Energy | International Trade

EIA projects that the United States will become a net energy exporter in 2022 in the newly released Annual Energy Outlook 2018 (AEO2018) Reference case, primarily driven by changes in petroleum and natural gas markets.

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Hempel rolls out versatile and fast-drying cargo tank coating for the offshore oil & gas industry

AJOT | February 12, 2018 | Energy | Maritime | Bulk

World-leading coating manufacturer Hempel launches its high performance, chemical resistant, two component epoxy coating – Hempadur 15600 – to the offshore industry.

Cheap Solar Energy Makes a Big Bet in Nevada: Nathaniel Bullard

Bloomberg | February 09, 2018 | Energy | Alternative | Intermodal

GAC Russia seals Yamal LNG ship agency deal

AJOT | February 09, 2018 | Energy | Maritime | Bulk

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Rick Meidel Joins Crowley Fuels as VP and General Manager in Alaska

Crowley Fuels announced today that Rick Meidel has joined the company as vice president and general manager, responsible for the performance and day-to-day operations of Crowley’s Alaska division. He will be based in Anchorage and report to Rocky Smith, senior vice president and general manager.

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Future U.S. electricity generation mix will depend largely on natural gas prices

AJOT | February 07, 2018 | Energy

The mix of fuels used to generate electricity in the United States has changed in response to differences in the relative costs of electricity-generating technologies and, for those technologies that consume fuel, the cost of fuel.

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China surpassed the United States as the world’s largest crude oil importer in 2017

AJOT | February 05, 2018 | Energy | International Trade

China surpassed the United States in annual gross crude oil imports in 2017, importing 8.4 million barrels per day (b/d) compared with 7.9 million b/d for the United States.

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California plans to reduce greenhouse gas emissions 40% by 2030

AJOT | February 02, 2018 | Energy | International Trade

In July 2017, California’s state legislature passed assembly bill (AB) 398 to reauthorize and extend until 2030 the state’s economy-wide greenhouse gas (GHG) reduction program. The bill sets a new GHG target of at least 40% below the 1990 level of emissions by 2030. As of 2015, about 86% of California’s GHG emissions were related to the consumption of energy.