It’s not just BP Plc and Royal Dutch Shell Plc that are having to prepare for a world that’s less hungry for oil and gas. The world’s biggest independent oil storage company Royal Vopak NV is partnering with battery startup Elestor BV to develop a battery that they think could …
Read More »Baker Hughes Rig Counts Show USA Dip and Canada Surge
Baker Hughes Co. on Friday reported the total number of rotary drilling rigs operating in the United States ended the week at 456, representing a one-unit decline from a week ago. The most recent U.S. rig count reflects no change in the number of oil (359) and a one-unit drop …
Read More »Denmark, Norway, & US Spearhead Zero-Emission Shipping Mission
The governments of Denmark, Norway, and the United States, along with the Global Maritime Forum and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, will lead a new Zero-Emission Shipping Mission as part of Mission Innovation. The mission aims to accelerate international public-private collaboration to scale and deploy new …
Read More »The Most Attractive Renewable Energy Market
When it comes to the global shift to low-carbon energy sources, Europe has traditionally been viewed as the world leader. Meanwhile, the United States has frequently been regarded as an important—albeit grudging—participant. Over the past half-decade, China has also improved its stock in the fast-growing market through a plethora of …
Read More »Exports of Russian Crude to US Soared to 12-Year High Despite Ongoing Political Tensions
US daily imports of Russian oil have hit new highs, despite tough talk on a wide range of issues, including energy. In March, the nation purchased Russian crude and oil products in volumes not seen since 2009. According to the latest data released by the US Energy Information Administration (EIA), …
Read More »US Weekly LNG Exports Decrease Week on Week
According to the EIA’s latest Short-Term Energy Outlook, U.S. LNG exports decreased for the period between 20 May and 26 May 2021. This reflects lower feed gas deliveries into LNG liquefaction facilities the prior week. Eighteen LNG ships departed the United States in this period. Seven were from Sabine Pass, …
Read More »US Energy Companies Are Scrambling For Cyber Insurance
U.S. energy companies are urgently building their cyberattack insurance coverage following the Colonial Pipeline network attack earlier this month, Reuters has reported, adding that premiums were likely to rise on this increased demand. A ransomware attack shut down the largest fuel pipeline in the United States two weeks ago, causing …
Read More »US Aims to Fast-track Offshore Wind Development with Expansion to California
The Biden administration will seek to approve more than a dozen offshore wind projects in the next four years and open the coast off California to development as it seeks to supercharge the nascent U.S. industry, officials said May 25. The effort is part of the administration’s broader plan to …
Read More »Russian Pipe-Laying Vessel Continues Work on Nord Stream 2 Project in German Waters
Previously, a lawsuit filed by the German environmental charity Nabu against the construction of the gas pipeline halted the issuance of the work permit by the Federal Maritime and Hydrographic Agency, but it later said the work could continue in May. Despite pressure from the US, Russia’s Fortuna vessel has …
Read More »US Oil Rig Count Rises to Highest Level since April 2020
U.S. energy firms added oil and natural gas rigs for a fourth week in a row as higher oil prices prompt some drillers to return to the well pad. The oil and gas rig count, an early indicator of future output, rose two to 455 in the week to May …
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