Tag: energy outlook

IEA provides first ever assessment of energy jobs worldwide by region and technology, offering vital analysis in the context of the global energy crisis and clean energy transitions.

BP’s Statistical Review of World Energy 2021 revealed that the COVID-19 pandemic had a dramatic impact on energy markets.

Global LNG trade increased to 360 million tonnes in 2020 despite the unprecedented volatility caused by the COVID-19 pandemic, says oil major Shell in its latest annual LNG Outlook published Thursday. The report also predicts that global LNG demand is expected to reach 700 million tonnes by 2040.

Biofuels used in transport are set to experience their first annual decline in two decades, driven by the wider plunge in transport fuel demand this year as well as lower fossil fuel prices reducing the economic attractiveness of biofuels, IEA says in a new report. 

U.K. Continental Shelf has recently passed a sobering milestone: oil and gas production will likely never exceed two million barrels of oil equivalent per day again, despite promising exploration results, Rystad Energy reported.

The outbreak of the COVID-19 pandemic resulted in the sharpest downturn in energy and oil demand in living memory, according to OPEC World Oil Outlook 2020, released in Vienna, Thursday. Despite the large drop in 2020, global primary energy demand is forecast to continue growing in the medium- and long-term, increasing by a significant 25% in the period to 2045.

The behavioural and economic ramifications of COVID19 will permanently reduce global energy demand, according to DNV GL's newly published Energy Transition Outlook. Among others, the report talks about clean energy technologies, the role of financial institutions in financing the green transition and the long-term impact of COVID-19. 

In a recently published report, Rystad Energy notes that the coronavirus pandemic should be expected to last for the entirety of 2020 and provides possible scenarios and impact on the global energy markets.

The US Energy Information Administration (EIA) in its latest February Short-Term energy outlook, estimates that the Lower 48 states’ working natural gas in storage will end in 2019-2020 winter heating season, at 1.935 billion cubic feet, meaning 12% more inventory in comparison to the previous five-year average.

According to a recent statement, Marubeni Corporation, has decided to implement the construction; operation and maintenance of the offshore wind farms at Akita Port and Noshiro Port in Akita Prefecture, through the special purpose company “Akita Offshore Wind Corporation” (AOW) established in April 2016 and together with other Joint Business Partners.