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Home2020

Year: 2020

Wind and Solar - India -EnergyNewsBeat.com
International News

India Leader on renewables-natural partner for Britan

December 12, 2020 Stu Turley

New Delhi: India is a leader on renewables and a natural partner for Britain in the shared mission to create a greener planet and enable a clean and resilient recovery from Covid-19, British Acting High Commissioner to […]

ndia looks to resume Iran Venezuela
Crude Oil News

India looks to resume Iran, Venezuela oil imports under Biden

December 12, 2020 Stu Turley

Energy News Beat Publishers Note: This is only one of the problems for OPEC and OPEC + in controlling world oil prices. Countries know that with the Biden administration, they will not have sanction enforcement, […]

Commodities

Another Week, Another Leg Lower for Natural Gas Forwards as Warmth Rules Forecasts -NGI

December 11, 2020 Stu Turley

Weather dominated natural gas forward price action for a third consecutive week, sending prices through the winter lower despite record export demand and cuts to production, according to NGI’s Forward Look. However, losses were less severe […]

Parsley Energy -EnergyNewsBeat.com
Exploration and Production

Parsley Energy announces hundreds of layoffs, closure of Austin offices

December 11, 2020 Stu Turley

Parsley Energy Inc. will lay off most of its Austin, Texas workforce as part of its sale to Pioneer Natural Resources Co., according to a notice to the Texas Workforce Commission posted on Dec. 11. Pioneer […]

Terra Energy Partners -EneryNewsBeat.com
Bankruptcy

Terra Energy Partners to Acquire Ursa Piceance Basin Assets for $60 Million

December 11, 2020 Stu Turley

Terra Energy Partners LLC has agreed to purchase assets from bankrupt Ursa Piceance Holdings LLC and various subsidiaries for $60 million, according to bankruptcy documents. A federal bankruptcy judge in Delaware approved the sale in […]

Units 1 and 2 of the Olkiluoto plant (Image: TVO)
International News

Malfunction triggers emergency shutdown at Finnish reactor

December 11, 2020 Stu Turley

An automatic shutdown yesterday of unit 2 at the Olkiluoto nuclear power plant in Finland was caused by a fault in the purification system for the reactor cooling water, which led to a temporary increase […]

Tritech -Logo -Energynewsbeat.com
Finance

Bluewater Energy acquires Tri-Tech Energy Services

December 11, 2020 Stu Turley

Bluewater Energy, Inc acquires Tri-Tech Energy Services. Tri-TechEnergy Services (TTES) has been a strategic partner of Bluewater Energy for many years. Making Tri-Tech Energy Services part of Bluewater Energy was a natural fit for the company given […]

The world to run out of oil supply to meet demand unless exploration speeds up
Crude Oil News

The world to run out of oil supply to meet demand unless exploration speeds up, Rystad reports

December 11, 2020 Stu Turley

The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating energy transition – unless exploration […]

lowest level since May 2016
Crude Oil News

U.S. petroleum refining capacity falls to its lowest level since May 2016

December 11, 2020 Stu Turley

As of September 1 (the latest data available), the United States had 18.4 million barrels per calendar day (b/cd) of petroleum refining capacity, also known as operable atmospheric crude oil distillation capacity. U.S. refining capacity had reached a […]

ENB Pub Note

Offshore helicopter traffic plunged by 15% due to the pandemic but is set to recover from 2021

December 9, 2020 Stu Turley

Oil & Gas Mid East lobal demand for helicopter transport to offshore facilities plunged in 2020 as a result of the Covid-19 pandemic, a Rystad Energy report shows. Helicopter traffic was affected as non-critical maintenance […]

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