Storage – Page 3 – Oil & Gas 360

Russia’s State Atomic Energy Corporation Rosatom launches lithium battery storage business unit

October 12, 2020

Energy Storage news Nuclear technology company Rosatom, Russia’s biggest electricity provider and the country’s supplier of nuclear fuel for power plants, has opened an energy storage business unit based around lithium-ion batteries. The state corporation – State Atomic Energy Corporation Rosatom to give it its full name – said last week that it has “completed incorporation” of the energy storage business

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HDR Selected as Owner’s Engineer for Salt Lake City LNG Facility

September 25, 2020

360 Feed Wire Dominion Energy Utah has selected HDR to continue as the owner’s engineer for its new liquefied natural gas facility project in Magna, Utah. The selection establishes HDR as the owner’s engineer throughout construction of the facility, continuing the role HDR has held on the project for the past four years. The Magna LNG facility will provide Dominion Energy Utah

Foresight of Tesla’s Battery Day -What Hole Card is Musk Holding -oilandgas360

Elon Musk’s ‘important note’ ahead of Tesla Battery Day – could be good for the “Balanced Energy Diet”

September 22, 2020

Energy Storage Oil & Gas Publishers Note: This should be looked at as a good thing for the environment if Elon Musk can help control the entire manufacturing process of batteries and storage. The scientific advancements that they could potential make will benefit everyone, including the renewable and fossil fuels on a “Balanced Energy Diet” as we say on our

Saldanha Bay is a strategic storage point - oilandgas360

More Nigerian oil likely to move into storage

September 5, 2020

Energy Mix Nigerian light sweet crude and those from other West African producers have been struggling to clear for September and October loading, and are likely to move into storage. Some oil traders are once again looking to store oil onshore as sentiment on the physical crude market starts to turn bearish again, according to S&P Global Platts. The emerging

Green bank gets 1 b fund for new projects - oilandgas360

Green bank gets $1b fund for new projects – Australia changing fund to include hydro and gas

August 27, 2020

TheAdvocate The Morrison government says a new fund will encourage investment in power generation, storage and transmission and push down prices. Energy Minister Angus Taylor on Thursday introduced draft laws allowing the next step for his underwriting new generation investments program to occur through a $1 billion fund. Under its existing rules the Clean Energy Finance Corporation can only invest

Duke Energy Florida announces three new battery storage sites, including special needs shelter and first pairing with utility solar

August 25, 2020

ST. PETERSBURG, Fla. , Aug. 25, 2020 /PRNewswire/ — Duke Energy Florida plans to add thr…

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

May 29, 2020

RarePetro Oil & Gas 360 Publishers Note: Kevin Olson has assembled great data points about the influx of fifty million barrels of foreign crude oil to the United States, and may offset most of the production cuts. Pushing out any kind of recovery on our producers. This brings up the question: Should Donald Trump, or Congress, get involved in eliminating

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

May 29, 2020

Key Indicators On The Oil Price Path ‘After’ Covid-19

May 12, 2020

Forbes Undoubtedly, the dominant factor in the oil market for the next twelve to twenty-four months will be the progress of the pandemic, which will reduce economic activity and thus oil demand to an uncertain degree and with unpredictable timing. My take is that once inventories are no longer filling, prices will recover somewhat, with Brent reaching $35-40 and WTI

Oil falls back into the red in volatile session

April 28, 2020

CNBC Oil alternated between gains and losses in a volatile trading session that at one point saw U.S. crude drop more than 20%. Traders continue to eye dwindling storage capacity worldwide, although some of the losses were offset by optimist around reopening of economies. West Texas Intermediate futures for June delivery gained 6 cents, or 0.47%, to trade at $12.84 per

Oil prices resume slide on oversupply and storage concerns

April 27, 2020

Reuters LONDON – Oil prices slumped again on Monday on concerns over scarce storage capacity, especially in the United States, and global economic doldrums from the coronavirus pandemic. U.S. oil futures led losses, falling by more than $3 a barrel on fears that storage at Cushing, Oklahoma, could reach full capacity soon. U.S. West Texas Intermediate CLc1 June futures fell

Oil traders have never seen an ‘insane’ market like this, fear more declines to negative prices

April 21, 2020

CNBC The oil market is facing uncharted territory as the drop-off in demand, caused by the coronavirus pandemic, combined with rapidly filling storage, sent prices plunging into negative territory for the first time in history. And with only guesswork as to when stay-at-home orders might be lifted and when crude demand might pick up, traders warn that oil could continue

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