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Monday, September 21st, 2020
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Oil Refiners: Too much oil and nobody wants it.

The Chevron Pascagoula Refinery in Mississippi,

REUTERS, SEPTEMBER 20, 2020 MELBOURNE/LONDON/NEW YORK (Reuters) – Global oil refiners reeling from months of lackluster demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in demand from the impact of coronavirus has stalled, according to executives, refinery workers and industry analysts. Refiners cut output by as much as 35% in spring as …

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Oil workers flee as third storm in month aims for U.S. offshore fields

Weather map

REUTERS, SEPTEMBER 19, 2020 HOUSTON (Reuters) – Royal Dutch Shell Plc halted some oil production and began evacuating workers from a U.S. Gulf of Mexico platform, the company said on Friday, as a new tropical storm flared. Beta, the 23rd named storm of the Atlantic hurricane season, formed in the Bay of Campeche and was forecast to strengthen steadily and become …

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Giant Tesla Batteries Keep British Lights on for First Time

Neon lights. Building. Advertising

BLOOMBERG, SEPTEMBER 18, 2020 Six huge batteries from Elon Musk’s company Tesla are now helping to keep the lights on in Britain. By Rachel Morison for Bloomberg – A project using giant Tesla Inc. batteries was used to help balance supply and demand in Britain’s electricity market for the first time this week. The plant is made up of six Tesla megapack batteries …

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Port of Charleston nails its second-highest monthly volume in August

Large container ship

PortandTerminal.com, September 15, 2020 CHARLESTON, NC – South Carolina Ports Authority saw some positive cargo trends in August, pointing to a slow but emerging recovery during the ongoing global pandemic. SC Ports handled 208,837 twenty-foot equivalent container units (TEUs) at the Wando Welch and North Charleston container terminals in August, down about 10% year-over-year. When compared to recent months however, volumes are trending positively, with …

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Oil industry paints grimmer picture of pandemic’s harm to demand

Oil worker. Pipes

REUTERS, SEPTEMBER 14, 2020 SINGAPORE/LONDON/NEW YORK (Reuters) – Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic’s ongoing assault on the global economy. The novel coronavirus hammered fuel demand in the spring, causing consumption to drop by more than one-third as billions of people worldwide restricted their movements. Consumption …

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One of world’s largest container ships knocks over crane in Spain. Video

Screen grab. Toppled gantry crane at port

PortandTerminal.com, September 14, 2020 VALENCIA, SPAIN – The MSC Mia, one of the largest container ships in the world hit a gantry crane at while leaving the container terminal at Valencia, Spain, on September 13th in the morning. The crane collapsed injuring its operator who required hospitalization. Able to carry 23,756 containers (TEU), MSC Mia has a record-size capacity for …

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Port Of Halifax Welcomes Largest Box Ship In History To Call A Canadian Port

CMA CGM Brazil at PSA Halifax - Photo credit Steve Farmer.

PortandTerminal.com, September 10, 2020 At 1,200 feet in length, the CMA CGM Brazil would be the tallest structure east of Toronto if standing stern to bow HALIFAX, NOVA SCOTIA – This morning, the largest containerized cargo vessel to call at a Canadian port arrived at the Port of Halifax. The CMA CGM Brazil, 366 metres (1,200 feet) length, 51 metres …

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Natural Gas Is the Rich World’s New Coal

A flame blazes on top of flare stacks at an LNG site in Australia

BLOOMBERG, SEPTEMBER 10, 2020 By Vanessa Dezem, Stephen Stapczynski and Naureen S. Malik for Bloomberg Even the cleanest fossil fuel is losing its appeal to rich nations. Just a few years ago, natural gas was hailed as vital for the transition toward an economy that runs on renewable energy. But sentiment is changing and the fuel is going the same …

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Vast Grid Damage Will Mean Some Laura Victims Sweat in the Dark for Weeks

Downed transmission towers

BLOOMBERG, AUGUST 31, 2020 By Will Wade – Parts of Louisiana will be without power for weeks after Hurricane Laura caused “catastrophic” damage to the region’s grid, mangling steel transmission towers and snapping utility poles as if they were twigs. More than 300,000 homes and businesses remain in the dark Monday morning, including 150,000 Entergy Corp. customers, four days after the Category 4 …

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Bill Gates is investing in nuclear energy

Bill Gates

REUTERS, AUGUST 27, 2020 WASHINGTON (Reuters) – A nuclear energy venture founded by Bill Gates said Thursday it hopes to build small advanced nuclear power stations that can store electricity to supplement grids increasingly supplied by intermittent sources like solar and wind power. The effort is part of the billionaire philanthropist’s push to help fight climate change, and is targeted …

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