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12/2/2020

A European study found that elderly people who took omega-3 supplements had 62% fewer urinary tract infections and 11% fewer upper respiratory tract infections. The study, which also looked at vitamin D supplements, found no effect "when it comes to bone health, memory and muscle function."

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Whole Foods Magazine
12/2/2020

The coronavirus pandemic temporarily returned the US to net petroleum importer status in May and June after seven straight months of being a net petroleum exporter, with net petroleum imports averaging 939,000 barrels per day in May and 675,000 bpd in June, according to the Energy Information Administration. The brief reversal was due to a sharp drop in US petroleum product exports from a record 6.3 million bpd in February to 3.9 million in May, but gross export volumes have since recovered to 5.1 million bpd in September.

12/2/2020

Shipping data suggests that as many as 20 ships loaded with US crude oil could set sail for Asia in December, most of which are supertankers capable of carrying around 2 million barrels of oil. Even though some of the bookings are provisional, the increased appetite is the result of rebounding demand from countries like China and India and favorable arbitrage economics for US crude grades.

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Yahoo
12/2/2020

US crude oil supplies expanded by 4.15 million barrels last week, while gasoline and distillate stockpiles were up by 3.4 million barrels and 334,000 barrels, respectively, according to the American Petroleum Institute.

12/2/2020

Tellurian has pulled its application with the Federal Energy Regulatory Commission to build the Permian Global Access natural gas pipeline in Texas and Louisiana because "current market conditions do not support the economic thresholds to pursue the pipeline at this time." However, Tellurian could revive the project in the future if conditions improve and demand emerges for additional pipeline space, the company said in a FERC filing.

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Reuters
12/2/2020

Energy companies like Baker Hughes and Royal Dutch Shell are starting to incorporate 3D printing in business processes from design to parts manufacturing, acknowledging the technology's potential to revolutionize the oil and natural gas industry and solve the many challenges facing it. "Now more than ever, industrial companies are looking for innovative manufacturing solutions to reduce lead times and eliminate physical inventories, while reducing the carbon footprint of operations, and we believe additive manufacturing plays an important role," said Baker Hughes' Scott Parent.

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OilPrice (UK)
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Royal Dutch Shell
12/2/2020

The Environmental Protection Agency has missed the statutory deadline for publishing the final rule regarding the 2021 renewable volume obligations, creating uncertainty for both refiners and biofuels producers. "At this point, it likely makes more sense to let the new administration handle the 2021 RVO (Renewable Volume Obligations) rulemaking process entirely," said Renewable Fuels Association President Geoff Cooper.

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The Hill, Reuters
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Renewable Fuels Association
12/2/2020

In a move that will push the permitting timeline on the project into the Biden administration, Vineyard Wind has decided to withdraw the construction and operation plans it had previously submitted for approval. The company switched its preference from 9.5-MW turbines manufactured by MHI Vestas to the Haliade-X turbine from GE Renewable Energy, which has a generating capacity of up to 13 MW. That switch means the first phase of the development would only need 62 turbines instead of 84.

RESB Murmurs: I see what you did there, Vineyard Wind. Well played. - Sean

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Vineyard Wind, Sean
12/2/2020

Green hydrogen could be an important development in the fight against climate change -- or it could be a wildly costly flop, writes David Fickling. In this piece, Fickling explores the cost declines and technological advances needed to make green hydrogen economically viable.

RESB Murmurs: If you are looking for a primer on the potential and pitfalls of green hydrogen, this piece is great. It is Part 1 of a 3-part series this week on a technology that might have massive ramifications for renewables, particularly wind and solar. - Sean

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Sean
12/2/2020

Accelerating the global energy transition requires a combination of stable policies and public support, leaving the oil and gas sector to wonder where exactly their skills fit. In this post, Sylvester Bamkole of Leyton explains how O&G and geoscience skills are essential for closing the energy transition skills gap and ushering in a cleaner economy.