energy industry

Rated Chemicals Companies in Latin America Expected to Stay Stable Even With Oil Prices Tumbling

December 28, 2015

The credit profiles of rated Latin American chemicals companies are expected to remain stable during 2016 despite low petrochemical prices.

By 2024, Sales of Vehicles Powered by Fuel Cells Could Top 228,000, Study Finds

December 3, 2015

Navigant Research

Annual sales of fuel cell vehicles, both passenger cars and buses, are expected to exceed 228,000 by 2024, according to a report from Navigant Research.

Market for Drones Built to Inspect Wind Turbines Could Be Worth $6bn by 2024, Report Says

September 17, 2015

Navigant Research

To inspect the blades of the more than 270,000 wind turbines operating globally, technicians have traditionally relied on binoculars and field scopes from the ground, or have scaled the turbines with the help of ropes or cables. Today, unmanned aerial vehicles are providing a safer option, with the benefit of higher-resolution imaging. Cumulative global revenue for wind turbine UAV sales and inspection services is expected to reach nearly $6bn by 2024, according to a Navigant Research report.

Hydraulic Fracturing Causes Another Split Between Conservative and Liberal State

June 11, 2015

The Hill

Fracking is creating a new dividing line between the nation's red and blue states.

EPA Finds Fracking Not Responsible for Widespread Environmental Damage

June 10, 2015

Bloomberg

Hydraulic fracturing has contaminated some drinking water sources, but the damage is not widespread, according to a landmark U.S. study of water pollution risks that has supporters of the drilling method declaring victory and foes saying it revealed reason for concern.

Bulk Chemical Production Expected to Fuel Industrial Energy Consumption Increases for Next 25 Years

June 4, 2015

Manufacturing.net

The U.S. Energy Information Administration's annual energy outlook - which was released earlier this spring - anticipated that the industrial sector's energy demand would outpace all other sectors through 2040, and a just-released EIA report projected that bulk chemicals would account for a "large portion of both consumption and anticipated growth," with the value of chemical shipments increasing from $288bn in 2013 to $429bn in 2025.

Tanker Operators Tie Their Prosperity to Decreased Shale Oil Production, Boost in Oil Imports

June 4, 2015

Drewry

How much U.S. shale oil production is taken out of service will be a key driver of future tanker shipping earnings, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.

Increases Predicted for Long-term Energy Costs

June 4, 2015

Worldwatch Institute

Although gas prices are temporarily low at the pump, long-term energy costs are on the rise. According to State of the World 2015 contributing author Nathan John Hagens, a former hedge fund manager who teaches human macro-ecology at the University of Minnesota, nations are papering over those costs with debt. Higher energy costs are leading to continued recessions, excess claims on future natural resources, and more-severe social inequality and poverty.

Cheap Natural Gas Powers Chemical Exports from Houston, New Orleans

May 21, 2015

Maritime Executive

Just as southern California is the nation's top magnet for containerized cargo, so is the Gulf Coast the most attractive hub for movements of petrochemicals. Led by Houston and New Orleans, petrochemical activity is thriving due in no small part to growth in refining activity and an abundance of cheap natural gas.

Pilot Launched to Test LNG Tractor-Trailer Trucks on Runs of More Than 700 Miles

May 4, 2015

Environmental Leader

Universal LNG Solutions has rolled out the first four trucks in a fleet of 95 of advanced liquefied natural gas big rigs at the campus of LNG-technology company Sancus Energy.