US House passes bill to ban US strategic oil reserve sales to China; Senate path unclear 12 Jan 2023 The US House of Representatives advanced legislation Jan. 12 aimed at preventing crude oil from the US Strategic Petroleum Reserve from ending up in China, sending the measure to the Senate where odds of passage are…
Why natural gas prices — and bills — are soaring in Southern California JAN. 9, 2023 Southern California Gas Co. and San Diego Gas & Electric have issued stark warnings to customers that their January natural gas bills could double, citing factors for historically high wholesale costs that include sinking inventories, supply constraints and a…
To replace Russian gas, Europe builds more LNG capacity and boosts U.S. imports Energize Weekly, January 4, 2023 In the dash to replace Russian natural gas supplies, liquefied natural gas (LNG) import capacity in the European Union (EU) and the United Kingdom (UK) is set to expand by a third by 2024 as the U.S.…
Energy efficiency investments jump in 2022 spurred by energy security concerns Energize Weekly, December 28, 2022 Global investment in energy efficiency – from building renovations to public transport to electric vehicle infrastructure – increased 16 percent in 2022, reaching $560 billion as efficiency gains grew fourfold, according to the International Energy Agency (IEA). “If the…
High gas prices, energy security concerns make capturing fugitive and flared gas profitable Energize Weekly, December 21, 2022 The combination of higher natural gas prices and geopolitical concerns about energy security is making the capture and commercialization of fugitive and flared emissions economically viable around the world, according to a report from S&P Global. More…
Deepwater oil and gas production set to grow 60 percent by 2030 hitting 17 million BOE/D Energize Weekly, December 7, 2022 Deepwater oil and gas production is set to increase more than 60 percent between 2022 and 2030, reaching 17 million barrels oil equivalent per day (BOE/D) – equal to 8 percent of all global…
War in Ukraine is speeding a global energy transition, hobbling Russian exports, IEA says Energize Weekly, November 2, 2022 Global fossil fuel consumption and greenhouse gas emissions are slowing with oil, coal and natural gas either peaking or reaching a plateau by 2030, according to the International Energy Agency (IEA). The trend to cleaner energy…
A colder winter and higher energy prices will boost winter heating costs, EIA says Energize Weekly, October 19, 2022 American households will pay more for natural gas, electricity, heating oil and propane to heat their homes, spurred by increased energy prices and the forecast of a colder winter, according to the U.S. Energy Information Administration…
Threat of recession and drop in oil demand and prices worry Permian producers Energize Weekly, October 5, 2022 Even as oil production rebounds in the Permian Basin, industry executives are worried about a drop in demand due to a recession and remain dogged by rising costs and supply chain problems, according to a Federal Reserve…
New methane tax more a regulation aimed at curbing emissions than a revenue raiser Energize Weekly, September 14, 2022 A methane tax in the Inflation Reduction Act will likely serve more as a regulation than a revenue raiser, spurring oil and gas operations to cut down on fugitive emissions to save dollars, according to an…
Texas natural gas exports to Mexico hit a record but a regional shortage may loom Energize Weekly, August 24, 2022 West Texas natural gas exports to Mexico reached a record in May, but the combination of growing Mexican exports and new Gulf Coast liquified natural gas (LNG) terminals could leave the region short on gas…
Q2 oil and gas mergers and acquisitions hit by volatile equity and commodity markets Energize Weekly, July 20, 2022 Oil and gas sector mergers and acquisitions (M&A) buffeted by market volatility slipped in the second quarter of 2022 to $12 billion – an 18 percent decline from the first quarter and a third of what…
Processing…please wait
