Energize Weekly, February 27, 2019 Montana-Dakota Utilities (MDU) said it will close three aging coal-fired generation units in the next three years, replacing the capacity with cheaper natural gas-fired and wind generation. “Low-cost power available on the market, due to low-cost natural gas and increasing wind resources, as well as…
Energize Weekly, February 20, 2019 A surge in global oil production while demand remains relatively stable will leave markets struggling to absorb production in 2019, according to the International Energy Agency’s (IEA) monthly market forecast. The IEA raised its estimate for crude oil production growth in 2019 to 1.8 million…
Energize Weekly, February 13, 2019 The United States—the world’s top exporter of ethane—increased its reach in 2018, sending the gas, a key feedstock in petrochemical manufacturing, to 10 countries, according to federal data. The U.S. surpassed Norway as the top export of ethane in 2015. Ethane is used in a…
Energize Weekly, February 13, 2019 Oil and coal, once the dominant sources of electricity generation in New England, have all but disappeared, primarily replaced by natural gas, according to ISO New England, the region’s grid operator. Since 2000, coal’s share of energy production has dropped to 1 percent from 18…
Energize Weekly, February 6, 2019 The United States will become a net-energy exporter by 2020—as crude oil, natural gas and natural gas liquids production surpasses domestic energy consumption, according to a forecast by the federal Energy Information Administration (EIA). The last time the U.S. was an exporter was in 1953.…
Energize Weekly, January 30, 2019 The demand for water for hydraulic fracturing of oil and gas wells has more than doubled in the last three years and is projected to reach more than 6.3 billion barrels by 2021, according to an analysis by Rystad Energy. Hydraulic fracking sends water, chemicals…
Energize Weekly, January 23, 2019 Brent oil prices will rise to $61 a barrel in 2019 and $65 a barrel in 2020, while natural gas prices will remain below 2018 levels for both years, according to federal Energy Information Administration (EIA) forecasts. West Texas Intermediate crude oil prices will average…
Energize Weekly, January 23, 2019 The U.S. Department of Energy (DOE) has launched programs to find new markets for coal and boost oil recovery from shale plays. Under the Maximizing the Coal Value Chain program, $9.5 million in federal cost-sharing funds will be available for developing ways to improve coal…
Energize Weekly, January 16, 2019 New natural gas-fired generation capacity in 2018 accounted for nearly three-quarters of the total 24,808 megawatts (MW) installed for the year—and was double the amount of gas-fired capacity installed in 2017, according to S&P Global Market Intelligence data. The 18,550 MW of natural gas-fired capacity…
Energize Weekly, January 16, 2019 U.S. carbon dioxide emissions linked to energy use rose for the first time in three years in 2018—with all sectors from power generation to manufacturing to home heating—posting increases. There was a 3.4 percent increase in emissions, according to a study by the Rhodium Group,…
Energize Weekly, January 16, 2019 Natural disasters worldwide caused $160 billion in damage and killed 10,400 people in 2018, making it the fourth mostly costly year for the insurance industry since 1980, according to the international insurer Swiss Re Group. “The indications at the start of 2018 were that it…
Energize Weekly, January 9, 2019 Energy commodity prices—hit by a weak oil market—fell 21 percent in the last quarter of 2018 after having been strong for most of the year, according to in the S&P Goldman Sachs Commodity Index (GSCI). It was the first time since 2015 that crude oil…
Energize Weekly, January 2, 2019 The oil and gas industry is a source of carbon emissions even before the fuels are burned—one that should be addressed even as fossil fuels remain in the world energy system for decades, according to the International Energy Agency (IEA). The IEA’s “well-to-wheel” analysis of…
Energize Weekly, December 19, 2018 Oil prices are projected to decline sharply in 2019 as demand remains flat due to slowing economies and weakening currencies—as well as more U.S. oil in the market, according to national and international energy agencies. The federal Energy Information Administration (EIA) last week slashed its…
Energize Weekly, December 12, 2018 Global carbon dioxide (CO2) emissions, driven by increased fossil fuel consumption, jumped in 2018. Even with major initiatives to curb carbon, fossil fuels are likely to hold a dominant share of energy production through 2040, according to a series of new studies. Carbon emissions worldwide…
Energize Weekly, December 5, 2018 New England’s power grid operator—after a cold snap last winter taxed generating capacity—has put in place new programs and says it expects to have the resources to meet demand. Still, fuel constraints could pose a risk. ISO New England (ISO-NE) said in its winter outlook…
Energize Weekly, November 28, 2018 Heavy industry carbon emissions—less of a focus and harder to curb than the power sector’s—could be reduced to zero by 2060 at cost of just a fraction of global Gross Domestic Product (GDP), according to a new study by the nonprofit Energy Transitions Commission. The…
Energize Weekly, November 21, 2018 Natural gas underground storage in the U.S. began November at the lowest levels in 13 years, 3,208 billion cubic feet (Bcf), according to the federal Energy Information Administration (EIA). The data released Nov. 8 covers storage levels in the lower 48 states. Each of seven…
Energize Weekly, November 21, 2018 Oil supplies are up and prices down—despite flagging output from Venezuela and sanctions on Iranian oil—as result of increased production from key countries and a softening demand from developing countries, the International Energy Agency (IEA) said. In August, the IEA warned that losses of Venezuelan…
Energize Weekly, November 14, 2018 The Midwest is heading into the winter home-heating season with above average inventories, modest price increases and a forecast of a mild winter, while the Northeast is facing a decline in inventories, a sharp price hike and colder temperatures. Propane prices were up nationally 4…
Energize Weekly, November 14, 2018 In the wake of a hard-fought battle over an oil and gas ballot initiative, Colorado political and industry leaders are looking for a path to comprise. Proposition 112, sponsored by the grassroots anti-drilling group, Colorado Rising, would have created a statute requiring oil and gas…
Energize Weekly, November 7, 2018 After a sharp decline, global fuel subsidies rose in 2017—under pressure from rising oil prices, according to the International Energy Agency (IEA). Worldwide fossil fuel subsidies had fallen by almost half to about $250 billion between 2012 and 2016. In 2017, they rose 12 percent…
Energize Weekly, November 7, 2018 U.S. crude oil production reached 11.3 million barrels a day in August, surpassing Russian output, and making the U.S. the world’s leading crude oil producer, according to the federal Energy Information Administration (EIA). Production records were set in several states. Texas posted a record 4.6…
Energize Weekly, October 24, 2018 The PJM Interconnection, the largest U.S. wholesale electricity market, has in the last five years added the most natural gas-fired capacity of any grid in the country, according to the federal Energy Information Administration (EIA). PJM has seen the closure or announced closure of coal-fired…
Energize Weekly, October 24, 2018 A forecast for a mild winter and adequate electricity generating capacity are good news for the winter energy markets, but pipeline constraints could create risks for several major cities, according to a Federal Energy Regulatory Commission (FERC) assessment. The growing dependence on natural gas-fired generation…
Energize Weekly, October 17, 2018 U.S. crude oil exports surged in the first half of 2018 as the use of the largest supertankers grew dramatically. Crude oil overtook hydrocarbon gas liquids as the biggest U.S. petroleum export product. The 1.8 million barrels a day exported was 80 percent more than…
Energize Weekly, October 3, 2018 The market for liquefied natural gas (LNG) is poised to set a record in 2018, spurred by Asian imports, according to a Bloomberg New Energy Finance analysis. Demand is projected to grow 308 million metric tons per annum (MMtpa) in 2018, up 8.5 percent from…
Energize Weekly, September 19, 2018 Demand for fossil fuels will peak in the 2020s, as market competition, technological innovation and shifts in energy transform the market and create financial risk, according to a Carbon Tracker analysis. The projections by the London-based energy think tank are aggressively predicting a peak at…
Energize Weekly, September 5, 2018 Capital investment in the oil and gas industry grew rapidly after 2006 but has shown itself to be more volatile than overall capital investment, creating both a boon and a potential bane for the economy, according to an analysis by the Federal Reserve Bank of…
Energize Weekly, August 29, 2018 The increased drilling of longer horizontal wells in shale oil and gas formations is fueling an escalating demand for the sand used to keep open fissures in rock after it has been fracked, leading to a $6 billion market by 2023, according to energy consultant…
Energize Weekly, August 29, 2018 Water demand for fracking and the flowback and produced water from fracked wells has soared with the amount of water being used up as much as 770 percent and flowback volumes increasing up to 1,440 percent in six years, according to a Duke University study.…
Energize Weekly, August 8, 2018 Ethanol fuel production capacity rose an estimated 5 percent in 2017 to 16 billion barrels a year as the Trump administration continues to try to strike a comprise between the refiners and agricultural interests on ethanol-treated gasoline. Between the beginning of 2018 and the start…
Energize Weekly, July 11, 2018 Venezuelan oil production is increasing, being held up by its joint ventures with foreign oil companies from Russia, China and the U.S. Even with that, production and exports have plummeted, according to an assessment by the U.S. Energy Information Administration (EIA). Output has been falling…
Energize Weekly, June 27, 2018 The leak rate of methane emissions from oil and gas operations is about 60 percent higher than federal estimates, according to a study published June 22 in Science magazine. The findings are based on measurements taken at more than 400 well pads in six basins…
Energize Weekly, June 20, 2018 The International Energy Agency (IEA) has trimmed its forecast for the increase in world oil demand for 2018 to 1.4 million barrels a day as supply, economic and price uncertainties could still roil the global market. “Rapidly rising prices in recent months have raised doubts…
Energize Weekly, June 20, 2018 Energy consumption grew worldwide 2.2 percent in 2017, about an 80 percent increase year-over-year, and the fastest growth in four years as emission of the greenhouse gas, carbon dioxide also rose for the first time since 2014. Consumption of natural gas and oil rose, and…
Energize Weekly, June 13, 2018 Oil companies have cut the costs of shale drilling, leading to the resurgence of activity even without oil prices rebounding to pre-recession levels, though some of the high-priced plays are vulnerable to market forces, according to Bloomberg New Energy Finance (BNEF). The key to the…
Energize Weekly, May 9, 2018 U.S. oil production and productivity per well from shale plays increased in 2017 making up more than half the nation’s crude output—a decade-long trend, according to the federal Energy Information Administration (EIA). The average well produced more oil in 2017 than those drilled in previous…
Energize Weekly, April 18, 2018 U.S. crude oil production in the Gulf of Mexico hit a record 1.65 million barrels a day in 2017—and 2018 and 2019 production is set surpass that, according to the federal Energy Information Administration (EIA). Gulf production hit that highest recorded annual level despite platform…
Energize Weekly, April 4, 2018 U.S. exports of liquefied natural gas (LNG) quadrupled in 2017 compared to the previous year as global demand jumped 9.4 percent to 285 million metric tons a year, according to market analyses by the federal Energy Information Administration (EIA) and Bloomberg New Energy Finance. After…
Energize Weekly, April 4, 2018 Oil and gas activity in Texas posted growth for the sixth consecutive quarter in the first quarter of 2018 with prospects for continued expansion this year, according to the Dallas Federal Reserve Bank’s quarterly regional energy survey. The survey also found the average break-even point…
Energize Weekly, March 14, 2018 U.S. industry will be running on natural gas—consuming it as a fuel and a feedstock—and using more of it than any other sector through 2050, according to a forecast by the federal Energy Information Administration (EIA). The EIA expects the industrial sector’s consumption to rise…
Energize Weekly, March 14, 2018 The United States, thanks to surging shale-oil production, will “dominate oil supply growth” over the next five years and is becoming “ever more dominant in the global oil market,” according to the International Energy Agency (IEA). The key exporting countries meeting demand growth along with…
Energize Weekly, February 28, 2018 Trump administration efforts to roll back methane controls on oil and gas operations were blocked by a federal court ruling last week in one of the 60 lawsuits filed against the administration on climate change issues. On Feb. 22, Judge William Orrick, in the U.S.…
Energize Weekly, February 14, 2018 Oil, natural gas liquids and natural gas production are all projected to grow steadily over the next five years, with oil and gas liquids leveling off and natural gas continuing to climb slowly, according to the federal Energy Information Administration (EIA). Oil production has already…
Energize Weekly, January 24, 2018 Oil and natural gas production for 2018 is projected to break records as oil prices move higher and as gas prices remain firm, according to the federal Energy Information Administration’s (EIA) short-term energy outlook. U.S. crude oil production is forecast to average 10.3 billion barrels…
Energize Weekly, January 17, 2018 Although much of the nation—from Florida to Michigan to Maine—was punished with frigid temperatures in December and January, heating fuel supplies held up well, according the federal Energy Information Administration (EIA). “Current cold weather in the Midwest and Northeast United States has put some pressure…
Energize Weekly, January 17, 2018 Consumer advocates and attorneys general from 18 states are calling for federal energy regulators to ensure that hundreds of millions of dollars in tax savings utilities are likely to gain from the new federal tax law are passed on to consumers. In letter to the…
Energize Weekly, January 10, 2018 Xcel Energy received an “unprecedented” response to a call for new generation projects for its Colorado subsidiary with more than 430 proposals, according to a report filed by the utility with the Colorado Public Utilities Commission. “For comparison, the Company received 55 bids in the…
Energize Weekly, January 10, 2018 The federal tax overhaul may provide a windfall in tax cuts and write-offs for utilities. Now, utility commissions and state officials around the country are looking to see if some of that money ought to flow back to customers. On Jan. 4, Oklahoma Corporation Commission administrative…
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