Big energy projects moving fast, face $150 billion a year in cost overruns, Bain & Co. says Energize Weekly, June 19, 2024 The scale and speed of the energy transition risks project delays and setbacks leading to cost overruns of 15 percent to 20 percent, equal to $150 billion a…
NRG Applies to the Texas Energy Fund to Bring Essential Dispatchable Power to ERCOT Jun 10, 2024 Today, NRG Energy Inc. (NYSE: NRG) submitted the first of three loan applications to the Texas Energy Fund (TEF) to develop the previously announced 1,600 megawatts (MW) (1.6 Gigawatts) of new quick-start natural…
City council rejects Power San Diego proposal Jun 10, 2024 The push by a voter initiative to assume control of the power responsibilities of San Diego Gas & Electric collected over 30,000 signatures. This compelled the city council to deliberate on whether San Diego voters would have the opportunity to…
U.S. natural gas output rises as methane emissions fall, pointing to pollution control gains Energize Weekly, June 12, 2024 U.S. natural gas production rose by 40 percent between 2015 and 2020, while methane emissions from drilling and extraction fell by 37 percent – pointing to significant gains in pollution control,…
ConocoPhillips-Marathon Deal Represents a Pivot June 04, 2024 The ConocoPhillips-Marathon Oil transaction represents a pivot in U.S. shale mergers and acquisitions, from deals focused on increasing exposure in a single key basin or play to acquiring a multi-basin operator. That’s what Enverus Intelligence Research (EIR) Principal Analyst Andrew Dittmar said…
AI is poised to drive a doubling in data center electricity demand by 2030, studies say Energize Weekly, June 5, 2024 Data centers, spurred by increased artificial intelligence applications, could double their demand for electricity in the U.S. reaching 9.1 percent of the nation’s electricity load by 2030, according to…
A record hurricane season may pose risks to Gulf oil production, refining and LNG exports Energize Weekly, May 29, 2024 The prospect of a record-breaking hurricane season in 2024 poses risks for U.S. oil and gas production, refining and liquefied natural gas (LNG) exports, according to the federal Energy Information…
Top U.S. natural gas producer Chesapeake Energy cuts jobs May 20, 2024 Chesapeake Energy (CHK.O), opens new tab, a top U.S. natural gas producer, began laying off employees this week after completing the divestiture of its oil assets last year, the company said on Monday. This week’s layoffs follow its…
New Bloomberg Study Warns of $150 Oil May 14, 2024 A recent release sent to Rigzone by Bloomberg Intelligence (BI) warned that, according to a new analysis by BI and Bloomberg Economics (BE), “an escalation to a direct war between Israel and Iran could result in oil prices rising to…
ExxonMobil will ‘still be producing oil and gas’ in 2050: CEO May 7, 2024 ExxonMobil (XOM) will still be producing oil and gas in 2050, the energy company’s CEO told Yahoo Finance on Monday, but fossil fuels will likely be a smaller part of the business. Darren Woods told Yahoo…
Coal-Fired Mill Creek Generating Station Readies for New 7HA.03 Gas-Fired Unit Apr 30, 2024 Louisville Gas and Electric Co. and Kentucky Utilities Co. (LG&E and KU) will replace two aging coal generation units at Mill Creek Generating Station in Kentucky—a combined 600 MW—with a 645-MW GE Vernova hydrogen-ready 7HA.03 gas…
AI could drive a natural gas boom as power companies face surging electricity demand MAY 5 2024 Natural gas producers are planning for a significant spike in demand over the next decade, as artificial intelligence drives a surge in electricity consumption that renewables may struggle to meet alone. After a…
Replacing old coal-fired plants with small nuclear reactors could be an economic boon Energize Weekly, May 8, 2024 The steady pace of coal-fired plant closures in the U.S. is leaving gaps in the economies of dozens of communities and creating risks to electricity reliability. One solution addressing multiple problems could…
Oil and gas mergers set to cool after a hot first quarter in 2024 with $51 billion in deals Energize Weekly, May 1, 2024 Mergers and acquisitions (M&A) in the U.S. upstream oil and gas sector in the first quarter of 2024 kept up last year’s record-setting pace with $51…
Internet data centers are fueling drive to old power source: Coal April 17, 2024 A helicopter hovers over the Gee family farm, the noisy rattle echoing inside their home in this rural part of West Virginia. It’s holding surveyors who are eyeing space for yet another power line next to…
New LNG facilities boost U.S. exports even as Biden administration pauses new approvals Energize Weekly, April 24, 2024 Bolstered by new of liquefied natural gas (LNG) export terminals, U.S. natural gas exports are projected to grow more than 25 percent by 2025 to 16.4 billion cubic feet a day, according…
Shale-Oil ‘Fracklog’ Shows US Oil Production May Be Slowing Apr 15, 2024 Shale explorers are drilling wells faster than they’re fracking them, a signal that US oil-production growth is slowing. Oil companies added to the number of drilled-but-uncompleted wells, known as the fracklog, last month for the first time in…
PacifiCorp scales back renewables April 16, 2024 PacifiCorp, parent company to Wyoming’s largest utility, Rocky Mountain Power, has issued major updates to its Integrated Resource Plan, a blueprint that highlights key changes to the company’s business strategy and its ever-evolving energy portfolio. The update shines a light on the world…
North Dakota’s Dept. of Commerce looking at nuclear power to meet the increasing demand for electricity April 15, 2024 North Dakota’s Commerce Department has begun studying whether nuclear power could be used to help meet the increasing demand for electricity. That demand is being driven – in part – by…
DOE Opens $25M Funding Opportunity To Support Tribal Clean Energy Projects APRIL 15, 2024 The U.S. Department of Energy has opened a funding opportunity making up to $25 million available to support clean energy technology deployment on Tribal lands. Certain projects fueled by biomass, biogas, renewable natural gas (RNG) or…
Pipeline company, environmental group strike unique ‘community benefits’ agreement APRIL 9, 2024 The developer of a carbon-dioxide pipeline and an environmental group have struck a “one-of-a-kind” agreement to ensure “community benefits” from the pipeline as well as support for the project. While similar CO2 pipeline projects in Iowa and the…
With time short, S.C. senators take up comprehensive energy bill Apr. 5, 2024 Utilities, conservation groups, and other stakeholders are all in agreement: South Carolina needs to expand its energy capacity to keep up with its growth. It’s a top priority for leaders in Columbia as well, but they face…
Tri-State G&T faced with co-ops leaving and a stalled rate increase sees bond ratings drop Energize Weekly, April 10, 2024 Facing the departure of four member cooperatives and the failure to get federal regulators to approve a rate increase, Tri-State Generation and Transmission Association bonds were downgraded by two rating…
North Dakota nearing 5 billion barrels of oil drilled, Helms says focus on CO2 needed to maximize drilling potential April 1, 2024 North Dakota is set to reach five billion barrels of oil drilled within the next month or so. State Department of Mineral Resources Director Lynn Helms said building…
Evergy Plan Maintains Lowest-Cost Approach to Meeting Growing Customer Electricity Demand, Maintaining Reliability, and Advancing Sustainability April 1, 2024 Evergy, Inc. (NASDAQ: EVRG) today filed its triennial Integrated Resource Plan with the Missouri Public Service Commission. This outlines the plan to meet customer electricity needs over the next 20 years.…
Baltimore bridge collapse likely to pinch coal exports and energy-related imports Energize Weekly, April 4, 2024 The collapse of the Francis Scott Key Bridge, after being hit by a container vessel, has blocked the Port of Baltimore, throttling imports and exports of a wide range of goods, including cars, sugar,…
The triumphant USA is now producing more oil and gas than any nation ever has March 26, 2024 The US Energy Information Administration (EIA) said in January that US domestic production of crude oil for September 2023 set a new all-time high of 13,247,000 barrels per day. That fact probably…
EIA Boosts USA Crude Oil Production Forecasts March 19, 2024 The U.S. Energy Information Administration (EIA) increased its forecasts for U.S. crude oil production for both 2024 and 2025 in its latest short term energy outlook (STEO), which was released last week. According to the March STEO, the EIA now…
AES Indiana files to convert Petersburg coal units to natural gas March 15, 2024 In filing a Certificate of Public Convenience and Necessity (CPCN) this week, AES Indiana sought the right to repower Petersburg Units 3 and 4 from coal to natural gas. This would make the utility the latest…
After being rebuffed by regulators, utilities file slimmed-down spending plans March 18, 2024 State regulators are once again considering massive electric utility spending plans that would affect the state’s climate goals – and 5.4 million electric customers’ monthly bills – after rejecting previous versions late last year. The Illinois Commerce…
Methane emissions were flat in 2023 but still too high to curb climate change, IEA says Energize Weekly, March 20, 2024 Methane emissions from the production and use of fossil fuels reached 20 million tons in 2023, and while levels have been generally flat for the past five years, they…
Oil and gas leases blocked on Permian Basin state land most likely to produce fossil fuel March 11, 2024 Officials blocked oil and gas operations on southeast New Mexico lands within the Permian Basin as the State Land Office tangled with lawmakers on raising the amount companies pay to drill…
EPA Leaves Out Existing Natural Gas-Fired Power Plants from Carbon Rule MARCH 8, 2024 The Biden administration’s recent announcement that it would hold off on regulating carbon emissions from existing natural gas-fired power plants means the agency will wait until after the election to regulate one of Pennsylvania’s largest sources…
A massive proposed Wisconsin solar farm could wreak havoc on threatened prairie chickens March 2, 2024 The plan for a massive solar energy development in Portage County has caused conservationists to sound the alarm over the project’s potential detrimental impacts to Wisconsin’s threatened population of greater prairie chickens. The Vista…
TC Energy to sell Portland Natural Gas Transmission System for $1.14 bln March 4, 2024 TC Energy (TRP.TO), opens new tab said on Monday it has agreed to sell Portland Natural Gas Transmission System (PNGTS) to a BlackRock-managed fund and Morgan Stanley Infrastructure Partners for $1.14 billion as part of…
New Jersey waters down proposed referendum on new fossil fuel power plant ban March 4, 2024 New Jersey lawmakers wanted to ask voters whether to ban new fossil fuel-fired power plants. And then they added a loophole big enough to drive a fleet of oil trucks through. A state Senate…
Xcel says big reason it needs to spend millions on new projects is regional grid’s reliability risks MARCH 4, 2024 The growing risk of unreliability and potential expense of buying energy on the open market is a big reason why Xcel Energy wants to make significant investments in its infrastructure.…
Lawmakers across the U.S., including in Md., seek to curb utility spending on politics, ads and more March 5, 2024 After a string of scandals and amid rising bills, lawmakers in statehouses across the country, including in Maryland, have been pushing legislation to curb utilities spending ratepayer money on lobbying,…
Poor grid interconnection policies are causing project backups across the U.S., study says Energize Weekly, March 6, 2024 The grid interconnection process in the U.S. is so “dysfunctional” that more than two million megawatts of generation and storage are waiting to be hooked up, according to an analysis by Advanced…
Ohio commission awards bids to frack oil and gas under state parks, wildlife areas Feb 26, 2024 An Ohio commission awarded bids to frack oil and gas under state parks Monday, despite statewide backlash and an ongoing investigation into possibly fraudulent support. The Ohio Oil and Gas Land Management Commission…
DOE announces $45 million investment for cybersecurity research FEBRUARY 26, 2024 The Department of Energy on Monday announced a $45 million investment into cybersecurity research for the energy sector, including projects on artificial intelligence detection and response and quantum communication for the grid. DOE’s Office of Cybersecurity, Energy Security, and…
Retired coal plant’s revival as natural gas station sparks debate across South Carolina February 26th 2024 A retired coal-fired power plant in Colleton County may be revamped in the next decade. The plant would be a joint station between Dominion Energy and Santee Cooper. It will function as a natural…
Rebooted commission could breathe new life into bills challenging Virginia’s largest utility February 26, 2024 Virginia clean energy champions have their fingers crossed that members of a resurrected legislative commission won’t water down four utility-focused bills when they meet in the off-season to reshape the failed measures for next year’s…
US government may sue PacifiCorp, a Warren Buffett utility, for nearly $1B in wildfire costs February 26, 2024 The U.S. government is threatening to sue PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway, to recover nearly $1 billion in costs related to the 2020 wildfires in southern Oregon and northern…
Natural gas-fired generation, the backbone of U.S. electricity generation, varies by region Energize Weekly, February 28, 2024 Natural gas generation is the largest source of electricity in the U.S. and is used across the country, but the scale and efficiency of that generation varies region by region, according to an…
U.S. Drillers Scale Back Operations as Gas Prices Tumble Feb 16, 2024 U.S. natural gas producers are beginning to reduce drilling and investment as low prices weigh on their returns. Reuters reports that natural gas prices in the U.S. hit the lowest in three and a half year, betraying drillers’…
Pioneering GE F-Class Hydrogen-Capable Gas Power Plant Begins Operations in Australia February 19, 2024 EnergyAustralia has begun operations at the 320-MW Tallawarra B gas-fired power station in New South Wales (NSW)—Australia’s first peaking power plant capable of operating on a natural gas and hydrogen fuel blend. The project’s start on…
US oil companies to merge in $26bn deal as firms rush to buy up drilling land 12 Feb 2024 Two American oil and gas companies have said they will merge in a $26bn (£21bn) deal, the latest in a wave of acquisitions designed to buy up the best land for…
New 1.2-GW Natural Gas-Fired Plant Announced for Texas Feb 13, 2024 A Texas-based energy company has announced plans to build a 1.2-GW natural gas-fired power plant in Lee County, Texas, with construction expected to begin in 2025. Sandow Lakes Energy Co. on Feb. 12 said it would build the plant…
Xcel asks for more nuclear waste storage to operate Prairie Island until 2050s FEBRUARY 8, 2024 Xcel Energy says it needs to store far more nuclear waste at its Prairie Island facility to extend the plant’s life by 20 years, as it has proposed in its long-range plan. Keeping the…
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