U.S. power generation from renewables will expand from 21 percent in 2021 to 44 percent in 2050, according to a March 18 report from the U.S. Energy Information Administration. The growth in renewable energy can be attributed to a rise in new wind and solar power generation assets. Growth in wind and solar assets is…...
The U.S. Court of Appeals for the District of Columbia Circuit on March 11 ruled that the Federal Energy Regulatory Commission inadequately examined downstream emissions when it authorized Tennessee Gas Pipeline Co.’s natural gas pipeline expansion project in Massachusetts. The court found that the commission’s environmental assessment failed to account for the reasonably foreseeable indirect…...
U.S. President Joe Biden announced on March 8 that the U.S. will ban imports of Russian oil and gas and energy, “targeting the main artery of Russia’s economy.” This is latest action taken by the Biden administration in response to Russia’s invasion of Ukraine that began nearly two weeks ago. Biden noted that the effort…...
Russia’s attack on Ukraine has roiled global markets, causing oil prices to soar at a time when the world is recovering from the economic fallout of the COVID-19 pandemic. The conflict, entangled with the global energy crisis, has been met with heavy economic sanctions from the U.S. and most European countries. Companies across the oil and gas value chain have also announced plans to abandon investments in Russia.
A group of 18 U.S. Senators on March 3 introduced legislation called the “Ban Russian Energy Imports Act” aimed to prohibit the import of Russian crude oil, petroleum, petroleum production, liquified natural gas and coal, following Russia’s invasion of Ukraine. The bill would declare a national emergency with respect to Russian aggression and at once…...
Oil and natural gas will remain the dominant sources of energy in the U.S. through 2050, according to the Energy Information Administration’s 2022 annual energy outlook released on March 3. U.S. petroleum consumption is expected to grow by 0.5 percent per year to 22.3 million barrels per day by 2050 and domestic gas consumption by…...
Russia’s invasion of Ukraine has been met with heavy economic sanctions from the U.S. and most European countries, while companies across the oil and gas value chain have announced plans to abandon investments in Russia. The Railroad Commission of Texas has also shown its support to encourage oil and gas companies to discontinue business associations…...
The Federal Energy Regulatory Commission on Feb. 17 issued two policy statements intended to enhance the legal durability of its natural gas project certifications and decisions. The first one, an update to the 1999 policy for the certification of new interstate natural gas projects, incorporates landowner protections and environmental justice considerations in the decision-making process…....
Prices for crude oil are projected to remain high enough to drive record output in the U.S. in 2023, reaching 12.6 million barrels a day, according to a Feb. 16 report from the U.S. Energy Information Administration (EIA). The Permian Basin is expected to contribute to the growth of overall crude oil production. According to…