The Bureau of Ocean Energy Management on Dec. 19 announced a proactive step in supporting the Biden-Harris administration’s renewable energy objectives by initiating a regional environmental review for potential development on five offshore wind lease areas off California’s central and north coasts. A wind energy auction for the five leases held last December drew competitive…...
The U.S. Energy Department on Dec. 18 announced a pioneering initiative, earmarking up to $530 million in competitive grants for technical assistance that not only aims to foster a skilled workforce and inclusive programs aligned with President Biden’s Justice40 Initiative but also seeks to expedite energy efficiency projects for the decarbonization of buildings. This initiative…...
The U.S. Environmental Protection Agency and Department of Energy have announced a conditional commitments for grant funding for 14 states to assist in both measuring and reducing methane emissions from the oil and gas sector. The states will receive a total of $350 million in formula grants, the first in the first in a series…...
The U.S. Department of Energy has announced a $2.25 billion funding opportunity to support carbon capture, utilization, and storage and carbon dioxide removal to reach climate goals. This marks the third opening of the Carbon Storage Validation and Testing program to support the transport and storage of carbon dioxide captured from industrial and power generation…...
Over 20 billion cubic feet per day (bcf/d) of gas pipeline capacity is being developed, completed to some extent or approved to transport gas to five U.S. liquified natural gas export terminals that are also currently under construction, according to the U.S. Energy Information Administration’s Natural Gas Pipeline Project Tracker. The five LNG terminals to…...
The U.S. Energy Department has released the first of three assessments on pathways to clean hydrogen production under its Hydrogen Shots initiative, which aims to lower the cost of clean hydrogen by 80 percent to $1 per kilogram by 2031. The report focuses on pathways to reach the goal through thermal conversion, a process that…...
Natural gas storage stocks in the Lower 48 United States will commence the winter heating season with the highest level of gas in storage since 2020, according to a Dec.7 report published by the U.S. Energy Information Administration. The U.S. has five percent higher stocks entering the winter period compared to the previous five-year average…...
Associated natural gas production from the highest three yielding tight oil plays in the Permian region (Wolfcamp, Spraberry and Bone Spring) averaged a total of 13.7 billion cubic feet per day (bcf/d) during the first seven months of 2023, nearly triple the production level of 4.7 Bcf/d in 2018, according to a Dec. 6 report…...
Fifty companies, representing over 40 percent of global oil production have committed to near-zero methane emissions and end routine flaring by 2030 under the Oil and Gas Decarbonization Charter (OGDC) launched at the 28th Conference of the Parties to the U.N. Framework Convention on Climate Change. The charter is part of series of initiatives launched…...
During the first half of this year, northbound crude oil flows through the Suez Canal and the SUMED pipeline rose by over 60 percent from 2020, due to an uptick in demand from Europe and the U.S. following the COVID-19 pandemic induced lows, according to a Dec. 4 report from the U.S. Energy Information Administration…....
The U.S. and 21 other countries from four continents have pledged to triple nuclear energy capacity globally by mid-century from 2020 levels at the 28th Conference of the Parties to the U.N. Framework Convention on Climate Change (COP28). The “Declaration to Triple Nuclear Energy,” unveiled on Dec. 2, recognizes the crucial role of nuclear energy…...
The New York State Energy Research and Development Authority on Nov. 30 announced the launch of the state’s fourth offshore wind solicitation as part of a 10-point action plan issued in October to support the growing large-scale renewable industry. The action plan outlines a comprehensive set of actions being taken to lay the foundation for…...
