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…...
The U.S. Energy Department on Nov. 27 announced $275 million in grant selections for seven projects to strengthen clean energy supply chains and revitalize communities impacted by coal mine or coal power plant closures. The projects will leverage over $600 million in private sector investments in small- and medium-sized manufacturers and create nearly 1,500 jobs…....
The Electric Reliability Council of Texas (ERCOT) has canceled a procurement from a request for proposals for additional generating capacity this winter due to limited market response. The grid operator received only 11.1 megawatts of potentially eligible capacity, while it sought to procure up to 3 gigawatts of additional capacity that could be called upon…...
President Biden has announced the release of the Fifth National Climate Assessment report, or NCA5, which evaluates changes in the climate and its impacts, as well as options to lower present and future risk. Biden also announced more than $6 billion in investments to support climate resilience including strengthening the aging power grid infrastructure, lowering…...
North America’s liquefied natural gas export capacity is expected to increase to 24.3 billion cubic feet per day (Bcf/d) by 2027, according to a Nov. 13 report published by the U.S. Energy Information Administration. Currently, North American LNG export capacity stands at 11.4 Bcf/d. The increase in LNG export capacity can be attributed to Canada…
The Florida Public Service Commission on Nov. 9 authorized continued funding for natural gas pipeline replacement programs, in order to enhance the safety of the state’s energy infrastructure. Programs that will receive funding in 2024 include: Florida Public Utilities Company’s Gas Utility Access and Replacement Directive, or GUARD, program Peoples Gas System’s Cast Iron/Bare Steel…...
U.S. coal exports to Europe increased by 22 percent to 33.1 million short tons (MMst) between August 2022 and July 2023, compared to the same period before the implementation of EU sanctions on coal from Russia (August 2021 – July 2022), according to a Nov. 2 report published by the U.S. Energy Information Administration. In…...
The U.S. Department of Agriculture’s Forest Service on Nov. 3 issued a proposed rule that would enable the agency to consider carbon capture and sequestration projects on national forests and grasslands. This move aims to align the regulatory structure with the U.S. Department of Interior’s Bureau of Land Management and meet President Biden’s ambitious goal…...