U.S. companies have finalized four 20-year agreements with Japan’s JERA Co. to supply up to 5.5 million tons per year of liquefied natural gas, according to a June 11 press release from the U.S. Energy Department. The deals are expected to support over 50,000 U.S. jobs and contribute more than $200 billion to U.S. GDP,…...
The Washington Department of Ecology on June 11 reported that all available emissions allowances were sold in the state’s tenth quarterly carbon auction, reinforcing the program’s stability and effectiveness. With this auction, total revenue generated for climate-focused initiatives has now reached nearly $3.2 billion since the program was launched in early 2023. The latest auction…...
Atlantic Shores Offshore Wind has filed a petition with the New Jersey Board of Public Utilities requesting consent to terminate its 1,509.6-megawatt offshore wind contract off the coast of New Jersey, citing legal and financial impracticability stemming from a federal permitting freeze and inflationary pressures. The request follows the withdrawal of a critical air permit…...
Amazon announced a landmark plan on June 9 to invest at least $20 billion in Pennsylvania to expand its data center infrastructure, aiming to support the accelerating demand for artificial intelligence (AI) and cloud computing technologies. The initiative marks the largest private sector investment in the state’s history and is expected to create over 1,250…...
U.S. total energy production surpassed 103 quadrillion British thermal units in 2024, up one percent from the previous record set last year, according to a June 9 report published by the U.S. Energy Information Administration. Solar, wind, biofuels, natural gas, natural gas plant liquids, crude oil each reached domestic production highs in 2024. The largest…...
Crude oil production in the Federal Offshore Gulf of America is projected to average 1.80 million barrels per day (b/d) during 2025 and 1.81 million b/d during 2026, marginally higher than 1.77 million b/d during 2024, according to a June 6 report published by the U.S. Energy Information Administration. The agency projects natural gas production…...
The 68th quarterly carbon auction of the Regional Greenhouse Gas Initiative, or RGGI, the nation’s first market-based emissions regulation program, sold all of the more than 15.2 million CO2 allowances offered at a clearing price of $19.63, according to results released on June 6. This is slightly below the $19.76 clearing price in the previous…...
The U.S. Interior Department on June 4 announced the availability of over $119 million in fiscal year 2025 abandoned mine land reclamation fee-based grants for eligible tribes and states. The announcement is in sync with U.S. President Donald Trump’s commitment to unleashing American energy and revitalizing the U.S. coal industry. AML reclamation assists with employment…...
U.S. biodiesel and renewable diesel production declined significantly during the first quarter of 2025, due to negative profit margins and ambiguity regarding federal biofuel tax credits, according to a June 4 report published by the U.S. Energy Information Administration. The agency projects production of both fuels to rise during the remainder of 2025, but biodiesel…...
U.S. crude oil production has increased by more than threefold since January 2010, in line with tight oil production growth in the Permian region, according to a June 2 report published by the U.S. Energy Information Administration. Onshore crude oil production entails both newer tight oil production, mostly from horizontally drilled wells and legacy oil…...
The U.S. Energy Department on May 29 approved a final authorization for liquefied natural gas (LNG) exports to non-free trade agreement (non-FTA) countries from Port Arthur LNG Phase II, Texas. This is the first final LNG export approval under U.S. President Donald Trump’s authority and outlines a significant step in reinstating LNG export permits, reversing…...
ISO New England Internal Market Monitor (IMM) reported that the region’s wholesale electricity markets remained competitive and efficient in 2024, despite a notable increase in prices driven by carbon emissions costs and a sharp decline in energy imports. The findings, published in the ISO’s 2024 Annual Markets Report, released on May 29, offer a detailed…...