The monthly U.S. natural gas spot price on the U.S. benchmark Henry Hub has largely followed a downward price trend so far in 2023, however these lower wholesale gas prices are not directly being translated into lower commodity rates for residential customers, according to an Sep. 19 report from the U.S. Energy Information Administration. U.S…....
China imported record volumes of crude oil during the first six months of 2023, according to an Sep.18 report from the U.S. Energy Information Administration. During the first half of 2023, China imported an average of 11.4 million barrels of crude oil per day, a 12 percent increase compared to the same period last year. …...
The Bureau of Ocean Energy Management on Sept. 11 announced the completion of its environmental review of the proposed Empire Wind Farm Project off New York. The proposal, a joint venture of Equinor ASA and bp plc, consists of Empire Wind 1 and Empire Wind 2, which together are expected to generate up to 2,076…...
U.S. Commercial structures in cold temperatures were over five times more energy intensive than hot climates for space heating, according to an Sept. 6 report from the U.S. Energy Information Administration. The agency determines space heating energy intensity projections for each building category by dividing total usage of key energy fuels, such as electricity, fuel…...
U.S. production capacity of renewable diesel and other biofuels reached 3 billion gallons per year in January 2023, exceeding the production capacity for U.S. biodiesel for the first time, according to the U.S. Energy Information Administration. The growth in production capacity of renewable diesel and other biofuels can be attributed to increasing targets for state…...
The U.S. Department of Interior’s first offshore wind auction in the Gulf of Mexico resulted in one lease area receiving a high bid of $5.6 million, according to an Aug. 29 press release. RWE, a company based in Germany, won the rights to a 102,480-acre Lake Charles, Louisiana that has the capacity to produce around…
Solar panel shipments in the U.S. increased by 10 percent in 2022, compared to 2021 and set a record high of 31.7 million peak kilowatts (kWp), according to an Aug. 29 report from the U.S. Energy Information Administration. U.S. solar shipments consisting of imports, exports and domestically produced and shipped panels have risen, in line…...
Food service buildings encompassing restaurants across the U.S. are on average almost four times more energy intensive than commercial buildings, according to an Aug. 28 report from the U.S. Energy Information Administration. The agency determines energy intensity for each building category by dividing total usage of key energy fuels, such as electricity, fuel oil and…...
Natural gas fired generation has accounted for a larger share of the electricity generation in Florida over the past 20 years, according to the U.S. Energy Information Administration. Natural gas accounted for 31 percent of Florida’s electricity generation in 2022. The installation of 26.8 gigawatts (GW) of new and advanced natural gas fired capacity over…...
Wind power accounted for 22 percent of new electricity capacity installed in the U.S. last year, representing $12 billion in capital investment, according to wind energy market reports issued by the U.S. Department of Energy. The reports – 2023 offshore, land-based, and distributed wind market reports – show that wind power continues to be a…...
The Bureau of Ocean Energy Management will hold Gulf of Mexico oil and gas Lease Sale 261 on Sept. 27, 2023, according to a notice issued on Aug. 25. The sale will offer about 12,395 blocks on about 67 million acres on the U.S. Outer Continental Shelf in the Western, Central, and Eastern Planning Areas…...
The U.S. Department of the Interior on Aug. 22 announced its approval of the Revolution Wind project, a 704-megawatt wind farm to be built off the coast of Rhode Island. The project would have the ability to provide electricity for around a quarter of a million homes. The Revolution Wind Project is the department’s fourth…...