The Pennsylvania Senate on Sept. 9 voted in favor of a bill that would require legislative approval before the state can impose a carbon tax or join a multi-state carbon-trading program. The House of Representatives approved the legislation in July. The move comes ahead of a Sept. 15 meeting of the state’s Environmental Quality Board…
Proposals to accelerate the phase-out of coal-fired generation appear more prominently in long-term resource plans of U.S. electric utilities, reflecting the growing shift to renewable energy. The transition from coal continues to be driven by state clean energy mandates, emissions reduction goals, low natural gas prices, and increased availability of low-cost renewables and storage resources.
Duke Energy Carolinas LLC and Duke Energy Progress LLC on Sept. 1 unveiled their 15-year integrated resource plans for the Carolinas, presenting a range of scenarios with accelerated coal retirement options and substantial increases in solar, wind, and energy storage technologies. The proposal details six generation portfolios that would keep Duke Energy Corp. on a…...
U.S. petroleum refineries significantly altered operations in response to plummeting demand for motor gasoline and jet fuel, both of which have fallen to near-all-time lows because of efforts to mitigate the COVID 19 pandemic, according to an Aug. 28 report from the U.S. Energy Information Administration. Beginning in April, refiners responded to less demand for…...
The Bureau of Land Management’s quarterly oil and gas lease sale in New Mexico generated net proceeds of $8.28 million, according to an Aug. 28 press release. Nearly half the revenue from the sale is allotted to the states where the oil and gas activity takes place namely, New Mexico, Oklahoma and Texas. The remainder…...
North Dakota’s crude oil output fell by 41.6 percent between December 2019 and May 2020, a much larger decline than it would have been if producers ceased new drilling and allowed production from existing wells to drop naturally, according to an Aug. 20 report from the U.S. Energy Information Administration. The decline is largely attributed…...
The U.S. Interior Department on Aug. 17 issued a decision approving oil and gas leasing activities in the 1.56 million-acre Coastal Plain area in Alaska’s 19.3 million Arctic National Wildlife Refuge. The move follows the 2017 Tax Cuts and Jobs Act, which directed the Secretary of the Interior to establish a competitive program for the…...
The U.S. Interior Department’s Bureau of Land Management on Aug. 14 issued a final environmental review for ConocoPhillips Alaska Inc.’s proposed Willow Master Development Plan, an oil and gas development project in the National Petroleum Reserve in Alaska. The project is expected to produce up to 590 million total barrels of oil during its 30-year…...
The Bureau of Land Management on July 29 proposed revisions to three regulations on oil and gas production, measurement, and reporting, in a bid to reduce bureaucracy and provide accurate royalties for ratepayers. The move stems from the bureau’s review of 2016 rules, following a 2017 executive order that directed agencies to ensure that regulations do…...
The U.S. Energy Department on July 29 awarded $100 million for two multi-institutional research initiatives focused on producing fuels from sunlight under a five-year program. The agency also announced another $68 million over the same duration for projects aimed at supporting sustainable bioenergy production. The multi-institutional partnerships under the Fuels from Sunlight Energy Innovation Hub…...
U.S. petroleum demand is projected to see a widespread dip for the rest of the 2020 calendar year, according to a July 20 report from the U.S. Energy Information Administration. The forecast was the conclusion of successive decreases in demand through March and April 2020 primarily as a consequence of the COVID-19 pandemic. The EIA’s…...
The U.S. Interior Department proposed to offer all available unleased areas in federal waters in the Gulf of Mexico for oil and gas leasing in November, according to a July 17 press release. The auction marks the seventh offshore sale under the 2017-2022 leasing program. The sale was initially scheduled for August, but was postponed…...