New England Grid Operator Proposes Market-Based Solution to Energy Security Challenges

EnerKnol’s Visual Primer – New England Grid Operator Proposes Market-Based Solution to Energy Security Challenges

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The New England grid operator has proposed a long-term, market-based solution to the region’s energy security problem as the power generation fleet moves towards a mix of energy-limited resources. With the retirement of resources with stored fuel, the system is increasingly reliant on facilities that run on just-in-time natural gas deliveries and weather-dependent wind and solar energy. To address the ensuing challenge, the grid operator proposes to improve the current market structure by creating incentives for the region’s fleet to invest in the energy supply arrangements and technologies on which the region depends.

U.S. Court Issues Another Halt to Construction of $3-Billion Mountain Valley Natural Gas Pipeline

Michigan Commission to Decide on Siting Authority for Enbridge’s Line 5 Pipeline Segment

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The Michigan Public Service Commission deferred action on Enbridge Energy LP’s application seeking approval for the replacement of a pipeline segment under the Straits of Mackinac while it considers whether new siting authority is required to build the portion, according to an April 22 news release. Enbridge sought a declaratory ruling that it already has…...

U.S. Interior Department Issues Draft Review for Wyoming’s Carbon Dioxide Pipeline Initiative

U.S. Interior Department Issues Draft Review for Wyoming’s Carbon Dioxide Pipeline Initiative

Climate Change and Emissions, EnerKnol Impact-Misc Categories, EnerKnol Pulse, Oil, PRODUCTS

The Bureau of Land Management on April 17 released a draft environmental assessment of the Wyoming Pipeline Corridor Initiative, which seeks to designate nearly 2,000 miles of pipeline corridor network for projects associated with carbon capture, utilization and storage, as well enhanced oil recovery. The initiative, proposed by the State of Wyoming, encompasses pipeline corridors…...

U.S. EPA Reverses Finding That Formed Basis for Obama-Era Power Plant Mercury Rules

U.S. EPA Reverses Finding That Formed Basis for Obama-Era Power Plant Mercury Rules

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The U.S. Environmental Protection Agency on April 16 issued a final rule concluding that it is not appropriate and necessary to regulate hazardous air pollutant emissions from coal- and oil-fired power plants, rescinding a 2016 supplemental cost finding that formed the basis for the Mercury and Air Toxics Standards, or MATS. The agency said that…...

U.S. Energy Department Announces Sale of Up To 12 Million Barrels of Crude From Strategic Petroleum Reserve

U.S. Energy Department Negotiates Contracts to Store Surplus Crude Amid Falling Demand

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The U.S. Energy Department is negotiating contract awards with nine U.S. companies to store about 23 million barrels of crude oil in the Strategic Petroleum Reserve, or SPR, according to an April 16 news release. This act aims to relieve oil producer’s stress in dealing with excess production under the combined effects of COVID-19 pandemic…...

U.S. Interior Department Announces Colorado Oil, Gas Lease Sale

U.S. Interior Department Announces Colorado Oil, Gas Lease Sale

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The U.S. Interior Department’s Bureau of Land Management announced a proposal to offer 45 parcels of land, totaling about 67,244 acres located on Jackson, Las Animas, Rio Blanco, and Weld Counties, at the September quarterly oil and gas lease sale, according to a Mar. 31 news release. The agency is seeking public input on issues…

U.S. Energy Department Announces Sale of Up To 12 Million Barrels of Crude From Strategic Petroleum Reserve

U.S. Energy Department Allows Access to Strategic Petroleum Reserve Storage for Surplus Crude Amid Falling Demand

EnerKnol Impact-Misc Categories, EnerKnol Pulse, Oil, PRODUCTS

The U.S. Energy Department on April 2 announced a solicitation to make 30 million barrels of the Strategic Petroleum Reserve’s storage capacity available to oil producers amid an unprecedented drop in demand caused by the COVID-19 economic impacts, as well as the intentional disruption of oil markets by foreign actors. The agency said that a…...

EIA Oil Market Volatility

Oil Market Volatility Hits Record High Amid COVID-19 Economic Crisis: EIA

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Since the beginning of this year, crude oil prices fell significantly in response to the economic contraction caused by the COVID-19 pandemic and the sudden crude oil glut after the Organization of the Petroleum Exporting Countries and partner countries suspended agreed production cuts. Daily price changes for the U.S. benchmark crude oil West Texas Intermediate…...

U.S. Biofuel Production Projected to Grow Through 2050

U.S. Biofuel Production Projected to Grow Through 2050: EIA

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U.S. biofuel production is projected to grow by 18 percent in 2050, relative to 2019 levels, under the reference case, which reflects current laws and regulations in the U.S. Energy Information Administration’s Annual Energy Outlook. The growth is driven largely by economic and policy factors, according to the agency’s March 9 report. In a scenario…...

U.S. Energy Department Announces Sale of Up To 12 Million Barrels of Crude From Strategic Petroleum Reserve

U.S. Energy Department Announces Sale of Up To 12 Million Barrels of Crude From Strategic Petroleum Reserve

EnerKnol Impact-Misc Categories, EnerKnol Pulse, Oil, PRODUCTS

The U.S. Energy Department on Feb. 28 issued a notice of sale of crude oil from three Strategic Petroleum Reserve, or SPR, sites – Bryan Mound and Big Hill in Texas, and West Hackberry in Louisiana. In fiscal year 2020, the Energy Secretary is authorized to sell up to $450 million worth of oil from…...

U.S. Agriculture Department Announces 30 Percent Biofuel Target for 2050

U.S. Agriculture Department Announces 30 Percent Biofuel Target for 2050

Climate Change and Emissions, EnerKnol Impact-Misc Categories, EnerKnol Pulse, Oil

The U.S. Agriculture Department on Feb. 20 announced a goal to boost biofuel production efficiency and competitiveness to achieve market-driven blend rates of 30 percent of transportation fuels by 2050. The goal is part of a department-wide initiative, which aims to increase farm production by 40 percent, while cutting the sector’s environmental footprint by 50…

North Dakota Regulators Approve Project to Double Dakota Access Pipeline Capacity

North Dakota Regulators Approve Project to Double Dakota Access Pipeline Capacity

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The North Dakota Public Service Commission on Feb. 19 granted a permit allowing Energy Transfer Partners to add a pump station designed to increase the capacity of its Dakota Access Pipeline from 600,000 barrels per day to up to 1.1 million barrels of crude oil per day. The 1,172-mile pipeline, which has been operating since…