Energize Weekly, January 20, 2021 After being hobbled by an economy and commodity prices weakened by the novel coronavirus pandemic, merger activity among oil and gas production companies rebounded in the second half of 2020, according to Enverus, an industry analytics firm. Total activity for 2020 was $52 billion, powered by $27 billion in activity…
Energize Weekly, January 13, 2021 After a punishing year, oil and gas activity in a swatch of oil county from Louisiana through Texas to New Mexico rebounded in the fourth quarter of 2020, according to a survey by Dallas Federal Reserve Bank. The bank queried oil company executives in its region and calculated that its…
Energize Weekly, January 6, 2021 The U.S set a record for flaring of gas at well sites in 2019 and was part of a global pollution problem created by a handful of oil-producing countries, according to two energy agencies. An average of 1.48 billion cubic feet of gas was vented or flared daily in the…
Energize Weekly, December 30, 2020 Coal demand slipped an estimated 5 percent in 2020 – the largest annual decline since the Second World War – but the fuel is projected to rebound in 2021 on demand from China and Asia, according to the International Energy Agency (IEA). The 2020 decline follows a 1.8 percent drop…
Energize Weekly, December 23, 2020 The U.S. solar industry – led by utility-scale projects – rebounded in the third quarter from its midyear pandemic doldrums, according to an industry market report by consultant Wood Mackenzie and the Solar Energy Industries Association (SEIA). Solar’s performance is part of a broader trend showing the strong performance of…
Energize Weekly, December 16, 2020 Energy efficiency gains slowed to their lowest level in a decade in 2020, and feeling the impact of the novel coronavirus pandemic, energy efficiency investment is projected to be down 9 percent year-on-year to $227 billion in 2020, according to the International Energy Agency (IEA). Energy intensity, a measure of…
Energize Weekly, December 9, 2020 Coal mining and coal-fired electricity generation in the U.S. and Europe continues to decline, but in Asia, coal-fired demand is projected to increase through 2030 thanks to national policies and Chinese financing. In the U.S., coal mine production capacity fell in 2019 to 590 million short tons – a 28…
Energize Weekly, December 2, 2020 Colorado has adopted the strongest oil and gas regulations in the country and reoriented its oversight agency from “fostering” oil and gas development to “regulating” the industry to protect public health, safety, the environment and wildlife. After more than a year of hearings and negotiations, the Colorado Oil and Gas…
Energize Weekly, November 25, 2020 New regulations to cut carbon emission from ocean cargo ships adopted last week by the United Nation’s maritime organization drew immediate fire from environmentalist and analysts who said they will do little to curb pollution. The International Maritime Organization (IMO) approved rules requiring short-term technical and operational actions – such…
Energize Weekly, November 18, 2020 The novel coronavirus pandemic has taken a toll on the global economy and the energy industry, but renewable energy generation set records in 2020, according to two analyses. The International Energy Agency (IEA) reported that new, installed renewable generation worldwide set a record, as did the amount of renewable electricity…
Energize Weekly, November 11, 2020 Election returns on state and local energy issues were both literally and figuratively all over the map last week on issues ranging from renewable energy to oil and gas taxes. Voters in Alaska rejected a tax on oil operations while the industry was denied a tax break in Louisiana. Columbus,…
Energize Weekly, November 4, 2020 After weak third quarter in 2020 for oil and gas industry mergers and acquisition, one of the worst in 10 years, the fourth quarter opened with a string of big deals – a sign that the sector remains under pressure to consolidate, according to analysts. “There is a broad consensus…
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