Energize Weekly, January 8, 2020 Flaring of natural gas from wells in the Permian Basin, the largest shale field in the U.S., is on the rise, and industry executives say it is due to inadequate gathering line and pipeline capacity, according to a Federal Reserve Bank of Dallas survey. The Permian Basin, which straddles West…
Energize Weekly, January 8, 2020 The pace of oil and gas mergers and acquisition (M&A) increased in the fourth quarter of 2019, after a strong third quarter, but the year still ended with deals far off the 10-year average when adjusted for one mega-merger. There were $96 billion in M&A activity for 2019, according to…
Energize Weekly, January 8, 2020 The Hartford Financial Services Group said it will no longer insure or invest in companies mining or using coal or developing tar sands oil over concerns about risks linked to climate change. The company, based in Hartford, Conn., said it would not deal with companies that get 25 percent of…
Energize Weekly, January 8, 2020 Global coal demand in 2019 dropped, driven by coal-fired plant retirements in Europe and the U.S., but should be stable over the next five years due to growth in China and Asia, according to the International Energy Agency (IEA). The outlook for coal in the U.S. over the next five…
Energize Weekly, December 18, 2019 Onshore wind generating capacity in the U.S. reached 100 gigawatts (GW) at the end of September 2019, according to the federal Energy Information Administration (EIA). More than half the capacity has been installed since 2012. The oldest wind turbines still operating in the U.S. date back to 1975. Forty-one states…
Energize Weekly, December 18, 2019 Natural gas – while helping to lower overall greenhouse gas releases – has overtaken coal as a source of carbon dioxide emissions in the U.S. and the European Union, according to a report from the Global Carbon Project. While total fossil fuel emissions are projected to fall 1.7 percent in…
Energize Weekly, December 18, 2019 Worldwide investment in oil and gas production, estimated at $1.4 trillion over the next five years, will lock in carbon emissions that will make it impossible to meet the goals to limit global warming, according to a report by a coalition of environmental groups. “While capital expenditure (CapEx) on new…
Energize Weekly, December 18, 2019 NorthWestern Energy is set to file an application with the Montana Public Service Commission to purchase Puget Sound Energy’s share of the Colstrip power plant for $1. The deal helps Bellevue, Washington-based Puget Sound Energy meet a Washington state law requiring utilities to stop using coal-fired power by 2025, and…
Energize Weekly, December 18, 2019 U.S. shale oil production will continue to grow over the next few years, despite weak investment and commodity prices, while increases in shale gas production will slow. That is the picture drawn by an analysis of shale oil by Rystad Energy, an Oslo-based energy consultant, and natural gas forecast by…
Energize Weekly, December 11, 2019 The Trump administration’s tariffs on solar cells has blunted the growth in jobs, investment and generating capacity, according to a report by the Solar Energy Industries Association (SEIA). The analysis calculated that the industry has forgone 62,000 jobs, $19 billion in lost investment and missed building 10.5 gigawatts of new…
Energize Weekly, December 11, 2019 Employment in Texas’ Permian Basin – in a sign of cooling oil and gas activity – declined by 400 jobs through the first 10 months of 2019 after adding 16,700 jobs in 2018, according to the Federal Reserve Bank of Dallas. For the year, employment for the oil and gas…
Energize Weekly, December 11,2019 NV Energy has received the go-ahead from Nevada state regulators for 1,190 megawatts (MW) of new solar renewable energy twinned with 590 MW of energy storage. The new capacity – solar and storage – will be in three projects located in southern Nevada and are set to be in operation by…
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