Spurred by high commodity prices, energy production revenues on federal lands surge Energize Weekly, November 16, 2022 Energy production on federal lands and offshore areas in 2022 generated $22 billion for the federal and state governments – the highest in revenues since 2008 and second highest in 39 years, according to the U.S. Department of…
Clean power installations hampered by supply and trade issues cool in Q3 of 2022 Energize Weekly, November 9, 2022 Wind, solar and storage installations for the third quarter of 2022 were the lowest in three years as developers struggled with supply chain and trade restrictions, according to a market report from the American Clean Power…
War in Ukraine is speeding a global energy transition, hobbling Russian exports, IEA says Energize Weekly, November 2, 2022 Global fossil fuel consumption and greenhouse gas emissions are slowing with oil, coal and natural gas either peaking or reaching a plateau by 2030, according to the International Energy Agency (IEA). The trend to cleaner energy…
Global carbon capture capacity set to grow sixfold by 2030, BloombergNEF says Energize Weekly, October 26, 2022 Global carbon capture capacity, with more than $3 billion invested in the technology this year, is set to increase sixfold from current levels by 2030, according to an analysis by energy research firm BloombergNEF. That increase, however, will…
A colder winter and higher energy prices will boost winter heating costs, EIA says Energize Weekly, October 19, 2022 American households will pay more for natural gas, electricity, heating oil and propane to heat their homes, spurred by increased energy prices and the forecast of a colder winter, according to the U.S. Energy Information Administration…
Despite pandemic and supply chain problems, utility-scale solar posts a record in 2021 Energize Weekly, October 12, 2022 A record 12.5 gigawatts (GW) of large, utility-scale photovoltaic solar projects came online in 2021 as the levelized cost of such projects has fallen 85 percent in the last 12 years, according to an analysis by the…
Threat of recession and drop in oil demand and prices worry Permian producers Energize Weekly, October 5, 2022 Even as oil production rebounds in the Permian Basin, industry executives are worried about a drop in demand due to a recession and remain dogged by rising costs and supply chain problems, according to a Federal Reserve…
Global coal-fired generation spikes in 2021, even as wind and solar reach new highs Energize Weekly, September 28, 2022 The world recorded an unprecedent spike in coal-fired generation in 2021 – even as wind and solar generation also reached record levels, according to a report by Bloomberg NEF and Bloomberg Philanthropies. Total global power production…
Old coal-fired power plants could gain a second life as sites for nuclear units, DOE says Energize Weekly, September 21, 2022 Old coal-fired power plants could have an economical, second life as sites for a new generation of nuclear power projects, according to a study by the U.S. Department of Energy (DOE). Siting nuclear capacity…
War and pandemic are leading to a surge in government support for fossil fuels, study says Energize Weekly, September 7, 2022 The combination of the COVID pandemic and the war in Ukraine has spurred an almost doubling in government support for fossil fuel production among major economies, according to an analysis by the International Energy…
Onshore and offshore U.S. wind development made big gains in 2021, DOE says Energize Weekly, August 31, 2022 Wind generation posted strong performances – both onshore and offshore – in 2021, according to U.S. Department of Energy (DOE) market reports. Land-based wind generation grew by 13.4 gigawatts (GW) in 2021 reflecting $20 billion in new…
Texas natural gas exports to Mexico hit a record but a regional shortage may loom Energize Weekly, August 24, 2022 West Texas natural gas exports to Mexico reached a record in May, but the combination of growing Mexican exports and new Gulf Coast liquified natural gas (LNG) terminals could leave the region short on gas…
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