By Mark Jaffe, EUCI energy writer Frosty New England may not seem the best region for full-scale home-heating electrification, but while such a move might double demand, it could reduce the combined cost of natural gas and electricity by 29%, according to a Massachusetts Institute of Technology (MIT) study. With its cold winters, significant rural…
By Mark Jaffe, EUCI energy writer U.S. oil and gas upstream mergers and acquisitions reached $105 billion in 2024 – the third highest total in more than a decade – even as deals cratered in the second half of the year, according to Enverus Intelligence Research. In the fourth quarter of 2024, activity was $9.6…
By Mark Jaffe, EUCI energy writer A combination of demand for refined products and limited refining capacity will keep margins high through 2035 for the global refining industry, but a drop in demand for gasoline and the rise in biofuels will pressure the sector after 2040, according to consultant Rystad Energy. “Refining margins are expected…
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