Russian invasion of Ukraine and West’s economic sanctions roil global energy markets Energize Weekly, March 9, 2022 The Russian invasion of Ukraine and the broad sanctions by western nations in its wake are roiling energy markets from Europe to Asia and may lead to structural changes in regional and global energy markets, according to analysis…
Global methane emissions seriously under reported, IEA analysis finds Energize Weekly, March 2, 2022 Global energy sector methane emissions are an estimated 70 percent higher than the figures reported by countries to the United Nations, according to the International Energy Agency (IEA). Nations report emissions to the United Nations Framework Convention on Climate Change (UNFCCC),…
After a record-breaking 2021, global EV sales are set for another surge in 2022 Energize Weekly, February 9, 2022 After a record-breaking 2021, global electric passenger vehicle (EV) sales are poised to surge again in 2022, reaching 10.5 million, a nearly 60 percent annual increase, according to new analyses of the market. In 2021, the…
Cleantech investments soar to a record $755 billion in 2021, BNEF says Energize Weekly, February 2, 2022 A record $755 billion was invested in energy-transition technologies in 2021 – a 27 percent increase over 2020, according to energy consultant BloombergNEF (BNEF). In addition, climate-tech companies raised $165 billion in equity financing from public markets and…
Oil and Gas M&A activity rebounds in 2021, but is still off pre-pandemic pace Energize Weekly, January 19, 2022 Oil and gas industry upstream mergers and acquisitions (M&A) rebounded in 2021 rising 25 percent to $66 billion compared to pandemic-hobbled 2020, according to a report by industry analyst Enverus. After a slow beginning, activity picked…
Pandemic-hobbled economy in 2020 led to the lowest U.S. carbon emissions in 37 years Energize Weekly, January 5, 2022 The COVID pandemic depressed U.S. economic activity so much in 2020 that carbon emissions dropped to their lowest level since 1983, with an 11 percent decrease in emissions over 2019 to 4.6 billion metric tons, according…
After two years of belt tightening, shale drillers’ capital budgets are set to rise in 2022 Energize Weekly, December 29, 2021 The shale oil sector’s recent financial recipe of generating cash flow and tamping down capital expenditures may change in 2022 as drilling budgets increase due to factors ranging from inflation to higher oil prices.…
U.S. set to become the world’s largest LNG exporter with Asia and Europe as its biggest customers Energize Weekly, December 15, 2021 The U.S. is poised to become the world’s largest liquified natural gas (LNG) exporter in 2022 with the addition of two new liquefaction units coming online along the Louisiana Gulf Coast, according to…
U.S. grid ready for winter, NERC says, New England and California may face fuel pinch Energize Weekly, December 1, 2021 Winter electricity-generating resources across the North American grid are forecast to be adequate, although weather and fuel access issues may create challenges for New England, California and parts of Canada. Those regions were highlighted by…
Nuclear power plant operators want to run for eight decades, but a federal lab in Washington state found ‘critical gaps’ in knowledge about how reactors age Nov. 1, 2021 Federal regulators have embarked on a new era of relicensing that could eventually enable Washington’s Columbia Generating Station and many other U.S. nuclear power plants to…
Climate-driven weather disasters threaten global energy infrastructure, IEA says Energize Weekly, October 20, 2021 Energy and infrastructure systems built over the last century are becoming more vulnerable to the ravages of climate change-driven extreme weather events, according to a series of reports. “Extreme weather events over the past year have highlighted the risks of unchecked…
World energy consumption to rise 50 percent by 2050 with fossil fuels still dominant, EIA says Energize Weekly, October 13, 2021 Global energy consumption is forecast to increase 50 percent over the next 30 years if no policies or new technologies are introduced to curb demand, according to the U.S. Energy Information Administration (EIA). The…
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