Oil industry mergers and acquisitions bounce back in the second quarter of 2021

Oil industry mergers and acquisitions bounce back in the second quarter of 2021

Oil industry mergers and acquisitions bounce back in the second quarter of 2021 Energize Weekly, July 21, 2021 Mergers and acquisitions among oil and gas producers rebounded in the second quarter of 2021 with more than 40 deals totaling $33 billion, with seven deals each worth more than $1 billion,…

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Western drought hurts hydropower production, California among the hardest hit states

Western drought hurts hydropower production, California among the hardest hit states

Western drought hurts hydropower production, California among the hardest hit states Energize Weekly, July 14, 2021 The drought conditions smothering the West are crippling hydropower production with hydro-generation’s share of energy production forecast to be 6.5 percent this year – the lowest it has been since 2015, according to the…

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More than half the U.S. faces electricity supply problems in the face of a long, hot summer

More than half the U.S. faces electricity supply problems in the face of a long, hot summer

More than half the U.S. faces electricity supply problems in the face of a long, hot summer Energize Weekly, July 7, 2021 More than half the U.S. – primarily in the West, Texas, Midwest and to a lesser extent, New England – is at risk of energy emergencies this summer,…

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IOUs cut carbon emissions in 2020, though the footprint remains big for some

IOUs cut carbon emissions in 2020, though the footprint remains big for some

IOUs cut carbon emissions in 2020, though the footprint remains big for some Energize Weekly, June 30, 2021 Coal-fired generation and carbon emissions are down among the largest investor-owned utilities, but even with sharp drops in emissions, the carbon footprint for some companies remains large, according to survey data from…

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U.S. shale oil companies keeping production and budgets tight 2021 and beyond

U.S. shale oil companies keeping production and budgets tight 2021 and beyond

U.S. shale oil companies keeping production and budgets tight 2021 and beyond Energize Weekly, June 9, 2021 U.S. shale drillers are continuing to limit production and spending with the return to pre-pandemic levels years off, according to Oslo-based energy analyst Rystad Energy. Oil output is projected to drop 5.2 percent, about…

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Queue for electric generation and storage projects is growing across the U.S.

Queue for electric generation and storage projects is growing across the U.S.

Queue for electric generation and storage projects is growing across the U.S. Energize Weekly, June 2, 2021 The queue of electricity generation and storage projects is growing year-on-year, reaching a total of 950 gigawatts (GW) of capacity by the end of 2020, according to a survey by the Lawrence Berkeley National Laboratory.…

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Oil and gas market rebound underpinned by market discipline at home and abroad

Oil and gas market rebound underpinned by market discipline at home and abroad

Oil and gas market rebound underpinned by market discipline at home and abroad Energize Weekly, May 26, 2021 Oil and natural gas have seen a rebound in 2021 but those gains are delicately balanced on market discipline in both global and domestic markets, according to an assessment by industry analyst…

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Rising natural gas prices boost coal production and summer coal-fired generation

Rising natural gas prices boost coal production and summer coal-fired generation

Rising natural gas prices boost coal production and summer coal-fired generation Energize Weekly, May 19, 2021 A steady rise in natural gas prices since the start of 2021 has given the U.S. coal industry a boost as electric utilities, the nation’s prime coal consumer, are set to switch to coal-fired…

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Pandemic leads to solar industry job losses, as installations set a record

Pandemic leads to solar industry job losses, as installations set a record

Pandemic leads to solar industry job losses, as installations set a record Energize Weekly, May 12, 2021 Solar industry employment dropped 6.7 percent last year to 231,474, despite a record-setting year for installations, according to the 2020 National Solar Jobs Census. The cross trends are explained by increases in labor productivity…

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Biden administration to provide $8.25 billion in loans for grid overhaul

Biden administration to provide $8.25 billion in loans for grid overhaul

Biden administration to provide $8.25 billion in loans for grid overhaul Energize Weekly, May 5, 2021 In an effort to jumpstart the overhaul of the nation’s electric grid, the Biden administration has announced two new initiatives – including $8.25 billion in federal loans. “After the Texas transmission debacle this winter,…

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Global energy demand is forecast to rebound in 2021, IEA says

Global energy demand is forecast to rebound in 2021, IEA says

Global energy demand is forecast to rebound in 2021, IEA says Energize Weekly, April 28, 2021 Global energy production and demand is set to rebound from their pandemic doldrums in 2021with energy consumption up 4.6 percent, according to the International Energy Agency (IEA). The agency said in its annual Global…

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Cost of winterizing Texas electricity grid worth the expense, Dallas Federal Reserve says

Cost of winterizing Texas electricity grid worth the expense, Dallas Federal Reserve says

Cost of winterizing Texas electricity grid worth the expense, Dallas Federal Reserve says Energize Weekly, April 21, 2021 The cost of weatherizing the Texas electric power system – which faced a major collapse during a February freeze – could run into hundreds of millions of dollars, but the expense would…

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U.S. cities and towns made deals for a record 3.7 gigawatts of renewables in 2020

U.S. cities and towns made deals for a record 3.7 gigawatts of renewables in 2020

Energize Weekly, April 7, 2021 Cities and towns across the U.S. installed or purchased a record 3.7 gigawatts of renewable energy capacity in 2020, a 23 percent increase over 2019, according to the clean energy consultant, RMI. The RMI analysis was based on data from the Local Government Renewables Action…

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U.S. onshore oil and gas drilling rebounds with smaller, private operators leading the way

U.S. onshore oil and gas drilling rebounds with smaller, private operators leading the way

Energize Weekly, March 31, 2021 U.S. onshore oil and gas drilling showed signs of recovery in the fourth quarter of 2020 and the first few months of 2021 – sparked by a rebound in oil prices and strong activity among private companies, according to a Colorado School of Mines report.…

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Electric grid threatened by climate change, federal agencies need to do more, GAO says

Electric grid threatened by climate change, federal agencies need to do more, GAO says

Energize Weekly, March 17, 2021 Climate change – the heat waves, flooding, droughts, and hurricanes it may bring – poses a multibillion-dollar threat to the country’s aging electric grid, according to a report from the U.S. Government Accountability Office (GAO). Without significant efforts to upgrade the grid and make it…

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Federal lands drilling moratorium could tip activity toward Texas and away from New Mexico

Federal lands drilling moratorium could tip activity toward Texas and away from New Mexico

Energize Weekly, March 10, 2021 The Biden administration’s moratorium on federal lands oil and gas leasing and its review of future leasing could lead to a stark shift in activity to Texas from New Mexico in the Permian Basin, according to a Federal Reserve Bank of Dallas analysis. Half of…

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Xcel Energy plans to transform its Colorado grid, boosting renewables and closing coal plants

Xcel Energy plans to transform its Colorado grid, boosting renewables and closing coal plants

Energize Weekly, March 3, 2021 Xcel Energy – in one of the country’s most sweeping initiatives to reconfigure a gird – has announced an $8 billion plan to double its renewable energy generation and storage in Colorado, add transmission and close all its coal-fired power plants in the state by…

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Collapse of the natural gas system from wellhead to turbine fueled Texas’ blackout

Collapse of the natural gas system from wellhead to turbine fueled Texas’ blackout

Energize Weekly, February 24, 2021 The near collapse of Texas’ electric grid was caused in the main by a failure of the natural gas system from the wellhead to pipeline to gas turbine, according to an analysis by the International Energy Agency (IEA). “Texas has a power shortage because it…

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European oil companies changing names and shifting their focus to alternative energy

European oil companies changing names and shifting their focus to alternative energy

Energize Weekly, February 17, 2021 European oil companies are continuing their push to reorient and rebrand themselves as comprehensive energy companies and not just producers of oil and natural gas. On Feb. 9, French oil company Total announced it was changing its name to TotalEnergies to reflect a broader strategy…

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U.S. energy consumption will take years to rebound from pandemic, EIA says

U.S. energy consumption will take years to rebound from pandemic, EIA says

Energize Weekly, February 10, 2021 It will take years for U.S. energy consumption and carbon dioxide emissions to return to 2019 levels after the severe impact of the COVID-19 pandemic on the country’s economy and the global energy sector, according to the federal Energy Information Administration (EIA). Energy consumption in…

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U.S. wind and solar generation set to soar in 2021, as coal-fired and nuclear plants close

U.S. wind and solar generation set to soar in 2021, as coal-fired and nuclear plants close

Energize Weekly, January 27, 2021 The U.S. electricity generation fleet will continue its transformation in 2021 with wind and solar dominating new installations and nuclear and coal-fired plants steadily being retired, according to the federal Energy Information Administration (EIA). Power plant developers and utilities are planning for 39.7 gigawatts (GW)…

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Oil and gas merger activity rebounds in Q4, but a pandemic hangover lingers

Oil and gas merger activity rebounds in Q4, but a pandemic hangover lingers

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…

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Oil and gas activity rebounds in the Permian Basin but economic pressure persists

Oil and gas activity rebounds in the Permian Basin but economic pressure persists

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…

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Gas flaring is a problem from Texas’ Permian Basin to Russia’s Siberian oil fields

Gas flaring is a problem from Texas’ Permian Basin to Russia’s Siberian oil fields

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…

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Global energy efficiency gains slow in 2020, hobbled by coronavirus pandemic

Global energy efficiency gains slow in 2020, hobbled by coronavirus pandemic

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).…

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Coal continues its decline in the U.S. and Europe and its rise in Southeast Asia and India

Coal continues its decline in the U.S. and Europe and its rise in Southeast Asia and India

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…

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Colorado adopts sweeping oil and gas rules, banning flaring, creating a 2,000-foot setback

Colorado adopts sweeping oil and gas rules, banning flaring, creating a 2,000-foot setback

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,…

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UN rules to reduce carbon emissions from ocean vessels draw fire for being ineffective

UN rules to reduce carbon emissions from ocean vessels draw fire for being ineffective

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…

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Voters weigh in on local and state energy issues from renewable energy to oil and gas taxes

Voters weigh in on local and state energy issues from renewable energy to oil and gas taxes

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…

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Weak oil and gas markets forcing mergers and bankruptcies among shale operators

Weak oil and gas markets forcing mergers and bankruptcies among shale operators

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.…

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A Biden plan would speed a clean energy transition, but have limited impact on oil

A Biden plan would speed a clean energy transition, but have limited impact on oil

Energize Weekly, October 28, 2020 As Election Day nears, analysts are starting to focus on what the administration of front-running Joe Biden will mean for energy and find it could accelerate the decline of coal, stabilize near-term oil markets, as well as boost renewables and new jobs. A Biden administration,…

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Fossil fuel demand drops in 2020 with a limited rebound in 2021, IEA says

Fossil fuel demand drops in 2020 with a limited rebound in 2021, IEA says

Energize Weekly, October 21, 2020 The global pandemic will cut worldwide energy demand 5 percent in 2020 and result in an 18 percent decline in energy investment, according to International Energy Agency (IEA) forecasts. If the novel coronavirus is brought under control in 2021, energy demand will return to its…

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Utilities are pledging zero-carbon emissions, but “the math doesn’t yet add up”

Utilities are pledging zero-carbon emissions, but “the math doesn’t yet add up”

Energize Weekly, September 30, 2020 A growing number of investor-owned utilities (IOUs) have pledged to sharply reduce their carbon emissions or even cut them to zero, but two studies have found a gap between the pledges and those utilities’ performance. Forty-three of the country’s 55 IOUs have emission-reduction targets, and…

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Two FERC decisions pose problems for renewable energy generation

Two FERC decisions pose problems for renewable energy generation

Energize Weekly, September 16, 2020 In a pair of September rulings, the Federal Energy Regulatory Commission (FERC) has undercut the development of clean energy projects, according to environmentalists and a dissenting commissioner. A Sept. 1, FERC decision limited the flexibility of small, renewable energy projects to get certification that assures…

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Could a Biden presidency be a boost to both the power sector and the oil and gas industry?

Could a Biden presidency be a boost to both the power sector and the oil and gas industry?

Energize Weekly, September 9, 2020 Joe Biden becoming president of the U.S. could be a boost for clean energy and perhaps somewhat ironically, for oil and gas – at least in the short run. That was the conclusion of energy industry consultants Wood Mackenzie and Rystad Energy in separate analyses.…

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Rural communities to get $865 million in infrastructure aid from USDA programs

Rural communities to get $865 million in infrastructure aid from USDA programs

Energize Weekly, August 26, 2020 The Trump administration, in the last three weeks, has announced $865 million in loans and grants to upgrade rural infrastructure – electric grids, water systems and broadband internet. The two largest programs are for water and wastewater systems – $462 million – and rural electrification…

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The ongoing pandemic and weak economy led to across-the-board energy production cuts

The ongoing pandemic and weak economy led to across-the-board energy production cuts

Energize Weekly, August 19, 2020 Projections for U.S. energy production in 2020 – from oil to natural gas to coal – continued to fall as the novel coronavirus pandemic and global recession depress economies. The U.S. Energy Information Administration (EIA) has lowered its estimate for domestic crude oil production by…

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Technologies to bring economies to zero carbon emissions still lacking, IEA says

Technologies to bring economies to zero carbon emissions still lacking, IEA says

Energize Weekly, August 12, 2020 Many countries have announced ambitious climate goals to bring their economies to net-zero carbon emissions by 2050, but the technologies needed to cut emissions in areas like shipping and steelmaking don’t exist and may take decades to bring to market, according to the International Energy…

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