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 of developing renewable energy and…
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 the agency’s “reference case” will…
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) of new generating capacity in…
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 by $27 billion in activity…
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 region and calculated that its…
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 or flared daily in the…
Energize Weekly, December 30, 2020 Coal demand slipped an estimated 5 percent in 2020 – the largest annual decline since the Second World War – but the fuel is projected to rebound in 2021 on demand from China and Asia, according to the International Energy Agency (IEA). The 2020 decline follows a 1.8 percent drop…
Energize Weekly, December 23, 2020 The U.S. solar industry – led by utility-scale projects – rebounded in the third quarter from its midyear pandemic doldrums, according to an industry market report by consultant Wood Mackenzie and the Solar Energy Industries Association (SEIA). Solar’s performance is part of a broader trend showing the strong performance of…
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). Energy intensity, a measure of…
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 short tons – a 28…
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, the Colorado Oil and Gas…
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 and operational actions – such…
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