(Thu, 21 May 2020) The average spot (wholesale) price of natural gas in New England for winter 2019â20 (November 1, 2019âMarch 31, 2020) was $3.17 per million British thermal units (MMBtu), down about 40% from $5.40/MMBtu for the winter of 2018â19 based on trends at the Algonquin Gas Transmission (Algonquin) Citygateâa key regional benchmark for natural gas prices in New England.
(Thu, 07 May 2020) In EIA's Weekly Natural Gas Storage Report (WNGSR) published on May 7, 2020, EIA reported a net injection for the Lower 48 states of 109 billion cubic feet (Bcf)âthe biggest net injection since September 27, 2019. The net injection was 35 Bcf more than the typical injection for this particular week, on average, for the past five years (2015-2019). The overall surplus of working natural gas inventory compared with the five-year average is now 395 Bcf.
(Wed, 06 May 2020) The United Arab Emirates, a member of OPEC, is currently the seventh-largest petroleum and other liquids producer in the world. Relatively energy intensive compared with other industrialized countries, the United Arab Emiratesâ economy is fueled largely by natural gas and petroleum and other liquids.
(Tue, 05 May 2020) Distributed generation refers to onsite, behind-the-meter generation of energy. This often includes electricity from renewable energy systems such as solar photovoltaics and small wind turbines, but it can also include electricity and captured waste heat from combined heat and power (CHP) systems in the buildings and industrial sectors. EIA works with technology experts to project distributed generation and CHP equipment cost and performance characteristics.
(Mon, 04 May 2020) Energy efficiency (EE) incentives offered by electric and natural gas utilities and state EE organizations are an important component of evolving state and local EE policies.
(Fri, 01 May 2020) EIA presents a series of structure and thickness maps of the Wolfcamp shale play of the Midland Basin, which is a part of the larger Permian Basin. These maps provide data on the structure, thickness, and play extents of Wolfcamp A, B, C, and D benches in the Midland Basin.
(Mon, 30 Mar 2020) Natural gas exportsâa combination of natural gas delivered to Mexico by pipeline plus liquefied natural gas (LNG) feedstock receipts at liquefaction terminals in the Lower 48 statesâhave averaged more than 15 billion cubic feet per day (Bcf/d) during the past week (March 24â30), the highest weekly average ever, according to IHS Markit data.
(Fri, 06 Mar 2020) Several natural gas pipeline upgrades are either planned or under construction in New England, which will increase deliverability into the region during the next several years. According to the U.S. Energy Administration's (EIA) tracking of natural gas pipeline projects, four pipelines are expected to increase compression in their systems by 2023, adding more than 350 million cubic feet per day (MMcf/d) of natural gas pipeline capacity into the region.
(Wed, 04 Mar 2020) EIA presented results from four alternative policy scenarios to the <em>Annual Energy Outlook 2020</em> published in an <em>Issues in Focus</em> article. The article and the presentation examined the potential effects of a range of alternative energy policies on the future U.S. electric power sector through 2050.
(Tue, 03 Mar 2020) The Permian Basin Report contains a review of the Wolfcamp, Bone Spring, and Delaware shale plays of the Delaware Basin, which is part of the larger Permian Basin. The report presents the geologic framework, reservoir properties, and hydrocarbon production history and trends for these plays along with geological cross-sections and producing formation structure and thickness maps.
Recently passed legislation in France has mandated that the roofs of all new buildings in commercial areas must be so-called green roofs, which are at least partially covered in either solar modules or with living plants.
The head of top Russian oil producer Rosneft has said the US shale energy boom could become the next “dotcom bubble”. Igor Sechin also accused Opec of destabilising the market by allowing the oil price to halve in six months.
Global oil prices have fallen sharply over the past seven months, leading to significant revenue shortfalls in many energy exporting nations, while consumers in many importing countries are likely to have to pay less to heat their homes or drive their cars.
Coming on the heels of Demand Energy’s announcement that it is installing 1 MW of energy storage capacity in a series of Glenwood residential apartment buildings in New York City, a report released today concludes that the distributed energy storage market will increase almost 10-fold over the next three years.
Leaders from Sudan, Egypt and Ethiopia have signed an agreement to end a long-time dispute regarding the controversial 6,000-MW Grand Ethiopian Renaissance hydropower plant.
Even a few years ago, renewable energy played only a small role in most countries’ energy planning. While governments and publics were eager to increase the share of renewables in their energy systems, the economics of doing so were challenging. There were also serious concerns about the impact on the electricity grid of adding too much capacity from variable renewable energy sources, such as solar and wind.
Oil prices fell for the second straight session on Monday as Iran and six world powers negotiated a deal for Tehran's nuclear program that could end Western sanctions, allowing the OPEC member to ship more crude into an already flooded market.
The United States may be the only major oil-producing nation where the domestic politics of petroleum production appear almost entirely divorced from its international interests.