News and Media

In CFE International we care about having an informed vision about the changing event in which energy in develop on a national and global scale, in this regard we share relevant news information for the social construction, of an objective, plural, open and proactive opinion

U.S. solar stocks rise on Biden's clean energy focus in pre-election debate

U.S. solar stocks rose on Friday after U.S. Democratic presidential candidate Joe Biden said in the final pre-election debate on Thursday night that if elected he plans to transition to a more climate-friendly economy.

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Biden May Not Ban All Fracking But He Can Reverse The Shale Miracle

Much of Biden’s campaign platform centers on a return to the policies of the Obama-Biden administration. On energy, however, candidate Biden has moved sharply to the left.

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U.S. natural gas exports to Mexico have increased in the first nine months of 2020

Mexico has been the largest destination for U.S. natural gas exports since surpassing Canada in 2015. U.S. pipeline exports of natural gas have been displacing other sources of Mexico’s natural gas, including more expensive LNG imports, which have declined every month since March 2020.

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Pace of energy transition, innovation on the ballot in presidential election

The combative presidential campaigns have put Democratic nominee and former Vice President Joe Biden square in the clean energy camp, with President Donald Trump making the case for the country's abundant fossil fuel resources.

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Natural gas generators make up largest share of U.S. electricity generation capacity

Based on the U.S. Energy Information Administration's (EIA) annual survey of electric generators, natural gas-fired generators accounted for 43% of operating U.S. electricity generating capacity in 2019.

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As Oil Bankruptcies Surge, Vulture Investors Start Their Long Feast

Bankruptcies abound in America’s oilpatch. So far this year 40 oil exploration and production companies have gone under, according to analysis from lawfirm Haynes & Boone, involving $54 billion in debt. The biggest failure so far, with $11.8 billion in debt remains Chesapeake Energy.

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The Shale Patch Bankruptcy Crisis Isn’t Over Yet

Low oil prices, lower credit availability, and piling debt loads forced a few dozen oil and gas firms in North America to file for bankruptcy protection in the third quarter.

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Solar photovoltaic generators receive higher electricity prices than other technologies

In 2019, the average U.S. wholesale price for electricity generated by solar photovoltaic (PV) technology was significantly higher than average wholesale prices for electricity from other technologies.

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First fracking could start in late 2021 -Colombia's energy minister

The Colombian government expects to sign the first contracts for pilot projects in November and December and complete environmental impact assessments in the first half of 2021, Mesa said during a webinar organized by The Dialogue, a not-for-profit organization. If this goes as planned, the government of Ivan Duque "will be able to evaluate the pilot projects before the end of his term, which is August 2022,"

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‘Clean, limitless’ power, generated by ‘miracle material’ graphene in major breakthrough, but there’s a catch

“An energy-harvesting circuit based on graphene could be incorporated into a chip to provide clean, limitless, low-voltage power for small devices or sensors,” says physicist Paul Thibado, from the University of Arkansas.

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Department of Energy Issues Report on Benefits of U.S. Oil and Natural Gas: Providing Energy Security and Supporting Our Quality of Life

The U.S. Department of Energy’s (DOE’s) Office of Fossil Energy (FE) announced the release of a new report: U.S. Oil and Natural Gas: Providing Energy Security and Supporting Our Quality of Life.  This report acknowledges the critical role of advanced energy technology innovation in maintaining U.S. economic success and providing a sustainable domestic energy supply for the future, while recognizing the important benefits the oil and natural gas sector provides in our daily lives.

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California wildfire smoke decreases solar generation by more than 13% in CAISO

In the first two weeks of September 2020, average solar-powered electricity generation in the California Independent System Operator (CAISO), which covers 90% of utility-scale solar capacity in California, declined nearly 30% from the July 2020 average as wildfires burned across the state, according to a new report from the Energy Information Administration (EIA)

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Trump Signs Emergency Order To Bolster Rare Earth Mining

US President Donald Trump has signed an executive order declaring a national emergency in the mining industry, a move that seeks to curb the country’s reliance on rare earths in his latest bid to end China’s control of the market.

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China Is Ready To Give Iran’s Oil Industry A Major Boost

With the 25-year deal with China now moving ahead at pace, Iran has a buyer for all of the crude oil it can produce, albeit at discounted levels, so Tehran is pushing oil field development across the board. This includes not only the major fields in the huge West Karoun cluster – across which China has pledged to increase collective output by at least 500,000 barrels per day (bpd) within the next two years – but also the more challenging fields that nonetheless are rich in oil, especially those that are shared with Iraq.

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FERC Order 2222 on Distributed Energy Resource Aggregation is good news for distributed solar

FERC order 2222 on distributed energy resources is finally out. There are no interconnection queue requirements for distributed resources. This order requires grid operators within FERC jurisdiction to include aggregated DERs in their market participation models. There are a host of requirements for the grid operators and the aggregators.

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In 2019, 9 of the 10 highest-generating U.S. power plants were nuclear plants

According to U.S. Energy Information Administration (EIA) data on power plant operations, 9 of the 10 U.S. power plants that generated the most electricity in 2019 were nuclear plants. These 10 plants generated a combined 230 million megawatthours (MWh) of electricity in 2019, accounting for 5.6% of all electricity generation in the United States. The makeup of power plants that generate the most electricity has shifted in the past 10 years from a mix of nuclear and coal plants to almost all nuclear in 2019.

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California To Ban Sales Of Gasoline Cars By 2035

California’s Governor, Gavin Newsom, signed an executive order to ban the sales of new passenger vehicles with internal combustion engines from 2035 in the state’s latest push towards a cleaner energy future.

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Peak Oil Is Already Shifting Markets

Although there may be little consensus on the timing, most anticipate demand for crude to prime out within the coming years—if it hasn’t already. Oil big BP argues 2019 could be the height. Others anticipate the decline to start within the mid-2020s, and even as late because the mid-2030s.

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Exclusive: Mexico to hold off on possible new energy reform until next year

Mexico’s president asked regulators on Tuesday to help strengthen state oil firm Pemex and power company CFE using existing laws, but added he could seek energy reforms next year if required to meet his goals.

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Europe set to have 10 large CCS in operation by 2030: Rystad

After 20 years of studies and testing, Europe could have around 10 large carbon capture and storage (CCS) projects operational by 2030. Most of these planned projects are located around the North Sea — in Norway, UK, Denmark, Netherlands, Ireland and Italy.

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Oil prices finish higher as OPEC+ stresses full compliance with output quotas

The oil producers, collectively known as OPEC+, held a joint committee meeting via videoconference Thursday to discuss their existing program of output cuts. The group had previously pared record production cuts of 9.7 million barrels per day to 7.7 million barrels per day starting in August, but also said that countries that failed to previously meet their quota limits would be compensating for their overproduction.

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Average U.S. construction costs for solar and wind generation continue to fall

According to the U.S. Energy Information Administration (EIA) for newly constructed utility-scale electric generators in the United States, annual capacity-weighted average construction costs for solar photovoltaic systems and onshore wind turbines have continued to decrease. Natural gas generator costs also decreased slightly in 2018.

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Top North Sea emitter UK needs to electrify its rising oil and gas output to reach climate goals

The British government has set a goal to reach net zero emissions by 2050. Electrification of oil and gas platforms on the UK continental shelf (UKCS) should play an important role in efforts to achieve this target, as a Rystad Energy analysis shows that UK oil and gas production will remain significant for decades to come. After a small decline over the next several years, output forecast to rebound to approximately 2 million barrels of oil equivalent per day by around 2035.

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Trump Administration Shocks Oil Industry With Biofuel Waiver Decision

The Trump Administration has rejected nearly the vast majority of retroactive biofuel waiver petitions that were pending review, biofuel waivers are often given to oil refiners who are otherwise tasked with blending ethanol into their gasoline every year—or purchase tradable credits from refiners that blend with ethanol.

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China is rapidly building a world-beating wind energy revolution

From north of Shanghai down to Hong Kong, across a thousand-mile stretch of water, hundreds of these otherworldly creations will one day be able to provide enough energy to power millions of homes and businesses.

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South Korea's Green New Deal shows the world what a smart economic recovery looks like

In April, 26.93 million Koreans were reportedly employed – 392,000 fewer than a year earlier. Job losses were highest in the wholesale and retail sectors, accommodation and food services. In response, Korean President Moon Jae-in in July launched the Korean New Deal or “K-New Deal”. The US$135 billion investment in green and digital technology comprises:

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Oil Industry Surprised By Trump’s Extension Of Offshore Drilling Ban. The Only Question Is ‘Why?’

The President ordered his Department of Interior (DOI) to extend the moratoria that currently exist on drilling off the coasts of Florida, South Carolina and Georgia when they expire in 2022.

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Latin America's Is Emerging As A Renewable Energy Powerhouse

Latin America is emerging as a green powerhouse, with some of the strongest renewable capacity growth expected globally in the coming years. With auctions already adopted throughout Latin America, Rystad Energy expects the region’s 49 gigawatts (GW) of renewable capacity will skyrocket to 123 GW by 2025, with the biggest increases coming from Brazil, Mexico, Chile, Colombia and Argentina.

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To Rid The Grid Of Coal, The Southeast U.S. Needs A Competitive Wholesale Electricity Market

The Southeastern United States, one of the country’s only regions without a competitive wholesale electricity market, is dominated by monopoly utilities, which have favored expensive and polluting fossil fuel generation over cheap clean energy. Nearly all Southeast coal plants cost more to run than replacing them with new wind and solar, so continuing to run these uneconomic resources forces customers to foot the bill and inhale dirty air.

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Renewable revolution': Queensland to put $500m into clean energy fund

The Queensland government has announced a $500m renewable energy fund – to build publicly-owned wind and solar projects – as a centrepiece of its post-pandemic economic recovery plan.

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US ELECTIONS: Environmental activists, Trump team pull at Biden over fossil fuel stance

US presidential candidate Joe Biden is fending off pressure from both the Trump campaign and some environmental activists on his stance on fossil fuels, as the 2020 presidential race turns the final corner.

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As U.S. coal-fired capacity and utilization decline, operators consider seasonal operation

Coal-fired electricity generating capacity in the United States is retiring, as tighter air emission standards and decreased cost-competitiveness relative to other power resources make coal-fired power plants less economical.

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Colorado looks to incorporate environmental justice into new oil, gas rules

As Colorado implements and defines a slate of new rules affecting the states’ oil and natural gas industries, officials are also looking to tackle “environmental justice” issues, forcing companies seeking well permits to take into account the proximity and number of minority and low-income residents living nearby, which would make it the first major oil-producing state to do so.

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Trump weakens Obama-era rules on toxic wastewater from coal plants

The Trump administration is loosening rules for toxic water pollution from coal-fired power plants. Coal plants generate wastewater when they rinse the filters they use to catch pollutants from smokestacks. That wastewater is discharged into rivers and lakes and often ends up in drinking water.

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Secretary Brouillette and South Carolina Officials Announce Historic Agreement Between the Trump Administration and the State of South Carolina

Secretary of Energy Dan Brouillette joined Attorney General Alan Wilson at the South Carolina State House to announce a historic settlement between the Trump Administration and the State of South Carolina on the removal of 9.5 metric tons of plutonium from the state. This settlement is the conclusion of years of litigation, which began during the Obama Administration and a directive from Congress from nearly two decades ago.

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Changing demand for petroleum products has led to operational changes at U.S. refineries

Demand for motor gasoline and jet fuel in particular has fallen to its lowest levels in years. In response, U.S. refineries reduced their operations to adjust to changing levels of overall demand for petroleum products and made other changes that resulted in proportionately less production of motor gasoline and jet fuel and more production of distillate fuel oil.

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South Korea is one of the world’s largest nuclear power producers

As of August 2020, South Korea operates a fleet of 24 nuclear reactor units, representing 23.2 gigawatts (GW) of capacity, at four nuclear power complexes. In 2019, South Korea’s nuclear fleet generated 139 terawatthours (TWh) of electricity, making South Korea the fifth-largest nuclear power producer in the world and accounting for 26% of the country’s total electricity generation.

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Department of Energy Announces $33 Million in Funding for Carbon Neutral Hybrid Electric Aviation

ASCEND projects work to develop innovative, lightweight, and ultra-efficient all-electric powertrain with advanced thermal management systems that help enable efficient net-zero carbon emissions for single-aisle passenger commercial aircraft

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Democrats’ climate plan takes aim at the fossil fuel industry’s political power

Senate Democrats are set to release a 200-page plan arguing that significant US climate action will require stripping the fossil fuel industry of its influence over the government and the public’s understanding of the crisis.

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US ELECTIONS: Biden called climate champion, even as Dem platform criticized

The messaging was clear at the Democratic National Convention: the planet cannot survive another four years of regulatory rollbacks and pro-fossil fuel policies, and Americans can put their trust in former Vice President Joe Biden to right the ship and usher in the bold policies demanded by science and the scale of the climate crisis.

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Insurance giant Suncorp to end coverage and finance for oil and gas industry

The insurer revealed on Friday it had already stopped insuring, underwriting or directly investing in new oil and gas projects and would phase out underwriting and financing existing oil and gas businesses by 2025.

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Europe’s Biggest Coal Nation Could Soon Go Nuclear

Replacing coal with other forms of energy will prove to be not only an economic challenge for Poland, in many ways coal is ingrained in the regional psyche of South and Southwest Poland (Silesia) where coal production has already started in the late 18th century.

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Cimarex makes contingency oil, gas permit plans in event of Biden presidency

With the US’ 2020 presidential election less than three months away, Cimarex’s drilling plans could change if Democratic contender Joe Biden, who has made negative suggestions over how he might handle aspects of energy production including fracking, beats Republican incumbent Donald Trump whose policies favor energy development.

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What would Biden's foreign aid policy look like?

Biden has made it clear that addressing climate change would be a central part of his presidency, beginning with rejoining the Paris Agreement and limiting development finance for fossil fuels by making climate central to development policy.

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Mexican President Wants To Cancel Energy Deal With Brazil’s Odebrecht

Mexico’s President Andres Manuel Lopez Obrador wants to cancel an energy deal with a consortium backed by Brazilian conglomerate Odebrecht.

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Instalación solar de 70 MW para respaldar las operaciones de Facebook en Tennessee

On Thursday, The Tennessee Valley Authority (TVA) confirmed that the new 70-MW solar facility in Madison County, Tennessee, will support Facebook’s operations in the region. TVA is partnering with Silicon Ranch to develop the carbon-free energy.

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Trump Reboots Obama Climate Rules by Axing Methane Curbs

The Trump administration’s withdrawal of curbs on methane emissions from oil wells and related equipment threatens to disadvantage U.S. energy producers touting natural gas as a green alternative to coal.

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Department of Energy Announces $20 Million to Advance Perovskite Solar Technologies

The U.S. Department of Energy (DOE) announced $20 million in funding to advance perovskite solar photovoltaic technologies. Perovskites are a family of materials with a specific crystal structure, named after the mineral with that structure. When used to create solar cells, they have shown potential for high performance and low production costs. To be competitive in the marketplace, perovskite’s long-term durability must be tested and verified, the aim of this funding opportunity announcement through DOE’s Office of Energy Efficiency and Renewable Energy (EERE).

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Wind and solar produced 10% of global electricity in first half of 2020

Wind turbines and solar panels produced a record 10% of the world’s electricity in the first half of 2020 as coal-power declined, but steeper change is needed to meet targets set under the 2015 Paris climate agreement, a report said on Thursday.

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More power generation came from natural gas in first half of 2020 than first half of 2019

Natural gas-fired generation in the Lower 48 states increased nearly 55,000 gigawatthours (GWh), or 9%, in the first half of 2020 compared with the first half of 2019

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U.S. Shale Drilling Unlikely To Rebound In 2020

A new Rystad Energy analysis shows that U.S. horizontal drilling activity in oil basins, which has plummeted due to the Covid-19 pandemic, is not likely to materially recover this year.

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Former Mexican President Accused Of Taking Bribes To Reform Oil Industry

In a televised statement, Attorney General Alejandro Gerts Manero said Pena Nieto and finance minister Luis Videgaray had allegedly tasked former Pemex chief Emilio Lozoya to use more than $4 million in illicit payments from Brazilian conglomerate Odebrecht to pay consultants to Pena Nieto’s campaign.

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U.S. liquefied natural gas exports remain at low levels this summer

After establishing a record high of 8.0 billion cubic feet per day (Bcf/d) in January 2020, U.S. exports of liquefied natural gas (LNG) fell to an average of 3.1 Bcf/d in July 2020.

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Trump bans US transactions with Chinese-owned TikTok and WeChat

Donald Trump has issued a pair of executive orders that would ban any US transactions with the Chinese companies that own TikTok and WeChat, saying the US must take “aggressive action” in the interest of national security.

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Cost Of Shale Gas Drilling Permit In Pennsylvania Jumps 150%

Pennsylvania more than doubled as of August 1 the fee for all unconventional well permit applications, while shale companies call on state officials to find other mechanisms to fund the oil and gas program of the Pennsylvania Department of Environmental Protection.

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China poised to power huge growth in global offshore wind energy

As stated by the Global Wind Energy Council (GWEC), the world’s offshore windfarm capacity could grow eightfold by the end of the decade powered by a clean energy surge led by China.

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U.S. crude oil production in May has a record monthly decrease

As reported by the U.S. Energy Information Administration’s (EIA), production of crude oil decreased in the United States in May 2020 by 1.99 million barrels per day (b/d), the largest monthly decrease since at least January 1980.

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From International Oil Company to Integrated Energy Company: bp sets out strategy for decade of delivery towards net zero ambition

BP introduces a new strategy that will reshape its business as it pivots from being an international oil company focused on producing resources to an integrated energy company focused on delivering solutions for customers.

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U.S. Shale Faces Another Round Of Bankruptcies

More than thirty billion dollars: this is the size of the collective debt of oil and gas companies that filed for bankruptcy protection in the first half of the year.

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US report highlights nuclear export opportunities

Global Nuclear Market Assessment Based on IPCC Global Warming of 1.5°C Report, was commissioned by US trade association the Nuclear Energy Institute (NEI), with a specific focus on global market opportunities that will arise as nuclear power plays an increasing role in contributing to global climate change mitigation strategies.

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Trump allows Keystone pipeline to ship more Canadian oil after expansion stalls

Trump issued a new presidential permit for the base Keystone line, allowing TC to boost capacity by 170,000 barrels per day (bpd) to 761,000 bpd.

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Most U.S. utility-scale geothermal power plants built since 2000 are binary-cycle plants

Currently, the United States has 93 binary cycle generators, averaging 8 MW of capacity each, and 79 steam generators that average 23 MW each.

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UK's biggest pension fund begins fossil fuels divestment

The UK’s biggest pension fund, the government-backed National Employment Savings Trust (Nest) scheme with nine million members, is to begin divesting from fossil fuels in what climate campaigners have hailed as a landmark move for the industry. The fund will ban investments in any companies involved in coal mining, oil from tar sands and arctic drilling.

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World’s largest nuclear fusion project begins assembly in France

The world’s largest nuclear fusion project began its five-year assembly phase on Tuesday in southern France, with the first ultra-hot plasma expected to be generated in late 2025. Nuclear fusion promises clean, unlimited power but, despite 60 years of research, it has yet to overcome the technical challenges of harnessing such extreme amounts of energy.

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LNG Industry Could Bring 100,000 Jobs To Canada

According to the Conference Board of Canada, and funded by the Canadian LNG Alliance, determined that a 56-million-tonnes-per-year LNG industry in British Columbia would generate nearly 100,000 jobs.

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China orders US to close consulate in Chengdu in retaliation for Houston outpost closure

China ordered the U.S. on Friday to close its consulate in Chengdu, a move U.S. officials anticipated after the Trump administration told Beijing to shutter its consulate in Houston amid accusations of espionage and intellectual property theft.

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World’s Largest Economies Are Still Spending Big On Oil & Gas

A data update from the Energy Policy Tracker has revealed that spending on oil and gas, and coal is still higher among members of G20 than spending on renewable energy.

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Will China Use Its Nuclear Option As Tensions With The U.S. Escalate?

In the latest round of feuding between the world’s leading economies, China has vowed to retaliate after the United States ordered its consulate in Houston shut within 72 hours. As trade and political tensions between Washington and Beijing flare up, the specter of China using rare earth minerals as a ‘nuclear option’ has once again resurfaced.

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Microsoft to purchase output from 500 MW of solar capacity throughout the US

Solar finance and development firm Sol Systems announced an initiative with Microsoft to finance, develop and operate a portfolio of over 500 MW of solar projects in the U.S. and will sell energy from those projects to Microsoft.

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Ban new gas boilers in UK from 2025 or risk missing net zero target, says CBI

The ban would apply to conventional gas boilers, but hybrid or hydrogen-ready boilers would be allowed under the business organisation’s recommendations, which were developed in collaboration with energy industry leaders.

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Global heating: best- and worst-case scenarios less likely than thought

The United Nations intergovernmental panel on climate change has estimated a doubling of atmospheric carbon dioxide from its pre-industrial level of about 280 parts per million has a 66% chance of heating the planet by between 1.5C to 4.5C. In May, atmospheric CO2 reached 417ppm, and is rising by about 2.5ppm per year.

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World Bank says global gas flaring hit highest in over a decade in 2019

Global gas flaring increased to 150 billion cubic meters (bcm) in 2019, the highest level in more than a decade, primarily due to increases in the United States, Venezuela and Russia, the World Bank said on Tuesday.

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Energy Department Announces Approximately $64M in Funding for 18 Projects to Advance H2@Scale (Hydrogen)

The U.S. Department of Energy (DOE) announced approximately $64 million in Fiscal Year 2020 funding for 18 projects that will support the H2@Scale vision for affordable hydrogen production, storage, distribution, and use.

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Iran Could Flood Oil Markets If Biden Becomes U.S. President

“If you have Joe Biden as president, he could basically take the US back into the [Iranian] Nuclear deal and you could see a million plus Iranian barrels hit the market. These are the kind of things I think will be very important into the trajectory of oil into 2021”

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Q2 Energy Earnings Seen As Worst Of The Bunch As Pandemic, Demand Wreak Havoc

A quarter where the price of U.S. crude oil averaged $28 a barrel, the lowest for any three-month period in nearly two decades. In one strange confluence of events, crude oil even traded negative for a brief period. This is something never seen before.

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Canada’s oil production drops to its lowest level since 2016 wildfires

Canada was the world’s fourth-largest producer of petroleum and other liquids in 2019, but in the first half of 2020, Canada’s production declined 20% from its 2019 average of 5.5 million barrels per day (b/d).

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Governments put 'green recovery' on the backburner

Despite rhetoric from many countries in support of a “green recovery”, governments are spending vastly more in support of fossil fuels than on low-carbon energy in rescue packages triggered by the coronavirus crisis.

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U.S. Henry Hub natural gas spot prices reached record lows in the first half of 2020

In the first half of 2020, natural gas prices at the U.S. Henry Hub benchmark reached record lows. The average monthly Henry Hub spot price in the first six months of the year was $1.81 per million British thermal units (MMBtu).

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Offshore wind energy investment quadruples despite Covid-19 slump

A report has found that investors gave the greenlight to 28 new offshore windfarms worth a total of $35bn (£28bn) this year, four times more than in the first half of 2019 and well above the total for last year as a whole.

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Drop in petroleum demand led to rise in crude oil inventories and low refinery utilization

The U.S. EIA’s latest Petroleum Supply Monthly shows the significant changes in petroleum markets that occurred in April, when most of the United States was under stay-at-home orders to limit the spread of coronavirus. In April, commercial crude oil inventories increased by 46.7 million barrels (10%)—the largest monthly increase in EIA data going back to 1920. U.S. refineries operated at 70% of their capacity, the lowest utilization rate in EIA’s monthly data series dating back to 1985. Demand for finished petroleum products fell to 11.7 million barrels per day (b/d), the lowest level since at least 1981.

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New South Wales government says renewable energy zone in New England could power 3.5m homes

Environment minister Matt Kean says the push to build 8,000 megawatts of wind and solar is part of a plan to replace coal-fired power.

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Talos Energy Forced To Share Massive Zama Oil Find With Mexico’s Pemex

Talos Energy has been ordered to come to some agreement with Mexico’s state-run oil giant, Pemex for the development of its massive Zama oil field made back in 2017.

The Zama discovery is so large—potentially 670 million recoverable barrels large--that it is the largest discovery in Mexico by a private company in decades.

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Exxon’s Big Bet On Algae Biofuels Is Crumbling

In the late 2000s, Big Oil led by Royal Dutch Shell, BP Plc., ExxonMobil, and Chevron hyped algae biofuel as the fuel of the future, pumping hundreds of millions of dollars into the emerging industry with promises of decarbonization and energy innovation. More than a decade later, the algal biofuel dream has remained just that--a dream--with virtually all big players but one--Exxon--pulling the plug on their expensive projects.

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Over 5,600 fossil fuel companies have taken at least $3bn in US Covid-19 aid

More than 5,600 companies in the fossil fuel industry have taken a minimum of $3bn in coronavirus aid from the US federal government, the businesses include oil and gas drillers and coal mine operators, as well as refiners, pipeline companies and firms that provide services to the industry.

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U.S. natural gas exports to Mexico set to rise with completion of the Wahalajara system

Exports of natural gas to Mexico by pipeline are the largest component of U.S. natural gas trade, accounting for 40% of all U.S. gross natural gas exports in 2019.

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China Inks Military Deal With Iran Under Secretive 25-Year Plan

Iran’s Foreign Minister, Mohammad Zarif, presents a roadmap on a 25-year China-Iran strategic partnership with a new military element and enormous global security implications. The deal consists that China will invest US$280 billion in developing Iran’s oil, gas, and petrochemicals sectors and another investment of US$120 billion, for upgrading Iran’s transport and manufacturing infrastructure. In exchange for this, Chinese companies will be given the first option to bid on any new – or stalled or uncompleted – oil, gas, and petrochemicals projects in Iran. China will also be able to buy any and all oil, gas, and petchems products at a minimum guaranteed discount of 12 per cent to the six-month rolling mean average price of comparable benchmark products, plus another 6 to 8 per cent of that metric for risk-adjusted compensation.

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Fact Check: Joe Biden wants to eliminate new fracking permits, not all fracking

The claim that presidential candidate and former Vice President Joe Biden wants to eliminate fracking was made in a post on Facebook and is similar to an ad by America First Action, a pro-Trump Political Action Committee.

The post includes a video of Biden answering a question in a debate and a claim that Biden could cost Pennsylvania more than 600,000 jobs. The video says it is paid for by America First Action.

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ExxonMobil renews collaboration with Princeton Energy Center to advance low-emission research and energy solutions

The new, five-year agreement builds on ExxonMobil’s participation in Princeton’s E-filliates Partnership, which began in 2015. E-filliates is a corporate membership program administered by the Andlinger Center and aims to help accelerate research, development and deployment of energy and environmental technologies through academia and industry partnerships.

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DOE Awards $100 Million for Energy Frontier Research Centers

Today, U.S. Secretary of Energy Dan Brouillette announced $100 million in funding for 10 Energy Frontier Research Centers (EFRCs) to accelerate the scientific breakthroughs needed to build a twenty-first-century energy economy and strengthen U.S. economic leadership and energy security.

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Billionaires are spending more on political contributions, here are the three biggest spenders

America’s billionaires are now spending 20 times more on political contributions than they did a decade ago, adding to their influence in Washington.

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Oil major Shell to write down up to $22 billion of assets in second quarter

Oil giant Royal Dutch Shell said on Tuesday it will write down the value of its assets by up to $22 billion in the second quarter, after revising down its long-term outlook for oil and gas prices.

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America’s second offshore wind farm completes construction

In an announcement Monday, Dominion Energy said that the Coastal Virginia Offshore Wind pilot project — a two-turbine, 12-megawatt (MW) facility — had been “built safely and on schedule despite the worldwide impact from the coronavirus pandemic.”

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DOE Announces Intent to Provide $122M to Establish Coal Products Innovation Centers

The U.S. Department of Energy (DOE) intends to make approximately $122 million available, through a competitive process, to establish coal products innovation centers. The innovation centers will focus on manufacturing value-added, carbon-based products from coal, as well developing new methods to extract and process rare earth elements and critical minerals from coal.

“It’s vitally important that America develop a viable domestic supply of rare earth elements, critical minerals, and other valuable products from our vast coal resources,” said Secretary of Energy Dan Brouillette.

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U.S. refinery capacity sets new record as of January 1, 2020

U.S. operable atmospheric crude oil distillation capacity increased 0.9% during 2019, reaching a record of 19.0 million barrels per calendar day (b/cd), up 0.2 million b/cd from the previous record of 18.8 million b/cd the year before. According to the U.S. Energy Information Administration’s (EIA) annual Refinery Capacity Report, U.S. operable crude oil distillation unit (CDU) capacity has increased slightly in seven of the past eight years.

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Americans split along party lines over green stimulus: Reuters/Ipsos poll

The poll shows 36% of Americans believe the U.S. Congress should prioritize clean-energy industries and businesses in the next stimulus package, including 53% of Democrats and 18% of Republicans. Another 36% believe Congress should prioritize the most productive industries and businesses regardless of environmental impact, including 24% of Democrats and 57% of Republicans, according to the survey.

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Natural Gas Drops To 25-Year Low As Demand Disintegrates

Natural gas prices near a 25-year low on Thursday morning as the summer heat has yet to materialize, and oversupplied conditions persist.

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Oil and gas firms suffer ‘significant contraction’ in 2Q activity

Activity in the oil and gas sector continued to deteriorate in the second quarter, according to the Federal Reserve Bank of Dallas Energy Survey. The business activity index fell to -66.1, from -50.9 in the first quarter, marking the lowest reading in at least four years and indicating a “significant contraction in activity.”

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Fossil Fuels Still Supply 84 Percent Of World Energy — And Other Eye Openers From BP’s Annual Review.

The largest share of the increase in energy consumption, 41%, was contributed by renewables. Natural gas contributed the second largest increment with 36% of the increase. However, as an overall share of energy consumption, oil remained on top with 33% of all energy consumption. The remainder of global energy consumption came from coal (27%), natural gas (24%), hydropower (6%), renewables (5%), and nuclear power (4%).

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JP Morgan Predicts $100 Oil

The current situation is fundamentally no different, according to JP Morgan's analyst, who expects the oil market to swing into a deficit sometime in 2022, which would push Brent to $60. This, in turn, will motivate producers to start pumping more crude. The deficit, Malek estimates, could reach 6.8 million bpd by 2025. This is what could cause prices to climb to $100 or more.

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Goldman: Clean Energy Investment Has Hit A Critical Point

Most glaringly, Goldman Sachs said that the cost of capital for new oil and gas projects vastly exceeds that of renewable energy. Goldman puts hurdle rates for new oil and gas projects at 10 to 20 percent, while renewables only see 3 to 5 percent cost of capital. In other words, it is cheaper and less risky to invest in clean tech than it is for fossil fuels

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U.S. Oil Dominance Is Coming To An End

U.S. energy dominance is over. Output is probably going to drop by 50% over the next year and nothing can be done about it. It has nothing to do with the lack of shale profitability or other silly memes cited by people who don’t understand energy.

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Tech takeovers feed into China Cold War fears

The UK government is planning new measures to restrict foreign takeovers on national security grounds. But security experts caution the UK has been late to the issue. It comes amid growing concern about the risk of China buying high-tech companies, especially in the economic turmoil resulting from the coronavirus pandemic.

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Global oil demand could hit record growth rate next year, IEA warns

The world’s oil demand could climb at its fastest rate in the history of the market next year, and may reach pre-crisis levels within years, unless new green policies are adopted, according to the International Energy Agency (IEA).

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Aramco closes Sabic deal, extends payment again

Saudi Arabia's state-controlled Saudi Aramco has completed the acquisition of a 70pc stake in the country's petrochemicals giant Sabic, and has again extended the amount of time it has to pay for it.

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Global electricity consumption continues to rise faster than population

According to the U.S. Energy Information Administration, global electricity consumption continues to increase faster than world population, leading to an increase in the average amount of electricity consumed per person (per capita electricity consumption).

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US ‘Caesar Act' sanctions could devastate Syria’s flatlining economy

Syria seems barely able to absorb new shocks, but new US sanctions that take effect next week, could devastate what is left of its flatlining economy and amplify the gravest regional decline in decades.

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Country With World’s Largest Oil Reserves, Venezuela, Has Only One Rig Left

Of the two active rigs in Venezuela last month, one was working at an oilfield and another one was drilling for gas, according to Bloomberg. Those rigs are working in the Orinoco oil belt, where Venezuela’s state oil firm PDVSA operates oilfields in joint ventures with foreign firms, sources familiar with the matter told Bloomberg.

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Exxon Prepares To Unload North Sea Assets

The sale, with the potential to generate as much as $2 billion, was initially discussed in August last year. It represents a total exit from the UK North Sea for the oil major, who has operated in that area for more than fifty years.

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NOAA plays key role in plan to explore and unlock potential of America’s ocean

The federal government announced detailed strategies to fully map, explore, and characterize the resources in our waters. NOAA is already playing a key role in this work and helped design the strategies with other federal partners.

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Mexico’s Cenagas Focuses on Southeast, Industrials in New Consulta Pública

Mexico’s Centro Nacional de Control del Gas Natural (Cenagas) has launched the Consulta Pública 2020 with a specific focus this year on the natural gas needs of the south and southeastern parts of the country and industrial users.

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Market Meltdown: Dow Dives 1,800 Points On Worries Of 2nd Coronavirus Wave

In one of the worst one-day drops in history, the Dow Jones Industrial Average closed down 1,861 points, or 6.9%, and the S&P 500 tumbled about 5.9%. Airline and hospitality companies, which have been especially hard hit by the COVID-19 lockdowns, were among those losing ground.

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BP to slash one seventh of workforce in a major cost-cutting move

BP said it is starting to cut its global workforce by 10,000, from a current global total of 70,000, with most of the affected staff to leave this year.

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Chemicals firm BASF biggest beneficiary of UK coronavirus loan scheme

The German chemicals company BASF has emerged as the biggest beneficiary of the Bank of England’s emergency coronavirus loan scheme, borrowing £1bn in cheap government-backed funding.

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ECB agrees to inject additional €600bn into eurozone economy

The European Central Bank has ramped up its coronavirus pandemic response by agreeing to inject an additional €600bn (£539.5bn) of emergency financial support into the Eurozone economy.

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Russian Power Plant Spills Thousands Of Tons Of Oil Into Arctic Region

Russian President Vladimir Putin has declared a state of emergency after a giant diesel fuel spill in a remote Arctic region 1,800 miles from Moscow.

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A Perfect Storm For Petrochemicals

The market for one of the main feedstocks for plastic – polyethylene – has fallen sharply over the past year, with a pronounced dip since the onset of the pandemic. “Even before the coronavirus outbreak, we were already expecting to see various petrochemical value chains ... heading into an oversupply situation,”

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Canadian Crude Exports Drop 55% Following Oil Price Crash

The oil price and demand crash in April resulted in Canada’s energy exports plunging by the most on record, with crude oil exports plummeting by 55.1 percent, Statistics Canada said on Thursday, reporting the lowest levels in total merchandise trade in a decade.

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The Trucking Industry Is Embracing Change And Moving To Electric Vehicles

The California Air Resources Board is investing $45 million. The money will be used by Volvo Trucks and 14 others to advance electric transportation and to promote zero-emissions technologies.

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Electrification advocates open new front in fight over gas use: public health

A substantial body of research indicates that cooking with gas emits pollutants that contribute to respiratory illness and other health impacts, the Sierra Club and Rocky Mountain Institute, or RMI, argued in a pair of recent reports. Factors including insufficient ventilation and stove maintenance can cause indoor air quality to reach levels that would be illegal if measured outdoors.

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Coronavirus could ‘drag on US economy for a decade'

The drag on the US economy from the virus pandemic will last almost a decade, according to projections by the Congressional Budget Office (CBO).

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As Feds Step Back, New Mexico Steps Up With Tough Methane Rule

With the federal government taking a step back in its efforts to control the release of methane and other significant greenhouse gases from oil and gas operations, it’s fallen to producing states such as New Mexico to step up regulations to get their emissions under control.

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Aggressive push to 100% renewable energy could save Americans billions

Joe Biden, the Democratic presidential nominee, has vowed to eliminate greenhouse gases from the US power grid within 15 years and essentially zero out emissions by 2050, a plan assailed by Donald Trump as costly and detrimental to the American economy.

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Canada’s Oil Prices To Rise As Mexican Heavy Crude Supply Falls

Mexico’s state oil firm Petróleos Mexicanos (Pemex) expects the exports of its flagship heavy crude grade to slump by nearly 70 percent over the period 2021 to 2023, sources with knowledge of the situation told Bloomberg. The large decline in Mexican heavy crude exports is seen as a result of continuously declining oil production in the country and the need to divert crude flows to the future US$8-billion refinery, Dos Bocas, which Mexican President Andrés Manuel López Obrador wants built in his home state of Tabasco.

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COVID Kills Another Oil Rally

Yet another oil price rally has been cut short by COVID, with cases climbing in both the U.S. and across Europe as hopes of speedy oil demand recovery fade.

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5 Major Takeaways From The IEA's World Energy Outlook 2020

A few years back, the fossil fuel sector was doing just fine while renewable and alternative energy investments were considered a wildcard because the sector was regarded as unchartered territory. But with the shift to clean energy and the war against climate change in full swing while fossil fuels continue to face their biggest existential crisis in history, the momentum has overwhelmingly shifted to lower carbon fuels.

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As World Bank faces scrutiny, U.N. chief warns lenders over fossil fuels

United Nations Secretary-General Antonio Guterres on Monday urged development banks to stop backing fossil fuel projects, after a report found the World Bank had invested $12 billion in the sector since the 2015 Paris Agreement to combat climate change.

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UK 'will take 700 years' to reach low-carbon heating under current plans

At current rates, it will take 700 years for the UK to move to low-carbon heating, and at least 19,000 homes a week must be upgraded between now and 2050.

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'It'll be around forever': fossil fuel workers switch to new jobs in renewables

The rise of Britain’s offshore wind industry has made the giant turbines dotting its coastlines one of the country’s greatest industrial success stories since the discovery of North Sea oil

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Energy Storage Market To See Explosive Growth This Decade

Solar, wind, and other renewable energy sources are set for spectacular growth in the coming years and decades as governments race to net zero.

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Oil Falls As Trump Tests Positive For COVID-19

Crude oil prices took a nosedive today after President Donald Trump tweeted late last night that both he and the first lady had tested positive for Covid-19.

Brent crude slipped below $40 in Asian and European trading, and West Texas Intermediate stayed below $38 a barrel, after falling earlier this week.

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Joint Statement on Establishing a Strategic Vision for Energy Partnership

Israel, the United Arab Emirates, and the United States, acknowledging the benefits of focusing on pragmatic steps that have tangible outcomes, agree to encourage greater coordination in the energy sector, including renewable energy, energy efficiency, oil, natural gas resources and related technologies, and water desalination technologies.

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PepsiCo y REI Co-op anuncian ambiciosos objetivos renovables

PepsiCo Inc. and REI Co-op announced major renewable energy commitments. PepsiCo now aims to source 100% renewable electricity across its company owned and controlled operations globally by 2030 and across its entire franchise and third-party operations by 2040.

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More coal was consumed in Indiana than in all but two U.S. states in 2019

According to the U.S. Energy Information Administration’s (EIA) latest coal data, the 36.7 million short tons of coal consumed in Indiana during 2019 was more than any state in the nation besides Texas and North Dakota. Indiana accounted for 6.5% of the total coal consumed in the United States in 2019.

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Miners Protest Underground As Poland Moves To Phase Out Coal

Poland authorities and mining unions said on Thursday that an agreement on a plan to restructure the country’s unprofitable and polluting coal industry is imminent, as hundreds of workers protesting the government’s intention to shut mines refused to return to the surface.

Poland is more dependent on coal than any other state in the European Union. The fossil fuel provides nearly 80% of its energy needs, with 8% of that electricity coming from a single coal mine, Turów.

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Old green power plants seek to regenerate as Germany turns off subsidies

Together with thousands of other pioneer investors, Haas is considering whether he can continue his micro-generation without the subsidy scheme that helped to give Germany the highest level of installed renewable capacity in Europe.

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Shell May Cut Upstream Oil Operations By 40%

Oil and gas supermajor Shell is looking to slash as much as 40 percent of its upstream oil and gas operations as it is redesigning its business toward a greener portfolio, sources in Shell involved in the costs review told Reuters.

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JinkoSolar Supports Japan's Largest Oil Refiner to Build Gas Station PV Power Plant in Japan

JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its intention to co-operate with ENEOS Corporation ("ENEOS"), Japan's largest oil refiner, on the provision of solar modules for a Virtual Power Plant ("VPP") project. For this project, JinkoSolar's high-efficiency monocrystalline products will be deployed and installed on the roof of gas stations connected to a cloud-based distributed power plant, and will become the first VPP project of JinkoSolar in Japan.

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This New Tech Could Help Eliminate Natural Gas Flaring In America’s Shale Fields

A company based in Malvern, Pennsylvania called Edge may just have a viable solution: A “virtual gathering system” that captures the entire gas stream, converts it to Liquefied Natural Gas (LNG) in an on-site cryogenic unit, and monetizes the gas by transporting it for use in displacing diesel fuel in drilling rigs, hydraulic fracturing units, mud pumps, or oilfield equipment.

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Canada needs to build pipelines for oil and gas — but for hydrogen, too.

As the federal government puts the finishing touches on a national hydrogen strategy designed to kickstart the budding sector, some experts say one of the vital ingredients for the industry to flourish is to build more pipelines.

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IEA cuts 2020 oil demand forecast, sees ‘treacherous’ path ahead with rising coronavirus cases

The International Energy Agency cuts its forecast for 2020 oil demand growth to 91.7 million barrels per day, citing a “treacherous” path ahead amid weakening market sentiment and an upsurge in the number of coronavirus cases reported across the globe. That marks a contraction of 8.4 million bpd year-on-year, more than the 8.1 million bpd contraction predicted in the Paris-based energy agency’s August report.

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Fossil fuels account for the largest share of U.S. energy production and consumption

Fossil fuels, petroleum, natural gas, and coal, continue to account for the largest share of energy production and consumption in the United States. In 2019, 80% of domestic energy production was from fossil fuels, and 80% of domestic energy consumption originated from fossil fuels.

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EIA expects U.S. hydroelectric generation to increase in 2020 despite drought conditions

In its latest Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that electricity generation from hydroelectric power plants in the United States will grow by 4% in 2020 from 2019 levels, to 280 billion kilowatthours, despite current drought conditions and extensive wildfires in parts of the country, including in the Pacific Northwest.

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These Countries Could Receive $21 Billion To Go Green ... But Continue Burning Coal

Seven countries—Bulgaria, Croatia, Czechia, Germany, Poland, Romania and Slovenia—intend to continue using coal through 2030, with Poland using and producing more coal than any other European state, as revealed by Ember in an earlier report.

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Oil Major BP Makes First Ever Move In Offshore Wind Energy

BP is making its first move into the offshore wind market with a strategic partnership in U.S. offshore wind assets with Equinor in a deal worth US$1.1 billion.

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These charts show how little the global energy supply has changed since the 1970s

When it comes to the energy supply, things look surprisingly similar. New statistics from the International Energy Agency (IEA) show little has changed with our energy supply mix in 47 years – especially when it comes to the reliance on fossil fuels.

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ConocoPhillips’ Alaska project likely safe from potential Biden regulatory changes: COO

ConocoPhillips’ development of its Willow discovery in Alaska appears relatively safe from any foreseen changes should Joe Biden be elected US president in November, a top company executive said Sept. 2.

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Joe Biden's bold climate policies would leave Australia behind

This month the US Democrats wrapped up polling in Pennsylvania, a north-east industrial state that four years ago went to Donald Trump by 44,000 votes. Among other things the polling found that voters didn’t like Trump’s deregulation of methane. Voters supported a phasing out of fossil fuels.

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Mining needed for renewable energy 'could harm biodiversity'

The production of renewable energy requires metals and other materials which are mined. Researchers mapped the areas around more than 60,000 mining properties to assess whether they overlapped with biodiversity conservation sites.

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US ELECTIONS: November contests add to thicket of gas pipe project woes

If Biden wins and Democrats have a majority at the Federal Energy Regulatory Commission, most analysts foresee an increased focus on environmental considerations including climate change and environmental justice.

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Saudi Aramco discovers two new oil and gas fields

State oil company, Saudi ARAMCO, has discovered two new oil and gas fields in the northern regions, the kingdom’s energy minister said on Sunday.

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The U.S. Energy Storage Boom Is About To Begin

The rise of renewable energy sources and the decarbonization of the grid will need new energy storage installations in the coming years to provide flexible energy and capacity. Alongside rising shares of solar and wind power in the electricity mix, the U.S. is set to see increased energy storage installation as storage is critical to ensuring more solar and wind power generation.

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Coal’s Share Of Global Energy Supply Has Increased Since 1973

The share of coal of total energy supply increased between 1973 and 2018, while the share of oil shrunk by nearly 15 percentage points, as the share of energy supply from China surged at the expense of supply in developed economies, the International Energy Agency (IEA) said in its new report Key World Energy Statistics 2020 on Thursday.

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US federal agencies sign hydropower agreement

The US Army Corps of Engineers joined the US Department of Energy and US Department of Interior's Bureau of Reclamation in signing an interagency Memorandum of Understanding yesterday during a ceremony on National Hydropower Day. The agencies agree to collaborate on common issues and leverage resources to further the nation's hydropower generation.

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In the first half of 2020, about 5 Bcf/d of natural gas pipeline capacity entered service

According to the U.S. Energy Information Administration, between January and early July 2020, approximately 5 billion cubic feet per day (Bcf/d) of new pipeline capacity entered service in the United States, several of these projects could increase deliverability to growing natural gas demand markets in North America.

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Revealed: how the gas industry is waging war against climate action

In a nationwide blitz, gas companies and their allies fight climate efforts that they consider an existential threat to their business

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World’s Largest Offshore Rig Owner Files Bankruptcy

UK-based offshore drilling contractor Valaris has filed for bankruptcy protection in the United States, offering creditors to swap some $6.5 billion of its $7.8-billion debt pile for equity.

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Occidental to sell some Colorado, Utah assets for $1.33 billion

Occidental Petroleum Corp said on Wednesday it will sell some of its Wyoming, Colorado and Utah assets to Orion Mine Finance for about $1.33 billion, as the oil and gas producer looks to cut the debt it took on with its purchase of Anadarko.

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Iraq plans to sign MoU with Chevron to explore oil in Dhi Qar province

Chevron initiated talks with Iraq, the second-biggest producer of the Organization of the Petroleum Exporting Countries (OPEC), two years ago. The deal comes as part of Chevron’s interest in exploring the eastern and western parts of Dhi Qar’s capital city Nasiriyah.

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US approves oil leasing plan for Alaska's Arctic National Wildlife Refuge; environmentalists call it 'shameless

The Trump administration said Monday that it would begin the process of auctioning off leases for oil drilling in Alaska's Arctic National Wildlife Refuge, a potential first-of-its-kind opening of the pristine wilderness that will be challenged in court.

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Trump administration paves way for large drilling project in Alaska Arctic petroleum reserve

The Bureau of Land Management on Thursday took a step toward development of the Willow oil prospect in the National Petroleum Reserve-Alaska, a large ConocoPhillips effort that could help revive Alaska’s sagging economic fortunes, though critics say it endangers polar bears and the climate.

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Visa commits to environmental sustainability with $500 million green bond

Global digital payment technology company Visa has expanded its commitment to sustainability by issuing a $500 million green bond.

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IEA Sees 2020 Oil Demand Down 8.1 Million Bpd

The International Energy Agency expects crude oil demand this year to be 8.1 million bpd lower than it was in 2019, a downward demand forecast revision of 140,000 bpd, the authority said in its latest Oil Market Report.

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Whitehaven Vickery mine expansion to extract 250% more coal approved by New South Wales

The decision allows 168m tonnes to be extracted from the proposed Vickery coalmine, near Boggabri, over 30 years. Between 60% and 70% of it is expected to be metallurgical coal used in steel-making and the remainder thermal coal for electricity generation.

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Clean Energy: Scaling up Wind Power in Egypt

The Project strengthened the capacity of Egyptian Electricity Transmission Company (EETC) to develop, negotiate, and operate private Renewable Energy (RE) projects benefiting 1,466,422 persons of which 49 percent are women. In addition to the first privately owned 250 MW wind power plant, a second Project is under construction and several project proposals with a total capacity of about 1,250 MW (investment of about US$1.90 billion) are under consideration.

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US EIA sees higher spot gas prices in 2020 ahead amid production retreats

The US Energy Information Administration on Aug. 11 nudged up its forecasts for Henry Hub spot natural gas prices for the third and fourth quarters of 2020, even as it lowered estimates for natural gas production over the same period. The agency, in its August Short-Term Energy Outlook, raised its forecast for Q3 Henry Hub natural gas spot prices by 26 cents to $1.91/MMBtu, and increased its Q4 estimate by 15 cents to $2.61/MMBtu.

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Demand Crash Hit U.S. Refiners With Surging Biofuel Blending Costs

U.S. refiners are feeling the pinch not only from the lower fuel demand, but also from the surging costs for complying with the biofuel requirements as refining and blending activity is lower than usual. 

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India plans to fell ancient forest to create 40 new coalfields

Over the past decade, Umeshwar Singh Amra has witnessed his homeland descend into a battleground. The war being waged in Hasdeo Arand, a rich and biodiverse Indian forest, has pitted indigenous people, ancient trees, elephants and sloths against the might of bulldozers, trucks and hydraulic jacks, fighting with a single purpose: the extraction of coal.

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India's Adani not interested in domestic coal mine auctions: CFO

Indian Prime Minister Narendra Modi in June opened up coal mining without end-use restrictions and provided financial incentives to attract investment in India, which has the world's fourth largest coal reserves.

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Department of Energy Announces $33 Million for Natural Gas Pipeline Modernizing Projects

The U.S. Department of Energy today announced $33 million in funding for 10 projects as part of the Advanced Research Projects Agency-Energy’s (ARPA-E) Rapid Encapsulation of Pipelines Avoiding Intensive Replacement (REPAIR) program. REPAIR teams will develop natural gas transmission pipeline retrofitting technology to rehabilitate existing cast iron and bare steel pipes by creating new, robust pipes inside of old ones.

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More than 100 coal-fired plants have been replaced or converted to natural gas since 2011

According to data from the U.S. Energy Information Administration (EIA), 121 U.S. coal-fired power plants were repurposed to burn other types of fuels between 2011 and 2019, 103 of which were converted to or replaced by natural gas-fired plants.

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BP enjoys share bounce after unveiling plans to shift away from fossil fuels

BP has won guarded praise from climate emergency campaigners and a hefty share price bounce by unveiling new plans to shift away from fossil fuels and towards low carbon energy within the next decade.

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Illinois is a top energy consumer and producer in the Midwest

According to the U.S. Energy Information Administration’s (EIA) State Energy Data System (SEDS), Illinois had the highest energy consumption in the Midwest and was the third-highest energy producer of any state in the region.

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Research finds that more coal power generation closed than opened around the world this year.

Global Energy Monitor, a US research and advocacy group that tracks fossil fuel development, found the closure of coal generators closing, mostly across Europe and in the US, outstripped stations being commissioned, largely in Asia.

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Trumps Signs Permits To Boost Oil Export Infrastructure To Mexico

President Donald Trump signed two permits for oil export infrastructure along the U.S.-Mexico border in Texas to boost exports of crude to Mexico. One of the permits is for NuStar Energy, which will operate pipelines under the Rio Grande that transport crude oil and refined products from Texas to Mexico. The other permit is for Kansas City Southern Railway Co., which will build and operate a railway bridge in the border town of Laredo.

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Trump Administration Releases Policy Extending LNG Export Term to 2050

President Donald J. Trump announced during his speech in Midland, TX that the U.S. Department of Energy (DOE) is issuing a final policy statement that allows for liquefied natural gas (LNG) exports to non-free trade agreement (non-FTA) countries to be extended through the year 2050. This policy is a change from the current practice of granting 20-year export terms.

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2019 U.S. coal production falls to its lowest level since 1978

The decline of U.S. coal production so far in 2020 reflects less demand for coal internationally and less generation from U.S. coal-fired power plants. U.S. coal exports through May 2020 are 29% lower than during the first five months of 2019. U.S. coal-fired generation fell to a 42-year low in 2019, decreasing nearly 16% from the previous year, and has fallen another 34% through May 2020.

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Path to net zero: European oil majors outpace US companies on climate goals

The strong and growing pressure on oil and gas companies to dramatically reconfigure their core businesses to accept a lower-carbon agenda could soon lead to irreversible changes in the energy commodity markets.

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Early 2020 drop in crude oil prices led to write-downs of U.S. oil producers’ assets

According to publicly filed financial statements, 40 U.S. oil producers collectively wrote down $48 billion worth of assets in the first quarter of 2020, the largest quarterly adjustment since at least 2015.

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European Renewables Just Crushed Fossil Fuels. Here’s How It Happened

It’s official: in the first half of 2020, and for the first time, Europe generated more electricity from renewable sources than from fossil fuels. Not only that, but electricity is proving cheaper in countries that have more renewables.

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Shale Oil Production Dropped During the Pandemic. It May Take Years to Recover.

U.S. shale oil production has dropped since mid-March, with energy demand hit by the pandemic and domestic producers potentially cutting this year’s capital expenditures by around half, leading to expectations that output may not fully recover for years.

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Colorado ranks seventh among the 10th states with the most energy production

The U.S. Energy Information Administration’s (EIA) latest State Energy Data System (SEDS) update shows Colorado ranked seventh in energy production within a state in 2018. Since 2010, the growth in Colorado’s energy production has come primarily from increased fossil fuel production, particularly natural gas and crude oil. Electricity generation from renewable sources has also grown, and coal production has declined.

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New York solicits 4 GW of renewable energy in largest clean energy bid in history

New York Governor Andrew M. Cuomo announced what he says is the largest combined clean energy solicitations ever issued in the U.S., seeking up to 4,000 MW (4 GW) of renewable capacity to combat climate change.

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US-China tensions escalate after closure of Houston consulate

Diplomatic tensions between the US and China have escalated sharply with the Trump administration’s closure of the Chinese consulate in Houston to protect “American intellectual property and private information”.

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Two Chinese Hackers Working with the Ministry of State Security Charged with Global Computer Intrusion Campaign Targeting Intellectual Property and Confidential Business Information, Including COVID-19 Research.

The 11-count indictment alleges LI Xiaoyu (李啸宇), 34, and DONG Jiazhi (董家志), 33, who were trained in computer applications technologies at the same Chinese university, conducted a hacking campaign lasting more than ten years to the present, targeting companies in countries with high technology industries, including the United States, Australia, Belgium, Germany, Japan, Lithuania, the Netherlands, Spain, South Korea, Sweden, and the United Kingdom.

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Department of Energy Announces Energy Incubator Prize and Funding Opportunity

The U.S. Department of Energy (DOE) today announced up to $1 million in funding to support energy technology incubators through a new prize opportunity, the Energy Program for Innovation Clusters (EPIC). This prize is the debut initiative in a $5 million program by the DOE’s Office of Technology Transitions (OTT) to encourage robust growth of regional energy innovation ecosystems.

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Secretary Dan Brouillette and Minister Dharmendra Pradhan Release Joint Statement on the Virtual U.S. – India Strategic Energy Partnership Ministerial

U.S. Secretary of Energy Dan Brouillette and Indian Minister of Petroleum and Natural Gas and Steel Dharmendra Pradhan co-chaired a virtual ministerial meeting of the U.S.-India Strategic Energy Partnership (SEP), now at the two-year mark, to review progress and prioritize new areas for cooperation. The sides are working to enhance energy security, expand energy and innovation linkages, and facilitate increased industry and stakeholder engagement, including through the U.S.-India Gas Task Force. The SEP organizes cooperation through four technical pillars focused on Oil and Gas, Power and Energy Efficiency, Renewable Energy, and Sustainable Growth.

 

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DOE Announces $139 Million in Funding for 55 Projects to Advance Innovative Vehicle Technologies

U.S. Secretary of Energy Dan Brouillette announced $139 million in federal funding for 55 projects across the country that will support new and innovative advanced vehicle technologies. 

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Oil Prices Drop After EIA Confirms Crude Inventory Build

Crude oil prices fell further today after the Energy Information Administration reported a crude oil inventory build of 4.9 million barrels for the week to July 17.

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U.S. Threatens New Sanctions On Russian Gas Projects: ‘Get Out Now

The U.S. Department of State is updating its sanctions guidance under the Countering America's Adversaries Through Sanctions Act, CAATSA, to include Nord Stream 2 and the second line of TurkStream 2.

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OPEC+ Meets to Decide on Oil Output Cuts Easing

Después de julio, los recortes se reducirán a 7,7 millones de bpd hasta diciembre. Un panel que involucra a ministros clave y conocido como el Comité Conjunto de Monitoreo Ministerial (JMMC) se reúne el miércoles después de las 12 GMT para recomendar el próximo nivel de recortes.

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U.S. Ups Pressure To Push Venezuela Oil Exports To Zero

he United States is pressing shippers, insurers, certification organizations, and flag states registering vessels not to work with Venezuela as the Trump Administration is looking to cut off Nicolas Maduro’s regime from international oil trade, Elliott Abrams, the U.S. Administration’s special representative for Venezuela.

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China Grants First-Ever Fuel Export License To Private Refiner

Private Chinese refiner Zhejiang Petroleum & Chemical Co (ZPC) has received the country’s first-ever license to a private company to export refined oil products out of China. So far, only the big state-controlled oil majors in China, such as Sinopec, Sinochem, China National Petroleum Corporation (CNPC), and China National Offshore Oil Corporation (CNOOC).

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Rising Demand And The Lowest U.S. Natural Gas Prices Since 1995

This year since mid-January, U.S. gas prices have been below $2.00 per MMBtu, an insanely low price for increasingly the world’s go-to fuel. The floor for gas prices over the past four years has been $2.50. Moreover, at $1.44 last week, gas prices hit their lowest levels since 1995 despite U.S. gas production being down to 86-87 Bcf/d, compared to 93-94 Bcf/d pre-pandemic.

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New South Wales government awards $1m grant to develop ‘flying car’

The project, which has been in development for a few years, has been granted $950,000 to establish a testing facility and conduct flight tests in the NSW central west region of Narromine.

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Russia Eyes Another Massive Gas Pipeline To China

Troubling relations with the West in general and the U.S. in particular are increasingly driving Beijing and Moscow into each other's arms. As a result, the Chinese and Russian leadership have intensified political and economic collaboration that the countries' economies are highly complementary to each other, which is an opportunity for further integration. The obvious advantages have led to the landmark $400 billion ‘Power of Siberia pipeline’ agreement for the export of natural gas from Russia’s far east to northern China.

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Judge suspends Dakota Access pipeline over environmental concerns

The court ordered Energy Transfer to shut and empty the 570,000 barrel-per-day (bpd) line within 30 days, closing off the biggest artery transporting crude oil out of North Dakota’s Bakken shale basin to mid-west and Gulf coast regions.

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Australian banks 'undermining Paris agreement' with $7bn in fossil fuel loans

“Australia’s banks committed to support the Paris climate agreement in 2015. Half a decade later, they are wrecking its chances of success by continuing … to funnel billions into new polluting projects and companies dragging Australia in the wrong direction by lending $7bn to new or expanded fossil fuel projects that are entirely inconsistent with limiting global warming to 1.5C.

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Giant flywheel project in Scotland could prevent UK blackouts

The trailblazing project (cost about £25m) near Keith in Moray, will not generate electricity or produce carbon emissions – but it could help keep the lights on by stabilizing the energy grid’s electrical frequency. The project is a giant flywheel and could help to prevent blackouts across Britain by mimicking the effect of a power station but without using fossil fuels.

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Dominion Energy: Atlantic Coast Pipeline is cancelled

The Atlantic Coast Pipeline was initially announced in 2014 in response to a lack of energy supply and delivery diversification for millions of families, businesses, schools, and national defense installations across North Carolina and Virginia. Robust demand for the project is driven by the regional retirement of coal-fired electric generation in favor of environmentally superior, lower cost natural gas-fired generation combined with widespread growing demand for residential, commercial, defense, and industrial applications of low-cost and low-emitting natural gas.

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U.S. Shale Needs To Rethink Its Strategy To Survive

U.S. shale is hurting. While the entire global energy industry has been hit hard by the novel coronavirus pandemic and its disastrous effect on oil prices and oil demand, West Texas shale takes the cake for the biggest economic collapse. While the international Brent crude benchmark did take a beating, the West Texas Intermediate crude benchmark stunned the world when it plunged below zero on April 20, closing out the day at nearly $40 in the hole.

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Goldman Sachs: Prepare For A Global Consolidation Of Refineries

A wave of new oil refineries coming online in the Middle East and China will knock others offline, ushering in a period of consolidation, according to a new report from Goldman Sachs.

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DOE Report Spotlights Appalachia’s Economic Progress and Opportunities for Growth

At the direction of President Trump, the U.S. Department of Energy released a report titled, “The Appalachian Energy and Petrochemical Renaissance: An Assessment of Economic Progress and Opportunities.” The report is in response to the President’s directive in Executive Order 13868, Promoting Energy Infrastructure and Economic Growth to assess opportunities to promote growth in the Appalachian region. Built on the foundation of its rich energy resources, workforce, a pro-growth business environment, and geography, a renaissance is underway in Appalachia with much potential for job creation and economic opportunity.

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Stay-at-home orders led to less commercial and industrial electricity use in April

According the U.S. Energy Information Administration’s (EIA) latest Electric Power Monthly, April residential electricity sales in the United States have increased 8% compared with April 2019. At the same time, the commercial and industrial sectors saw decreases of 11% and 9%, respectively.

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REDUCING NATURAL GAS FLARING

At a recent meeting of the Texas Railroad Commission, the Texas Methane Flaring Coalition laid out a series of best-practice recommendations for industry and regulators to consider as we all move toward a goal of zero routine flaring in the Permian Basin.

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Two leading oil price reporting agencies launch new U.S. crude benchmarks to rival WTI

Two leading oil price reporting agencies separately launched new U.S. crude benchmarks on Friday, as part of an effort to rival the U.S. West Texas Intermediate futures contract.

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Renewable energy breaks UK record in first quarter of 2020

The government’s official data has revealed that renewable energy made up 47% of the UK’s electricity generation in the first three months of the year, smashing the previous quarterly record of 39% set last year.

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Oil Pricing Agencies Platts, Argus Launch New U.S. Crude Benchmarks

The two agencies are battling for primacy to price more than 3 million barrels of crude shipped to global markets every day from the U.S. Gulf Coast. Currently, those barrels are underpinned by the U.S. benchmark West Texas Intermediate futures price (WTI), reflecting crude delivered at Cushing, Oklahoma, some 500 miles (800 km) away.

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U.S. liquefied natural gas exports have declined by more than half so far in 2020

Daily natural gas deliveries to U.S. facilities that produce liquefied natural gas (LNG) for export were a record 9.8 billion cubic feet per day (Bcf/d) in late March 2020, but deliveries fell to less than 4.0 Bcf/d in June.

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Pirates Threaten Oil Operations In Gulf Of Mexico

According to Pemex’s own estimates, the losses from fuel theft over the past three years have reached $7.5 billion (147 billion Mexican pesos). A lot of the theft is conducted by gangs who are quick to resort to violence as they fight among themselves for greater access to state fuels and also engage in extortion of oil workers.

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IEA Unveils $3 Trillion Covid-19 Clean Energy Recovery Plan

The International Energy Agency (IEA) unveiled on Thursday a sustainable recovery plan for the global post-coronavirus economy over the next three years, which will require total investments of US$3 trillion.

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Climate emission killer: construction begins on world’s biggest liquid air battery

The project near Manchester, UK, will use spare green energy to compress air into a liquid and store it. When demand is higher, the liquid air is released back into a gas, powering a turbine that puts the green energy back into the grid.

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Absent From Stimulus Packages: Overhauling Energy, Climate Programs

The United Nations and International Energy Agency suggest all nations consider climate when drafting stimulus plans. The European Union is developing a plan that does that. But here in the United States, climate change and reducing greenhouse gas emissions have not been a part of the $3 trillion in relief packages passed so far. That's despite the country's history of passing big energy programs to boost the economy.

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Chesapeake May Go Bankrupt This Week

Chesapeake Energy could file for Chapter 11 bankruptcy protection later this week, according to unnamed sources who spoke to Reuters.

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EDF, Enbridge part of consortium gaing $507M Euro financing for French offshore project

The European Investment Bank (EIB) is financing a consortium made up of EDF Renouvelables, Enbridge and wpd to construct one of the largest wind energy farms in France.

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BP expects to take $17.5bn hit due to coronavirus writedown

BP will slash up to $17.5bn (£14bn) from the value of its oil and gas assets, and may be forced to leave new fossil fuel discoveries in the ground, after its own forecasts found the Covid-19 pandemic may affect the world’s oil demand for the next 30 years.

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BBVA co-signs a letter to promote renewable energy in the European recovery

The manifesto, which has been signed by 43 of Europe’s largest consumers of renewable energy and 12 major suppliers, was sent today to the European Commission and the member states of the European Union. It appeals to the ‘Next Generation’ plan recently announced by the European Commission to “guarantee a sustainable, uniform, inclusive and fair recovery for Member States.” It is a “unique opportunity to maintain momentum and accelerate the renewable energy deployment to spur the recovery.”

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The Unique Ways Oil Companies Are Looking To Avoid Bankruptcy

U.S. shale firms have fewer financing options now than they did in the 2015-2016 downturn. Thus could drive consolidation in the industry with some attractive M&A opportunities emerging.

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Asian Buyers Are Scooping Up Dirt Cheap Oil Assets

When a week ago, Rystad Energy reported that the oil and gas industry was divesting more than 12 billion barrels of oil equivalent in assets, it hardly came as a surprise. Asset sales, along with layoffs, are the default reaction of the industry to hard times. But is anyone buying?

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Mexico’s Cenagas Focuses on Southeast, Industrials in New Consulta Pública

Mexico’s Centro Nacional de Control del Gas Natural (Cenagas) has launched the Consulta Pública 2020 with a specific focus this year on the natural gas needs of the south and southeastern parts of the country and industrial users.

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EIA’s liquids pipeline database provides detail on U.S. petroleum infrastructure changes

The U.S. Energy Information Administration (EIA) updated its Liquids Pipeline Projects Database, which includes a summary of more than 225 liquids pipeline projects in the United States and pipeline projects that cross into Mexico and Canada that are planned, under construction, on hold, or have been completed since 2010.

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EU plans Eur1 billion call for renewables, hydrogen, CCS projects

The European Commission will open its first annual Eur1 billion ($1.1 billion) call to fund large-scale renewables, clean hydrogen, energy storage, and carbon capture and storage/use projects by the end of July.

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Trump orders agencies cut environment reviews, citing 'economic emergency'

The Trump administration continued to weaken core environmental protections in the US by announcing a pair of policies to cut reviews for large infrastructure projects and downplay the health benefits of rules to curb pollution.

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World leaders must fund a Covid-19 vaccine plan before it's too late for millions

This week, the UK government will convene key partners and countries from around the world at the Global Vaccine Summit.

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Civil Rights Groups, Black Lives Matter Sue Trump Administration Over Protest Violence

Civil rights groups, including the American Civil Liberties Union and Lawyers' Committee for Civil Rights Under Law, filed a lawsuit Thursday against the Trump administration and federal law enforcement agencies.

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Big Oil’s Race To Net Zero

European supermajors have been all but shouting about it: they are diversifying into renewable energy, and they will all be net-zero companies by 2050, in line with Paris Agreement targets. But who will get there first?

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Iran To Reach Production Target At World’s Largest Gas Field This Year

The South Pars non-associated natural gas field is at the core of Iran’s strategy to produce at least one billion cubic metres per day (bcm/d) of natural gas as soon as possible and it is as important a target to Iran as reaching 5.7 million barrels per day (bpd) of crude oil output.

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China’s Crude Oil Imports Rebound To Near Record High

China’s crude oil imports jumped by 13 percent from April to near record-highs of 11.11 million bpd in May, due to favorable spreads of the Shanghai-traded yuan-denominated oil futures and a rampup in refinery throughput, oil analytics firm OilX said in a report this week.

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Lower crude oil prices will mean less exploration and development

According to the financial reports analyzed by the U.S. Energy Information Administration (EIA), global expenditures related to oil and natural gas exploration and development (E&D) increased $42 billion (13%) for 102 publicly traded oil companies in 2019, totaling $361 billion. As a result of significant crude oil price declines in 2020, however, global proved reserves will likely be revised downward, and E&D expenditures will also likely decline. Several companies have already announced large budget reductions.

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Even at Higher Oil Prices, More North American E&Ps Predicted to Seek Bankruptcy Protection

Nineteen North American exploration and production (E&P) operators have filed for bankruptcy protection since the start of the year, and it is “reasonable to expect” more companies will seek protection from creditors in the months to come.

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Manufacturers urge bailout as sector suffers

The government should step in to support key sectors, in line with other countries, Make UK urged.

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Citing Market Turmoil, Oklahoma-Based Templar Files for Bankruptcy

Anadarko Basin independent Templar Energy LLC has filed for Chapter 11 bankruptcy protection, joining a growing list of distressed operators amid the sharpest oil market downturn in recent memory.

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