Energy
Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.
California natural gas storage levels are much lower in the north than in the south
| August 01, 2022 | Energy
Working natural gas inventories at storage facilities operated by the two largest natural gas distributors in California—Pacific Gas & Electric (PG&E) in the north and Southern California Gas Company (SoCalGas) in the south—totaled 100.6 billion cubic feet (Bcf) as of June 30, 2022, according to publicly available company data. Although total California inventories are 4% higher than they were one year ago, storage operation and capacity utilization vary significantly by region.
EU gas unity tested as Italy drops regional benchmark from bills
| August 01, 2022 | Energy
Gazprom daily output hit multiyear low in July on export slump
| August 01, 2022 | Energy
Oil facilities at key Mideast trading hub in chaos after floods
| July 29, 2022 | Energy | Conventional
Eskom’s hunt for more power may risk Zimbabwe import deals
| July 29, 2022 | Energy | Conventional
Manchin climate deal would boost US cleantech makers
Navigating the SEC’s proposed climate rule
| July 28, 2022 | Energy | Alternative | Intermodal | Shipping Technology | Trucking
As the global movement for decarbonization continues to accelerate, customers, investors and stakeholders are increasingly looking to make environmentally conscious purchasing, investing and partnering decisions. This is getting easier, as the advancement of environmental, social and governance (ESG) stewardship in the economy is pushing greater transparency across all areas of business operations, particularly when it comes to impacts on the environment. More than ever, companies of all sizes are taking stock of their sustainability progress and sharing it with investors and the public, hoping to garner goodwill and the increased confidence – and support – of both groups.
Pugh joins CakeBoxx Technologies to drive development of advanced transportation systems across offshore wind, renewables, hydrogen power and nuclear energy sectors
| July 28, 2022 | Energy | Alternative
U.S. Department of Homeland Security and U.S. Navy energy security and efficiency expert will focus on innovation, sustainability, resiliency, and best practices for the transportation and storage of high-value, high-consequence and mission-essential energy sector cargos.
Mexico trade deficit unexpectedly widens as fuel imports surge
| July 28, 2022 | Energy | International Trade
Russia’s Ukraine war turns fuel tankers into hot property
| July 28, 2022 | Energy | Maritime | Bulk
Extending investment tax credits through 2050 increases U.S. solar generation by 10%
| July 28, 2022 | Energy | Alternative
Federal ITCs and PTCs offset utilities' renewable technology installation costs and installation costs for distributed generation technologies in commercial and residential buildings. These credits gradually phase down or end entirely, also called sunsetting, depending on the sector and technology.
Kirby Corporation announces 2022 second quarter results
| July 28, 2022 | Energy | Maritime | Bulk
Smart Green Shipping announces £5m investment into FastRig wing sail technology
| July 28, 2022 | Energy | Alternative | Maritime | Technology
Canada claims victory on EV tax credits in Manchin-Schumer deal
| July 28, 2022 | Energy | Alternative | International Trade
AMLO risks long US-Mexico trade spat by insisting on energy policy
| July 28, 2022 | Energy | International Trade | Commodity
US and Canadian companies have been clamoring for action against Mexico’s nationalist energy policies, but the trade complaint their countries filed this week could lead the North American region down a dangerous road.
The steady erosion of Russian oil exports continues
| July 27, 2022 | Energy
Seaborne flows have fallen by 480,000 barrels a day since mid-June
The United States became the world’s largest LNG exporter in the first half of 2022
| July 27, 2022 | Energy
The United States became the world’s largest liquefied natural gas (LNG) exporter during the first half of 2022, according to data from CEDIGAZ. Compared with the second half of 2021, U.S. LNG exports increased by 12% in the first half of 2022, averaging 11.2 billion cubic feet per day (Bcf/d). U.S. LNG exports continued to grow for three reasons—increased LNG export capacity, increased international natural gas and LNG prices, and increased global demand, particularly in Europe.
Battery systems on the U.S. power grid are increasingly used to respond to price
| July 27, 2022 | Energy
According to the early release of our Annual Electric Generator Report, the capacity of utility-scale battery storage more than tripled in the United States during 2021, from 1.4 gigawatts (GW) at the end of 2020 to 4.6 GW. The survey asked respondents how they use batteries, and respondents could cite more than one application for a system. Although battery systems have several common applications, more systems are increasingly used to store electricity when prices are low and discharge electricity when prices are high, a strategy known as price arbitrage.
Record US oil exports set to grow as WTI discount deepens
| July 27, 2022 | Energy
Schlumberger says unpaid Russia bills amount to $400 million
| July 27, 2022 | Energy
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