Electric Power News

Oil and Gas News

Grid operators urge DOE, regulators to fix gas system
Four large U.S. regional grid operators are asking regulators to mend tensions between the electricity and natural gas sectors.

U.S. carbon emissions fell in 2023, mainly thanks to natural gas displacing coal at power plants
Gas has gotten really cheap, so power companies are burning it instead of coal.

Massive transformer delivery to Lake Hubbard Power Plant shows growth in Kaufman, Rockwall Counties
A work convoy Wednesday delivered the power transformer to the natural gas-fueled generator in Sunnyvale. It took crews days to transport the cargo from Victoria, because the load weighed 1.2 million pounds, according to one truck driver in the caravan.

Yelahanka's 370-MW gas power plant set for April launch
The foundation stone for the conversion of the existing diesel plant into a 370-MW gas-based thermal plant was laid in 2016.

Swedish virtual power plant software developer secures funding
Swedish virtual power plant software platform developer Fever Energy is expanding into Europe enabled by a $10.81 million round of venture capital.

Ameren announces green energy plans
Ameren announced Thursday it will repurpose a shuttered coal power plant in south St. Louis County and build a new natural gas plant on the site. The proposed plant would be part of the network of cleaner energy sources poised to take over electricity production from Labadie Energy Center in the coming decades.

Mexico City’s new solar power plant is ‘largest of its kind in the world’
The 32,000 solar panels installed over 21 hectares (52 acres) above the capital’s Central de Abasto (CEDA) have 18 megawatts of capacity, and will generate up to 25 gigawatt hours (GWh) of renewable electricity per year, according to data from Mexico City officials.

Unalaska weighs energy options as geothermal project requests new terms
Unalaska is closer than ever to building a geothermal power plant on Makushin Volcano, but the project is facing investment challenges and the city is weighing its options.

Scatec partners with Egyptalum for 1,000MW solar power plant in Egypt

Turkey’s installed solar capacity reaches 12.2GW
Turkey’s installed solar capacity has surpassed wind thanks to the addition of hybrid projects, as the country boasted 12.2GW of installed solar capacity as of early 2024.

 

Russia’s disrupted oil trade crimps margins for Indian refiners
India’s state-run refiners are facing a shift in fortunes as once cheap Russian oil becomes more expensive and less accessible, squeezing profits for companies that had been benefiting from Moscow’s war in Ukraine.

UK Quits Treaty Allowing Oil Firms to Sue Governments Over Climate Policy
The UK will leave the Energy Charter Treaty (ECT), a 1994 pact that allows oil and gas companies to sue governments over their climate policies for compensation for lost profits.

Methane-Spewing Gas and Oil Drillers Owe the US Billions—in Theory
The challenge is tracking and fining them.

U.S. Crude Oil Stocks Rose by 3.5 Million Barrels
U.S. crude oil inventories rose last week, and gasoline and distillate fuel stocks declined with refinery capacity use unchanged, according to data released Thursday by the U.S. Energy Information Administration.

EIA Confirms Crude Build, Surprises with Products Draw
This followed a sizeable build of 12 million barrels for a week that also saw gasoline and middle distillate fuel inventories decline.

The Race for Natural Hydrogen Is Heating Up
White hydrogen, naturally occurring and renewed within the earth's surface, offers a renewable and potentially abundant source of clean energy for various applications.

China Seeks Cheap Spot LNG Supply as Prices Dip to Three-Year Low
Chinese LNG importers are on the lookout for cheaper supply of liquefied natural gas on the spot market as prices in North Asia have halved from October levels and slid to a nearly three-year low last week.

Suncor breaks oilsands record, but adjusted earnings fall on weaker oil prices
Suncor's total upstream production in the quarter was 808,100 barrels of oil equivalent per day, the second-highest quarter in the company's history, while its oilsands production hit an all-time record of 757,400 boe/d.

Cheniere Energy Inc (LNG) Reports Robust Financial Results for 2023 and Sets 2024 Guidance
As the leading producer and exporter of liquefied natural gas (NYSE:LNG) in the United States, Cheniere Energy owns and operates the Sabine Pass and Corpus Christi LNG terminals, with a significant stake in Cheniere Partners, and a marketing arm that handles LNG sales using Cheniere's gas volumes.

Venture Global LNG customers challenge permit extension request
Three of Venture Global LNG's major customers have asked U.S. energy regulators to address the LNG developer's request for an one-year permit extension to complete a Louisiana export facility, signaling their intention to voice concerns.