U.S. oil and gas companies, and their investors, are at risk of significant stranded assets because they are not adequately reflecting the impacts of the climate crisis and the clean energy transition in their financial reporting
Latin America’s rising demand for natural gas presents broad opportunities across the industry. While these opportunities may be most acutely present in Mexico — where a steadily growing economy is catalyzing soaring natural gas imports from the United States — conditions across the region reflect positive trends for U.S. producers and midstream players. Emerging markets are eager to tap U.S. supplies and seize on natural gas’s potential as a low cost, reliable and cleaner power generation source.
Lower gas prices are driving investment across the sector as the industry hedges its bets on market recovery. Continuing flat demand has caused a stalemate across the industry, and most natural gas utilities remain in waiting mode. Nevertheless, the industry is looking ahead. It is expecting demand to shift and prices to eventually rise, and utilities are working to keep their assets running and maintain the systems currently in place.
Experts have predicted the amount of energy used by data centers will triple in the next decade, and as a responsible cloud computing company, iomart has started its journey to sustainable growth through lower energy consumption across its data centers. The company turned to Schneider Electric to lower energy use, meet energy compliance standards, and manage volatile energy costs.
Businesses across Virginia are commending Gov. Terry McAuliffe’s proposed rule that would cut carbon dioxide emissions from the Commonwealth’s electricity sector by 30 percent between 2020 and 2030.
The McAuliffe Administration will present their proposal to the State Air Pollution Control Board later today in Richmond.
On August 25, 2017, Hurricane Harvey (a Category 4 storm) made landfall on the southern Texas coast as one of the most damaging storms to hit one of the United States’ largest cities. What followed was catastrophic flooding that affected millions of Gulf Coast residents, businesses and the overall energy market.
Tracey Dubuque has worked with Tetra Tech for more than 15 years. She began her career as an engineer working in Tetra Tech’s remediation group. In 2005, she transitioned to working on energy projects, supporting front-end permitting and siting for various wind developers. In 2013, she became the practice leader for Tetra Tech’s onshore wind program.
New Scientist reports Bitcoin miners conspicuous consumption of (mostly fossil-based) electricity at 23.07 terawatts annually, see "Bitcoin Energy Bill Matches Ecuador's!" “Thus, COP23’s newest challenge is from the growing speculative bubble of Bitcoin and the rush to additional cryptocurrencies.
ENGIE North America and Holyoke Gas & Electric have just announced a contract for the largest utility-scale energy storage project in Massachusetts at the Mt. Tom Solar facility. What is the significance of this milestone?
Even as the global supply of natural gas surges — lowering the cost but also the margins for organizations across the industry — production shows no signs of decelerating. Countries with abundant reserves stand poised to raise their output, hoping to satisfy an increasing worldwide appetite for cleaner energy. But major questions persist about the ability of emerging markets to absorb this expected surge in supply, given challenges that include the lack of terminals, pipelines and other infrastructure.
The dominant sentiment within the natural gas industry is that the current low price environment is likely here to stay. Throughout the value chain, industry players who were once awaiting a market recovery are now taking a different, but more holistic, view on planning for the future: a view that is focused on optimizing current assets, rightsizing workforces and incorporating cost-cutting measures.
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