The EIA released data today showing that U.S. energy-related carbon dioxide (CO2) emissions totaled 2,530 million metric tons in the first six months of 2016. This was the lowest emissions level for the first six months of the year since 1991, as mild weather and changes in the fuels used to generate electricity contributed to the decline in energy-related emissions.
As the No. 2 U.S. coal miner emerges from bankruptcy, a report in Europe warns of trouble ahead for the U.K. Arch Coal, Inc. (ticker: ARCH) said last week that it has successfully completed its financial restructuring and emerged from court protection with more than $300 million of cash on its balance sheet and a debt level of $363 million—7% of
After announcing $1.3 billion Marcellus/Utica midstream purchase, DTE says it will replace coal with 1 Gigawatt of NatGas Capacity Michigan’s DTE Energy (ticker: DTE) is making good on its dive into natural gas. Last Monday the company announced a $1.3 billion gas infrastructure buy in the Marcellus and Utica, followed Wednesday with the announcement of an equity offering to pay for the
The market for natural gas continues to grow as the U.S. currently produces and consumes more gas than ever before, according to EIA’s 2015 Natural Gas Annual. Prices for consumers continue to decline, although residential pricing for heating remains highest in the Eastern United States. Net imports also continue to decline as the country starts to export more natural gas
Wyoming, West Virginia and 25 other states, industry groups and others presented arguments before the D.C. Circuit Court of Appeals on Tuesday in opposition to the Clean Power Plan. The states argued the proposed rule goes far beyond the Environmental Protection Agency’s (EPA) authority. Wyoming would be particularly impacted as the rule requires the state to reduce its carbon dioxide
Detroit based power provider DTE Energy (ticker: DTE) announced it will purchase midstream natural gas assets in Appalachia. The combined purchase price for the assets to be acquired by DTE is $1.3 billion. The agreement calls for DTE to purchase 100 percent of Appalachia Gathering System (AGS), located in Pennsylvania and West Virginia, and 40 percent of Stonewall Gas Gathering (SGG), in West Virginia, from M3 Midstream.
NatGas Use in Electricity Generation Soars through 2040: EIA Report The U.S. Department of Energy’s Energy Information Agency released its newest comprehensive report today, its Annual Energy Outlook 2016. As to the agency’s projections for oil and gas prices and production levels, the report summarizes what its models show as follows. After 2017, U.S. oil production increases as prices rise
Wintershall Chairman Pitches NatGas Power Plants, as Pipelines are already in Place, whereas Transmission Lines would have to be Built to Import Wind-Generation After Germany’s nuclear phase-out in 2022 Bavaria will face a base load shortfall of up to 4 gigawatts, but existing gas pipelines in the North could offer an alternative to new electricity lines. “In 2022, if not before,
From the Canton Reporter Independent electricity companies, not utilities, are behind the projects, signaling how deregulation has taken root A power-plant building boom has hit Ohio, the first since shale natural gas changed just about everything in the state’s energy landscape. Six plants are under construction or in the planning stages across the state, including one near Circleville. The projects
From ABC News/AP Duke Energy Corp.’s purchase of Piedmont Natural Gas Co. will create a company with the financial resources to expand the distribution of natural gas across the country as utilities shift further away from coal to the cleaner-burning fuel, the chief executive of the country’s largest electric company said Monday. Duke Energy is spending $5 billion for Piedmont
New requirements: Vermont utilities must procure 55% of the electricity sold to customers from renewable sources in 2017, increasing to 75% in 2032 The State of Vermont is a recent example of a source of the tornadic nature of change that is coming to the power generation sector and electric utilities across the U.S. Joining California, Hawaii and New York with the nation’s most aggressive renewable
From the San Diego Union Tribune Anti-nuclear activists have been popping Champagne corks over the news that the last remaining nuclear power plant in California, the Diablo Canyon facility outside of San Luis Obispo, is expected to shut downwithin the next nine years. But a number of critics say if history is a guide, California will become more dependent on
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
