California

Newsom Signs CA Law to Advance ‘Firm Zero-Carbon’ Electricity, Touts $15B Climate Package

Newsom Signs CA Law to Advance ‘Firm Zero-Carbon’ Electricity, Touts $15B Climate Package

California Gov. Gavin Newsom on Friday signed into law Senate Bill (SB) 423 to accelerate the deployment of “firm zero-carbon resources” for electricity production. The bill was one of 24 signed Friday alongside a $15 billion spending package focused on climate and clean energy efforts, as well as wildfire and drought resiliency. SB 423 defines…

September 27, 2021
California’s Request to Burn Natural Gas OK’d by DOE as Supply Risks Imminent

California’s Request to Burn Natural Gas OK’d by DOE as Supply Risks Imminent

The Department of Energy (DOE) has approved a request by California’s electric grid operator to dispatch more than 200 MW of natural gas-fired generation capacity beyond currently permitted levels to compensate for projected shortfalls in power supply. In a letter Wednesday (Sept. 7) to DOE Secretary Jennifer Granholm, the California Independent System Operator’s (CAISO) Mark…

September 13, 2021
BP Looks to Build U.S. RNG Portfolio in Iowa and California

BP Looks to Build U.S. RNG Portfolio in Iowa and California

BP plc subsidiaries are set to expand their renewable natural gas (RNG) resources in a deal with a Gevo Inc. Iowa facility now under construction BP Canada Energy Marketing Corp. and BP Products North America Inc. would buy the RNG, produced from dairy farm cow manure, from Gevo NW Iowa RNG LLC. Earlier this month…

August 18, 2021
California Proposes Limiting Natural Gas Use in New Construction Starting in 2023

California Proposes Limiting Natural Gas Use in New Construction Starting in 2023

In a major step toward eventual electrification, the California Energy Commission (CEC) on Wednesday proposed limiting the use of natural gas in new and remodeled buildings beginning in 2023. The standards still need approval by the California Building Standards Commission, which is scheduled to take up the issue in December. “The impact of climate change…

August 16, 2021
Strong Week for Eagle Ford, Williston Sends U.S. Rig Count Sharply Higher

Strong Week for Eagle Ford, Williston Sends U.S. Rig Count Sharply Higher

The Eagle Ford Shale and Williston Basin led a surge in U.S. onshore drilling activity during the week ended Friday as the domestic rig count rose nine units to an even 500, according to the latest figures from Baker Hughes Co. (BKR). Ten oil-directed rigs were added in the United States for the week, offsetting…

August 13, 2021
Cooler Weather Forecast, Persistently Softer LNG Volumes Send Natural Gas Futures Prices Tumbling

Cooler Weather Forecast, Persistently Softer LNG Volumes Send Natural Gas Futures Prices Tumbling

After another run toward $4.200/MMBtu last week, natural gas futures took a nosedive on Monday as long-range weather forecasts continued to cool while liquefied natural gas (LNG) demand remained well off recent highs. The September Nymex gas futures contract settled at $4.060, off 8.0 cents from Friday’s close. October dropped 7.9 cents to $4.075. Spot…

August 9, 2021
September Natural Gas Prices Trim Early Gains, but Settle Higher on Returning Heat

September Natural Gas Prices Trim Early Gains, but Settle Higher on Returning Heat

Natural gas futures traded both sides of the $4.00/MMBtu mark on Monday as bullish weather forecasts and persistently sagging storage levels quickly reversed the losses from late last week. The September Nymex gas futures contract hit a $4.042 intraday high but ultimately finished the day at $3.935, up only 2.1 cents from Friday’s close. Spot…

August 2, 2021
PG&E Attempting to Dig Out from Wildfire-Related Charges, Reports $1B in Losses from Previous Blazes

PG&E Attempting to Dig Out from Wildfire-Related Charges, Reports $1B in Losses from Previous Blazes

Facing new criminal charges for its alleged involvement in a massive 2020 wildfire, Pacific Gas and Electric Co. (PG&E) CEO Patti Poppe said the combination utility is making “profound changes,” such as burying its power lines to significantly lower the risks of future fires for both California and the company. Speaking on a 2Q2021 earnings…

August 2, 2021
Natural Gas Futures Rally for Second Day, Bolstered by Demand Outlook; Spot Prices Spike

Natural Gas Futures Rally for Second Day, Bolstered by Demand Outlook; Spot Prices Spike

Natural gas futures on Monday cruised higher for a second consecutive session as forecasts pointed to stronger weather-driven demand over the back half of July. The August Nymex contract advanced 10.5 cents day/day and settled at $3.779/MMBtu. The prompt month had gained 6.0 cents on Friday to close out trading last week. The September contract…

July 19, 2021
Sempra, DOE Looking to Partner on Low Carbon Solutions

Sempra, DOE Looking to Partner on Low Carbon Solutions

The Department of Energy’s National Renewable Energy Laboratory (NREL) has signed a memorandum of understanding (MOU) with San Diego-based Sempra Energy to work on decarbonization strategies. In the MOU, Sempra and NREL agreed to focus on advancing artificial intelligence to scale solutions across the United States. They also plan to integrate low-carbon fuel solutions, including…

June 21, 2021
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