covid-19

U.S. energy supplies took a hit in April that typically occurs only in times of natural disasters, with natural gas production dropping to levels not seen since Hurricane Issac ravaged the Gulf Coast in 2012, according to the Energy Information Administration (EIA). Lower 48 natural gas production fell by 2.6 Bcf/d in April, marking the…

Employment continued to shrink during June in Canadian oil and natural gas fields, with service and supply contractors suffering the deepest losses, according to the industry’s workforce monitoring agency. Cuts of 5,600 field personnel accounted for 84% of 6,700 layoffs recorded last month by Calgary-based Petroleum Labor Market Information (PetroLMI) from Statistics Canada surveys. The…

The Covid-19 pandemic played a central role in how state of Washington regulators finalized a $205 million general rate request from Bellevue, WA-based Puget Sound Energy (PSE), and they indicated that will be their practice for as long as the virus is present. New natural gas and electric rates are effective July 20. In the…

Both revenue sharing and energy production should be increased on the Outer Continental Shelf (OCS), according to a group of governors representing Alabama, Alaska, Louisiana, Mississippi and Texas. “As our states recover from both Covid-19 and the economic downturn, we need to build a path to recovery by looking for ways to stimulate our respective…

The U.S. natural gas rig count remained unchanged at 75 during the week ended Friday, while a modest decrease in oil activity showed upstream activity finally leveling off after a prolonged period of Covid-induced retrenchment. According to the latest figures from Baker Hughes Co. (BKR), the overall U.S. rig count posted its smallest weekly decline…

Royal Dutch Shell plc is not backing off its ambition to become a net-zero emissions energy operator by 2050, and in fact, management expects Covid-19 to accelerate the energy transition. In a recorded video for the global workforce, CEO Ben van Beurden said Tuesday there was an “opportunity of a green recovery” as the world…

As areas of the United States begin transitioning to another new normal by slowly reopening to recover from Covid-19, some natural gas utilities are also shifting their pandemic policies and attempting to help their customers along the way.  National Association of Regulatory Utility Commissioners (NARUC) President Brandon Presley has established a task force to focus…

The Covid-19 pandemic may spur longer lasting changes that have accelerated the energy transition from fossil fuels, with investments in renewables now growing at a fast clip, according to analysts.

A sharp recovery in natural gas liquids (NGL) production projected in the Permian Basin won’t be enough to stave off a dramatic decline in overall U.S. output, which Rystad Energy is forecasting will tumble to under 4.2 b/d in 2021.