Drought

Lower 48 Natural Gas Producers, Consumers Could Feel Pinch from Spring Drought

Lower 48 Natural Gas Producers, Consumers Could Feel Pinch from Spring Drought

The National Oceanic and Atmospheric Administration (NOAA) is predicting expanded drought conditions for much of the Lower 48 this spring, foreshadowing significant implications for natural gas producers and consumers. “Severe to exceptional drought has persisted in some areas of the West since the summer of 2020 and drought has expanded to the southern Plains and…

March 23, 2022
Brazil’s Petrobras Reports Surging Natural Gas Demand as Drought Limits Hydropower

Brazil’s Petrobras Reports Surging Natural Gas Demand as Drought Limits Hydropower

Brazilian national oil company Petróleo Brasileiro (Petrobras) reported a 43.5% year/year (y/y) increase in domestic natural gas sales volumes during the third quarter as severe drought limited hydroelectric output in the South American country. Gas sales totaled 89 MMm3/d, up from 62 MMm3/d in 3Q2020, management said in presenting the firm’s quarterly earnings. Petrobras relied…

November 2, 2021
Drought Said Exacerbating Already Tight Power Market Conditions Across West

Drought Said Exacerbating Already Tight Power Market Conditions Across West

The shutdown of California’s 644 MW Edward Hyatt hydroelectric power plant because of insufficient water levels at the Oroville Dam reservoir is squeezing an already tight power market in the western United States, according to Moody’s Investors Services. On Aug. 5, the California Department of Water Resources took the plant offline. This has contributed to…

August 19, 2021
September Natural Gas Prices Retreat in Face of Dangerously Low Storage

September Natural Gas Prices Retreat in Face of Dangerously Low Storage

The latest round of government storage data was about as bullish as it could be, but sellers came into the fold once weather models showed the upcoming heat being a little less intense. The September Nymex gas futures contract settled Thursday at $4.140, off 1.8 cents day/day. October slipped 1.5 cents to $4.148. Spot gas…

August 5, 2021
‘Substantial Role’ Seen for Natural Gas as Extreme Drought Crippling Western Hydro Generation

‘Substantial Role’ Seen for Natural Gas as Extreme Drought Crippling Western Hydro Generation

With the western United States now in its second year of a widespread drought, the extraordinarily low water levels at some of the critical reservoirs are adding a layer of uncertainty to electric reliability this summer. The power generated from the West’s fleet of hydroelectric generating facilities is on pace to be much lower than…

June 26, 2021
Expectations High for California Hydropower, Less Gas-Fired Generation

Expectations High for California Hydropower, Less Gas-Fired Generation

California power grid officials will not make it official until April, but state energy regulators and large consumers are expecting a deluge of cheap hydroelectric supplies this spring and summer, although there are still factors that could dampen the full unfolding of that scenario after five years of sub-normal water power due to the region’s prolonged drought.

March 13, 2017

AccuWeather Sees Mild Winter Weather Ahead For Northeast

The upcoming winter will be influenced by an intensifying El Nino effect, bringing relatively mild weather to population centers in the Northeast and drought relief to California, according to AccuWeather’s 2015-2016 U.S. Winter Forecast, which was released Wednesday.

October 7, 2015

New Natural Gas-Fired Facility, Mild Weather Spell Plenty of Summer Capacity, Says ERCOT

Texas should have plenty of generation capacity, natural gas and otherwise, to deal with an expected mild summer and the startup of one big gas-fired facility sooner than expected, officials with the Electric Reliability Council of Texas (ERCOT) said Monday.

May 4, 2015

New Natural Gas-Fired Facility, Mild Weather Spell Plenty of Summer Capacity, Says ERCOT

Texas should have plenty of generation capacity, natural gas and otherwise, to deal with an expected mild summer and the startup of one big gas-fired facility sooner than expected, officials with the Electric Reliability Council of Texas said Monday.

May 4, 2015
California Gas-Fired Power Increased Before Drought, Nuclear Plant Closure

California Gas-Fired Power Increased Before Drought, Nuclear Plant Closure

Shadowing recent federal data on drought-driven upswings in the use of natural gas for power generation, the California Energy Commission (CEC) crunched some of its own statistics and found that the shift to gas preceded both the three-year drought and the closure of the San Onofre Nuclear Generating Station (SONGS) last year.

October 30, 2014
‹ Previous 1 2