electricity

Despite Midterm Blow, Mexico’s AMLO Still Aiming at Electric Power Reform

Despite Midterm Blow, Mexico’s AMLO Still Aiming at Electric Power Reform

Mexico President Andrés Manuel López Obrador said during his daily press conference on Tuesday that his government would work toward a constitutional reform in the electric power sector. “We need a reform so that domestic users, and the poor and middle class, don’t pay more for their electricity than big corporations,” he said. The president…

June 15, 2021
PJM Natural Gas-Fired Capacity to Rise Based on Latest Auction Results

PJM Natural Gas-Fired Capacity to Rise Based on Latest Auction Results

A significant increase in new combined-cycle natural gas plants is expected to add 3,414 MW of capacity to PJM Interconnection’s power supply resources beginning in June 2022 through May 2023, according to the results of its latest auction. This year’s auction produced 144,477 MW of total resources for the 2022/2023 period. Headquartered in Valley Forge,…

June 5, 2021
Biden Administration Looks to Northern California’s Offshore to Site More Wind Energy Projects

Biden Administration Looks to Northern California’s Offshore to Site More Wind Energy Projects

California’s coast may be the site of the West Coast’s first installment of offshore wind infrastructure following an announcement by the Biden administration this week. The administration said the Department of Interior (DOI), Bureau of Ocean Energy Management (BOEM) and the Department of Defense (DOD) have agreed to lease 399 square miles off the northern…

May 30, 2021
Pricier Natural Gas to Generate Less U.S. Power This Summer, EIA Says

Pricier Natural Gas to Generate Less U.S. Power This Summer, EIA Says

Coinciding with higher natural gas prices, the share of U.S. electricity generation powered by gas is set to decline this summer compared to last, the Energy Information Administration (EIA) said in research published this week. In its Summer Electricity Outlook, released as a supplement to the May Short-Term Energy Outlook, EIA said it expects natural…

May 12, 2021
BP Hitting Grand Slam in Reducing Permian Emissions by Switching to Electricity from Natural Gas

BP Hitting Grand Slam in Reducing Permian Emissions by Switching to Electricity from Natural Gas

BP plc, which is aiming to eliminate natural gas flaring in the Lower 48 by 2025 on its transition to becoming a zero-emissions producer, said it has taken a big step toward that goal with a state-of-the-art facility in the Permian Basin. The electrified Grand Slam facility near Orla, TX, is a central oil, gas…

April 21, 2021
U.S. Power Grid Said to Need Reinforcements to Ensure Reliability

U.S. Power Grid Said to Need Reinforcements to Ensure Reliability

Accelerating innovation is among the long list of recommendations needed to strengthen the U.S. power grid, according to the National Academies of Sciences, Engineering, and Medicine.  The report, mandated by Congress, came in the wake of the winter freeze last month that severely strained the power grid in Texas and other states. In the report,…

March 4, 2021
Mexico’s AMLO Touts Amended Ethane Contract, New Electricity Law as Sector Unease Mounts

Mexico’s AMLO Touts Amended Ethane Contract, New Electricity Law as Sector Unease Mounts

Mexico’s president and the CEO of its state oil company Petróleos Mexicanos (Pemex) said Wednesday that the terms of an ethane supply contract between Pemex and petrochemicals firm Braskem Idesa (BI) have been amended. The changes would benefit Pemex, said President Andrés Manuel López Obrador and Pemex CEO Octavio Romero Oropeza, although BI had yet…

March 3, 2021
April Natural Gas Futures Eke Out Gain on Tail of Strong Cash Prices

April Natural Gas Futures Eke Out Gain on Tail of Strong Cash Prices

Natural gas futures on Monday hovered in a narrow range of gains and losses as traders weighed outlooks for mild spring weather and its dampening effect on domestic demand against a recovery in liquefied natural gas (LNG) levels. The April Nymex contract ultimately settled at $2.777/MMBtu, up six-tenths of a cent day/day, supported by strength…

March 1, 2021
Mexico Energy Investors Looking to Biden, USMCA to Defend Interests, Expert Lawyer Says

Mexico Energy Investors Looking to Biden, USMCA to Defend Interests, Expert Lawyer Says

“Investors are waiting to see if U.S. President Biden will defend the interests of the North American companies that have money invested in Mexico and that are financed by development banks in North America,” Antonio Prado, seasoned international lawyer and executive at consultancy EnerSalpra, told NGI’s Mexico GPI.  “There’s a lot of hope that there…

February 26, 2021
Record-Setting Cold Lifts Algonquin Natural Gas to $16, OGT Says Hold My Beer

Record-Setting Cold Lifts Algonquin Natural Gas to $16, OGT Says Hold My Beer

Unfazed by the tumultuous weather pattern circulating throughout much of the United States for the next week or so, natural gas futures closed Thursday with a whimper. A big bearish miss on the latest storage data sealed March Nymex futures’ fate early in the session, with the contract ultimately slipping 4.3 cents to $2.868/MMBtu. April…

February 11, 2021
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