Energy

“For Mexico to diversify away from U.S. natural gas imports in the medium to long term, the answer is potentially shale,” W. Schreiner Parker, senior vice president and head of Latin America at Rystad Energy, said in an interview with NGI’s Mexico GPI.  “The other interesting area of domestic supply is offshore gas,” he said.…

A result of both higher retail prices and higher forecast consumption, the Energy Information Administration (EIA) expects U.S. households to spend more on energy this winter compared with the 2021-22 heating season, with the largest increase for homes that heat with natural gas. The agency’s latest Winter Fuels Outlook, included in its updated Short-Term Energy…

Since Russia’s unprovoked invasion of Ukraine, countries around the world are shifting their priorities toward energy affordability, according to a group of experts who spoke in New York City on Wednesday. The last 10 months have brought the issues of energy security, climate change and affordability “into contention,” according to Fahad Alajlan, president of Saudi…

Vanguard Renewables, a renewable natural gas (RNG) producer with projects across New England, said it has been acquired by BlackRock Real Assets.  A source familiar with the deal told NGI that BlackRock purchased the RNG producer from Vision Ridge Partners for $700 million. The investment could help Vanguard Renewables develop its plans to bring more…

U.S. oil production last week held at a high point for the year as overall petroleum demand increased, led by consumption of travel fuels, the U.S. Energy Information Administration (EIA) reported Thursday.   Producers pumped 12.1 million b/d for the week ended July 1, according to the EIA’s Weekly Petroleum Status Report. That continued the pace…

Chevron Corp. CEO Mike Wirth urged President Biden on Tuesday to stop criticizing the oil and gas industry to score political points and instead work constructively with energy executives about how to deal with high commodity prices.  The letter from Wirth preceded a meeting scheduled on Thursday between oil and gas chiefs and the administration.…

Atlanta Gas Light Co. (AGLC), one of the South’s largest natural gas distributors, is expanding its liquefied natural gas (LNG) peak shaving facility in the exurbs of Atlanta as part of a long-term response to growing energy demand. The Southern Co. affiliate has started work on a $250 million expansion of its Cherokee LNG facility…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The energy sector is under the spotlight in Mexico perhaps unlike any time in recent history. The modification of the sector’s legal…

Even with growth in renewables, natural gas and petroleum are expected to supply most of the energy consumed in the United States through 2050, according to updated long-term forecasting from the Energy Information Administration (EIA). In its Annual Energy Outlook (AEO) 2022 report, published Thursday, the agency said renewables would represent the fastest-growing U.S. energy…