power generation

The U.S. Energy Information Administration (EIA) reported an injection of 45 Bcf into storage for the week ending July 10, a print that reflected intense heat and robust cooling demand. The result pushed up Nymex natural gas futures, though early gains were modest amid lingering concerns about weak liquefied natural gas (LNG) demand. The build…

The U.S. Department of Energy (DOE) has awarded $11.5 million in funding for 12 research projects as part of Phase One of the Advanced Research Projects Agency-Energy’s (ARPA-E) FLExible Carbon Capture and Storage (FLECCS) program.  To adapt to conditions in an environment with high variable renewable energy (VRE), FLECCS projects awarded funding are to develop…

Houston-based McDermott International Ltd. has emerged from voluntary bankruptcy and cleared nearly all of its $4.6 billion debt off the books. The engineering, procurement and contracting (EPC) giant, which launched restructuring through Chapter 11 early this year, emerged with a $2.4 billion letter of credit capacity and $544 million of funded debt. “We will continue…

Dow Inc. has outlined a series of initiatives in order to combat plastic waste and achieve carbon neutrality by 2050. In its recently issued 2019 Sustainability Report, Michigan-based Dow said that by 2030, it would reduce its net annual carbon emissions by 5 million metric tons (mmt), or 15% from its 2020 baseline. Additionally, the…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following question-and-answer (Q&A) column as part of a regular interview series with experts in the Mexican natural gas market. This 33rd Q&A in the series is with Lisa Viscidi, Director of Energy, Climate Change & Extractive Industries…