power generation

A symbiotic relationship is burgeoning in North America between oil and natural gas producers and miners of the cryptocurrency Bitcoin. Both groups are seeking to capitalize on immense volumes of excess and/or stranded natural gas flared off or shut in by a lack of infrastructure. Bitcoin mining offers a new outlet for this gas at…

After two years of slumping liquefied natural gas (LNG) demand in South America’s major economies, the tide this year has shifted. Even as the first ever cargo of LNG is arriving this week in Mexico’s Baja California Sur, the country in fact has seen a sharp slowdown in LNG imports at its Manzanillo and Altamira…

With New York City aiming by 2040 to achieve net-zero electricity emissions, along with using 100% renewables and a ban on fossil fuel use in all new buildings, the Big Apple’s largest utility, Consolidated Edison Inc. (ConEd), has begun to make big adjustments, CEO Timothy Cawley said Tuesday. Our Energy Policy, an energy issues nonprofit,…

Oilsands specialist Suncor Energy Inc. committed Wednesday to cut 10 million tons (mt) or 34% of its 29 mt/year greenhouse gas emissions by 2030 as a step toward the Canadian government’s target of national net zero in 2050. The move coincides with investor enthusiasm for operators around the world to move toward net-zero emissions. It…

Natural gas-fired power generation declined 7% in the first four months of 2021 versus the same period a year earlier, a reflection of higher prices and increased competition from renewable fuels, according to new federal data. The Energy Information Administration (EIA) said in a report Monday the decline marked the first year/year decrease for the…

Electricity demand in the Northeast and parts of Eastern Canada this summer is projected to be roughly in line with 2020, with adequate capacity margins and sufficient transmission capability to meet needs, according to a regional power coordinator. In its 2021 reliability assessment, the Northeast Power Coordinating Council Inc. (NPCC) said the summer peak for…

The Port of Corpus Christi, a leading U.S. oil and natural gas export hub, has unveiled plans to explore green hydrogen production at its facilities in South Texas. Under a memorandum of understanding (MOU) announced earlier this week, the Corpus Christi port is partnering with finance giant Ares Management Corp. to look into the potential…

Natural gas-fired power plants only cause 2.3% of Ontario carbon emissions, but eliminating them would inflict at least a C$60 billion ($48 billion) bill on consumers, according to the Canadian province’s electricity suppliers. The Ontario Energy Association (OEA), a utilities and contractors group, totaled the costs of environmental demands for swift and total greenhouse gas…

A major revision in the April weather forecast coming back from the Easter weekend took a big chunk out of natural gas forward prices for the period ending April 8. The short work week ended with the May contract down an average 10.0 cents and the balance of summer (May-October) off 7.0 cents, according to…