power generation

New Fortress Energy Inc. (NFE) said Monday it has signed an agreement to supply natural gas to two power plants owned by Mexican state power utility Comisión Federal de Electricidad (CFE) in Mexico’s difficult-to-reach Baja California Sur (BCS) state. NFE will supply the equivalent of about 250,000-500,000 gallons (20,000-40,000 MMBtu)/d of liquefied natural gas (LNG)…

“By pausing the renewable energy auctions and pausing the oil auctions, the president has basically given a ‘stay away’ signal to foreign investment in the energy sector,” David Goldwyn, Chairman of the Atlantic Council Global Energy Center’s Energy Advisory Board, told NGI’s Mexico Gas Price Index. Recent policy decisions have “really put into question Mexico’s…

Anybody hear about hydrogen’s potential in the energy transition? A better question: has anyone not heard about the potential for the ancient element to upend the oil and gas complex? Hydrogen in all its myriad colors has become omnipresent in every conversation about the energy transition. Oil and gas operators of all shapes and sizes…

Federal judges in Mexico have now suspended the implementation of controversial new legislation in the power sector on both economic and environmental grounds.  Greenpeace Mexico on Tuesday announced it had successfully lobbied for a judicial order suspending, on a provisional basis, implementation of the new rules that were passed by Mexico’s Senate on March 3.…

“The principal concern of international companies and investors is the uncertainty that the electricity law could cause, and a lot of people are holding off on further investments while they wait to see what will happen,” Marcela Roque, Energy Director at Luxem Energía in Mexico City, told NGI’s Mexico Gas Price Index. “Many investors have…

Princeton, NJ-based NRG Energy Inc. said it has sold 4,850 MW of natural gas and oil power plant generation in the Northeast and California for $760 million.  The sale was revealed during a 4Q2020 earnings conference call in which CEO Mauricio Gutierrez also called for a systemwide root cause analysis of the electric and natural…

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,…

Carbon dioxide emissions in the United States plunged 10% in 2020 as stay-at-home orders and the economic slump driven by the Covid-19 pandemic took a toll on energy demand. According to a new report by the International Energy Agency, annual carbon dioxide (CO2) emissions fell by almost 500 million metric tons in 2020, accelerating a…

The impacts of a historic cold snap on the Texas electricity market continued to reverberate on Monday, as one electric power supplier filed for bankruptcy and another was sued by the state attorney general in connection with the crisis. Waco, TX-based Brazos Electric Power Cooperative Inc. said Monday it has filed for Chapter 11 bankruptcy…