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Hydrogen Expected to Drive Offshore Wind Industry in Latin America

Hydrogen Expected to Drive Offshore Wind Industry in Latin America

Latin America doesn’t have any offshore wind today, but that could change soon as the region tries to build out a hydrogen industry. Off-grid green hydrogen projects should spur Latin America to a sharp increase in offshore wind projects, with capacity reaching 34 GW by 2050, according to analysis from Wood Mackenzie. Offshore wind activity…

October 18, 2022
Enbridge Buying Tri Global Energy to Enhance U.S. Wind, Solar Portfolio

Enbridge Buying Tri Global Energy to Enhance U.S. Wind, Solar Portfolio

Enbridge Inc. agreed Thursday to pay $270 million to buy Tri Global Energy LLC (TGE), a top U.S. wind and solar company with a portfolio that includes 45 generating sites in seven states. The takeover, which includes debt, adds a built-in bonus of up to $50 million if all of TGE’s projects now on the…

October 3, 2022
‘Too Little, Too Late,’ Says Aramco CEO of Global Oil, Natural Gas Investment

‘Too Little, Too Late,’ Says Aramco CEO of Global Oil, Natural Gas Investment

Policymakers must ensure the supply of conventional energy sources alongside lower carbon ones as the energy transition marches on, according to Saudi Arabian Oil Co. (Aramco) CEO Amin Nasser. The head of the state-owned oil behemoth has been warning of the threats to global energy security posed by underinvestment in oil and natural gas. “Many…

September 21, 2022
Wind, Solar Boosting Renewables’ Increasing Share of Electricity Generation

Wind, Solar Boosting Renewables’ Increasing Share of Electricity Generation

Though still behind natural gas-fired generation, renewables supplied nearly one-quarter of total utility-scale generation in the first half of 2022, according to the U.S. Energy Information Administration (EIA).  EIA’s June Electricity Monthly Update found that renewables increased their market share 3% year/year to 24%, following a decade-long trend of jumping 3% every five to six…

September 13, 2022
Canada, Germany Advancing Energy Cooperation Agreement to Hammer Russian Influence

Canada, Germany Advancing Energy Cooperation Agreement to Hammer Russian Influence

 A mammoth wind-powered hydrogen production project planned in Newfoundland is poised to emerge as a frontrunner to keep the Canadian government’s promise to deliver new supplies for energy-hungry Europe. Prime Minister Justin Trudeau and German Chancellor Olaf Scholz plan to unveil an energy cooperation agreement at the Stephenville deepwater port site for the proposed Project…

August 22, 2022
California Adopts Offshore Wind Target and Calls for ‘Significant’ Grid Investments

California Adopts Offshore Wind Target and Calls for ‘Significant’ Grid Investments

Following Gov. Gavin Newsom’s request to the California Energy Commission (CEC) to shoot for more “ambitious” climate goals, the regulator last week adopted a planning goal to develop 25 GW of offshore wind by 2045.  In its latest report, Offshore Wind Energy Development off the California Coast, CEC said that the “preliminary planning goals are…

August 19, 2022
Natural Gas Futures Slip, then Pop After EIA’s Near-Average Storage Injection

Natural Gas Futures Slip, then Pop After EIA’s Near-Average Storage Injection

The Energy Information Administration (EIA) reported a larger-than-expected 44 Bcf injection into natural gas storage facilities for the week ending Aug. 5. The build ultimately had little bearing on prices. Futures were trading sharply higher ahead of the EIA report because of further day/day declines in production. Choppy price action was seen after the data…

August 11, 2022
GOM’s Proposed Offshore Wind Projects Showcase Growth in Traditional Natural Gas, Oil Basin

GOM’s Proposed Offshore Wind Projects Showcase Growth in Traditional Natural Gas, Oil Basin

The Department of Interior’s (DOI) Bureau of Ocean Energy Management (BOEM) has identified two sites in the Gulf of Mexico (GOM) that could support offshore wind development in an area that has long been one of the major natural gas and oil breadbaskets.  The largest of the two proposed wind energy areas (WEA) spans 546,645…

July 25, 2022
Rising Offshore Wind Development to Alter Natural Gas Demand Dynamics

Rising Offshore Wind Development to Alter Natural Gas Demand Dynamics

As the Bureau of Ocean Energy Management (BOEM) offers more offshore wind lease sales on both coasts, power plant developers and operators have said they have plans for more than 6 GW of capacity installments through 2029, according to the Energy Information Administration (EIA). While the East Coast has remained relatively unaffected by the integration…

July 7, 2022
Upstream Oil, Natural Gas Investments Rising, but Renewables Said Driving Growth

Upstream Oil, Natural Gas Investments Rising, but Renewables Said Driving Growth

While investments in the global energy industry are expected to jump 8% from 2021 to 2022, investments in fossil fuels have not returned to pre-pandemic levels, according to the International Energy Agency (IEA). Investments in upstream oil and natural gas activities are projected to rise 10% year/year in 2022, but are likely to fall short…

June 30, 2022
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