Wind

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…

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…

A large decline in production fueled a rebound in natural gas futures midweek, with lower wind generation providing additional market support. The July Nymex contract settled Wednesday at $8.696/MMBtu, up an astounding 55.1 cents on the day. August futures climbed 54.8 cents to $8.686. Spot gas prices also rallied on robust power burns, with NGI’s…

Daily wind-powered electricity eclipsed both coal-fired and nuclear electricity generation for the first time in March, though wind still pales in comparison to natural gas, the U.S. Energy Information (EIA) Administration said. The agency said in a report Thursday that wind turbines in the Lower 48 produced 2,017 GWh of electricity on March 29, making…

The California Energy Commission (CEC) has approved a $10.5 million grant to transform the Port of Humboldt Bay into an offshore wind terminal that could support the development of 1.6 GW of wind energy. The Humboldt Bay Offshore Wind Heavy Lift Marine Terminal, once complete, will manage heavy cargo vessels, offshore wind floating platform development,…

The Timi field, a natural gas discovery sanctioned offshore Malaysia, is set to feature the nation’s first wellhead platform powered by a solar and wind system, according to Royal Dutch Shell plc. Shell subsidiary Sarawak Shell Berhad (SSB) announced a final investment decision for the sweet gas field discovered in 2018.  As designed, Timi could…

Natural gas futures continued to climb early Tuesday as weather models still showed strong heat across the eastern United States next week. A large production decline, though viewed as likely temporary, also contributed to the early gains. The September Nymex gas futures contract was trading at around $3.994, up 5.9 cents, at around 8:45 a.m.…

The Department of Interior may have paused federal oil and natural gas leasing, but it is looking to deploy 30 GW of offshore wind capacity on nearly every U.S. coast by 2030. A competitive lease sale to kick things off is planned in the New York Bight, with other auctions eventually expected offshore the West…

California’s coast may be the site of the West Coast’s first installment of offshore wind infrastructure following an announcement by the Biden administration this week. The administration said the Department of Interior (DOI), Bureau of Ocean Energy Management (BOEM) and the Department of Defense (DOD) have agreed to lease 399 square miles off the northern…