The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 6 to 613 this week, compared to 755 rigs this same time last year. The number …
Read More »U.S. Drilling Activity Inches up
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, for an increase of 2. The total rig count fell by 2 to 619 this week, compared to 753 rigs this same …
Read More »FBI Warns of Risk of Chinese Hack Attack on Energy Infrastructure
The director of the FBI has warned that the Chinese state has its sights set on U.S. critical infrastructure to compromise U.S. economic and national security. Speaking at the Vanderbilt Summit on Modern Conflict and Emerging Threats, Christopher Wray said “The PRC [People’s Republic of China] has made it clear …
Read More »Geothermal Energy: A Win-Win for Democrats and Republicans?
Geothermal energy is at the precipice of a major breakthrough in the United States. As technology rapidly advances, it’s seeming more possible than ever that the once niche energy production method could soon scale up for mass deployment in nearly any environment. Pilot projects are taking off across the country …
Read More »U.S. Attracts Europe’s Beleaguered Solar Companies
It’s nearly two years since the United States Congress passed the historic Inflation Reduction Act (IRA), with the country’s solar sector expected to be one of its biggest beneficiaries. According to the U.S. Solar Energy Industries Association (SEIA), the IRA will drive an additional 160 gigawatts (GW) of solar capacity …
Read More »U.S. CO2 Emissions down 17% since 2005, despite 2022 Increase
U.S. greenhouse gas emissions rose 1.3% in 2022, reflecting post-COVID economic recovery, but declined 17% since 2005, according to the Environmental Protection Agency’s (EPA) Annual US Greenhouse Gas Inventory (GHG Inventory), released every April. The EPA’s neutral policy report has been released annually since its inception in 1993, in accordance …
Read More »U.S. Power Plant Proposals Surge by 90% as Electricity Demand Rises
Proposals for new power generation capacity in the United States have increased by an impressive 90% over the last three years, Bloomberg has reported, in anticipation of a surge in demand for electricity. Notably, some 80% of the proposed capacity is solar plus batteries, with only 3% of proposed power …
Read More »Low Natural Gas Prices Curb U.S. Oil Production Gains
U.S. oil producers are not in a rush to significantly boost production despite oil prices hovering at a six-month high, as multi-year low natural gas prices are holding back drilling in parts of the Permian and costs have increased, analysts and industry executives tell Reuters. Last week, WTI crude prices …
Read More »Qatar Prepares to Dominate the LNG Export Market
Qatar is backing up its massive LNG expansion plans with new orders to charter dozens of new ships as the tiny Gulf gas producer aims to solidify its dominance in the global LNG export market. Last year, the United States overtook Qatar as the world’s largest LNG exporter, but Qatar …
Read More »The U.S. was the World’s Top LNG Exporter in 2023
The United States beat out both Australia and Qatar to become the largest exporter of liquefied natural gas (LNG) in 2023, with an average of 11.9 billion cubic feet per day (Bcf/d) in exports last year, the U.S. Energy Information Administration (EIA) said on Monday. Strong demand in Europe, the …
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