How Virtual Reality Can Help The Oil And Gas Industry Confront Its Invisible Challenge: Methane

I’m a certified oil and gas tech nerd, and I’ve never been so excited about my job. I love data, the insights that come with it, and especially the ways of applying those insights to catalyze continuous improvement. There are few decisions I make without an Excel spreadsheet – and after spending several years working for an oilfield services company, I’m passionate about solving one of the biggest environmental problems…

Natural Gas Storage Report Injection Season Week 12 (Week Ending June 22, 2018)

After the July prompt month came to a close yesterday, the market began to reflect a slow and steady response to the summer’s increase in cooling demand. This week’s injection of 66 Bcf (along with a revision of 4 Bcf that raised last week’s implied net change from 91 Bcf to 95 Bcf) also supported the recent bullish movement by coming in under the expectation of 71 Bcf. While this…

Natural Gas, Benefits, Continuing Progress On Cutting Emissions

Let’s make three quick points following release of a new methane emissions report from the Environmental Defense Fund: Natural Gas’ Benefits Confirmed The report’s findings reflect the fact methane emissions were low in 2015. According to EPA, methane emissions from natural gas production are down 14 percent since 1990, while natural gas output increased more than 50 percent over the same period. At the same time, increased use of natural gas is the chief reason U.S.…

Currents: Energy Industry Insights – June 2018

State Files Motion to Dismiss Federal Lawsuit by EQT – “Lawyers representing the Secretary of the state Department of Environmental Protection have filed a motion to dismiss a lawsuit by the natural gas company EQT over a new West Virginia royalties law.” Why this is important: When the Supreme Court of Appeals of West Virginia issued its decision in Leggett in May 2017, EQT could claim it had snatched victory…

New Jersey Governor Signs Sweeping Clean Energy Revisions Into Law, Formalizes 100% Clean Energy Goal By 2050

New Jersey has injected new life into its renewable energy programs with the passage of a bill that dramatically raises New Jersey’s renewable portfolio standards (RPS), revamps its solar renewable energy certificate (SREC) program, kick-starts development in energy storage and community solar, and re-establishes a directive to develop a program for offshore wind credits (ORECs). The new law increases the RPS to 50% by 2030, while Governor Murphy’s Executive Order…

Natural Gas Storage Report Injection Season Week 10 (Week Ending June 8, 2018)

Summer is in full swing  as we round out the initial third of Injection Season. Week 10 saw a slightly bearish number, as today the EIA reported an inflow of 96 Bcf – just under 7% higher than market calls for a 90 Bcf injection. Thus far, ever-increasing production has been able to keep pace with anomalously warm weather and the associated cooling demand, maintaining a resistance at $3.00/MMBtu. Expect…

Here’s Why U.S. Energy Sector Opposes Tariffs On Steel

The decision by the Trump administration to impose tariffs on imported steel, including key allies Canada, Mexico and the European Union, is the wrong direction for U.S. energy policy. While the full effect of these tariffs on steel-intensive business—and the U.S. economy—remains to be seen, the impacts will ripple through the natural gas and oil industry, compromising energy production and posing a threat to America’s national security. Following today’s announcement…

The Latest Trends In Renewable-Energy Tech, Markets, And Policy

Renewable energy, and its role in energy future, is an intense topic that spans across all corners of the energy spectrum. For example, our recent Mexican Energy Series featured a lively discussion of whether Mexico is on course for the 2024 target of 35% renewable energy, and what this pledge means for the country. Each year, as new corporations, municipalities, and countries make bold and vocal commitments to offsetting energy consumption, and…

Natural Gas Storage Report Injection Season Week 7 (Week Ending May 18, 2018)

The seventh week of injection season provided an injection of 91 Bcf, essentially falling in line with the market expectation of 92 Bcf. This year’s injection is larger than last year’s 74 Bcf and the five year average at 89 Bcf. 2018 Atlantic hurricane season kicks off with a possible tropical or subtropical depression in the Gulf of Mexico hitting the Southeast and Florida. Current working natural gas inventories stands…

Natural Gas Storage Report Injection Season Week 6 (Week Ending May 11, 2018)

The sixth week of injection season provided an injection of 106 Bcf, essentially falling in line with the market expectation of 105 Bcf. Some weather outlooks are projecting warmer than normal conditions in the upcoming weeks along with heavy showers over portions of the West and Southeast that are expected to keep demand low.  This year’s injection is larger than last year’s 64 Bcf and the five year average at…