Tag: Decline
Declining energy research budgets cause for concern – IEA
Clean energy sectors increased energy research spending but did not compensate drop By Simon Bennett, IEA Energy Technology Analyst and Remi Gigoux, IEA Energy Data Manager Investment into energy research, development and demonstration (RD&D) has delivered crucial breakthroughs that have contributed to an increasingly sustainable, accessible and affordable global energy system. But despite this success – as […]
US EIA Data says crude oil stocks likely to fall 2.2 million barrels – Platts
The crack has risen – topping $18/b late last week — even though high utilization still threatens to overwhelm demand A resurgent New York Mercantile Exchange (NYMEX) reformulated blend stock for oxygenate blending (RBOB) crack spread could keep refinery activity above normal levels for this time of year, preventing gasoline stocks from erasing a surplus […]
US natural gas production falls again in April – IHS Markit
US monthly natural gas production declines second straight month, down 3% year-over-year Lower-48 US natural gas production averaged just 70.2 billion cubic feet per day (Bcf/d) during April 2017—the lowest level in two months—but higher than production levels at the start of the year, according to analysis from IHS Markit. Texas, which in the past […]
Can there be a coal comeback?
Indian coal demand likely to grow in years ahead, but won’t make up for slow-down in China Trevor Houser, Jason Bordoff and Peter Marsters from the Center On Global Energy Policy offer an empirical diagnosis of the causes of the US coal industry collapse over the last six years, which has been characterized by bankruptcy […]
EPA greenhouse gas inventory continues to show falling emissions
Methane emissions from petroleum systems fell a full 8% from 2014 to 2015 By Katie Brown, PhD, EnergyInDepth EPA has just released its final Greenhouse Gas Inventory for the year, and there’s a lot of good news to be gleaned from it. The data clearly show that methane emissions from both natural gas and petroleum […]
Jan. US natural gas production lowest in nearly 3 years
“The only Texas bright spot has been West Texas Permian production.” – Jack Weixel Lower-48 US natural gas production averaged 70.2 billion cubic feet per day (Bcf/d) during Jan. 2017, marking the lowest monthly production level recorded since June 2014, according to analysis from IHS Markit. Jan. production represented the second consecutive monthly decline for US […]
Weatherford releases Q3 results, revenue down 3%
Given that industry bottomed during Q2, worst of historical downturn is behind us, market is slowly turning – Duroc-Danner Weatherford International plc reported a net loss of $1.78 billion, or a net loss of $1.98 per share, and adjusted net loss before charges and credits of $349 million ($0.39 adjusted net loss per share) on revenues of […]
US natural gas production declines in Sept. – IHS Markit
Sept. production levels fell 1.2%, signaling retreat from peak 2016 monthly averages HOUSTON – US natural gas production levels in the lower 48 states declined by nearly 1.2 per cent in Sept. 2016 compared to Aug. 2016 levels, according to analysis from IHS Markit. Sept. decline drops year-to-date production levels 1 per cent compared to the same […]
Coal’s decline: Driven by policy or technology?
Researchers conclude that low natural gas prices, not policy, responsible for switch away from coal Dr. Walter J. Culver, founding board member of Great Lakes Energy Institute, and Dr. Mingguo Hong, Associate Professor of Electrical Engineering and Computer Science at CWRU, recently published an article in The Electricity Journal that explores why coal production in the […]
New Pennsylvania data show methane emissions dropping, air quality “continues to Improve”
DEP’s data show that methane emissions are decreasing as natural gas production soars By Jake Green, Energy In Depth The Pennsylvania Department of Environmental Protection (DEP) has just released data from its 2014 air emissions inventory of the natural gas industry. While there was “a slight (1%) increase in reported methane emissions” from 2013 to 2014, methane […]
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