article thumbnail

Why The Natural Gas Price Collapse May Not Last

R-Squared Energy

Whenever I try to get a feel for the direction of natural gas prices, the Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report is the first place I stop. This report provides an update on the levels of natural gas in storage facilities across the United States.

article thumbnail

Natural Gas Fuels Clean Power Generation

Energy Central

The increased use of natural gas in power generation has grown significantly, while at the same time, carbon intensity has fallen, new data from the U.S. Energy Information Administration (EIA) shows: “From 2016 to 2020, the carbon intensity of U.S. power generation fell 18 percent, driven by a shift in the U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Carbon Sequestration Project Conceived Of In 2016 Is Finally Off The Rails

Energy Central

Carbon capture and sequestration can use depleted natural gas and oil reservoirs as sites for storing compressed CO2 collected from emitters. The Porthos Project is the first of its kind in Europe aimed at gathering and storing 2.5 Megatons annually and 37 Megatons over the 15 year life of the project.

Carbon 52
article thumbnail

Orsted Sells LNG Unit, But Says Its Natural Gas Business Isn’t Going Anywhere

GreenTechMedia

Danish energy company Ørsted has sold off its LNG unit but will hang on to its gas trading business. The firm, previously known as Danish Oil and Natural Gas, sold its upstream fossil fuels business to Ineos in 2017 and is phasing coal out of its generation mix by 2023.

article thumbnail

How The U.S. Became The World’s Top LNG Exporter

R-Squared Energy

would enter a long-term natural gas crisis for which the only solution was “to pray.” ConocoPhillips and ExxonMobil made large acquisitions of natural gas companies, betting on a future with much higher natural gas prices. natural gas production had begun to decline. By 2005, U.S.

article thumbnail

2020: Fossil fuels are dead, long live the sun

GreenBiz

For years, seven of the top 10 companies on the Dow Jones Index were oil companies until 2016 when most fell out of the top 10, leaving only Exxon. The Institute for Energy Economics and Financial Analysis reported that "the world’s largest publicly traded oil and gas companies shelled out a total of $71.2 Natural Gas.

article thumbnail

Why Are Oil And Gas Production Rising When Rig Counts Are Falling?

R-Squared Energy

oil and natural gas production are both poised to set new annual production records, after monthly production has risen steadily all year. Keep in mind that the rig count is a measure of rigs that are currently drilling for oil and gas. The biggest example of that can be seen in the natural gas rig count.