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Market Analysis
Electrical Generation by Wind and Solar Grew by 34% in March 2021 and Accounted for 16.8% of Total U.S. Production
Electrical generation by wind and solar set a new record in March 2021 and accounted for 16.8% of total U.S. production.
Nuclear Power Plant
South Korea and United States to Cooperate in Nuclear Power Industry
U.S. President Joe Biden and South Korean President Moon Jae-in released a joint statement on May 21 and declared that they would cooperate in the global nuclea…
Oil Shale
High Profile Merger Creates A New $17 Billion Shale Giant
Cabot Oil & Gas Corporation and Cimarex Energy announced on Monday another merger in the U.S. shale patch in an all-stock merger of equals that would result in …
Electric Car
SK Innovation and Ford Sign MOU to Form EV Battery Joint Venture in the U.S.
SK Innovation and Ford announced they have signed a memorandum of understanding to create a joint venture – to be called BlueOvalSK – to produce approximately…
Nuclear Policy
EU Signals Confidence in a Prompt Revival of the 2015 Iran Nuclear Accord
Iran and the U.S. are close to a deal that will revive the 2015 nuclear accord, a top European Union official said after the latest talks in Vienna, in the clea…
Oil Shale
U.S. Shale Oil Output to Climb for First Time in 3 Months in June - EIA
U.S. oil output from seven major shale formations is expected to climb by 26,000 barrels per day in June to 7.73 million bpd, the first rise in three months, th…
Oil Pipeline
U.S. Pipeline Hack Attack: Global Cybersecurity Matters
Last Friday, a hacker group called DarkSide deployed a ransomware attack on a pipeline system that carries nearly half of the U.S. east coast's fuel supply.
Oil Price
Gasoline Prices hit $3 As Shortages Grow on U.S. Pipeline Outage
U.S. average gasoline prices exceeded $3 a gallon for the first time in more than six years amid growing shortages of fuel across the South and East while Colon…
Oil Price
Oil Prices Set For Biggest Daily Drop Since Early April
Oil prices dropped by almost 3 percent on Thursday morning and were set for the biggest percentage drop since early April, after the restart of Colonial Pipelin…
United States
Colonial Pipeline Hack Exposes Lack of Federal Cybersecurity Oversight for U.S. Energy Industry
The temporary shutdown of Colonial's pipeline follows warnings by U.S. officials in recent months of the danger of cyberattacks against privately held infrastru…
Wind Power Project
Avangrid Expects the Approval of its Vineyard Wind Power Plant in 2023
Avangrid executives say they expect federal regulators to issue a final decision on the Vineyard Wind offshore wind plan in coming days, and to be sending energ…
Crude Oil
U.S. Main Fuel Pipeline Operator Aims to Restore Operation This Week After Cyber Attack
The operator of a main U.S. fuel pipeline declared on Monday its goal of restoring operational service by the end of the week after all pipeline operations temp…
United States
Biden Wants ‘Clean’ Electricity By 2035. A Pandemic-Driven Fall In Solar Jobs Complicates That
The U.S. solar industry will need to nearly quadruple its workforce by 2035 in order to meet President Joe Biden’s goal of a carbon-free electricity industry, …
Crude Oil
U.S. Energy Production Saw Steepest Drop On Record In 2020
Due to economic responses to the pandemic, U.S. energy production dropped by 5 percent last year, marking the steepest annual decline on record.
Gas power plant
Millennium Proposes $15 B LNG-to-Power Project in Vietnam
Millennium Energy Vietnam, a member of the U.S.-based Millennium Petroleum Group, has proposed to develop a $15 billion LNG project in Soc Trang province.
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