In its January 2021 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that the annual natural gas spot price at the Henry Hub will rise 0.98¢ per million British thermal units (MMBtu) to average $3.01/MMBtu in 2021.…
Month: December 1969
New U.S. power plants expected to be mostly natural gas combined-cycle and solar PV
EIA’s long-term projections show that most of the electricity generating capacity additions installed in the United States through 2050 will be natural gas combined-cycle and solar photovoltaic (PV). Onshore wind looks to be competitive in only a few regions before…
Oman’s petroleum and other liquids production reached record levels in 2016
Oman set a new record with annual total oil production in 2016 exceeding 1 million barrels per day (b/d). Oman’s petroleum and other liquids production ranks seventh among the Middle Eastern countries. Oman is the largest oil producer in the…
Crude oil and natural gas production in Texas and Oklahoma’s Anadarko Region is growing
The Anadarko Region, which was recently added to EIA’s Drilling Productivity Report (DPR), accounted for 437,000 barrels per day (b/d) of oil production and 4.9 billion cubic feet per day (Bcf/d) of natural gas production in July 2017. Production in…
Utility-scale solar has grown rapidly over the past five years
Utility-scale solar installations—including both photovoltaic (PV) and thermal technologies—grew at an average rate of 72% per year between 2010 and 2016, faster than any other generating technologies. Utility-scale solar generation now makes up about 2% of all utility-scale electric generation.…
