Norwegian petroleum and other liquids production, which had been declining since 2001, increased in 2014 and will likely continue increasing in 2015. The production growth in 2014 was mainly the result of new fields coming online, but also included a…
Month: October 2015 (page 2)
Indonesia rejoining OPEC despite being net importer of petroleum
The Organization of the Petroleum Exporting Countries (OPEC) notified Indonesia that it plans to accept the country’s request to reactivate its membership at the next OPEC meeting in December. Once it rejoins, Indonesia will regain its status as the only…
Natural gas pipelines under construction will move gas from Azerbaijan to southern Europe
Construction or preliminary work has begun on three new pipelines designed to flow new supplies of natural gas from Azerbaijan to consumers in Turkey, Bulgaria, Greece, and Italy. For more than a decade, companies have been announcing proposals to build…
California’s gasoline imports increase 10-fold after major refinery outage
Over a five-month period following an explosion at a California oil refinery in February 2015, imports of gasoline into California increased to more than 10 times their typical level, drawing from sources that include India, the United Kingdom, and Russia.…
With increased regulation, continued decline in residual fuel oil demand is expected
Health and environmental concerns related to the high sulfur content of residual fuel oil (RFO) have led to new policies and regulations that have significantly lowered expectations for future RFO use globally. As the demand for RFO declines, the need…
West Coast petroleum markets differ by supply, demand, and distribution
The U.S. Energy Information Administration released a PADD 5 Transportation Fuels Markets study on September 30 that examines supply, demand, and distribution of petroleum-based transportation fuels in Petroleum Administration for Defense District (PADD) 5, which encompasses California, Arizona, Nevada, Oregon,…
Nationwide, electricity generation from coal falls while natural gas rises
The monthly natural gas share of total U.S. electricity generation surpassed the coal share for the second time ever in July, with natural gas fueling 35.0% of total generation to coal’s 34.9% share. Compared to the previous July, coal-fired generation…
Household heating costs are expected to be lower than previous two winters
Most U.S. households can expect lower heating expenditures this winter (October through March) compared with the past two winters. In most regions, the decline in expenditures is attributed to the combination of warmer weather and lower fuel prices. …read more…
U.S. reactor operators increase uranium purchases from Kazakhstan
Kazakhstan became the leading supplier of uranium for the 100 operating U.S. nuclear power reactors in 2014, supplying 12 million pounds, or 23%, of the 53.3 million pounds of uranium purchased by owners and operators of U.S. reactors. This level…
Hurricane Joaquin may cause problems for East Coast energy infrastructure
Hurricane Joaquin, which strengthened to a Category 4 storm on Thursday, is on track to move north along the East Coast this weekend, potentially bringing torrential rainfall and flooding to the region. To help analysts assess potential storm effects, EIA…
