The European Union (EU) has long sought more reliable ways to produce and distribute electricity and to coordinate its energy markets, including greater cross-border trading of electricity. The February coupling of electricity markets in Italy and France marks the most…
ENERGY & UTILITIES NEWS (page 163)
Oilfield costs fall following decline in oil prices
As oil prices declined—falling more than 50% from June 2014 to January 2015, before increasing slightly in spring 2015—energy production companies focused efforts on increasing operating efficiencies. …read more Source:: TODAY IN ENERGY
Refiner margins unable to fully offset low upstream earnings for integrated oil companies
First-quarter 2015 financial results for globally integrated oil companies show that total earnings were $22 billion (54%) lower than first-quarter 2014. Lower crude oil prices contributed to a decline in profits in the upstream sector of $28 billion (80%) compared…
Refiner margins unable to fully offset low upstream earnings for integrated oil companie
First-quarter 2015 financial results for globally integrated oil companies show that total earnings were $22 billion (54%) lower than first-quarter 2014. Lower crude oil prices contributed to a decline in profits in the upstream sector of $28 billion (80%) compared…
EIA’s mapping system highlights energy infrastructure across the United States
EIA’s energy mapping system is a data-intensive visual reference tool that includes several map layers defining energy infrastructure components across the United States. Using this series of maps, viewers can see crude oil, petroleum, natural gas, or hydrocarbon gas liquid…
EIA’s new energy visualization widget embeds interactive charts and maps on any website
EIA’s new energy visualization widget allows users to display interactive visualizations of current energy data pulled from EIA’s data application programming interface (API) on their own websites. Using the API browser, users can discover how EIA’s energy data series can…
Oil exploration in the U.S. Arctic continues despite current price environment
Alaska’s crude oil production has declined from 1.8 MMb/d in 1991 to 0.5 MMb/d in 2014, and it is expected to continue declining through 2040. Almost 75% of Alaska’s crude oil production from 1990 to 2012 was from the Prudhoe…
Efficiency moderates effects of higher electricity prices under proposed Clean Power Plan
EIA’s recently released analysis of the Environmental Protection Agency’s proposed Clean Power Plan rule finds that electricity prices are expected to rise. However, efficiency and price-induced conservation moderate the projected increase in consumer electricity bills. …read more Source:: TODAY IN…
Proposed Clean Power Plan rule would reduce coal production, especially in the West
EIA’s analysis of the Environmental Protection Agency’s proposed Clean Power Plan rule shows U.S. coal production falling after the proposed rule takes effect. In 2024 in the Base Policy case, coal production falls to a level last seen in the…
Crude by rail provides the West Coast with supply as regional crude oil production falls
While total U.S. crude oil production increased nearly 3.2 million barrels per day (b/d) from 2010 to 2014, production in PADD 5 decreased by 0.1 million b/d, continuing a long-term decline. With no major crude oil pipelines connecting the West…
