Energy

Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.

Contracts shield gas pipeline projects from Mexico hydrocarbon reform

AJOT | May 13, 2021 | Energy

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Gasoline prices hit $3 as shortages grow on pipeline outage

Bloomberg | May 13, 2021 | Energy

Fuel shortages are spreading across the U.S. East as panicked motorists top up their tanks five days after hackers knocked out the nation’s biggest gasoline pipeline.

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Upstream spending, cut by $285 billion in two years, will struggle to recover to pre-pandemic levels

AJOT | May 12, 2021 | Energy

The toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn is estimated at a whopping $285 billion, and although spending will slowly start to rise from 2022, it will not reach pre-crisis levels in the coming period, according to a Rystad Energy report. The shale sector has been the most affected, with conventional exploration and investments in mature assets suffering the least thus far.

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EIA forecasts less natural gas-fired electricity generation this summer

AJOT | May 12, 2021 | Energy

We published a Summer Electricity Outlook supplement, which provides more detail about our forecasts for U.S electricity consumption, power generation, and electricity prices for the upcoming summer months of June, July, and August, to our May Short-Term Energy Outlook.

Enbridge says Great Lakes oil pipeline will keep running

Bloomberg | May 12, 2021 | Energy

White House faces rising pressure as gasoline shortages grow

Bloomberg | May 12, 2021 | Energy

Colonial faces deadline to decide on hacked pipeline restart

Energy

Bloomberg | Top Story | May 12, 2021

Colonial faces deadline to decide on hacked pipeline restart

Colonial Pipeline Co. told federal officials it will know by late Wednesday whether it’s safe to restart gasoline and diesel flows that have been on hold since criminal hackers targeted the company last week.

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Enbridge vows to keep oil moving as Michigan deadline nears

Bloomberg | May 12, 2021 | Energy

Michigan Governor Gretchen Whitmer says Enbridge Inc. has until Wednesday to shut a huge crude pipeline that crosses the Great Lakes. The Canadian company says it’s got the law on its side, and the oil will keep flowing.

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White House faces rising pressure on gasoline as shortages grow

Bloomberg | May 12, 2021 | Energy

The Biden administration moved Tuesday to ease gasoline shortages caused by a ransomware attack on the nation’s largest pipeline network, as concerns grew that spiking fuel prices and supply disruptions could hinder travel while the nation recovers from the Covid pandemic.

Robust Chinese fuel demand cushioning oil market once again

Bloomberg | May 12, 2021 | Energy

White House explores Jones Act waiver to ship fuel by tanker

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Colonial faces Wednesday deadline to decide on pipeline restart

Bloomberg | May 11, 2021 | Energy

Colonial Pipeline Co. told federal officials it will know by late Wednesday whether it’s safe to restart gasoline and diesel shipments that have been on hold since criminal hackers targeted the company last week.

Gas stations run dry as pipeline hack will take days to fix

Bloomberg | May 11, 2021 | Energy

Gas stations along the U.S. East Coast are starting to run out of fuel as North America’s biggest petroleum pipeline fights to recover from a cyberattack that has paralyzed it for days.

Michigan’s deadline arrives but Enbridge vows to keep oil moving

Bloomberg | May 11, 2021 | Energy

Gas pumps run dry in US South as pipeline shutdown bites

Energy

Bloomberg | Top Story | May 11, 2021

Gas pumps run dry in US South as pipeline shutdown bites

Motorists across a broad swath of the U.S. East Coast and South are struggling to find gasoline and diesel as filling stations run dry amid the unprecedented pipeline disruption caused by a criminal hack.

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Cyberattack halts fuel movement on Colonial petroleum pipeline

AJOT | May 11, 2021 | Energy

Colonial Pipeline, a major delivery system spanning from the U.S. Gulf Coast to the East Coast for transportation fuels and other refined petroleum products, halted operations on Friday, May 7, to contain the effects of a cyberattack. As of Monday, May 10, the pipeline had not resumed operations of its main lines, although some smaller lines are operational. The company announced that it hopes to restore service by the end of the week.