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Exports of crude oil and liquefied natural gas from U.S. Gulf Coast ports tumbled to zero on Sunday before rebounding on Monday, after a massive winter storm swept across the country, ship-tracking service Vortexa said. An Arctic blast has pummeled the United States in recent days, straining energy infrastructure and power grids. Up to 2 million barrels per day of oil production went offline over the weekend due to the frigid weather, according to some analyst estimates. Port closures, [Read more]

In the Western Canadian Energy Industry, Completion pads are shifting towards electrification, where many decentralized diesel generators are being replaced by one larger centralized turbine coupled to an electrical micro grid. Turbines are being used for the larger frack equipment, as well as microturbines for the support gear (lights, shacks, wireline, etc.). While cost-savings and logistical simplification are key factors driving adoption of turbines, Operators in Alberta have chosen to use [Read more]

U.S. spot natural gas and power prices soared to record highs in the northeastern part of the country as homes and businesses cranked up their heaters to escape an Arctic chill that cut gas output to a two-year low by freezing oil and gas wells and pipes earlier this week. Cash gas prices for Tuesday soared 242% at the Algonquin Hub in New England to a record $173 per million British thermal units (mmBtu), while next-day prices at the Eastern Gas hub in Pennsylvania jumped 47% to a record [Read more]

Alberta’s oil and gas producers face increasing pressure to reduce methane emissions while maintaining operational efficiency and capital discipline. One opportunity gaining traction across the sector is Emissions Reduction Alberta’s (ERA) Methane Reduction Deployment Program, which offers funding of up to 50% of eligible project costs, to a maximum of $1 million per project. For operators ready to act, the program provides a practical way to reduce emissions, improve performance, and stay [Read more]

The largest U.S. regional electric grid on Tuesday reported nearly 18 gigawatts of power plant outages, leaving a region of 67 million people with a thin buffer of power supplies against frigid weather and a forecast for record-breaking winter demand. The PJM Interconnection reported that most of the generation outages are due to power plants being forced offline amid freezing weather and constricted supplies of natural gas for the region. PJM, which serves 13 Mid-Atlantic and Midwest states and [Read more]

Germany must seek new partners in light of a changing global order, the country's economy minister said on Tuesday, referring to deteriorated relations with the United States that have resulted in painful import tariffs. "The world has become more uncertain, and alliances that we have trusted and relied on are beginning to crumble," Katherina Reiche said at the Handelsblatt energy summit. "That does not mean abandoning them, but rather continuing to work together, however challenging that [Read more]