Energy News
Northwest heat wave leads to record levels of summer electricity demand
Wed, 23 Aug 2017 13:00:00 GMT
Multiple record-breaking heat waves swept across the western United States this summer, with the latest occurring in the Pacific Northwest on August 1-4, 2017. Coincident with the hot weather, some of the largest electricity balancing authorities in the area experienced record high summer electricity demand on their systems.
MexicoÂ’s shale-rich Burgos Basin opens to private investment for the first time
Tue, 22 Aug 2017 13:10:00 GMT
In July 2017, MexicoÂ’s national energy ministry (SENER) opened the onshore portion of the Burgos Basin, a shale-rich basin in northeastern Mexico, for natural gas exploration and development by private companies. This is the first time non-state entities were offered access to the Burgos Basin for development since the creation of the national oil company Petróleos Mexicanos (PEMEX) in 1938.
Natural gas-fired electricity conversion efficiency grows as coal remains stable
Mon, 21 Aug 2017 13:10:00 GMT
From 2006 to 2015, annual average heat rates of natural gas-fired electricity generators decreased 7% as heat rates of coal-fired electricity generators remained stable, increasing only 1%. Heat rates are calculated based on the amount of energy (measured in British thermal units) reported to EIA that was used to generate a unit of electricity.
The Danish and Turkish Straits are critical to EuropeÂ’s crude oil and petroleum trade
Fri, 18 Aug 2017 13:00:00 GMT
The Danish Straits and Turkish Straits, together transited by a combined volume of more than 5 million barrels per day (b/d) in 2016, are important chokepoints for EuropeÂ’s crude oil and petroleum liquids supply. Nearly 59 million b/d of global petroleum and other liquids production moved on maritime routes in 2015.
U.S. gasoline production is running near record levels
Thu, 17 Aug 2017 13:00:00 GMT
Gasoline production by U.S. refiners and blenders has run near record levels over the first seven months of 2017, with four-week rolling average production well above its five-year average and close to the top of its five-year range. U.S. gasoline inventories also remain relatively high despite growing domestic and foreign demand.
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