Energy Update
(Thu, 04 Apr 2024) The Republic of the Congo, or Congo Brazzaville, is a significant regional hydrocarbons producer in sub-Saharan Africa. Most of Congo Brazzavilleâs hydrocarbons production is located offshore. Congo Brazzaville holds sizable proved natural gas reserves but only a small portion of the reserves is commercialized because of a lack of natural gas infrastructure.
(Thu, 21 Mar 2024) The South China Sea is a critical world trade route, which had 10 billion barrels of petroleum and petroleum product and 6.7 trillion cubic feet (Tcf) of liquefied natural gas (LNG) trade passing through it in 2023. It stretches from Singapore and the Strait of Malacca in the southwest to the Strait of Taiwan in the northeast.
(Wed, 28 Feb 2024) ISO-New England (ISONE) earlier this month issued the results of its Forward Capacity Auction (FCA) #18, covering commitment period June 2027 to May 2028. Under FCA #18 ISONE secured resource commitments of 31,556 megawatts (MW), or nearly the same as the 31,370 MW cleared in FCA #17. About 2,000 MW less capacity cleared the past two auctions compared with the 33,956 MW cleared in FCA #14, which is the current commitment period of June 2023 to May 2024.
(Fri, 05 Jan 2024) We have created a new dashboard of renewable electric energy in our U.S. Energy Atlas. This dashboard will consolidate the previous Biomass, Geothermal, Hydroelectric, Wind, and Solar maps into one new product that includes a map as well as charts and tables. This new tool provides stakeholders the ability to make selections and filter by state or renewable source.
(Tue, 19 Dec 2023) We released a list of our notable accomplishments for 2023, highlighting our products and programs from this year.
(Mon, 18 Dec 2023) We have released a new set of data tables for commercial buildings using only electricity for certain end uses. These estimates may serve as a baseline for electrification policies and to understand the market for all-electric building technologies and equipment.
(Fri, 08 Dec 2023) Africa has significant hydrocarbon resources, with basins that are considered underexplored and that may hold large resources that could be commercially viable. This briefing will focus on Namibia, Kenya, Uganda, Mauritania, Senegal, and Mozambique.
(Mon, 04 Dec 2023) Brazil's energy mix is diverse; hydropower, fossil fuels, biofuels, wind energy, and solar power all make significant contributions. Brazil's total energy production increased by an average annual growth rate of 1.5% from 2011 to 2021. Petroleum and other liquids accounted for most of the energy production increase, followed by natural gas. Brazil's energy production in 2021 accounted for 2.0% of global production and 48.8% of South America's total.
(Thu, 16 Nov 2023) The November edition of EIA's <em>Short-Term Energy Outlook</em> (STEO) now includes analysis of three crude oil price scenarios and the resulting effects on drilling activity and U.S. crude oil and natural gas production.
(Tue, 14 Nov 2023) China was the most populous country in 2022. However, with a declining population for the first time since 1961, China will be overtaken by India in 2023, according to United Nations estimates. China was the largest energy producer and consumer in the world in 2021. Primary energy production grew by more than 6% in 2021.
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Recently passed legislation in France has mandated that the roofs of all new buildings in commercial areas must be so-called green roofs, which are at least partially covered in either solar modules or with living plants.
The head of top Russian oil producer Rosneft has said the US shale energy boom could become the next “dotcom bubble”. Igor Sechin also accused Opec of destabilising the market by allowing the oil price to halve in six months.
Global oil prices have fallen sharply over the past seven months, leading to significant revenue shortfalls in many energy exporting nations, while consumers in many importing countries are likely to have to pay less to heat their homes or drive their cars.
Coming on the heels of Demand Energy’s announcement that it is installing 1 MW of energy storage capacity in a series of Glenwood residential apartment buildings in New York City, a report released today concludes that the distributed energy storage market will increase almost 10-fold over the next three years.
Leaders Sign "Declaration of Principles" for 6,000-MW Grand Ethiopian Renaissance Hydropower Project
Leaders from Sudan, Egypt and Ethiopia have signed an agreement to end a long-time dispute regarding the controversial 6,000-MW Grand Ethiopian Renaissance hydropower plant.
Even a few years ago, renewable energy played only a small role in most countries’ energy planning. While governments and publics were eager to increase the share of renewables in their energy systems, the economics of doing so were challenging. There were also serious concerns about the impact on the electricity grid of adding too much capacity from variable renewable energy sources, such as solar and wind.
Oil prices fell for the second straight session on Monday as Iran and six world powers negotiated a deal for Tehran's nuclear program that could end Western sanctions, allowing the OPEC member to ship more crude into an already flooded market.
The United States may be the only major oil-producing nation where the domestic politics of petroleum production appear almost entirely divorced from its international interests.
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