November 18, 2020 In August 2020, the Federal Offshore Gulf of Mexico (GOM) saw its largest monthly decrease in production of crude oil since September 2008, dropping by 453,000 barrels per day (b/d), or 27%. Production of crude oil in the GOM totaled 1.2 million b/d in August 2020, which is its lowest production rate in nearly seven years. The regional drop in production … [Read more...] about The Gulf of Mexico saw its largest decrease in crude oil production since 2008 in August
EIA expects U.S. crude oil production to remain relatively flat through 2021
November 17, 2020 In the U.S. Energy Information Administration’s (EIA) November Short-Term Energy Outlook (STEO), EIA forecasts that U.S. crude oil production will remain near its current level through the end of 2021. A record 12.9 million barrels per day (b/d) of crude oil was produced in the United States in November 2019 and was at 12.7 million b/d in March 2020, … [Read more...] about EIA expects U.S. crude oil production to remain relatively flat through 2021
Natural gas inventories end the injection season near the record high
November 16, 2020 The amount of working natural gas in storage in the United States ended the natural gas injection, or refill, season (April 1–October 31) at 3,920 billion cubic feet (Bcf), according to interpolated data from the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report released on November 13. The amount of natural gas … [Read more...] about Natural gas inventories end the injection season near the record high
Interregional electricity trade in India affects shares of solar and coal-fired generation
November 13, 2020 With more than 1.3 billion people, India is the second-most populous country in the world and has the third-highest energy consumption level after China and the United States. To help meet the country’s energy needs, India is expanding its electric transmission infrastructure to improve electricity movement between regions of the country. In the … [Read more...] about Interregional electricity trade in India affects shares of solar and coal-fired generation
2020 could be a record year for U.S. wind turbine installations
November 12, 2020 According to data collected by the U.S. Energy Information Administration (EIA), project developers expect more than 23 gigawatts (GW) of wind turbine generating capacity to come online in the United States in 2020, far more than the previous record of 13.2 GW added in 2012. Only 5.0 GW of capacity has come online in the first eight months of this year, … [Read more...] about 2020 could be a record year for U.S. wind turbine installations