Power Grid – Oil & Gas 360

Exclusive: One Power Company at EnerCom Denver-The Energy Investment Conference 2024

August 27, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. One Power Company builds, owns, and operates major electrical infrastructure for industrial energy users on their side of the meter. One Power is already building the customer-centric power grid of the

Congress is key to building future U.S. oil and gas projects, Williams CEO says- oil and gas 360

EV market softens, car makers adjust

August 7, 2024

Oil and Gas 360 Ford’s on-going” market therapy” regarding a less than enthusiastic reception for its three EV models is costing the company about $3 billion to convert a Canadian plant from its purpose-built EV design to produce more of its Super Duty truck models (F-250, 350 and 450). Trucks constitute the lion’s share of Ford’s business; its F-150 internal

AI and the grid with natural gas and coal to the rescue?- oil and gas 360

AI and the grid, natural gas and coal to the rescue?

July 31, 2024

Oil and Gas 360 “Knowledge workers” anticipating a cheap energy/low emissions post-industrial work-from-home economy are having to confront the need for more industrial production of natural resources and infrastructure as the energy needs for the data centers making their work possible via the internet, cloud and now Artificial Intelligence (AI) are growing exponentially. Data centers are increasingly recognized as another

U.S. boosts natural gas power as wind output slumps to 33-month low

July 25, 2024

Oil Price U.S. natural gas-fired power generation jumped this week amid the lowest wind power output in 33 months seen on Monday while demand for cooling is rising in the summer. On July 22, wind power output in the Lower 48 states was at its lowest level in the country since October 4, 2021, per preliminary data from the U.S.

Global electricity demand is soaring

July 19, 2024

Oil Price Economic growth, higher demand for cooling amid heat waves, the rapid rise of data centers, and continued electrification are set to push the growth in global electricity demand to one of the highest paces in the past 20 years in 2024 and 2025, the International Energy Agency (IEA) said on Friday. Electricity demand is set for growth of about 4%

US power demand hits hourly record high on hottest day of summer, EIA and LSEG say

July 16, 2024

U.S. News U.S. demand for power hit a preliminary hourly record high on Monday as homes and businesses cranked up their air conditioners to escape a brutal heat wave blanketing most of the Lower 48 states on the hottest day so far this summer. Extreme weather reminds consumers of the fatal freeze in February 2021 that left millions of Texans

Power outages hinder Hurricane Beryl recovery, delay oil infrastructure restarts

July 10, 2024

BOE Report About 1.7 million customers remained without power in Texas on Wednesday morning, two days after Hurricane Beryl made landfall, as progress to restore power was slow during the night, hampering efforts to quickly restart critical oil infrastructure. The storm made landfall as a Category 1 hurricane on Monday near the coastal town of Matagorda, about 100 miles (160

Texas energy industry starts restoring operations after Beryl

July 9, 2024

Oil Price Energy companies in Texas began restoring operations on Tuesday after some ports were shut and refineries reduced output ahead of hurricane Beryl, which made landfall on the U.S. Gulf Coast in Texas earlier this week. Early on Monday, Beryl, which at one point was the earliest Category 5 hurricane on record, made landfall in Texas, bringing heavy rains and

US power use to reach record highs in 2024 and 2025 -EIA

July 9, 2024

Yahoo Finance U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected power demand will rise to 4,099 billion kilowatt-hours (kWh) in 2024 and 4,128 billion kWh in 2025. That compares with 4,000 billion kWh in 2023 and a record

One Energy to host virtual analyst & investor day on Monday, July 1, 2024

June 28, 2024

Oil and Gas 360 Publisher’s Note: Industrial power company One Energy to host a virtual analyst and investor day on Monday, July 1, 2024, from 1:00 p.m. to 2:30 p.m. (ET). Registration is required: registration link. FINDLAY, Ohio–(BUSINESS WIRE)–One Energy Enterprises Inc. (“One Energy”), an industrial power company, announced today that it will host a Virtual Analyst and Investor Day

China looks to curb overcapacity in its lithium battery industry

June 19, 2024

Oil Price China issued on Wednesday new guidelines for its lithium-ion battery industry in a bid to put quality over quantity in battery manufacturing, whose boom led to overcapacity and eroded prices for companies in the sector. “China’s Ministry of Industry and Information Technology on Wednesday unveiled revised guidelines for the lithium-ion battery industry to further strengthen standardized management and promote high-quality

US PJM prepared to meet electricity demand during hot weather spell

June 14, 2024

Yahoo PJM Interconnection, the biggest U.S. power grid operator said on Friday that it is ready to meet anticipated electricity demand during a predicted heat wave. Temperatures are expected to soar for the next ten days across the PJM region, the operator noted in its press release. “While PJM has sufficient generation and transmission capacity to meet demand during the

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