Hints and tips:
...The Oklahoma-based company operates more than 30,000 miles of pipelines, including the vast Transco system that ships shale gas from Texas to the east coast....
...Today’s newsletter focuses on the Texas electricity grid. A project by Pattern Energy is vying to build a high-voltage transmission line to connect the isolated power system to the south-eastern US....
...Monday after Israel said it had withdrawn its troops from Khan Younis in southern Gaza, easing fears that the conflict would escalate, Brent is up about 16 per cent this year, while the US benchmark West Texas...
...Robb said there was an urgent need to build more transmission lines to connect more renewable generation to the grid while adding more natural gas generation to boost reliability, at least in the short term...
...The global EV crown is up for grabs as brand loyalty towards gas-powered cars fades....
...International oil benchmark Brent crude and US gauge West Texas Intermediate have topped $100 a barrel this year, fuelled by the Ukraine war....
...Interestingly, in Texas, what really helped them through the heatwaves and the horror of what was happening this summer was renewable energy. Ironically, that really helped Texas get over the hump....
...The market’s “peak ESG concerns have been fading”, said Matt Portillo, an analyst at Texas-based investment bank TPH, referring to environmental, social and governance investing....
...Brookfield also partly owns electricity transmission business AusNet, which means the deal is likely to be scrutinised by competition regulators....
...Gas elsewhere in the US for the same months is trading at about a quarter of that level. Spot prices even plunged below zero in western Texas in recent weeks, as production has climbed to new highs....
...It’s also a natural gas powerhouse. Second and third place are held by Permian producers Mewbourne Oil and Endeavor Energy — hardly household names beyond West Texas....
...Globally, Macquarie is an investor in critical assets ranging from gas transmission to broadband to wind farms to water companies....
...Muddy Waters’ first new short position in Europe disclosed in regulatory filings since 2020 was in UK oil and gas firm Pantheon Resources, according to data group Breakout Point....
...Producers from West Texas to the North Sea kept their spending in check and delivered healthy dividends to their investors....
...The New York-based gas and electricity provider has struck a deal to sell its clean energy business to Germany’s RWE for $6.8bn, including debt....
...“The onshoring of chip manufacturing . . . those are large projects for us in everything from underground water transmission [to] fire protection,” he said....
...There’s still plenty of oil in Texas, of course. But the days when the US could meet the world’s extra oil demand each year are over....
...For Europe, which hopes scaling up domestic supplies of green hydrogen can speed decarbonisation and help replace the loss of Russian natural gas, the US now poses a threat....
...Republicans have made it clear they want to see more gas pipelines and liquefied natural gas terminals, while Democrats want long-range transmission lines put up to move clean energy around the country....
...Power generation collapsed as a cold blast gripped Texas last February, freezing natural gas wellheads and coal piles and icing wind turbines just as demand for heating spiked....
...The US is set to use high levels of gas power generation to stay cool during a heatwave afflicting Texas and other states, according to forecasts by S&P Global Commodity Insights....
...“It’s almost like the industry thought we were driving a car with a five-speed transmission — but we went to shift from fourth to fifth gear and that fifth gear just wasn’t there,” said Dirk Hallen, chief...
...Brooks also told lawmakers that the high energy intensity of crypto can be beneficial by soaking up excess solar and wind capacity, capturing flare gas, and reducing energy loss in transmission and distribution...
...In Texas, meanwhile, the green deluge is ruffling feathers....
...The company said New Orleans had suffered “catastrophic transmission damage”, with all eight of its transmission lines toppled, wiping out power for the entire city....
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