Power
Daily News Energy Headlines from June 15, 2017
Scan through a selection of energy-related news highlights that we think will interest our clients.
Released Friday, June 16, 2017
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
POWER
FERC: Southern California Power Supply at Risk This Summer - Natural gas constraints in Southern California could pose a risk to the region's power supply this summer, while New England and Texas could face tight electricity supplies, the U.S. Federal Energy Regulatory Commission (FERC) said on Thursday. (Reuters)
Bloomberg: Renewables to Be on Par with Gas by 2040 - By 2040, renewable energy resources such as wind and solar power will supply just as much of America's electricity demand as gas, based on a Bloomberg New Energy Finance outlook issued Thursday. (Bloomberg)
PIPELINES
Federal Judge Orders Reassessment of Dakota Access - A federal judge ordered the U.S. Army Corps of Engineers to reconsider its environmental review of the Dakota Access Pipeline on Wednesday, opening up the possibility that the line could be shut at a later date. (Reuters)
NATURAL GAS
Heat Wave in South Could Burn More Gas Next Week - Nationwide, power plants will burn 8.3% more gas next week as hotter readings in the South make up for mild weather in the Midwest and Northeast, according to data from Bloomberg New Energy Finance. (Bloomberg)
NUCLEAR
More Than Half of U.S. Nuclear Reactors Losing Money - More than half of America's nuclear reactors are bleeding cash, racking up losses totaling about $2.9 billion a year, based on a Bloomberg New Energy Finance analysis. (Bloomberg)
Turkey Gives Rosatom Permission to Build Nuclear Station - Russia's State Atomic Energy Corporation (Rosatom) won approval from Turkey's energy watchdog on Thursday to go ahead with building its $20 billion Akkuyu nuclear power plant in southern Turkey. (Project 82600012) (Reuters)
PRODUCTION
Canada Oil Sands Production Continues Growing - Even as U.S. companies like ConocoPhillips (NYSE:COP), Marathon Petroleum Corporation (NYSE:MPC) and others exit Canada, the North American country's oil sands are set to become the world's second-biggest source of oil supply growth over the next two years, second only to U.S. shale plays, IHS Markit said Thursday. (Fuel Fix)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at https://www.industrialinfo.com.
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