NOAA: Oregon LNG Pipeline Will Have Minimal Impact
The U.S. National Oceanic and Atmospheric Administration (NOAA) said its analysis found that the construction and operation of a new liquefied natural gas (LNG) facility in Coos Bay, Ore. and its associated pipeline will have minimal impact on protected species and their habitats.NOAA Fisheries issued a final biological opinion on construction and operation of the Jordan Cove terminal and the associated 229-mile long Pacific Connector LNG pipeline.
July: Earth's Hottest Month Ever Recorded
According to the latest monthly climate report from the U.S. National Oceanic and Atmospheric Administration (NOAA), July 2019 was hottest month on record for the planet and Polar sea ice melted to record lows.Much of the planet sweltered in unprecedented heat in July, as temperatures soared to new heights in the hottest month ever recorded. The record warmth also shrank Arctic and Antarctic sea ice to historic lows.The average global temperature in July was 1.71 degrees F above the 20th-century average of 60.4 degrees…
Hedge Funds Build Bullish U.S. Natural Gas Position
Hedge funds are more bullish about U.S. natural gas prices than at any time for almost three years, according to position records published by regulators and exchanges. By April 4, hedge funds and other money managers had amassed a net long position in the two main futures and options contracts linked to U.S. gas prices equivalent to 3,280 billion cubic feet (http://tmsnrt.rs/2nxfzE0). Fund managers had boosted their net long position for five consecutive weeks by a total of 1…
Ocean Mapping: Fugro Partner with Shell on X-Prize
Fugro will partner with the Shell Ocean Discovery XPRIZE to support first round testing of the global, three-year competition, which incentivizes development of rapid, unmanned and high resolution ocean mapping technologies. Fugro’s role is to provide high resolution deepwater baseline bathymetry data over a 500 sq. km competition area. The company has recently collected more than 1 million sq. km of high resolution bathymetry data per year globally, predominantly in water depths greater than 750 meters.
U.S. NatGas Prices Caught in Crossfire: Kemp
U.S. natural gas prices are caught in the crossfire between warmer-than-normal weather and a structurally tightening supply-and-demand balance. Working gas stocks in underground storage rose by 73 billion cubic feet to 3,909 billion cubic feet last week, according to the U.S. Energy Information Administration (http://tmsnrt.rs/2eCrFWF). Stocks have increased by less than the five-year average for 25 consecutive weeks, which has eliminated the huge overhang inherited from the warm winter of 2015/16 (http://tmsnrt.rs/2eCqaaV).
Oil Demand Likely Up in Sweltering Middle East
Saudi Arabia raised its oil production to a record last month while much of the kingdom sweltered in record temperatures that have also hit neighbouring countries across the Middle East. There is not enough statistical data to draw a direct connection between the two but it is likely most if not all the extra oil production was burned in the kingdom's power plants to meet electricity demand. Saudi Arabia's power generators rely heavily on burning unrefined crude as well as residual fuel oil and diesel to meet electricity demand.
Earth On Track For Hottest Year as Warming Speeds Up
The earth is on track for its hottest year on record and warming at a faster rate than expected, the World Meteorological Organization (WMO) said on Thursday. Temperatures recorded mainly in the northern hemisphere in the first six months of the year, coupled with an early and fast Arctic sea ice melt and "new highs" in heat-trapping carbon dioxide levels, point to quickening climate change, it said. June marked the 14th straight month of record heat, the United Nations agency said.
El Nino, Sluggish Freight Upend U.S. Heating Oil Market
Heating oil prices in the United States are trading as if it was mid-summer rather than winter, as warm weather and sluggish demand from freight companies combine to make heating oil cheaper than gasoline. Heating oil normally trades at a substantial premium to gasoline in winter and then moves to a discount during the second and third quarters as heating demand fades and the summer driving season ramps up. But this winter, heating oil is trading…
Record U.S. Warmth Cuts NatGas, Heating Oil Demand
El Nino has helped produce an unusually mild autumn and start to winter across the United States, sharply cutting the demand for heating and worsening the glut in supplies of natural gas and heating oil. Warm weather and surging energy production have pushed heating oil prices down to the lowest level since 2004 and natural gas prices to the lowest since 1999. El Nino's lingering effects and continued oversupply could keep prices for both fuels under pressure for some time, with the weather impacts persisting well into 2016. According to the U.S.
For Most of Us, Global Warming has Become 'Normal'
Last colder-than-average month was February 1985-NOAA. Perceptions of "normal" climate shift as memories fade. Global warming has been going on for so long that most people were not even born the last time the Earth was cooler than average in 1985 in a shift that is altering perceptions of a "normal" climate, scientists said. Decades of climate change bring risks that people will accept higher temperatures, with more heatwaves, downpours and droughts, as normal and complicate government plans to do more to cut emissions of greenhouse gas emissions.
Severe U.S. winter leaves questions for gas, power markets
Natural gas pipelines and power utilities across the United States struggled for several weeks to keep lights on and homes warm through the coldest winter in decades, but it may take many months for the cost and the fallout of the so-called "polar vortex" to work through the energy chain. As sub-freezing temperatures spread in January and February, spot natural gas prices spiked at many gas delivery points in the Midwest, Northeast and New York, pushing wholesale power prices above $100 per megawatt-hour for days at a time.
