Insight for Industry – New Offshore Regulations Respond to Key Failure On April 13, 2015, the Department of the Interior’s (DOI) Bureau of Safety and Environmental Enforcement (BSEE) proposed new offshore oil and gas regulations that will cost the industry hundreds of millions of dollars. However, offshore oil and gas producers will have several years… Keep reading →
Insight for Industry – PJM Capacity Market Faces Continued Uncertainty Despite ongoing efforts by PJM Interconnection (PJM) to address system reliability issues, regulatory impacts to its capacity market continue to increase uncertainty. The March 31 Federal Energy Regulatory Commission (FERC) ruling that requires PJM to provide additional information on its Capacity Performance (CP) proposal could… Keep reading →
The more the 50 percent crude oil price decline since July 2014 has impacted oil and gas industries throughout the supply chain and reignited energy policy debates at federal and state levels. Light, sweet oil has accounted for the majority of the domestic production increase over the last eight years, but since U.S. refiners are… Keep reading →
Pennsylvania’s Natural Gas Industry Challenged by Regulatory Changes While a number of regulatory changes could slow Pennsylvania’s oil and gas expansion, its resource deposits will continue to attract steady growth. Pennsylvania Governor Tom Wolf’s proposed natural gas severance tax would significantly increase the effective tax rate for shale gas producers in the state, and ongoing… Keep reading →
Insight for Industry – Ongoing Technology Advances and Policy Actions Will Lower New York’s Offshore Wind Costs Global and domestic factors, combined with siting and transmission policies, innovative financing mechanisms, and infrastructure upgrades may allow New York to reduce offshore wind energy costs by 50 percent by 2022. Offshore wind energy cost reductions will enable… Keep reading →
Insight for Industry – U.S. Crude Oil Export Restrictions Cause Refining Mismatch and Light Oil Price Discount The dramatic increase in domestic oil production over the past decade – facilitated by drilling technology improvements – has rekindled the crude oil export debate. Allowing crude oil exports would provide an additional market for light crude derived… Keep reading →
Insight for Industry – Capital-Intensive Wind Energy Projects Will Rely on Streamlined Processes and Supportive Policies Continued wind industry growth depends on near- and long-term actions that can facilitate continued cost reductions, add transmission capacity, and streamline permitting activities to complement government policies. Domestic wind deployment has increased in recent years despite low natural gas… Keep reading →
BOEM Lease Sale 246 to Offer all Available Acreage in Western GOM for Oil and Gas Activity The Gulf of Mexico (GOM) accounts for the majority of oil and gas production on the Outer Continental Shelf (OCS). On March 2, 2015, the Bureau of Ocean Energy Management (BOEM) announced that its proposed Gulf of Mexico… Keep reading →
Innovative Plans Optimize Excess Pipeline Capacity during Spring and Fall Seasons Northeast natural gas demand is not consistent year-round. This challenges pipeline project developers to prove project necessity. However, developers are proposing enhancements to existing systems and innovative strategies to make use of potentially excess pipeline capacity. Some proposed options to optimize excess supply and… Keep reading →
EnerKnol Research reports that demand response resources will continue to thrive under an upheld FERC Order 745 vacatur, despite concerns over wholesale energy market and electric system reliability impacts. EnerKnol Research recently released a report analyzing the implications of an upheld FERC Order 745 on demand response across the nation. The report finds the future… Keep reading →
