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16 Feb, 2021 Author Allison GoodCorey Paul
Some Gulf Coast oil and natural gas midstream infrastructure remained sidelined Feb. 16 as Texas bore the brunt of historically harsh winter weather and extended power outages.
Andy Weissman, CEO of energy research and consulting firm EBW AnalyticsGroup, told clients on Feb. 15 that at least 7 Bcf/d of [gas] production was shut-in and . at least 1.5 million [barrels/d] of oil production is lost as drillers halted operations.
As of Feb. 16, these supply disruptions were still trickling down to the pipelines that transport oil and gas volumes from shale plays like West Texas Permian Basin and the Mid-Continent.
Biden Blocking Keystone Threatens to End Mega Pipelines Era By Gerson Freitas Jr., Rachel Adams-Heard and Ellen Gilmer | January 22, 2021
Joe Biden’s move to block the $9 billion Keystone XL project is the clearest sign yet that constructing a major new pipeline in the U.S. has become an impossible task.
The incoming president has pledged to reshape the U.S. energy sector and accelerate the transition from fossil fuels, and the cancellation of the proposed link to Canada’s oil sands will be one of his first big environmental actions.
Even before Biden’s inauguration Wednesday, the oil and gas industry was on its back foot when it came to building major new infrastructure. Despite Donald Trump’s pro-fossil-fuel policies, energy companies such as Williams Cos. and Dominion Energy Inc. have been forced to scrap new projects in the face of stiff opposition.
January 6, 2021
Solar stocks and sector-related exchange traded fund surged Wednesday on bets that the Democrat sweep in the Georgia Senate runoff election could help promote more aggressive green spending.
The
Invesco Solar ETF (NYSEArca: TAN) was among the best performing non-leveraged ETFs of Wednesday, rising 9.8%.
Election results in Georgia showed Democrat Raphael Warnock taking over incumbent Republican Kelly Loeffler for one of Georgia’s U.S. Senate seats. In Georgia’s other U.S. Senate runoff, Democrat Jon Ossoff was also leading Republican David Perdue by a narrow margin, but the tally has yet to be finalized.
“Clean-power policies are far more popular than Republican Senate leadership are willing to admit, so a Democratic win in Georgia could pave the way for Biden to aggressively push for a clean-energy package,” Katie Bays, managing director at FiscalNote Markets, a policy consulting company, told Bloomberg.