Fuel Fix-http://www.fuelfix.com

Energy California and Texas' grid share similar problems Here's a look at the differences and similarities of the power landscapes in California and Texas. RENEWABLES CenterPoint delays mean solar panels sit useless on roofs Solar companies, homeowners and trade groups say the time involved in getting permits to connect panels to CenterPoint’s service area has gone from one month to six. Energy U.S. energy secretary touts geothermal goals To develop what’s called enhanced geothermal systems on a large scale, the government is investing nearly $200 million in research, according to the DOE. The majority of those funds – up to $165 million – are allocated for transitioning oil and gas practices to geothermal energy extraction. ENVIRONMENT Amplify Energy agrees to pay $5 million to California for oil spill Houston-based Amplify Energy said Thursday it has agreed to pay nearly $5 million in fines related to October’s pipeline leak that sent 25,000 gallons of oil into the Pacific Ocean.

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WTI Crude Price Natural Gas Price

Oil & gas

The U.S. rig count falls by one this week The number of operating drill rigs fell nationally by one to 759 this week, according to oil field services company Baker Hughes. Texas continues to add oil field services jobs in August Texas collects more than $10 billion in taxes from oil and gas U.S. rig count down five this week as oil trades below $90 Permian Basin helps support more than 500,000 jobs, report shows

ANALYSIS: THE WEEK AHEAD

Oil prices to move on search for Russian replacements

Energy transition

Baker Hughes to acquire pipeline inspection co. for $280M The Quest acquisition, part of the Houston company’s effort to transform into an energy technology company, expands its capacity to detect structural weaknesses in “difficult-to-inspect” pipelines. Shell launches renewable power brand in Texas Phillips 66 partners with FreeWire to expand EV charging stations Enterprise, Oxy plan CO2 project along Texas Gulf Coast Beaumont could be getting a new biofuels facility

Pipelines

Plains All American Pipeline says it returned to the black in Q4 Plains All American Pipeline on Wednesday said it returned to the black in the fourth quarter as demand for oil and gas rebounded from historic lows earlier in the pandemic. Baytown steel plant plans to expand Renewable natural gas plant planned Q4 profit rebounds at Enterprise Products partners Energy Transfer must pay $410 million for killed Williams merger

Refining & Chemicals

Gasoline prices fall sharply as crude takes a beating Average prices in Houston have plunged by more than $1 a gallon since they peaked here in mid-June at $4.64 a gallon, and some stations are selling gasoline for less than $3 a gallon, according to... Diesel reached ‘record highs’ last week as inventories tighten Have gasoline prices peaked? They continue to fall in Houston. U.S. gasoline price shock’s roots go deeper than crude’s surge Houston gas prices drop for third consecutive week

power & renewables

Texas could near all-time record for power demand today Texas it set to come close to all-time records for electricity demand today. CenterPoint power outages below 3,000 PUC official: Long-term changes to power grid still to be studied CenterPoint earnings soared in 2021 amid energy company's pivot Energy Transfer moves to shut off gas to power company, drawing...

Politics

U.S. solar panel shipments increase by 32 percent Solar panel shipments within the United States increased 32 percent last year, as solar developers continue their rapid expansion in Texas and other states, the Department of Energy reported Thursday. Texas expected to see $67B investment in clean energy Analysts forecast EV sales to surge under Senate climate bill Biden releases $32 million to stop methane leaks In Democrats' climate bill, oil and gas leasing gets locked in

Energy services

Texas adds more than 4,000 oil field services jobs in April Texas added around 4,200 oil field services jobs in April for a total of 303,251. Rig counts see biggest jump in four years Pemex says Baker Hughes business due to growth, not AMLO son Halliburton denies it’s vying for Exxon’s stake in Iraq field Iraq says Halliburton, Exxon in talks for stake in oil field

Fuel Fix

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