10222017Sun
Last updateThu, 19 Oct 2017 5pm

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EIA Projects 28% Increase in World Energy Use by 2040

The U.S. Energy Information Administration (EIA) projects that world energy consumption will grow by 28% between 2015 and 2040. Most of this growth is expected to come from countries that are not in the Organization for Economic Cooperation and Development (OECD), and especially in countries where demand is driven by strong economic growth, particularly in Asia. Non-OECD Asia (which includes China and India) accounts for more than 60% of the world's total increase in energy consumption from 2015 through 2040.

Through 2040, the EIA projects increased world consumption of marketed energy from all fuel sources, except for coal demand, which is projected to remain essentially flat. Renewables are expected to be the fastest-growing energy source, with consumption increasing by an average 2.3% per year between 2015 and 2040. The world’s second fastest-growing source of energy is projected to be nuclear power, with consumption increasing by 1.5% per year over that period. 


Gulf Coast Oil & Gas Operations Returning to Normal

According to the IEA’s latest Oil Market Report, disruption to local oil markets in the U.S. Gulf Coast is easing on a daily basis and its impact on global markets is likely to be relatively short-lived. Given the severity of the storm, it was inevitable that the normal output and distribution of products would be hampered, that local shortages would emerge, and prices would rise. Before the storm hit Texas, commercial stocks in the U.S. and in the Gulf Coast region were at comfortable levels. This was a good thing because the estimated loss of refinery output in September of about 1.6 mb/d has only partially been offset by lower demand. 

Cause of 2016 ExxonMobil Refinery Fire Found

The U.S. Chemical Safety Board released a safety bulletin on the November 22, 2016 fire that severely burned four workers at the ExxonMobil refinery in Baton Rouge, LA.

The fire occurred during maintenance activities when operators inadvertently removed bolts that secured a piece of pressure-containing equipment to a plug valve. When the operators attempted to open the plug valve, the valve came apart and released flammable hydrocarbons, which formed a vapor cloud that quickly ignited. 

Energy Company Looking at Sites for Hydroelectric Storage

Dominion Energy Virginia is moving forward with its plan to study the feasibility of a $2 billion pumped hydroelectric storage facility in the coalfield region of southwest Virginia by conducting in-depth studies of two potential sites. The company currently is considering two possible locations for the power station, a 4,100-acre site in Tazewell County and an abandoned mine in Wise County.

Dominion Energy filed a preliminary permit with the Federal Energy Regulatory Commission (FERC) for the Tazewell location. The company has contracted with Virginia Tech to conduct the study of the former Bullitt Mine near Appalachia, VA. 

Water Reuse Capacity to Increase 37% Over Next Ten Years

An increasing focus on resiliency and water supply risk is driving investment in water reuse. New capacity additions in the U.S. municipal water sector are forecasted to surpass $21.5 billion from 2017 to 2027, according to a new report from Bluefield Research. At the epicenter of U.S. reuse activity are three states -- California, Texas, and Florida -- which represent 80% of planned capacity additions.

"Climate volatility, such as the recent hurricanes and California's five-year drought, are forcing municipal utilities to seek alternative strategies to de-risk existing water supplies, and water reuse has become key solution in their contingency plans," says Bluefield Research director Erin Bonney Casey. 

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