Last updateTue, 23 Jan 2018 4pm


FERC Approves Kinder Morgan NGL Pipeline Project

The Federal Energy Regulatory Commission (FERC) has approved Kinder Morgan’s $412 million Utica Marcellus Texas project. The proposed project involves the abandonment and conversion of 964 miles of natural gas service on the Tennessee Gas Pipeline system, the construction of approximately 200 miles of new pipeline from Louisiana to Texas, and new storage capacity and laterals in Ohio, all with an anticipated in-service date in the fourth quarter of 2018. 

NRC Investigating Valve Failure at Browns Ferry Nuclear Plant

The Nuclear Regulatory Commission (NRC) has launched a special inspection into the failure of a high-pressure coolant injection discharge valve on Unit 3 of the Browns Ferry nuclear plant. The plant, operated by the Tennessee Valley Authority (TVA) is located about 32 miles west of Huntsville, AL.

On Sept. 24, during routine testing, the high-pressure coolant injection system unexpectedly pumped water into the reactor vessel instead of a storage tank, and TVA later determined that a failed nut on a valve allowed it to remain partially open. Other plant systems responded as expected, but the valve failure prompted the NRC to begin the special inspection.

ExxonMobil Adds 22,000 Acres in Permian Basin

ExxonMobil has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware and Midland Basins, the new acreage adds to the company’s existing 6 billion barrels of oil equivalent Permian Basin resource base.

The recent transactions represent important additions to ExxonMobil’s established core positions in the Delaware and Midland Basins. In February, ExxonMobil acquired 250,000 acres in the Delaware Basin from companies owned by the Bass family of Fort Worth. In the Midland Basin, the company has doubled its core operated acreage to more than 130,000 acres through multiple transactions over the last few years. 

Petroleum Demand in August Highest in a Decade

Total petroleum deliveries in August moved up by 1.3% from August 2016 to average 20.5 million barrels per day. These were the highest August deliveries in 10 years, since 2007. Compared with July, total domestic petroleum deliveries, a measure of U.S. petroleum demand, decreased 0.6%. For year-to-date, total domestic petroleum deliveries moved up 1.3% compared to the same period last year.

“Strong economic growth is boosting petroleum demand,” said API director of statistics Hazem Arafa. “Meanwhile domestic production remains high allowing consumers and businesses to continue to enjoy relatively low fuel costs. This is a winning combination.”

Gasoline deliveries in August were down from the prior month, the prior year, and the prior year to date. Total motor gasoline deliveries, a measure of consumer gasoline demand, decreased 1.5% from August 2016, to average 9.5 million barrels per day–but remained the fourth highest deliveries to date. 

China Leads in Wind and Solar Generation Capacity

China is the world’s largest consumer of coal, but it also has more wind and solar generation capacity than any other country in the world. This is just one insight drawn from the new and updated edition of Key World Energy Statistics released by the International Energy Agency (IEA).

Also added is more information on energy use, including that industrial energy use in China and transport use in the U.S. are both by themselves larger than all final energy use in the next largest consumer, India. 



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