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1 month ago | 
insight.factset.com | Mitch Jennings |Lucas Caminiti |Katrina Abuls |Bailey Mclaughlin
Mexican president Claudia Sheinbaum Pardo gave a speech in early February focused on the country’s plans for expanding the National Electric System in 2025–2030. The speech and accompanying documents laid out 10 combined cycle plants to come online between 2025–2027, totaling 6.7 GW of incremental capacity. Another five combined cycle plants were mentioned as under consideration, which total an additional 3.4 GW of capacity, and would come online in 2028–2029.
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1 month ago | 
insight.factset.com | Matthew Hoza |FactSet Insight |Nate Miller |Mitch Jennings
Even as demand from data centers grows, weather remains a dominant factor affecting both gas and power markets across the United States. In Texas, the drop to frigid temperatures several times this winter has led to a significant increase in ERCOT prices, surging by an average of 20% compared to the previous year.
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Jan 16, 2025 | 
insight.factset.com | Rachel Koch |Camille Buckley |Matthew Hoza |Mitch Jennings
The natural gas market in 2024 experienced significant volatility, with a mild winter that led to oversupplied storage, resulting in crashing prices and production curtailments. Despite strong summer power burn, LNG growth faced delays and the U.S. saw record net imports from Canada, resulting in over 3.97 Tcf of gas in storage exiting the summer. As we go further into 2025, the market’s path remains uncertain, but several key trends are expected to shape its trajectory.
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Jan 9, 2025 | 
insight.factset.com | Camille Buckley |Matthew Hoza |Mitch Jennings
The oil and gas market remained as volatile as ever in 2024, and the U.S. producer response wasn’t without its surprises. On the oil side, an underperformance of global oil demand weighed on prices, while the gas side saw the domestic market hampered by a warmer-than-normal ‘23/’24 winter that lead to high levels of gas in storage and production curtailments.
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Jan 7, 2025 | 
insight.factset.com | Matthew Hoza |Mitch Jennings |Rachel Koch
Data centers and load growth were a throughline for 2024 power markets. The year saw a continuation of the industry's reckoning with a change from flat or declining demand to seemingly uncapped growth. ERCOT’s load forecasts encapsulate the frenzy around revising load estimates upward, with the ISO calling for its load to essentially double by 2030.
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Nov 13, 2024 | 
insight.factset.com | Rachel Koch |Eric Wright |Nate Miller |Mitch Jennings
The U.S. gas market has been in a pickle since the 2023/2024 warm winter that caused storage to be oversupplied throughout the course of Summer 2024. While production curtailments, reduced drilling activity in gas-directed basins, and record power burn helped to narrow the storage surplus relative to the five-year average, it wasn’t enough to completely eliminate the overhang. This leaves the U.S. gas market oversupplied by over 200 Bcf heading into the upcoming winter.
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Oct 2, 2024 | 
insight.factset.com | Eric Wright |Nate Miller |Mitch Jennings |Jon Bowman
Energy By Eric Wright | October 2, 2024 There are two seasons for electric utilities in the western United States: Wildfire Season, and Wildfire-Prep Season. Previously viewed as singular disasters, wildfires are now considered chronic inevitabilities to be anticipated, mitigated, and regulated.
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Sep 17, 2024 | 
insight.factset.com | Nate Miller |Mitch Jennings |Jon Bowman |Eric Yussman
We are well into hurricane season, and early indications suggest this could be one of the more eventful years for tropical-storm activity in the Atlantic. Forming on June 28th, Hurricane Beryl was the earliest-forming Category 5 hurricane ever recorded, and a below-average August in terms of cyclone activity has given way to a very active September.
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Aug 27, 2024 | 
insight.factset.com | Mitch Jennings |Jon Bowman |Eric Yussman |John Foley
Energy By Mitch Jennings | August 27, 2024 Yesterday, Libya’s eastern government announced all oilfields in the country will be shut and production and exports will stop. Libya’s National Oil Corp (NOC) has not confirmed the stoppage, but the Waha Oil Company said it will start to cut production and that production could stop completely due to protests and pressure. This shutdown is the latest in a string of events related to control over the country’s political and economic resources.
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Jun 13, 2024 | 
illawarramercury.com.au | Mitch Jennings
Star Collegians forward Josh Dowel will be a reluctant spectator for the next three weeks amid a frustrating 2024 for the Dogs. Picture by Adam McLeanIt says a lot about Collegians' luckless 2024 campaign that losing key forward Josh Dowel for three weeks isn't the most frustrating thing that's happened. Subscribe now for unlimited access.
