Trump signs legislation to boost DOE funding, extend wind power credit
President Donald Trump signed a "minibus" appropriations package into law on Dec. 20 that increases funding for U.S. Department of Energy research efforts and extends the federal wind energy production tax credit by a year through 2020.
Chevron looks to operational shifts, asset sales as new energy era unfolds
Chevron Corp. is considering selling off natural gas assets around the world as it evaluates its corporate structure to increase efficiencies, trim costs and generate profits in what promises to be a new era for energy.
US EPA nixes financial requirements on coal, petroleum products sector
The U.S. Environmental Protection Agency proposed to not impose financial responsibility requirements for facilities in the petroleum and coal products manufacturing industry under a section of the Comprehensive Environmental Response, Compensation, and Liability Act.
Global LNG supply growth to foster spot market, challenge new commercial deals
The continued build-out of the U.S. LNG export complex is expected to keep a lid on international gas prices and require project developers and gas sellers to stay nimble in an evolving marketplace to be successful.
Other energy headlines
* Apache Corp.'s stock price reached $25.62 by midmorning on Dec. 23, after the company announced a joint venture with Total SA that will help Apache develop Block 58.
* In an effort to keep its Northern California customers' lights on during widespread precautionary blackouts to prevent power lines from sparking wildfires, Pacific Gas and Electric Co. has launched an unprecedented search for microgrids.
* The New York ISO is looking to focus on power market enhancements designed to improve energy and capacity market price formation, smoothly integrate renewable resources and strengthen ancillary services markets in the coming five years.
* The Federal Energy Regulatory Commission flagged its concerns with a Federal Communications Commission proposal promoting wireless development and offered the expertise of its staff to aid the telecommunications regulator in assessing the plan.
*Weak coal production data coming from the U.S. Energy Information Administration led B. Riley FBR analyst Lucas Pipes to lower earnings estimates for the country's two largest coal miners by volume for the fourth quarter.
A recent outlook from S&P Global Platts Analytics found that U.S. LNG export volumes will rise from approximately 7.6 Bcf/d in December to 12.2 Bcf/d a year from now. That would be a build of 60%, on top of the 65% increase over the last year.
Research and data
* RRA Financial Focus: Fundamental themes of 2019 in upstream and midstream energy
* RRA Financial Focus: Renewable outlook in 2020 remains bright despite federal policy uncertainty
* RRA Regulatory Focus: Parties reach settlement in controversial CenterPoint rate case in Texas
Top pick of the day
FERC order directing PJM to expand MOPR could have huge ramifications
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