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Deep-freeze issues still lingering

Deep-freeze issues still lingering
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FILE Steam and fog rise from the Total refinery in Port Arthur, Texas on Dec. 21, 2020.Brandon Thibodeaux/NYT
(Bloomberg) Texas’s refining complex is mostly back from last month’s crippling cold blast, but lingering freeze-related issues continue to plague a number of production units.
More than six weeks after the Arctic storm took down at least 18 of the state’s 30 refineries, and almost 5 million barrels a day of crude-processing capacity, two of the plants still haven’t restored operations.
But at a number of sites, equipment ranging from fluid catalytic crackers to crude units are still struggling. It’s an old story: Refineries don’t respond well to being restarted after unplanned total shutdowns, be it from winter storms, hurricanes or flooding. ....

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For climate progressives, Biden's $2.25 trillion isn't enough

For climate Progressives, Biden s $2.25 trillion isn t enough
Leslie Kaufman and Brian Eckhouse, Bloomberg
April 1, 2021
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President Joe Biden delivers a speech on infrastructure spending at Carpenters Pittsburgh Training Center, Wednesday, March 31, 2021, in Pittsburgh.Evan Vucci/AP
(Bloomberg) As a candidate, Joe Biden garnered nearly unanimous support from environmentalists, progressives, and clean energy advocates for his promise to reconfigure the U.S. economy for the fight against climate change.
But as president, his $2.25 trillion jobs-and-infrastructure blueprint released Wednesday and meant to fulfill much of that campaign pledge received a much less harmonious welcome.
“Today I find myself caught between two truths,” said Varshini Prakash, executive director of the youth climate activist group the Sunrise Movement. “This infrastructure plan is a historic step forward that would not have been possible without us,� ....

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Texas power firm Brazos Electric hit with $2.1 billion bill after freeze, files for bankruptcy

Texas power firm Brazos Electric hit with $2.1 billion bill after freeze, files for bankruptcy
Jeremy Hill, Eduard Gismatullin and Rachel Morison, Bloomberg
March 1, 2021
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FILE - This Tuesday, Feb. 16, 2021, file photo shows power lines in Houston.David J. Phillip/Associated Press
The largest power generation and transmission cooperative in Texas filed for bankruptcy in the wake of power outages that caused an energy crisis during the winter freeze last month.
Brazos Electric Power Cooperative filed for Chapter 11 in the Texas after racking up an estimated $2.1 billion in charges over seven days of the freeze. Last year, it cost cooperative members $774 million for power for all of 2020. ....

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Cheniere to provide LNG cargo emissions data

Cheniere to provide LNG cargo emissions data
Christine Buurma, Bloomberg
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Cheniere Energy s Sabine Pass export terminal in LouisianaLindsey Janies, stf / Washington Post
Cheniere Energy Inc. has become the latest big supplier of liquefied natural gas to say it will provide customers with emissions data as concern grows over the fuel’s contributions to climate change.
The data will quantify the estimated greenhouse gas emissions from wellhead to delivery point for LNG cargoes produced at Cheniere’s Sabine Pass export terminal in Louisiana and its Corpus Christi terminal in Texas, the company said Wednesday in a statement.
Suppliers of the fuel are under increasing pressure from investors and environmental groups to disclose emissions. Earlier this month, Chevron Corp. signed a long-term supply deal with Singapore’s Pavilion Energy Pte that details each cargo’s carbon footprint. ....

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Oil rally could extend into summer

Oil rally could extend into summer
Elizabeth Low and Alex Longley, Bloomberg
Feb. 24, 2021
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The effects of the winter storm in Texas may be seen on crude stockpiles when government data is released Wednesday.David Paul Morris / Bloomberg
Oil climbed again, with mixed news on global inventories offset by expectations of a prolonged market rally into the summer.
Futures in New York climbed as much as 1.4%, wiping out an earlier loss. The American Petroleum Institute reported crude inventories increased by 1.03 million barrels last week, though stockpiles at a key European storage hub are at their lowest level since September, according to Genscape. The structure of the futures curve continues to indicate tighter supply. ....

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