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The pipeline
q4 - 2021
New energy storage project slated for louisiana
There's a new player in energy storage and they're launching an industry first project right in our back yard. Visit this article to learn more about Energy Vault and how they'll be using a 6 armed crane, a ton of composite blocks and gravity to create a 500 MWh storage system.
Majors snap up leases for drilling rights in largest auction of Gulf of Mexico acreage since 2014.
Among a handful of Gulf Coast refineries to bear the brunt of Hurricane Ida damage, Phillips 66 to convert severely damaged Alliance Refinery in Belle Chasse, LA to oil terminal.
The pipeline
q3 - 2021
GNO Inc. says Louisiana is prime for wind power future
As wind continues to pick up as a promising alternative energy source, local economic development group, GNO Inc., projects Louisiana as being a key state for development. Many Louisiana companies rooted in Oil & Gas are looking to shift to wind turbine production and transportation in anticipation of Gulf of Mexico offshore wind farms to come. More information available here.
Check out this article from ZeroHedge for insight into oil spreads and the impacts of non-normal backwardation.
Looking for insights into pre- and post-pandemic employment trends in the energy sector? The 2021 U.S. Energy Employment Report (USEER) shows investment in infrastructure and transportation could help improve the economic outlook in 2021.