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Business Wire
December 04, 2013

Just one week after a Thanksgiving winter blast upended some oil and gas production operations in Texas, winter storm Cleon made its debut in the Upper Plains on Tuesday and has begun to sweep through the Midcontinent, dropping temperatures in some areas as low as 25 degrees below zero.

Genscape's Stephen Maestranzi told NGI on Wednesday that the industry's last big well freeze-off event occurred in February 2011, with a blizzard in Chicago and blackouts in Texas. "It does not look like a similar set up this time around...We don't have the massive snow storm set up (yet), and it is very warm ahead of this incoming cold blast. While it's going to get very cold briefly, it's transient.

Business Wire
October 21, 2013

Emission Information Inc. and Genscape, Inc. Form Strategic Partnership to Provide Hourly Smart-Grid Information Tracing Electricity Usage Back to its Physical Generation Sources

BOSTON, Oct 21, 2013 (BUSINESS WIRE) -- Boston-based Emission Information and Genscape have teamed up to develop ground-breaking mobile and web applications for consumers and businesses eager to reduce their carbon footprint from electricity use. For the first time, electricity consumers can see precisely what power plant provides electricity for that dishwasher - or piece of capital equipment.

Using data provided by Genscape, the leading global provider of energy information for commodity and financial markets, EI has developed proprietary algorithms, software models, and mobile and web apps that provide hourly forecasts of emissions intensity from electricity use for millions of electricity consumers by ZIP code.

Brett Philbin
October 16, 2013

Traders Await API Oil Inventory Report in Lieu of Government Data

NEW YORK--Oil futures rallied Wednesday after the U.S. Senate reached an agreement to increase the country's borrowing limit, easing concerns that a debt crisis would weigh on crude demand.

Light, sweet crude for November delivery gained $1.08, or 1.1%, to $102.29 a barrel on the New York Mercantile Exchange. The U.S. benchmark, known as West Texas Intermediate, or WTI, had posted modest gains earlier in the session, before spiking late in the morning on word that lawmakers were close to ending the political impasse.

Genscape Inc., an energy intelligence group, told subscribers Tuesday that its own data showed crude oil stockpiles at Cushing, Okla., the delivery point for the Nymex contract, rose by 836,000 barrels last week.

Sabina Zawadzki
October 15, 2013

Weekly snapshots of stored oil at Cushing are produced by the U.S. Energy Information Administration (EIA) and the American Petroleum Institute, while energy intelligence group Genscape provides twice weekly data on the hub.

Total stockpiles at Cushing have fallen 17 million barrels over the last 14 weeks to under 33 million barrels thanks to new pipeline capacity, according to the EIA, which will not publish data this week due to the government shutdown. Genscape reported a build last week, however, which analysts say may be partly due to seasonal refinery maintenance crimping demand for oil.

Harry R. Weber
October 15, 2013

Oct. 28 (Bloomberg) -- Spot wholesale electricity in PJM Interconnection LLC’s Western hub rose as demand topped forecasts on the largest U.S. power network.

Use in the 13-state region, which includes Washington, Philadelphia and Chicago, averaged 89,952 megawatts at 3:55 p.m., compared with a day-ahead forecast of 83,458 megawatts, according to PJM’s website.

Power in Boston rose $11.06, or 33 percent, to $44.34 a megawatt-hour at 4 p.m. from a day earlier. The shutdown helped send New York prices higher because of lower imports from New England, said Matthew Oatway, a Boston-based analyst for Genscape Inc., which tracks real-time power data.

Matthew Robinson and Selam Gebrekidan
October 14, 2013

"We have definitely seen increased demand for our products over the past two years, and it's accelerated even more in the past couple days," said David Francoeur, Chief Marketing Officer for energy intelligence provider Genscape, which uses infrared cameras, helicopter fly-overs and other observational analytics to calculate data on inventory levels at key oil hubs, refineries and in pipelines.

Among the data it offers, Genscape monitors tank levels at the most closely watched oil hubs, including the Cushing, Oklahoma, delivery point for the U.S. oil futures. Next week, the company plans to release its Monday morning Cushing inventory number to the market on Thursday.

Robert Hadley
October 11, 2013

Kentucky companies find inventive solutions to getting and staying competitive

Before Genscape started in 2000, energy traders had no access to vital information about the nation’s power grid and electrical supply, key data that could affect buy-and-sell decisions on a daily basis, according to Diedre Alphenaar, the company’s chief R&D officer.

But thanks to an electromagnetic sensor the company developed – Alphenaar says some 3,000 now dot the United States and 13 European countries – traders now have real-time access to the flow of supply and demand affecting the nation’s electrical supply.

Alexandra Wexler
October 11, 2013

NEW YORK—Commodities traders and investors are struggling to stay on top of their markets as the U.S. government shutdown cuts off the flow of data they rely on to place bets on everything from corn to cotton to oil.

Since the shutdown began on Oct. 1, the government has stopped polling farmers about the state of their crops and also isn't releasing data on the import and export of raw materials, among other tasks.

Genscape, Inc., which gathers information on oil inventories through methods including aircraft flyovers above crude storage tanks, said it planned to make some of its data available for free to market participants next week, once the EIA stops publishing.

Kate Reid
October 09, 2013

LONDON, NEW YORK – Thomson Reuters today announced the addition of IIR Energy planned maintenance data for oil refineries to Thomson Reuters Eikon. The addition of IIR Energy data further expands the oil insight currently available to commodities professionals in Eikon, building upon real-time oil refinery outage data from Genscape and Thomson Reuters editorial coverage of refinery outages.

Oil refinery capacity is shifting today from smaller refineries in the West to larger refineries in the Middle East and Asia, transforming the structure of global oil hubs. With the shifts seen today in the global oil markets, it is increasingly important for oil professionals to have access to actionable oil supply chain intelligence.

Jeanine Prezioso
October 07, 2013

U.S. oil futures prices pared losses on Monday after a report that the Seaway oil pipeline had resumed shipping after a brief shutdown, trade sources said, citing a report from industry intelligence firm Genscape.

Seaway pipeline flows resumed close to 178,000 barrels per day and were expected to continue ramping up, Genscape reported. Genscape monitors detected decreased power consumption on the line earlier on Monday morning and said Seaway had shut from an estimated 295,000 bpd, the firm said.

Oil futures were last trading 60 cents per barrel lower at $103.24 at 11:01 a.m. EDT (1501 GMT), recouping some losses after trading nearly $2 per barrel lower earlier in the session.

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