Happy Friday! And happy birthday to Public Enemy's Flavor Flav, so that pioneering act brings today's intro tune . . .
The big story: U.S. officials on Thursday accused Russia of a wide-ranging campaign of cyberattacks that targeted energy infrastructure, citing a "multi-stage intrusion campaign by Russian government cyber actors."
Why it matters: Reuters notes that it's the "first time the United States has publicly accused Moscow of hacking into American energy infrastructure."
"Since at least March 2016, Russian government cyber actors...targeted government entities and multiple U.S. critical infrastructure sectors, including the energy, nuclear, commercial facilities, water, aviation, and critical manufacturing sectors," the FBI and Department of Homeland Security said in a joint statement.
Threat level: "United States officials and private security firms saw the attacks as a signal by Moscow that it could disrupt the West’s critical facilities in the event of a conflict," the New York Times reports.
The context: The information came alongside a Treasury Department announcement of sanctions against 5 entities and 19 individuals in Russia over meddling during the 2016 U.S. election — as well as for destructive cyberattacks, including the NotPetya malware attack.
Aramco IPO: Bloomberg reported Friday that one reason Saudi Arabia has apparently delayed the massive Aramco IPO could be tepid interest from some big U.S. investors.
FERC and pipelines: The Wall Street Journal unpacks an important tax decision yesterday by the Federal Energy Regulatory Commission that hits some key pipeline companies.
Climate: Via NPR, "The Federal Emergency Management Agency, the federal government's first responder to floods, hurricanes and other natural disasters, has eliminated references to climate change from its strategic planning document for the next four years."
Big picture: BP released a wide-ranging report on how technological development will shape energy production and use in the decades ahead.
The nonprofit Smart Electric Power Alliance is out with a new analysis of utilities that finds the sector is not moving aggressively to prepare for wider adoption of electric vehicles.
Why it matters: Widespread EV adoption will create new demands on the power sector but also provide new opportunities, such as using their batteries to send energy back onto the grid.
The bottom line: The survey of 486 utilities demonstrates that utilities have "generally taken a conservative approach" to EVs despite projections that the vehicles' combined power use will rise by orders of magnitude in coming decades.
Check out the chart above. It shows that of the utilities that do have EV-related programs, most are still in the early stages.
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Speaking of utilities and EVs: This piece in Quartz provides another look at how EVs are a good opportunity for power companies as overall electricity demand has stagnated.
A new analysis by the consultancy OpenOil concludes that the government of Guyana will see a relatively small share of profits from Exxon-led production from massive oilfields off the country's coast.
Why it matters: Guyana is slated to join the ranks of the world's important producers in the coming years. Exxon has announced over a half dozen discoveries — totaling several billion barrels of oil-equivalent — and plans to begin production in 2020, ramping up to 500,000 barrels per day by 2025.
The stakes: "The gap could cost the small South American country billions of dollars, as successful drilling continues apace in the Stabroek field, and recoverable reserves figures climb into the billions of barrels," West writes.
Exxon's response: Spokeswoman Suann Guthrie notes the OpenOil analysis only compares eight countries.
A few disclosure filings that surfaced lately...
Puerto Rico: Shell subsidiary Shell NA LNG has brought on the Alpine Group to work on "issues related to Puerto Rico energy, and electricity generation and delivery."
The company Bridge Fuels has tapped Think Policy Consulting for work on electricity grid recovery.
Mining: Teck Resources has tapped Cassidy & Associated for work on mining-related legislation, but the filing doesn't specify which bills.
My Axios colleague Amy Harder explains what's behind that chart, noting that America is exporting its oil at a record never before seen in history.
Why it matters: That straight line upward, highlighted by the U.S. Energy Information Administration Wednesday, reflects one of the most dramatic turnarounds of an industry that affects so many corners of the American and global economies, from trade deficits to everyday drivers.
By the numbers:
One level deeper: The chart shows yearly averages, and we can already expect 2018 to be another record-breaking year, with exports in the 1.5 million barrel-per-day range in recent weeks. Some weekly averages of oil exports in 2017 and this year have already broken the 2 million mark.
“It’s like, let’s throw the dog out the window and see if he flies.”— Former FERC chairman Jon Wellinghoff
The context: He's talking about DOE chief Rick Perry's failed effort to have FERC rewrite wholesale power market rules to boost coal and nuclear plant revenues.
Speaking of podcasts, here are a few other good weekend listens...
Offshore wind: The very slow-to-develop U.S. industry is finally getting going, with a number of commercial-scale projects planned on the East Coast.
Renewables: The latest episode of Grid Geeks explores the state of project financing in light of the tax overhaul and new tariffs on solar panels, steel and aluminum.
Climate: On the latest International Monetary Fund podcast, economist Gordon McCord explores how higher temperatures can be a factor behind violent behavior.
Big picture: The latest episode of Chris Nelder's Energy Transition Show features energy expert Eric Gimon answering a range of listener questions. You can listen to a nice chunk of it here, or buy a subscription to access full episodes. (It's worth it by the way.)