In The News

Monday, 01/25/2021

January 22, 2021 – Reuters

CORRECTED-Even without Keystone XL, U.S. set for record Canadian oil imports

By Nia Williams, Devika Krishna Kumar

…Construction underway on Trans Mountain and Line 3 could still be held up by environmental protests, but unlike Keystone XL, both pipelines have cleared legal and regulatory hurdles.

Oil production in western Canada will rise in 2021 to a new record of 4.45 million bpd, RBN Energy estimates, up from 3.9 million bpd in 2020, most of which will be exported to the United States.

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Monday, 01/25/2021

January 21, 2021 – Natural Gas Intelligence

Rising Natural Gas Demand in Center-West, Wahalajara Opening Door to More Mexico Pricing Options

By Christopher Lenton

…Waha volumes are now displacing Mexico’s liquified natural gas imports at its Manzanillo terminal, and should see greater access in the Mexico market with the commercial startup of Grupo Carso’s 472 MMcf/d Samalayuca-Sásabe pipeline. The pipeline is in the testing phase and slated to enter service early this year, connecting West Texas gas supply with the Sásabe area of northwestern...

Monday, 01/25/2021

January 21, 2021 – CBC News

Why the U.S. isn't in desperate need of the Keystone XL pipeline

By Mark Gollom

David Braziel, CEO of RBN Energy, an energy markets consultancy based in Houston, Texas, said that when the Keystone XL project was first announced, back in 2005, the U.S. was certainly in need of the additional capacity that would have been produced. 

But as the project continued to stall, the industry found alternative supply chains. Producers began relying more on rail to transport oil supplies while other...

Wednesday, 01/13/2021

January 7, 2021 – Natural Gas Intelligence

Natural Gas Prices Projected to Jump in 2021 on Strong Export Demand, Moderate Production

By Kevin Dobbs

In the important Permian Basin, RBN Energy analyst Jason Ferguson said production has recovered to 11.5-12.0 Bcf/d, on par with 2019. “I see us growing some this year,” he said, to around 12.5 Bcf/d by late 2021. However, Ferguson does not expect Permian output to reach 13.0 Bcf/d until next year.

National production levels hung around 90 Bcf in November and December – near...

Wednesday, 01/13/2021

January 1, 2021 – BOE Report

Energy in 2021: The challenges of the coming year

By Maureen McCall

SLOWER CANADIAN RECOVERY-OR NOT

IHS Markit predicted earlier this year that world oil demand would recover at a record pace and then plateau just below pre-COVID-19 levels. Daniel Yergin has been quoted saying oil demand will return to 2019 levels by the end of 2021, 2022. The Canadian Energy Centre reported that Canadian oil sands have a unique ability to respond quickly to demand changes and quotes RBN Energy analyst Martin...

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