LNG Export License Pause Already Showing Commercial Impacts

Kyushu Electric Power (Kyuden), a large Japanese electric utility, and large importer of LNG for those power plants, has announced that directly as a result of the Biden Administration's pause on LNG export licenses, they will be suspending any decision on investing in Energy Transfer's 16.5 mmtp

Canadian Drilling Rig Counts – Gas Slips, While Oil Gains

For the week ending February 16, Baker Hughes reported a net loss of one rig versus the prior week for the Canadian gas directed rig count falling to 90 (blue line in left hand chart below). For the oil directed rig count, it picked up three rigs to 144 (red line in right hand chart).

Delaware Basin CCS Hub Receives DOE Funding For Feasibility Study

Omina Midstream Partners announced it has received federal funding from the DOE’s Office of Fossil Energy and Carbon Management (FECM) to conduct a feasibility study for it’s proposed carbon capture and sequestration (CCS) hub located on the Texas side of the Delaware Basin. (see map below).

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