U.S. LNG Exports return to all-time high levels

U.S. exported 110 cargoes of LNG in October, up seven from September and tying with the previous all-time highs achieved in March and April this year. U.S.

DOE Purchasing Another 3 MMbbl in Jan 24

The Department of Energy (DOE) announced today it would purchase up to an additional 3 MMbbl for the SPR in January 2024.

EIA Reports Record US Crude Production As US Rig Count Begins November With Another Decline

US oil and gas rig count posted a weekly decline to open the month, falling by 7 vs.

Tallgrass Plan to Convert Trailblazer Pipeline From Natural Gas to Carbon Dioxide Advances After FERC Ruling

Tallgrass Energy’s plans to switch its Trailblazer Pipeline from natural gas service to carbon dioxide (CO₂) received a boost after a Federal Energy Regulatory Commission (FERC) ruling in late October.

Back to Reality? - Crude Backwardation vs. Gas Contango

The ratio between crude oil and natural gas prices, which has been crazy high for most of 2023 has come back to reality and may be headed well below historical norms if the forward curves are any indication. This ratio is simply the price of WTI crude oil at Cushing divided by the price of Henr

Williams Greenlights a Super-Sized Southeast Supply Enhancement Project

Williams said in its earnings call on November 2 that it is moving forward with its Southeast Supply Enhancement project. The expansion, which will increase southbound takeaway capacity on Transco from Station 165 in Pittsylvania County, VA, originally offered a capacity of 800 MMcf/d.

Entergy to Divest of Louisiana Gas Assets

Entergy announced Monday (10/30) it has entered into an agreement to sell its gas distribution business to Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, for approximately $484 MM in cash, subject to certain purchase price adjustments.

U.S. Propane Weekly Inventories Draw More Than Industry Expectations as Exports Remain Strong

The EIA reported that total U.S. propane/propylene inventories fell by 1.2 MMbbl for the week ended October 27, which was above average industry expectations for a 500-Mbbl decline and higher than the 152 Mbbl average draw for the week. Total U.S.

Coastal GasLink Completes Full Pipeline Installation, LNG Canada Looking Closer Than Ever

It was announced on October 30 that the Coastal GasLink (CGL) Pipeline that links the unconventional Montney gas formation of Northeast British Columbia (BC) to the LNG Canada plant in Kitimat, BC (blue dashed line in map below) had completed full pipeline installation.

Calcasieu Pass Places LNG Blocks in Service, But Commercial Operations Not Expected Until Late 2024

Calcasieu Pass received Federal Energy Regulatory Commission (FERC) authorization on October 26 to place the final three liquefaction blocks (7-9) into service. Blocks 1-6 have been online since last year, and blocks 7-9 have been commissioning since then as well.

Website Upgrades