Shock & Awe: Enterprise Announces Slew Of New Capital Projects To Support Growing NGL Franchise

Go big or go home! Enterprise Products announced several new major midstream infrastructure projects on its 3rd quarter earnings call today driven by a robust Permian Basin NGL production growth outlook. As shown on their 3Q23 earnings call slide below, Enterprise is building two additional 300

CAISO Increasingly Turning to Curtailments as California Adds Solar Resources

The California Independent System Operator (CAISO) has accelerated curtailments of solar-powered generation over the past few years as the number of renewable energy projects coming online has outpaced increases in transmission.

US Rig Count Stable As October Comes To A Close

US oil and gas rig count remained stable for the week ending October 27, adding one rig vs.

EQT Locks in Firm Sales for Its 1.2 Bcf/d on Mountain Valley Pipeline

Leading Appalachian natural gas producer EQT Corp. announced in its earnings call on October 26 that it had secured two long-term deals with investment-grade utilities for all 1.2 Bcf/d of its capacity on Mountain Valley Pipeline (MVP).

New Round of SPR Purchases Coming For the Holidays

The SPR was unchanged last week at 351 MMbbl, but that will change by the end of the year. Last week, the DOE announced that it would conduct monthly solicitations to purchase oil for the SPR from now until at least May 2024.

U.S. Propane Inventories Relatively Unchanged as Exports Rebound

The EIA reported that total U.S. propane/propylene inventories built by 111 Mbbl for the week ended October 20, slightly below average industry expectations for a 420-Mbbl gain but above the 299 Mbbl average draw for the week. Total U.S.

Surge in Incoming VLCCs Drives Record Reverse-Lightering Transactions in USGC

A record number of tankers that loaded shipments directly at Gulf Coast export terminals transferred their cargoes onto Very Large Crude Carriers (VLCCs) in the last two weeks as reported in the RBN Crude Voyager report.

Reaper Comes for Heartland Greenway CO2 Pipeline Project

Navigator CO2 Ventures announced last Friday (10/20) the cancelation of its Heartland Greenway pipeline project. The approx. 1,300-mi CO₂pipeline project aimed to capture as much at 15 MMpta of carbon dioxide from Ethanol producers and other industrial customers in the upper Midwest

Canadian Propane Inventories at Average Levels, Butane Stocks Take a Dip

Data reported by the Canada Energy Regulator (CER) for Canada’s propane inventories at the end of September show them to be near the middle of the five-year range. Stocks in Western Canada (left hand chart in top figure below) are reported at 7.04 MMb, a gain of 0.67 MMb versus August.

Unplanned Restarts at Freeport LNG Continue

U.S. LNG feedgas remains strong, with every terminal except Freeport, operating at or above full- utilization levels last week. Freeport Train 1 tripped on October 21 due to an issue at the pretreatment facility.

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