‘Green Bank’ to Make $20 Billion Available for U.S. Clean Energy Projects

A federal “green bank” that will distribute $20 billion for clean energy projects — including initiatives such as retrofitting homes to be energy efficient, building more public EV charging stations, and electrifying small businesses’ delivery fleets — was announced Friday by the Biden administra

Equitrans Takes MVP Battle to the Supreme Court

As it warned it might do, the Equitrans Midstream-led Mountain Valley Pipeline LLC (MVP) filed an emergency appeal to the U.S.

Dip In Permian Rig Count Wipes Out Last Week's Gains

The US oil and gas rig count declined from last week's numbers led by a dip in the Permian, falling by five for a total of 675 for the week ending July 14 according to Baker Hughes. Rigs were added in the Bakken (+1) and All Other (+1), while the Permian (-5), Haynesville (-1) and Gulf of Mexico

Bulls Charging As Crude Market Rebounds

Crude oil prices had been in the doldrums for weeks, but with demand rising it seemed poised to pop given the right opportunity. That opportunity arose toward the end of last week, following bullish news of the Saudis new production cut and as U.S.

Record Alberta Power Gas Burn and Oil Sands Gas Consumption

Even though Western Canada continues to produce seasonal records for natural gas production and natural gas storage in the region’s major gas producing province of Alberta is at multi-year highs, records are also being set on the demand side of Alberta’s gas market.

LNG Export Capacity Race to the Top: Next Decade LNG Export Facility Reaches FID

NextDecade Corp., after securing $18.4 billion in financing, has closed a deal to commence Phase 1 of its proposed three-train Rio Grande LNG export facility to be located near Brownsville, TX. The addition of the terminal would increase total U.S.

LNG Canada to Start Some Operations Within the Next Year

Within the past week, reports emerged from Bloomberg and Reuters that LNG Canada, a 14 MMTpy (million tonnes per year) LNG export terminal under construction on Canada’s west coast near the town of Kitimat, British Columbia, could be starting some operations within the next year.

U.S. Weekly Propane Inventories Build Inline With Industry Expectations

The EIA reported that total U.S. propane inventories increased by 2.7 MMbbl for the week ended July 7. The build was in line with industry expectations for an increase of 2.7 MMbbl and 0.7 MMbbl more than the 2 MMbbl average build for the week. Total U.S.

Another Challenge for MVP

Mountain Valley Pipeline (MVP) faces yet another curveball thrown at their attempt to complete the pipeline. The Fiscal Responsibility Act (FRA, the debt-ceiling act), passed by Congress and signed by the President, had mandated issuance of all necessary federal permits for MVP and taken jurisd

Mont Belvieu Ethane Prices Rally

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