Enbridge Begins Open Season to Recontract 100 Mb/d of Capacity on Express Pipeline

Enbridge is holding an open season for its Express Pipeline to recontract about 100 Mb/d of transportation service originating at Hardisty, Alberta.

Diesel Inventories Down As Demand Surges

Per the EIA, diesel production fell by 135 Mb/d, while demand surged by over 1 MMb/d, leading to a reduction in inventories by 3.2 MMbbl across the U.S. last week.

U.S. Propane Imports Rise and Exports Return to Strong Rate

The EIA reported total U.S. propane/propylene inventories had a withdrawal of 2.95 MMbbl for the week ended December 13, which was above industry expectations for a decrease of 2.175 MMbbl and above the average draw for the week of 2.75 MMbbl. Total U.S.

CNOOC Exits Gulf of Mexico Business with Sale to U.K.'s INEOS

INEOS Energy has purchased the Gulf of Mexico (GOM) business of CNOOC Energy Holdings, a U.S. subsidiary of China’s CNOOC international.

The deal includes equity in Appomattox and Stampede in the GOM, and a few more mature and supporting assets.

Corpus Christi Drives Weekly U.S. Crude Export Rebound

U.S. crude oil loadings averaged 3.7 MMb/d last week, an increase of 680 Mb/d from the previous week. Corpus Christi drove the rebound by an increase of 584 Mb/d.

Waha Natural Gas Cash Basis Surges as Permian Outflows Grow

The past week in the Permian Basin has seen outflows of natural gas move higher, taking advantage of increased outbound capacity. Outflows from the Permian Basin were up 0.16 Bcf/d week-on-week, primarily driven by higher outflows to the East.

Permian Crude Flows to Gulf Coast Dropped in June to Lowest Levels Since November 2023

Crude oil flows from the Permian Basin to the U.S. Gulf Coast (USGC) dropped sharply in June, falling to 5.41 MMb/d — a decline of 351 Mb/d compared to May — according to the latest monthly data from the Texas Railroad Commission.

US Rig Count Stands At 589, Unchanged vs. Last Week

US oil and gas rig count was unchanged at 589 for the week ending December 13 according to Baker Hughes data. Rigs were added in the Haynesville (+1) and All Other (+1), while Appalachia (-1) and Gulf of Mexico (-1) both lost rigs.

U.S. LNG Exports Buzzing, With 27 LNG Shipments Setting Sail From U.S. Terminals

U.S. LNG exports have been buzzing with activity lately. Last week, feedgas deliveries to LNG terminals averaged 13.65 Bcf/d, with most facilities operating at or above full capacity.

FERC Throws a Monkey Wrench into Venture Global's CP2 LNG Plans in Louisiana

The Federal Energy Regulatory Commission (FERC) decided to pump the brakes and take another look at Venture Global’s CP2 LNG project in Louisiana, along with the CP Express header pipeline. Why?

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