Canadian Drilling – Oil Rigs Move Lower Once Again, Small Uptick for Gas Rigs

For the week ending November 22, Baker Hughes reported that the Western Canadian gas-directed rig count rose four to 67 (blue line in left hand chart below), six less than one year ago, its highest reading in four weeks, and still very much in the 60s range where it has been since the start of Ju

Landowner must allow Summit to Survey for CO2 Pipeline: Iowa Supreme Court

Summit Carbon Solutions can conduct surveys on private property for its proposed carbon dioxide (CO2) pipeline, the Iowa Supreme Court said in a ruling Friday.

ExxonMobil Withdraws From Offshore Suriname Development

A unit of ExxonMobil formally notified Suriname’s state-owned oil and gas company SurStaatsolie earlier this month that it will withdraw from developments in the country’s offshore Block 52 (see map below).

Future of Fuels Volume 5

Outlook for Crude, Refined Products, Biofuels, & EVs
U.S. & Global Supply/Demand 20 Year Forecasts
Bi-Annual Market Study (PDF/XLS). Volume 5 out now!

New Texas Report Highlights Efforts to Grow Nuclear Power Plants

Texas officials released a 78-page plan on Monday on how the state intends to attract a fleet of nuclear power plants to Texas to bolster the state’s electricity grid.

U.S. Propane Inventories Draw Under Expectations as Exports Remain Strong

The EIA reported total U.S. propane/propylene inventories had a withdrawal of 663 Mbbl for the week ended November 15, which was below industry expectations for a decrease of 1.5 MMbbl. This week's draw was in line with the average withdrawal for the week of 616 Mbbl. Total U.S.

Refinery Inputs: First Major Dip Since October

Net refinery inputs decreased by 280 Mb/d, and gross input fell by 220 Mb/d to 16.54 MMb/d, marking the first significant decline since the week ending October 4, when maintenance activities were at their peak.

Gulf Coast, Midwest Hydrogen Hubs Receive $2.2 Billion in DOE Award Commitments

Two regional hydrogen hubs under development in the U.S. have received a combined $2.2 billion in award commitments from the Department of Energy (DOE), a major step forward for each, the agency announced November 20.

Alberta Energy Regulator Orders Shutdown of Oil Sands Producer Sunshine Oilsands

On November 14, the Alberta Energy Regulator (AER) undertook the rare action of ordering the shutdown of an oil sands producer.

Canadian LPG Stocks - Propane and Butane Stocks Are Tight, But That Depends on Where

Data reported by the Canada Energy Regulator (CER) for Western Canada’s propane inventories at the end of October (red line in left hand chart below) were posted at 6.9 MMbbl, registering a reduction for the month of 0.2 MMbbl and stand 0.2 MMbbl (-3%) below the five-year average (blue line).

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