Canada’s Marine and Rail Exports of LPGs To Be Impaired by Nationwide Rail Strike/Lockout

At midnight Eastern Time (ET) on August 21, Canada’s two primary rail companies, Canadian National (CN) and Canadian Pacific Kansas City (CPKC) simultaneously passed the deadline to reach a collective bargaining agreement with its combined workforce of nearly 10 thousand employees resulting in th

Propane Exports Soar Again, But Market Monitoring Constraints

U.S. propane exports jumped to 2.0 MMb/d for the week ending August 16 from 1.5 MMb/d the previous week, according to data from the U.S. Energy Information Administration (EIA). This level of exports hasn’t been seen since the week of May 24, 2024.

Latest Acquisition May Signal the End of the Consolidation Trend in BC’s Montney Gas Play

On August 12, Tourmaline Oil Corp., Canada’s largest natural gas producer, entered an agreement to acquire Crew Energy Inc., a smaller natural gas producer with operations primarily focused in British Columbia (BC)’s unconventional Montney gas play for a total consideration of C$1.3 billion.

Enterprise Expands Its Delaware Basin Natural Gas Footprint with Acquisition of Piñon Midstream

Enterprise announced today that it has entered into a definitive agreement to acquire Piñon Midstream, a portfolio company of Black Bay Energy Capital, in a $950 million cash transaction.

Crude Oil Exports Increase by 35% Week-on-Week, Driven by Europe-Bound Activity

Crude oil loadings across the U.S. Gulf Coast surged to 4 MMb/d last week, marking a 35% increase of 1 MMb/d from the previous week. This follows two consecutive weeks of lower volumes, which had come on the heels of a sharp uptick in activity after Hurricane Beryl in early July.

Canadian Rail Operator Issues Union Lockout Notice, to Halt Service From August 22

Rail operator Canadian National (CN) has issued a lockout notice to employees that are part of the Teamsters Canada Rail Conference (TCRC) union after weekend talks failed to yield any meaningful progress to resolve a labor dispute.

Waha Gas Prices Languish Despite High Mexican Demand

The negative cash price at Waha has been a persistent theme in the gas market this year, as more than 42% of all trading days so far in 2024 have averaged a negative price according to Natural Gas Intelligence (NGI) data.

U.S. Appeals Court Sides With Gas Operators on Challenge to PHMSA Pipe Safety Rules

The U.S.

Wink to Webster Oil Pipeline Hit Full Utilization in February, March

The largest crude oil pipeline exiting the Permian Basin by volume — Wink to Webster (W2W, light-blue line on map below) — achieved full utilization in February and March.

Shintech Has New Louisiana-Based Steam Cracker in the Works

The Louisiana Department of Environmental Quality (LDEQ) released draft air permits on August 9, 2024, for two expansion projects at the Shintech Plaquemine facility in Iberville Parish.

Website Upgrades