Canada's Propane Stocks Remain Buoyant, Butane Stocks Back in the Five-Year Range

Data reported by the Canada Energy Regulator (CER) for Western Canada’s propane inventories at the end of June (left hand chart in top figure below) were posted at 6.09 MMb, with an above average seasonal build of 1.23 MMb versus May and stand 1.51 MMb (+33%) above the five-year average.

Golden Pass LNG and Zachry Propose Contract Dispute Settlement

Golden Pass LNG and one of the project’s engineering, procurement and construction (EPC) contractors, Zachry Holdings, have agreed to settle multiple disputes regarding the construction contract and other issues that emerged in Zachry’s Chapter 11 bankruptcy case filed in May.

All Houston Ship Channel Traffic Restored After Sunken Tug Removed

The Houston Ship Channel fully reopened to two-way traffic on Sunday (7/21) after crews recovered a tug boat that capsized and sank Friday afternoon.

Today’s Natural Gas Prices Down, Forwards Not So Much

Last week the price of Henry Hub natural gas dropped to $2.13/MMbtu, a full $1/MMbtu below the five-month high hit on June 11.

ONEOK To Proceed With Expansion Project for Denver-Bound Products System

ONEOK plans to expand the refined products pipeline capacity bound for the greater Denver area to meet growing demand. The project also aims to increase connectivity with Denver International Airport (DIA).

Rig Count Climbs To 586, Erasing Last Week's Losses

US oil and gas rig count climbed to 586 for the week ending July 19, a gain of two vs. a week ago according to Baker Hughes. Rigs were added in the Eagle Ford (+1), Appalachia (+1) and All Other (+4), while the Haynesville (-1), Anadarko (-1), Niobrara (-1) and Gulf of Mexico (-1) all lost rigs.

Canadian Drilling – Oil and Gas Rig Counts Push Seasonally Higher

For the week ending July 19, Baker-Hughes reported that the Western Canadian gas-directed drilling rig count rose three to 66 (blue line in left hand chart below) and five less than a year ago.

California's Hydrogen Hub is First to Secure Federal Funding

The California Hydrogen Hub will be the first of seven regional projects to receive federal funding after the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) and the Department of Energy (DOE) finalized a $12.6 billion agreement, which includes up to $1.2 billion in federal funding

Hurricane Beryl Disrupts U.S. Ethane, LPG Exports In Early July

Hurricane Beryl disrupted U.S. ethane and LPG exports as all Texas ports shut ahead of the storm’s July 8 landfall between Corpus Christi and Houston.

Alberta’s Gas Power Burn Hits a New Record – In The Summer!

Based on estimates from RBN’s Canadian NatGas Billboard, Alberta, the province with the largest installed gas-fired power generation capacity in Canada, set a new single day record for gas consumption by its power sector (“gas burn”) of 2.53 Bcf (2,532 MMcf/d) on July 16 (red dashed circle in cha

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