Record High Weekly Build for U.S. Propane Inventories

The EIA reported total U.S. propane/propylene inventories built by 4.63 MMbbl for the week ended July 12, which was much higher than industry expectations for an increase of 3.6 MMbbl and the highest build on record since 2014.

Gibson Energy Boosts South Texas Gateway Terminal Crude Oil Connectivity

Canada-based Gibson Energy announced an extension of a long-term contract with an unnamed E&P company at its South Texas Gateway Terminal (STG) and the sanction of a connection to Plains’ Cactus II Pipeline.

ExxonMobil Working to Restore Full Operations at Hoover Platform After Beryl

ExxonMobil is working to restore full operations at its Hoover crude oil and gas platform in the Gulf of Mexico, more than a week after the severe storm swept through the region.

Alberta Oil Sands Output Quickly Recovers After Easing of Wildfire Threat

After what appears to have been a production curtailment in the range of 200 Mb/d for about eight days due to wildfires, Alberta's oil sands output has likely fully recovered suggesting that the threat to production sites in the oil sands region from the fires has eased.

U.S. Gulf Coast Crude Exports Fall Amid Beryl-Related Port Shutdowns

U.S. Gulf Coast crude oil exports declined in the week ended July 12, reflecting shutdowns of all Texas ports ahead of Hurricane Beryl’s landfall early July 8.

Freeport LNG remains shut down after Hurricane Beryl’s July 8 landfall

Freeport LNG remained shut July 16 (7/16) more than a week after Hurricane Beryl’s assault on Southeast Texas.

Energy Transfer completes WTG Midstream Acquisition

Energy Transfer (ET) has completed its acquisition of WTG Midstream Holdings, expanding its Permian Basin footprint with more than 6,000 miles of natural gas pipelines, eight gas processing plants with a combined capacity of 1.3 Bcf/d and two more under construction with a combined capacity of 0.

Alberta Wildfire Could Be Curtailing Oil Sands Output In the Range of 200 Mb/d

On July 4, Suncor Energy Inc., one of the largest oil sands producers in Canada, elected to curtail production at its Firebag production site due to the proximity of a nearby wildfire.

Oryx Group to Lease, Operate Curacao Petroleum Terminals for 30 Years

Oryx Group, through its subsidiary Oryx Midstream, signed a 30-year agreement with Refineria di Kòrsou (RdK) to lease and operate the latter’s terminal at Bullenbaai and the Emmastad facility in Willemstad in Curacao in the Caribbean.

US Rig Count Down Slightly On Loss In Eagle Ford

US oil and gas rig count posted a week on week decline, falling by one rig vs. a week ago to 584 for the week ending July 12 according to Baker Hughes. The Eagle Ford (-1) posted a loss, while all other basins were flat. Total US rig count is down 33 in the last 90 days, and down 91 vs.

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