Explorer Pipe Extends Open Season for Project to Add Diluent Capacity

The Explorer Pipeline has extended an open season to secure shipper interest for a project to raise the diluent transportation capacity for a portion of its system.

Canadian Drilling – Gas Rig Count Pushes Higher, Oil Above Five-Year Range

For the week ending July 12, Baker-Hughes reported that the Western Canadian gas-directed drilling rig count rose three to 63 (blue line in left hand chart below) and 10 less than a year ago.

Calpine Advances Plans for First CCS Project at Combined-Cycle Power Plant in U.S.

Calpine’s Baytown Carbon Capture and Storage Project will begin Phase 1 activities after receiving $12.5 million in federal funding, the Department of Energy’s Office of Clean Energy Demonstrations (OCED) said July 10.

Port of Houston Lifts Restrictions On Vessel Traffic Post-Beryl

The Port of Houston on Thursday (7/11) was open to traffic without draft restrictions, three days after Hurricane Beryl slammed into the Texas Coast.

Refinery Input and Crude Production Back to Recent Highs

U.S. commercial inventories fell by 3.4 MMbbl to 445 MMbbl, while the SPR added 500 Mbbl of sour crude from June's 3 MMbbl purchase program. Lower 48 crude production rose by 100 Mb/d to 12.9 MMb/d due to re-benchmarking, matching February 2024 levels, and rigs remained flat at 479.

DOE Tries Again To Buy Crude For Bayou Choctaw SPR for Oct.-Dec.

The Department of Energy (DOE) has issued yet another tender seeking supplies to refill its Bayou Choctaw, Louisiana, storage site. The latest tender seeks 4.5 MMbbl for delivery during October-December.

OPEC Keeps Oil Demand Growth Targets on Positive Global Economy

OPEC is retaining its annual oil demand growth expectations through 2025, pinning it to a positive world economic outlook.

Texas Ports Re-Opening Post-Beryl

Texas ports have largely resumed operations after shutting Sunday (7/7) prior to Hurricane Beryl’s landfall early Monday as a Category 1 storm in Texas, though some have restrictions as post-storm recovery efforts continue.

U.S Propane Inventories Build In Line With Average

The EIA reported total U.S.

Beryl Shuts in Some GOM Output Before Slamming into South Texas

Hurricane Beryl which made landfall in South Texas early Monday after passing through the western reaches of the Gulf of Mexico (GOM) caused some curtailment in U.S. oil and gas output.

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