RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
AltaGas has delayed the startup of its Ridley Island Energy Export Facility, so buyers won’t have the benefit of increased fuel supplies this winter. Today, we review industry plans to expand LPG export capacity on North America’s west coast, and how this could impact North American LPG markets.
U.S. Gulf Coast crude is returning to Nigeria after a roughly five-month absence, with two Aframax cargoes loaded for the Dangote refinery in Lekki.
The RBN NATGAS Haynesville is a weekly natural gas fundamentals analysis focused on supply, flow, and LNG-driven demand dynamics within the Haynesville basin.
U.S. LNG feedgas demand dropped last week as disruptions at Freeport and planned pipeline maintenance at Corpus Christi reduced deliveries.
The Permian Basin is poised to gain new natural gas pipelines and projects over the next year or two, finally easing its long-standing takeaway constraints. But the changes will not stop there. A new wave of proposed projects could further reshape the basin into the 2030s.
Outflows from the Permian Basin were down last week. Nevertheless, production remains very high
British Columbia is a new hot spot for LNG export development. The first phase of LNG Canada is up and running; Phase 2 is nearing FID. Two smaller LNG export projects are under construction; and a 12-MMtpa (~1.6 Bcf/d) proposal may be sanctioned soon.
U.S. oil and gas rig count fell by five rigs to 588 for the week ending August 21 according to Baker Hughes data, as declines in Gulf of Mexico (-2), Haynesville (-2), the Niobrara (-1) and All Other (-3) overwhelmed gains in Permian (+2) and the Eagle Ford (+1).
The RBN NATGAS Haynesville is a weekly natural gas fundamentals analysis focused on supply, flow, and LNG-driven demand dynamics within the Haynesville basin.
In Western Canada the gas-directed rig count was unchanged at 65 rigs, while the oil-directed rig count was up 1 to 147 rigs, for the week ended August 21, according to Baker Hughes data.
Steelmaker Cleveland-Cliffs will spend $1 billion to modernize the blast furnace at its Middletown, OH, facility, a total that includes a $500 million Department of Energy (DOE) grant originally intended to support a hydrogen-focused decarbonization project, the company said August 21. The revised project will reline and upgrade the blast furnace while installing a cogeneration plant for the Middletown site.
Over the past couple of years, the Permian has been dominated by one story: natural gas takeaway constraints and negative prices at the Waha Hub. That has changed recently, however, as more pipelines have entered service, and now plans for the Solitude Pipeline System have been unveiled.
