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... E&P companies in recent weeks reported strong results for the first quarter of 2022, riding the wave of rising ... generate Q1 2022 pre-tax operating earnings and cash flows that were up 25% and 12%, respectively, from the ... driven by price-related production taxes, which producers can’t control. It remains to be seen if E&Ps have been able ...
Nick Cacchione - Published June 28, 2022
Martin King On February 1, the outage of a transformer that provides electrical power to BP’s Whiting, IN refinery ... of equipment that is required before a safe restart can be initiated. A restart date has not yet been determined, ... 287 Mb/d (blue bars in figure above). This accounts for about 12% of all the Canadian heavy oil imported into the ...
Martin King - Published February 7, 2024
... volumes of crude oil and refined products to Europe for many years. Its primary crude oil export grade, ... 1.7% sulfur), was a benchmark, both in quality and price, that European refiners long relied on to plan refinery ... supposed to do during that time, Spector replied: “you can go directly to the bank.” The song was released as a ...
Kevin Waguespack - Published April 3, 2023
Housley Carr It’s been an awesome run for the Port of Corpus Christi’s crude oil export business, ... a lack thereof. The pipelines from the Permian to Corpus that were the driving force behind the Corpus export success ... Center (EIEC) and South Texas Gateway (STG), both of which can load up to 1.25 MMb/d onto 2-MMbbl Very Large Crude ...
Housley Carr - Published February 15, 2023
... resulted in elevated global gas prices as countries bid for LNG to fill the void. But U.S. suppliers can only produce so much LNG, and how much of it ends up in ... by Shell in 2015. There are currently only four entities that qualify as LNG portfolio players: Shell, BP, ...
Richard Pratt - Published February 1, 2023
... and stock buybacks. So, worries in the broader economy that the banking crisis and the specter of a looming ... access to capital markets shouldn’t be a major concern for the 41 oil and gas producers we monitor, right? As we ... — a key factor in determining how much debt an E&P can handle — has soared, which may make it easier for them ...
Nick Cacchione - Published May 11, 2023
... up from their Q2 2023 lows and supply issues, particularly for oil, are the chief concerns as the heating season ... Be There we raised the question: “How much longer can shale support U.S. oil and gas production?” EIA ... over capital efficiency) is the price paid to achieve that rate. In Part 1 of this series we examined the overall ...
Tom Biracree - Published September 12, 2023
... these changes typically impose further limits on what E&Ps can do on the acreage they control as well as new ... death and taxes, environmental regulation is a certainty that producers need to deal with and, if they’re lucky, ... streams and wetlands. (The state’s rules then called for only a 500-foot buffer between homes and wells and a ...
Housley Carr - Published January 24, 2023
... carbon dioxide (CO 2 ) a thought. Sure, some CO 2 was used for enhanced oil recovery (EOR) and in some production areas ... while renewable energy like wind and solar will be part of that decades-long effort, so will the push to capture CO 2 ... how it will affect them, and — ideally — how they can profit from it. In today’s RBN blog, we discuss ...
Jason Lindquist - Published February 9, 2022
... and storage shortfall this year. And there is more of that demand on the horizon. Cheniere Energy’s Sabine Pass ... when bringing a liquefaction plant online and what that can tell us about the timing of incremental feedgas flows ... before power will be restored in the hardest hit areas. As for Louisiana’s Gulf Coast LNG operations, Ida’s easterly ...
Sheetal Nasta - Published August 30, 2021
... dynamics affect domestic prices, but so does the ability for U.S. LNG to get there i.e. LNG terminal infrastructure. ... end of the year, a testament to the market’s perception that it is amply supplied. Today, LNG facilities are a ... paper, until you remember a ~ 5bcf/d drop in LNG feedgas can pick up some of the slack, and the facilities are ...
Adam Baker - Published January 23, 2024
... (RD), a chemically identical “drop-in” replacement for traditional petroleum-based diesel, continues to grow. ... more homegrown fuels — literally, in RD’s case, given that its primary feedstocks are the oils derived from ... receives under the U.S.’s Inflation Reduction Act (IRA), can be found in Thunderstruck . Another driver in the rapidly ...
Martin King - Published March 20, 2023
... time again to post our annual Top 10 RBN Prognostications for the upcoming year. According to our long-standing tradition, we’ll do that on the first workday of the New Year — Tuesday, ... component of the NGL barrel. Most of that difference can be attributed to ethane that was being rejected that is ...
Rusty Braziel - Published December 28, 2017
Lisa Shidler The permitting process for energy projects can drag on for years, resulting in multiple state and ... line or to get a mining permit — and the reality is that some large, complicated projects can be constructed in ...
Lisa Shidler - Published August 15, 2024
... scheduled capacity additions. In fact, renewables account for about 70% of the total 37.9 gigawatts (GW) of new ... wind project in the U.S. to date — only bolster the view that wind power’s role in U.S. power generation will ... in Oklahoma with a nameplate capacity of 999 MW, which we can fairly round up to 1 GW. While that’s a gigantic and ...
... concludes September 30, followed by its eventual closure. That means about 1 MMbbl — 42 MM gallons — of gasoline ... Sandy made landfall in the Northeast (see Save it for Later ). The powerful storm badly damaged two refineries ... in Washington when anything related to energy policy can feel like a partisan issue? And why was the gasoline ...
Sheela Tobben - Published June 10, 2024
Housley Carr For some time now, a handful of refineries in southeastern ... the impending Capline reversal — it’s not every day that one of the largest-diameter crude oil pipelines in the ... Canadian crude: the NuStar Energy terminal at St. James can receive and unload ~200 Mb/d from incoming trains, while ...
Housley Carr - Published August 3, 2021
... is to avoid producing them in the first place, but for many industrial processes it’s too expensive to ... deep underground for permanent storage. But the CO 2 can also be used for other things before storage, called carbon capture use and sequestration (CCUS). That’s where this module will put its focus, with a look at ...
Johnny Martin - Published September 26, 2023
... the U.S. is spurring utilities to ramp up their plans for adding new sources of power generation — including a ... in interest in artificial intelligence (AI) — and what that means for utilities and power-related demand for natural ... a significant amount of energy to keep them cool, which can increase usage by another 10% or more. The demand issue ...
Ellen Chang - Published May 13, 2024
... cutdown in late 2022 and many potential developers, for competitive reasons, have elected to play their cards ... proposals for the first time, examine some of the plans that were combined in an effort to produce a stronger joint ... eligible to submit a full application.) Clean hydrogen can be produced in a few different ways. It can be made by ...
Jason Lindquist - Published September 5, 2023