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Way Down in the Hole, Part 3 - 45Q Tax Credits Evolve to Incentivize Carbon-Capture Projects
Capturing carbon dioxide and permanently storing it below ground is expected to be a critically important tool in the global effort to reduce greenhouse gas (GHG) emissions. The oil and gas industry has been a leader in showing how CO2 –– albeit mostly …
Maya Mia! - How Mexico's Plan to Phase Out Crude Oil Exports May Impact U.S. Refineries
Mexico’s state-owned Petróleos Mexicanos, the second-largest exporter of crude oil to the U.S. after Canada, said in late December that it will slash its export volumes in 2022 and eliminate them completely in 2023. The plan is premised on Pemex’s …
Call Me NAESB - Standards Organization's Base Contract is Central to Winter Storm Uri Litigation
In the aftermath of the massive Winter Storm Uri in February of last year and its impact on the natural gas industry, there has been a blizzard of civil and regulatory litigation. Whether it’s someone not providing contracted gas supply, not taking …
Top 10 RBN Energy Prognostications for 2022 – Year of the Tiger
Pandemic. Deep freeze. Decarbonization. Stymied production growth. Sky-high prices. 2021 was definitely one for the record books. But thank goodness we made it and can look forward to a New Year! That means it is time for our annual Top 10 Energy …
The Top 10 RBN Energy Prognostications - 2021 Scorecard
Finally! It’s the last day of 2021, which means it’s time for our annual Top 10 Energy Prognostications blog, the long-standing RBN tradition where we look into our crystal ball to see what the upcoming year has in store for energy markets. And unlike …
When Two Worlds Collide - Top 10 RBN Blogs of 2021: Energy Transition Slams into Energy Reality
How do you sum up a year like 2021? It was good times for the economic health of producers and midstreamers alike. Prices were up, as were production and flows. But 2021 also brought along more than its share of chaos, including disruptive market events …
Driver's Seat, Part 2 - For Alternative Transportation Fuels, A Road Crowded with Possibilities
Countries around the world are formulating and refining their strategies to reduce greenhouse gas emissions. Their policies target numerous areas such as stationary emissions, electricity production, and transportation. Within the transportation sector, …
Three's (Not Always) A Crowd - Qatar Stresses Scale In New Round Of LNG Expansion
Among the 21 countries able to liquefy methane and export LNG, Australia, Qatar, and the U.S. are the hands-down leaders, holding more than half the world’s liquefaction capacity among them. For now, Australia holds the top position but its capacity …
We're Here for a Good Time, Part 2 - What's Driving the Wider WCS/WTI Price Spreads?
You would expect the start-up of Enbridge’s Line 3 Replacement project early this fall to have eased the constraints on crude oil pipelines from Western Canada to the U.S. — and it did. You’d also expect that L3R coming online would narrow the price …
Driver's Seat, Encore Edition - Built-In Advantages Help Drive Shift To Renewable Diesel
The U.S. is poised for a massive buildout in renewable diesel production capacity — a boom spurred by increasingly supportive government policies and a big push by ESG-minded refiners wanting to reduce the carbon footprint of their operations. It also …
The Tipping Point - New England Power Sector Plans Shift From Gas to Renewables and Storage
For the next few years, New Englanders will remain heavily dependent on natural-gas-fired generation — and keep their fingers crossed regarding the availability of piped-in gas for power during periods of frigid winter weather. But the power sector in the …
Baby, It’s Cold Outside - Geopolitical Tension with Russia Sends Global Gas Soaring Again
Global natural gas prices are once again at record levels as escalating tensions between Russia and the Western world have re-ignited fears over gas shortages in Europe this winter. The global gas market is in the midst of an epic bull run that has been …
Start Me Up - U.S. Low-Carbon Hydrogen Production Set to Advance in 2022
A few things have changed since we wrote our first hydrogen blog a year ago. First, there’s heightened awareness of the many ways hydrogen can be used to help reduce greenhouse gas (GHG) emissions. Second, the number of proposed hydrogen production …
Holidays in the Sun - E&Ps Bask in the Warmth of Strong Third-Quarter Profits, Cash Flows
It may seem like a strange turn of phrase, but the best way to describe the E&P sector’s recent round of quarterly earnings calls is a celebration of remarkable climate change. Buffeted and nearly swamped over the past few years by price volatility, …
Gas-Weighted E&Ps' 3Q Results
(Note: Each column is sortable by clicking once or twice on the column title. For example, clicking on "Revenue" will rank the companies either low-to-high or high-to-low.) 3nd Quarter 2021 ($in Millions) Company Ticker Revenue Lifting Costs Production …
Diversified E&Ps' 3Q Results
(Note: Each column is sortable by clicking once or twice on the column title. For example, clicking on "Revenue" will rank the companies either low-to-high or high-to-low.) 3nd Quarter 2021 ($in Millions) Company Ticker Revenue Lifting Costs Production …
Oil-Weighted E&Ps' 3Q Results
(Note: Each column is sortable by clicking once or twice on the column title. For example, clicking on "Revenue" will rank the companies either low-to-high or high-to-low.) 3rd Quarter 2021 ($in Millions) Company Ticker Revenue Lifting Costs Production …
(Not So) Big in Japan - The Implications of JERA's Shift Away from Long-Term LNG Deals
Japan’s strategy for LNG imports has been based on security and reliability of supply, with JERA, the country’s largest LNG buyer, reliant on supply contracts that can last for 20-25 years. Those deals have been of paramount importance since imports to …
Ahead of Ourselves - Propane Prices Soared to the Moon then Dropped Like a Rock. What’s Next?
Way back in the spring of this year, propane prices were behaving themselves. Mont Belvieu values were high relative to the previous two years, but no higher than what they ought to be with crude oil up to the mid-$70s/bbl range, as it was back then. Yet, …
More, More, More - Permian Gas Production Growth Spurs Still More Infrastructure Projects
In early December, natural gas production in the Permian has been averaging a record 14.2 Bcf/d, a gain of 1 Bcf/d in only six months. That rapid pace of growth is putting pressure on every aspect of midstream infrastructure — gas gathering systems, …