Natural Gas , Storage

Opinion: The Real Natgas Over/Under

An EIA report on U.S. natural gas showed that this year's storage level was at 3,580 Bcf—only a 1% difference from the 3,617 Bcf of storage reported this time last year.

December 5, 2022

Energy Transition , Storage , Pipelines

Enbridge Joins Occidental on Carbon Capture Project Near Corpus Christi, Texas

Oxy Low Carbon Ventures and Enbridge Inc. will leverage each other's strengths in a new partnership to develop, construct and operate a Texas Gulf Coast-based carbon sequestration facility and pipeline transportation system.

November 30, 2022

Health, Safety & Environment , Storage

US Coast Guard Says Calcasieu, Louisiana Oil Spill Contained

On Nov. 28, an approximated 3,500 gallons of lubricant oil from a Martin Energy Services secondary containment facility spilled near Calcasieu Point Landing, La.

November 30, 2022

Natural Gas , Storage

US Natural Gas Futures Up 8% on Colder Weather Forecasts

Also supporting natural gas futures in the U.S. were worries about a possible rail strike that could disrupt coal shipments to utilities this winter, forcing power generators to burn more gas to produce electricity.

November 23, 2022

Petrochemicals , Crude Oil , Storage

US Crude Oil Inventories Fall as Fuel Stocks Build

The decline in U.S. crude oil inventories last week was tempered by another release of barrels from the country’s strategic petroleum reserve (SPR).

November 23, 2022

Markets , Infrastructure , Storage

US at Risk of Tight Electric Supplies This Winter: NERC

The North American Electric Reliability Corp. (NERC) said that the lack of interconnections with other regions limited Texas’ ability to import power from other regions if problems arise.

November 18, 2022

Infrastructure , Shale Plays , Storage

Equitrans Expects to Stop Pennsylvania Gas Leak in Next Couple of Days

Equitrans has estimated the size of the leak, which started on Nov. 6 at the facility in Cambria County’s Jackson Township, at about 100 MMcf/d, according to the Pennsylvania Department of Environmental Protection (DEP).

November 17, 2022

Crude Oil , Legislation , Storage

White House Asks Congress for $500 Million to Modernize SPR

If approved by Congress, the request, issued by the White House on Nov. 14, provides the Department of Energy (DOE) with funding to improve the four SPR sites along the Texas and Louisiana coasts.

November 17, 2022

Crude Oil , Storage

US Crude Stocks Drop Sharply as Refiners Pick Up Activity, EIA Says

“The drawdown in crude supplies is substantial. The crude supply is still very tight, heating oil supply is still below average,” said Phil Flynn, senior analyst at Price Futures Group in Chicago.

November 16, 2022

Markets , Infrastructure , Storage

Winter Power Resources May Be Tight in Parts of North America, NERC Says

Federal regulators also warned that the New England region faced its highest energy costs in more than 25 years this winter due to tight heating oil supplies and fierce competition for LNG.

November 9, 2022