Storage

Liquefied Natural Gas (LNG) , International , Storage

China Signs Huge LNG Deals with US Supplier Venture Global

For China—which has this year overtaken Japan as the world's top LNG buyer—the deals will be its single largest LNG trade agreement in terms of volumes without an equity stake, a senior Beijing-based gas industry source said.

October 20, 2021

Energy Transition , Tankers , Storage , Construction , Pipelines

Midstream Project Update: A Lean Harvest

EPIC Y-Grade’s super system and other midstream projects move forward but PennEast finally calls it quits.

October 15, 2021

Crude Oil , Trade , Storage

US Energy Secretary Granholm: Tapping SPR Possible Tool to Calm Oil Prices

U.S. Energy Secretary Jennifer Granholm also did not rule out a ban on crude oil exports, which was lifted in 2015 when Obama was president. “That’s a tool that we have not used, but it is a tool as well,” Granholm said in the FT report.

October 6, 2021

Crude Oil , Storage

US Crude Stockpiles Rise Causing Oil Prices to Ease from Multiyear Highs

“A lot of the crude build seems to have gone to increased inputs into refineries,” said Bob Yawger, director of energy futures at Mizuho, following an EIA report on U.S. crude oil and gasoline inventories.

October 6, 2021

Acquisitions & Divestitures , Storage , Pipelines

Dominion Energy Sells Questar Pipelines to Southwest Gas for $2 Billion

Activist investor Carl Icahn blasts the Questar Pipeline transaction, which follows the terminated deal with Berkshire Hathaway.

October 5, 2021

Petrochemicals , Crude Oil , Storage

US Crude, Fuel Stockpiles Rise as Oil Production Returns

The rebound came as U.S. crude oil output jumped by 500,000 bbl/d to 11.1 million bbl/d, a level consistent with activity before Hurricane Ida slammed into the U.S. Gulf Coast about a month ago.

September 29, 2021

Storage , Construction

Enbridge Launches Open Season for Transport to Dawn Gas Hub

Enbridge Gas is holding a binding open season for C1 transportation services from St. Clair (DTE) and/or Bluewater to Dawn starting November 1, 2023 for a minimum of five years, the company said on Sept. 20.

September 23, 2021

Crude Oil , Storage

US Crude Oil Stockpiles Fall to Lowest in Three Years

Crude oil inventories in the U.S. now sit at their lowest levels since October 2018, and that tightness, along with strong demand, has helped drive oil prices higher.

September 22, 2021

Crude Oil , Storage

US Crude Stocks at Oklahoma’s Cushing Hub Down by over 40%

Crude oil inventories at Cushing—home to a chunk of U.S. commercial tank and underground crude oil working storage capacity—are now 26% lower than normal, based on the EIA’s previous five-year average.

September 21, 2021

Liquefied Natural Gas (LNG) , Storage

Freeport Texas LNG Export Plant Starts to Exit Outage

Energy traders said that likely means the plant was returning to service. LNG facilities liquefy natural gas into super-chilled LNG and also use the gas to fuel operations.

September 15, 2021