Petrochemicals , Crude Oil , Storage

US Crude Oil Stocks Fall Unexpectedly as Refineries Ramp Up

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 216,000 barrels, the EIA said, the first time in several weeks that Cushing stocks have increased.

November 17, 2021

Crude Oil , Trade , Storage

EIA: Impact from Release of US Emergency Reserve Oil Would be ‘Short-lived’

An EIA analysis showed that a release of 15 million to 48 million barrels from the reserve could bring prices down about $2 a barrel and push gasoline prices for a short period of time.

November 16, 2021

Liquefied Natural Gas (LNG) , Storage , Gathering & Processing

Cheniere to Sell US LNG to France's Engie

Cheniere said Engie will buy about 0.4 to 1.2 million tonnes per annum (mtpa) of LNG.

November 15, 2021

Energy Transition , Storage , Gathering & Processing , Pipelines

TC Energy Forms Partnership to Build Hydrogen Modular Production Hubs

TC Energy’s latest partnership will prioritize the development of facilities near existing and potential customer demand with a goal to produce up to 20 tonnes of hydrogen per hub per day.

November 11, 2021

Storage , Construction , Pipelines

TC Energy Unveils $800 Million Expansion Project in Midwest US

The WR Project is expected to be brought in service in the fourth quarter of 2025.

November 8, 2021

Investment , Storage

Denbury Enters Partnership to Develop Texas Gulf Coast CO2 Sequestration Project

Located just 25 miles from Denbury’s existing CO2 Green Pipeline, the project site is ideally positioned to sequester large volumes of CO2 from Gulf Coast industrial emissions sources.

November 4, 2021

Crude Oil , Storage

US Oil Demand Surges, Depleting Oklahoma Storage Hub

“Storage at Cushing alone has the potential to really rally the market to the moon,” said Bob Yawger, director of energy futures at Mizuho.

October 27, 2021

Crude Oil , Storage , Gathering & Processing , Pipelines

Plains’ Cushing Terminal to Become WTI Delivery Point

The change will take effect November 8, 2021 for the February 2022 contract month, pending regulatory review.

October 21, 2021

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