US LNG Exports Rise 16%, to New Record
While U.S. LNG exports to Europe have ripped higher since November, analysts said more is needed with European gas inventories only about a quarter full, below the five-year average of about 34% for this time of year.
US Energy Dept Issues Notice of Sale of Oil from Emergency Reserve
The first 90 million barrels of SPR oil will be released between May and July. The other 90 million barrels will be released between August and October, the Energy Department said.
Mexico Plans Three LNG Facilities, Eyes Tender Process
Mexico President Andres Manuel Lopez Obrador urged U.S. firm Sempra, which has an LNG facility by the northwestern port of Ensenada, and other companies to sign up the plan to build the facilities.
New Fortress Energy Proposes to Build its First US LNG Export Facility
New Fortress Energy's newest LNG liquefaction terminal is expected to have an export capacity of 145 Bcf of natural gas per year.
US Weighs Largest Ever Draw from Emergency Oil Reserve: Sources
The oil release would increase supplies by 1 million bbl/d for six months and help market rebalance this year, but it does not resolve the structural supply deficit, Goldman Sachs analysts said in a note.
Caspian Pipeline Outage Forces Kazakhstan to Cut Oil Output by a Fifth
Kazakhstan, a former Soviet republic, will have to cut its oil output by 20% until repairs are done to fully restore capacity of the Caspian Pipeline Consortium’s Black Sea terminal, the ministry said in a statement.
Tellurian’s Driftwood LNG Facility Begins Construction
Tellurian Inc. and Bechtel Energy Inc. are moving forward to begin construction on an LNG export facility that will export approximately 27.6 million tonnes per annum.
US Oil Exports Surge, Drawing Crude Away from Storage Hub
U.S. crude is attractive to world buyers because it is trading at a steep discount of nearly $7 under the global benchmark Brent.
US Considers Another SPR Release that Could Top 30 Million Barrels: Source
U.S. crude supplies in the SPR fell by 4.2 million barrels last week to 571.3 million barrels, the lowest since May 2002, the Energy Information Administration said.
Cutlass Energy Establishes Haynesville Position through ArcLight Transaction
ArcLight Capital Partners entered into an agreement through its affiliate Saber Midstream to acquire a Haynesville gas gathering system set to be managed by ArcLight-backed Cutlass Energy Partner.