U.S. crude stocks in the Strategic Petroleum Reserve (SPR) fell to 577.5 million barrels, the lowest since July 2002.
“Whit’s deep strategic, operational and commercial experience in the LNG industry including the successful leadership of complex joint venture companies will be an asset to Cameron LNG,” commented Lisa Glatch, chair of the board.
The Keystone XL pipeline would have carried 830,000 bbl/d of Canadian crude from Alberta to U.S. refineries but ran years of regulatory delays and fierce environmental opposition before ultimately being scrapped.
Shell already buys 2 mtpa of LNG from Venture Global’s Calcasieu Pass plant, which is also in Louisiana.
Managing data is vital in achieving emissions and sustainability goals, says an expert in energy technology.
The terminal is strategically placed in the Powder River Basin and sits directly adjacent to Cowboy Midstream’s Powell Lateral II Pipeline.
The company is using fiber optics to monitor over 1,600 miles of its crude and NGL pipelines.
The three Democrats on the five-member Federal Energy Regulatory Commission voted in February to approve the guidelines that analysts say could present hurdles for new gas projects.
The pipeline, which will connect Poland to Norwegian gas fields, is designed to reduce Poland’s reliance on Russian gas but construction was halted in May 2021 due to environmental issues.
Chevron CEO Michael Wirth also stressed the importance for world oil supply of the Caspian pipeline consortium, operator of an oil line that moves crude from Russia and Kazakhstan and in which Chevron holds a 15% interest.