Joseph
Markman
Hart Energy
Pembina, KKR JV to Acquire Energy Transfer Canada in $1.3 Billion Buyout
Pembina Pipeline and KKR on March 1 agreed to form a JV, merging their Western Canadian gas processing assets in deals worth CA$11.4 billion (US$8.99 billion), which included the Energy Transfer Canada transaction.
First LNG Cargo Departs from Venture Global’s Louisiana Plant
Venture Global started producing LNG in January at Calcasieu, where it is installing 18 modular liquefaction trains to produce about 10 mtpa of LNG, equivalent to about 1.5 Bcf/d of natural gas.
LNG Tanker Congestion Forms Outside US Export Terminals
As many as 28 ships were near U.S. Gulf Coast ports as the U.S. approached its full LNG export capacity.
Russian Oil Tanker Hit by US Sanctions Heading to Malaysia
It remains unclear whether authorities in Malaysia plan to allow the ship to anchor.
US, Allies Weigh Oil Reserves Release after Ukraine Invasion
Russia, one of the world’s top oil producers, exports around 4-5 million bbl/d of crude and another 2-3 million bbl/d of refined products. China, the EU, South Korea, India and Japan are its main buyers.
Trans Mountain Can Proceed with Work on Key Pipeline Terminals: Regulator
Trans Mountain now expects to finish the expansion in the third quarter of 2023, when it will nearly triple the capacity of the pipeline running from Alberta to the Pacific Coast to 890,000 bbl/d of oil.
US Drilling Activity Outlook Following Oil Price Surge
Despite significantly higher oil prices, here’s what’s limiting drilling and completion activity by U.S. independent E&P companies from ramping up.
Cheniere Expects More Long-term LNG Supply Deals in Volatile Market
LNG suppliers rely on long-term contracts to finance new plants.
FERC’s Climate Policy on Natgas Infrastructure Triggers Anger, Confusion
The latest move by FERC that would require permits for the construction of natural gas infrastructure to involve projections of emissions from construction, operation and users of transported gas, will likely be tested in the courts.
US Crude Oil Stockpiles Rise, Fuel Inventories Fall
“The Cushing situation is getting worrisome,” said John Kilduff, partner at Again Capital LLC. “That's supportive of the contract.”