US Crude Oil, Fuel Stockpiles Fall in Tight Market: EIA
The fall comes even though the U.S. government released more than 5 million barrels of reserves in the most recent week and as net crude imports rose by 83,000 bbl/d, the EIA said.
Norway’s Hammerfest LNG Plant Resumes Output, Boosting Gas Exports
Europe’s only large-scale LNG plant, the Hammerfest plant in Norway, restarted LNG production following a fire almost two years ago, operator Equinor said on June 2.
Kinder Morgan Says Oil Vessel Charter Rates Gain After Ukraine Crisis
According to Kinder Morgan CEO Steven Kean, day rates for vessels moving oil and refined products between U.S. ports increased after the U.S. banned Russian oil and product imports in March.
CCS Emerging as Integral to New Midstream Developments
Recent announcements include a BP-Linde project comprising hydrogen production at Linde’s facilities in the Houston area with CCS as an integral part of the project from the start.
Europe’s Dash for Gas Puts Australia’s LNG Import Plans at Risk
European users are grabbing floating storage and regasification units needed to convert LNG to gas, leaving little left for Australian import projects that aim to fill an expected gas supply gap from 2024.
US Approves Major Transmission Line from Wyoming to Utah
The move allows PacifiCorp, a unit of Warren Buffett's Berkshire Hathaway Inc., to start building the line, which will run from southwest Wyoming through Colorado to central Utah.
Iran Seizes Two Greek Tankers amid Row over US Oil Grab
Also on May 27, Iran summoned an envoy of Switzerland, which represents U.S. interests in Tehran, to protest against the Pegas oil seizure, the Iranian foreign ministry said.
Venture Global to Decide on Louisiana Plaquemines LNG Phase 2 by Year End
“We believe that we have the lowest cost of liquefaction in the world,” Venture Global LNG CEO Michael Sabel said, noting that since 2017, Venture Global has won over 80% of the 20-year contracts in the U.S.
Canes Midstream Establishes Permian Basin Position with Cogent Acquisition
“I was with these assets at inception and am excited to return and continue to grow them,” said Canes CEO and Co-founder Scott Brown, who previously served as president of Lucid I, a predecessor to Cogent Midstream.
Enbridge to Build Gas Pipeline to Venture Global’s Plaquemines LNG Plant
The announcement by Enbridge follows Venture Global’s final investment decision on May 25 to build the $13.2 billion Plaquemines LNG project in Louisiana’s Plaquemines Parish.