US Emergency Oil Reserve Drops to Lowest Level Since 1987
Crude oil stockpiles in the U.S. Strategic Petroleum Reserve fell to 538 million barrels, the lowest since 1987, data from the U.S. Department of Energy showed.
Norway’s Hammerfest LNG Plant Extends Outage Another Week
Europe’s only large-scale LNG plant, at Melkoeya island just outside the Arctic town of Hammerfest, can process 18 million cubic meters of gas per day when fully operational.
Tellurian Hires Former McDermott COO Samik Mukherjee as Keith Teague Retires
Mukherjee will be responsible for all Tellurian’s asset projects including the construction and operations of Driftwood LNG
Exxon Challenges California County's Denial of Oil Trucking Permit
Exxon asserts that the board's action effectively prevents the company from restarting three offshore drilling platforms and refinery operations shut down.
Latest Venture Global LNG Deals Advance Second Louisiana Facility
The Petronas and Exxon Mobil contracts follow purchase agreements with China Petroleum & Chemical and New Fortress Energy for the plant.
Europe Refiners Benefit from US Emergency Oil Stock Releases
With continued releases of the U.S. Strategic Petroleum Reserve over next several months, “expect to be seeing some of those exported,” Kpler’s Smith said.
ArcLight Sells Houston-based Enstor Gas to JP Morgan’s IIF
Headquartered in Houston, Enstor Gas is the largest privately owned natural gas storage company in the U.S. including six active underground natural gas storage facilities with more than 110 Bcf in working gas capacity.
Europe’s Gas Supply Crisis Grows after Russia Imposes Sanctions
Moscow’s sanctions came just a day after Ukraine halted a gas transit route, blaming interference by occupying Russian forces, the first time exports via Ukraine have been disrupted since the invasion.
Canada's Trans Mountain Secured C$10 Billion in Financing to Cover Construction Costs
Canadian Trans Mountain Corp. will expand the Trans Mountain pipeline to bring more crude oil to the Pacific coast from Alberta with the help of C$10 billion in financing.
Alberta Court Rules Canada’s Environmental Impact Law Unconstitutional
The Alberta Court of Appeal said the Impact Assessment Act (IAA), which assesses how major infrastructure projects in Canada like pipelines impact the environment, was a “classic example of legislative creep.”