By Mark Jaffe, EUCI energy writer U.S. natural gas net exports are set to rise nearly 30% to 20.5 billion cubic feet a day by 2027, spurred by five new liquefied natural gas (LNG) export facilities, according to the federal Energy Information Administration (EIA). Already the world’s largest LNG exporter, the EIA is projecting LNG…
By Mark Jaffe, EUCI energy writer The global natural gas market is set to be reshaped in 2026 by a surge of new liquified natural gas (LNG) capacity, which will help lower market prices and spur demand, according to the International Energy Agency (IEA). The increase in global gas demand slowed to less than 1%…
By Mark Jaffe, EUCI energy writer The Trump administration’s 25% tariffs on all imports of steel and aluminum – set to begin March 12 – will challenge the utility sector, but in the short run should not undermine company finances, according to the credit rating service Morningstar DBS. Still, the tariffs may have a ripple…
Natural gas pipeline capacity from the Permian Basin is set to increase September 10, 2024 Natural gas pipeline takeaway capacity in the Permian Basin will soon increase as the Matterhorn Express Pipeline, with a capacity of 2.5 billion cubic feet per day (Bcf/d), is expected to begin service this month, according to EnLink Midstream, one…
Brent Crude Tumbles Below $75 a Barrel, Erasing 2024 Gains September 3, 2024 Brent erased its 2024 gains as concerns about demand in the world’s two biggest economies overshadow heightened geopolitical risks. The global benchmark dropped below $75 a barrel and touched the lowest intraday price since December 2023. Read more
Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance Aug 26, 2024 Oil major Shell on Monday said it plans to shut-in different portions of its Zydeco pipeline system for maintenance for three to four days starting Sept 24, limiting flows of some light crude to Louisiana. The Zydeco pipeline system, which spans…
Brazos Midstream completes new gas processing facility and announces further expansion plans 19 August 2024 Brazos Midstream, a company focused on the Permian Basin, has announced the completion of a new gas processing facility and further expansion plans, reports GlobalData. The Sundance I facility in Martin County, Texas, with a capacity of 200 million ft3/d,…
Canada has become the main exporter of oil to the U.S. meeting demand from refineries Energize Weekly, August 14, 2024 Canada has become the main source of imported oil for U.S. refineries, accounting for 60 percent of crude imports as of January 2024 – almost doubling its share in 10 years, according to the federal…
U.S. oil and gas M&A tops $30 billion for the third straight quarter Energize Weekly, August 7, 2024 Oil and gas mergers and acquisitions (M&A) in the second quarter of 2024 marked the third consecutive quarter of $30 billion or more in transactions, according to energy consultant Enverus Intelligence Research. Before this run, quarterly deals…
Texas crude oil pipelines full to the brim, getting worse Jul 29, 2024 Crude oil pipelines connecting the busiest Texas oil fields to a critical export hub across the state are nearly out of space, threatening to cap US oil exports at a time when the world needs more. Key pipelines that transport barrels produced…
ONEOK to expand pipeline from Kansas to Denver July 22, 2024 Oklahoma energy company ONEOK plans to expand its pipeline capacity connecting Mid-Continent and Gulf Coast refined products supply with the greater Denver area to meet growing demand in that region. The project involves the construction of a new 230-mile, 16-inch diameter pipeline from Scott…
Maine’s largest natural gas provider, Unitil, to acquire Bangor Natural Gas Company Jul 9, 2024 The largest provider of natural gas in Maine, Unitil, has agreed to purchase the Bangor Natural Gas Company, the state’s second-largest provider, the Unitil Corporation announced Tuesday. Unitil said it will pay $70.9 million to PHC Utilities, a subsidiary of…
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