In this issue

 

GE Vernova has embarked on a pre-feasibility study of direct air capture (DAC) powered by nuclear energy – helped by $3.3 million in federal funding. Tests are carried out at…
Free ReadAquaterra Energy’s new services for legacy wells and its patent-pending Recoverable Abandonment Frame (RAF) can repurpose offshore oil and gas reservoirs for CO2 or hydrogen storage. The technology helps accelerate…
Tuesday, 01 October 2024
• August-September exports amounted to 15.42mmt at time of writing • Up by 0.81mmt (6pct) from June-July period • Shipments up 0.32mmt (2pct) over period year-on-year • Avg. US capacity utilisation at 98pct…
Tuesday, 01 October 2024
Period between 01 August 2024 and 30 September 2024, inclusively
Activity returned in the Canadian LNG space as Pembina Pipeline Corp and the Haisla First Nation have just taken FID to proceed with the near-shore Cedar FLNG project on the…
Free ReadPrices at Henry Hub have eased on lower feedgas demand given that one train at Sabine Pass LNG terminal is off for maintenance. Late-June feedgas demand throughout the US fell…
Texas LNG at Brownsville is “on the verge of full sell out,” has touted Brendan Duval, CEO and founder of project’s owner, the New York-based fund, Glenfarne Energy Transition. Offtake…
US District Judge James Cain in Lake Charles, Louisiana, has blocked President Biden’s temporary ban on approving applications to export LNG to non-FTA-countries, ruling the ban should “be stayed in its…
Abundant, low-lost natural gas has become essential to the US energy system and is enabling the reshoring of many industries. “In fact, today, natural gas is more than five times…
Free ReadGlobal energy demand is shifting to natural gas and investment in LNG is set to soar over 50 percent by 2029, while growth in oil investment shows signs of peaking…
Meteorologists are forecasting a particularly intense Atlantic hurricane season this year; they expect 20 to 25 named storms which can potentially disrupt crude oil and natural gas production as well…
Fitch Rating has maintained all Henry Hub base-case assumption, although US gas production continues to outstrip consumption albeit with a narrowing gap. Analysts expect gas production will fall as a…
Free ReadChiyoda, the Japanese LNG engineering firm working on the Golden Pass LNG project, has been hit by the bankruptcy of the US Zachry construction group. The Yokohama-based company said it…
Argent LNG, with plans to develop a liquefaction terminal at Port Fourchon, Louisiana, has selected Chart Industries to supply modular processing equipment. Argent is proposing a facility at a 144-acre…

News Nudges

Canada to export Alberta oil via BC

Canada has moved closer to unlocking a new Pacific Coast crude outlet from Alberta while fast-tracking British Columbia LNG projects with the aim of tripping LNG production and export beyond 2030. Prime Minister Mark Carney said a proposed pipeline capable of carrying about 1 million barrels per day could begin construction in September 2027, as Ottawa and Alberta lined up support for the project. The route would run through southern British Columbia to the Pacific coast, giving Canadian crude a shorter path to Asian buyers and reducing reliance on the United States, officials said. The new pipeline, with 1 million barrels per day throughput, could turn Canada into a global oil exporter — in addition to LNG. British Columbia already has several LNG projects at different stages, including LNG Canada in Kitimat, Woodfibre LNG near Squamish and expansions tied to Tilbury LNG and related pipeline infrastructure. Together, the Alberta-to-BC pipeline plan and LNG acceleration signal a broader federal strategy to scale up Canada’s energy exports without depending solely on U.S. demand. Canada used to sell almost its entire surplus oil and gas production to its large southern neighbour.