In this issue

 

Helmerich & Payne (H&P), North America’s largest land drilling solutions provider, have invested $33 million into Galileo to use their technology on drill pads. Galilieo’s technology can capture natural gas…
Monday, 09 May 2022
• March-April exports at 14.7mmt  • Up 0.88mmt (6pct) over January-February period • Shipments up 1.88mmt (15pct) over period year-on-year • Avg. US capacity utilisation at 117pct for report period 
Monday, 09 May 2022
Free ReadPeriod between 01 March 2022 and 30 April 2022, inclusively. Elba Island LNG Elba Island LNG produced flat out and exported a total of six cargoes amounting to 0.45mmt in…
Venture Global has set the pace for how quickly new US LNG export capacity can come to market. The 10 million tons of LNG per annum Calcasieu Pass project in…
By 2050, approximately 25 percent more natural gas will be produced than consumed in the United States, according to government projections. However, more than 35 percent of gross additions will…
Free ReadIntercontinental Exchange (ICE) is pushing ahead with development of derivatives and products to allow the hedging of risk in the natural gas, LNG and oil complexes with the latest having…
The German government has decided to fast-track works on two regasification terminals as it embraces US LNG imports in a bid to reduce dependence on Russian pipeline gas. Chancellor Olaf…
High spot prices are spurring a rise in marketed gas production in the United States to a record 106.6 billion cubic feet per day (Bcf/d). According to government forecasts, production…
Free ReadPetróleos Mexicanos (Pemex), the Mexican oil and gas company, is currently struggling to emerge from the economic slowdown amid widening losses at a time when several LNG export projects are moving…
US LNG developer Tellurian has ended 2021 with more than $300 million in liquidity and over $360 million in discounted future net cash flows of proved gas reserves in Haynesville Shale.…
The Impact Assessment Agency of Canada (IAAC) has made funding available to Canadians and Indigenous groups to participate in the approval process for an LNG export project proposed for Pearse…
• January-February exports at 13.61mmt • Up 0.10mmt (1pct) over November-December period • Shipments up 3.31mmt (32pct) over period year-on-year • Avg. US capacity utilisation at 108pct for report period.
Monday, 07 March 2022
Free ReadPeriod between 01 January 2022 and 28 February 2022, inclusively. Elba Island LNG Elba Island LNG produced flat out and exported a total of six cargoes amounting to 0.42mmt in…
Sky-high European gas demand has caused US LNG exporters to divert cargoes – initially sold to Asian buyers – to northeast Europe. With the start-up of Nord Stream 2 held up…

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.