Recent News
Air Products Developing $4.5B Blue Hydrogen Plant in Louisiana - Will Produce >750 Mmcf/d 10/15/2021
Air Products and the State of Louisiana have jointly announced plans to develop a $4.5 billion clean energy complex within the state. Air Products will build a 750 Mmcf/d blue hydrogen production plant in Ascension Parish, LA. They defined blue products as those which "are produced utilizing hydrocarbons as a feedstock, with the carbon dioxide (CO2) in the production process captured for permanent sequestration." Commercial operation is targeted for 2026
Part of the produced hydrogen will flow into Air Products Gulf Coast pipeline network, which runs 700 miles from Galveston to New Orleans. That network currently supplies 1.6 Bcf/d via 25 production facilities.
The remainder of production will be utilized to create blue ammonia that can be transported globally and converted back into blue hydrogen.
Lastly, the megaproject also includes developing the world's largest CO2 capture facility. 95% of produced CO2 will be captured and stored underground within the state, or >5 Mtpa. Air Products already secured approval for the sequestration.
Kosmos Energy Acquires Additional Interest in Ghana Assets for $550MM 10/14/2021
Kosmos Energy has purchased an additional stake in several Ghana offshore fields from Occidental Petroleum for $550 million. The deal included an 18% stake in the Jubilee Field and an 11% interest in the TEN fields. The deal adds +17 Mboe/d in production to Kosmos' existing stake, along with 100 Mmboe in 2P reserves. 
The Jubilee field is currently producing at 80 Mbbl/d, and the partners plan to grow it back towards 100 Mboe/d in the next 2-3 years.
- 10/14/2021 - Bechtel Completes Work on 1,182-MW Combined-Cycle Power Plant in Ohio
- 10/13/2021 - Shell-led Group Selected by Department of Energy to Study Large-Scale Liquid Hydrogen Storage for International Trade
- 10/11/2021 - Alaska Gasline Development Corp. Highlights Environmental Benefits of Alaska LNG Project
- 10/11/2021 - Cheniere Signs Long Term SPA with ENN for 0.9 Mtpa Under 13-Year Contract
- 10/7/2021 - Comstock Re-Investing Williston Basin Asset Sale Proceeds Into Haynesville Development
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Upstream
10/6/2021 - Penn Virginia Closes on Merger w/ Lonestar Resources - Rebrands to "Range Oil Corporation"
10/4/2021 - SilverBow Resources Closes on Purchase of $33MM in Eagle Ford Assets
9/29/2021 - Shell Completes Startup of First Renewable Natural Gas Production at a US Biomethane Facility
9/29/2021 - Pro Petro Holding Receives Orders to Convert 50 Tier II Diesel Pumping Units to Tier IV Dual-Gas Engines
9/21/2021 - Denbury Signs Term Sheet with Mitsubishi Corp. to Handle CO2 from Ammonia Development
9/16/2021 - Pioneer Natural Resources Adopts Net Zero by 2050 Policy
9/14/2021 - Clearview Resources Acquires 14.2K Net Acres in Alberta
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Midstream
10/13/2021 - Southwest Gas Holdings Issues Response Letter to Activist Investor Carl Icahn
10/6/2021 - EPIC Y-Grade Completes "NGPL Super-System" from Corpus to Sweeny, Texas
10/6/2021 - Williams Prices Public Offering of $1.25B in Senior Notes
10/6/2021 - Marathon's Galveston Bay Refinery Leaking Crude Oil After Pump Seal Failure
10/4/2021 - Chevron Closes on JV with Mercuria to Operate Compressed Natural Gas Fueling Network
9/28/2021 - Shell Midstream Expecting $50MM Earnings Impact from Hurricane Ida in 3Q21, $25MM Impact in 4Q21
9/16/2021 - TC Energy Selling 15% Equity Stake in Northern Courier Pipeline to Astisiy Limited Partnership
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LNG
10/11/2021 - Vietnam Approves $2.3B LNG Power Plant in Quang Tri
10/7/2021 - LNG Canada Is >50% Complete As of October 2021
9/27/2021 - Beach Energy Signs Five-Year LNG Supply Deal w/ BP Singapore
9/24/2021 - Canadian Regulators Invite Public Comments on Energie Saguenay Project
9/21/2021 - New Fortress Energy Finalizes Deal to Develop LNG Terminal & Power Assets in Sri Lanka
9/16/2021 - LNG Canada Places Roof on Facilities Storage Tank
9/1/2021 - Tellurian Cancels Debt Offering; Fully Exercises Recent Equity Offering
Current Research
Natural Gas
- Natural Gas Highlights - 10/15/2021
- Daily Energy News (free) - 10/15/2021
- LNG Export Report - 10/15/2021
- Southeast Pipeline Flow Analysis - 10/15/2021
- Northeast Pipeline Flow Analysis - 10/15/2021
- Midwest Pipeline Flow Analysis - 10/15/2021
- South Central Pipeline Flow Analysis - 10/15/2021
- West & Rockies Pipeline Flow Analysis - 10/15/2021
- European Daily LNG Import Storage Report - 10/15/2021
- European Daily Gas Storage Report - 10/15/2021
- Fundamental Natural Gas Report - 10/15/2021
- Early Look Natural Gas Updates - 10/15/2021
- LNG Biweekly Highlights - 10/13/2021
- Weekly Midstream Project Updates - 10/13/2021
- Natural Gas Storage Update - 10/12/2021
- Criterion Research Industry Alerts - 9/22/2021
Crude Oil
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Crude Oil Highlights - 10/15/2021
Power
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Daily EIA Power Stack Report - 10/15/2021
Criterion's News Feed
- Whitecap Resources Holds 2022 Hedges on 15% of Gas Production, 17% of Crude - 10/15/2021
- Whitecap Resources Plans to Direct 50% of 2022 Discretionary Funds Flows to Balance Sheer; 50% to Shareholders - 10/15/2021
- Whitecap Resources Issues 2022 CapEx Budget of $470-$490MM - 10/15/2021
- Weatherford Increases Note Tender Offer to $1.6 Billion - 10/15/2021
- Weatherford Increases Senior Note Offering to $1.6 Billion - 10/15/2021
- Riley Exploration Permian Increases Borrowing Base by $40MM - 10/15/2021
- Kosmos Energy Prices Public Equity Offering at $3.30/Share - 10/15/2021
- Gulfport Amends Credit Agreement - Lender Commitments Increased by $120MM - 10/15/2021
- Air Products Developing $4.5B Blue Hydrogen Plant in Louisiana - Will Produce >750 Mmcf/d - 10/15/2021
- Renewable Energy Group Begins Work on REG Geismar Expansion Project - Adding 250 MMgal/Annum in Capacity - 10/14/2021
- Kosmos Energy Commences Public Offering of 37.5MM Shares of Common Stock - 10/14/2021
- Enstor Recieves $2.6MM Grant by TCEQ to Replace Lean Burn Gas Engines w/ Rich Burn Engines - 10/14/2021
- Vermillion Energy Achieves Certification for Several Production Sites from Equitable Origin - 10/14/2021
- Occidental Divests Ghana Assets to Kosmos Energy & Ghana National Petroleum for $750MM - 10/14/2021
- Kosmos Energy Acquires Additional Interest in Ghana Assets for $550MM - 10/14/2021