Recent News
European Union Discussing Revised Natural Gas Price Cap Proposal of €220/Mwh 12/7/2022
The European Union is currently struggling to agree on a proposed natural gas price cap. A handful of countries oppose the cap over concerns it will make it harder to obtain supplies. On the other hand, other members see the cap as a way to protect consumers from price spikes.
Currently, the bloc is discussing a €220/cap which would only be implemented on prompt month TTF prices. TTF prices would also have to be at least €35/Mwh higher than LNG prices in the region for the cap to be implemented.
An additional meeting may occur on December 19th to hash everything out.
Energy Transfer Conducting Firm Capacity & Bid Solicitation for Gulf Run Pipeline from 12/5-12/9: 300,000 Dth Available 12/6/2022
Gulf Run Transmission posted a notice of available firm capacity and bid solicitation for their new pipeline, which is scheduled to begin operations on December 15, 2022, pending FERC clearance. They cited that "at in-service, Gulf Run’s Zone 1 will have 29 receipt meters capable of aggregating supply in Carthage, Haynesville and Perryville. Zone 2 will initially have approximately 1.65 Bcf/d of new takeaway capacity to the Louisiana Gulf Coast."
They are seeking bids for up to 300,000 Dth post-in service; Zone 1 receipt points are shown below. Delivery into Zone 2 will be available at Trunkline @ Vinton Meter #292545. The open season is for a minimum 1-year term starting on January 1, 2023 and extending up to October 31, 2026.
- 12/6/2022 - Sempra Infrastructure Signs 15-Year LNG SPA w/ ENGIE for 0.875 Mtpa
- 12/5/2022 - Severe Weather in Germany Delaying Installation of Three LNG Import Terminals
- 12/2/2022 - European Union Resumes Discussions on Russian Crude Price Cap at $60/bbl
- 11/29/2022 - Sabine Pilots Suspend Service Amid Fog on 11/29/22 at 0050 - Fog Lingering Throughout the Week
- 11/29/2022 - QatarEnergy and ConocoPhillips Sign 15 Year 2 mtpa LNG Supply Agreement
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Upstream
11/18/2022 - Nabors Launches RZR Module; Moves Forward with Fully Automated Land Drilling
11/9/2022 - Repsol Certifies 100% Production from Marcellus Shale
11/9/2022 - Surge Energy Purchases +3.8 Mboe/d in Crude Oil Producing Assets from Enerplus for $245MM
11/4/2022 - Marathon Oil Acquires Core Eagle Ford Assets from Ensign Natural Resources for $3.0 Billion
11/4/2022 - Continental Resources Maintains 2022 CAPEX Forecast of $2.6-$2.7 Billion
11/2/2022 - ProFrac Holding Corp. Closes on Acquisition of U.S. Well Services in Stock-for-Stock Merger
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Midstream
11/29/2022 - District Court Judge Rejects Total Shutdown of Line 5 Pipeline
11/18/2022 - Zydeco Crude Oil Pipeline to Operate at Reduced Capacity Through Late December
11/17/2022 - TC Energy Resumes Full Operations on Keystone After Severe Storms Cut Patoka Power
11/10/2022 - TC Energy Sanctions VNBR Project; 0.5 Bcf/d NGTL Expansion.
11/2/2022 - ONEOK Recently Completed +1.1 Bcf in New Texas Storage Capacity; Adding +4 Bcf in Oklahoma by 2Q23
11/1/2022 - Williams Expecting Final FERC Certification & 404 Water Permit for Regional Energy Access Project in 4Q22
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LNG
11/14/2022 - Sabine Pass Liquefaction LLC Plans to Issue $430 Million of Debt Due in 2037
11/8/2022 - Gazprom Completes Checks at 174,000 cubic meter Marshal Vasilevskiy FRSU
11/2/2022 - NFE's Louisiana FLNG Project Expected to be Delayed to 2H23 - MarineLink
11/1/2022 - JBIC to Extend $674 to JERA to Help Them Source LNG
10/18/2022 - Nigeria's Bonny Island LNG Facility Declares Force Majeure After Regional Flooding
Current Research
Natural Gas
- Natural Gas Highlights - 12/7/2022
- Daily Energy News (free) - 12/7/2022
- Canadian Fundamental Natural Gas Report - 12/7/2022
- LNG Export Report - 12/7/2022
- Southeast Pipeline Flow Analysis - 12/7/2022
- Northeast Pipeline Flow Analysis - 12/7/2022
- Midwest Pipeline Flow Analysis - 12/7/2022
- South Central Pipeline Flow Analysis - 12/7/2022
- West & Rockies Pipeline Flow Analysis - 12/7/2022
- Fundamental Natural Gas Report - 12/7/2022
- Early Look Natural Gas Updates - 12/7/2022
- Natural Gas Storage Update - 12/6/2022
- European Daily Gas Storage Report - 12/6/2022
- European Daily LNG Import Storage Report - 12/6/2022
- Criterion Research Industry Alerts - 12/2/2022
- Long Term Natural Gas Supply & Demand Report - 11/17/2022
Crude Oil
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Crude Oil Highlights - 12/6/2022
Power
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Monthly U.S. Power Stack Update - 12/1/2022
Daily EIA Power Stack Report - 11/15/2022
Criterion's News Feed
- US & UK Announce Partnership for “Energy Security & Affordability”; Includes Commitment of 9-10 Bcm in LNG for Next 12 Months - 12/7/2022
- Sunoco Notes Increasing Margins are Generally Being Offset by Inflation and Recession Risk - 12/7/2022
- Sunoco Notes No Debt Maturing Until 2027 in 2023 Guidance - 12/7/2022
- Kumul Petroleum is Seeking Funding for 5% Stake in Papua LNG Project - 12/7/2022
- European Union Discussing Revised Natural Gas Price Cap Proposal of €220/Mwh - 12/7/2022
- Coral FLNGs First Cargo to Arrive at Spain's Bilbao Import Terminal on December 7th - 12/7/2022
- NewMed Energy Starts Operations in Morocco; Expects Exploratory Drilling in 2.5 Years - 12/7/2022
- Exxon Starts 450,000 Ton/Year Polyolefins Production Unit in Baton Rogue - 12/7/2022
- SLB Provides Update on Debt Repurchase Plan - 12/7/2022
- UGI No Longer Selling French Energy Marketing Business - 12/7/2022
- Aker Approves Submission of Plans for Development for $19B in Upstream Projects - 12/7/2022
- Chevron Discussing Joint Ventures with PDVSA Shortly - 12/7/2022
- Canadian Solar Signs 256 MW Module Supply Solar Contract With SOLA Group - 12/7/2022
- Cheniere Redeems Senior Notes Due 2024 - 12/6/2022
- Energy Transfer Prices Senior Notes Due 2028 and 2033 for Total of ~$2.5B - 12/6/2022