Recent News
Tellurian Chairman Comments on Recent Land Deal, Discussing $7B in Financing with Banks Next Week 4/11/2023
Tellurian Executive Chairman Charif Souki recently published a two-minute video discussing the firms recent $1 billion leaseback agreement that was announced last week. Tellurian is leasing back the land for a 40-year period, and it will cost them approximately $0.15-0.18/Mmbtu which will be classified as operations and maintenance costs.
Souki also added that Tellurian will be talking with eight banks in New York next week, and they are "highly confident" that they will be able to secure $7 billion in financing from the group. The initial phase of Driftwood will cost $13 billion, so if Tellurian will need to find a way to fund the remaining $3-4 billion. They will look towards counterparty investments to make this happen or from their own internal resources in the next 3-4 years.
Battalion Oil Reports 4Q22 Production of 15.7 Mboe/d; Down from 4Q21 Volumes of 17.3 Mboe/d 4/3/2023
Battalion Oil reported 4Q22 net production of 15.7 Mboe/d (51% oil), which was down from 4Q21 output of 17.3 Mboe/d (50% oil.)
- 3/8/2023 - Keystone Pipeline to Reduce System Pressure amid Corrective Action Order from PHMSA
- 3/7/2023 - U.S. Solar Panel Imports from China Reportedly Increasing As Officials Clarify Rules
- 3/7/2023 - Guyana Now Eyeing Development of Natural Gas Reserves as Crude Oil Production Accelerates
- 1/25/2023 - DEP Reports +3k Abandoned Wells in PA + Operators' Failures to Report Results of Natural Gas Programs
- 1/25/2023 - NRC Refuses PG&E's Request to Extend Diablo Canyon License Past 2024 & 2025
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Upstream
1/18/2023 - Chesapeake Reportedly Going to Sell Brazos Valley Operations to Wildfire Energy for $1.4 Billion
12/9/2022 - Crescent Point Energy Purchases 65,000 Kaybob Duvrnay Acres From Paramount Resources For $375 Million
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
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Midstream
12/12/2022 - Trunkline Given Approval to Begin Construction on Aspects of Pipeline Modifications Project
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
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LNG
12/28/2022 - Sempra Infrastructure Signs 15-Year LNG SPA with RWE for 2.25 Mtpa in Capacity from Port Arthur LNG Phase 1
12/9/2022 - Lubmin FSRU Delayed by a Few Weeks; Expected to Come Online at End of the Month
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
Current Research
Natural Gas
- Natural Gas Highlights - 5/26/2023
- Daily Energy News (free) - 5/26/2023
- Natural Gas Storage Update - 5/26/2023
- Canadian Fundamental Natural Gas Report - 5/26/2023
- West & Rockies Pipeline Flow Analysis - 5/26/2023
- South Central Pipeline Flow Analysis - 5/26/2023
- Midwest Pipeline Flow Analysis - 5/26/2023
- Northeast Pipeline Flow Analysis - 5/26/2023
- Southeast Pipeline Flow Analysis - 5/26/2023
- LNG Export Report - 5/26/2023
- Fundamental Natural Gas Report - 5/26/2023
- Early Look Natural Gas Updates - 5/26/2023
- Long Term Natural Gas Supply & Demand Report - 5/22/2023
- European Weekly Gas Storage Report - 5/18/2023
- European Weekly LNG Import Storage Report - 5/18/2023
- Criterion Research Industry Alerts - 4/29/2023
- Monthly U.S. LNG Export Project Updates - 4/10/2023
Crude Oil
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Crude Oil Highlights - 5/26/2023
Criterion's News Feed
- ConocoPhillips Exercises Preemption Right to Acquire 50% Stake in Surmont from TotalEnergies for $3B - 5/26/2023
- Grupo Carso Acquiring 49.9% Stake in Talos Energy's Mexican Subsidiary for $125 Million - 5/26/2023
- Uzbekistan & Air Products Agree to Develop 1.4 Mtpa Methanol-To-Olefins Gas Chemical Complex - 5/26/2023
- Eversource Energy Plans to Exit Remaining 50% Stake in South Fork Wind, Revolution Wind, and Sunrise Wind Offshore Developments - 5/26/2023
- Eversource Energy Selling 50% Stake in Massachusetts's Wind Lease Area to Ørsted for $625MM - 5/26/2023
- Dandelion Energy Urges New York Legislators to Update Geothermal Borehole Regulations - 5/26/2023
- BP & Petrochina Each Secure 2 Bcm in Regasification Capacity at Gate LNG Import Terminal - 5/26/2023
- Mexico's Olmeca Refinery Expected to Again Miss Targeted Completion Date - 5/26/2023
- Air Products Acquires Natural Gas-to-Syngas Facility in Uzbekistan for $1B - 5/25/2023
- Aker BP Announces New Oil Discovery Yggdrasil Area of the Norwegian North Sea - 5/25/2023
- Pemex Investing $80MM Into Reactivating Veracruz Natural Gas Processing Plant - 5/25/2023
- U.S. Circuit Court of Appeals Agrees to Review PHMSA Safety Standard Imposed on Oil & Gas Gathering Pipelines - 5/25/2023
- EQT Commences Tender Offer for $250MM in Senior Notes due 2025 - 5/25/2023
- Spire Inc. Acquiring MoGas & Omega Pipeline Systems from CorEnergy for $175MM - 5/25/2023
- Dow & New Energy Blue Sign Supply Agreement for Bio-Based Ethylene Produced via Corn Residue - 5/25/2023