Recent News
Pembina Books $1.6B Write-Down on Jordan Cove and CKPC Joint Venture Projects 2/26/2021
Pembina reported a fourth-quarter 2020 non-cash after-tax impairment of $1.6 billion on the Ruby, Jordan Cove, and our CKPC petrochemical investments. In late-2021, the Canada Kuwait PDH and PP project was indefinitely suspended.
With regards to Jordan Cove, the firm is currently evaluating the path forward amid ongoing regulatory and political uncertainty.
ERCOT Review of Feb-21 Extreme Cold Event: No Entity Can Enforce Weatherization Standards Currently 2/24/2021
ERCOT cited in their review of the Texas February 2021 cold-weather event that "Generation owners and operators are not required to implement any minimum weatherization standard or perform an exhaustive review of cold weather vulnerability. No entity, including the PUC or ERCOT, has rules to enforce compliance with weatherization plans or enforce minimum weatherization standards."
- 2/24/2021 - ERCOT Review of Feb-21 Extreme Cold Event: 48.6% of Generation Forced Offline
- 2/24/2021 - Exelon Expecting Income Hit of $560-$710MM From Texas Winter Storms in February 2021
- 2/22/2021 - Brazilian Watchdog Launches Investigation Into Recent Change of Petrobras CEO
- 2/22/2021 - Just Energy Expecting "Substantial Negative Financial Impact" From Texas Weather Event; Issues Going Concern Notice
- 2/19/2021 - TRRC Express Doubts That They Can Enforce the Restriction of Gas Exports from Texas
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Upstream
2/25/2021 - Tellurian Reports 2020 Haynesville Production of 46 Mmcfe/d; Rising +22% Y/Y
2/25/2021 - Pioneer Natural Resources Issues 2021 CapEx Guidance of $2.4-$2.7 Billion; Fully Funded Within Cash Flow
2/23/2021 - Shell Delays PowerNap & Vito Gulf of Mexico Start Ups to 2022
2/18/2021 - Antero Resources Shifts to Maintenance Capital Plan for 2021 - Budget Set at $635MM
2/18/2021 - Crescent Point Energy Acquires Shell's Kaybob Duvernay Assets for $900MM
2/17/2021 - EQT Reports 4Q20 Production of 4.36 Bcfe/d; Rising 10% Q/Q
2/17/2021 - Oklahoma Corporation Commission Approves Order to Redirect Gas to Power Gen & Heating Needs
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Midstream
2/24/2021 - Enable Expecting Gulf Run Pipeline to Receive FERC Certificate in 'Coming Months'
2/22/2021 - Ukraine Sanctions Opposition Party Leader & Takes Control of Regional Fuel Pipeline
2/22/2021 - Energy Income Partners Objects to TC Energy/TC PipeLines Merger
2/19/2021 - DTE Progressing on Spin-Off Plans for Midstream Business; Targeting Mid-2021 Completion
2/10/2021 - Trans Mountain Restarts Work on Expansion Project After Two Month Delay
2/8/2021 - Nord Stream 2 Developers Begin Laying Pipe in Danish Waters
1/29/2021 - Genesis Energy Delays CHOPS Restart to February 4, 2021
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LNG
2/25/2021 - Redwood Markets Launches U.S. LNG Cargo Date Swaps in Trading Platform
2/24/2021 - Cheniere Expecting CCL Train 3 Online in "Coming Weeks" and SPL Train 6 in 2H22
2/18/2021 - TC Energy Expecting Significant Cost Increases & Delays on Coastal GasLink Project
2/11/2021 - Venture Global Secures $500MM Term Loan to Fund pre-FID Work on Plaquemines LNG
2/11/2021 - GAIL Planning to Halt Sales of US Sourced LNG to Other Nations by 2023
2/10/2021 - ICE Launching LNG Freight Futures Benchmark
2/1/2021 - NextDecade Cancels Plans for Galveston Bay LNG Project
Current Research
Natural Gas
- Natural Gas Highlights - 2/26/2021
- Daily Energy News (free) - 2/26/2021
- LNG Export Report - 2/26/2021
- Southeast Pipeline Flow Analysis - 2/26/2021
- Northeast Pipeline Flow Analysis - 2/26/2021
- Midwest Pipeline Flow Analysis - 2/26/2021
- South Central Pipeline Flow Analysis - 2/26/2021
- West & Rockies Pipeline Flow Analysis - 2/26/2021
- Fundamental Natural Gas Report - 2/26/2021
- European Daily LNG Import Storage Report - 2/26/2021
- Early Look Natural Gas Updates - 2/26/2021
- Weekly Midstream Project Updates - 2/22/2021
- LNG Biweekly Highlights - 2/9/2021
Crude Oil
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Crude Oil Highlights - 2/26/2021
Power
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Daily EIA Power Stack Report - 2/26/2021
Criterion's News Feed
- Pembina Books $1.6B Write-Down on Jordan Cove and CKPC Joint Venture Projects - 2/26/2021
- Pembina Expecting Prince Rupert Terminal Online in 1Q21; FID on Expansion Planned in 2H21 - 2/26/2021
- Pembina Completes Start-Up of Duvernay II Gas Processing Plant in 4Q20 - 2/26/2021
- Pembina Completes Start-Up of New Empress NGL Extraction Facilities During 4Q20 - 2/26/2021
- EOG Running 22 Rigs in 2021; 8 Completion Spreads & 500 Net Completions - 2/26/2021
- EOG Targeting 10-12% BOE Growth in 2022-2023 - 2/26/2021
- EOG Increases Premium Inventory Well Count to 11,500 for November 2020 - 2/26/2021
- EOG Maintaining Crude Production at 440 Mbbl/d in 2021; CapEx Totaling $3.7-$4.1B - 2/26/2021
- EOG Reports 4Q20 Capital Spending of $829MM; FY20 Spending of $3.5B - 2/26/2021
- EOG Reports 4Q20 Production of 802 Mboe/d; Rising 12% Q/Q - 2/26/2021
- ADNOC Acquires Six VLCC's to Support Trading Business - 2/26/2021
- Delaware River Basin Commission Bans Hydraulic Fracturing in River Basin - 2/26/2021
- SK Group Invests $1.6B Into Hydrogen Company Plug Power - 2/26/2021
- Max Midstream Conducting Open Season on Seahawk Pipeline System - 2/26/2021
- Williams Prices Offering of $900MM in Senior Notes due 2031 - 2/26/2021