Recent News
Shell Reportedly Reviewing Potential Sale of Permian Basin Assets 6/14/2021
Reuters released a report that Shell is now looking into the potential sale of part of all of their Permian Basin holdings, which accounts for 6% of the major's 2020 output and could fetch up to $10 billion.
In their net-zero 2050 strategy, the Permian was listed as a key basin but that may change since Shell recently agreed to a Dutch court order to cut emissions by 45% through 2030.
Ring Energy Reaffirms Borrowing Base at Current Level of $350 Million 6/11/2021
Ring Energy reported that lenders have reaffirmed their borrowing base at the current level of $350 million. They also eased up on the hedging requirements for Ring, allowing them to slide from 4.0 Mbbl/d to 3.1 Mbbl/d.
- 6/10/2021 - Cheniere Collaborating with Five Natural Gas Producers to Verify GHG Emissons
- 6/10/2021 - Oxy Divesting Non-Core Permian Assets for $508MM - Includes 25,000 Net Acres
- 6/9/2021 - First Solar Constructing 3.3 GW/Annum, $680MM Solar Panel Factory in Ohio
- 6/8/2021 - Pembina & Haisla Nation Partner on Proposed Cedar LNG Project in British Columbia; FID Targeted for 2023
- 6/8/2021 - Contango Oil & Gas Merging with KKR-Backed Independence Energy in All-Stock Deal
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Upstream
5/25/2021 - U.S. Well Services Pivoting to All-Electric Frac Fleet by 4Q21
5/13/2021 - Ascent Resources Utica Issues 1Q21 Hedging Update
5/11/2021 - Occidental Forecasting 2Q21 Permian Production of 490-500 Mboe/d; Running 4 Net Rigs for Balance of Year
5/11/2021 - Occidental Remains Focused on Maintaining Production & Debt Reduction
5/7/2021 - Enerplus Targeting 3-5% Annual Liquids Growth from 2022-2025
5/5/2021 - Devon Remains "Unwavering in Commitment to Capital Discipline" After 1Q21
5/5/2021 - Comstock Maintains 2021 CapEx Guidance of $510-$550MM; Placing Online 49 Net Wells
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Midstream
6/8/2021 - Third Coast Midstream Divests Stake in Lighthouse Super Holdings
6/8/2021 - PHMSA Releases Advisory Bulletin to Pipeline Industry Focused on Reducing Methane Leaks & PIPES Act
5/25/2021 - Medallion Pipeline Commences Non-Binding Open Season on EPIC Crude Pipeline After Old Contract Terminated
5/7/2021 - Pembina Progressing on Peace Pipeline Phase VII Expansion for 1H23 Completion
5/5/2021 - NuStar Energy Reports Return of Refined Product Demand on System to 100% of Pre-COVID Levels
5/4/2021 - Equitrans Midstream Targeting Summer 2022 Completion Date for MVP Project
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LNG
6/8/2021 - Cryopeak LNG Completes 27K Gal/Day Mini-LNG Plant in Fort Nelson, BC, Canada
6/7/2021 - IGU 2021 World LNG Report: Global Liquefaction Capacity Reached 452.9 Mtpa in 2020
6/3/2021 - Novatek Signs HoA Gas Supply Deal with China's Zhejiang Energy & Glencore for Up to 1.5 Mtpa
6/2/2021 - Sempra Working on Second LNG Export Project in Mexico: 3-4 Mtpa Vista Pacifico LNG Project
6/2/2021 - Tellurian's Co-Founder Charif Souki "Highly Confident" Construction Would Start in Summer 2021
5/18/2021 - Woodside Petroleum Selling 50% Stake in Proposed Kitimat LNG Project in Canada
5/13/2021 - Pieridae Gives 1Q21 Update on Goldboro LNG Development; Planning FID in Late-June 2021
Current Research
Natural Gas
- Natural Gas Highlights - 6/14/2021
- Daily Energy News (free) - 6/14/2021
- Criterion Research Industry Alerts - 6/14/2021
- LNG Export Report - 6/14/2021
- Southeast Pipeline Flow Analysis - 6/14/2021
- Northeast Pipeline Flow Analysis - 6/14/2021
- Midwest Pipeline Flow Analysis - 6/14/2021
- South Central Pipeline Flow Analysis - 6/14/2021
- West & Rockies Pipeline Flow Analysis - 6/14/2021
- European Daily LNG Import Storage Report - 6/14/2021
- European Daily Gas Storage Report - 6/14/2021
- Fundamental Natural Gas Report - 6/14/2021
- Early Look Natural Gas Updates - 6/14/2021
- Natural Gas Storage Update - 6/11/2021
- Weekly Midstream Project Updates - 6/7/2021
- LNG Biweekly Highlights - 6/1/2021
Crude Oil
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Crude Oil Highlights - 6/14/2021
Power
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Daily EIA Power Stack Report - 6/14/2021
Criterion's News Feed
- Comanche Peak Unit 2 Remains Offline Amid Onsite Issues - 6/14/2021
- Ukraine Preparing Legal Action Against Gazprom to Access Central Asian Gas Supply - 6/14/2021
- Waterous Energy Fund Closes on Combination of Strathcona Resources & Osum Oil Sands - 6/14/2021
- Exxon Loses Two Veteran Oil Traders from U.S. Group; Third Leaves British Desk - 6/14/2021
- BP Considering Spinning Off Iraqi Assets Into Stand-Alone Company - 6/14/2021
- Comstock Resources Offering Senior Notes due 2030 via Private Placement - 6/14/2021
- Iran & U.S. Reportedly Reach Broad Agreement/Outline to Lift Sanctions - 6/14/2021
- Earthstone Energy Adds Bundle of Eagle Ford Assets for $48 Million - 6/14/2021
- EDF Concerned About Inert Gas Buildup at Chinese Nuclear Power Plant - 6/14/2021
- Energy Majors Make Bids to Partner on Qatar LNG Expansion Projects - 6/14/2021
- Shell Reportedly Reviewing Potential Sale of Permian Basin Assets - 6/14/2021
- PG&E Reclassing 51,098 MMcf of Stored Gas as Cushion/Base Gas - 6/11/2021
- Hull Street Energy Closes on Acquisition of 96-MW Fast Start Waterbury Gas Plant from ENGIE - 6/11/2021
- Sempra Signs MoU with U.S. Dept. of Energy to Jointly Develop Net -Zero Energy System - 6/11/2021
- White House Reportedly Considering Relief for U.S. Oil Refiners - 6/11/2021