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 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."
2/25/2021 - 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
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
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