Recent News
Russia Plans Resumption of Nord Stream 2 Work Before Year-End 2020 11/30/2020
Russia announced that they still intend to resume work on the final stretch of the Nord Stream 2 Gas Pipeline before year-end 2020, with just 120km of the 1,230km pipe remaining. No details were given on when or how they planned to get back to work on the line.
Contango Oil & Gas Acquiring 182K Net Acres & 7.5 Mboe/d in Production for $58MM 11/30/2020
Contango Oil & Gas has reached a deal to purchase an oil & gas asset package in the Big Horn, Permian and Powder River Basin for $58 million, which includes 7.5 Mboe/d (>55% liquids) in production spread across 182,000 net acres. The assets have 18.3 MMboe in PDP reserves and are 100% held by production. The deal was made via a bank-owned liquidation of assets.
The acreage includes positions in the Elk Basin Field (Big Horn Basin) with 2 Mboe/d in production and the Permian Basin with 3.8 Mboe/d in production. Closing is planned for December 31, 2020.
- 11/25/2020 - Enbridge Holding Open Season for M12 Firm Transport Service Starting in 2023
- 11/25/2020 - Enbridge Challenges Michigan Shutdown of Line 5 in Federal Court
- 11/23/2020 - Chevron Restarts Service on Gorgon LNG Train 2; Train 1 Taken Offline
- 11/20/2020 - FourPass Energy Partners w/ Oaktree Capital Management with $900MM Pledge to Acquire Oil-Weighted Assets
- 11/19/2020 - Invenergy Now Building 1,310-MW Solar Power Facility in Northeast Texas
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Upstream
11/30/2020 - Repsol Lays Groundwork Growing Renewables Business Through 2030
11/30/2020 - Obsidian Energy Restarts Cardium Development Program; Releases Updated 2020 CapEx & Production Guidance
11/20/2020 - Oil Search Planning 2021 FID on 80 Mbbl/d Alaskan Pikka Project
11/18/2020 - Lundin Energy Tests Johan Sverdrup Capacity at 500 Mbbl/d
11/13/2020 - Ghana Asking Eni to Merge Offshore Discovery with Another Local Field
11/12/2020 - Ascent Resources Utica Reports Net 3Q20 Production of 2 Bcfe/d; Curtailed 210 Mmcfe/d
11/11/2020 - Oasis Petroleum Reports Court Approval of Pre-Packaged Chapter 11 Plan
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Midstream
11/16/2020 - SOCAR Begins Commercial Operations on Trans Adriatic Pipeline (TAP) to Connect Gas Supply to Italy
11/13/2020 - Enbridge Line 3 Replacement Receives Key Permits in Minnesota
11/12/2020 - Easton Energy Acquires Exxon's South Texas PetChem Pipeline System
11/12/2020 - TC Pipelines North Baja Xpress Subject to Sempra FID in 4Q20
11/8/2020 - Plains All American Targeting Diamond Expansion Online in 4Q21, Capline Reversal in 1Q22
11/6/2020 - Enbridge 3Q20 Update on Line 3 Replacement Project
11/5/2020 - Energy Transfer Expecting Mariner East, Orbit & Other NGL Expansions Online by Year-End 2020
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LNG
11/24/2020 - Venture Global Awards KBR EPC Contract for Plaquemines LNG Project
11/20/2020 - Elba's Unit 2 Still Offline Following May 2020 Fire
11/18/2020 - TechnipFMC Recieves Notice to Proceed on Sempra's Energia Costa Azul Project
11/13/2020 - Squadron Energy Secures Lease Site for Proposed $250MM Australian LNG Import Terminal
11/12/2020 - BP & Kosmos Scale Back LNG Development Plans for Greater Tortue Ahmeyim
11/9/2020 - China's Foran Energy Signs 26 Cargo Agreement with Cheniere Energy Through 2025
11/6/2020 - NextDecade Still Targeting 2021 FID on Rio Grande LNG Despite Engie Backing Out
Current Research
Natural Gas
- LNG Export Report - 12/1/2020
- Southeast Pipeline Flow Analysis - 12/1/2020
- Northeast Pipeline Flow Analysis - 12/1/2020
- Midwest Pipeline Flow Analysis - 12/1/2020
- South Central Pipeline Flow Analysis - 12/1/2020
- West & Rockies Pipeline Flow Analysis - 12/1/2020
- Fundamental Natural Gas Report - 12/1/2020
- Early Look Natural Gas Updates - 12/1/2020
- Daily Energy News (free) - 11/30/2020
- Natural Gas Highlights - 11/30/2020
- Weekly Midstream Project Updates - 11/30/2020
- LNG Biweekly Highlights - 11/17/2020
Crude Oil
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Crude Oil Highlights - 11/30/2020
Criterion's News Feed
- Minnesota Issues Final State Permit for Enbridge Line 3 Replacement - 11/30/2020
- Islamic State Claims Responsibility for Rocket Attack on Iraqi Oil Refinery - 11/30/2020
- Russia Plans Resumption of Nord Stream 2 Work Before Year-End 2020 - 11/30/2020
- Repsol Lays Groundwork Growing Renewables Business Through 2030 - 11/30/2020
- Norway's DNV GL Suspends Work on Nord Stream 2 Amid Sanction Fears - 11/30/2020
- FERC Approves NRG Acquisition of Direct Energy - 11/30/2020
- Qatar's LNG Exports Slowing Amid Maintenance at Ras Laffan Trains 4-5 - 11/30/2020
- Arctic LNG 2 Project Reportedly at 29% Completion - 11/30/2020
- Belarus Proposing 25% Tariff Increase for Russian Oil Transits Across Nation - 11/30/2020
- NCS Multistage Holdings Effecting 1-for-20 Reverse Stock Split - 11/30/2020
- Iraq Extends Bid Deadline for Crude Oil Prepayment Deal - 11/30/2020
- BHE Canada Books Turbine Supplier for Rattlesnake Ridge Wind Project in Alberta - 11/30/2020
- Energy Transfer Repurposing Part of Mariner East 1 Pipe to Flow Into PA - 11/30/2020
- Exxon & Total Discussing Resource-Sharing Deal in Mozambique - 11/30/2020
- Imperial Oil Cutting 200 Jobs Amid Cost Cutting Efforts - 11/30/2020