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Monday, December 24, 2012

Monday Morning Energy Links

Update on wells coming off confidential list over weekend and today have been posted. See below.  

Rare Christmas Day snow forecast for Dallas. Yup, all that global warming. 

RBN Energy: This is Part 5 in RBN's series covering crude oil terminals in the Gulf Coast region.
The Louisiana Offshore Oil Port (LOOP) is the nation’s largest waterborne crude oil import terminal. Capable of handling 1.2 MMb/d of crude throughput and with associated storage topping 67 MMBbl, LOOP is connected by pipeline to 50% of the nation’s refineries. As shale crude and increasing Canadian imports rush toward the Gulf Coast pushing out waterborne imports, the terminal needs to redefine its future.  Today in the first of two blogs on LOOP we look at how the port operates today.
The Newfield well that blew out on Friday night was capped early last evening (Sunday).

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This may be a stand-alone post later: a nice two-part series on plunging price of electricity. Putting pressure on wind and coal.
But the lowest wholesale electricity prices in 15 years are definitely making waves in the power-production industry in Montana, as some coal mines, coal-fired generators and wind developers scratch to stay profitable in the down market.
Greatest country on earth.

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For investors only: Oasis set to take off -- Steve Zachritz at SeekingAlpha.com

EOG continues to shift to oil; sells LNG terminal; Chevron Canada will purchase
Under the terms of the agreements, Chevron Canada Limited will acquire all of the interests currently owned by affiliates of EOG Resources Canada Inc. and Encana Corporation in the proposed Kitimat LNG Project and PTP. 
Thereafter, Chevron Canada Limited will equalize interests with an Apache Corporation subsidiary, resulting in Chevron Canada Limited and Apache each holding a 50 percent interest in both the Kitimat LNG Project and PTP. Operatorship of both facilities will transfer to Chevron Canada Limited. 
The proposed two-train Kitimat LNG Project, currently progressing through the Front-End Engineering and Design (FEED) phase, has a Canadian National Energy Board license to export 10 million tons per annum of LNG. Additionally, Chevron Canada Limited will acquire approximately 110,000 net acres in the established Horn River Basin from Encana, EOG and Apache, and approximately 212,000 net acres in the Liard Basin from Apache. Chevron Canada Limited and Apache will each hold a 50 percent interest and Apache will operate these two natural gas resource developments.
For more on LNG processing units, called "trains," click here.  It appears EOG acquired the Kitimat terminal back in 2010

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