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Tuesday, November 16, 2021

Huge Energy Stories Breaking Overnight -- November 16, 2021

Each of these deserves a stand-alone post today. Huge stories breaking overnight. 

  • Canada's TransMountain pipeline -- Canada's only pipeline that carries both crude oil and refined products to the west coast -- is temporarily shut down due to storms, rain, and flooding -- global warming?
  • XOM calls it quits: says it will sall Barnett shale assets in Texas; I've seen $500 million figure;
  • Russia's biggest move yet to take control of European natural gas market: 
  • Germany suspends Nord Stream 2 certification
  • two days ago, COP26 voted to suspend fossil fuel subsidies: overnight Japan announces fossil fuel subsidies to manage surge in prices
    • keep an eye on Japan's power price rally: electricity rates for next-day delivery rose to a record for this time of year 
      • high fuel costs (not news)
      • cloudy weather cuts solar: weak available power supply vs last year
  • the Bakken: huge headline story in the Financial Times: behind a paywall; "The birthplace of America's oil boom a decade ago is struggling to recover from last year's market crash even as crude prices have surged back to $80 a barrel"
    • not to worry: consider the source
    • same ol' stuff
    • article seems to be in response to CLR's entry into the Permian
  • the number of private jet flights has set a record in each of the past six months leading up to COP26 
  • Platts feature on ISO NE
  • Chinese's gambit in North Dakota: more than meets the eye

Links later but need to get ready to walk Sophia to school bus.

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