European Natural Gas Situation Improves -- October 25, 2022

The Far Side: link here.

Active rigs: 43.

WTI:$83.21.

Natural gas: $5.158. Some Permian natural gas is trending toward $0

• European situation reversed
• no place to store more natural gas
• stream of LNG tankers continues
• European storage sites 90+% full
• European autumn significantly warmer than usual

Friday, October 28, 2022: 31 for the month, 31 for the quarter, 476 for the year.
None.

Thursday, October 27, 2022: 31 for the month, 31 for the quarter, 476 for the year.
None.

Wednesday, October 26, 2022: 31 for the month, 31 for the quarter, 476 for the year.
38783, conf, CLR, Bonneville 8-23H,

Tuesday, October 25, 2022: 30 for the month, 30 for the quarter, 475 for the year.
 None.

RBN Energy: Alberta advances multiple carbon storage sites, part 3.  

Capturing carbon dioxide (CO₂) emissions from industrial and oil and gas activities is already a big challenge but having a safe, permanent place to store them is vital if the goal is to meet or exceed emission-reduction targets. To this end, Alberta, home to most of Canada’s oil and gas industry, including the vast oil sands, is steadily advancing plans to develop carbon sequestration hubs and underground reservoirs across the province in parallel with above-ground CO₂ capture plants and pipelines. In separate announcements this year, the province gave the go ahead to 25 projects to develop sequestration hubs and determine if they can achieve commercial viability. In today’s blog, we consider Alberta’s latest efforts to push forward with its emissions capture and storage plans.