Locator: 50051LNG.
Weather: wow, in the background, CNBC this a.m. -- it's still snowing hard in NYC!
LNG: link here.
Showing posts with label US_Crude_Oil_Export_Terminal_List. Show all posts
Showing posts with label US_Crude_Oil_Export_Terminal_List. Show all posts
Wednesday, February 25, 2026
Tuesday, May 18, 2021
Three Wells Coming Off The Confidential List; WTI Trending Toward $67; Active Rig Count Stays Steay At 19 -- May 18, 2021
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
Data I'm most interested in today: CDC Covid-19 vaccine data.
Biggest story yesterday: Biden's cash-to-kids program, monthly check starting July 15, 2021, through the end of the year:
- six years of age and under: $300 / month
- over six years of age: $250 / month
- does anyone really think the politicians will end this program, January, 2022? Every US rep up for re-election in the mid-term elections (2022).
Story of the day: Walmart
- blow-out earnings
- guidance raised;
- shares in pre-market trading: WMT up almost $5/share; up almost 4%;
The market:
- CVX: why is it down? Warren Buffett just sold half of his holdings; not a "sell" and could soon be a "buy." It really is amazing how much Buffett can affect an individual stock.
- Brent: breaks $70; this is a big deal. Chart of the day.
- WTI: trending toward $67.
- oil will face a supply crisis before demand peaks: opinion -- oilprice.
- dollar: breaks below 90 -- probably the major reason why oil is where it is
- copper: are folks paying attention? Link to Irina Slav;
- one monster offshore wind turbine needs 63,000 lbs of copper
ATT:
- it will come out of this just fine; on this one I think pundits are absolutely wrong; this will be interesting to follow; of course the dividend will be "re-sized"; why wouldn't it be after a deal this big? Could be a great trading stock; possibly a great long-term stock. It will be interesting to see SeekingAlpha articles on same. Jim Cramer rant here.
They're reading the blog:
- posted the other day:
- that's the problem with Apple TV. It has no content. I subscribe to Apple TV (still for free. Well, almost free: one cent per month). Apple needs to do something and needs to do something this year if it wants to "save" Apple TV. Every month it waits, the gap between Apple and Amazon, and the gap between Apple and Netflix widens. At some point the moat may be too big for Apple to bridge. Especially if Amazon acquires the MGM catalogue.
- today's news: Amazon looking to buy MGM catalogue;
EVs: "While you were distracted by Elon vs Bitcoin the last few days, Nikola quietly manufactured another 0 vehicles." -- Chadford Whitmore VI. Link here.
Other:
- Amazon looking to buy MGM; would the regulators allow this? If Hunter Biden is on the board, it will be a slam dunk.
- Apple unboxing: over at Macrumors.
LNG:
- US exports won't be able to keep up with Asian demand;
- chokepoint: Panama Canal
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Back to the Bakken
Active rigs:
| $66.58 | 5/18/2021 | 05/18/2020 | 05/18/2019 | 05/18/2018 | 05/18/2017 |
|---|---|---|---|---|---|
| Active Rigs | 19 | 14 | 66 | 61 | 52 |
Three wells coming off the confidential list -- Tuesday, May 18, 2021:
- 37541, drl/NC, BR, Don Juan 3C-UTFH, ULW, Dimmick Lake, first production, t--; cum --;
- 36993, 3,442, MRO, Leiderbach 11-27H, Chimney Butte, t11/20; cum 153K 3/21; see this note;
- 36126, drl/NC, Slawson, Stalion 4-1-12TFH, Big Bend, first production, t--; cum --;
RBN Energy: the impact of decarbonization efforts on the LNG industry.
On the surface, it may seem that the LNG market has normalized after the past year’s tumult, and it’s true that many of the day-to-day disruptions that plagued LNG offtakers and operators have subsided. Mass cargo cancellations are a distant memory, and U.S. LNG exports have been flowing at record levels. Global demand has recovered, and buyers are back to worrying more about what they normally worry about: storage refill and securing enough supply for the next winter. However, in other ways, the pandemic and the more decisive shift toward decarbonization measures in many ways have fundamentally changed how deals for future LNG development will get done. Today, we look at what the global initiative to reduce greenhouse gas emissions will mean for LNG project financing.
The LNG industry has been impacted by three major events in the last 18 months, all of which have implications for the future of the industry in the short-, medium-, and long-term. Firstly, the initial wave of U.S. LNG projects, centered on the U.S. Gulf Coast, has now reached full production capacity, running at rates equivalent to about 10.5 Bcf/d (80 Mtpa), or approximately 20% of global LNG demand in 2020, with the first of the early second-wave projects due to begin exporting later this year. The second major event was brought on by the pandemic and the resulting demand destruction. U.S. LNG suffered from cargo cancellations as a result of COVID-19, which limited exports from the Lower 48 last year to an annual average of 6.5 Bcf/d (49 Mtpa). So far in 2021, there is no sign that there will be a repeat of last year’s cargo cancellations as LNG prices in global markets have been robust, notwithstanding the boost in supply. However, 2020’s global LNG market was essentially unchanged from 2019, growing by less than 1%, versus original market expectations of 4-5%. As such, the demand curve for LNG has shifted to the right by at least one and, more likely, two years, before the anticipated growth trajectory resumes. During this period, sponsors of renewable energy projects havemaintained much of their momentum, and that growth in renewable energy will serve to reduce the plateau or peak demand for LNG as the world pursues decarbonization strategies — which is the third factor that will impact LNG, and the focus of our discussion today. In particular, the current market environment and push for decarbonization are upending traditional approaches to funding and capacity commitments for new developments.
Tuesday, December 10, 2019
Enbridge Joins EPD -- SPOT -- Texas -- December 10, 2019
Some of this has been reported previously, but if I understand this correctly, what was once a sole EPD project, Enbridge has now been brought on. Posted elsewhere:
December 10, 2019: from Rigzone --
Enbridge Inc. and Enterprise Products Partners L.P. have agreed to jointly develop and market a deepwater offshore crude oil export terminal capable of fully loading very large crude carrier (VLCC) vessels, Enbridge reported Monday, December 9, 2019.The companies have signed a letter of intent under which they will finalize an equity participation agreement granting Enbridge an option to purchase an ownership interest in Enterprise’s Sea Port Oil Terminal (SPOT) if SPOT receives a deepwater port license.
That last paragraph is why this gets a stand-alone post: this is an important development for the Bakken.Enterprise also noted the SPOT project would comprise onshore and offshore facilities including a fixed platform approximately 30 nautical miles off the Brazoria County, Texas, coast in approximately 115 feet of water. The company added that SPOT would be designed to load VLCCs at rates of approximately 85,000 barrels per hour – equating to approximately 2 million barrels per day.Enbridge’s involvement in SPOT will help the company provide its North American light and heavy crude customers with access to the Houston-area refining market and growing global demand.
Tuesday, July 9, 2019
Making America Even Greater Tomorrow -- July 9, 2019
Updates
December 10, 2019: from Rigzone --
Enbridge Inc. and Enterprise Products Partners L.P. have agreed to jointly develop and market a deepwater offshore crude oil export terminal capable of fully loading very large crude carrier (VLCC) vessels, Enbridge reported Monday, December 9, 2019.
The companies have signed a letter of intent under which they will finalize an equity participation agreement granting Enbridge an option to purchase an ownership interest in Enterprise’s Sea Port Oil Terminal (SPOT) if SPOT receives a deepwater port license.
Enterprise also noted the SPOT project would comprise onshore and offshore facilities including a fixed platform approximately 30 nautical miles off the Brazoria County, Texas, coast in approximately 115 feet of water. The company added that SPOT would be designed to load VLCCs at rates of approximately 85,000 barrels per hour – equating to approximately 2 million barrels per day.
Enbridge’s involvement in SPOT will help the company provide its North American light and heavy crude customers with access to the Houston-area refining market and growing global demand.
Original Post
Some years ago, RBN Energy provided a "what's coming" list with regard to LNG export terminals for the US. Now, RBN Energy is providing a similar list regarding new offshore crude oil terminals.
The key word there: offshore.
From RBN Energy today:
While expansion projects at onshore terminals allow their developers to build off of existing infrastructure, what they cannot do — at least so far — is enable their docks to fully load deep-draft, 2-MMbbl VLCCs, which are the most cost-efficient waterborne means for transporting crude long distances (like from the Gulf Coast to Asia).
To fill a VLCC to the gills, you need more than 72 feet of draft, and to get that along most of the Texas and Louisiana coast, you typically have to go out at least several miles. Hence, the growing importance of deepwater offshore terminals like the Louisiana Offshore Oil Port (LOOP), which since the early 1980s has been receiving VLCCs fully laden with foreign crude — and since early 2018 has been sending out a small but growing number of VLCCs filled to the brim with U.S.-sourced oil.
LOOP is still the only Gulf Coast facility capable of fully loading VLCCs.
Otherwise, VLCCs exporting crude are generally reverse lightered in specified deepwater lightering areas in the Gulf — a couple of onshore terminals (Moda Midstream’s Ingleside facility near Corpus Christi, and Seaway’s Texas City terminal) can load VLCCs about halfway at their docks, then top them off via reverse lightering.The initial round:
- EPD: a 2-million bopd Sea Port Oil Termianl (SPOT) 30+ miles off the coast of Brazoria County, TX
- Enbridge/Oiltanking: a proposed 2-million bopd Colt Offshore Loading Terminal about 30 miles south of Freeport, TX
- Jupiter MLP: a 1-million bopd terminal project six miles off Brownville, TX
- Tallgrass Energy: a proposed 1-million bopd terminal near the mouth of the Mississippi River and Venice, LA
- Trafigura: a proposed 0.5-million Texas Gulf Terminal 15 miles off Corpus Christi
- Carlyle Group: Lone Star Ports, onshore crude export terminal on Harbor Island, near the entry to the Corpus Christi Ship Channel; would deepen the channel entry to 75 feet to allow full loading of VLCCs
- Sentinel Midstream: a proposed 1-million bopd Texas GulfLink project; 33 miles off the coast of Freeport, TX
- Phillips 66: a proposed 1-million bopd Bluewater Texas Terminal (Bluewater, for short); 17 miles off Corpus Christi
So, let's add up the "export capacity" for the above listed proposed projects:
- EPD: 2
- Enbridge: 2
- Jupiter: 1
- Tallgrass: 1
- Trafigura: 0.5
- Carlyle (onshore): unknown, but let's call it 1 million b/d
- Sentinel: 1
- Phillips 66: 1
- Total: almost 10 million bopd new export capacity
Just imagine when the rest of the world runs out of oil (as predicted by the Peak Oilers) and the US government applies a $25/barrel tax on all outgoing crude oil to pay for "Medicare For All." Something tells me Occasional-Cortex will be able to do the math by then. Okay, I'm joking (choking?) on that one.
What a great country.
Wednesday, October 12, 2016
List Of Potential US LNG Export Facilities -- RBN Energy -- October 12, 2016
Sources
Updates
Port Arthur, TX: Sempra, Saudi Aramco -- joint ventures and expansions. Update: on hold -- May 22, 2020.
EIA: US liquefaction capacity additions by project and train, release date -- March 2, 2017
EIA: US liquefaction capacity additions by project and train, release date -- March 2, 2017
Cameron: to expand; update; Sempra, April 4, 2022.
Driftwood: near FID.
How close is Cheniere to FID on further expansion, March 8, 2022.
Cheniere has sold out all LNG through 2040, March 7, 2022.
Sabine Pass train 6 commissioned, November 1, 2021.
US LNG: FERC authorizes / okays feedgas flows to Sabine Pass train 6. Link here.
September 19, 2021: Cheniere Energy, Inc: asked for FERC approval for a sixth train
at Sabine Pass LNG in Louisiana. Approval was requested by Tuesday,
September 21, 2021 (good luck with a Dem-dominated FERC). Train 6 is
expected to be complete in 1Q22. Link here.
September 2, 2021: Golden Pass, Sabine; first liquefaction train; joint venture, Qatar and XOM; in-service, 2024. Link here.
August 26, 2021: US LNG exports smashing records.
May 18, 2021: update of export terminals.
March 19, 2021: US LNG feedgas demand sets another all-time record. Venture Global LNG's Calcasieu Pass terminal, Louisiana, slated to ship first cargo later this year. Cal-cashew.
March 16, 2021: floating liquefaction natural gas export terminals. At same link, Gibbstown, NJ.
November 12, 2020: Calcasieu Pass update. Huge story.
August 31, 2020: contractor to resume construction at Sabine Pass' Train 6 and the Third Berth project following Hurricane Laura one week ago.
August 13, 2020: update on Tellurian's Driftwood facility here.
May 22, 2020: Sempra Energy delays decision on Part Arthur, TX, project. Saudi Arabia delays decision on securing five huge LNG tankers scheduled for loading in 2025. Link here.
May 20, 2020: Cameron's train 3 starts producing LNG; Hackberry, LA.
September 9, 2019: behind schedule? In the graphic above, EIA shows Cameron to have "T3" by 3Q19. A couple of weeks ago, SRE announced that the first train of the Cameron LNG liquefaction-export project had initiated service, located in Hackberry, LA. The article does confirm that the Cameron facility will have three trains. It's hard to say from the story, but it sounds like the capacity of all three trains combined is 12 million tonnes per annum of LNG, or nearly 1.7 billion cubic feet per day. Conversion at this site.
September 4, 2019: Cheniere declares 2nd train at CC completed; this marks Cheniere's 7th train at CC and Sabine Pass; a 3rd train at CC under construction; estimated completion, 2H21; at Sabine Pass, Cheniere has announced it will build a sixth train. Total now projected: 9. Note: in the graphic above only five trains were projected as of 3Q19.
June 3, 2019: Cheniere to add 6th train at Sabine Pass, Louisiana. Note: in the graphic above only five trains were projected as of 3Q19.
May 30, 2019: of all the proposals in the original list, the most prominent one likely not to proceed any time soon is the G2 LNG proposal for a liquefaction/LNG export facility; up to 14 MTPA; Cameron Parish; according to a 2019 - 2010 Louisiana Economic Outlook white paper.
May 30, 2019: update on the Rio Grande LNG project at this post; this project was on the original list (scroll down).
May 29, 2019: three new LNG export facilities near New Orleans, LA; Venture Global; two of the three were in the original list below;
May 23, 2019: update -- Sempra Energy begins operations at its Cameron export terminal.
May 6, 2019: update -- Sempra's Port Arthur LNG wins federal "okay" to start exports. SeekingAlpha -- can export to countries that don't have a free trade agreement with the US; SRE can export almost 2 billion cfpd; two liquefaction trains. SRE to make FID later this year.
April 19, 2019: update -- a Florida project hits a milestone; Tellurian and Sempra updated.
February 11, 2019: update -- link here --
April 16, 2019: SRE's Cameron LNG has begun pipeline feed gas flow to the first liquefaction train of the liquefaction-export project as it prepares to begin production of liquefied natural gas (LNG) at the facility in Hackberry, La. This is the final commissioning step for Train 1 of Cameron LNG Phase 1.
December 16, 2018: Qatar plans to expand.
November 2, 2018: Cameron/SRE/Louisiana -- commissioning process begins.
August 14, 2018: Cheniere ready to fire up its second LNG export terminal; Corpus Christi; will be country's third export terminal; many others under construction. If you add up the capacity in the graph above dated March 2, 2017, it adds up to 7.1 Bcf/day. Now, Platts estimates 4 Bcf/day by the end of the year (2018) and 8 Bcf/day by the end of 2019.
May 23, 2018: see November 14, 2017, update below. Cheniere okays third train at Corpus Christi.
November 21, 2017: Tellurian will build a 20 train LNG facility on Lake Charles for $15 billion ... half the historical price for these plants. The LNG project is the Driftwood, being built by Bechtel.
November 14, 2017: Cheniere to make investment decision over a third planned liquefaction train at its Corpus Christi terminal.
November 4, 2017: Dominion's Cove Point should be up and running this week.
October 27, 2017: update of Sabine; 4th train completed. Pretty awesome.
September 18, 2017: FERC approves Kinder Morgan's Savannah, Georgia, Elba Island LNG export terminal.
May 6, 2017: update. Texans for Natural Gas said in a report that seven LNG export projects proposed or under construction in the state could raise $20 billion or more in tax revenue, create more than 135,000 jobs and have a total economic impact of roughly $145 billion.
April 30, 2017: RBN Energy update. Archived.
- Cheniere Energy's Sabine Pass, southwestern Louisiana: three liquefaction trains are operating; a fourth is gearing up to run; a fifth is nearing completion
- Alaska: newly filed plan by state-owned Alaska Gasline Development Corp to develop a $40-billion-plus LNG export project; would include an 800-mile gas pipeline from Prudhoe Bay to Nikiski, AK; three liquefaction trains at Nikiski; two export loading docks
- second-wave proposals (similar to first-wave projects now in operation at Sabine Pass ; Cameron LNG, Louisiana; Dominion's Cove Point LNG, Maryland; Freeport LNG and Cheniere's Corpus Christi LNG, Texas; all projects feature liquefaction trains with capacities between 4 and 5.2 MTPA each; most are located at existing LNG import terminals, eliminating some of the port-related costs that projects at greenfield sites would face
- Brownsville, TX; and, Texas City, TX: NextDecade LLC's; the tried-and-true approach; each site would have several 4.5-MTPA trains; online in the early 2020s
- Texas LNG Brownsville LLC: a second category of second-wave projects; smaller-scale proposals; trains would have capacities of 1 to 2 MTPA each; at Brownsville: plans to build two 2-MTPA liquefaction trains; some appeal; more interest since first announced
- Another second-wave example: Cheniere's plan to build seven 1.4-MTPA trains to meet the incremental LNG needs of international LNG buyers
- Veresen's Jordan Cove project, Oregon: up to five 1.5-MTPA trains
- third category: the Alaska LNG proposal; would require installing some 800 mies of new, 42-inche-diameter pipeline across Alaska
February 1, 2017: Louisiana's Port Fourchon may add LNG terminal, over at Rigzone.
January 28, 2017: Exelon has applied for an LNG export facility permit for Brownsville, TX.
November 28, 2016: from FuelFix -- see 5th bullet below -- "Tellurian Investments / Driftwood LNG" -- GE has invested a $25 million equity stake in Tellurian Investment's Driftwood LNG project.
Original Post
- Cheniere: to build a sixth 4.5 MTPA liquefaction train at Sabine Pass LNG site
- Cameron LNG: has proposed two additional 4.5-MTPA liquefaction trains at its Hackberry facility south of Lake Charles, LA
- Lake Charles LNG: has proposed a three-train, 16.2-MTPA liquefaction/LNG export facilty in advanced stages
- LNG Ltd: has proposed the development of the Magnolia LNG project; as many as four 2-MTPA liquefaction plants, near Lake Charles [Update, DOE approved, December 2, 2016]
- Tellurian Investments: developing Driftwood LNG, total capacity up to 26 MTPA; also near Lake Charles
- Louisiana LNG Energy LLC: has proposed construction of a 6-MTPA liquefaction/LNG export terminal on Mississippi river southeast of New Orleans
- Venture Global LNG: two proposed liquefaction/LNG export terminals in Louisiana; one 20-MTPA facility and one 10-MTPA facility
- Southern California Telephone & Energy: developing the Monkey Island liquefaction/LNG export project; south of Lake Charles; at least three 4-MTPA trains
- G2 LNG: has proposed a liquefaction/LNG export facility; up to 14 MTPA; Cameron Parish
- CE FLNG: proposed project; two floating LNG vessels; each vessel up to 4 MTPA
- Cheniere: plans to build three more 4.5-MTPA liquefaction trains at its Cheniere's Corpus Christi facility
- Freeport LNG: developing a possible fourth 4.4-MTPA train at its Freeport site; completed; online December 16, 2016;
- Port Arthur LNG, an affiliate of Sempra: leading the development of a proposed two-train, 10-MTPA liquefaction/LNG export terminal along the Sabine-Neches Waterway in Port Arthur; Woodside Petroleum is also participating in this project
- Annova LNG: has proposed a six-train, 6-MTPA liquefaction/LNG export facility planned by Exelon Generation for Brownsville
- Third Point LLC (a NYC-based investment fund) and Samsung Engineering are developing Texas LNG, a proposed 4-MTPA liquefaction/LNG export terminal in Brownsville
- Golden Pass LNG: a joint venture of Qatar Petroleum and Exxon Mobil; a 15.6 MTPA plant at its existing LNG import terminal at Sabine Pass
- Rio Grande LNG, being developed by NextDecade LLC: up to six 4.5-MTPA liquefaction trains and two LNG loading berths along the Brownsville Shipping Channel
- Kinder Morgan: two 5-MTPA trains in Pascagoula; and, a 2.5-MTPA Elba Island project in Chatham County, GA (near Savannah, Georgia)
- Veresen: a proposed 6-MTPA Jordan Cove LNG project in Coos Bay, OR
- Maryland, Cove Point (not mentioned in this RBN article)
- those projects would add more than 220 MTPA of capacity
- those projects would require more than 30 billion cubic feet of gas / day
- it's safe to say, according to RBN Energy, that most of these projects will never get to the FID stage
- RBN Energy: does not imagine more than a few new liquefaction trains would be financed and built by by the mid-2020s
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