Pipelines
Constitution Pipeline Headwinds, Recovering U.S. Oil & Gas Production: Your Daily Energy News
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PIPELINES
New York Regulators Oppose Filings for Constitution Natural Gas Pipeline - New York's environmental regulator said on Wednesday that it filed with federal energy regulators to oppose Williams Companies' (Tulsa, Oklahoma) Constitution Pipeline's bid to revive a permit to build the proposed, previously canceled natural gas pipeline from Pennsylvania to New York. Constitution recently petitioned the U.S. Federal Energy Regulatory Commission (FERC) to reissue a Certificate of Public Convenience and Necessity, a required permit for the construction of the controversial pipeline. The New York State Department of Environmental Conservation said in its filing to FERC on Wednesday that it opposed Constitution's request, saying the move would override the state agency's oversight authority under the Clean Water Act. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports. (Reuters)
PRODUCTION
U.S. Oil & Gas Production Recovers After Storm Ravages Output - U.S. crude oil and natural gas producers were bringing wells back online on Wednesday following a severe winter storm that swept across the country over the weekend, straining energy infrastructure and power grids. Domestic crude output on Wednesday afternoon was estimated to be down around 600,000 barrels per day (BBL/d), roughly 4% of total output, according to consultancy Energy Aspects, compared with a peak loss of 2 million BBL/d on Saturday. The Permian Basin in Texas and New Mexico, which accounts for around half of U.S. crude oil production, was down around 250,000 BBL/d according to Energy Aspects, also roughly 4% of the shale play's output. Nearly all of North Dakota's crude production that was lost due to cold weather was back online as of Wednesday, according to Justin Kringstad, director of the North Dakota Pipeline Authority. The state had lost around 80,000-110,000 BBL/d of crude oil output due to the storm. (Reuters)
NATURAL GAS & LNG
EU Draft Legislation Shows U.S., Qatar Gas Exempted from Extra Checks - The European Union (EU) will exempt gas from key suppliers including the U.S. and Qatar from extra checks under its upcoming Russian gas ban, a draft European Commission document seen by Reuters showed. EU countries gave their final sign-off this week to the bloc's legally-binding plan to phase out Russian gas imports by late 2027, allowing it to pass into law. To enforce the ban, the EU will subject shipments of gas and liquefied natural gas (LNG) from non-Russian countries to "prior authorisation"--meaning that companies must provide European customs authorities with proof of the gas' production country five days before it arrives in the EU. However, that requirement will be waived for major existing suppliers and for countries where the EU deems the risk of Russian gas entering their exports to be low. The countries granted this exemption will be the U.S., Norway, Qatar, Britain, Algeria and Nigeria, according to the draft document. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
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