RBN Energy (A Novi Labs Company)

Connecting upstream intelligence with energy market fundamentals across North America.

[RBN Energy (A Novi Labs Company) @RBNEnergy]

School of Energy Houston is back!
Register today and save $500 on our early bird rate.

https://t.co/Lad57WI8tJ

Join us September 9–10 at the Thompson Houston for two full days packed with oil, gas, and NGL fundamentals, hands on tools to help you excel in your current role and premium networking at our cocktail reception.
#SchoolofEnergy2026 #RBNEnergy #oil #gas #ngls #EnergyMarkets

[RBN Energy (A Novi Labs Company) @RBNEnergy]

Fluor Corporation announced on June 1 that its joint venture with JGC Corporation, JGC Fluor BC LNG II, received a Limited Notice To Proceed” (LNTP) for the proposed Phase 2 expansion of LNG Canada.

https://t.co/kifQvzlx8U

[RBN Energy (A Novi Labs Company) @RBNEnergy]

After falling to its lowest monthly average since October 2023 in April, the U.S. propane-to-WTI crude ratio is showing signs of recovery. The ratio started June higher than May's average, as propane regained some ground relative to crude oil. While it's too early to call a sustained turnaround, the early June rebound bears watching.

https://t.co/SpNnHA45fy

[RBN Energy (A Novi Labs Company) @RBNEnergy]

U.S. LNG feedgas is climbing again as the maintenance season winds down. Cameron and Freeport appear to be bringing their respective offline trains back online.

Commissioning activity at Golden Pass and Corpus Christi Stage III continues to progress and U.S. LNG feedgas demand averaged 17.8 Bcf/d last week, up about 0.4 Bcf/d week-on-week.

https://t.co/NCHuPAREhv

[RBN Energy (A Novi Labs Company) @RBNEnergy]

The U.S. propane market typically follows predictable trends. With much of domestic demand occurring in the colder months, storage builds in the summer and is withdrawn in the winter. But since mid-April, storage levels have increased by only 1.2 MMbbl. Today, we explore what is going on and why.

https://t.co/BzEOHKl3FD

[RBN Energy (A Novi Labs Company) @RBNEnergy]

The price of natural gas remains negative at Waha. But movement in the forward curve suggests that the market is looking to a brighter future in the second half of the year.

https://t.co/WfdongATxf

[RBN Energy (A Novi Labs Company) @RBNEnergy]

One of the most discussed and often misunderstood aspects of the midstream world is the pipeline open season. It is how midstreamers go out to the market to test shipper interest and lock in commercial commitments for new projects and can effectively determine whether a project will get built.

https://t.co/SaawKB0JKQ

[RBN Energy (A Novi Labs Company) @RBNEnergy]

U.S. oil and gas rig count gained four rigs to 562 for the week ending May 29 according to Baker Hughes data, as a five-rig gain in Permian and a one-rig gain in All Other outweighed declines in Anadarko (-1) and Gulf of Mexico (-1); all other basins were unchanged.
https://t.co/VeP7Ay07Z4

[RBN Energy (A Novi Labs Company) @RBNEnergy]

As the Marcellus/Utica became the U.S.’s premier natural gas production region in the 2010s, a larger portion of its output headed out of the Northeast. An increasingly important part of the story has involved greater demand for gas from within the Northeast, especially the power sector.
https://t.co/pkhC6XJqwJ

[RBN Energy (A Novi Labs Company) @RBNEnergy]

PADD 3 propane inventories posted a rare 1.2-MMbbl draw as U.S. propane exports surged to a record 2.63 MMb/d. Growing utilization of Gulf Coast flex terminals continues to support strong propane exports and tighter regional balances.
https://t.co/ixDtpj4JvW

[RBN Energy (A Novi Labs Company) @RBNEnergy]

Northeast demand was down week-on-week despite the calendar approaching summer. Outflows to other regions were up very modestly, with outflows on Tennessee Gas Pipeline cappped.
https://t.co/In2i4dhB3M

[RBN Energy (A Novi Labs Company) @RBNEnergy]

The global oil market has been especially volatile this year, but the United Arab Emirates’ decision to cease its OPEC membership provided another jolt. Today, we dig into why the UAE chose this path and the potential implications for the global market and U.S. producers.
https://t.co/0eBJBzl9yE

[RBN Energy (A Novi Labs Company) @RBNEnergy]

U.S. Gulf Coast crude exports exceeded 5 MMb/d for the sixth consecutive week, averaging 5.2 MMb/d as global demand for U.S. barrels remained firmly intact despite modest week-over-week regional fluctuations.

https://t.co/NDnCT3v1Nb

[RBN Energy (A Novi Labs Company) @RBNEnergy]

Ksi Lisims LNG LP, the consortium that owns the proposed Ksi Lisims LNG project to be located on the northwest coast of British Columbia, announced on May 27 that it had entered into a Heads of Agreement with Germany’s state-owned SEFE (Securing Energy for Europe) for the sale and purchase of 1 m

https://t.co/rS1q62ztPZ

[RBN Energy (A Novi Labs Company) @RBNEnergy]

Launch a company built around energy market fundamentals and rock & roll song titles. Then … give it away for free. Not exactly a textbook business plan. Today we turn the page.

Novi Labs (@novilabs) has acquired RBN Energy, LLC Energy. Today’s blog is all about the logic of this deal and what it means for our customers.

https://t.co/1OtkxxA6tC

[RBN Energy (A Novi Labs Company) @RBNEnergy]

U.S. LNG feedgas remains below recent peak levels as maintenance continues to curb demand with one train offline at both Cameron and Freeport LNG.
U.S. LNG feedgas averaged about 17.4 Bcf/d last week, flat week-on-week, but flows should begin to climb at the end of this week as maintenance wraps up. Cameron appears to be nearing the end of its outage and Freeport will likely follow the week after.

https://t.co/DUftmNbHuu

[RBN Energy (A Novi Labs Company) @RBNEnergy]

Shell’s Q1 2026 earnings call made clear that the ARC Resources acquisition – as discussed in ‘Closer to the Heart’ is now the centerpiece of the company’s long-term North American gas and LNG growth strategy.

https://t.co/iYqyUaquNd

[RBN Energy (A Novi Labs Company) @RBNEnergy]

The White House gave the green light on March 18 for foreign-flagged tankers to move crude oil and refined products between U.S. ports by waiving the Jones Act. In less than two months, about 60 waivers have been recorded. Today, we’ll dig into the new patterns that have emerged.

https://t.co/2XEVIb1TZi

[RBN Energy (A Novi Labs Company) @RBNEnergy]

Devon Energy didn’t waste any time continuing its spending spree just weeks after closing the previously announced $26 billion merger with Coterra.

https://t.co/whWpsJ4jBY

[RBN Energy (A Novi Labs Company) @RBNEnergy]

If there was one project ExxonMobil repeatedly highlighted during its Q1 2026 earnings call, it was Golden Pass LNG.

https://t.co/5ybx0LXESj

[RBN Energy (A Novi Labs Company) @RBNEnergy]

PADD 5 butane imports from Canada are on the rise, having doubled over the past few years. Looking at imports by company reveals what's happening and in this RBN Analyst Insight, argue why this trend is likely to continue.

https://t.co/eZudtsAPTL