Sheela Tobben

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

The Nederland/Beaumont crude oil hub has been somewhat overshadowed recently by other Gulf Coast crude export hubs despite hosting America’s largest refinery and pipeline links to the prolific Permian Basin. But while plans to build one or more deepwater crude export terminals could mean big changes for the Gulf Coast hubs, the Nederland/Beaumont area isn’t standing still. In today’s blog, we discuss what’s ahead for the Nederland/Beaumont region and its emergence as a leader in NGL exports. https://t.co/dtZneTOl5X

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

#Crudeoil output in the Permian is now averaging 6.3 MMb/d, up about 400 Mb/d from year-ago levels and 800 Mb/d from April 2022. The gains — and related increases in associated gas — have spurred a new round of concerns about pipeline exit capacity, complicating drillers’ hopes to boost crude production. In today’s RBN blog, we will discuss the takeaway capacity issue and what it means for producers and pipeline operators, including those planning offshore crude export terminals. https://t.co/dW6GYVc45k

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

Two passages long regarded as essential shortcuts in the world of commodity shipping have become a lot more challenging to navigate. Transiting the Red Sea has turned potentially deadly because of geopolitical tensions, while severe drought has reduced operations at the Panama Canal. Combined, these issues are being felt across all commodity sectors. In today's blog, we’ll examine the extra time and costs that shippers of U.S. crude and refined products must bear when using alternatives. https://t.co/3eOkrFxAAo

[Anne Riley Moffat @A_Riley17]

With US crude increasingly leaving American shores on oversized supertankers, private equity backed Sentinel Midstream is looking to get in on the action, bringing its new deep-water port online in 2026. https://t.co/RT4bsP68XU @vtobben #crude #oil

[Jennifer A. Dlouhy @jendlouhyhc]

Activists are protesting outside the #CERAWeek energy conference in Houston, demanding the Biden administration halt permitting new fossil fuel infrastructure.

[Sheela Tobben @vtobben]

TC Energy will begin the process of restarting the segment of its Keystone pipeline that goes to crude storage hub Cushing, Oklahoma, after receiving regulatory approval https://t.co/WbN2V8ZZvl via @business

[Sheela Tobben @vtobben]

Chevron finds almost half of employees and contractors in Australia have been bullied in the past five years and a third experienced sexual harassment https://t.co/p2O2XX2m8B via @bbgequality

[Giovanni Staunovo🛢 @staunovo]

Western Africa shows how hard it's becoming to pump crude oil, with production set to fall again this year amid aging fields and theft #oott https://t.co/XZH55J0got

[Sheela Tobben @vtobben]

A strike at French oil refineries is upending normal trade flows for US crude exports https://t.co/qPRqwBuLQd via @markets

[Julia Fanzeres @juliafanzeres]

Exclusive: Nigerian Oil Minister says OPEC may be "forced" to make additional production cuts if prices continue to fall...
#oott #opec more on the Terminal

[Daniel Flatley @DanielPFlatley]

Another interesting tidbit highlighted by @vtobben is that the UST is using Russia’s own estimates for the price of production — $44 per barrel of oil — as a rough guide for how to structure the cap. The G7 wants to set the price *slightly above* the price of production.

[Sergio Chapa @SergioChapa]

Back to the Drawing Board: The EPA told the proposed offshore Bluewater crude oil export terminal near Corpus Christi to refile its application with stricter air pollution controls

Web story by @CrowleyKev and @vtobben at https://t.co/eJWIL3MhjH

#Shale #OOTT #Oil #Houston #CCTX

[Geoffrey Morgan @geoffreymorgan]

Some oil and gas companies are flush with so much cash that they are paying out a full year’s worth of dividends in a single day — and sometimes more than that https://t.co/l0FsMH2e6k via @markets

[Kevin Crowley @CrowleyKev]

US shale producers expected to follow Big Oil in posting explosive Q2 profits this week.

The 28 frackers in this data set forecast to make $100bn+ free cash flow this year, enough to wipe out a decade of losses

Story with @DavidWethe https://t.co/WyUUfdR8hI

[Kevin Crowley @CrowleyKev]

Exxon just overtook Alphabet in corporate free cash flow for the first time in four years.

It's a trend Jeff Currie of Goldman Sachs calls the "revenge of the old economy"

Full story: https://t.co/tpX2Jfti6T

[Jason Allen @JasonAllenLive]

The ‘3’ is back

[Geoffrey Morgan @geoffreymorgan]

Oil brokerage NE2 is hitting back at allegations that its CEO created a toxic workplace, filing an C$11 million countersuit against eight former employees who left the firm earlier this year https://t.co/nsZAmL0Hmh via @business w/ @roberttuttle @vtobben

[Simon Casey @sjcasey]

US President Joe Biden calls for "immediate action" as the soaring price of gasoline feeds record inflation and fears of a recession https://t.co/PpX132LtOM via @justinsink + @jendlouhyhc

[Kevin Crowley @CrowleyKev]

"The revenge of the old world economy" -- Jeff Currie of Goldman Sachs