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Stronger Storms Test Aging U.S. Offshore Oil Facilities | View In Browser

 

 

DAILY NEWSLETTER

 

Sep 9, 2021

   

 



 

Stronger Storms Test Aging U.S. Offshore Oil Facilities Stronger hurricanes
threatening the U.S. Gulf Coast energy hub are elevating the risks of oil spills
from damage to area refineries, oil platforms and subsea pipelines, experts say.

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Aramco Oil Pipelines Investors to Sell At Least $4 Billion in Bonds in Q4 A
consortium led by EIG Global Energy Partners that took a stake in Saudi Aramco's
oil pipelines is preparing to issue at least $4 billion in the fourth quarter to
refinance a loan that largely funded the $12.4 billion deal, two sources said.

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  Lebanon to Get Egyptian Gas via Pipeline in Plan to Ease Crisis Egyptian
natural gas will be piped to Lebanon via Jordan and Syria to help boost its
electricity output under a plan agreed by the four governments on Wednesday to
ease a crippling power crisis.

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EIA Expects Higher Natural Gas Prices Due to Production Reductions  The U.S.
Energy Information Administration expects that natural gas prices will remain
higher in the coming months following Hurricane Ida. EIA forecast fourth-quarter
Henry Hub spot prices to average $4.00 per MMBtu, a 16% increase from its August
forecast.

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  Ukraine Says Russian Gas Transit to Europe Seen Falling This Month The transit
of Russian gas through Ukrainian gas transit system to Europe will fall to 109
million cubic meters a day in September from average 124 mcm a day in April to
August, Ukrainian state-run gas transit operator said on Wednesday.

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  NATGAS $4.939  

  West Texas Intermediate (WTI) $69.35  

  Brent $72.66  

 

 

 

Michael Reed Editor

 

Jeff Awalt Executive Editor

 

 

Maddy McCarty Digital Editor

 

 

 

 

Andy McDowell VP, Upstream and Midstream

 

 

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