OCT 24, 2022 | USD 15

DIGITAL
WEEKLY
E D I T I O N
International Petroleum News and Technology | www.ogj.com

CONTENTS
Volume 120.10c www.ogj.com

4 NEWSLETTER
14 STATISTICS
17 CALENDAR
18 MARKET CONNECTION
18 ADVERTISERS’ INDEX
OMV Petrom SA is doubling aromatics
production at its 4.5-million tpy
Petrobrazi refinery in southeast
Romania, near Ploiesti City, building
a new 100,000-tpy aromatics unit to
replace its current one, commissioned
in 1961. Scheduled for construction
between 2023-25, the new aromatics
unit is targeted for startup in 2026.
Photo from OMV Petrom.

221024OGJ001.indd 1 10/20/22 9:58 AM

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 October 24, 2022

OGJ ®

Newsletter International News

for oil and gas professionals
For additional news, data, and analysis,
visit www.ogj.com

GENERAL INTEREST Q U IC K TA K E S Exports to India were stable m-o-m at just under 1 mil-
lion b/d, while loadings to China and Turkey were down by
ExxonMobil, EnLink, CF Industries 115,000 b/d and 50,000 b/d, respectively. However, with close
launch 2-million tpy CCS project to 500,000 b/d of oil going to yet unidentified destinations,
ExxonMobil Corp., EnLink Midstream LLC, and fertilizer final numbers for each importing region may result in signifi-
manufacturing company CF Industries Holdings Inc. are cant revisions to preliminary figures.
collaborating to store as much as 2 million tonnes/year (tpy) Nevertheless, the share of Russian oil exports to western
of industrial CO2 emissions. Emissions from CF Industries’ markets fell, while Asian buyers gained in importance. In
Ascension Parish, La., complex will be transported through September, declared shipments to China and India combined
EnLink’s transportation network and stored underground at were 160,000 b/d higher than those to Europe, including EU
a 125,000-acre property owned by ExxonMobil in Vermilion and non-EU countries. The US stopped importing Russian oil
Parish, about 100 miles southwest of CF’s complex. in April.
The companies expect project start-up in early 2025. CF Since June, China has been the largest importer of Russian
Industries recently announced a $198.5 million plan to build crude oil, ahead of the combined EU countries. EU crude oil
a CO2 dehydration and compression unit at its ammonia pro- imports from Russia fell to just 1.6 million b/d in September.
duction plant in Donaldsonville, La., and expects to market up While it has taken 7 months for them to replace 800,000 b/d
to 1.7 million tpy of blue ammonia. of Russian crude oil imports, they will need to switch an addi-
EnLink suggested that it would use existing infrastructure tional 1.3 million b/d of seaborne and pipeline volumes in the
for the transportation part of the collaboration, cutting both 2 months remaining until the EU ban on Russian oil kicks in.
time and cost compared with possible newbuild options. Oil product loadings to EU countries fell 130,000 b/d
Louisiana has set a 2050 net-zero CO2 emissions target for m-o-m to 965,000 b/d, bringing the cumulative post-Ukraine-
the state. invasion loss to 550,000 b/d. Diesel shipments were down by
A chemical process is considered “blue” when CO2 emis- 70,000 b/d m-o-m to just 510,000 b/d.
sions are captured before their release into the air, making the
process more carbon neutral. Demand for blue ammonia is Laredo Petroleum plans quarter-over-quarter
expected to grow as a decarbonized energy source for hard- production decrease
to-abate industries, both for its hydrogen content and as a Laredo Petroleum Inc., Tulsa, expects fourth-quarter 2022 to-
fuel itself, because ammonia’s components—nitrogen and hy- tal production to be 72,500-75,500 boe/d and oil production
drogen—do not emit carbon when combusted. to be 32,000-34,000 b/d, down from this year’s third quarter,
with capital expenditures of $135-145 million, in-line with
IEA: Russian oil exports fall third-quarter 2022 levels.
as trade flow reallocation slows The company provided the update with preliminary third-
Russian oil exports fell 230,000 b/d in September to 7.5 mil- quarter results Oct. 18 ahead of complete results Nov. 3.
lion b/d, with crude down 260,000 b/d and products up by Updated fourth-quarter expectations include revised as-
30,000 b/d, according to data from the International Energy sumptions related to the impact of offset operator completions,
Agency (IEA). Revenues were down $3.2 billion to $15.3 bil- production downtime due to increased equipment lead times,
lion on both lower volumes and prices but were still higher and a 1,600 boe/d (75% oil) reduction in volumes related to
than the average monthly revenue in 2021. the sale of non-operated acreage in Howard County, Texas, to
Shipments to European Union countries fell by 390,000 Northern Oil and Gas Inc., which closed Oct. 3, 2022.
b/d month-on-month (m-o-m) to 2.6 million b/d, with its In third-quarter 2022, the Permian basin-focused oper-
share down to just 35% in Russia’s total oil exports, compared ator produced an average 79,500 boe/d, within guidance of
to 50% at the start of the year. 78,500-81,500 boe/d. Oil production for the quarter averaged

4 Oil & Gas Journal

221024OGJ004-013.indd 4 10/20/22 9:58 AM

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221024OGJ004-013.indd 5
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9/14/22 8:27 AM
 ICE BRENT / NYMEX LIGHT SWEET CRUDE
$/bbl
US INDUSTRY SCOREBOARD — 10/24
96.00
94.00
92.00
4 wk. 4 wk. avg. Change, YTD YTD avg. Change,
90.00
Latest week 10/7 average year ago1 % average1 year ago1 %
88.00 Product supplied, 1,000 b/d
86.00
Motor gasoline 8,722 9,227 (5.5) 8,737 8,906 (1.9)
84.00 Distillate 4,015 4,173 (3.8) 3,938 4,013 (1.9)
82.00 Jet fuel 1,535 1,485 3.4 1,542 1,322 16.6
Oct. 12 Oct. 13 Oct. 14 Oct. 17 Oct. 18
Residual 301 331 (9.1) 341 267 27.7
Other products 5,379 5,518 (2.5) 5,701 5,460 4.4
TOTAL PRODUCT SUPPLIED 19,952 20,734 (3.8) 20,259 19,968 1.5
Supply, 1,000 b/d
WTI CUSHING / BRENT SPOT
$/bbl Crude production 12,000 11,100 8.1 11,876 10,968 8.3
99.00 NGL production 6,023 5,470 10.1 5,776 5,186 11.4
Crude imports 6,352 6,512 (2.5) 6,341 6,109 3.8
97.00 Product imports 1,778 2,526 (29.6) 2,057 2,462 (16.5)
95.00 Other supply2 3,034 2,682 13.1 2,649 2,571 3.0
93.00 TOTAL SUPPLY 29,187 28,290 3.2 28,699 27,296 5.1
91.00 Net product imports (4,750) (2,267) — (3,784) (2,632) —
89.00
Refining, 1,000 b/d
87.00
85.00 Crude runs to stills 15,938 15,392 3.5 15,926 15,005 6.1
Oct. 12 Oct. 13 Oct. 14 Oct. 17 Oct. 181 Input to crude stills 16,396 15,948 2.8 16,386 15,516 5.6
% utilization 91.3 88.0 — 91.2 85.2 —
Latest Previous Same week Change,
NYMEX NATURAL GAS / SPOT GAS - HENRY HUB Latest week 10/7 week week1 Change year ago1 Change %
$/MMbtu Stocks, 1,000 bbl
6.600
Crude oil 439,082 429,203 9,879 426,975 12,107 2.8
6.450 Motor gasoline 209,482 207,460 2,022 223,107 (13,625) (6.1)
6.300 Distillate 106,063 110,916 (4,853) 129,307 (23,244) (18.0)
6.150 Jet fuel–kerosine 36,069 36,213 (144) 41,408 (5,339) (12.9)
6.000 Residual 29,071 28,747 324 29,233 (162) (0.6)
5.850 Stock cover (days)3 Change, % Change, %
5.700
5.500
Oct. 12 Oct. 13 Oct. 14 Oct. 17 Oct. 18 Crude 27.6 26.8 3.0 27.7 (0.4)
Motor gasoline 24.0 23.6 1.7 24.2 (0.8)
Distillate 26.4 29.9 (11.7) 31.0 (14.8)
Propane 95.1 105.0 (9.4) 59.9 58.8
ICE GAS OIL / NYMEX ULSD HEATING OIL2 Futures prices4 10/14 Change Change Change,%
¢/gal
400.00 Light sweet crude ($/bbl) 88.49 87.70 0.79 81.04 7.45 9.2
390.00 Natural gas, $/MMbtu 6.53 6.79 (0.26) 5.51 1.03 18.6
380.00
370.00 1
Based on revised figures. 2Includes other liquids, refinery processing gain, and unaccounted for crude oil. 3Stocks divided by aver-
360.00 age daily product supplied for the prior 4 weeks. 4Weekly average of daily NYMEX closing futures prices.
350.00 Source: US Energy Information Administration, Wall Street Journal
340.00
330.00
Oct. 12 Oct. 13 Oct. 14 Oct. 17 Oct. 18

BAKER HUGHES INTERNATIONAL RIG COUNT: TOTAL WORLD / TOTAL ONSHORE / TOTAL OFFSHORE
PROPANE - MT. BELVIEU / BUTANE - MT. BELVIEU 2,400
¢/gal 2,100
100.00 1,852
1,800
97.00 1,617
94.00 1,500
91.00 1,200
88.00
900
85.00 300 235
82.00
0
79.00 Sept. 21 Oct. 21 Nov. 21 Dec. 21 Jan. 22 Feb. 22 Mar. 22 Apr. 22 May 22 Jun. 22 Jul. 22 Aug. 22 Sep. 22
Oct. 12 Oct. 13 Oct. 14 Oct. 17 Oct. 181
Note: Monthly average count

NYMEX GASOLINE (RBOB)3/ NY SPOT GASOLINE4 BAKER HUGHES RIG COUNT: US / CANADA
1,100
¢/gal 1,000
297.00 900
800 769
291.00
285.00 700
279.00 600 543
500
273.00
400
267.00
300 216
261.00 200 168
255.00 100
Oct. 12 Oct. 13 Oct. 14 Oct. 17 Oct. 18 1

0
1
Not available. 2 Ultra-low sulfur diesel. 3 Reformulated gasoline 7/30/21 8/13/21 8/27/21 9/10/21 9/24/21 10/8/21 7/29/22 8/12/22 8/26/22 9/9/22 9/23/22 10/7/22
blendstock for oxygen blending. 4 Nonoxygenated regular unleaded. 8/6/21 8/20/21 9/3/21 9/17/21 10/1/21 10/15/21 8/5/22 8/19/22 9/2/22 9/16/22 9/30/22 10/14/22
Note: End of week average count

6 Oil & Gas Journal | Oct. 24, 2022

221024OGJ004-013.indd 6 10/20/22 9:58 AM

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 35,000 b/d, below guidance of 35,500-37,500 b/d. Oil produc- NOPSEMA seeks partners to streamline
tion was negatively impacted as offset operator completions in decommissioning projects
Howard County affected more Laredo wells than expected, the Australia’s National Offshore Petroleum Safety and Environ-
company said. Of the impacted wells, newer, higher-produc- mental Management Authority (NOPSEMA) is seeking indus-
tion packages have returned to previous production expecta- try partners for a pilot project designed to investigate ways to
tions while older packages are taking longer than anticipated streamline decommissioning of stranded or end-of-life oil and
to return to expected production levels, the company said. gas infrastructure.
Total incurred capital expenditures during the third quarter Australia has an estimated $50 billion (Aus.) of decom-
were $140 million, excluding non-budgeted acquisitions and missioning work in need of completion by 2050, according
leasehold expenditures, higher than guidance of $120 million. to a 2020 Wood Mackenzie report, half of which needs to
Increased investments were related to the timing of drilling begin within the next 10 years, NOPSEMA said.
and completions activity and infrastructure build out. The offshore regulator is working in conjunction with
the Federal Department of Climate Change, Energy, the
Waldorf to acquire Dana, TAQA Dutch Environment and Water (DCCEEW) to evaluate options to
upstream businesses accelerate assessment of decommissioning work proposals.
Waldorf Energy Netherlands BV, a subsidiary of Waldorf Pro- The project is aimed at understanding the technical,
duction Ltd., has entered agreements to acquire the respec- legal, policy, and administrative feasibility of full or partial
tive Netherlands upstream businesses of Dana Petroleum Ltd., streamlining of assessments. The process also could help
a wholly owned subsidiary of Korea National Oil Corp., and reduce regulatory overlap and improve consistency while
TAQA Energy BV, a wholly owned subsidiary of Abu Dhabi also maintaining desired environmental outcomes.
National Energy Co. NOPSEMA said the initial phase of the project will be a
Neither financial terms nor asset specifics were disclosed. trial in which the regulator will provide technical advice to
According to Dana Petroleum’s website, the company’s up- support DCCEEW’s assessment of sea dumping permit ap-
stream business in the Netherlands includes interests in 21 plications for decommissioning projects regulated in tandem
oil and gas fields including De Ruyter, Hanze, Van Ghent, and with environmental plans under the Offshore Petroleum and
Van Nes, one exploration license, two potential developments Greenhouse Gas Storage (Environment) regulations.
in Denmark, and two in the Netherlands. Sea dumping is used to describe ‘rigs to reef’ and carbon
TAQA, according to its website, has been extracting natural capture storage projects.
gas from onshore fields in Bergen II production license around NOPSEMA has identified one partner and has begun an
Alkmaar, the Netherlands, since 1972. Gas is transported to initial trial, but seeks industry input to nominate additional
TAQA’s gas treatment installation at Oude Helderseweg. suitable decommissioning proposals to join phase one.

EXPLORATION & DEVELOPMENT Q U IC K TA K E S TAG Oil to develop Badr oil field reservoir in Egypt
TAG Oil Ltd. has formally entered a petroleum services agree-
TotalEnergies to operate PSC off Malaysia ment with Badr Petroleum Co. (BPCO) to begin development
TotalEnergies EP Malaysia will serve as operator in a newly operations at the unconventional heavy oil Abu Roash “F”
signed production sharing contract with PETRONAS Cariga- (ARF) reservoir in Badr oil field (BED-1), a 107-sq km conces-
li Sdn Bhd, Sabah Shell Petroleum Co. Ltd., and Shell Sabah sion in the Western Desert of Egypt.
Selatan Sdn Bhd for Block 2K off the coast of Sabah. TAG Oil was awarded the agreement in September after ne-
The 1,952-sq km block lies in 3,000 m of water in the gotiations with Egyptian General Petroleum Corp. (EGPC) and
northwest ultra-deepwater area within a proven hydrocarbon a letter of intent confirming EGPC had commissioned BPCO
basin, PETRONAS said in a release Oct. 13. to conclude the petroleum services agreement with TAG Oil.
The signing “completes the licensing of the five ultra-deep- Badr oil field was discovered in 1982 by a joint venture of
water blocks off the coast of Sabah, along the newly identi- Shell Oil and EGPC (Bapetco). There has been production across
fied Oligo-Miocene carbonate trend proven by Tepat-1 oil the concession from conventional reservoirs of light oil and as-
discovery in Block N in 2018,” said Mohamed Firouz Asnan, sociated natural gas through primary development of Kharita,
senior vice-president, of Malaysia Petroleum Management, Bahariya, and certain Abu Roash sandstone formations. The
PETRONAS. Block 2V was signed in 2021, followed by Blocks ARF reservoir produced conventionally from some wells with
2W and X early this year. considerable initial oil rates but has declined rapidly.
A total of four wells are expected to be drilled in the blocks TAG Oil conducted analysis of the geologic, geophysical,
in 2022 and 2023, he continued. and well production data of the target ARF zone, which is a
TotalEnergies holds 34.9%. Parners are PETRONAS deep, tight, low porosity, low permeability carbonate reser-
Carigali Sdn Bhd (40%), Sabah Shell Petroleum Co. Ltd. voir with varied fluid characteristics across BED-1, the com-
(25.1%), and Shell Sabah Selatan Sdn Bhd (25.1%). pany said in a September release. The company determined

8 Oil & Gas Journal | Oct. 24, 2022

221024OGJ004-013.indd 8 10/20/22 9:58 AM

 that there is a high probability for successful commercial de- comprised of Peregrino C with drilling equipment and living
velopment of the ARF reservoir by applying proven technolo- quarters tied to the FPSO and a new pipeline importing gas to
gies including long-reach horizontal wells, hydraulic fracture the platform for power generation.
stimulation, and potentially other enhanced oil recovery pro- In Phase 2, power generation on Peregrino C was switched
duction techniques. to gas from diesel—a move expected to avoid 100,000 tonnes/
The 10-year concession includes an optional 10-year exten- year of CO2 emissions from the field.
sion. Multiphase development is planned (evaluation in phase Peregrino is the largest field operated by Equinor outside
one and commercial production in phases two and three). of Norway and the first of a series of major field developments
in Brazil. Remaining reserves from Peregrino Phase 1 are esti-
DRILLING & PRODUCTION Q U IC K TA K E S mated at 180 million bbl (OGJ Online, July 19, 2022).
Equinor is operator at Peregrino (60%) with partner Sino-
Neptune Energy to increase production in Germany chem (40%).
Neptune Energy Group Ltd. will increase production at
Römerberg field in the Rhine Valley, southwestern Germany, ADNOC lets drilling contract worth $980 million
after receiving approval from the State Mining Authority for Abu Dhabi National Oil Co. (ADNOC) let a contract for two
Rhineland-Palatinate. jack up offshore rigs and associated manpower and equipment
Production will increase by up to three times the current to ADNOC Drilling.
limit of 3,700 boe/d. The increase comes as Germany looks to The contract is worth $980 million and brings the total
shore up domestic energy security and supports the operator’s value of awards from ADNOC Offshore to ADNOC Drilling
investment strategy for Römerberg field and its wider German in 2022 to $5.95 billion. In October, ADNOC Drilling was
business portfolio. Neptune is currently drilling the ninth pro- awarded a contract worth $1.53 billion for the provision of jack
duction well on the field, which is due to come onstream in up and island rigs and associated integrated drilling services.
this year’s fourth quarter. This followed two awards in August worth $3.43 billion to hire
The decision “enables Neptune to mature our full-field eight jack up rigs.
development plans for the Römerberg oil field, including sig- These awards help support the expansion of ADNOC’s
nificant investment in surface facilities to support higher pro- crude oil production capacity to 5 million b/d by 2030 and gas
duction rates, upgrade water treatment and reduce emissions self-sufficiency for the UAE, the company said.
associated with flaring,” said Neptune Energy’s managing di-
rector in Germany, Andreas Scheck. Shell lets drilling contract to Maersk Developer
The approval comes on the heels of a permit allowing Shell Brasil Petroleo Ltda. let a contract to Maersk Drilling
Neptune to continue increased gas production from Duva oil Co. for work at BC-10 field in Campos basin, offshore Brazil.
and gas field in the Norwegian North Sea for supply to the UK The Maersk Developer semisubmersible rig will drill one
this winter. exploration well and perform subsea well interventions.
Neptune has been working for more than 6 years on the ap- The contract is expected to begin in March 2023, in direct
plication to increase the production limit at Römerberg, which continuation of the rig’s current contract, with an estimated
included a comprehensive environmental impact assessment duration of 90 days. Contract value is about $37 million, in-
and public consultation, it said. cluding a mobilization fee.
Neptune Energy is operator at Römerberg (50%) with Maersk Developer is able to operate in water depths up to
partner Palatina GeoCon (50%). 10,000 ft. It was delivered in 2009 and is currently operating
offshore Brazil for Karoon Energy Ltd.
Equinor starts Peregrino Phase 2 production
Equinor ASA started oil production at Peregrino C platform PROCESSING Q U IC K TA K E S
in Brazil’s Campos basin as part of Peregrino field’s Phase
2 development. The project is expected to extend the life of OMV Petrom’s Petrobrazi refinery
Peregrino field to 2040, add 250-300 million bbl of oil, and to expand production capacity
halve expected CO2 emissions/bbl over the remaining life of OMV Petrom SA, Bucharest, is doubling aromatics production
the field, the company said Oct. 13. at its 4.5-million tpy Petrobrazi refinery in southeast Romania,
The project was delayed from its expected 2020 start by near Ploiesti City, building a new 100,000-tpy aromatics unit
COVID-19-related workforce cuts during the hook-up phase, to replace its current one, commissioned in 1961. The project
but still delivered within the $3 billion cost estimate, the will cost €130-million.
company said. Work includes construction of a new unit that will process
Phase 1 consisted of an FPSO unit supported by well head 1,500 tonnes/day of reformed gasoline to expand production
platforms Peregrino A and Peregrino B. Phase 2, expected of aromatics at the refinery to 100,000 tpy from its current
to increase field production to 110,000 b/d at plateau, is output of about 50,000 tpy, OMV Petrom said on Oct. 12.

Oil & Gas Journal | Oct. 24, 2022 9

221024OGJ004-013.indd 9 10/20/22 9:58 AM

 The new unit specifically will ensure increased recovery of sweet shale crudes sourced from the Eagle Ford, Permian,
toluene as well as ongoing production of gasoline with a ben- DJ, and Bakken basins into 91.25 million bbl/year of clean
zene content of less than 1 vol % in compliance with European finished products, including gasoline, diesel, and jet fuel, ac-
emission standards, according to the operator. cording to the operator.
Scheduled for construction between 2023-25, the new aro- The complex also would be outfitted with technologies and
matics unit is targeted for startup in 2026. processes capable of reducing and eliminating 95% of green-
“Other major investments will follow at Petrobrazi, both in house gas emissions as well as for reducing water production
the technological efficiency of the refinery as well as in the and consumption by 90%, with 80% of waste water further
production of second-generation biofuels,” said Radu Căprău, recycled and repurposed, the company said.
OMV Petrom executive board member responsible for the op- Unlike most conventional refineries that power process
erator's downstream business. heating units with natural gas, the planned refinery would com-
In its 2021 annual report, OMV Petrom said it expects the bine pure oxygen with blue hydrogen (from refinery offgases)
Petrobrazi refinery to maintain an average utilization rate over and green hydrogen (from electrolysis) to yield a primary waste
95% until 2030, save for upcoming major turnarounds planned stream of steam.
in 2023 and 2028, when utilization rates will average 85-90%. Alongside including an associated carbon capture and
OMV Petrom also intends to execute a project to upgrade storage system for its hydrogen complex, the refinery would be
bottom-of-the-barrel crude material into non-fuel products, powered by renewable electricity, either sourced from the grid
including bitumen, carbon black, or calcined coke by up to or generated on-site from recycled and repurposed waste heat
200,000 tpy by 2030, the operator said. or geothermal and solar assets.
Project plans also include construction of a new bidirec-
Renewables production tional refined products pipeline connecting to nearby termi-
In line with commitments to help meet the European Commis- nals, an 8-bay truck terminal, a 300-car rail terminal, and a
sion’s goals of reducing CO2 emissions from air travel, OMV 4-barge marine terminal located at or near the project site.
Petrom said in late June 2022 that the Petrobrazi refinery will Pending final investment decision and necessary permit-
be Romania’s first to produce sustainable aviation fuel (SAF). ting, Prairie Energy Partners intends to break ground on the
Following a pilot project completed in July 2020, the re- project in 2023 for anticipated startup in 2025.
finery was scheduled to produce SAF via co-processing of
locally produced rapeseed oil in a series of test-run volumes TRANSPORTATION Q U IC K TA K E S
beginning in July.
By 2030, OMV Petrom plans for the refinery to produce a Clearfork expanding Haynesville gas
combined 450,000 tpy of SAF and hydrotreated vegetable oil gathering, treatment capacity
(HVO), according to Căprău. Clearfork Midstream LLC is expanding its Haynesville shale
Compared to conventional jet fuel, Petrobrazi’s production natural gas gathering, treatment, and compression capacity in
of SAF would help reduce CO2  emissions from commercial northern Louisiana by 700 MMcfd to 1.3 bcfd. Work is ex-
flights by about 70%, while the site’s HVO production—us- pected to be completed first-quarter 2023.
able as a replacement for conventional diesel—would lower Expansion of Clearfork’s Holly System includes building
CO2 emissions by at least 65%, according to the operator. a 24-in. OD pipeline to the east side of the Red River in
OMV Petrom said it plans to expand the refinery’s output of northeast Red River Parish, La. Clearfork also is building a
SAF in the future by incorporating a wider slate of renewable 16-in. OD pipeline on the west side of the Red River in the
waste feedstocks, such as used cooking oil. Spring Ridge area of Caddo Parish. As part of these expan-
sions, Clearfork plans to build new interconnects for ad-
Texas operator proposes building ditional takeaway capacity and downstream market option-
grassroots decarbonized refinery ality for shippers.
Prairie Energy Partners LLC, a subsidiary of Southern Rock Clearfork also will increase the Holly System’s overall gas
Energy Partners LLC, El Campo, Tex., is selecting the site for treatment and compression capacity. Treatment capacity at the
proposed construction of a grassroots, full-conversion, decar- Holly 3 plant will increase with installation of new contactor
bonized refinery to process US-produced light, sweet conven- towers, optimization projects, and additional compression,
tional and shale crudes into low-carbon transportation fuels. which will provide lower-pressure service while still meeting
As of Oct. 10, Prairie Energy Partners was working to fi- pressure requirements of downstream pipelines. Clearfork
nalize a location for the planned $5.56-billion refinery in will install a recently acquired amine unit to increase treat-
either Victoria County, Tex., or Payne and Lincoln County, ment capacity at its Holly 6 plant.
Okla., Southern Rock Energy Partners said. The company also owns idle amine treating assets that
To be built on a footprint of 400 acres, the refinery would could, based on market demand, further increase the Holly
be equipped to process West Texas Intermediate (WTI) and System’s treatment capacity to 1.8 bcfd by end 2023.

10 Oil & Gas Journal | Oct. 24, 2022

221024OGJ004-013.indd 10 10/20/22 10:04 AM

 Several new commercial agreements underpin the expan- The portfolio, acquired for $2.15 billion, is expected to gen-
sion, including two with minimum producer volume commit- erate around 1 million tonnes/year of LNG net to MidOcean.
ments in connection with a long-term acreage dedication final- The transaction is expected to close first-half 2023 subject
ized in August 2022. to customary Australian regulatory approvals and preemption
Clearfork acquired Haynesville-focused Azure Midstream rights of respective LNG project joint venture members.
Energy LLC in February 2022.
Venture Global, EnBW increase supply partnership
Petronas declares force majeure at MLNG Dua Venture Global LNG and European energy supplier EnBW
Malaysian-state Petronas in early October declared force ma- have expanded their existing LNG partnership to 2 million
jeure on gas supply to its 9.6-million tonne/year (tpy) MLNG tonnes/year (tpy). Under the 20-year agreements signed in
Dua plant due to a pipeline leak caused by Sept. 21, 2022, soil June 2022, EnBW has increased the quantity of its long-term
movement near kilometer post KP201 of the 7.7-billion cu m/ LNG offtake from Venture Global by an additional 0.5 million
year Sabah-Sarawak Gas Pipeline (SSGP). MLNG Dua is part of tpy from Plaquemines and CP2 LNG.
the eight-train, 25.7-million tpy Petronas LNG Complex (PLC) The two agreements in June called for 1.5 million tpy of LNG
in Bintulu, Sarawak. from the two liquefaction plants, starting 2026 (OGJ Online,
Gas fields in the Central Luconia area, offshore Bintulu, June 21, 2022).
supply PLC. Petronas noted that the force majeure only affected “To become less dependent on Russian natural gas and
supply to MLNG Dua and that the other PLC plants—Malaysia to strengthen diversification and security of supply, EnBW
LNG and MLNG Tiga—continue normal operations. is supporting the German government by increasing further
Petronas is in discussions with MLNG Dua contract cus- access to LNG supplies,” said Georg Stamatelopoulos, chief
tomers regarding suitable mitigation of any missed deliveries. operating officer, generation and trading at EnBW. “With the
It also reports conducting a comprehensive evaluation of SSGP. help of LNG, we can secure Germany’s gas supply to enable
Sabah Energy Corp. Sdn Bhd (SEC) and Petronas, mean- the energy transition, while not losing sight of our climate
while, agreed on terms for the supply of 120 MMscfd of natural neutrality targets,” he continued.
gas to SEC and the sale of seven onshore
gas pipelines in Sabah, Malaysia, by
Petronas Gas Bhd and Petronas Carigali
Sdn Bhd to SEC. Also included in the deal
were the sale to SEC of gas supply agree-
ments between Petronas and five inde-
pendent power producers in Sabah.
The State Government of Sabah said
SEC’s purchase of the Petronas contracts
made it the largest domestic supplier
and transporter of natural gas in Sabah,
moving more than 250 MMscfd.

MidOcean Energy to acquire four

Tokyo Gas LNG stakes in Australia
EIG Global Energy Partners entity Mid-
Ocean Energy agreed to acquire Tokyo
Gas Co. Ltd.'s interest in four LNG proj-
ects in Australia. Interests include 5% of
Woodside-operated Pluto LNG, 2.5% of
Train 2 in Shell-operated Queensland
Curtis LNG, 1.575% of Inpex-operated
Ichthys LNG, and 1% of Chevron-oper-
ated Gorgon LNG.
Pluto, Gorgon, and Ichthys lie
offshore Western Australia. The
Queensland Curtis project is on Curtis
Island near Gladstone on Queensland’s
central east coast. All supply LNG to
Asian markets.

Oil & Gas Journal | Oct. 24, 2022 11

221003OGJ_ClickBond_RMel.indd 1 9/19/22 8:04 AM

221024OGJ004-013.indd 11 10/20/22 9:58 AM

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9/9/22 1:41 AM
 STATISTICS
Additional analysis of market trends is available
through OGJ Online, Oil & Gas Journal’s digital
information source, at http://www.ogj.com.
IMPORTS OF CRUDE AND PRODUCTS
— Districts 1-4 — — District 5 — ———— Total US ————
10-7 9-30 10-7 9-30 10-7 9-30 10-8*
2022 2022 2022 2022 2022 2022 2021
––––––––––––––––––––––––— 1,000 b/d ––––––––––––––––––––––––—
Total motor gasoline.............. 607 479 92 1 699 480 543
  Mo. gas. blending comp..... 554 430 92 1 646 431 451
Distillate................................ 78 79 1 2 79 81 190
Residual............................... 105 156 73 0 178 156 343
Jet fuel-kerosine................... 76 6 0 0 76 6 171
Propane-propylene............... 42 49 33 33 75 82 89
Other.................................... 716 418 39 149 755 567 995
Total products....................... 1,624 1,187 238 185 1,862 1,372 2,331
Total crude............................ 4,927 4,740 1,136 1,207 6,063 5,947 5,994
Total imports......................... 6,551 5,927 1,374 1,392 7,925 7,319 8,325
*Revised.
Source: US Energy Information Administration
Data available at Oil & Gas Journal Research Center.

EXPORTS OF CRUDE AND PRODUCTS OGJ CRACK SPREAD

–––––––––––––––– Total US –––––––––––––––– 10-14-22* 10-15-21* Change Change,
10-7-22 9-30-22 *10-8-21 ———–—$/bbl ——–—— %
––––––––––––––– 1,000 b/d –––––––––––––––
Finished motor gasoline 1,052 796 699 SPOT PRICES
Jet fuel-kerosine 139 130 133   Product value 145.89 103.56 42.33 40.9
Distillate 1,266 1,656 968   Brent crude 93.98 83.87 10.11 12.1
Residual 166 46 89   Crack spread 51.91 19.69 32.22 163.6
Propane/propylene 1,518 1,385 1,370
Other oils 2,915 2,048 2,239 FUTURES MARKET PRICES
Total products 7,056 6,061 5,498 One month
Total crude 2,872 4,551 2,514
Total exports 9,928 10,612 8,012   Product value 133.31 103.53 29.78 28.8
  Light sweet crude 88.49 81.04 7.45 9.2
NET IMPORTS   Crack spread 44.81 22.49 22.32 99.3
Total (2,002) (3,293) 313 Six month
Products (5,194) (4,689) (3,167)   Product value 118.66 102.01 16.65 16.3
Crude 3,191 1,396 3,480   Light sweet crude 80.43 77.12 3.31 4.3
  Crack spread 38.23 24.88 13.35 53.7
*Revised.
Source: Oil & Gas Journal *Average for week ending.
Data available at Oil & Gas Journal Research Center. Source: Oil & Gas Journal
Data available at Oil & Gas Journal Research Center.

CRUDE AND PRODUCT STOCKS

—–– Motor gasoline —––
Blending Jet fuel, ————— Fuel oils ————— Propane-
Crude oil Total comp. kerosine Distillate Residual propylene
District ———————————————————————————— 1,000 bbl —————————————————–––———————
PADD 1.................................. 8,122 54,551 51,252 8,376 25,550 4,680 8,584
PADD 2.................................. 109,416 45,032 40,932 6,835 25,622 828 24,864
PADD 3.................................. 249,123 79,068 72,470 11,565 40,809 19,124 47,127
PADD 4.................................. 23,641 6,032 5,012 671 3,169 179 1
4,908
PADD 5.................................. 48,781 24,800 23,265 8,622 10,913 4,261 —

Oct. 7, 2022............................ 439,083 209,483 192,931 36,069 106,063 29,072 85,483

Sep. 30, 2022......................... 429,203 207,460 190,166 36,212 110,917 28,747 84,391
Oct. 8, 20212........................... 426,975 223,108 206,846 41,408 129,307 29,232 71,700
1
Includes PADD 5. 2Revised.
Source: US Energy Information Administration
Data available at Oil & Gas Journal Research Center.

REFINERY REPORT—OCTOBER 7, 2022

REFINERY ––––––––––––––––––––––––––– REFINERY OUTPUT ––––––––––––––––––––––––––––
–––––– OPERATIONS –––––– Total
Gross Crude oil motor Jet fuel, ––––––– Fuel oils –––––––– Propane-
inputs inputs gasoline kerosine Distillate Residual propylene
District ––––––– 1,000 b/d –––––––– –––––––––––––––––––––––––––––––– 1,000 b/d ––––––––––––––––––––––––––––––
PADD 1.............................................. 748 720 3,145 84 199 41 249
PADD 2.............................................. 3,863 3,865 2,518 282 1,184 28 509
PADD 3.............................................. 8,847 8,557 2,040 757 2,861 134 1,485
PADD 4.............................................. 557 558 376 34 184 11 1
250
PADD 5.............................................. 2,131 1,983 1,432 411 436 46 —
Oct. 7, 2022....................................... 16,146 15,683 9,511 1,568 4,864 260 2,493
Sep. 30, 2022..................................... 16,388 15,961 9,555 1,521 5,188 312 2,457
Oct. 8, 2021....................................... 15,715 15,061 9,599 1,313 4,706 198 2,313

17,962 Operable capacity 89.9% utilization rate

1
Includes PADD 5. Revised. 2

Source: US Energy Information Administration

Data available at Oil & Gas Journal Research Center.

14 Oil & Gas Journal | Oct. 24, 2022

221024OGJ014-016.indd 14 10/20/22 9:58 AM

 STATISTICS
OGJ GASOLINE PRICES BAKER HUGHES RIG COUNT OGJ PRODUCTION REPORT
1
10-14-22 2
10-15-21
Price Pump Pump 10-14-22 10-15-21 (Crude
oil and lease condensate) –—— 1,000 b/d —–—
ex tax price* price*
Alabama.................................. 10 12
10-12-22 10-12-22 10-13-21 Alabama............................................ 0 0 Alaska..................................... 430 434
————— ¢/gal ————— Alaska................................................ 9 6 California................................ 341 374

Arkansas............................................ 0 0 Colorado.................................. 425 447
(Approx. prices for self-service unleaded gasoline) California........................................... 7 9 Florida..................................... 3 4
Atlanta........................... 247.7 303.7 299.0  Land................................................ 7 9 Illinois..................................... 18 20
Baltimore....................... 284.6 339.1 303.0  Offshore........................................... 0 0 Kansas.................................... 83 77
Boston............................ 325.1 370.0 318.1 Colorado............................................. 20 11 Louisiana................................ 1,467 1,176
Buffalo........................... 291.3 357.9 316.8 Michigan................................. 12 12
Florida................................................ 0 0 Mississippi.............................. 33 37
Miami............................. 284.3 346.2 310.2 Illinois................................................ 1 1 Montana.................................. 60 55
Newark........................... 276.0 345.1 327.0 Indiana.............................................. 0 0 New Mexico.............................. 1,580 1,367
New York........................ 298.1 364.7 332.8 Kansas............................................... 0 0 North Dakota........................... 1,049 1,102
Norfolk........................... 278.0 330.8 305.1 Kentucky............................................ 0 0 Ohio......................................... 54 47
Philadelphia................... 284.8 361.9 319.7 Louisiana........................................... 63 47 Oklahoma................................ 410 401
Pittsburgh...................... 287.6 364.7 321.2   N. Land............................................ 46 34 Pennsylvania........................... 13 16
Wash., DC....................... 304.7 356.9 326.7   N. Inland waters.............................. 0 0 Texas....................................... 5,453 5,249
  PAD I avg................... 287.5 349.2 316.3 Utah........................................ 121 104
  S. Inland waters............................... 3 1 West Virginia........................... 45 49
  S. Land............................................ 1 1 Wyoming.................................. 249 234
Chicago.......................... 378.8 456.8 390.0  Offshore........................................... 13 11 Other states............................ 34 31
Cleveland....................... 324.4 381.4 321.0 Maryland............................................ 0 0
Des Moines..................... 315.0 363.4 305.1 Michigan............................................ 0 1  Total 11,890 11,248
Detroit............................ 345.9 409.4 330.1 Mississippi......................................... 0 1
1
OGJ estimate. 2Revised. Source: Oil & Gas Journal.
Indianapolis................... 331.6 399.8 326.1 Montana............................................. 2 1 Data available at Oil & Gas Journal Research Center.
Kansas City.................... 310.5 348.8 290.0 Nebraska............................................ 0 0
Louisville........................
Memphis........................
303.7
294.3
348.1
340.1
315.1
308.1
New Mexico........................................ 109 85 US CRUDE PRICES 10-14-22
New York............................................ 0 0 $/bbl*
Milwaukee...................... 316.6 367.9 309.1 North Dakota...................................... 38 22
Minn.-St. Paul................ 325.7 374.7 305.6 Alaska-North Slope 27°.......................................... 95.42
Ohio................................................... 12 10 Light Louisiana Sweet............................................ 80.98
Oklahoma City................ 311.3 349.7 288.4 Oklahoma........................................... 65 43 California-Midway Sunset 13°............................... 81.05
Omaha........................... 316.8 360.9 301.8 Pennsylvania...................................... 24 17 California-Buena Vista Hills 26°............................ 93.66
St. Louis......................... 309.9 348.2 296.4 South Dakota..................................... 0 0 Southwest Wyoming Sweet..................................... 78.67
Tulsa.............................. 310.2 348.6 288.8 Texas.................................................. 365 250 East Texas Sweet.................................................... 79.25
Wichita........................... 306.9 349.3 294.0  Offshore........................................... 0 1 West Texas Sour 34°............................................... 77.00
  PAD II avg.................. 320.1 369.8 311.3   Inland waters................................... 0 1 West Texas Intermediate......................................... 82.00
Oklahoma Sweet.................................................... 82.00
  Dist. 1.............................................. 30 16 Texas Upper Gulf Coast.......................................... 75.75
Albuquerque................... 300.5 337.8 318.4   Dist. 2.............................................. 25 18 Michigan Sour........................................................ 74.00
Birmingham................... 271.0 320.7 293.1   Dist. 3.............................................. 10 3 Kansas Common.................................................... 81.00
Dallas-Fort Worth........... 273.5 311.9 283.4   Dist. 4.............................................. 22 9 North Dakota Sweet................................................ 82.75
Houston.......................... 287.7 326.1 285.7   Dist. 5.............................................. 4 0 *Current major refiner’s posted prices except N. Slope lags 2 months.
Little Rock...................... 268.9 312.1 291.8   Dist. 6.............................................. 28 14 40° gravity crude unless differing gravity is shown. Source: Oil & Gas
New Orleans................... 281.2 319.6 280.5   Dist. 7B............................................ 3 4 Journal. Data available at Oil & Gas Journal Research Center.
San Antonio.................... 274.9 313.3 283.8   Dist. 7C............................................ 29 22
  PAD III avg................. 279.7 320.2 290.9   Dist. 8..............................................
  Dist. 8A............................................
197
11
148
11
WORLD CRUDE PRICES
Cheyenne....................... 334.6 377.0 328.3 $/bbl
  Dist. 9.............................................. 2 0 OPEC reference basket Wkly. avg. 10-14-22 95.62
Denver............................ 328.9 369.3 359.2   Dist. 10............................................ 4 3
Salt Lake City................. 365.4 415.7 370.3 Utah................................................... 13 10 – Mo. avg., $/bbl – – Year to date –
  PAD IV avg................. 343.0 387.3 352.6 West Virginia...................................... 17 11 Aug.-22 Sept.-22 2021 2022
Wyoming............................................ 22 18
Los Angeles.................... 517.5 604.1 430.7 Others–NV, HI..................................... 2 0 Spot crudes
Phoenix.......................... 397.9 435.3 310.2 North Sea dated 99.62 89.82 67.82 105.35
Portland......................... 429.5 486.7 363.7   Total US......................................... 769 543 Dubai - Fateh 32 96.33 90.98 66.36 100.13
San Diego....................... 524.8 611.4 432.9   Total Canada................................. 216 168 Light Louisiana Sweet - USA 94.21 86.35 66.68 100.55
San Francisco................ 533.3 619.8 447.1 Mars - USA 89.93 82.94 64.64 96.03
Seattle........................... 470.2 538.0 390.1   Grand total.................................... 985 711 Urals - Russia 77.34 68.63 66.43 83.36
  PAD V avg.................. 478.9 549.2 395.8 US oil rigs.......................................... 610 445 West Texas Intermediate - USA 91.57 84.00 65.04 98.47
US gas rigs........................................ 157 98 OPEC Reference Basket 101.90 95.32 66.83 104.16
Week’s avg.................... 329.1 383.0 324.2 Total US offshore................................ 14 12
Sept. avg....................... 316.9 370.8 316.6 Differentials
Total US cum. avg. YTD...................... 708 454 North Sea dated/WTI 8.05 5.82 2.78 6.87
Aug. avg......................... 344.6 398.5 317.7 North Sea dated/LLS 5.41 3.47 1.14 4.80
2022 to date.................. 351.4 405.2 — Rotary rigs from spudding in to total depth. North Sea dated/Dubai 3.29 (1.16) 1.46 5.22
2021 to date.................. 238.8 290.7 — Definitions, see OGJ Sept. 18, 2006, p. 46.
Source: Baker Hughes Inc. Crude oil futures
*
Includes state and federal motor fuel taxes and state Data available at Oil & Gas Journal Research Center. NYMEX WTI 91.48 83.80 65.04 98.25
sales tax. Local governments may impose additional taxes. ICE Brent 97.74 90.57 67.97 102.48
Source: Oil & Gas Journal. DME Oman 97.24 89.99 66.52 100.19
Data available at Oil & Gas Journal Research Center.
Spread
ICE Brent-NYMEX WTI 6.26 6.77 2.92 4.23
Source: OPEC Monthly Oil Market Report.
Data available at Oil & Gas Journal Research Center.

REFINED PRODUCT PRICES IHS PETRODATA RIG COUNT

10-7-22 10-7-22   OCTOBER 14, 2022
¢/gal ¢/gal

Total Marketed Marketed
supply supply Marketed utilization US NATURAL GAS STORAGE1
Spot market product prices of rigs of rigs contracted rate (%) 10-7-22 9-30-22 10-7-21 Change,
No. 2 Distillate US Gulf of –——––—— bcf —––——– %
Motor gasoline   Mexico. . . . . . 47 35 29 82.9
 (Conventional-regular) Ultra Low sulfur diesel fuel East.................................... 782 756 831 (5.9)
  New York Harbor.......... 434.00 South Midwest.............................. 952 916 993 (4.1)
  New York Harbor.......... 307.70   America . . . . 38 34 34 100.0
  Gulf Coast................... 301.90   Gulf Coast................... 406.80 Mountain............................. 190 184 209 (9.1)
  Los Angeles................. 457.50 Northwest Pacific................................. 249 247 251 (0.8)
Europe. . . . . 65 60 53 88.3 South Central 1,058 1,003 1,075 (1.6)
Motor gasoline West Salt................................. 253 225 268 (5.6)
  (RBOB-regular) Kerosine jet fuel
  Africa. . . . . . 44 35 29 82.9 Nonsalt........................... 804 778 808 (0.5)
  New York Harbor.......... 328.20   Gulf Coast................... 392.80 Middle
  East. . . . . . . 170 158 146 92.4 Total US.............................. 3,231 3,106 3,359 (3.8)
No. 2 heating oil Propane Southeast
  New York Harbor.......... 406.80   Mont Belvieu............... 91.10 July-22 July-21 Change,%
  Asia. . . . . . . 59 55 46 83.6
  Worldwide. . . . 680 594 521 87.7 Total US2............................. 2,505 2,755 (9.1)
1
Working gas. 2At end of period.
Source: EIA Weekly Petroleum Status Report. Source: IHS Petrodata Source: Energy Information Administration
Data available at Oil & Gas Journal Research Center. Data available in Oil & Gas Journal Research Center. Data available at Oil & Gas Journal Research Center.
Oil & Gas Journal | Oct. 24, 202215

221024OGJ014-016.indd 15 10/20/22 9:58 AM

 STATISTICS
WORLD OIL BALANCE
EIA IEA OPEC

–—– 2022 ––— ——––––––– 2021——–––––– ––– 2022 –— ——––––––– 2021——–––––– ––– 2022 –— ——––––––– 2021——––––––
2nd 1st 4th 3rd 2nd 1st 2nd 1st 4th 3rd 2nd 1st 2nd 1st 4th 3rd 2nd 1st
qtr. qtr. qtr. qtr. qtr. qtr. qtr. qtr. qtr. qtr. qtr. qtr. qtr. qtr. qtr. qtr. qtr. qtr.
——————––– Million b/d ————–——– ——————– Million b/d ———––———– ——————– Million b/d ————––—–

DEMAND
 OECD....................................... 45.4 45.9 46.6 45.9 44.1 42.6 45.4 45.8 46.9 45.8 44.1 42.6 45.4 45.8 46.8 45.8 44.1 42.4
Non-OECD................................ 53.4 53.1 53.6 52.5 52.2 51.8 53.0 53.6 54.0 53.0 52.3 51.9 53.0 53.6 53.5 51.9 51.6 51.7

TOTAL DEMAND........................... 98.8 99.0 100.2 98.4 96.4 94.4 98.4 99.4 100.9 98.8 96.4 94.5 98.3 99.4 100.3 97.7 95.6 94.1
SUPPLY
 Non-OPEC
OECD..................................... 31.9 31.7 32.2 31.2 30.9 30.3 28.9 28.8 29.2 28.3 27.9 27.6 30.2 30.1 30.5 29.6 29.2 28.6
 Non-OECD.............................. 33.0 33.5 33.0 33.3 33.1 32.2 30.5 31.4 30.8 30.5 30.5 30.2 34.3 35.3 34.5 34.1 34.1 33.9

 OPEC
  Crude Oil .............................. 28.4 28.2 27.7 26.8 25.5 25.1 28.7 28.5 27.8 27.0 25.6 25.4 28.6 28.4 27.7 26.9 25.6 25.2
 NGLs...................................... 5.4 5.6 5.4 5.4 5.4 5.3 5.4 5.3 5.2 5.1 5.1 5.1 5.4 5.4 5.3 5.3 5.3 5.3

TOTAL SUPPLY1........................... 98.7 98.9 98.3 96.8 94.8 92.8 98.8 98.7 98.0 96.4 94.2 92.5 98.5 99.0 97.9 95.8 94.2 93.0

Stock change............................ (0.1) (0.1) (1.9) (1.6) (1.5) (1.5) 0.4 (0.7) (2.9) (2.4) (2.2) (2.0) 0.1 (0.3) (2.4) (1.8) (1.4) (1.0)
1
IEA total supply includes processing gains and global biofuels.
Source: US Energy Information Administration, International Energy Agency, OPEC
Data available in Oil & Gas Journal Research Center.

PETROLEUM CONSUMPTION IN OECD COUNTRIES OECD* TOTAL GROSS IMPORTS FROM OPEC
Chg. vs. Chg. vs.
previous previous
Jun. May Apr. Jun. –—– year –—— Jun. May Apr. Jun. ——– year —–—
2022 2022 2022 2021 Volume % 2022 2022 2022 2021 Volume %
–———————— Million b/d ––—————– ––———————— Million b/d ––—————–
France............................... 1,591 1,470 1,453 1,612 (21) (1.3) France............................... 644 644 460 494 150 30.4
Germany............................ 2,178 2,086 2,143 2,107 71 3.4 Germany............................ 318 331 367 245 73 29.8
Italy................................... 1,265 1,224 1,210 1,253 12 1.0 Italy................................... 779 715 688 729 50 6.9
United Kingdom................ 1,399 1,373 1,413 1,292 107 8.3 United Kingdom 274 248 306 180 94 52.2
Other OECD Europe........... 7,261 7,185 6,999 7,192 69 1.0 Other importers ................ 2,554 2,422 2,487 2,160 394 18.2
Total OECD Europe........... 13,694 13,338 13,218 13,456 238 1.8   Total OECD Europe....... 4,569 4,360 4,308 3,808 761 20.0
Canada............................. 2,361 2,095 2,114 2,350 11 0.5 Canda............................... 108 164 96 133 (25) (18.8)
United States.................... 20,772 20,077 19,957 20,586 186 0.9 United States.................... 1,554 1,334 1,238 1,176 378 32.1
Japan................................ 3,120 2,954 3,007 3,051 69 2.3 Japan................................ 2,265 2,509 2,628 1,764 501 28.4
South Korea....................... 2,343 2,602 2,515 2,603 (260) (10.0) South Korea....................... 1,971 1,885 2,029 1,698 273 16.1
Other OECD....................... 44 32 48 86 (42) (48.8)
Other OECD....................... 3,970 4,009 3,846 3,554 416 11.7   Total OECD................... 10,511 10,284 10,347 8,665 1,846 21.3
 
  Total OECD................... 46,260 45,075 44,657 45,600 660 1.4 Source: US Energy Information Administration
Data available at Oil & Gas Journal Research Center.
*End of Period. Source: US Energy Information Administration NOTE: No new data at press time.
Data available at Oil & Gas Journal Research Center.
NOTE: No new data at press time.

US PETROLEUM IMPORTS FROM SOURCE COUNTRY OIL STOCKS IN OECD COUNTRIES*

Chg. vs.
Average previous Chg. vs.
Jun. May —
–—YTD —–— —–– year —–— previous
2022 2022 2022 2021 Volume % Jun. May Apr. Jun. ——– year ——
–———––––––—— 1,000 b/d ––—––––––—— 2022 2022 2022 2021 Volume %
–———————— Million bbl ––————–
Algeria.............................. 74 96 44 43 46 107.0
Angola............................... 46 33 46 35 11 31.4 France................................. 145 148 146 163 (18) (11.0)
Kuwait............................... 50 65 44 23 21 91.3 Germany.............................. 268 271 271 276 (8) (2.9)
Nigeria.............................. 156 169 103 133 (30) (22.6) Italy..................................... 119 120 117 129 (10) (7.8)
Saudi Arabia..................... 802 595 590 360 230 63.9 United Kingdom.................. 67 68 72 76 (9) (11.8)
Venezuela.......................... 0 0 0 0 -- -- Other OECD Europe............. 765 767 771 816 (51) (6.3)
Other OPEC....................... 426 376 390 271 119 43.9   Total OECD Europe......... 1,364 1,374 1,377 1,460 (96) (6.6)
  Total OPEC................... 1,554 1,334 1,217 865 352 40.7
Canada............................... 184 189 193 202 (18) (8.9)
United States...................... 1,673 1,696 1,701 1,903 (230) (12.1)
Canada............................. 4,279 4,205 4,394 4,329 65 1.5
Mexico............................... 813 938 819 693 126 18.2 Japan.................................. 503 514 513 529 (26) (4.9)
Norway.............................. 42 38 41 67 (26) (38.8) South Korea......................... 166 166 179 195 (29) (14.9)
United Kingdom................ 142 128 92 91 1 1.1 Other OECD......................... 99 100 100 110 (11) (10.0)
Other non-OPEC................ 1,783 1,697 1,813 2,300 (487) (21.2)
  Total non-OPEC............ 7,059 7,006 7,159 7,480 (321) (4.3)   Total OECD..................... 3,989 4,039 4,063 4,399 (410) (9.3)
  TOTAL IMPORTS............ 8,613 8,340 8,376 8,345 31 0.4
*End of period.
Source: US Energy Information Administration Source: US Energy Information Administration
Data available at Oil & Gas Journal Research Center. Data available at Oil & Gas Journal Research Center.
NOTE: No new data at press time.

16 Oil & Gas Journal | Oct. 24, 2022

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