Key North American Hub Prices: March 31, 2015
Atlantic Sunrise would transport about 1.7 billion cubic feet per day of Marcellus natural gas to mid-Atlantic and Southeastern U.S. markets. It is scheduled to go online in second-half 2017.
Mexico’s commitment to realizing its energy potential through privatization and its National Infrastructure Program means major expansion, and investment, is ahead for the country’s midstream infrastructure.
Michael A. Creel will retire at the end of the year as CEO of Enterprise Products Partners LP’s general partner. A.J. (Jim) Teague was elected to replace him.
Wentworth will be sold to Pentagon Energy LLC. The CNG will be exported to Latin America. Two Morgan Stanley managers involved with Wentworth will become Pentagon principals, sources told Reuters.
The abundance of shale gas has driven down gas prices for consumers and led to manufacturing expansions, to the tune of billions in benefits to the U.S. economy.
Key North American Hub Prices: March 27, 2015
Chevron Global Energy Inc. will sell its stake in refiner Caltex Australia Ltd., Business Wire said. Bloomberg said this marks Chevron’s exit from shale gas in Beach Energy’s Nappamerri Trough.
It is becoming clear that 2015 will be a “lost year” for crude oil, natural gas and NGL prices, but the hope is that it will be a minor blip.
Key North American Hub Prices: March 24, 2015
The pipeline transports condensate from DeWitt County, Texas, to the Port of Victoria. It handles about 50 Mbbl/d. The dropdown transaction’s total cost ranges between $210 million and $220 million.
Key North American Hub Prices: March 23, 2015