Commodity prices continue their summer slump, but fall and winter should provide modest upticks.
Enbridge Inc. is considering natural gas and power generation acquisitions to help boost the diversity of its asset base, the company's CEO said July 31, Reuters said.
Mier-Monterrey pipeline could carry about 1.340 billion cubic feet per day of natural gas. Existing pipeline will be looped from the Mexico-U.S. border to Huinalá, Nuevo León, Mexico.
By 2019, 8.5 billion cubic feet of LNG could leave market, affecting prices during very cold winters, Bloomberg new energy finance analyst and BNP Paribas’ commodity investor team director said.
Of the positions that will be eliminated 950 are in the Houston, where Chevron has about 8,000 employees.
Key North American Hub Prices: July 28, 2015
Indian oil refinery complex operator Reliance invested more than $8 billion in its U.S. unconventional gas joint ventures through March, Bloomberg reported. It is considering sale in private matter.
Key North American Hub Prices: July 27, 2015
Under deal with Enterprise Partners, feedstock may be used in U.S. or exported, acting CEO Yousef al Benyan told Bloomberg. Saudi Basic Industries Corp. converted U.K. crackers to produce olefins.
Key North American Hub Prices: July 24, 2015
Phase One of the pipeline in southeast Pennsylvania is scheduled to be in service by third-quarter 2016, and Phase Two is scheduled to be in service by mid-year 2017.
Key North American Hub Prices: July 23, 2015