Phillips 66 Partners To Buy S. Louisiana NGL Logistics Assets
Despite infrastructure momentum, a significant ramp-up in NGL prices remains about three years away, East Daley analysts say.
Pentane-plus enjoys a bounce and ethane price gap narrows, but in general, NGL in summer funk.
Saudi Arabia is building a number of gas plants to meet rising domestic gas demand, Reuters reported.
Ethane, propane prices falter as poor economics hamper exports to Asia.
This is the first major deal by Williams Cos. since Energy Transfer Equity walked away from its more than $20 billion takeover of the company in June.
The East Coast businessman was on his first-ever trip out to Houston and Texas. Standing at the window of a major gas transmission system’s high-rise headquarters, he surveyed the thick urban forest that stretched out to the horizon 20 stories below. The Bayou City nestled down in its green carpet like ladybugs in a parsley bed.
Ethane prices bounce back, although the expected first export cargo from the Gulf Coast is delayed.
LyondellBasell's new HDPE plant on Gulf Coast to feature its new 'hyperzone' PE technology.
A subsidiary of the Dallas company, EnLink Midstream LLC, entered an approximately $800 million JV agreement with a NGP affilate to operate and expand EnLink's natural gas, NGL and crude oil midstream assets in the Delaware.
NGL prices continue to slide as large crude, gas inventories feed downcycle.
Price retreat by crude oil and natural gas drags NGL down for third straight week.