Williams Partners LP announced Oct. 29 it expects its expanded Geismar Olefins plant to begin manufacturing ethylene for sale in November. That time line is consistent with the financial guidance the partnership provided in July.
ONEOK Partners LP agreed to acquire NGL pipelines and related assets from Chevron Corp. affiliates for about $800 million.
Though natural gas and NGL prices have been decoupling from oil prices for the past several years, the sudden downturn in crude prices have pulled the entire hydrocarbon sector down with it.
The U.S. Energy Information Administration (EIA) is expanding the State Heating Oil and Propane Program (SHOPP) for the winter heating season of 2014 to 2015.
NGL prices took a large downturn as they followed the downward trajectory of West Texas Intermediate (WTI) crude prices, which fell to their lowest levels in several years just above $80 per barrel (/bbl).
The Marcellus and Utica shales represent an opportunity and not a guarantee for Pennsylvania, Ohio and West Virginia to remake their economies by rebuilding their manufacturing and petrochemical industries, but only if they work together.
Like peanut butter and jelly, the fortunes of oil and gas are inseparable. Expect slower NGL production growth unless crude can be exported.
While the rest of the NGL barrel (bbl) has experienced price depreciations related to the shoulder season and decreased values for West Texas Intermediate (WTI) crude oil, propane prices improved the first week of October based on seasonal and LPG export demand.
As Canada, Northeast struggle to handle increased supply, analyst sees good chance of success for much of region’s monumental petrochemical infrastructure plan.
NGL prices took a downturn as September came to a close.
North America’s extensive natural gas pipeline network has made rapid development of the unconventional shale plays possible, a panel of pipeline industry leaders told the North American Gas Forum in Washington, D.C., Tuesday.
Adam Sieminski, the administrator of the US Energy Information Administration, said the agency predicts that as many as 13 million barrels per day of crude oil could be produced in the next decade.