The U.S. Energy Information Administration (EIA) on July 25 released a report projecting that world energy consumption will grow by 56% between 2010 and 2040.
In anticipation of the release of its North American NGL study next month, IHS CERA held a webinar, “Rebalancing NGLs in an Unconventional North America,” to discuss several findings of the study. Much of the report will focus on how the marketplace is expected to handle increased volumes from liquids-rich shale plays.
Natural gas liquid (NGL) frac spreads followed their NGL price movements this past week, as every NGL frac spread margin was up this week aside from C5+, the lone NGL to fall in price this week.
Despite increased natural gas liquid prices, higher natural gas feedstock prices helped to push down frac spread margins in most cases in the month of December.
Decreases in natural gas feedstock prices helped to increase natural gas liquid frac spread margins or, in some cases, cushion the fall. Feedstock prices at Conway were down 6% while feedstock prices at Mont Belvieu were off 8% from last week.
Natural gas liquids (NGLs) prices dropping for the most part and natural gas feedstock prices increasing at both Conway and Mont Belvieu, NGL frac spread margins were largely down at both hubs. The lone exception was ethane, which was up 6% at Conway and 1% at Mont Belvieu.
Platts Light Houston Sweet takes into account trading on both a flat price and a floating price basis. It reflects 1,000 barrels per day of ratable crude.
TransCanada Corp., Calgary, Alberta, Canada, has raised the cost estimate of the beleaguered Keystone XL pipeline expansion by US$1 billion to $13 billion and said it expects regulatory delays.
The Payne County community proudly proclaims itself “pipeline crossroads of the world,” and while it is relatively easy to get oil to Cushing, it is not as easy to get it out.
Light sweet crude oil saw a $1.47 increase in the price per barrel on the New York Mercantile Exchange.
Natural gas liquid (NGL) prices were up in all every case outside of C5+prices this week at both Mont Belvieu and Conway, as the U.S. winter continues to cut into natural gas storage levels. While current weather conditions remain pretty mild throughout much of the country, this price increase followed last week’s heavy natural gas in storage levels.
Propane prices improved for the second straight week at both Conway and Mont Belvieu and are nearly back at the same level they had in the second week of January. Although ethane prices also improved at both hubs, natural gas liquid prices were largely down in most other cases.
Natural gas liquids prices were largely down this week at both Conway and Mont Belvieu with only ethane and propane prices improving at either hub.
Prices for natural gas liquids (NGLs) largely retreated this week, pushing prices below their average January price range. However, for the most part, prices remained healthy compared to the same period one year ago, as well as in December.
LDH Energy, Wilton, Connecticut, has reported that it has entered into a definitive agreement to sell its Midstream Assets business segment, LDH Energy Asset Holdings LLC , to ETP-Regency Midstream Holdings, LLC, a joint venture owned by Energy Transfer Partners, L.P. and Regency Energy Partners LP for approximately $1.925 billion in cash.
In the Marcellus, ethane is a cost of doing business and an opportunity, according to Madison Williams & Co. managing director Robert Lane.
Shell is developing plans to build a world-scale ethylene cracker with integrated derivative units in the Appalachian region of the U.S.
Aither Chemicals believes it has a competitive advantage when it comes to building a petrochemical plant in the Northeast.