A wave of cheap money chasing deals is taking the pressure to divest midstream assets off of upstream operators, while making deals more challenging.
Despite WTI crude hitting its high price for 2015, NGL prices were largely flat as storage overhangs continue to negatively impact the industry.
Global oil demand for 2015 is now seen rising by 1.1 million barrels per day (MMbbl/d) to a total of 93.6 MMbbl/d, thanks to a “steadily improving global economic backdrop.”
In line with requests from industry trade organizations, FERC opted to maintain the current U.S. gas trading day start time of 9 a.m. Central time.
As volumes exceed domestic demand, the midstream is responding by providing access to new markets around the world.
Infrastructure is more secure than ever, but an industry bruised by public attention to isolated catastrophic events is urged to adopt a collaborative, proactive approach to setting standards.
Millennials’ consumer activism does not embrace hydrocarbons, researcher says.
With BG Group up for grabs, it looks Shell will absorb the smaller company in what analysts are predicting might be a wave of new M&A.
NGL demand was down this week as the Houston Ship Channel reopened and traders were no longer scrambling for extra volumes to meet end-of-month fulfillments.
While not every U.S. refiner may consider this a “golden age,” most would likely agree the environment is better now than it was only a few years ago.
After a series of high-profile derailments of tank cars carrying crude oil, trade associations, industry-leading companies and regulators are taking action to avoid future incidents.
ONEOK partners with Mexican infrastructure giant on $500 million pipeline and sets sight on meeting projected demand as exports to Mexico double to 3.8 Bcf/d by 2018.