Oil-price volatility is creating a nightmare for petrochemical companies planning investments, according to Don Bari, vice president of technology and analytics for IHS Chemical and author of the report.
Moody’s lowers its outlook for global sector from ‘positive’ to ‘stable’ as spending cuts, reduced production cloud outlook for industry.
Midstream MLP distribution growth should remain strong through 2016 as midstream development catches up with U.S. production, analyst says.
Maynard Holt, the head of investment banking for Tudor, Pickering Holt & Co., sees reasons to be optimistic about future oil prices.
Headwinds forced propane prices back down, but some analysts suggest the market could work off inventories sooner than expected.
Improved NGL prices provide some hope for the market, but the outlook for crude remains challenging.
Though NGL prices won’t be rebounding in the near-term, there was some welcome news to be found in the propane market.
Fundamental improvements in the crude market are helping the market reach a bottom.
Delaware Basin Express will carry condensate and crude oil to the Texas Gulf Coast and will connect the Permian Basin through the Eagle Ford Basin.
The deal is the company's first acquisition since its IPO last October, said Dan Borgen, USD CEO.
The Congressional Budget Office estimates federal lease revenues would increase by $1.4 billion over a 9-year period, but Interior Department struggles to maintain collection staff.
The 150-car unit train carried 16,500 tonnes of frack sand from Ottawa, Ill. Operator BNSF Railway Co. transferred the train’s service in Clovis, N.M., to Southwest Railroad Inc.
Key North American Hub Prices: Oct. 13, 2015
Antero will receive Nymex-based pricing and deliver gas from the Sherwood processing plant through firm transportation on Columbia Gulf Transmission Pipeline.
Key North American Hub Prices: Oct. 12, 2015
Crestwood owns and operates midstream assets serving producers across the Marcellus, Bakken, Eagle Ford, Permian Basin, Powder River Basin Niobrara, Utica, Barnett, Fayetteville and Haynesville shale plays.
The UMTP project will transport NGL and condensate produced from the Utica and Marcellus basins to delivery points along the Texas Gulf Coast.
The Houston company expects this to increase its natural gas processing capacity to 400 MMcf/d in the region's Terryville Complex.
Additional volumes of ethane, propane, butane, C3+, natural gas and condensate from Marcellus and Utica processing facilities will be taken to Sunoco Logistics’ Marcus Hook industrial complex.
Some land storage tank capacity levels are above 70%, near the maximum, according to traders, Reuters said. Vitol booked two 90,000 tonne tankers offshore the U.K. to store diesel.
The new, 600-foot long vessels will carry 14.5 million gallons of crude oil or refined products. After construction, they will be sold to KMI subsidiaries.
New Hampshire Supreme Court ruling affirms 2013 jury decision rejecting Exxon's claims that groundwater contamination from MTBE additive was fault of local gas stations and storage facilities that spilled it, Reuters said.
Black Rhino's partner in building the 550 kilometer-long (340 mile-long) pipeline is MOGS Oil & Gas Services (BRM), a subsidiary of Royal Bafokeng Holdings, Reuters said.