Looking to future exports of natural gas and NGL for an answer to price woes may lead to disappointment, an analyst says.
University of Houston professor Craig Pirrong: The oil-linked standard for LNG no longer holds any water.
Rail capacity is being overwhelmed by propane shipments, which could cause the product to become competitive with resurgent gas prices.
New wording in the regional energy infrastructure statement from six New England governors indicates states may not be able to overcome internal legislative barriers to form a unified strategy.
NGL prices went through their roughest patch since 2008, but questions still remain over whether the market’s recovery has begun or not.
Crude prices remained flat at $60/bbl, while NGL prices continue to sag. This decoupling is expected to return as the norm going forward.
Challenges in the propane market continue to present themselves as prices stay at 13-year low.
Despite improved crude and gas prices, NGL prices continue to drop as an oversupplied market is weighing heavily on profits.
Stakeholder provides natural gas gathering, compression, treating and processing in North American unconventional shale plays, including the Eagle Ford. It also provides NGL solutions and oil gathering, transportation and storage.
Kinder Morgan started up the first of two splitters to handle 50,000 barrels per day after manufacturers’ parts were delayed and there were weather issues affecting startup, Reuters said.
A loan from VTTI BV financed the deal. VTTI indirectly owns a total economic interest of 42.6% and a 51.0% indirect voting interest in VTTI Operating.
The proprietary 367-mile offshore pipeline can transport 350,000 barrels per day of crude oil to Texas and Louisiana markets. South Marsh Island strategic platform 205 is under ownership.
Legacy opens up a new play in East Texas in a deal that also gives it gas gathering and processing assets while teaming with private equity to drill the Permian.
Key North American Hub Prices: July 7, 2015
Midstream assets included in the joint venture include a natural gas processing plant in Tioga, N.D. Hess Infrastructure will make an IPO of Hess Midstream Partners LP common units.
The first of two Robstown fractionation trains are handling about 32Mbbl/d of y-grade. The second train is in the commissioning phase, and is scheduled to be operational in August.
The Lucerne 2 natural gas processing plant connects to the Front Range Pipeline for NGL takeaway to Mont Belvieu, Texas.
DCP has a one-third ownership interest in the pipeline.
Frontline 2012 was spun off from Frontline three years ago and has since divested its dry-bulk and gas fleet to focus on crude oil and product tankers, Reuters said.
Jonathan (JQ) Affleck was appointed by the board to replace Steven G. Twele as vice president and CFO of the general partner of World Point Terminals LP