Decreased E&P activity hasn’t helped prices recover, partly because improved efficiencies have improved production with volumes dropping only recently.
The headwinds facing natural gas prices have been known for months, but they came to a head this past week with the mild temperatures with the likelihood that storage levels will continue to build much later than normal.
Report: Large production-growth regions in 2015 are not expected to repeat their performance in 2016.
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.
This year has been forgettable when it comes to oil, gas and NGL prices, but how much better can 2016 get?
Commodity prices were generally down this week, but there was some light peeking through the darkness.
Limited heating demand is proving to be a major headwind for gas and liquids prices, while uncertainty remains in the crude market.
"Unless non-OPEC say they are willing to help, I think there will be no change," said a delegate from a major OPEC producer. "OPEC will not cut alone."
Domestic and Canadian crude would move via train to Washington's Port of Vancouver on the Columbia River, then transferred to vessels feeding West Coast refineries, largely in California, Reuters said.
Separately, PDVSA has been receiving regular imports of heavy naphtha, metyl tert butil ether (MTBE) and reformate under supply agreements with private firms, Reuters said
Oil traders who expect crude prices to rise will often buy cargoes and store them on ships, but rental cost has risen sharply this year, Reuters said.
Oando's gas and power unit reported a net income of $19 million for the nine months to September, down from $22 million the previous year.
Key North American Hub Prices: Nov. 25, 2015
After purchasing Permian Basin acreage for $2.75 billion, WPX Energy is set on selling assets in the San Juan Basin, Kansas and the Piceance Basin as it clears the deck of debt.
Gasoline prices are the lowest they have been for consumers in seven years, according to data from the Energy Information Administration.
The offer values Targa Resources Partners at $36.09 per share, and represents a premium of 18.4% to the stock's closing price on Nov. 2, according to Reuters' calculations.
The year 2015 may be tough, but for midstream companies this isn’t a slump. “This industry has never seen a challenge it couldn’t overcome,” said Barry Davis, EnLink Midstream CEO, at Hart Energy’s Midstream Texas conference in San Antonio.
The Y-grade pipeline connecting the Gregory processing facility to the Bonnie View and Robstown fractionators was also completed. All three processing facilities are now connected to Robstown and Bonnie View
Injection point on Line 2 was flooded after recent heavy rain in the Houston area. Colonial shut the facility to allow water to recede and for subsequent repairs, Reuters said.
The board of directors will elect Suzanne McCarron to replace him, the company added. McCarron is currently general manager of public and government affairs, and president of ExxonMobil Foundation.
Salt cavern facility will store about 1 million barrels of ethane. Pipeline will connect it to Veresen's Alberta ethane gathering system. Facility and related infrastructure will cost about CA$140 million.
Supply for the new terminal, located along the Houston Ship Channel, will be sourced from Enterprise’s NGL fractionation and storage complex in Mont Belvieu, Texas, and transported through a 24-inch diameter pipeline currently under construction.