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.
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.
NGL customers are buying early to take advantage of attractive prices.
Months after new rules were adopted to make rail cars hauling crude safer, oil companies discover new standards are more expensive and complicated than first thought, Reuters said.
Competition from Africa, Iran limits markets for light, tight oil from North American shale plays.
Case will be closed when civil penalty is paid and terms of a compliance order are completed, Pipeline and Hazardous Materials Safety Administration told Exxon in a letter, Reuters said.
Union Pacific Railroad serves the facility, which has 29,000 feet of track, including two unit train loop tracks, to move oil and frack sand to and from the Permian Basin.
Key North American Hub Prices: Oct. 6, 2015
From the perspective of defense and politics, strong gas exports will enhance the U.S.’s ability to shape events on the global stage, said Stefan Selig, undersecretary of commerce for international trade.
Key North American Hub Prices: Oct. 5, 2015
The total transaction value was about $2.1 billion. The NET Mexico Pipeline, the largest pipeline in the portfolio, transports low-cost domestic shale gas to Mexico.
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.
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.
This was JOGMEC's third LPG tender in fiscal year begun in April after previously buying 66,000 tonnes. Japan's trade ministry plans buying 198,000 tonnes during 2015 to 2016, Reuters said.