Mexico’s commitment to realizing its energy potential through privatization and its National Infrastructure Program means major expansion, and investment, is ahead for the country’s midstream infrastructure.
A consultant can evaluate a company’s assets to choose the best path forward without requiring a large investment during a downturn, a Sapient Global Markets director told Hart Energy.
The U.S. and Texas would then have the upper hand in controlling global prices, Sitton says. The challenge for the industry is public perception.
A work stoppage that began on Feb. 15 ends on Feb. 17 with an agreement to enter arbitration.
Anadarko and project partners estimate there is 75 Tcf of exploitable gas offshore Mozambique, Bloomberg said. The Rovuma Basin could hold 120 Tcf technically recoverable reserves, a consultant said.
Only 10% to 20% of LNG will move between markets in Pacific/Japan, Middle East/India and an Atlantic/U.S. Gulf Coast region including Caribbean, South America and Europe, an expert told Bloomberg.
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.
Royal Dutch Shell Plc is involved in TransCanada Corp.’s Kitimat LNG project, and LNG Canada project shipping gas to Asia, Bloomberg said. Shell will likely stay committed amid BG purchase.
Pierre Arcand, energy and natural resources minister for Quebec, Canada, said TransCanada’s decision scrapping Energy East marine terminal in Cacouna toughens the province’s evaluation of the project, Bloomberg said.
North Montney Mainline will initially ship about 2.4 billion cubic feet/day of natural gas. It will connect Montney Basin, other Western Canadian Sedimentary Basin supplies to new and existing markets.
Dan Revers, managing partner and co-founder of ArcLight, said the firm has a long track record of investing in refined products storage and pipeline infrastructure.
JP Energy Partners LP will acquire the assets of Southern Propane Inc. for about $14.9 million, Business Wire said. JP also announced plans for its Silver Dollar Pipeline system.
Andy Reckles, Legend’s board chairman and CEO, said that acquiring Maxxon puts Legend squarely into midstream. The company will continue its E&P business in Kansas and Oklahoma, he added.
Delek US Holdings’ El Dorado, Ark., refinery and the Tyler, Texas, refinery will be supported by the purchase of a crude oil storage tank and rail offloading racks.
BNSF Railway Co. cut the speed of oil-carrying trains in some urban areas to 35 mph, Bloomberg said. Other railroads are aware of the March 25 measures, a spokesman said.
Barry Smitherman is the only person in Texas history to have served on both the Texas Railroad Commission and the Public Utility Commission of Texas.