During the Obama years, NGL prices recovered from the Great Recession.
North Dakota's oil production will likely fall below 1 million barrels per day (MMbbl/d) by the end of January due to harsh winter weather and low oil prices, state regulators said on Jan. 13.
Former ExxonMobil CEO provided hints to the direction U.S. foreign policy will take during his Senate confirmation hearing.
Mizuho expects rising demand from petrochemical plants to bolster ethane.
Dry gas output in 2016 averaged 72.36 Bcf/d as low energy prices reduced drilling activity. It was the first annual production decline since 2005.
Calgary-based Enbridge said it had been discussing the easement renewals since before the agreements expired in 2013, and that the pipeline had operated safely through the reservation since 1953, Reuters reported.
The NEBC expansion will carry NGL and condensate from the Montney to Pembina’s downstream pipeline systems feeding into the Edmonton and Fort Saskatchewan, Alberta, markets.
Strong crude prices and rising demand push NGL ‘barrel’ to 25-month highs.
The combined company, which has an enterprise value of $11 billion, will be renamed DCP Midstream LP and will trade with the ticker symbol "DCP" on the New York Stock Exchange.
2016 NGL prices, led by butane, soar in December to match the previous year’s averages.
An expanded Panama Canal opens up opportunities for U.S. exporters, especially in LNG and ethane markets.
Don Althoff, president and CEO, said Veresen now has more than CA$1.4 billion of projects under construction.