Enbridge endorsed either an underwater tunnel or trench to replace a section of its 65-year-old Line 5 pipeline that carries crude oil and NGL under a stretch of the U.S. Great Lakes.
Ethane clears 30-cent hurdle for the first time in over four years but rest of NGL remain static.
The Maya oil discount has been broadening because of the continued sharp widening of the West Texas Sour differential due to bottlenecks in the Midland Basin.
Hypothetical ‘barrel’ sets another high for the year but most NGL prices scuffle.
Petronas said it would buy an equity stake in LNG Canada, an export project led by Shell located in Kitimat, British Columbia, but didn't disclose a value for the acquisition.
Partnerships have survived the down-cycle and turned around, say Enterprise and EnLink executives at the annual MLP conference.
Isobutane led the charge with an 18% hike, but ethane continued to struggle.
Conway’s price crashes while Mont Belvieu’s outlook looks shaky with few export options.
FERC’s ruling, cited by the two pipeline companies as the reason for the moves, eliminated income tax allowances for some MLPs.
An imploding OPEC member, Venezuela, is barely noticed among the geopolitical stresses on the oil and gas markets.