The threat from electromagnetic pulses is real, the consequences are enormous and the solutions are available, experts say. Putting those solutions into effect is a huge challenge, however.
OPEC expects demand for the cartel’s crude in 2019 at almost 1 million barrels a day (MMbbl/d) less than last year as supply is expected to outweigh demand.
Texas State Senator Brian Birdwell advised the Texas Pipeline Association against complacency simply because the Trump administration is oil and gas friendly.
Winter storm is spurring higher demand for gas, but NGL prices are mostly static.
Natural gas prices have surged forward since Jan. 13 in the biggest gain since November and Stratas Advisors expect cold weather to offer positive pressure to price activity for the week ahead.
The EIA’s new forecast sees that the recently occurring anomaly of the U.S. as a net oil exporter will eventually become the norm.
Concurrent with its formation, the JV, SemCAMS Midstream, also agreed to acquire the Montney operating portfolio of Meritage Midstream ULC.
A Permian standard is emerging after experimentation during a decade of drilling the basin’s multiple unconventional shales has found diminishing returns, says CEO of reserve evaluation firm Haas Engineering.
Texas emissions plan should continue if only to fend off future interference from the U.S. EPA, says Birdwell.
For the week ahead, Stratas Advisors expect Brent to average $61.
New Fortress Energy is looking to capitalize on a growing supply-demand gap by developing LNG assets particularly in areas with significant “stranded” natural gas reserves.