Will Gulf Coast infrastructure be ready when new supply gushes in? We’ll see.
Midland-based Diamondback Energy has announced more than $10 billion in acquisitions in a week. Also, Exxon Mobil leads high bidders in U.S. Gulf of Mexico lease sale.
Upward trajectory of emerging markets, particularly in Southeast Asia, present opportunity for growing production in the U.S.
NGL prices slip as a whole, but trade fears are unlikely to materialize.
‘Value over volume’ mantra has been discarded as investors seek growth in output.
Williams, Northern Oil & Gas, Pioneer Natural Resources also made A&D news this week. And, how much more oil is Anadarko producing in the Permian?
NGL ‘barrel’ returns to a level not seen since October 2014 as ethane stumbles.
Corpus Christi aims to be the ‘energy port of the Americas,’ its CEO tells the conference.
Oil prices slipped on Sept. 20 after U.S. President Donald Trump called on OPEC to “get prices down now!” ahead of a meeting of major oil exporters in Algeria this weekend.
Meanwhile, the number of DUCs in the Permian will rise by 211 to 3,630, the largest monthly increase since the EIA began tracking the data in September 2016.
CVR Refining, LP (NYSE: CVRR), a refiner and marketer of petroleum fuels, on Sept. 17 announced that it intends to sell its Cushing, Okla., crude oil tank farm and currently is entertaining bids from potential purchasers.
Oil production is expected to rise 31,000 barrels per day in the Permian Basin of Texas and New Mexico, the EIA said in a monthly report.
Extreme heat countered by below-average temperatures to balance gas prices.
Pipeline constraints are among the factors behind the blowout in the ethane price differential between Conway and Mont Belvieu.
Promising outlook for ethane’s growth could be threatened by trade troubles with China.
Propane is moving by rail from Appalachia because of pipeline constraints but fractionation constraints are a bigger issue.
As new infrastructure increases demand, liquids production has doubled so far this decade.
The substantial acreage dedication to Taproot is a strategic bolt-on opportunity to the existing system currently under construction and supports the initial acreage dedication with Bison Oil & Gas II LLC.
Woodside is also accelerating plans to build a pipeline to move gas from its Scarborough development.
Integrating all three sectors of the industry, as well as marketing, will position the company to be a global LNG leader, says John Howie.
Also this week, California’s plans for 100% carbon-free energy, U.S. dry natural gas production to reach an all-time high and updates on Hurricane Florence.
ClientEarth asks Swedish court to block construction of pipeline.
U.S. dry natural gas production should rise to an all-time high of 80.96 billion cubic feet per day (Bcf/d) in 2018 from 73.55 Bcf/d in 2017, according to the U.S. Energy Information Administration’s (EIA) Short Term Energy Outlook (STEO) released Sept. 11.
Enterprise Products Partners LP (NYSE: EPD) on Sept. 10 announced that construction is under way to increase loading capacity for LPG, primarily propane and butane, at the Enterprise Hydrocarbon Terminal (EHT) by 175,000 barrels per day (bbl/d), or approximately 5 million barrels (MMbbl) per month.
Black Bear Midstream announced on Sept. 10 that it entered into a contract to provide “dry” gas gathering service beginning in late 2018.
Energy Transfer secures the top NGL producer ranking in Hart Energy’s annual survey while MarkWest Energy retains the top gas processor ranking.
China’s environmental watchdog said a section of PetroChina’s fuel pipeline passing through Hebei has encroached on a nature reserve in the northern part of the province.
New unit will boost company’s Mont Belvieu capacity to 905,000 bbl/d.
Contanda Terminals LLC, a provider of bulk liquid storage and logistics services in North America, on Aug. 22 announced plans to construct a new, large-capacity storage terminal on its property along the Houston Ship Channel to support its strategic expansion into the petrochemical and hydrocarbon storage markets.
Facility is one of the largest in the world with capacity of 1.5 million tons per year.
Company confirms it is working on the purchase of a ‘strategic stake’ in the petrochemical maker.
Increased production of crude, gas, liquids and resins is helping the U.S. economy, but the lengthy approval process for midstream infrastructure is hindering this growth.
Ethane clears 30-cent hurdle for the first time in over four years but rest of NGL remain static.
Christophe Gerondeau, country chairman for Total in the U.S., described the company's petrochemical plans at a ground-breaking ceremony for a new ethane cracker in Port Arthur, Texas.