News

Natural Gas

FERC Denies Rehearing For Pennsylvania-New York Constitution Natgas Pipe

Williams had asked FERC for more time to complete the project, which it has not started, because the DEC denied the company’s request for water quality certification.

Reuters

Crude Oil

Kinder Morgan Canada Profit Drops On Lower Crude Shipments

Trans Mountain pipeline troubles hamper earnings.

Reuters

LNG

US LNG Exports To China Decline As Trade War Escalates

Chinese official cites seasonal market as one reason for decline.

Reuters

Natural Gas

Atlantic Sunrise Expected To Commence Full Service In Second Half Of August

Williams Partners LP said that construction is nearing completion on the Atlantic Sunrise pipeline project.

Business Wire

Natural Gas Liquids

ETP Mariner Liquids Pipe Racks Up More Pennsylvania Violations

It was the 65th notice of violation the Pennsylvania Department of Environmental Protection (DEP) issued the project since construction began in February 2017.

Reuters

Crude Oil

US Crude Stocks Up As Oil Production Hits New Record

The EIA said U.S. crude oil production hit 11 million bbl/d for the first time in the nation's history last week, which would put the country just behind Russia as the world's largest producer of crude oil.

Reuters

Crude Oil

Libya's NOC Declares Force Majeure On Zawiya Exports As Sharara Output Drops

Libya’s National Oil Corporation (NOC) said on July 17 it had declared force majeure on exports from Zawiya oil terminal as production at Sharara oilfield dropped to 125,000 barrels per day (bbl/d).

Reuters

Regulation

Russia, Ukraine To Hold Further Gas Transit Talks

Ukraine's transit role is also imperiled by the planned Nord Stream 2 pipeline which would directly link Russia with Germany via the Baltic Sea, bypassing Ukraine.

Reuters

Debt & Equity

Carlyle Reportedly Seeks To Raise New $4 Billion Energy Fund

The new $4 billion fund will be used by Carlyle to buy companies in the energy supply chain outside of North America, the Financial Times reported.

Reuters

Crude Oil

Intercontinental Exchange To Launch Houston Oil Contract

Houston has become the pricing center for U.S. crude oil production and exports, and the new contract is designed to serve hedging and trading opportunities in that market.

Reuters

Construction

Enterprise To Develop Offshore Texas Crude Oil Export Terminal

New terminal will be able to load VLCCs with capacity of 2 million barrels.

Debt & Equity

Capital Constellation Backs Ara Partners Group With $150 Million

Ara Partners is a private-equity platform based in Houston that principally invests in the energy and industrial sectors with about $2.4 billion in assets under management

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