News

Crude Oil

Oil Prices Slip After Trump Criticizes OPEC

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.

Reuters

Natural Gas

Taproot Secures Acreage Dedication To Expand Midstream System In D-J Basin

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.

Business Wire

LNG

China LNG Tariff Casts Shadow Over New US Export Terminals

Analysts say the tariffs will particularly hit plans by U.S. companies, such as Cheniere, Sempra Energy and Kinder Morgan, to build new LNG terminals or expand existing ones by adding processing units.

Reuters

Crude Oil

Report: Permian's Output To Rise At Slowest Pace Since Late 2016

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.

Reuters

Regulation

Trump Administration Eases Rule On Methane Leaks On Public Land

Revisions to the Obama-era plan include changes to the percentage of methane that must be captured at drilling locations and measures on well completions and leak detections.

Reuters

Acquisitions & Divestitures

CVR Refining Announces Taking Bids On Cushing Tank Farm Assets

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.

Gathering-Processing

Southcross Elects James W. Swent III As Chairman, President, CEO

Southcross Energy Partners LP (NYSE: SXE) has named James W. Swent III as chairman, president and CEO by its board of directors, the company said on Sept. 18.

Crude Oil

EIA Projects US Shale Oil Production To Rise In October

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.

Reuters

LNG

Cheniere Signs 15-Year LNG Deal With Oil Trading Giant Vitol

Cheniere said it will sell 700,000 tonnes of LNG per year to Vitol, starting in 2018 with a purchase price pegged to the Henry Hub monthly average, plus a fee.

Reuters

LNG

Germany Says Gas Market Open As US Eyes LNG Exports

U.S. official tells newspaper that Russian gas imports would be challenged in the market.

Reuters

Shell Targets Lower Methane Emissions From Oil, Gas Operations

Shell aims to maintain methane emissions below 0.2% of its total oil and gas production by 2025, the company said in a statement.

Reuters

Acquisitions & Divestitures

Kinder Morgan Hires Firm To Sell Remaining Canadian Business, Sources Say

Should the move succeed, it would mark the exit of Kinder Morgan from Canada, having closed its sale of the Trans Mountain pipeline at the end of last month.

Reuters

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