News

LNG

Chevron's Gorgon LNG Plant In Australia Shuts Train 3

Mechanical shutdown may lend some support to prices.

Reuters

Crude Oil

EIA: US Crude Oil Stockpiles Fall More Than Expected

On the East Coast, U.S. crude oil stockpiles fell to the lowest level since October 2014, the EIA said.

Reuters

Crude Oil

Mexican Oil Theft Even Reached Drilling Rigs, President Says

Mexican President Andres Manuel Lopez Obrador said on Jan. 15 that widespread fuel theft extended to oil drilling platforms and he pledged to take actions to alleviate shortages sparked by his crackdown on gasoline thieves.

Reuters

LNG

Venture Global Urges FERC To OK Louisiana Calcasieu LNG Export Plant

Venture Global told FERC in a filing it was "ready to commence construction of this multibillion-dollar project" in Lousiana noting the schedule called for a decision by Jan. 22.

Reuters

Crude Oil

EIA: US Oil Production To Rise To New Record In 2020

The U.S. has become the world's largest oil producer, boosted by output from shale formations, with production of nearly 11 million barrels in 2018, which broke the country's annual record set in 1970.

Reuters

Construction

Austrian Firm Rejects US Sanctions Threat Over Nord Stream 2

OMV CEO reacts to warning to companies by U.S. ambassador to Germany.

Construction

ACE Pipeline System Begins Open Season

Phillips 66 Partners, Harvest Midstream and PBF Logistics are jointly developing the crude oil pipeline in Louisiana.

Acquisitions & Divestitures

Leading Energy Transactions Partner Jerry Farano Joins Gibson Dunn’s Denver Office

Gibson Dunn said Jerry Farano, formerly Jones Day, has joined as a partner to continue his energy transactions practice in the law firm’s Denver office.

Crude Oil

EPIC Reaffirms Interim Service Date For Permian Crude Pipeline

EPIC Midstream Holdings, LP on Jan. 14 reaffirmed that the EPIC Crude Oil Pipeline remains on schedule to begin interim service from Crane, Texas to Corpus Christi, Texas, during the third quarter of 2019. The project is expected to be in permanent service beginning January 2020.

Business Wire

Natural Gas

US Natgas Futures Soar 8% On Frigid Weather Through Late January

Extreme volatility returned to U.S. natural gas futures on Jan 14, with the front-month up over 8% on forecasts for much colder weather and more heating demand than previously expected through the end of January.

Reuters

Debt & Equity

Citigroup Reportedly Names Greg Saksida New Head Of Canada Energy Banking

Citigroup has hired Greg Saksida from TD Securities to head energy investment banking in Canada, according to an internal memo seen by Reuters.

Reuters

Pipelines

Mexico City Pipeline Hit By ‘Sabotage’ Amid Crackdown On Fuel Theft

President Andres Manuel Lopez Obrador’s offensive against fuel robbers marks the leftist’s first attempt to tackle entrenched corruption since taking office on Dec. 1.

Reuters

Pages

Like what you read?

Sign up to receive free Midstream Business Newsletters.