Frac Spread: How Bad Can Venezuela’s Crisis Get?

Frac Spread: How Bad Can Venezuela’s Crisis Get?

In the short term, a potential war makes the crude oil situation dicey at best.

Joseph Markman, Hart Energy

Frac Spread: Snow Doubt Gas Price Is Rising

Frac Spread: Snow Doubt Gas Price Is Rising

Winter storm is spurring higher demand for gas, but NGL prices are mostly static.

Joseph Markman, Hart Energy

Frac Spread: A Comforting Start To The Year

Frac Spread: A Comforting Start To The Year

Ethane is much stronger than it was 12 months ago and margins widen across the board.

Joseph Markman, Hart Energy

Chevron, Occidental Invest In Bill Gates-Backed CO2 Removal Technology

Chevron, Occidental Invest In Bill Gates-Backed CO2 Removal Technology

The Chevron and Occidental deal marks the first significant investment by energy groups into the technology developed by Carbon Engineering, a Bill Gates-backed start-up based in Canada.

Leslie Hook, Financial Times

Column: Midstream’s Sea Change

Column: Midstream’s Sea Change

I fell into the energy business midway between the two shortage-plagued oil shocks of the 1970s and I relish several high points during my career: visits to the North Sea and Prudhoe Bay; a tour of Henry Hub; time at Kenai, Alaska, within the nation’s first LNG liquefaction plant; and an itinerary around Singapore’s sprawling refinery/petrochemical industry.

Paul Hart, Hart Energy

BP_BHP_ConocoPhillips_Sabine Pass Liquefaction_Cheniere Energy_Canadian Government

HEADLINES: BP, ConocoPhillips Asset Swap; Cheniere, Petronas LNG Deal

BP to sell U.S. onshore assets to help fund BHP asset purchase. Plus, the Canadian government is giving its struggling oil sector a boost. 

Frac Spread: Kansas Ethane, I’ve A Feeling We’re Not In Single Digits Anymore

Frac Spread: Kansas Ethane, I’ve A Feeling We’re Not In Single Digits Anymore

The ethane spread between Conway and Mont Belvieu has narrowed dramatically since the summer.

Joseph Markman, Hart Energy

The summit of Mount Fuji looms in the distance just above the Tokyo skyline and the city's busy port. Japan is a major customer for U.S. energy exports. (Source: Shutterstock/BNK Maritime)

Setting Sales: Companies That Push Out Exports

Several companies in the sector play crucial roles as the midstream grows to handle greater sales abroad.

Erin Pedigo, Hart Energy

A house in Brooklyn, N.Y., shown in November 2017, is an example of holiday light displays that impact the natural gas market. (Source: Shutterstock)

Frac Spread: It’s The Most Volatile Time Of The Year

Higher gas prices, narrower NGL margins and an ethane market on track for a spike decorate the outlook.

Joseph Markman, Hart Energy

Sempra Texas Port Arthur LNG Export Plant Passes Environmental Test

FERC says environmental impact would be at ‘less-than-significant’ levels.

Reuters

Anadarko Signs Long-Term Deal With CNOOC For Mozambique Gas

Anadarko Petroleum Corp said on Feb. 1 a long-term agreement had been signed with the trading division of China's state-owned offshore oil and gas producer CNOOC Ltd to supply LNG from Mozambique.

Reuters

Off-takers Face Challenge As Asia Demand Lags Surging US LNG Output

Some utilities now rethinking their contracts, one analyst says.

Reuters

Report: Russia's Novatek Head Sees LNG From US As Chief Threat

Leonid Mikhelson, the head of Russia's Novatek said on Jan. 25 that LNG from the United States as its chief threat, Interfax news agency reported.

Reuters

ExxonMobil Signs Preliminary Deal For German Floating LNG Terminal

German utility Uniper says FSRU will give U.S. LNG exporters an outlet to Europe.

Reuters

Newcomers Pile Into Race For Qatar LNG

Qatar is preparing to issue a tender for energy firms seeking a stake in its gas expansion project, drawing interest from long-standing partners as well as newcomers.

Reuters

Magellan Cancels Plan For Short-Haul Oil Pipeline In West Texas

The Tulsa-based company plans to pursue a lower-cost project to meet shipper needs in an effort to be more capital efficient, its CEO told investors on a conference call.

Reuters

HEADLINES: Traders Deciphering Venezuelan Sanctions; Moda's VLCC Loading Berth

How producers may be organizing around some common themes in 2019, plus a look ahead to Hart Energy’s new video program launch. 

Jessica Morales

US DOJ Says Sunoco Pipeline To Pay $5.4 Million For Oil Spills

Sunoco Pipeline, an Energy Transfer Partners unit, agreed to pay roughly $5.4 million to settle claims tied to three oil spills in Texas, Louisiana and Oklahoma.

Reuters

Enterprise’s Repurposed Permian Basin Pipeline To Begin Service Soon

Enterprise Products Partners has begun the process of converting an NGL pipeline in the Permian Basin to carry crude oil to the U.S. Gulf Coast.

Reuters

Magellan Midstream And Navigator Energy Services Extend Open Season For Potential Cushing-To-Houston Crude Oil Pipeline

Magellan Midstream Partners, L.P. (NYSE: MMP) and Navigator Energy Services announced on Jan. 31 an extension of the open season to solicit commitments from shippers for the potential new Voyager pipeline to transport various grades of light crude oil and condensate from Cushing, Oklahoma to Houston.

Reuters

Canadian Province Of Alberta Lowers Oil Curtailments As Glut Eases

The Canadian province of Alberta will ease oil curtailments in February and March, earlier than expected, saying on Jan. 30 that its rare step to limit production had eased a glut of crude.

Reuters

North Dakota Oil Prices Set To Weaken Further Amid Pipe, Rail Constraints

Takeaway capacity cannot keep up with rising production and rail loadings will likely diminish in the winter.

Reuters

Waste Management Energy Services Opens Solids, Liquids Injection Disposal Facility In West Texas

Waste Management Energy Services of Texas, LLC, an in-direct subsidiary of Houston-based Waste Management, Inc. (NYSE: WM), announced On Oct. 11 that its new Reeves County Solids and Liquids Injection Facility, designed for the safe disposal of oilfield wastes, is now fully operational.

Reuters

Cenovus Signs Crude-By-Rail Transport Deals To US Gulf Coast

The deals come as the discount on Canadian heavy oil has spread to $42, its widest point on record, as rising production from Alberta's oil sands has run up against full pipelines, leading to swelling volumes in storage.

Reuters

Philadelphia-Area Crude Rail Terminal Reawakened By Discounted Crude

Bakken crude resumes its flow after three years.

Reuters

Report: Diesel Fuel Will Still Drive Commercial Vehicles For Years

The anticipated increases in fuel economy will keep diesel competitive with electric and other renewable sources.

Terrance Harris, Hart Energy

Vista Commences Crude Transloading Operations With JupiterMLP

Leveraging Pecos terminal to help alleviate Permian Basin crude takeaway constraints.

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