Important trends could buffet the growing U.S. export market.
Soaring natural gas prices outpace increases in NGL; crude’s decline is linked to trader worries about an economic slowdown.
Getting molecules to market is key, Johnson tells Hart Energy’s Steve Toon.
Natural gas prices ramp up as NGL prices slide.
High inventories and rising natural gas prices are pressuring NGL prices and margins.
A Stratas Advisors director told Midstream Finance conference attendees that the latest look into the crystal ball of five-year outlook has U.S. supply growth positioning the country to become a net crude exporter.
Remember this when going public: It’s a clean slate and what transpired as a private company no longer matters.
An abundance of supply and a superior refining sector have positioned the U.S. well in the global energy trade. But threats to export success, both foreign and domestic, loom.
As U.S. midstream companies look to build infrastructure to deal with growing global demand, there will be a need to lure non-traditional investors to the table.
Plus, Australia finally tops world LNG stage, a new offshore exploration lawsuit emerges in the U.S. and 25 Influential Women in Energy announced.
Polish gas company PGNiG is set to receive a spot cargo of U.S. LNG on Dec. 13 as part of plans to reduce its reliance on Russian imports and to become a bigger player in the LNG market.
Total remains committed to the Australian Ichthys LNG project and the French company would be holding on to its remaining 26% stake in Ichthys, says a company exec.
It’s beginning to look a lot like a tight natural market everywhere you analyze, says Stratas Advisors.
Departure marks the first export of LNG from Texas.
Expansion of Transco gas pipeline will help meet growing demand from Northeast markets.
Lone Star Ports LLC will lead development and operation of a Carlyle Group-backed crude export terminal in Corpus Christi, Texas, that can fully load supertankers, according to a statement from the project leaders on Dec. 14.
Bulgaria plans to set up a state-owned company by the end of the year to operate a natural gas bourse, with liquidity secured through an agreement with Austria’s natural gas trading hub, its energy minister said on Dec. 14.
The Norwegian government has postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern Europe until the third quarter of next year, it said on Dec. 14.
The project targets full in-service for 2019 and reiterates its $4.6 billion cost estimate.
The predicted growth of electric vehicles will certainly hurt oil demand but that shift won’t be felt for another 15 to 20 years, which is more than enough time for investors to make money.
Takeaway capacity cannot keep up with rising production and rail loadings will likely diminish in the winter.
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.
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.
Bakken crude resumes its flow after three years.
The anticipated increases in fuel economy will keep diesel competitive with electric and other renewable sources.