In the short term, midstream infrastructure may be overbuilt but high export demand points to a strong future, according to two new reports.
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.
Oil and gas employment in the Lone Star State fell by 500 jobs in November compared to October, which the Texas Oil & Gas Association said ended a 23-month long consecutive growth.
The Supreme Court's action marked the latest setback for Exxon Mobil in its efforts to halt the Massachusetts investigation and a similar one by New York's attorney general.
Ecuador’s President Lenin Moreno on Jan. 3 asked the country’s prosecutor to probe $4.9 billion of oil-related infrastructure projects, alleging that the OPEC nation’s money was looted during the decade-long tenure of his leftist predecessor.