Natural gas pipeline capacity from the Permian Basin is set to increase September 10, 2024 Natural gas pipeline takeaway capacity in the Permian Basin will soon increase as the Matterhorn Express Pipeline, with a capacity of 2.5 billion cubic feet per day (Bcf/d), is expected to begin service this month, according to EnLink Midstream, one…
Brent Crude Tumbles Below $75 a Barrel, Erasing 2024 Gains September 3, 2024 Brent erased its 2024 gains as concerns about demand in the world’s two biggest economies overshadow heightened geopolitical risks. The global benchmark dropped below $75 a barrel and touched the lowest intraday price since December 2023. Read more
Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance Aug 26, 2024 Oil major Shell on Monday said it plans to shut-in different portions of its Zydeco pipeline system for maintenance for three to four days starting Sept 24, limiting flows of some light crude to Louisiana. The Zydeco pipeline system, which spans…
Brazos Midstream completes new gas processing facility and announces further expansion plans 19 August 2024 Brazos Midstream, a company focused on the Permian Basin, has announced the completion of a new gas processing facility and further expansion plans, reports GlobalData. The Sundance I facility in Martin County, Texas, with a capacity of 200 million ft3/d,…
Canada has become the main exporter of oil to the U.S. meeting demand from refineries Energize Weekly, August 14, 2024 Canada has become the main source of imported oil for U.S. refineries, accounting for 60 percent of crude imports as of January 2024 – almost doubling its share in 10 years, according to the federal…
U.S. oil and gas M&A tops $30 billion for the third straight quarter Energize Weekly, August 7, 2024 Oil and gas mergers and acquisitions (M&A) in the second quarter of 2024 marked the third consecutive quarter of $30 billion or more in transactions, according to energy consultant Enverus Intelligence Research. Before this run, quarterly deals…
Texas crude oil pipelines full to the brim, getting worse Jul 29, 2024 Crude oil pipelines connecting the busiest Texas oil fields to a critical export hub across the state are nearly out of space, threatening to cap US oil exports at a time when the world needs more. Key pipelines that transport barrels produced…
ONEOK to expand pipeline from Kansas to Denver July 22, 2024 Oklahoma energy company ONEOK plans to expand its pipeline capacity connecting Mid-Continent and Gulf Coast refined products supply with the greater Denver area to meet growing demand in that region. The project involves the construction of a new 230-mile, 16-inch diameter pipeline from Scott…
Energy companies win dismissal of Baltimore’s climate change case July 11, 2024 A Maryland judge on Thursday dismissed a lawsuit by the city of Baltimore seeking to hold energy giants such as Exxon Mobil(XOM.N), opens new tab, BP(BP.L), opens new tab and Chevron(CVX.N), opens new tab responsible for climate change, saying the case went beyond…
Maine’s largest natural gas provider, Unitil, to acquire Bangor Natural Gas Company Jul 9, 2024 The largest provider of natural gas in Maine, Unitil, has agreed to purchase the Bangor Natural Gas Company, the state’s second-largest provider, the Unitil Corporation announced Tuesday. Unitil said it will pay $70.9 million to PHC Utilities, a subsidiary of…
Arizona voters will vote on going green fast or keeping fossil-fuel choices in the mix July 8, 2024 Three seats on the Arizona Corporation Commission are up for grabs in the coming primary and general elections, and the results of these votes will help set the state’s water and power agenda at a critical juncture.…
Global oil production to rise while demand falls, putting pressure on prices and investments Energize Weekly, July 10,2024 Increasing global oil production in the face of plateauing demand will put price pressures on producers and challenge the large capital investment the industry is making, according to the International Energy Agency’s (IEA) annual market analysis and…
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