Headwinds Buffet Midstream Capital Recovery
After overbuilding during the last boom, debt and uncertainty weigh heavily on the sector.
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Gregory DL Morris has reported from all 50 states and eight Canadian provinces, 17 countries on five continents in a career of more than 30 years; from Buenos Aires to Tokyo, from Sydney, Australia to Fort McMurray, Alberta. He has covered conventional energy from exploration and production to refining and petrochemicals. He has also covered renewable energy, transport and logistics, metals, banking, insurance, investments, sports, and travel. He holds a bachelor of science in journalism with distinction in all subject from Cornell University, is a member of the Overseas Press Club, and sits on the editorial board of the Museum of American Finance, a Smithsonian affiliate
After overbuilding during the last boom, debt and uncertainty weigh heavily on the sector.
One company announces extension of supply pipeline; the other grows its disposal system.
Shift from coal continues, but not necessarily to natural gas.
Supply is now a given, but diversifying the demand base remains a puzzle.
Experts: Liquefaction and transportation assets are sufficient, but regasification lags.
Mexico’s domestic midstream sector strains to reorganize and serve an evolving economy as border connections with its northern neighbor increase.
Privately held PDP acquirers are active again and in both conventional and unconventional resources.
Pipeline construction struggles continue but other midstream and downstream projects in Western Canada move forward.
Rob Dutton, the head of Canadian operations for Devon, is optimistic about the oil sands outlook, despite the long wait for several pipeline projects to move forward.
Downturn has allowed for ‘smarter risk takers.’
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