Sunoco LP is gaining greater scale and adding new business lines through its $7.3 billion acquisition of NuStar Energy LP. But given Energy Transfer’s 100% ownership of the Sunoco partnership, could the deal face pushback by regulators?
Cold temperatures caused higher gas usage and dropped production, but the spike in demand is unlikely to have lasting effects.
The transaction is expected to close in the first quarter of 2024.
Howard Energy Partners said they’ve achieved record volumes this year with the company’s current natural gas average throughput of over 2.5 Bcf/d and current average terminalling throughput of over 160,000 bbl/d.
The incident, in which Rager well #2244 started leaking natural gas, was caused by water- and oxygen-induced corrosion on the outside diameter of the top joint of the well, and the infiltration of organic and/or inorganic matter, resulting in the well casing failing.
Lower commodity prices are blamed for the slide in Enterprise Product Partners’ second quarter results.
Kinder Morgan is investing in new natural gas and low-carbon projects while the midstream company faces headwinds from low commodity prices.
U.S. LNG exporters could see cargos backing up as European storage levels near capacity and as Asian gas demand lags, with approximately 35 LNG ships sitting on the water for more than 20 or 30 days, according to a Bernstein report.
The federal government is starting the process to sell the entire Federal Helium System near Amarillo, Texas, next month. Could a major industrial gas player be a buyer for the legacy assets?
Canada’s IESO expects Ontario’s energy storage capacity to increase dramatically as a partial result of the 250 MW system.