Frank
Nieto
Contributor
DOE Approves Release of Crude Oil from Strategic Reserves to Shell
Combined, the U.S. Energy Department has provided about 8 million barrels of crude oil from the Strategic Petroleum Reserve to boost the nation’s fuel supply.
US Crude Oil Stockpiles Fall to 2018 Lows: Report
The crude oil drawdowns came even as refiners cut activity, with runs down by 294,000 bbl/d and utilization rates falling 1.4 percentage points in the week.
Shale 2022: Long-term Planning Paying Off for Midstream Operators
By staying the course, midstream operators with assets in top U.S. shale plays are not only surviving but thriving as 2022 unfolds.
Lucid to Develop Largest CCS Project in the Permian Basin
Lucid Energy Group received EPA approval on Jan. 11 for its plan for the sequestering of CO₂ from its Red Hills gas processing complex in New Mexico’s Lea County.
Targa Resources Strikes $925 Million Deal with Stonepeak
The repurchase of interests in its development company joint ventures with Stonepeak had previously been discussed during Targa Resources’ third-quarter earnings call last November.
US Senators Say Cruz Sanctions on Nord Stream 2 Could Harm Relations with Germany
The deal requires the bill to get 60 votes—a high hurdle in the 50-50 Senate. The bill would also have to pass in the House and be signed by President Joe Biden, a Democrat.
Enterprise Surprises Market with $3.25 Billion Cash Acquisition of Navitas Midstream
Enterprise’s agreement to acquire Warburg-backed Navitas comes as a surprise, analysts say, given Enterprise’s recent capital discussions and messaged preference for downstream.
Gas Prices Up Again as Russian Pipeline Remains Stuck in Reverse
It has now been flowing eastwards since Dec. 21, data from German network operator Gascade showed.
BCCK Holding to Enhance Recoveries at Cryogenic Gas Facility in Marcellus-Utica Basin
The project will utilize a skidded BCCK patent-pending design, which will be available to enhance propane recoveries at many of the existing 200 MMscf/d GSP facilities operating throughout the U.S.
US Says Nord Stream 2 Sanction Plan by Cruz Would Undermine United Front
The Biden administration has opposed the pipeline as it would bypass Ukraine, depriving it of lucrative transit fees.