Superior Pipeline Acquires Midcontinent Gathering and Processing Assets
Natural gas assets in central Kansas include a gathering system and cryogenic processing plant.
Equitrans Sees Mountain Valley Natgas Pipeline Entering Service Next Summer
When Mountain Valley construction started in February 2018, Equitrans estimated the 303-mile (488-km), 2.0 billion cubic feet per day project would cost about $3.5 billion and enter service by late 2018.
Oasis Sells Midstream Affiliate to Crestwood in $1.8 Billion Deal
As a result of the sale of its midstream affiliate, Oasis Petroleum is now well-positioned to further participate in industry consolidation opportunities, says CEO Danny Brown.
Panel Favors Equitrans in Hammerhead Natgas Pipeline Dispute with EQT
Equitrans has said Hammerhead cost about $555 million to build. EQT, the biggest U.S. gas producer and former parent of Equitrans, has a contract to transport about 1.2 Bcf/d on Hammerhead.
Phillips 66 to Buy Remaining Stake in Midstream MLP for $3.4 Billion
The Phillips 66 transaction marks the latest in a series of MLP roll-ups involving pipeline firms, which have been forced to restructure in recent years.
US Oil Demand Surges, Depleting Oklahoma Storage Hub
“Storage at Cushing alone has the potential to really rally the market to the moon,” said Bob Yawger, director of energy futures at Mizuho.
TC Energy Targets Net-zero Emissions from Its Operations by 2050
TC Energy’s timeline is in line with Canadian Prime Minister Justin Trudeau’s goal of net-zero emissions for the country, the world's fourth-largest oil producer.
API Publishes New First-edition Pipeline Facility Inspection Standard
The new standard represents a joint effort between API, CEPA and INGAA, bringing together the accumulated expertise of pipeline operators across the supply chain.
Diamondback Energy Divests Permian Water Assets in $160 Million Dropdown
The dropdown transaction consists primarily of water midstream assets acquired by Diamondback Energy through its acquisitions of QEP Resources and Guidon Operating earlier this year.
LNG Projected to Become Fastest Growing Hydrocarbon by 2030
“Contrary to investor expectations, the world is going to need more LNG in the initial phase of the energy transition,” analysts from Morgan Stanley wrote in a research note.