Sentinel Midstream established a JV with Exxon Mobil that will provide “the critical last-mile link for Permian, Gulf of Mexico and other barrels in the Houston crude oil market,” the company said.
Kumar had been at Dril-Quip.
Even at $5 per Mcf, natural gas prices are cheap, says Tellurian Inc.’s co-founder Charif Souki. And the rest of the world is willing to take it off your hands for decades to come, he projects—despite the noise that says otherwise.
With careful structuring and drafting of agreements, midstream companies can increase their chances in surviving bankruptcy.
The rebound came as U.S. crude oil output jumped by 500,000 bbl/d to 11.1 million bbl/d, a level consistent with activity before Hurricane Ida slammed into the U.S. Gulf Coast about a month ago.
Enbridge Inc. said on Sept. 29 its Line 3 pipeline would be operational from Oct. 1, marking the completion of a long-delayed replacement project that would increase the capacity of crude deliveries from Canada to U.S. refineries.
‘I see nothing but catastrophe,’ Tellurian’s leader says, citing a lack of infrastructure that will continue to result in instability for natural gas prices.
Tallgrass’ Rockies Express Pipeline will be the first pipeline to implement real-time emissions detection and monitoring across all of its compressor stations.
Partners decide to cease development because they could not obtain water permits in New Jersey.
The agreement with Ørsted could include a large-scale wind energy, electrolysis and synthetic gas-via-methanation co-development in western Wyoming where Williams owns significant land area and natural gas infrastructure.