Shell-shocked E&Ps posed challenges for midstream companies during the pandemic, but strategies based on renegotiating contracts, positioning for advantage in upcoming bankruptcies and broadening product offerings have shown that the sector has plenty of fight.
The initial project, which began in late May, supported a NGL customers’ highly efficient simultaneous fracturing, or simul-frac, completion activities in New Mexico’s Lea County within the northern Delaware Basin.
The crude oil build in the U.S. was “obviously” a surprise driven by a surge in imports and a plunge in exports, says analyst John Kilduff.
U.S. officials insist they continue to oppose the Nord Stream 2 gas pipeline, but said the U.S.-German agreement would mitigate the possibility of Russia using energy as a weapon.
Mexican state-owned utility’s criminal investigation targeting WhiteWater could have a chilling effect on other U.S. energy companies looking at opportunities in the country.
The project is expected to reduce natural gas flaring in the Bakken region by allowing producers to move more gas to market, says MDU Resources President and CEO David L. Goodin.
The Department of Homeland Security on July 20 required owners and operators of critical pipelines that transport hazardous liquids and natural gas to implement "urgently needed protections against cyber intrusions."
Global Infrastructure Partners paid $850 million for the stake in the limited partnership behind Freeport LNG, the second-largest export facility for LNG in the U.S., in 2014.
WhiteWater Midstream is being investigated for the “delivery of contracts under suspicion of corruption, breach of trust and influence peddling,” Mexico’s state-run power utility said in its statement.
Marshall Adkins, managing director and head of energy at Raymond James, shares why the fundamentals of oil have never been better than now plus his outlook for U.S. shale producers.