The Energy Information Administration forecasts U.S. refinery utilization rates to remain slightly above the 90% mark for 2023 through 2024.
Germany's strategy to cope without Russian gas also includes increased imports via North Sea gas pipelines, gas savings drives and the building of inventories.
The MountainWest acquisition comprises approximately 2,000 miles of natural gas pipeline systems with about 8 Bcf/d of transmission capacity.
Comparable income beat analyst estimates, but TC Energy took a Q4 loss due to charges with the Keystone pipeline spill and Coastal GasLink costs.
Pipeline giant Plains All American forecasts a Permian crude production uptick of 500,000 bbl/d for 2023.
Some business school frameworks and buzzwords can be applied to the current midstream landscape, such as the five stages of the industry life cycle.
A gas transmission impairment forced a Q4 earnings loss, but the company expects high utilization of its Mainline pipeline system in 2023.
Regulatory issues, inflation and takeaway capacity could hold up projects, while Bay du Nord could breathe new life into Canada’s struggling offshore sector.
As many as 600 ghost tankers ferry Russian crude oil and oil products to markets at high risk and reduced prices.
Purchase of Medallion Midstream’s Delaware Basin natural gas gathering and processing business adds to Cardinal’s portfolio.