Hurricane Harvey’s lingering impact on the Texas energy sector is forcing producers to reduce guidance, not only from shut-ins in the Eagle Ford Shale but also because of petrochemical limitations at Gulf Coast processing facilities.
Sempra Energy and Boardwalk Pipeline Partners LP are joining the competition to carry natural gas from the Permian Basin to the Texas Gulf Coast, after launching a nonbinding, open season through Sept. 14 to solicit interest in a 470-mile pipeline. Read More
ExxonMobil Corp., which last week said it would move more global investment to the U.S. onshore, on Monday unveiled a $20 billion plan to expand manufacturing capacity along the Gulf Coast, fueled by domestic natural gas and oil. Read More
July natural gas is set to open 4 cents lower Tuesday morning at $2.55 as traders factor in a supportive weather environment and an accelerating decline in the storage surplus. Overnight oil markets fell. Read More
The U.S. Forest Service (USFS) has told FERC that it still has several concerns regarding the route of the proposed Atlantic Coast Pipeline (ACP), specifically its plans to traverse the Monongahela and George Washington national forests. Read More
Kinder Morgan Inc. (KMI) on Tuesday announced it would extend the binding open season for its Utica Marcellus Texas Pipeline (UMTP), which would carry Appalachian natural gas liquids (NGL) to the Texas Gulf Coast. Read More
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