Alex Steis

With the aim of better serving West Coast natural gas markets, midstreamer Tallgrass said Friday it has agreed to purchase Houston-based Ruby Pipeline LLC, which filed for Chapter 11 bankruptcy in March. Tallgrass said the acquisition of the 1.5 Bcf/d line checks two boxes in the company’s current strategy. In addition to enhancing natural gas…

With the aim of better serving West Coast natural gas markets, midstreamer Tallgrass said Friday it has agreed to purchase Houston-based Ruby Pipeline LLC, which filed for Chapter 11 bankruptcy in March. Tallgrass said the acquisition of the 1.5 Bcf/d line checks two boxes in the company’s current strategy. In addition to enhancing natural gas…

Williams’ long-term natural gas focus continues to bring in the returns, according to CEO Alan Armstrong, who said strong quarterly results were attributable to the company sticking to its strategy. Speaking on a 3Q2022 conference call, Armstrong said the midstream giant’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA) was up 15% compared to…

Citing the current oil and natural gas commodity price environment and what makes the most sense on a capital investment basis, Whiting Petroleum Corp. on Wednesday doubled down on its exploration and production operations in the Bakken Shale of North Dakota. At the same time, it jettisoned all of the company’s oil and natural gas…

Demand for large-diameter offshore pipelines, aka trunklines, is expected to drop by 26% in 2020 before rebounding to near pre-Covid levels by 2022, Rystad Energy forecasted Monday. Natural gas pipelines account for more than 90% of the nearly 100 offshore trunkline projects slated for development from 2020-2024, Rystad analysts said. “The offshore trunkline market will…

In an effort to meet current and future New York City natural gas supply constraints, National Grid is planning to deploy a series of measures to maintain near-term system reliability while mulling over a host of longer-term solutions, a number of which prominently feature liquefied natural gas (LNG).

Coming in as one of the world’s largest natural gas discoveries in recent years, the United Arab Emirates (UAE) announced earlier this month that it has hit on 80 Tcf of shallow gas resources between Saih Al Sidirah and Jebel Ali in the Emirates of Abu Dhabi and Dubai, respectively.

As the nationwide polar vortex was expected to lift over the weekend, weekly natural gas trading — Thursday and Friday — showed declines at a majority of pricing points across the United States. Most declines were in the neighborhood of 30 to 80 cents.

With the nationwide polar vortex expected to loosen its grip over the weekend, natural gas price bulls were not finding much traction in Friday trading as cash values were awash in a sea of red, and the front-month futures contract continued its retreat even further below the psychological $3 price point.