Joe Fisher

Enterprise Products Partners LP said it will tap the Permian Basin with a new pipeline to carry natural gas liquids (NGL) to its fractionation and storage complex in Mont Belvieu, TX.

BHP Billiton should jettison its U.S. petroleum business (offshore and on), which is undervalued by the market, does not contribute value to the company and does not mesh with BHP’s traditional mining operations, an activist shareholder said Monday in a letter to company directors.

Commodities and securities regulation under the Trump administration will be more open to market participants with less “gotcha stuff” to trip them up, speakers at a Houston conference heard last week.

China’s Wanhua Chemical said it will develop a $1.12 billion chemical manufacturing complex in Louisiana, noting the state’s proximity to abundant natural gas supply as well as waterborne transport.

The number and volume of natural gas transactions — according to FERC Form 552 submissions from up to 680 respondents — were in decline during 2008 to 2014 and flattened in 2015. However, that trend has improved somewhat in 2016, executives with two price reporting agencies (PRA) said in Houston on Tuesday.

More rigs came back during the week just ended, natgas-directed units, too, according to Baker Hughes Inc. (BHI). Meanwhile, analysts are looking to new natural gas takeaway capacity and production growth, particularly in the Northeast.

One-dozen rigs returned to the Permian Basin during the week just ended, according to Baker Hughes Inc. (BHI), and that propelled Texas to an overall gain of seven units during the week. But the good news for the energy patch isn’t confined to the Permian or to Texas.

Tellurian Inc. Chairman and liquefied natural gas (LNG) pioneer Charif Souki told a Japanese audience Tuesday that he would sell them LNG at a fixed $8/MMBtu beginning in 2023, according to press reports.

Tall Oak Midstream II LLC is holding a nonbinding open season through April 20 for its TOM Midcon Transport residue gas pipeline project, which would serve Midcontinent producers with increased takeaway capacity.