When commodity prices are in decline, executives at Kinder Morgan Inc. get even more bullish about opportunities in the midstream sector.
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Articles from Backlog
Death of New Rig Orders ‘Greatly Exaggerated,’ Says NOV Chief
National Oilwell Varco Inc. (NOV), one of the leading high technology manufacturers for the upstream, is seeing some “green shoots” of growth in North America’s onshore, in part because drilling equipment is wearing out, and because customers are demanding the best components available, CEO Pete Miller said Friday.
Kinder Morgan: More Marcellus/Utica Opportunities to Come
The way that production has been climbing in Marcellus-Utica Shale country, there could be enough to support two pipeline projects to carry natural gas liquids (NGL) from the region to the Gulf Coast, a Kinder Morgan executive allowed during an earnings conference call Wednesday. And the company is weighing other projects to move the region’s output into the Northeast.
Analyst Sees More Gas Demand On the Way
Demand between now and 2015 will prop up natural gas prices, even with a backlog of drilled wells awaiting connection, and from 2016 to 2018 a “dramatic structural increase” in demand could outpace supply additions and send gas prices to as high as $6.00/MMBtu, BNP Paribas’ Teri Viswanath, director of commodity strategy, said Friday.
BNP Sees Something to Look Forward to for Gas Price Bulls
Demand between now and 2015 will prop up natural gas prices, even with a backlog of drilled wells awaiting connection, and from 2016 to 2018 a “dramatic structural increase” in demand could outpace supply additions and send gas prices to as high as $6.00/MMBtu, BNP Paribas’ Teri Viswanath, director of commodity strategy, said Friday.
Eyes on Baker, Schlumberger, Halliburton for Direction on U.S. Land
The U.S. onshore rig count currently is “trendless,” but there’s hope for some direction in first quarter reports by three of the top domestic oilfield services providers, Schlumberger Ltd., Baker Hughes Inc. and Halliburton Co., according to Tudor, Pickering, Holt & Co. Inc. (TPH).
Marcellus Region Saw Lion’s Share of 2012 Pipeline Projects
More than half of the natural gas pipeline projects that entered service were in the Northeast during 2012, a year in which overall U.S. capacity investment slowed.
Oneok Entering Crude Transport With Bakken Pipeline
Oneok Partners LP plans to invest $1.5-1.8 billion to build a 1,300-mile crude oil pipeline with capacity to transport 200,000 b/d of light sweet crude from the Bakken Shale in the Williston Basin in North Dakota to the Cushing, OK, crude oil market hub, the partnership said Monday.
Apache Eyes Upstream Opportunities
Apache Corp. is pouring more money into its upstream projects this year to advance a backlog of North American and overseas opportunities, CEO Steve Farris said last week.
Apache Eyes Expanded Gas, Oil Opportunities
Apache Corp. is pouring more money into its upstream projects this year to advance a backlog of North American and overseas opportunities, CEO Steve Farris said Tuesday.