Some of Pennsylvania’s leading private and public sector economic development organizations are stepping-up their efforts to expand markets for natural gas in the state as the upstream and midstream booms of years past are increasingly giving way to more downstream opportunities.
Articles from Downstream
Gas for delivery Wednesday added a few pennies in trading Thursday as double-digit gains in the East, along with some help from firm Rockies quotes, were able to surpass weak pricing in California, Texas, and the Gulf Coast.
The natural gas infrastructure and market dynamics are likely to be altered significantly, operators said Tuesday in Chicago, if the on-going series of east-to-west projects continue to be built from the Marcellus and Utica shales to send new supplies to the Midwest, Canada and Gulf Coast markets.
GE Oil & Gas is buying Cameron’s reciprocating compression business for $550 million in a deal intended to leverage the expansion of shale gas development worldwide.
Ben van Beurden, 55, who was appointed downstream director and a member of the executive committee for Royal Dutch Shell plc in January, was named to succeed Peter Voser as CEO on Jan. 1 (see NGI, May 6). Van Beurden has been responsible for refining and marketing businesses, as well as overseeing the trading companies. He also is responsible for the petrochemicals manufacturing and marketing business, which has been eyeing expansions in the United States because of increased natural gas activity, as well as the gas-to-liquids business. He joined Shell in 1983 and has worked in Houston, the Netherlands, Africa, Malaysia and most recently, the UK. He is credited with helping to turn the petrochemicals operations to profitability after several quarters of big losses. The Dutch national earned a master’s degree in chemical engineering from Delft University of Technology in the Netherlands.
The Muskingum Watershed Conservancy District (MWCD) has agreed to sell more water to Gulfport Energy Corp. for Utica Shale drilling activities, as it adopts a new short-term water sales policy and partners with the U.S. Geological Survey to study the impact of future water withdrawals.
Strategic investors and foreign buyers continue to press for deals in U.S. unconventional fields, but higher prices have pushed private equity (PE) momentarily to the sidelines, according to PwC US.
Midstream and downstream energy giant Phillips 66 is positioning itself to take full advantage of the ongoing North American shale oil boom by inking a number of deals to increase supplies of cost-advantaged North American crude oil to its U.S. refineries.
Williams and Boardwalk Pipeline Partners LP are partnering on a pipeline project to carry mixed (y-grade) natural gas liquids (NGL) from the Marcellus and Utica shales to the U.S. Gulf Coast as well as the petrochemical market in the Northeast.
The impact of unconventional domestic shale gas and tight oil reserves is impacting domestic manufacturing and has upended global competitiveness, according to IHS Inc.