Gulf

Planning for the proposed Bluegrass Pipeline, which would carry mixed natural gas liquids (NGL) from the Northeast to the Gulf Coast, is still in early stages, but the project has piqued the curiosity of analysts who follow Bluegrass partner Boardwalk Pipeline Partners LP.

ConocoPhillips is on track for a “new era of development” in the United States, fueled by a growing list of discoveries in the deepwater Gulf of Mexico (GOM) and a solid portfolio in some onshore unconventional plays, the exploration and production (E&P) chief said Thursday.

While two pipeline projects have been proposed to move natural gas liquids (NGL) out of the Northeast to the Gulf Coast, more capacity will be needed to keep the Marcellus/Utica Shale region from becoming overwhelmed with NGLs, a Williams executive said at Wells Fargo Securities’ recent Energy Fundamentals Forum in Houston.

ConocoPhillips is on track for a “new era of development” in the United States, fueled by a growing list of discoveries in the deepwater Gulf of Mexico (GOM) and a solid portfolio in some onshore unconventional plays, the exploration and production (E&P) chief said Thursday.

While two pipeline projects have been proposed to move natural gas liquids (NGL) out of the Northeast to the Gulf Coast, more capacity will be needed to keep the Marcellus/Utica Shale region from becoming overwhelmed with NGLs, a Williams executive said at Wells Fargo Securities’ recent Energy Fundamentals Forum in Houston.

Apache Corp. is said to be shopping some of its portfolio in the Gulf of Mexico, a region where it now reigns as the largest shallow water driller and where it has steadily been building an inventory of deepwater prospects.

Apache Corp. is said to be shopping some of its portfolio in the Gulf of Mexico, a region where it now reigns as the largest shallow water driller and where it has steadily been building an inventory of deepwater prospects.

Pro and con on the proposed northern segment of the Keystone XL oil pipeline from Canada to the Gulf of Mexico (GOM) rachetted up their campaigns this week in anticipation of a U.S. State Department hearing on the project Thursday in Grand Island, NE.

Just one month after Russia’s state-owned OAO Rosneft claimed a stake in 20 deepwater Gulf of Mexico (GOM) exploration blocks held by ExxonMobil Corp., the partners said they plan to spend as much as $15 billion to build a liquefied natural gas (LNG) export facility on Russia’s Pacific Coast that would ship fuel to Asia-Pacific markets. A final investment decision is set for June, and if it’s approved, the plant could begin exporting LNG by 2018, according to Rosneft, which is the world’s largest listed oil producer (see Daily GPI, March 22). Rosneft and ExxonMobil in 2011 struck a cooperation agreement to swap access in Russia’s Arctic offshore and other areas; Rosneft gained access to U.S. and Canadian plays in the onshore and GOM (see Daily GPI, Aug. 31, 2011). Rosneft acquired a 30% interest in the 20 deepwater GOM blocks last month (see Daily GPI, March 13). The partners expanded the strategic agreement in February, which gave Rosneft the option to take a stake in the Point Thomson, AK, gas project (see Daily GPI, Feb. 14). At that time, they signed a memorandum of understanding to study the economic viability of a LNG development in the Russian Far East.