Mexico is at a pivotal moment as it gears up for an election next year amid a global rearrangement of supply chains. Ensuring reliable and affordable energy is key to the nation’s success, said participants at the Mexico Gas Summit in San Antonio, TX last week. The country needs investment in its natural gas supply…
Midstream
Articles from Midstream
Black Bear Sells More Mississippi Natural Gas Gathering Assets
Black Bear Transmission LLC’s Mississippi arm has sold off another chunk of natural gas gathering assets to Skye MS LLC as it continues to divest from production-focused assets. The sale included more than 120 miles of gathering pipelines and eight active metered locations in Mississippi. Financial details were not disclosed. “This transaction represents continued execution…
U.S. Midstream Earnings Growth Said to Slow on Weak Natural Gas Prices
The global midstream energy industry is likely to expand only modestly through 2023 and next year, given slumping natural gas prices and stubbornly high inflation, according to Moody’s Investors Service. The rating agency’s research arm, in a new outlook, emphasized the modest growth would follow strong performances across 2022, a year in which energy demand…
Shortage of New Natural Gas Infrastructure Powering Growth for Kinder Morgan; LNG to Fuel Future Strength
Overall natural gas demand slipped in the first quarter and prices dropped, but Kinder Morgan Inc. (KMI) said its natural gas pipeline business forged ahead and fueled earnings amid a shortage of new infrastructure that maximized the value of its existing network. “The world needs reliable and affordable energy to advance human development, and it…
Appalachian Producer, Midstreamer Receive Project Canary Certification
Olympus Energy LLC, which also has a midstream arm, has become the first integrated natural gas producer to independently certify its natural gas, according to management. The Pennsylvania-based exploration and production company focuses on upstream and midstream natural gas resources in the Appalachian Basin. Subsidiary Hyperion Midstream also gained verification for its gas emissions, both…
Energy Transfer Expanding Permian Oil Takeaway with Lotus Midstream Deal
Energy Transfer LP is adding 3,000 miles of crude gathering and transportation traversing the Permian Basin to Oklahoma in a $1.45 billion deal for Lotus Midstream Operations LLC. The transaction with an affiliate of EnCap Flatrock Midstream (EFM), set to be completed by mid-year, would include a $900 million cash payment and 44.5 million new…
Oneok Expecting Strong 2023 Despite Lower Natural Gas Prices
While some upstream firms have announced they are pulling back on production amid weaker natural gas prices, management at midstreamer Oneok Inc. is expecting another strong year. “Higher natural gas and natural gas liquids volumes, and strong fee-based earnings are expected to contribute to higher earnings in 2023 as we continue to focus on both…
‘No Future Without Natural Gas’ and LNG Investments Still Underway, Says Enbridge CEO
Low natural gas prices are no deterrent in LNG and pipeline infrastructure investments because sponsors always take a long-term view, Enbridge Inc. CEO Greg Ebel said recently. Ebel, who took over in January as CEO and president with Al Monaco’s retirement, discussed the quarterly and year-end results. He also spoke at length about the outlook…
Enterprise Looks to Embrace Volatility Caused by ‘Very Fragile’ U.S. Natural Gas Infrastructure Situation
Enterprise Product Partners LP has $3.6 billion of assets scheduled to begin commercial operations this year to expand natural gas, liquids and crude oil systems across the United States, with almost $2 billion more rolling off the boards through 2025, executives said last week. Co-CEOs Jim Teague and Randy Fowler shared a microphone with the…
U.S. Midstream Working to Expand Permian, Haynesville Natural Gas Pipelines
As the United States works toward casting a wider net on the global natural gas market via exports, key domestic markets like the Permian Basin and Haynesville Shale could be turned upside down in 2023 as midstream bottlenecks leave gas stranded. LNG developers on the Gulf Coast are in a race to boost liquefied natural…