Williams, which controls a bevy of natural gas pipeline and midstream assets from the deepwater Gulf of Mexico (GOM) into Canada, saw its profits upended last year in part because of the big decline in liquids prices, especially for ethane and propane. However, CEO Alan Armstrong is looking toward the future based on “continued high demand for energy infrastructure” in North America, “from power generation to petrochemical manufacturing.”
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IHS: U.S. Unconventionals Upend Global Competition
The impact of shale gas and tight oil energy on global energy markets, as well as improving competitiveness in U.S. manufacturing, have upended global competition, according to IHS Inc.
Global Competition Seen Upended by U.S. Unconventionals
The impact of unconventional domestic shale gas and tight oil reserves is impacting domestic manufacturing and has upended global competitiveness, according to IHS Inc.
IHS: U.S. Unconventionals Creating Global Competitive Risks
The impact of shale gas and tight oil energy on global energy markets, as well as improving competitiveness in U.S. manufacturing, have upended global competition, according to IHS Inc.
Analyst: Variable U.S. Gas Shale Output Dispels ‘New Normal’
The U.S. natural gas market — and thus, long-term gas prices — won’t be upended because of the unconventional resource “revolution” because marginal costs ultimately determine gas prices, according to Morningstar.
Halliburton Sees Short-Term Impacts As Producers Abandon Dry Gas
Halliburton Co., the biggest oilfield services operator in North America, on Wednesday upended Wall Street’s expectations and reported strong first quarter results, despite challenging conditions in North America as producers moved operations from natural gas basins to oil targets.