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Joint Ventures Ramp Up Activity
Good news from the nation’s midstream sector is a welcome respite in this uncertain time, and joint ventures between operators who offer individual strengths and share common growth strategies just make sense, maybe now more than ever. Here’s a shoutout to the JVs currently making some positive noise in the midstream space.
Targa Announces Open Season; Excelerate Expands LNG Fleet
Targa has announced an open season from July 1-31 to gauge shipper interest on a proposed interconnection in Kingfisher where, following construction of a new 110-mile extension of the company’s Grand Prix NGL pipeline, will connect supplies to Williams’ Bluestem Pipeline. The Bluestem originates from Williams’ fractionator in Conway, Kan., and the terminus of Overland Pass Pipeline to Targa’s Grand Prix.
The New Pipeline Landscape vs the Law of Diminishing Returns
The nation’s pipeline projects this year have met with volcanic reactions that canceled three, stalled several others, and turned upside down at least three already in service. These are the facts at hand, which now bring even greater challenges to natural gas and power utilities in need of more fuel to meet consumer demand; refineries that require feedstock; petrochemical facilities that depend on supplies to produce raw materials used globally; and U.S. producers who transport oil and gas to end markets. If the current pipeline landscape subsists, the aftereffects are predicted to bring seriously diminishing returns in an era of carbon-neutral goals.
DCP Midstream to Implement Groundbreaking Emissions Technology Across Its Natural Gas Assets
In what could be among the strongest mandates in the nation to dramatically reduce emissions from oil and gas production and midstream operations, the state of N.M., has announced new proposed standards to capture at least 98% of methane by 2026. This comes following plans already underway in Colo., and Pa., as well as the latest methane rules in Texas and N.D. The planned regulations in N.M., would give operators flexibility to choose the emissions-reduction technology of their choice while encouraging new innovations to rein in greenhouse gases.
Joint Ventures Ramp Up Activity
Good news from the nation’s midstream sector is a welcome respite in this uncertain time, and joint ventures between operators who offer individual strengths and share common growth strategies just make sense, maybe now more than ever. Here’s a shoutout to the JVs currently making some positive noise in the midstream space.
Taking the Plunge Never Sounded So Good
History proves that times of crisis and turmoil inspire ingenious ideas, amazing inventions, and bold leaps of faith despite the odds that would otherwise subvert them. When the Bubonic plague struck England in 1665 forcing the closure of Cambridge University, mathematics professor Isaac Newton returned home where his brain went into overdrive upon witnessing an apple fall from a tree. A heady example to be sure, but we’re living in a brave new world now where a number of upstream and midstream businesses are biting the bullet and taking those leaps even as the industry reconstructs itself.
An Open Season, Potential Interest Buy in Cheniere, and the Ballad of the SPR Motel
RMR features the latest high-point news to keep you to up to date with midstream activities happening in the basins and shale plays that matter to you most.
Columbia Gas Transmission Files First Rate Case in 20 Years
North American pipeline giant TC Energy announced its U.S.-based Columbia Gas Transmission subsidiary filed a rate case July 31 to recoup $3 billion in capital and operational expenses on the company’s Columbia Gas Transmission system. The filing marks the subsidiary’s first Section 4 rate case in more than 20 years and would enable Columbia to move forward on Phase III of its ongoing modernization program.
Precarious Times in the Midstream Bakken
A recent one-two punch in the Rockies has left oil and gas producers and midstreamers reeling to predict an uncertain fallout from two back-to-back events in an already head-shaking year.
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LATEST POSTS
An Open Season, Potential Interest Buy in Cheniere, and the Ballad of the SPR Motel
RMR features the latest high-point news to keep you to up to date with midstream activities happening in the basins and shale plays that matter to you most.
Read More
U.S. LNG Export Leaders Hold on Tight, Move Forward in a World of Recovery
Despite—or even in spite of—a pandemic that’s ravaged oil and gas demand across the globe, the U.S. remains on course to become the largest exporter of LNG in as little as five years. True, the world’s four LNG heavyweight suppliers (Qatar, Australia, the U.S., and Russia) all have reduced shipments due to decline in demand. This “ouch” period after more than two years of record growth, especially in the U.S. According to the EIA, the U.S. hit an all-time high in January of 8.1 BCFD LNG exported just before COVID-19 slammed the industry into a cliff.
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The Operators: Genesis Energy
Since its formation in 1996, Houston-based Genesis Energy has built a powerful onshore and offshore midstream network that primarily caters to refiners. The company operates four divisions that include offshore pipeline transportation, onshore facilities and transportation, marine transportation, and sodium minerals and sulfur services.
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Joint Ventures Ramp Up Activity
Good news from the nation’s midstream sector is a welcome respite in this uncertain time, and joint ventures between operators who offer individual strengths and share common growth strategies just make sense, maybe now more than ever. Here’s a shoutout to the JVs currently making some positive noise in the midstream space.
Read More
EPIC Gets All Fired Up
There’s new competition to The Land of NGL Plants and Terminals that has crowned Mont Belvieu, Texas, the epicenter of fractionation. San Antonio-based EPIC Midstream has announced startup service on its first greenfield, 110,000 BPD, NGL fractionator at the company’s Robstown complex, about three hours and 45 minutes away from Mont Belvieu, to offer suppliers an alternative destination for NGL supplies.
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Enterprise Products Still a Billion-Dollar Baby
In a world of… No wait, that’s a movie promo. Nevertheless, the phrase aptly describes the state of every sector of the oil and gas industry that’s landed in this Brave New World of adaptation, mutation, transformation, and innovation.
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Columbia Gas Transmission Files First Rate Case in 20 Years
North American pipeline giant TC Energy announced its U.S.-based Columbia Gas Transmission subsidiary filed a rate case July 31 to recoup $3 billion in capital and operational expenses on the company’s Columbia Gas Transmission system. The filing marks the subsidiary’s first Section 4 rate case in more than 20 years and would enable Columbia to move forward on Phase III of its ongoing modernization program.
Read More
Mexico Demand for U.S. Energy Continues to Soar
President Trump has given the thumb’s up for more oil export infrastructure along the U.S.-Mexico border with the recent signoffs on two new permits. San Antonio-based NuStar Energy looks to construct additional crude oil pipelines under the Rio Grande to boost exports from West Texas to Mexico. The company last year doubled the capacity on its Valley Pipeline System to transport 90,000 BPD of refined products from Corpus Christi to the Rio Grande Valley and northern Mexico.
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The Suppliers, Part I: A Merger of Equals
Following the massive losses recently announced by the world’s three largest oilfield suppliers—Schlumberger, Halliburton, and Baker Hughes—this year’s crushing events are just the latest blow to service providers both large and small which originally began in 2014. For those treading water in this no-mercy environment, few if any are hopeful for a lifeline in the form of another shale boom. Instead, these hired hands of the industry are consolidating, embracing new technologies, creating their own opportunities, and even pivoting their oil patch skills to areas they view more promising for the long term.
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The New Pipeline Landscape vs the Law of Diminishing Returns
The nation’s pipeline projects this year have met with volcanic reactions that canceled three, stalled several others, and turned upside down at least three already in service. These are the facts at hand, which now bring even greater challenges to natural gas and power utilities in need of more fuel to meet consumer demand; refineries that require feedstock; petrochemical facilities that depend on supplies to produce raw materials used globally; and U.S. producers who transport oil and gas to end markets. If the current pipeline landscape subsists, the aftereffects are predicted to bring seriously diminishing returns in an era of carbon-neutral goals.
Read More
Like a Phoenix in the Oil and Gas Industry, Alaska Rises Again
Major operators over the years have come and gone from the nation’s Last Frontier, yielding their hard-won oil and gas assets to another generation of upstream and midstream explorers with other ideas to reap the bounty of Alaska’s prolific natural resources. And the times, boy, are they a-changing.
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The Operators: PILOT LNG
The world’s deep-sea shipping fleet includes more than 60,000 marine vessels. Most are powered by heavy fuel oil to transport all kinds of commercial goods, dry cargo, and liquid fuels to destinations across the globe. But a sea change occurred this year for the maritime industry in the form of the International Maritime Organization (IMO) mandate to dramatically cap the heavy fuel sulfur those big boats burn. And the aftermath is not only transforming the world’s shipping fleet but opening new opportunities in the LNG industry.
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New Proposed Natural Gas Pipeline Would Literally Transform Poorest Md., County
Somerset County, Md., ranks among the poorest counties in the state, comprising small, sparsely populated towns that dot the Eastern Shore roughly three hours from the nation’s capital. Princess Anne, Somerset’s county seat, boasts two institutional fixtures that attract outsiders to a town best known for wilderness, hunting, fishing, and access to the Chesapeake Bay. In a perfect irony, one of those fiixtures is a university, the other is Md.’s largest prison.
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Next-Gen Oil and Gas World: It’s All About Technology, Part 1
Technology might be a loathsome word for many in the oil and gas space. It envisions headache-inducing change from what has been accustomed to vs what is needed and required, and costly adaptation in a cyclical industry whose health is downright poor right now. But let’s not forget that technology is the one constant that continues to transform oil and gas production, transportation, processing, refining, and most recently exportation to nations around the globe that depend on oil and gas to fuel their economies.
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DCP Midstream to Implement Groundbreaking Emissions Technology Across Its Natural Gas Assets
In what could be among the strongest mandates in the nation to dramatically reduce emissions from oil and gas production and midstream operations, the state of N.M., has announced new proposed standards to capture at least 98% of methane by 2026. This comes following plans already underway in Colo., and Pa., as well as the latest methane rules in Texas and N.D. The planned regulations in N.M., would give operators flexibility to choose the emissions-reduction technology of their choice while encouraging new innovations to rein in greenhouse gases.
Read More
