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.
Williams Sets Anchor on Major Deepwater Project
A big question mark may currently hang above the state of the oil and gas industry, but Tulsa-based Williams isn’t waiting around to move forward with long-term opportunities post the COVID fallout. The pipeline giant has reached an agreement with energy majors Chevron and Total to construct a new underwater natural gas pipeline 140 miles off the La., Gulf Coast. The pipeline will connect the planned deepwater Anchor, a floating oil and gas platform co-owned by Chevron and Total, with Williams’ Discovery complex in Larose, La. Discovery offers producers a full suite of midstream natural gas and NGLs services. Williams’ Gulf Coast operations include 3,500 miles of natural gas and oil gathering and transmission pipelines, 1.8 BCFD of processing capacity, and 60,000 BPD of fractionation capacity. The company also retains ownership in two other floating production platforms. Anchor is expected to begin service during the first half of 2024.
Hess Resorts to Tankers for Bakken Production
As producers scramble to find temporary solutions to the widening crude oil storage dilemma, N.Y.-based Hess Corp is taking no chances to protect its Bakken supplies. As one of the largest producers in the basin, Hess just announced its net production in the Bakken during 1Q increased 34% compared to the same quarter last year. The company has chartered three VLCCs to house about 56% of its North Dakota production expected in May, June, and July. Hess estimates each tanker will store about 2 MMBLs of crude. One tanker already has docked in the Gulf of Mexico with two others scheduled for arrival over the next 60 days.
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