Houston pipeline operator Enterprise Products Partners finished 2019 with a record $4.6 billion profit after shattering 28 company records.
In an early Thursday morning statement, Enterprise said it ended the year with a record $4.6 billion profit, a …
EIA
EIA forecasts these deliveries to account for an increasingly larger share through 2021 as new LNG facilities are placed in service and new pipelines in Mexico that connect to U.S. export pipelines begin operations.
In its Short-Term Energy …
A newly formed Houston pipeline company has landed $400 million in financing from San Antonio private equity firm EnCap Flatrock Midstream.
Launched just before Thanksgiving and headquartered off Post Oak Boulevard in Houston’s Galleria district, Edgewater Midstream is …
San Antonio pipeline operator NuStar Energy is making a $400 million bet on the growth of exports at the Port of Corpus Christi.
During a Tuesday morning presentation at the 2019 RBC Capital Markets Midstream Conference in Dallas, …
From Bloomberg
Texas oilman Jeffery Hildebrand became a billionaire by shunning the shale revolution taking place in his home state. Now, …
From Reuters
U.S. crude oil stockpiles fell more than expected last week with supplies at the Cushing, Oklahoma hub dropping for a seventh week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.
Crude inventories fell …
U.S. LNG exports have expanded to the point they made up 7 percent of total U.S. natural gas production in July, the Energy Information Administration reported Monday.
Last month gas deliveries to LNG export facilities reached …
From Reuters
U.S. oil output from seven major shale formations is expected to rise by 85,000 barrels per day (bpd) in September, to a record 8.77 million bpd, the U.S. Energy Information Administration forecast in its monthly drilling productivity report …
From Reuters
The U.S. Environmental Protection Agency on Friday unveiled a proposal that would curb state powers to block pipelines and other energy projects, as part of the Trump administration’s effort to boost domestic oil, gas and coal development.
The …
At 10:30 p.m. on an 85F August night in Penwell, in West Texas, a 69-year-old repairman is hammering away at the frame of an 18-wheeler in …
From Bloomberg
For companies that haul oil and natural gas, the next big thing may be dirty water, according to Jefferies Group LLC.
As booming U.S. oil production unleashes a torrent of contaminated water that rises to the surface with …
From the Calgary Herald
After it was announced Wednesday that the federal Liberal government would not accept all 188 amendments to the disastrous Impact Assessment Act, or …
From the Associated Press
WASHINGTON (AP) — President Donald Trump will announce an executive order during a trip to Texas on Wednesday that could make it harder for states to scuttle pipelines and other energy projects based on concerns about …
The number of pipeline and storage terminal projects proposed to move shale to the U.S. Gulf Coast has dwindled amid steps by oil producers to pare exploration spending.
Last year, booming West Texas production overwhelmed existing pipelines out …
The Trump administration is considering taking steps to limit the ability of states to block interstate gas pipelines and other energy projects, according to three people familiar with the deliberations.
The effort, possibly done through an executive order, …
From the Midland Reporter Telegram
A new report says crude oil pipeline constraints in the booming Permian Basin may end sooner than expected and prices will be less affected than previously believed.
The report by analysts at Raymond James says …
From the Mercury News
In a move aimed at stopping President Trump’s plans to expand offshore oil drilling along the California coast, Gov. Jerry Brown on Saturday signed two laws that prohibit construction of new pipelines that could bring the …
Research firm Westwood Global has quantified the result of takeaway constraints in the Permian Basin.
Westwood calculates 345 completions are likely to be deferred by the end of …
From Reuters
As pipelines out of the largest U.S. oil field reach capacity in the coming months, further depressing West Texas crude prices, smaller producers will have to slow or shut-in production, according to oil executives.
Soaring production in U.S. …
During their recent Q1 earnings calls, Bart Brookman, president …
Canada’s shortage of pipeline capacity is continuing to drive down the price of Canadian oil and it’s …
Without adequate pipeline capacity or forthcoming export projects for Canada’s crude oil and natural gas, there is a tough energy economy in Canada that is going to be taking an economic …
Cenovus Energy Inc. (ticker: CVE) posted a net earnings loss from continuing operations of $914 million, or $(0.74) per diluted share for Q1 2018, compared to Q1 2017 recorded a net profit of $211 million, or $0.25 per share.
“The …
Calgary’s Canacol Energy Ltd. (ticker: CNE) recorded a net loss of USD$148 million for the year ended December 31, 2017, or $(0.48) per share – this compares to a net income of $23.6 million for the same period in 2016. …
TransCanada Corporation (ticker: TRP) has a new $2.4 billion NGTL system expansion coming on-line within four years. The NGTL moves gas from the …
